BWFG · Bankwell Financial Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $780.0K | - | $779.0K | $674.0K | $602.0K | - | $575.0K | $495.0K | $304.0K | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.10M | - | - | - | $974.0K | - | - | - | $940.0K | - |
| Operating Income | $14.37M | - | $13.48M | $11.81M | $8.97M | - | $2.71M | $1.47M | $5.08M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $27.13M | - |
| Income Tax | $3.09M | - | $3.40M | $2.73M | $2.08M | - | $786.0K | $356.0K | $1.32M | - |
| Net Income | $11.28M | - | $10.08M | $9.09M | $6.89M | - | $1.93M | $1.12M | $3.76M | - |
| EPS - Basic | $1.42 | - | $1.28 | $1.16 | $0.88 | - | $0.24 | $0.14 | $0.48 | - |
| EPS - Diluted | $1.41 | - | $1.27 | $1.15 | $0.87 | - | $0.24 | $0.14 | $0.48 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $217.90M | $224.92M | $295.36M | $322.46M | $304.93M | $307.52M | $291.34M | $251.38M | $247.63M | $269.16M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.37B | $3.36B | $3.24B | $3.24B | $3.18B | $3.27B | $3.16B | $3.14B | $3.16B | $3.22B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.06B | $3.06B | $2.95B | $2.95B | $2.91B | $3.00B | $2.89B | $2.87B | $2.89B | $2.95B |
| Stockholders' Equity | $311.87M | $301.49M | $292.79M | $283.29M | $275.21M | $270.52M | $267.93M | $266.98M | $268.03M | $265.75M |
| Retained Earnings | $191.28M | $181.59M | $174.01M | $165.50M | $157.97M | $152.66M | $151.26M | $150.90M | $151.35M | $149.17M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.72M | - | - | - | $3.92M | - | - | - | $9.03M | - |
| Investing Cash Flow | ($18.78M) | - | - | - | $83.09M | - | - | - | $35.18M | - |
| Financing Cash Flow | $4.04M | - | - | - | ($89.61M) | - | - | - | ($65.74M) | - |
| CapEx | $470.0K | - | - | - | $97.0K | - | - | - | $83.0K | - |
| Free Cash Flow | $7.25M | - | - | - | $3.83M | - | - | - | $8.95M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 1842.2% | - | 1730.3% | 1752.7% | 1489.5% | - | 471.7% | 297.8% | 1671.7% | - |
| EBITDA margin | 1983.8% | - | - | - | 1651.3% | - | - | - | 1980.9% | - |
| Net margin | 1445.5% | - | 1293.7% | 1348.4% | 1144.2% | - | 335.0% | 225.9% | 1237.8% | - |
| Free cash flow margin | 930.0% | - | - | - | 635.9% | - | - | - | 2942.8% | - |
| FCF / Net income | 0.64 | - | - | - | 0.56 | - | - | - | 2.38 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 21.5% | - | 25.2% | 23.1% | 23.2% | - | 29.0% | 24.2% | 26.0% | - |
| Return on assets | 0.3% | - | 0.3% | 0.3% | 0.2% | - | 0.1% | 0.0% | 0.1% | - |
| Return on equity | 3.6% | - | 3.4% | 3.2% | 2.5% | - | 0.7% | 0.4% | 1.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.2x | - |
| Equity multiplier | 10.82 | 11.14 | 11.08 | 11.43 | 11.57 | 12.08 | 11.80 | 11.77 | 11.77 | 12.10 |
| Liabilities / Assets | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 34.4x | - | 34.8x | 31.3x | 34.7x | - | 124.8x | 181.2x | 54.0x | - |
| P / B | 1.2x | - | 1.2x | 1.0x | 0.8x | - | 0.9x | 0.7x | 0.7x | - |
| P / S | 485.3x | - | 445.6x | 418.0x | 388.1x | - | 402.2x | 395.9x | 656.0x | - |
| EV / EBITDA | 10.4x | - | - | - | -7.2x | - | - | - | -8.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 29.6% | - | 35.5% | 36.2% | 98.0% | - | 95.6% | 37.1% | 6.3% | - |
| Revenue CAGR (3y) | 39.7% | - | 48.1% | 39.4% | 35.9% | - | 42.4% | 31.6% | 15.2% | - |
| Revenue CAGR (5y) | 31.4% | - | 32.6% | 31.6% | 22.6% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 60.2% | - | 397.0% | 701.4% | 76.4% | - | -78.9% | -85.5% | -62.5% | - |
| Net income growth (YoY) | 63.7% | - | 423.3% | 712.9% | 83.0% | - | -80.3% | -86.0% | -63.7% | - |
| EPS growth (YoY) | 62.1% | - | 429.2% | 721.4% | 81.3% | - | -80.8% | -86.3% | -63.9% | - |
| EPS CAGR (3y) | 2.0% | - | 2.5% | -9.5% | -5.8% | - | -34.9% | -43.8% | -12.2% | - |
| EPS CAGR (5y) | 14.7% | - | 27.3% | 48.4% | 38.6% | - | -14.3% | -27.7% | -5.9% | - |
| FCF growth (YoY) | 89.5% | - | - | - | -57.2% | - | - | - | 39.7% | - |
| FCF CAGR (5y) | -12.4% | - | - | - | - | - | - | - | 1.3% | - |
| Book value growth (YoY) | 13.3% | 11.4% | 9.3% | 6.1% | 2.7% | 1.8% | 3.9% | 7.3% | 10.6% | 11.4% |
Peer comparison
Same SIC group: State Commercial Banks
Comparing Bankwell Financial Group against the 5 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $0.2000 |
| Feb 10, 2026 | $0.2000 |
| Nov 10, 2025 | $0.2000 |
| Aug 11, 2025 | $0.2000 |
| May 9, 2025 | $0.2000 |
| Feb 11, 2025 | $0.2000 |
| Nov 8, 2024 | $0.2000 |
| Aug 12, 2024 | $0.2000 |
| May 9, 2024 | $0.2000 |
| Feb 12, 2024 | $0.2000 |
| Nov 9, 2023 | $0.2000 |
| Aug 11, 2023 | $0.2000 |
| May 11, 2023 | $0.2000 |
| Feb 10, 2023 | $0.2000 |
| Nov 9, 2022 | $0.2000 |
| Aug 12, 2022 | $0.2000 |
| May 12, 2022 | $0.2000 |
| Feb 11, 2022 | $0.2000 |
| Nov 10, 2021 | $0.1800 |
| Aug 13, 2021 | $0.1800 |
| May 13, 2021 | $0.1400 |
| Feb 11, 2021 | $0.1400 |
| Nov 12, 2020 | $0.1400 |
| Aug 13, 2020 | $0.1400 |