Bankwell Financial Group (BWFG) Financial Statements & Analysis

Bankwell Financial Group (BWFG) Income Statement

Bankwell Financial Group reported revenue of $207.72M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.1% from $195.71M a year earlier. Net income was $35.20M, up 260.3% year over year, a net margin of 16.9%. Gross margin was 51.6% and operating margin 23.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $55.52M, up 114.0% from the same quarter a year earlier.

Bankwell Financial Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Bankwell Financial Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	207.72	195.71	98.44	120.99	73.54	80.37	88.19	83.96	75.83
Cost of Revenue	100.43	131.33	94.85	28.64	13.43	30.26	29.62	27.18	18.18
Gross Profit	107.28	64.38	98.44	92.35	73.60	50.11	58.57	56.79	57.65
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	34.93	29.39	15.74	25.64	21.26	23.99	21.34	22.38	19.51
Operating Expenses	58.79	51.05	50.40	44.36	39.74	42.81	35.63	35.63	32.52
Operating Income	48.50	13.33	48.04	47.98	33.86	7.30	22.94	21.15	25.13
Other Income/Expense
Interest Income	198.33	191.99	188.45	117.95	81.38	77.49	82.95	80.06	71.20
Interest Expense	99.39	108.71	93.99	23.20	13.49	22.65	29.19	23.74	16.84
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	48.50	13.33	48.04	47.98	33.86	7.30	22.94	21.15	25.13
Income Tax Expense	13.30	3.56	11.38	10.55	7.28	1.40	4.73	3.72	11.30
Net Income	35.20	9.77	36.66	37.43	26.59	5.90	18.22	17.43	13.83
Net Income - Continuous Operations	35.20	9.77	36.66	37.43	26.59	5.90	18.22	17.43	13.83
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	52.58	17.10	3.62	51.35	37.44	10.58	26.32	22.89	26.64
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	4.08	3.78	3.62	3.37	3.58	3.28	3.38	1.73	1.51
Earnings Per Share
Basic EPS	4.00	1.00	5.00	5.00	3.00	1.00	2.00	2.00	2.00
Diluted EPS	4.00	1.00	5.00	5.00	3.00	1.00	2.00	2.00	2.00
Basic Shares Outstanding	7.75	7.71	7.59	7.56	7.71	7.73	7.76	7.72	7.57
Diluted Shares Outstanding	7.83	7.74	7.65	7.64	7.76	7.75	7.79	7.78	7.67

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Bankwell Financial Group Financial Statements

What was Bankwell Financial Group's revenue in fiscal 2025?

Bankwell Financial Group reported revenue of $207.72M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.1% from $195.71M a year earlier.

Is Bankwell Financial Group profitable?

Yes. Bankwell Financial Group earned net income of $35.20M in fiscal 2025, a net margin of 16.9%. In fiscal 2024 it earned $9.77M.

What is Bankwell Financial Group's operating margin?

Bankwell Financial Group's operating income was $48.49M on revenue of $207.72M in fiscal 2025, an operating margin of 23.3%, compared with 6.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition