Bankwell Financial Group, Inc. (BWFG) Revenue History
Annual and quarterly revenue from 2003 to present
BWFG Revenue Over Time (2003–2025)
BWFG Revenue Growth History
19 of 20 years with positive growth- FY2003 revenue growth
- N/A
- FY2004 revenue growth
- +25.0%
- FY2007 revenue growth
- +140.2%
- FY2008 revenue growth
- +20.5%
- FY2009 revenue growth
- +14.6%
- FY2010 revenue growth
- +23.2%
- FY2011 revenue growth
- +18.8%
- FY2012 revenue growth
- +13.9%
- FY2013 revenue growth
- +27.2%
- FY2014 revenue growth
- +22.7%
- FY2015 revenue growth
- +40.4%
- FY2016 revenue growth
- +17.4%
- FY2017 revenue growth
- +19.1%
- FY2018 revenue growth
- +10.7%
- FY2019 revenue growth
- +5.0%
- FY2020 revenue growth
- -8.9%
- FY2021 revenue growth
- +8.3%
- FY2022 revenue growth
- +39.0%
- FY2023 revenue growth
- +59.8%
- FY2024 revenue growth
- +1.2%
- FY2025 revenue growth
- +6.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $54.0M | — |
| Q3 2025 | $53.1M | — |
| Q2 2025 | $50.7M | — |
| Q1 2025 | $50.0M | — |
| Q4 2024 | $48.8M | — |
| Q3 2024 | $49.3M | — |
| Q2 2024 | $48.4M | — |
| Q1 2024 | $49.2M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2019)
BWFG's revenue distribution by segment and geography for fiscal year 2019
By Product/Segment
BWFG Revenue Analysis (2003–2025)
Current Revenue & Growth
As of June 21, 2026, Bankwell Financial Group, Inc. (BWFG) generated trailing twelve-month (TTM) revenue of $207.7 million, reflecting strong growth of +10.6% year-over-year. The most recent quarter (Q4 2025) recorded $54.0 million in revenue, up 1.7% sequentially.
Historical Growth Trajectory
BWFG's 5-year compound annual growth rate (CAGR) stands at +20.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +19.7% is below the 5-year average, signalling a growth deceleration in recent years. Bankwell Financial Group, Inc.'s highest annual revenue of $207.7 million was recorded in 2025, an all-time high.
Revenue by Segment
BWFG's revenue is primarily driven by Service Charges and Fees (100%). With over half of revenue concentrated in Service Charges and Fees, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including NBTB, CTBI, and NECB. Compare BWFG vs NBTB →
BWFG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BWFGCurrent | $208M | +10.6% | +20.9% | 23.3% | |
 NBTB | $867M | - | - | 25.3% | |
 CTBI | $409M | - | - | 31.0% | |
 NECB | $157M | - | - | 39.6% | |
 NFBK | $184M | - | - | 9.3% | |
 DCOM | $730M | - | - | 21.5% |
BWFG Historical Revenue Data (2003–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $207.7M | - | $107.3M | 51.6% | $48.5M | 23.3% |
| 2024 | $195.7M | - | $64.4M | 32.9% | $13.3M | 6.8% |
| 2023 | $193.3M | - | $98.4M | 50.9% | $48.0M | 24.9% |
| 2022 | $121.0M | - | $92.3M | 76.3% | $48.0M | 39.7% |
| 2021 | $87.0M | - | $73.6M | 84.6% | $33.9M | 38.9% |
| 2020 | $80.4M | - | $50.1M | 62.4% | $7.3M | 9.1% |
| 2019 | $88.2M | - | $58.6M | 66.4% | $22.9M | 26.0% |
| 2018 | $84.0M | - | $56.8M | 67.6% | $21.2M | 25.2% |
| 2017 | $75.8M | - | $57.7M | 76.0% | $25.1M | 33.1% |
| 2016 | $63.7M | - | $47.9M | 75.2% | $18.3M | 28.8% |
| 2015 | $54.2M | - | $43.0M | 79.4% | $13.9M | 25.6% |
| 2014 | $38.6M | - | $32.5M | 84.3% | $6.7M | 17.4% |
| 2013 | $31.5M | - | $28.1M | 89.4% | $7.3M | 23.3% |
| 2012 | $24.7M | - | $19.7M | 79.7% | $1.9M | 7.6% |
| 2011 | $21.7M | - | $17.8M | 82.0% | $3.2M | 14.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BWFG — Frequently Asked Questions
Quick answers to the most common questions about buying BWFG stock.
Is BWFG's revenue growth accelerating or slowing?
BWFG revenue growth is holding steady at +10.6% year-over-year. TTM revenue is $208M. The current growth rate closely tracks the 5-year CAGR of +20.9%, signalling consistent execution.
What is BWFG's revenue history from 2003 to 2026?
Bankwell Financial Group, Inc. (BWFG) revenue history spans 2003 to 2026. TTM revenue as of 2026 is $208M, growing at +10.6% YoY. The 5-year CAGR is +20.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BWFG's long-term revenue growth rate (CAGR)?
Bankwell Financial Group, Inc.'s 5-year revenue CAGR of +20.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BWFG.
Why does BWFG's quarterly revenue fluctuate?
BWFG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Bankwell Financial Group, Inc.'s revenue data from 2003 to 2026 shows full historical quarterly detail on this page.
How is BWFG's revenue distributed by segment?
BWFG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BWFG's revenue compare to industry peers?
Bankwell Financial Group, Inc. (BWFG) with TTM revenue of $208M and +10.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.