Bankwell Financial BWFG
$70.12 −$0.12 (-0.16%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $70.12 0.00%
Open$70.20
Prev close$70.23
Day range$69.85 – $70.60
Volume39.2K
Market cap$558.95M
P/E (TTM)12.3
Dividend yield1.14%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$35.33M+24.0% YoY
Net profit$12.74M+26.4% YoY
Diluted EPS$1.58+24.4% YoY
Free cash flow$10.03M+64.7% YoY
Operating cash flow$10.23M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Net margin35.3%
Return on equity14.5%
Return on assets1.3%
Liabilities / assets90.6%
Cash & investments$239.02M
Total debt$194.88M
Net cash (debt)$44.14M
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Operating Revenue | $35.33M | $32.78M | $30.23M | $108.32M | $30.32M |
| Net Interest Income | $31.37M | $29.50M | $26.89M | $98.94M | $26.95M |
| -Interest Income | $54.82M | $52.24M | $50.54M | $198.33M | $50.61M |
| -Interest Expense | $23.45M | $22.73M | $23.65M | $99.39M | $23.66M |
| Non-Interest Income | $3.96M | $3.28M | $3.34M | $9.39M | $3.38M |
| -Total Premiums Earned | $372,000.00 | $366,000.00 | $358,000.00 | $1.42M | $361,000.00 |
| -Fees and Commissions | $951,000.00 | $665,000.00 | $780,000.00 | $2.83M | $771,000.00 |
| -Other Non-Interest Income | -$173,000.00 | -$149,000.00 | -$220,000.00 | $68,000.00 | $60,000.00 |
| -Gain Loss on Sale of Assets | $2.81M | $2.40M | $2.43M | $5.08M | $2.18M |
| Credit Losses Provision | $1.27M | -$1.23M | $1.03M | -$1.04M | -$616,000.00 |
| Non-Interest Expense | $19.83M | $15.26M | $16.89M | $58.79M | $15.47M |
| Occupancy and Equipment | $2.73M | $2.82M | $2.71M | $10.12M | $2.58M |
| Professional Expense and Contract Services Expense | $1.50M | $1.36M | $1.39M | $5.99M | $1.42M |
| Selling and Admin Expenses | $11.40M | $9.69M | $10.86M | $34.93M | $8.77M |
| -Selling & Marketing Expense | $98,000.00 | $129,000.00 | $126,000.00 | $608,000.00 | $108,000.00 |
| -General & Admin Expense | $11.31M | $9.57M | $10.74M | $34.32M | $8.67M |
| Other Non-Interest Expenses | $4.20M | $1.38M | $1.93M | $7.75M | $2.71M |
| Pretax Profit | $16.77M | $16.30M | $14.37M | $48.50M | $14.24M |
| Tax | $4.03M | $3.93M | $3.09M | $13.30M | $5.09M |
| Net Profit | $12.74M | $12.37M | $11.28M | $35.20M | $9.14M |
| Profit from Continuing Operations | $12.74M | $12.37M | $11.28M | $35.20M | $9.14M |
| Net Income to Parent Company | $12.74M | $12.37M | $11.28M | $35.20M | $9.14M |
| Net Income to Common Stockholders | $12.74M | $12.17M | $11.00M | $34.79M | $9.04M |
| Basic EPS | $1.60 | $1.55 | $1.42 | $4.49 | $1.16 |
| Diluted EPS | $1.58 | $1.52 | $1.41 | $4.45 | $1.15 |
| Dividend Per Share | $0.20 | $0.20 | $0.20 | $0.80 | $0.20 |
| Other Preferred Stock Dividends | – | $201,000.00 | $274,000.00 | $408,000.00 | $101,000.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $3.56B | $3.48B | $3.37B | $3.36B | $3.36B |
| Cash, Cash Equivalents & Federal Funds Sold | $255.55M | $203.40M | $217.90M | $224.92M | $224.92M |
| -Cash and Cash Equivalents | $239.02M | $191.38M | $208.90M | $214.57M | $214.57M |
| -Money Market Investments | $16.53M | $12.02M | $9.00M | $10.35M | $10.35M |
| Securities Investment | $200.20M | $205.61M | $187.57M | $192.12M | $192.12M |
| -Trading Securities | $2.19M | $2.26M | $2.25M | $2.25M | $2.25M |
| -Held to Maturity Securities | $29.24M | $29.31M | $29.39M | $29.47M | $29.47M |
| -Short Term Investments | $168.76M | $29.79M | $39.68M | $34.71M | $34.71M |
| Net Loan | $2.95B | $2.92B | $2.83B | $2.80B | $2.80B |
| -Gross Loan | $2.98B | $2.96B | $2.87B | $2.84B | $2.84B |
| -Allowance for Loans and Lease Losses | $30.71M | $30.63M | $29.58M | $30.71M | $30.71M |
| Receivables | $17.54M | $16.27M | $16.03M | $16.14M | $16.14M |
| -Accounts Receivable | $17.54M | $16.27M | $16.03M | $16.14M | $16.14M |
| Net PPE | $19.73M | $20.07M | $20.95M | $21.58M | $21.58M |
| Goodwill and Other Intangible Assets | $2.59M | $2.59M | $2.59M | $2.59M | $2.59M |
| -Goodwill | $2.59M | $2.59M | $2.59M | $2.59M | $2.59M |
| Bank-Owned Life Insurance | $55.30M | $54.93M | $54.57M | $54.21M | $54.21M |
| Foreclosed Assets | $0.00 | – | – | $0.00 | $0.00 |
| Federal Home Loan Bank Stock | $7.06M | $3.14M | $4.21M | $6.21M | $6.21M |
| Deferred Assets | $11.10M | $9.99M | $11.44M | $16.35M | $16.35M |
| Other Assets | $38.50M | $34.68M | $25.93M | $16.33M | $16.33M |
| Total Liabilities | $3.22B | $3.15B | $3.06B | $3.06B | $3.06B |
| Total Deposits | $2.97B | $3.00B | $2.89B | $2.83B | $2.83B |
| Long Term Debt and Capital Lease Obligation | $194.88M | $99.82M | $129.76M | $179.70M | $179.70M |
| -Long Term Debt | $194.88M | $99.82M | $129.76M | $179.70M | $179.70M |
| Other Liabilities | $58.58M | $51.72M | $46.99M | $49.19M | $49.19M |
| Total Equity | $334.14M | $323.50M | $311.87M | $301.49M | $301.49M |
| Stockholders' Equity | $334.14M | $323.50M | $311.87M | $301.49M | $301.49M |
| Capital Stock | $122.91M | $122.00M | $121.06M | $120.12M | $120.12M |
| -Common Stock | $122.91M | $122.00M | $121.06M | $120.12M | $120.12M |
| Retained Earnings | $213.23M | $202.07M | $191.28M | $181.59M | $181.59M |
| Gains/Losses Not Affecting Retained Earnings | -$2.00M | -$570,000.00 | -$475,000.00 | -$216,000.00 | -$216,000.00 |
| -Available for Sale Securities | – | $144.25M | $116.26M | $125.70M | $125.70M |
| -Unearned Income | – | -$4.18M | -$4.36M | -$4.93M | -$4.93M |
| Derivative Assets | – | – | – | $4.97M | $4.97M |
| -Gross PPE | – | – | – | $32.62M | $32.62M |
| -Accumulated Depreciation | – | – | – | -$11.04M | -$11.04M |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | $10.23M | $7.72M | $28.27M | $7.55M | $10.33M |
| Net cash flow from continuing operations | $10.23M | $7.72M | $28.27M | $7.55M | $10.33M |
| Net Income from Continuing Operations | $12.37M | $11.28M | $35.20M | $9.14M | $10.08M |
| Gain/Loss from Continuing Operations | -$2.40M | -$2.43M | -$5.08M | -$2.18M | -$1.37M |
| Depreciation & Depletion & Amortization | $1.07M | $1.11M | $4.08M | $1.07M | $1.04M |
| Deferred Tax | $1.47M | $0.00 | -$1.41M | -$1.36M | $0.00 |
| Other Non-Cash Items | -$305,000.00 | -$296,000.00 | -$1.28M | -$372,000.00 | $847,000.00 |
| Change in Working Capital | -$4.20M | -$2.08M | -$6.63M | -$112,000.00 | -$1.28M |
| -Change in Receivables | -$241,000.00 | $114,000.00 | -$2.14M | -$1.59M | -$339,000.00 |
| -Change in Payables and Accrued Expense | $4.55M | -$2.07M | -$1.14M | $104,000.00 | -$142,000.00 |
| -Change in Deferred Charges | -$184,000.00 | -$566,000.00 | $1.00M | $737,000.00 | $204,000.00 |
| -Change in Other Current Assets | -$8.32M | $441,000.00 | -$4.36M | $637,000.00 | -$1.00M |
| Net cash flow from investing | -$108.43M | -$18.78M | -$165.19M | -$183.49M | -$34.00M |
| Net Cash Flow from Continuing Investing Activities | -$108.43M | -$18.78M | -$165.19M | -$183.49M | -$34.00M |
| Net PPE Purchase and Sale | -$191,000.00 | -$470,000.00 | -$1.14M | -$265,000.00 | -$404,000.00 |
| Net Investment Purchase and Sale | -$18.45M | $4.08M | -$43.33M | -$63.62M | $14.91M |
| Net Income from Loans | -$90.86M | -$24.39M | -$129.85M | -$119.71M | -$48.75M |
| Net Other Investing Changes | $1.06M | $2.00M | $9.14M | $100,000.00 | $241,000.00 |
| Financing Cash Flow | $83.70M | $4.04M | $54.31M | $105.50M | -$3.43M |
| Net Cash Flow from Continuing Financing Activities | $83.70M | $4.04M | $54.31M | $105.50M | -$3.43M |
| Increase/Decrease in Deposit | $115.28M | $55.77M | $41.91M | $72.07M | -$1.87M |
| Net Issuance Payments of Debt | -$30.00M | -$50.00M | $20.00M | $35.00M | $0.00 |
| Net Common Stock Issuance | $0.00 | -$150,000.00 | -$1.33M | $0.00 | $0.00 |
| Cash Dividends Paid | -$1.58M | -$1.58M | -$6.27M | -$1.57M | -$1.57M |
| Ending Cash Balance | $203.40M | $217.90M | $224.92M | $224.92M | $295.36M |
| Net Change in Cash | -$14.51M | -$7.02M | -$82.60M | -$70.44M | -$27.10M |
| Beginning Cash Balance | $217.90M | $224.92M | $307.52M | $295.36M | $322.46M |
| Free Cash Flow | $10.03M | $7.25M | $27.13M | $7.28M | $9.93M |
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