BWFG
Bankwell Financial Group Inc
NASDAQ: BWFG · FINANCIAL SERVICES · BANKS - REGIONAL
$52.53
-1.24% today
Updated 2026-04-29
Market cap
$418.83M
P/E ratio
10.53
P/S ratio
3.63x
EPS (TTM)
$4.99
Dividend yield
1.50%
52W range
$33 – $54
Volume
0.0M
Bankwell Financial Group Inc (BWFG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.98M | $10.74M | $12.95M | $14.85M | $18.29M | $21.72M | $24.74M | $31.48M | $38.63M | $54.24M | $63.67M | $75.83M | $83.96M | $88.19M | $80.37M | $87.03M | $120.98M | $193.30M | $195.71M | $207.72M |
| Revenue growth (YoY) | — | +79.6% | +20.5% | +14.6% | +23.2% | +18.8% | +13.9% | +27.2% | +22.7% | +40.4% | +17.4% | +19.1% | +10.7% | +5.0% | -8.9% | +8.3% | +39.0% | +59.8% | +1.2% | +6.1% |
| Cost of revenue | $3.20M | $10.74M | $12.95M | $14.85M | $18.29M | $3.92M | $5.01M | $3.35M | $6.08M | $11.20M | $15.81M | $18.18M | $27.18M | $29.62M | $30.26M | $13.43M | $28.64M | $94.85M | $131.33M | $100.43M |
| Gross profit | $5.98M | — | — | — | — | $17.80M | $19.73M | $28.13M | $32.55M | $43.04M | $47.85M | $57.65M | $56.79M | $58.57M | $50.11M | $73.60M | $92.35M | $98.44M | $64.38M | $107.28M |
| Gross margin | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 82.0% | 79.7% | 89.4% | 84.3% | 79.4% | 75.2% | 76.0% | 67.6% | 66.4% | 62.4% | 84.6% | 76.3% | 50.9% | 32.9% | 51.6% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $2.84M | — | — | — | — | $9.27M | $10.20M | $12.24M | $14.67M | $17.36M | $17.17M | $18.31M | $20.80M | $20.37M | $23.36M | $20.85M | $25.27M | $30.57M | $28.94M | $34.32M |
| Operating income | $3.96M | $1.11M | $-442000.00 | $-1.10M | $721000.00 | $3.20M | $1.87M | $7.34M | $6.74M | $13.87M | $18.31M | $25.13M | $21.15M | $22.94M | $7.30M | $33.86M | $47.98M | $48.04M | $13.33M | $48.49M |
| Operating margin | 66.3% | 10.3% | -3.4% | -7.4% | 3.9% | 14.7% | 7.6% | 23.3% | 17.4% | 25.6% | 28.8% | 33.1% | 25.2% | 26.0% | 9.1% | 38.9% | 39.7% | 24.9% | 6.8% | 23.3% |
| EBITDA | $3.96M | $1.30M | $-200000.00 | $-727000.00 | $1.17M | $3.74M | $2.48M | $8.01M | $7.98M | $15.56M | $20.04M | $26.64M | $22.89M | $26.32M | $10.58M | $37.44M | $51.35M | $51.67M | $17.10M | $52.58M |
| EBITDA margin | 66.3% | 12.1% | -1.5% | -4.9% | 6.4% | 17.2% | 10.0% | 25.4% | 20.6% | 28.7% | 31.5% | 35.1% | 27.3% | 29.8% | 13.2% | 43.0% | 42.4% | 26.7% | 8.7% | 25.3% |
| EBIT | $3.96M | $1.11M | $-442000.00 | $-1.10M | $721000.00 | $3.20M | $1.87M | $7.34M | $6.74M | $13.87M | $18.31M | $25.13M | $21.15M | $22.94M | $7.30M | $33.86M | $47.98M | $48.04M | $13.33M | $48.49M |
| Interest expense | $3.06M | — | — | — | $835000.00 | $2.87M | $3.19M | $2.77M | $3.93M | $7.97M | $11.90M | $16.84M | $23.74M | $29.19M | $22.65M | $13.49M | $23.20M | $93.99M | $108.71M | $99.39M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $512000.00 | $684000.00 | $-443000.00 | $-830000.00 | $507000.00 | $2.20M | $1.21M | $5.16M | $4.57M | $9.03M | $12.35M | $13.83M | $17.43M | $18.22M | $5.90M | $26.59M | $37.43M | $36.66M | $9.77M | $35.20M |
| Net income growth (YoY) | — | +33.6% | -164.8% | -87.4% | +161.1% | +334.7% | -44.9% | +325.1% | -11.5% | +97.7% | +36.8% | +12.0% | +26.1% | +4.5% | -67.6% | +350.3% | +40.8% | -2.0% | -73.4% | +260.3% |
| Profit margin | 8.6% | 6.4% | -3.4% | -5.6% | 2.8% | 10.1% | 4.9% | 16.4% | 11.8% | 16.6% | 19.4% | 18.2% | 20.8% | 20.7% | 7.3% | 30.5% | 30.9% | 19.0% | 5.0% | 16.9% |