Bankwell Financial Group, Inc. (BWFG)

Bankwell Financial Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	176.78	172.83	170.18	111.24	78.04	73.67
Interest Income on Investments	18.78	19.16	18.27	6.7	3.33	3.82
Total Interest Income	195.56	191.99	188.45	117.95	81.38	77.49
Interest Paid on Deposits	96.08	101.26	86.91	19.36	10.44	18.18
Interest Paid on Borrowings	7.29	7.45	7.08	3.84	3.05	4.47
Total Interest Expense	103.37	108.71	93.99	23.2	13.49	22.65
Net Interest Income	92.19	83.28	94.47	94.74	67.89	54.84
Net Interest Income Growth (YoY)	8.04%	-11.84%	-0.29%	39.56%	23.80%	2.00%
Other Non-Interest Income	4.06	3.2	2.87	1.8	2.07	2.42
Total Non-Interest Income	6.98	3.72	4.84	3.04	4.76	2.48
Non-Interest Income Growth (YoY)	79.66%	-23.21%	59.28%	-36.09%	91.51%	-52.63%
Revenues Before Loan Losses	99.16	87	99.31	97.78	72.64	57.32
Provision for Loan Losses	4.88	22.62	0.87	5.44	-0.06	7.61
Revenue	94.28	64.38	98.44	92.35	72.7	49.71
Revenue Growth (YoY)	30.93%	-34.60%	6.60%	27.02%	46.24%	-15.12%
Salaries and Employee Benefits	24.63	20.75	21.52	19.88	16.48	19.59
Occupancy Expenses	7.75	7.09	6.17	5.7	7.58	6.87
Federal Deposit Insurance	2.94	3.35	4.16	1.64	1.23	0.79
Selling, General & Administrative	16.42	15.42	14.46	13.24	11.31	10.24
Other Non-Interest Expense	4.23	4.44	4.09	3.91	3.13	2.57
Total Non-Interest Expense	55.96	51.05	50.4	44.36	39.74	40.06
EBT Excluding Unusual Items	38.32	13.33	48.04	47.98	32.96	9.65
Asset Writedown	-	-	-	-	-	-1.65
Other Unusual Items	-	-	-	-	0.9	-0.7
Pretax Income	38.32	13.33	48.04	47.98	33.86	7.3
Income Tax Expense	9.3	3.56	11.38	10.55	7.28	1.4
Net Income	29.02	9.77	36.66	37.43	26.59	5.9
Preferred Dividends & Other Adjustments	0.38	0.24	0.96	0.81	0.51	0.09
Net Income to Common	28.64	9.53	35.71	36.62	26.08	5.81
Net Income Growth	89.27%	-73.35%	-2.05%	40.78%	350.31%	-67.59%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	1.21%	1.18%	0.09%	-1.57%	0.17%	-0.46%
EPS (Basic)	3.70	1.24	4.71	4.84	3.38	0.75
EPS (Diluted)	3.66	1.23	4.67	4.79	3.36	0.75
EPS Growth	88.52%	-73.66%	-2.50%	42.56%	348.00%	-67.53%
Dividend Per Share	0.800	0.800	0.800	0.800	0.640	0.560
Dividend Growth	-	-	-	25.00%	14.29%	7.69%
Effective Tax Rate	24.28%	26.70%	23.69%	22.00%	21.49%	19.13%

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q