Bankwell Financial Group, Inc. (BWFG)

Bankwell Financial Group Balance Sheet

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
Cash & Equivalents	295.36	307.52	269.16	355.68	344.68	409.6
Investment Securities	128.23	146.07	127.59	121.6	108.36	106.83
Trading Asset Securities	-	7.47	8.82	12.5	3.63	4.44
Mortgage-Backed Securities	-	0.03	0.03	0.04	0.05	0.06
Total Investments	128.23	153.57	136.44	134.13	112.04	111.33
Gross Loans	2,714	2,706	2,719	2,675	1,895	1,626
Allowance for Loan Losses	-29.98	-29.01	-27.95	-22.43	-16.9	-21.01
Other Adjustments to Gross Loans	-	-3.92	-5.36	-6.63	-2.81	-2.95
Net Loans	2,684	2,673	2,685	2,646	1,875	1,602
Property, Plant & Equipment	22.39	23.86	27.02	27.2	25.59	21.76
Goodwill	2.59	2.59	2.59	2.59	2.59	2.59
Other Intangible Assets	-	-	-	-	-	0.08
Accrued Interest Receivable	15.63	14.54	14.86	13.07	7.51	6.58
Other Current Assets	-	-	-	-	18.11	30.82
Long-Term Deferred Tax Assets	9.03	9.74	9.38	7.42	7.62	11.3
Other Real Estate Owned & Foreclosed	1.28	8.3	-	-	-	-
Other Long-Term Assets	80.48	69.75	65.03	60.76	60.14	50.16
Total Assets	3,244	3,268	3,215	3,252	2,456	2,254
Accrued Expenses	49.12	33.66	48.35	49.89	28.87	21.45
Interest Bearing Deposits	2,360	1,279	1,191	1,239	1,334	1,037
Institutional Deposits	-	1,186	1,200	1,157	391.19	519.78
Non-Interest Bearing Deposits	397.41	321.88	346.17	404.56	398.96	270.24
Total Deposits	2,757	2,788	2,737	2,801	2,124	1,827
Short-Term Borrowings	75	90	90	90	-	-
Current Portion of Long-Term Debt	-	-	-	-	50	175
Current Portion of Leases	-	2.38	-	-	-	-
Long-Term Debt	69.64	73.92	73.7	73.17	51.22	53.27
Long-Term Leases	-	9.67	-	-	-	-
Other Long-Term Liabilities	-	0.76	0.93	0.1	0.18	0.11
Total Liabilities	2,951	2,998	2,950	3,014	2,254	2,077
Common Stock	119.35	119.11	118.25	115.02	118.15	121.34
Retained Earnings	174.01	152.66	149.17	123.64	92.4	70.84
Comprehensive Income & Other	-0.57	-1.24	-1.66	-0.19	-8.56	-15.58
Total Common Equity	292.79	270.52	265.75	238.47	201.99	176.6
Shareholders' Equity	292.79	270.52	265.75	238.47	201.99	176.6
Total Liabilities & Equity	3,244	3,268	3,215	3,252	2,456	2,254
Total Debt	144.64	175.97	163.7	163.17	101.22	228.27
Net Cash (Debt)	150.72	139.03	114.28	205.01	247.09	185.77
Net Cash Growth	13.52%	21.66%	-44.26%	-17.03%	33.01%	-
Net Cash Per Share	19.31	17.97	14.94	26.83	31.83	23.98
Filing Date Shares Outstanding	7.69	7.68	7.68	7.63	7.68	7.81
Total Common Shares Outstanding	7.69	7.64	7.63	7.52	7.61	7.76
Book Value Per Share	38.06	35.43	34.84	31.73	26.53	22.77
Tangible Book Value	290.2	267.93	263.16	235.88	199.4	173.94
Tangible Book Value Per Share	37.73	35.09	34.50	31.38	26.19	22.43

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

SEC Filings: 10-K · 10-Q