Bankwell Financial Group Inc (BWFG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BWFG SEC filings page.
Bankwell Financial Group Inc (BWFG) reported $121.8M in revenue over the twelve months to Jun 30, 2026, up 31.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The bank’s 2025 earnings recovered, but its asset base remains financed mostly by liabilities rather than shareholder capital.
Net income rebounded from$9.8M in FY2024 to$35.2M in FY2025. ROA recovery from0.3% to1.1% shows the 2024 trough was not sustained, although profitability has not returned to its earlier level.
The balance sheet remains liability-funded: reported debt-to-equity fell from 12.6x in FY2022 to 10.1x in FY2025, but still indicates substantial leverage. Equity reached
Cash conversion broadly follows earnings: FY2025 operating cash flow was
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bankwell Financial Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bankwell Financial Group Inc earned a return on assets of 1.1% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.3% the prior year. Earnings ranks banks on that return over three years, and Bankwell Financial Group Inc scores 47/100 among other banks.
Bankwell Financial Group Inc reported revenue of $108.3M in fiscal year 2025, against $87.0M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Bankwell Financial Group Inc scores 34/100 among other banks.
Bankwell Financial Group Inc funded 9.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $301.5M of equity against $3.4B of assets. Capital ranks banks on that cushion, and Bankwell Financial Group Inc scores 17/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Bankwell Financial Group Inc scores 82/100 on it among other banks.
Not available for Bankwell Financial Group Inc, and counted as zero in the overall score.
Bankwell Financial Group Inc reported net income of $35.2M in fiscal year 2025, against $9.8M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Bankwell Financial Group Inc scores 40/100 among other banks.
Bankwell Financial Group Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Bankwell Financial Group Inc generates $0.80 in operating cash flow ($28.3M OCF vs $35.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Bankwell Financial Group Inc generated $32.8M in revenue in Q2 2026. This represents an increase of 26.3% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
Bankwell Financial Group Inc reported $12.4M in net income in Q2 2026. This represents an increase of 36.1% from the same quarter a year earlier. Against the prior quarter it is up 9.7%.
Bankwell Financial Group Inc earned $1.52 per diluted share (EPS) in Q2 2026. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
Bankwell Financial Group Inc generated $10.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 64.7% from the same quarter a year earlier. Against the prior quarter it is up 38.3%.
Bankwell Financial Group Inc held $203.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Bankwell Financial Group Inc paid $0.20 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Bankwell Financial Group Inc's net profit margin was 37.7% in Q2 2026, showing the share of revenue converted to profit. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Bankwell Financial Group Inc's ROE was 3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Bankwell Financial Group Inc repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Bankwell Financial Group Inc invested $191K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 49.5% from the same quarter a year earlier. Against the prior quarter it is down 59.4%.
Not reported for Q2 2026.
BWFG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.8M+26.3% | $30.2M+28.2% | $30.3M+43.3% | $28.5M+30.2% | $25.9M+18.5% | $23.6M+6.8% | $21.2M-9.5% | $21.9M-6.8% |
| SG&A Expenses | $8.7M+15.4% | $9.8M+39.4% | $7.7M+52.6% | $8.0M+28.5% | $7.5M+21.8% | $7.1M+12.1% | $5.1M-17.0% | $6.2M+3.1% |
| Interest Expense | $22.7M-8.0% | $23.6M-10.5% | $23.7M-14.4% | $24.6M-10.4% | $24.7M-6.6% | $26.4M-2.7% | $27.6M+1.8% | $27.5M+7.4% |
| Income Tax | $3.9M+44.1% | $3.1M+48.8% | $5.1M+363.8% | $3.4M+332.7% | $2.7M+665.4% | $2.1M+57.6% | $1.1M-62.7% | $786K-74.4% |
| Net Income | $12.4M+36.1% | $11.3M+63.7% | $9.1M+208.6% | $10.1M+423.3% | $9.1M+712.9% | $6.9M+83.0% | $3.0M-65.2% | $1.9M-80.3% |
| EPS (Basic) | $1.55+34.8% | $1.42+61.4% | $1.16+205.3% | $1.28+433.3% | $1.15+721.4% | $0.88+83.3% | $0.38-65.5% | $0.24-80.8% |
| EPS (Diluted) | $1.52+33.3% | $1.41+62.1% | $1.16+213.5% | $1.27+429.2% | $1.14+714.3% | $0.87+81.3% | $0.37-66.1% | $0.24-80.8% |
| Diluted Shares (Avg) | 8M+2.1% | 8M+0.8% | N/A | 8M+1.6% | 8M+1.2% | 8M+0.7% | N/A | 8M+1.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
BWFG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.5B+7.4% | $3.4B+6.0% | $3.4B+2.8% | $3.2B+2.6% | $3.2B+3.0% | $3.2B+0.9% | $3.3B+1.6% | $3.2B-2.7% |
| Cash & Equivalents | $203.4M-36.9% | $217.9M-28.5% | $224.9M-26.9% | $295.4M+1.4% | $322.5M+28.3% | $304.9M+23.1% | $307.5M+14.3% | $291.3M+12.9% |
| Short-Term Investments | $205.6M+44.2% | $187.6M+38.0% | $192.1M+31.5% | $128.2M-12.1% | $142.6M+3.3% | $136.0M+7.7% | $146.1M+14.5% | $145.9M+26.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% |
| Total Liabilities | $3.2B+6.7% | $3.1B+5.3% | $3.1B+2.0% | $3.0B+2.0% | $3.0B+2.7% | $2.9B+0.7% | $3.0B+1.6% | $2.9B-3.3% |
| Total Equity | $323.5M+14.2% | $311.9M+13.3% | $301.5M+11.4% | $292.8M+9.3% | $283.3M+6.1% | $275.2M+2.7% | $270.5M+1.8% | $267.9M+3.9% |
| Retained Earnings | $202.1M+22.1% | $191.3M+21.1% | $181.6M+19.0% | $174.0M+15.0% | $165.5M+9.7% | $158.0M+4.4% | $152.7M+2.3% | $151.3M+6.4% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BWFG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.2M+58.0% | $7.7M+96.8% | $7.5M-47.3% | $10.3M+1954.6% | $6.5M-9.5% | $3.9M-56.5% | $14.3M+2816.3% | -$557K-104.4% |
| Depreciation & Amortization | $1.1M+6.7% | $1.1M+13.4% | $1.1M+10.3% | $1.0M+11.0% | $1.0M+7.7% | $974K+3.6% | $970K+3.2% | $934K+3.4% |
| Stock-Based Compensation | N/A | $1.1M+349.4% | N/A | N/A | N/A | $243K-77.4% | N/A | N/A |
| Capital Expenditures | $191K-49.5% | $470K+384.5% | $265K+476.1% | $404K+251.3% | $378K+2.4% | $97K+16.9% | $46K-81.3% | $115K-20.1% |
| Free Cash Flow | $10.0M+64.7% | $7.3M+89.5% | $7.3M-49.0% | $9.9M+1577.1% | $6.1M-10.1% | $3.8M-57.2% | $14.3M+1945.9% | -$672K-105.3% |
| Investing Cash Flow | -$108.4M-252.2% | -$18.8M-122.6% | -$183.5M-91.2% | -$34.0M-305.9% | -$30.8M-398.6% | $83.1M+136.2% | -$96.0M-313.2% | $16.5M+222.0% |
| Financing Cash Flow | $83.7M+100.0% | $4.0M+104.5% | $105.5M+7.8% | -$3.4M-114.3% | $41.9M+405.3% | -$89.6M-36.3% | $97.8M+392.7% | $24.0M+210.1% |
| Dividends Paid | $1.6M+1.0% | $1.6M+0.5% | $1.6M+0.1% | $1.6M+0.1% | $1.6M-0.6% | $1.6M-0.6% | $1.6M+0.3% | $1.6M+0.3% |
| Share Buybacks | $0-100.0% | $150K-83.6% | $0 | $0-100.0% | $422K-57.2% | $912K-0.9% | $0 | $231K |
BWFG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 37.7%+2.7pp | 37.3%+8.1pp | 30.2%+16.2pp | 35.4%+26.6pp | 35.0%+29.9pp | 29.2%+12.2pp | 14.0%-22.5pp | 8.8%-32.8pp |
| Return on Equity | 3.8%+0.6pp | 3.6%+1.1pp | 3.0%+1.9pp | 3.4%+2.7pp | 3.2%+2.8pp | 2.5%+1.1pp | 1.1%-2.1pp | 0.7%-3.1pp |
| Return on Assets | 0.4%+0.1pp | 0.3%+0.1pp | 0.3%+0.2pp | 0.3%+0.3pp | 0.3%+0.2pp | 0.2%+0.1pp | 0.1%-0.2pp | 0.1%-0.2pp |
| Debt-to-Equity | 9.74-0.7x | 9.82-0.8x | 10.14-0.9x | 10.08-0.7x | 10.43-0.3x | 10.57-0.2x | 11.080.0x | 10.80-0.8x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 30.6%+7.1pp | 24.0%+7.8pp | 24.0%-43.4pp | 34.8%+37.9pp | 23.5%-7.5pp | 16.2%-24.3pp | 67.4%+70.7pp | -3.1%-56.6pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Bankwell Financial Group Inc BWFG | FY2025 | $108.3M | $35.2M | 32.5% | $527.3M | 37/100 |
| Farmers & Merchants Bancorp, Inc. FMAO | FY2025 | $121.4M | $33.3M | 27.4% | $488.8M | 44/100 |
| USCB Financial Holdings, Inc. USCB | FY2025 | $90.2M | $26.1M | 28.9% | $416.6M | 58/100 |
| Greene County Bancorp Inc GCBC | FY2026 | $92.6M | $41.0M | 44.3% | $583.3M | 65/100 |
| Blue Ridge Bankshares, Inc. BRBS | FY2025 | $91.7M | $10.7M | 11.7% | $352.5M | 24/100 |
| Orange County Bancorp, Inc. OBT | FY2025 | $127.2M | $41.6M | 32.7% | $505.9M | 57/100 |
Where Bankwell Financial Group Inc Ranks
Frequently Asked Questions
What is Bankwell Financial Group Inc's annual revenue?
Bankwell Financial Group Inc (BWFG) reported $108.3M in total revenue for fiscal year 2025. This represents a 24.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bankwell Financial Group Inc's revenue growing?
Bankwell Financial Group Inc (BWFG) revenue grew by 24.5% year-over-year, from $87.0M to $108.3M in fiscal year 2025.
Is Bankwell Financial Group Inc profitable?
Yes, Bankwell Financial Group Inc (BWFG) reported a net income of $35.2M in fiscal year 2025, with a net profit margin of 32.5%.
What is Bankwell Financial Group Inc's net profit margin?
Bankwell Financial Group Inc (BWFG) had a net profit margin of 32.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Bankwell Financial Group Inc pay dividends?
Yes, Bankwell Financial Group Inc (BWFG) paid $0.80 per share in dividends during fiscal year 2025.
What is Bankwell Financial Group Inc's return on equity (ROE)?
Bankwell Financial Group Inc (BWFG) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bankwell Financial Group Inc's free cash flow?
Bankwell Financial Group Inc (BWFG) generated $27.1M in free cash flow during fiscal year 2025. This represents a -7.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bankwell Financial Group Inc's operating cash flow?
Bankwell Financial Group Inc (BWFG) generated $28.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bankwell Financial Group Inc's total assets?
Bankwell Financial Group Inc (BWFG) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bankwell Financial Group Inc's capital expenditures?
Bankwell Financial Group Inc (BWFG) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bankwell Financial Group Inc's debt-to-equity ratio?
Bankwell Financial Group Inc (BWFG) had a debt-to-equity ratio of 10.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bankwell Financial Group Inc's return on assets (ROA)?
Bankwell Financial Group Inc (BWFG) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bankwell Financial Group Inc's P/E ratio?
Bankwell Financial Group Inc (BWFG) trades at 12.3x earnings, its market capitalization divided by net income of $42.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $527.3M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bankwell Financial Group Inc's price-to-sales ratio?
Bankwell Financial Group Inc (BWFG) trades at 4.3x sales, its market capitalization divided by revenue of $121.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $527.3M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Bankwell Financial Group Inc's Piotroski F-Score?
Bankwell Financial Group Inc (BWFG) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bankwell Financial Group Inc's earnings high quality?
Bankwell Financial Group Inc (BWFG) has an earnings quality ratio of 0.80x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Bankwell Financial Group Inc?
Bankwell Financial Group Inc (BWFG) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.