Bankwell Financial Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	192.71	180.67	172.83	170.18	111.24	78.04
Interest Income on Investments	15.5	17.66	19.16	18.27	6.7	3.33
Total Interest Income	208.2	198.33	191.99	188.45	117.95	81.38
Interest Paid on Deposits	87.36	92.83	101.26	86.91	19.36	10.44
Interest Paid on Borrowings	6.14	6.56	7.45	7.08	3.84	3.05
Total Interest Expense	93.5	99.39	108.71	93.99	23.2	13.49
Net Interest Income	114.71	98.94	83.28	94.47	94.74	67.89
Net Interest Income Growth	24.43%	18.80%	-11.84%	-0.29%	39.56%	23.80%
Other Non-Interest Income	4.14	4.31	3.2	2.87	1.8	2.07
Total Non-Interest Income	13.96	9.39	3.72	4.84	3.04	4.76
Non-Interest Income Growth	100.04%	152.50%	-23.21%	59.28%	-36.09%	91.51%
Revenues Before Loan Losses	128.66	108.32	87	99.31	97.78	72.64
Provision for Loan Losses	-0.45	1.04	22.62	0.87	5.44	-0.06
Revenue	129.11	107.28	64.38	98.44	92.35	72.7
Revenue Growth	36.94%	66.64%	-34.60%	6.60%	27.02%	46.24%
Salaries and Employee Benefits	34.24	27.94	20.75	21.52	19.88	16.48
Occupancy Expenses	8.23	7.52	7.09	6.17	5.7	7.58
Federal Deposit Insurance	2.27	2.69	3.35	4.16	1.64	1.23
Selling, General & Administrative	15.47	16	15.42	14.46	13.24	11.31
Other Non-Interest Expense	7.24	4.64	4.44	4.09	3.91	3.13
Total Non-Interest Expense	67.44	58.79	51.05	50.4	44.36	39.74
EBT Excluding Unusual Items	61.67	48.5	13.33	48.04	47.98	32.96
Other Unusual Items	-	-	-	-	-	0.9
Pretax Income	61.67	48.5	13.33	48.04	47.98	33.86
Income Tax Expense	16.14	13.3	3.56	11.38	10.55	7.28
Net Income	45.53	35.2	9.77	36.66	37.43	26.59
Preferred Dividends & Other Adjustments	0.53	0.41	0.24	0.96	0.81	0.51
Net Income to Common	45	34.79	9.53	35.71	36.62	26.08
Net Income Growth	57.70%	265.17%	-73.32%	-2.49%	40.41%	348.75%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change	1.23%	1.14%	1.18%	0.09%	-1.57%	0.17%
EPS (Basic)	5.77	4.49	1.24	4.71	4.84	3.38
EPS (Diluted)	5.70	4.45	1.23	4.67	4.79	3.36
EPS Growth	56.01%	261.79%	-73.66%	-2.50%	42.56%	348.00%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.800	0.800	0.800	0.800	0.800	0.640
Dividend Growth	0%	0%	0%	0%	25.00%	14.29%
Effective Tax Rate	26.18%	27.42%	26.70%	23.69%	22.00%	21.49%

SEC Filings: 10-K · 10-Q