BWFG on Nasdaq
Bankwell Financial Group, Inc.
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Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax27¢$13.3M
- Profit73¢$35.2M
Out of $2.8M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$1.1M
- Dividends paid22¢$6.3M
- Share buybacks5¢$1.3M
- Kept or used elsewhere69¢$19.5M
Out of $28.3M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and fees on loans | $180.7M | $172.8M |
| Interest and dividends on securities | $6.2M | $5.2M |
| Interest on cash and cash equivalents | $11.5M | $14.0M |
| Total interest and dividend income | $198.3M | $192.0M |
| Interest expense on deposits | $92.8M | $101.3M |
| Interest expense on borrowings | $6.6M | $7.5M |
| Total interest expense | $99.4M | $108.7M |
| Net interest income | $98.9M | $83.3M |
| Provision for credit losses | $1.0M | $22.6M |
| Net interest income after provision for credit losses | $97.9M | $60.7M |
| Gains and fees from sales of loans | $5.1M | $523.0K |
| Bank owned life insurance | $1.4M | $1.4M |
| Service charges and fees | $2.8M | $2.0M |
| Other | $68.0K | -$124.0K |
| Total noninterest income | $9.4M | $3.7M |
| Salaries and employee benefits | $30.3M | $23.7M |
| Occupancy and equipment | $10.1M | $9.5M |
| Data processing | $3.1M | $3.3M |
| Professional services | $6.0M | $4.5M |
| Director fees | $1.4M | $1.8M |
| FDIC insurance | $2.7M | $3.4M |
| Marketing | $608.0K | $452.0K |
| Other | $4.6M | $4.4M |
| Total noninterest expense | $58.8M | $51.1M |
| Income before income tax expense | $48.5M | $13.3M |
| Income tax expense | $13.3M | $3.6M |
| Net income | $35.2M | $9.8M |
| Basic (in dollars per share) | $4.49 | $1.24 |
| Diluted (in dollars per share) | $4.45 | $1.23 |
| Basic (in shares) | 7.8M shares | 7.7M shares |
| Diluted (in shares) | 7.8M shares | 7.7M shares |
| Dividends per common share (in dollars per share) | $0.80 | $0.80 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $214.6M | $293.6M | |
| Federal funds sold | $10.4M | $14.0M | |
| Cash and cash equivalents | $224.9M | $307.5M | |
| Marketable equity securities, at fair value | $2.2M | $2.1M | |
| Available for sale investment securities, at fair value | $160.4M | $107.4M | |
| Held to maturity investment securities, at amortized cost (fair values of $31,045 and $36,691 at December 31, 2025 and 2024, respectively) | $29.5M | $36.6M | |
| Total investment securities | $192.1M | $146.1M | |
| Loans receivable (net of ACL-Loans of $30,705 and $29,007 at December 31, 2025 and 2024, respectively) | $2.8B | $2.7B | |
| Other real estate owned | $0 | $8.3M | |
| Accrued interest receivable | $16.1M | $14.5M | |
| Federal Home Loan Bank stock, at cost | $6.2M | $5.7M | |
| Premises and equipment, net | $21.6M | $23.9M | |
| Bank-owned life insurance | $54.2M | $52.8M | |
| Goodwill | $2.6M | $2.6M | $2.6M |
| Deferred income taxes, net | $11.4M | $9.7M | |
| Other assets | $26.3M | $24.4M | |
| Total assets | $3.4B | $3.3B | |
| Noninterest bearing deposits | $403.7M | $321.9M | |
| Interest bearing deposits | $2.4B | $2.5B | |
| Total deposits | $2.8B | $2.8B | |
| Advances from the Federal Home Loan Bank | $110.0M | $90.0M | |
| Subordinated debentures (face value of $70,000 and $70,000 at December 31, 2025 and 2024, respectively, less unamortized debt issuance costs of $303 and $549 at December 31, 2025 and 2024, respectively) | $69.7M | $69.5M | |
| Accrued expenses and other liabilities | $49.2M | $50.9M | |
| Total liabilities | $3.1B | $3.0B | |
| Common stock, no par value; 10,000,000 shares authorized, 7,899,943 and 7,859,873 shares issued and outstanding at December 31, 2025 and 2024, respectively | $120.1M | $119.1M | |
| Retained earnings | $181.6M | $152.7M | |
| Accumulated other comprehensive loss | -$216.0K | -$1.2M | |
| Total shareholders equity | $301.5M | $270.5M | $265.8M |
| Total liabilities and shareholders equity | $3.4B | $3.3B | |
| Held to maturity debt securities, fair value | $31.0M | $36.7M | |
| Allowance for loan losses | $30.7M | $29.0M | $27.9M |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, share authorized (in shares) | 10.0M shares | 10.0M shares | |
| Common stock, share issued (in shares) | 7.9M shares | 7.9M shares | |
| Common shares outstanding (in shares) | 7.9M shares | 7.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $35.2M | $9.8M |
| Net amortization of premiums and discounts on investment securities | $62.0K | $148.0K |
| Provision for credit losses | $1.0M | $22.6M |
| Credit for deferred income taxes | -$1.4M | -$469.0K |
| Change in fair value of marketable equity securities | -$61.0K | $13.0K |
| Depreciation and amortization | $4.1M | $3.8M |
| Amortization of debt issuance costs | $246.0K | $246.0K |
| Increase in cash surrender value of bank-owned life insurance | -$1.4M | -$1.4M |
| Gains and fees from sales of loans | -$5.1M | -$523.0K |
| Stock-based compensation | $2.3M | $3.0M |
| Loss on sale of other real estate owned | -$31.0K | $0 |
| Change in other real estate owned | -$140.0K | $0 |
| Deferred tax assets | -$527.0K | $0 |
| Deferred loan fees | $1.0M | -$1.4M |
| Accrued interest receivable | -$1.6M | $328.0K |
| Other assets | -$4.4M | -$3.4M |
| Accrued expenses and other liabilities | -$1.1M | -$2.8M |
| Net cash provided by operating activities | $28.3M | $29.9M |
| Proceeds from principal repayments on available for sale securities | $4.3M | $4.8M |
| Proceeds from principal repayments on held to maturity securities | $248.0K | $263.0K |
| Net proceeds from sales and calls of available for sale securities | $31.0M | $10.0M |
| Net proceeds from sales and calls of held to maturity securities | $7.5M | $0 |
| Purchases of available for sale securities | -$85.7M | -$10.0M |
| Purchases of marketable equity securities | -$69.0K | -$62.0K |
| Purchases of held to maturity securities | -$643.0K | -$21.1M |
| Net increase in loans | -$178.8M | -$22.2M |
| Proceeds from sales of loans not originated for sale | $48.9M | $4.9M |
| Purchases of premises and equipment, net | -$1.1M | -$613.0K |
| Proceeds (purchases) of Federal Home Loan Bank stock | -$552.0K | $41.0K |
| Proceeds from the sale of other real estate owned | $9.7M | $0 |
| Net cash used in investing activities | -$165.2M | -$34.0M |
| Net change in time certificates of deposit | -$141.5M | $56.8M |
| Net change in other deposits | $183.4M | -$6.0M |
| Payments on FHLB advances | -$170.0M | $0 |
| Proceeds on FHLB advances | $190.0M | $0 |
| Dividends paid on common stock | -$6.3M | -$6.3M |
| Repurchase of common stock | -$1.3M | -$2.1M |
| Net cash provided by financing activities | $54.3M | $42.4M |
| Net increase (decrease) in cash and cash equivalents | -$82.6M | $38.4M |
| Interest | $99.4M | $108.7M |
| Federal | $6.9M | $4.3M |
| Loans transferred to other real estate owned | -$1.3M | -$8.3M |
| Net change in unrealized losses or gains on available-for-sale securities | $2.7M | $2.5M |
| Net change in unrealized losses or gains on interest rate swaps | -$1.3M | -$2.0M |
| Transfer of loans from held-for-investment to held-for-sale | $43.8M | $4.4M |
Former names
- BNC Financial Group, Inc.Nov 17, 2010 to Nov 26, 20122
Recent filings
- Sep 9, 20264
- Sep 9, 20264
- Sep 9, 20264
- Sep 9, 20264
- Sep 9, 20264
- Aug 26, 20264
- Aug 10, 20264
- Aug 5, 202610-Q
- Aug 4, 2026144
- Aug 4, 20264
- Jul 27, 2026SCHEDULE 13G
- Jul 23, 20268-K
- Jul 1, 2026144
- Jul 1, 20264
- Jun 9, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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