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BWFG logoBankwell Financial Group, Inc.(BWFG)Earnings, Financials & Key Ratios

BWFG•NASDAQ•Banking & Credit
$52.01
$415M mkt cap·11.7× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial real estate and multifamily lenders
AboutBankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit. It operates branches in New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.Show more
  • Net Interest Income$99M+18.8%
  • Total Revenue$208M+6.1%
  • Net Income$35M+260.3%
  • Return on Equity12.31%+237.8%
  • Net Interest Margin2.94%+15.6%
  • Efficiency Ratio28.3%+8.5%
  • ROA1.06%+252.4%
  • Equity / Assets8.97%+8.4%
  • Book Value per Share38.52+10.2%
  • Tangible BV/Share38.19+10.3%
  • Debt/Equity0.60+1.1%
Technical→

BWFG Key Insights

Bankwell Financial Group, Inc. (BWFG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 42.9%
  • ✓Efficient operations: 28.3% efficiency ratio
  • ✓Trading near 52-week high
  • ✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BWFG Price & Volume

Bankwell Financial Group, Inc. (BWFG) stock price & volume — 10-year historical chart

Loading chart...

BWFG Growth Metrics

Bankwell Financial Group, Inc. (BWFG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years14.37%
5 Years20.91%
3 Years19.74%
TTM-

Profit CAGR

10 Years14.57%
5 Years42.91%
3 Years-2.03%
TTM260.27%

EPS CAGR

10 Years13.91%
5 Years42.78%
3 Years-2.42%
TTM260.98%

Return on Capital

10 Years6.95%
5 Years8.47%
3 Years6.03%
Last Year4.35%

BWFG Recent Earnings

Bankwell Financial Group, Inc. (BWFG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (73%)●Beat Revenue 7/12 qtrs (64%)
Q2 2026Latest
Apr 22, 2026
EPS
$1.41
Est $1.23
+14.6%
Revenue
$30M
Est $29M
+2.6%
Q1 2026
Jan 29, 2026
EPS
$1.15
Est $1.20
-4.2%
Revenue
$30M
Est $28M
+8.1%
Q4 2025
Oct 23, 2025
EPS
$1.27
Est $1.02
+24.5%
Revenue
$28M
Est $28M
+0.7%
Q3 2025
Jul 28, 2025
EPS
$1.15
Est $0.87
+32.2%
Revenue
$26M
Est $26M
-0.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$1.41vs $1.23+14.6%
$30Mvs $29M+2.6%
Q1 2026Jan 29, 2026
$1.15vs $1.20-4.2%
$30Mvs $28M+8.1%
Q4 2025Oct 23, 2025
$1.27vs $1.02+24.5%
$28Mvs $28M+0.7%
Q3 2025Jul 28, 2025
$1.15vs $0.87+32.2%
$26Mvs $26M-0.1%
Based on last 12 quarters of dataView full earnings history →

BWFG Peer Comparison

Bankwell Financial Group, Inc. (BWFG) competitors in Commercial real estate and multifamily lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NBTB logoNBTBNBT Bancorp Inc.Direct Competitor2.33B44.6913.4210.36%19.51%9.51%9.38%0.17
CTBI logoCTBICommunity Trust Bancorp, Inc.Direct Competitor1.19B65.9114.3015.23%22.02%11.22%8.13%0.42
NECB logoNECBNortheast Community Bancorp, Inc.Direct Competitor334.37M24.177.44-1.55%28.22%13.07%15.21%0.21
NFBK logoNFBKNorthfield Bancorp, Inc.Direct Competitor592.46M14.1719.6813.88%11.91%5.48%5.06%1.08
DCOM logoDCOMDime Community Bancshares, Inc.Direct Competitor1.6B36.2515.3013.03%15.15%7.67%11.42%0.25
WSFS logoWSFSWSFS Financial CorporationProduct Competitor3.79B71.8514.12-3.05%21.14%10.65%5.64%0.11
KRNY logoKRNYKearny Financial Corp.Product Competitor510.61M8.1219.335.09%7.59%4.31%4.19%1.68
FFIC logoFFICFlushing Financial CorporationProduct Competitor547.56M16.1629.9311.06%4.17%2.67%10.19%0.84

Compare BWFG vs Peers

Bankwell Financial Group, Inc. (BWFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NBTB

Most directly comparable listed peer for BWFG.

Scale Benchmark

vs FISV

Larger-name benchmark to compare BWFG against a more recognizable public peer.

Peer Set

Compare Top 5

vs NBTB, CTBI, NECB, NFBK

BWFG Income Statement

Bankwell Financial Group, Inc. (BWFG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income54.36M56.33M53.76M54.84M67.89M94.74M94.47M83.28M98.94M
NII Growth %10.74%3.61%-4.55%2%23.8%39.56%-0.29%-11.84%18.8%
Net Interest Margin %3.03%3.01%2.86%2.43%2.76%2.91%2.94%2.55%2.94%
Interest Income71.2M80.06M82.95M77.49M81.38M117.94M188.45M191.99M198.33M
Interest Expense16.84M23.74M29.19M22.65M13.49M23.2M93.99M108.71M99.39M
Loan Loss Provision1.34M3.44M437K7.61M-57K5.44M866K22.62M1.04M
Non-Interest Income4.63M3.9M5.24M2.88M5.66M3.04M4.84M3.72M9.39M
Non-Interest Income %6.1%4.64%5.95%3.59%6.5%2.51%2.5%1.9%4.52%
Total Revenue
75.83M▲ 0%
83.96M▲ 10.7%
88.19M▲ 5.0%
80.37M▼ 8.9%
87.03M▲ 8.3%
120.98M▲ 39.0%
193.3M▲ 59.8%
195.71M▲ 1.2%
207.72M▲ 6.1%
Revenue Growth %19.11%10.73%5.04%-8.87%8.29%39.01%59.77%1.25%6.13%
Non-Interest Expense32.52M35.63M35.63M42.81M39.74M44.36M50.4M51.05M58.79M
Efficiency Ratio42.89%42.44%40.4%53.27%45.66%36.67%26.07%26.08%28.3%
Operating Income
25.13M▲ 0%
21.15M▼ 15.8%
22.94M▲ 8.5%
7.3M▼ 68.2%
33.86M▲ 363.8%
47.98M▲ 41.7%
48.04M▲ 0.1%
13.33M▼ 72.3%
48.49M▲ 263.8%
Operating Margin %33.14%25.19%26.01%9.08%38.91%39.66%24.85%6.81%23.35%
Operating Income Growth %37.24%-15.82%8.46%-68.18%363.79%41.71%0.13%-72.26%263.83%
Pretax Income
25.13M▲ 0%
21.15M▼ 15.8%
22.94M▲ 8.5%
7.3M▼ 68.2%
33.86M▲ 363.8%
47.98M▲ 41.7%
48.04M▲ 0.1%
13.33M▼ 72.3%
48.49M▲ 263.8%
Pretax Margin %33.14%25.19%26.01%9.08%38.91%39.66%24.85%6.81%23.35%
Income Tax11.3M3.72M4.73M1.4M7.28M10.55M11.38M3.56M13.3M
Effective Tax Rate %44.96%17.59%20.6%19.13%21.48%22%23.69%26.7%27.42%
Net Income
13.83M▲ 0%
17.43M▲ 26.1%
18.22M▲ 4.5%
5.9M▼ 67.6%
26.59M▲ 350.3%
37.43M▲ 40.8%
36.66M▼ 2.0%
9.77M▼ 73.4%
35.2M▲ 260.3%
Net Margin %18.24%20.76%20.65%7.35%30.55%30.94%18.97%4.99%16.95%
Net Income Growth %11.98%26.05%4.49%-67.59%350.3%40.78%-2.05%-73.35%260.27%
Net Income (Continuing)13.83M17.43M18.22M5.9M26.59M37.43M36.66M9.77M35.2M
EPS (Diluted)
1.78▲ 0%
2.21▲ 24.2%
2.31▲ 4.5%
0.75▼ 67.5%
3.36▲ 348.0%
4.79▲ 42.6%
4.67▼ 2.5%
1.23▼ 73.7%
4.45▲ 261.8%
EPS Growth %9.88%24.16%4.52%-67.53%348%42.56%-2.51%-73.66%261.79%
EPS (Basic)1.802.232.320.753.384.844.711.244.49
Diluted Shares Outstanding7.67M7.78M7.79M7.75M7.76M7.64M7.65M7.74M7.83M

BWFG Balance Sheet

Bankwell Financial Group, Inc. (BWFG) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments162.73M168.56M160.49M493.94M381.8M448.59M277.31M325.27M227.17M
Cash & Due from Banks70.55M75.41M78.05M405.34M291.6M344.93M267.52M293.55M224.92M
Short Term Investments92.19M93.15M82.44M88.61M90.2M103.66M9.78M31.71M2.25M
Total Investments1.64B1.7B1.7B1.74B2B2.78B2.82B2.82B2.25M
Investments Growth %12.9%4.13%-0.05%2.25%15.02%38.71%1.48%0.17%-99.92%
Long-Term Investments1.54B1.61B1.62B1.65B1.91B2.67B2.81B2.79B0
Accounts Receivables5.91M6.38M5.96M6.58M7.51M13.07M14.86M14.54M2.82B
Goodwill & Intangibles2.97M2.88M2.8M2.67M2.59M2.59M2.59M2.59M2.59M
Goodwill2.59M2.59M2.59M2.59M2.59M2.59M2.59M2.59M2.59M
Intangible Assets382K290K214K76K00000
PP&E (Net)18.2M19.77M28.52M21.76M25.59M27.2M27.02M23.86M21.58M
Other Assets57.4M60.66M57.76M64.48M118.21M78.72M74.44M99.79M276.58M
Total Current Assets168.64M174.94M166.45M500.52M389.31M461.66M292.17M339.8M3.05B
Total Non-Current Assets1.63B1.7B1.72B1.75B2.07B2.79B2.92B2.93B312.11M
Total Assets
1.8B▲ 0%
1.87B▲ 4.3%
1.88B▲ 0.5%
2.25B▲ 19.7%
2.46B▲ 9.0%
3.25B▲ 32.4%
3.22B▼ 1.1%
3.27B▲ 1.6%
3.36B▲ 2.8%
Asset Growth %10.29%4.29%0.45%19.74%8.99%32.41%-1.14%1.65%2.8%
Return on Assets (ROA)0.81%0.95%0.97%0.29%1.13%1.31%1.13%0.3%1.06%
Accounts Payable000000000
Total Debt224.1M185.16M175.21M200.26M84.44M158.96M159.21M159.45M179.7M
Net Debt153.56M109.74M97.16M-205.08M-207.16M-185.97M-108.32M-134.1M-45.22M
Long-Term Debt224.1M185.16M175.21M200.26M84.44M158.96M159.21M159.45M69.7M
Short-Term Debt00000000110M
Other Liabilities00000053.77M50.94M1.38B
Total Current Liabilities1.41B1.51B1.52B1.88B2.17B2.86B2.74B2.79B1.61B
Total Non-Current Liabilities224.1M185.16M175.21M200.26M84.44M158.96M212.97M210.39M1.45B
Total Liabilities1.64B1.7B1.7B2.08B2.25B3.01B2.95B3B3.06B
Total Equity
161.03M▲ 0%
174.2M▲ 8.2%
182.4M▲ 4.7%
176.6M▼ 3.2%
201.99M▲ 14.4%
238.47M▲ 18.1%
265.75M▲ 11.4%
270.52M▲ 1.8%
301.49M▲ 11.4%
Equity Growth %10.37%8.18%4.71%-3.18%14.37%18.06%11.44%1.79%11.45%
Equity / Assets (Capital Ratio)8.96%9.3%9.69%7.84%8.22%7.33%8.26%8.28%8.97%
Return on Equity (ROE)9.01%10.4%10.22%3.29%14.04%17%14.54%3.64%12.31%
Book Value per Share20.9922.4023.4322.7926.0231.2134.7534.9638.52
Tangible BV per Share20.6122.0323.0722.4525.6930.8734.4134.6338.19
Common Stock118.3M120.53M120.59M121.34M118.15M115.02M118.25M119.11M120.12M
Additional Paid-in Capital000000000
Retained Earnings41.33M54.71M69.32M70.84M92.4M123.64M149.17M152.66M181.59M
Accumulated OCI1.69M-1.04M-7.52M-15.57M-8.56M-189K-1.66M-1.24M-216K
Treasury Stock000000000
Preferred Stock000000000

BWFG Cash Flow Statement

Bankwell Financial Group, Inc. (BWFG) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations20.57M19.98M6.63M-1.51M34.56M82.67M31.93M29.94M27.27M
Operating CF Growth %18.42%-2.89%-66.81%-122.8%2385.58%139.22%-61.38%-6.24%-8.91%
Net Income13.83M17.43M18.22M5.9M26.59M37.43M36.66M9.77M35.2M
Depreciation & Amortization1.51M1.73M3.38M3.28M3.58M3.37M3.62M3.77M246K
Deferred Taxes3.91M1.28M276K-3.52M1.7M-1.96M-191K-469K0
Other Non-Cash Items-211K1.46M-2.63M8.77M-2.92M3.8M-2.02M21.15M-3.89M
Working Capital Changes615K-3.22M-13.63M-17.72M3.78M37.67M-9.23M-7.29M-6.63M
Cash from Investing-194.46M-74.61M18.69M-21.94M-270.02M-811.16M-48.3M-33.96M-164.18M
Purchase of Investments-75.31M-26.38M-12.31M-20.67M-33.59M-37.23M-9.95M-31.19M0
Sale/Maturity of Investments65.82M21.99M31.46M16.96M30.38M12.67M5.08M15.08M0
Net Investment Activity-9.48M-4.39M19.15M-3.71M-3.22M-24.56M-4.86M-16.11M0
Acquisitions000000000
Other Investing-183.1M-66.87M182K-21.57M-271.07M-781.64M-41.39M-17.24M-164.18M
Cash from Financing148.27M62.02M-25.38M355M170.55M739.49M-70.15M42.39M54.31M
Dividends Paid-2.15M-3.76M-4.08M-4.39M-5.03M-6.19M-6.24M-6.28M-6.27M
Share Repurchases00-988K-1.04M-5.08M-5.54M0-2.14M-1.33M
Stock Issued000000000
Net Stock Activity00-988K-1.04M-5.08M-5.54M0-2.14M-1.33M
Debt Issuance (Net)1000K-1000K-1000K1000K-1000K1000K001000K
Other Financing111.42M104.78M-10.31M335.43M296.74M676.87M-63.91M50.81M41.91M
Net Change in Cash
-25.62M▲ 0%
7.38M▲ 128.8%
-61K▼ 100.8%
331.55M▲ 543619.7%
-64.92M▼ 119.6%
11M▲ 116.9%
-86.52M▼ 886.8%
38.37M▲ 144.3%
9.9M▼ 74.2%
Exchange Rate Effect000000000
Cash at Beginning96.36M70.73M78.11M78.05M409.6M344.68M355.68M269.16M11.82M
Cash at End70.73M78.11M78.05M409.6M344.68M355.68M269.16M307.52M21.72M
Interest Paid16.58M18.66M23.94M23.04M14.01M17.79M86.04M108.71M99.39M
Income Taxes Paid8.02M3.69M2.89M4.03M5.09M11.52M12.1M5.38M11.94M
Free Cash Flow
18.7M▲ 0%
16.63M▼ 11.1%
5.99M▼ 64.0%
1.82M▼ 69.5%
38.81M▲ 2026.8%
77.71M▲ 100.2%
29.88M▼ 61.5%
29.32M▼ 1.9%
26.13M▼ 10.9%
FCF Growth %108.43%-11.08%-64%-69.51%2026.85%100.21%-61.55%-1.87%-10.91%

BWFG Banking Ratios

Bankwell Financial Group, Inc. (BWFG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)8.9%9.01%10.4%10.22%3.29%14.04%17%14.54%3.64%12.31%
Return on Assets (ROA)0.83%0.81%0.95%0.97%0.29%1.13%1.31%1.13%0.3%1.06%
Net Interest Margin3.01%3.03%3.01%2.86%2.43%2.76%2.91%2.94%2.55%2.94%
Efficiency Ratio46.4%42.89%42.44%40.4%53.27%45.66%36.67%26.07%26.08%28.3%
Equity / Assets8.96%8.96%9.3%9.69%7.84%8.22%7.33%8.26%8.28%8.97%
Book Value / Share19.4820.9922.423.4322.7926.0231.2134.7534.9638.52
NII Growth14.73%10.74%3.61%-4.55%2%23.8%39.56%-0.29%-11.84%18.8%
Dividend Payout13.45%15.54%21.56%22.39%74.34%18.9%16.54%17.02%64.31%17.8%

BWFG SEC Filings & Documents

Bankwell Financial Group, Inc. (BWFG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Jan 29, 2026·SEC

Material company update

Oct 23, 2025·SEC

10-K Annual Reports

2
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 5, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

BWFG Frequently Asked Questions

Bankwell Financial Group, Inc. (BWFG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bankwell Financial Group, Inc. (BWFG) grew revenue by 6.1% over the past year. This is steady growth.

Yes, Bankwell Financial Group, Inc. (BWFG) is profitable, generating $35.2M in net income for fiscal year 2025 (16.9% net margin).

Dividend & Returns

Yes, Bankwell Financial Group, Inc. (BWFG) pays a dividend with a yield of 1.54%. This makes it attractive for income-focused investors.

Bankwell Financial Group, Inc. (BWFG) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

Industry Metrics

Bankwell Financial Group, Inc. (BWFG) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Bankwell Financial Group, Inc. (BWFG) has an efficiency ratio of 28.3%. This is excellent, indicating strong cost control.

Explore More BWFG

Bankwell Financial Group, Inc. (BWFG) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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