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	Jun '26 Jun 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	188.28	180.67	172.83	170.18	111.24	78.04
Interest Income on Investments	15.7	17.66	19.16	18.27	6.7	3.33
Total Interest Income	203.97	198.33	191.99	188.45	117.95	81.38
Interest Paid on Deposits	88.17	92.83	101.26	86.91	19.36	10.44
Interest Paid on Borrowings	6.48	6.56	7.45	7.08	3.84	3.05
Total Interest Expense	94.65	99.39	108.71	93.99	23.2	13.49
Net Interest Income	109.32	98.94	83.28	94.47	94.74	67.89
Net Interest Income Growth	25.78%	18.80%	-11.84%	-0.29%	39.56%	23.80%
Other Non-Interest Income	4.12	4.31	3.2	2.87	1.8	2.07
Total Non-Interest Income	12.49	9.39	3.72	4.84	3.04	4.76
Non-Interest Income Growth	121.64%	152.50%	-23.21%	59.28%	-36.09%	91.51%
Revenues Before Loan Losses	121.82	108.32	87	99.31	97.78	72.64
Provision for Loan Losses	1.19	1.04	22.62	0.87	5.44	-0.06
Revenue	120.63	107.28	64.38	98.44	92.35	72.7
Revenue Growth	47.56%	66.64%	-34.60%	6.60%	27.02%	46.24%
Salaries and Employee Benefits	30.77	27.94	20.75	21.52	19.88	16.48
Occupancy Expenses	7.97	7.52	7.09	6.17	5.7	7.58
Federal Deposit Insurance	2.3	2.69	3.35	4.16	1.64	1.23
Selling, General & Administrative	16.45	16	15.42	14.46	13.24	11.31
Other Non-Interest Expense	4.77	4.64	4.44	4.09	3.91	3.13
Total Non-Interest Expense	62.25	58.79	51.05	50.4	44.36	39.74
EBT Excluding Unusual Items	58.38	48.5	13.33	48.04	47.98	32.96
Other Unusual Items	-	-	-	-	-	0.9
Pretax Income	58.38	48.5	13.33	48.04	47.98	33.86
Income Tax Expense	15.52	13.3	3.56	11.38	10.55	7.28
Net Income	42.87	35.2	9.77	36.66	37.43	26.59
Preferred Dividends & Other Adjustments	0.5	0.41	0.24	0.96	0.81	0.51
Net Income to Common	42.37	34.79	9.53	35.71	36.62	26.08
Net Income Growth	107.10%	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	1.18%	1.14%	1.18%	0.09%	-1.57%	0.17%
EPS (Basic)	5.44	4.49	1.24	4.71	4.84	3.38
EPS (Diluted)	5.39	4.45	1.23	4.67	4.79	3.36
EPS Growth	105.39%	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	Jun '26 Jun 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	26.57%	27.42%	26.70%	23.69%	22.00%	21.49%

SEC Filings: 10-K · 10-Q