Bankwell Financial Group, Inc. income statement
In fiscal 2025, Bankwell Financial Group, Inc. reported revenue of $108m, up 24.5% on the year before and net income of $35.2m, or $4.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 30 | 35 | 46 | 52 | 59 | 60 | 59 | 58 | 74 | 98 | 99 | 87 | 108 | 122 |
| Interest expense | 3 | 3 | 4 | 8 | 12 | 17 | 24 | 29 | 23 | 13 | 23 | 94 | — | — | — |
| Net interest income | 21 | 25 | 32 | 43 | 49 | 54 | 56 | 54 | 55 | 68 | 95 | 94 | 83 | 99 | 109 |
| Non-interest income | 0 | 5 | 3 | 3 | 3 | 5 | 4 | 5 | 3 | 6 | 3 | 5 | 4 | 9 | 12 |
| Non-interest expense | 18 | 22 | 26 | 29 | 30 | 33 | 36 | 36 | 43 | 40 | 44 | 50 | 51 | 59 | 62 |
| Provision for credit losses | 2 | 1 | 2 | 3 | 4 | 1 | 3 | 0 | 8 | −0 | 5 | 1 | 23 | 1 | 1 |
| Income before tax | 2 | 7 | 7 | 14 | 18 | 25 | 21 | 23 | 7 | 34 | 48 | 48 | 13 | 48 | 58 |
| Income tax | 1 | 2 | 2 | 5 | 6 | 11 | 4 | 5 | 1 | 7 | 11 | 11 | 4 | 13 | 16 |
| Net income | 1 | 5 | 5 | 9 | 12 | 14 | 17 | 18 | 6 | 27 | 37 | 37 | 10 | 35 | 43 |
| Diluted EPS | $0.38 | $1.44 | $0.78 | $1.21 | $1.62 | $1.78 | $2.21 | $2.31 | $0.75 | $3.36 | $4.79 | $4.67 | $1.23 | $4.45 | $5.44 |
| Diluted shares (average) | 3m | 3m | 6m | 7m | 7m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 21 | 24 | 26 | 28 | 30 | 30 | 33 |
| Net interest income | 21 | 20 | 22 | 24 | 26 | 27 | 27 | 30 |
| Non-interest income | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 |
| Non-interest expense | 13 | 13 | 14 | 15 | 15 | 15 | 17 | 15 |
| Provision for credit losses | 6 | 4 | 0 | −0 | 0 | 1 | −1 | 1 |
| Income before tax | 3 | 4 | 9 | 12 | 13 | 14 | 14 | 16 |
| Income tax | 1 | 1 | 2 | 3 | 3 | 5 | 3 | 4 |
| Net income | 2 | 3 | 7 | 9 | 10 | 9 | 11 | 12 |
| Diluted EPS | $0.24 | $0.37 | $0.87 | $1.14 | $1.27 | $1.16 | $1.41 | $1.52 |
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