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BWFGBankwell Financial Group, Inc.
$56.18$448M
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BWFG logoBankwell Financial Group, Inc.(BWFG)Earnings, Financials & Key Ratios

BWFG•NASDAQ•Banking & Credit
12.3× P/E·Price updated Jun 17, 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%

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.

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BWFG Price & Volume

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

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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
Metric
Actual
Est
EPS
$1.41+14.6%
$1.23
Rev
$30M+2.6%
$29M
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$1.15-4.2%
$1.20
Rev
$30M+8.1%
$28M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$1.27+24.5%
$1.02
Rev
$28M+0.7%
$28M
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$1.15+32.2%
$0.87
Rev
$26M-0.1%
$26M
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NBTB logoNBTBNBT Bancorp Inc.Direct Competitor2.42B46.3513.9210.36%18.76%9.51%0.17
CTBI logoCTBICommunity Trust Bancorp, Inc.Direct Competitor1.23B68.0812.548.86%23.96%11.96%0.46
NECB logoNECBNortheast Community Bancorp, Inc.Direct Competitor352.35M25.477.84-1.55%28.41%13.07%0.21
NFBK logoNFBKNorthfield Bancorp, Inc.Direct Competitor602.24M14.42728.28-26.69%0.3%0.11%1.44
DCOM logoDCOMDime Community Bancshares, Inc.Direct Competitor1.71B38.7616.3513.03%15.15%7.67%0.25
WSFS logoWSFSWSFS Financial CorporationProduct Competitor3.88B73.5414.45-3.05%21.14%10.65%0.11
KRNY logoKRNYKearny Financial Corp.Product Competitor527.59M8.3919.985.09%9.41%4.31%1.68
FFIC logoFFICFlushing Financial CorporationProduct Competitor524.18M15.4728.6511.06%3.86%2.67%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 NTRS

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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income
54.36M56.33M53.76M54.84M67.89M94.74M94.47M83.28M98.94M
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 Income
71.2M80.06M82.95M77.49M81.38M117.94M188.45M191.99M198.33M
Interest Expense
16.84M23.74M29.19M22.65M13.49M23.2M93.99M108.71M99.39M
Loan Loss Provision
1.34M3.44M437K7.61M-57K5.44M866K22.62M1.04M
Non-Interest Income
4.63M3.9M5.24M2.88M5.66M3.04M4.84M3.72M9.39M
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 Expense
32.52M35.63M35.63M42.81M39.74M44.36M50.4M51.05M58.79M
Efficiency Ratio
42.89%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 Tax
11.3M3.72M4.73M1.4M7.28M10.55M11.38M3.56M13.3M
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 Outstanding
7.67M7.78M7.79M7.75M7.76M7.64M7.65M7.74M7.83M

BWFG Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments
162.73M168.56M160.49M493.94M381.8M448.59M277.31M325.27M227.17M
Cash & Due from Banks
70.55M75.41M78.05M405.34M291.6M344.93M267.52M293.55M224.92M
Short Term Investments
92.19M93.15M82.44M88.61M90.2M103.66M9.78M31.71M2.25M
Total Investments
1.64B1.7B1.7B1.74B2B2.78B2.82B2.82B2.25M
Investments Growth %
12.9%4.13%-0.05%2.25%15.02%38.71%1.48%0.17%-99.92%
Long-Term Investments
1.54B1.61B1.62B1.65B1.91B2.67B2.81B2.79B0
Accounts Receivables
5.91M6.38M5.96M6.58M7.51M13.07M14.86M14.54M2.82B
Goodwill & Intangibles
2.97M2.88M2.8M2.67M2.59M2.59M2.59M2.59M2.59M
Goodwill
2.59M2.59M2.59M2.59M2.59M2.59M2.59M2.59M2.59M
Intangible Assets
382K290K214K76K00000
PP&E (Net)
18.2M19.77M28.52M21.76M25.59M27.2M27.02M23.86M21.58M
Other Assets
57.4M60.66M57.76M64.48M118.21M78.72M74.44M99.79M276.58M
Total Current Assets
168.64M174.94M166.45M500.52M389.31M461.66M292.17M339.8M3.05B
Total Non-Current Assets
1.63B1.7B1.72B1.75B2.07B2.79B2.92B2.93B312.11M
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 Payable
000000000
Total Debt
224.1M185.16M175.21M200.26M84.44M158.96M159.21M159.45M179.7M
Net Debt
153.56M109.74M97.16M-205.08M-207.16M-185.97M-108.32M-134.1M-45.22M
Long-Term Debt
224.1M185.16M175.21M200.26M84.44M158.96M159.21M159.45M69.7M
Short-Term Debt
00000000110M
Other Liabilities
00000053.77M50.94M1.38B
Total Current Liabilities
1.41B1.51B1.52B1.88B2.17B2.86B2.74B2.79B1.61B
Total Non-Current Liabilities
224.1M185.16M175.21M200.26M84.44M158.96M212.97M210.39M1.45B
Total Liabilities
1.64B1.7B1.7B2.08B2.25B3.01B2.95B3B3.06B
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 Share
20.9922.4023.4322.7926.0231.2134.7534.9638.52
Tangible BV per Share
20.6122.0323.0722.4525.6930.8734.4134.6338.19
Common Stock
118.3M120.53M120.59M121.34M118.15M115.02M118.25M119.11M120.12M
Additional Paid-in Capital
000000000
Retained Earnings
41.33M54.71M69.32M70.84M92.4M123.64M149.17M152.66M181.59M
Accumulated OCI
1.69M-1.04M-7.52M-15.57M-8.56M-189K-1.66M-1.24M-216K
Treasury Stock
000000000
Preferred Stock
000000000

BWFG Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
20.57M19.98M6.63M-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 Income
13.83M17.43M18.22M5.9M26.59M37.43M36.66M9.77M35.2M
Depreciation & Amortization
1.51M1.73M3.38M3.28M3.58M3.37M3.62M3.77M246K
Deferred Taxes
3.91M1.28M276K-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 Changes
615K-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 Investments
65.82M21.99M31.46M16.96M30.38M12.67M5.08M15.08M0
Net Investment Activity
-9.48M-4.39M19.15M-3.71M-3.22M-24.56M-4.86M-16.11M0
Acquisitions
000000000
Other Investing
-183.1M-66.87M182K-21.57M-271.07M-781.64M-41.39M-17.24M-164.18M
Cash from Financing
148.27M62.02M-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 Repurchases
00-988K-1.04M-5.08M-5.54M0-2.14M-1.33M
Stock Issued
000000000
Net Stock Activity
00-988K-1.04M-5.08M-5.54M0-2.14M-1.33M
Debt Issuance (Net)
1000K-1000K-1000K1000K-1000K1000K001000K
Other Financing
111.42M104.78M-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 Effect
000000000
Cash at Beginning
96.36M70.73M78.11M78.05M409.6M344.68M355.68M269.16M11.82M
Cash at End
70.73M78.11M78.05M409.6M344.68M355.68M269.16M307.52M21.72M
Interest Paid
16.58M18.66M23.94M23.04M14.01M17.79M86.04M108.71M99.39M
Income Taxes Paid
8.02M3.69M2.89M4.03M5.09M11.52M12.1M5.38M11.94M
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 Margin
3.01%3.03%3.01%2.86%2.43%2.76%2.91%2.94%2.55%2.94%
Efficiency Ratio
46.4%42.89%42.44%40.4%53.27%45.66%36.67%26.07%26.08%28.3%
Equity / Assets
8.96%8.96%9.3%9.69%7.84%8.22%7.33%8.26%8.28%8.97%
Book Value / Share
19.4820.9922.423.4322.7926.0231.2134.7534.9638.52
NII Growth
14.73%10.74%3.61%-4.55%2%23.8%39.56%-0.29%-11.84%18.8%
Dividend Payout
13.45%15.54%21.56%22.39%74.34%18.9%16.54%17.02%64.31%17.8%
Related:BWFG Dividend History·BWFG Revenue History·BWFG Price History·BWFG P/E History·BWFG Financial Ratios·BWFG Institutional Holders

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 1.46%. 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.

What if you invested $1,000 in BWFG back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

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How much would $100/month in BWFG be worth today?

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