Bankwell Financial Group, Inc. (FRA:33W)

Bankwell Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	180.67	172.83	170.18	111.24	78.04
Interest Income on Investments	17.66	19.16	18.27	6.7	3.33
Total Interest Income	198.33	191.99	188.45	117.95	81.38
Interest Paid on Deposits	92.83	101.26	86.91	19.36	10.44
Interest Paid on Borrowings	6.56	7.45	7.08	3.84	3.05
Total Interest Expense	99.39	108.71	93.99	23.2	13.49
Net Interest Income	98.94	83.28	94.47	94.74	67.89
Net Interest Income Growth (YoY)	18.80%	-11.84%	-0.29%	39.56%	23.80%
Other Non-Interest Income	4.31	3.2	2.87	1.8	2.07
Total Non-Interest Income	9.39	3.72	4.84	3.04	4.76
Non-Interest Income Growth (YoY)	152.50%	-23.21%	59.28%	-36.09%	91.51%
Revenues Before Loan Losses	108.32	87	99.31	97.78	72.64
Provision for Loan Losses	1.04	22.62	0.87	5.44	-0.06
Revenue	107.28	64.38	98.44	92.35	72.7
Revenue Growth (YoY)	66.64%	-34.60%	6.60%	27.02%	46.24%
Salaries and Employee Benefits	30.29	20.75	21.52	19.88	16.48
Occupancy Expenses	10.12	7.09	6.17	5.7	7.58
Federal Deposit Insurance	2.69	3.35	4.16	1.64	1.23
Selling, General & Administrative	11.05	15.42	14.46	13.24	11.31
Other Non-Interest Expense	4.64	4.44	4.09	3.91	3.13
Total Non-Interest Expense	58.79	51.05	50.4	44.36	39.74
EBT Excluding Unusual Items	48.5	13.33	48.04	47.98	32.96
Other Unusual Items	-	-	-	-	0.9
Pretax Income	48.5	13.33	48.04	47.98	33.86
Income Tax Expense	13.3	3.56	11.38	10.55	7.28
Net Income	35.2	9.77	36.66	37.43	26.59
Preferred Dividends & Other Adjustments	0.41	0.24	0.96	0.81	0.51
Net Income to Common	34.79	9.53	35.71	36.62	26.08
Net Income Growth	260.27%	-73.35%	-2.05%	40.78%	350.31%
Basic Shares Outstanding	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	1.14%	1.18%	0.09%	-1.57%	0.17%
EPS (Basic)	4.49	1.24	4.71	4.84	3.38
EPS (Diluted)	4.45	1.23	4.67	4.79	3.36
EPS Growth	261.79%	-73.66%	-2.50%	42.56%	348.00%
Dividend Per Share	0.800	0.800	0.800	0.800	0.640
Dividend Growth	-	-	-	25.00%	14.29%
Effective Tax Rate	27.42%	26.70%	23.69%	22.00%	21.49%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.