Bankwell Financial Group, Inc.
BWFG| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $207.72M | $195.71M | $193.30M | $120.98M | $87.03M | $80.37M | $88.19M | $83.96M |
| Cost of Revenue | $100.43M | $131.33M | $94.85M | $28.64M | $13.43M | $30.26M | $29.62M | $27.18M |
| Gross Profit | $107.28M | $64.38M | $98.44M | $92.35M | $73.60M | $50.11M | $58.57M | $56.79M |
| Gross Margin | 51.65% | 32.90% | 50.93% | 76.33% | 84.57% | 62.35% | 66.41% | 67.63% |
| Operating Expenses | $58.79M | $51.05M | $50.40M | $44.36M | $39.74M | $42.81M | $35.63M | $35.63M |
| Operating Income | $48.49M | $13.33M | $48.04M | $47.98M | $33.86M | $7.30M | $22.94M | $21.15M |
| Operating Margin | 23.35% | 6.81% | 24.85% | 39.66% | 38.91% | 9.08% | 26.01% | 25.19% |
| Net Income | $35.20M | $9.77M | $36.66M | $37.43M | $26.59M | $5.90M | $18.22M | $17.43M |
| Net Margin | 16.95% | 4.99% | 18.97% | 30.94% | 30.55% | 7.35% | 20.65% | 20.76% |
| EPS (Basic) | $4.49 | $1.24 | $4.71 | $4.84 | $3.38 | $0.75 | $2.32 | $2.23 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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About the company
Bankwell Financial Group, Inc. operates as the parent company for Bankwell Bank, delivering a full spectrum of financial services to both individual consumers and business clients. Its foundational deposit offerings encompass checking, savings, and money market accounts, as well as certificates of deposit. The institution also extends a wide array of lending products. These include residential mortgages for owner-occupied properties (ranging from single-family homes to four-unit dwellings) intended for personal use, alongside home equity loans and lines of credit. For its commercial clientele, Bankwell provides financing secured by commercial real estate, multi-family residences, and investor-owned residential properties (one to four units). It also offers commercial construction loans for development projects such as apartment complexes, condominiums, office buildings, retail spaces, and other income-generating properties. Further loan options include land loans, commercial business loans (often backed by corporate assets and personal guarantees from business owners), and loans secured by customer savings or certificate accounts and automobiles. Additionally, the bank offers unsecured personal loans and overdraft protection lines of credit. The company maintains a network of branch locations across Connecticut, specifically in New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden. Established in 2002 under its former name, BNC Financial Group, Inc., the organization rebranded to Bankwell Financial Group, Inc. in September 2013. Its corporate headquarters are located in New Canaan, Connecticut.