Saturday 17 October 2026 Export BWFG’s income statement to Excel — free account

Bankwell Financial Group, Inc.

Bankwell Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $207.7 million, up 6.13% from fiscal 2024. In the quarter to June 2026, revenue grew 9.58%, EPS grew 33.6%, free cash flow grew 64.7% and total debt fell 31.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

65.54 0.37 +0.57%

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Market cap: $519.5M
P/E: 12.1×
Fwd P/E: 9.9×
Dividend yield: 1.22%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 4.41

Total sells 1.93

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	5	—	3	9	—	2	6	—	2	5	—
Sell	1	—	—	8	—	—	1	1	2	—	—	—

Insider Ownership 25.79%

Capital & Financial Ratios $m

Market Cap 519.53

Revenue 216.47

Net Income 42.87

Free Cash Flow 34.50

Net Debt (103.58)

Current Ratio 1.03

Debt/Equity 0.31

P/E ratio 12.11

Fwd P/E 9.91

P/S ratio 2.38

P/B ratio 1.59

Past 5Y EPS Growth 42.78%

This Y EPS Growth 29.84%

Next Y EPS Growth 2.71%

Next Y revenue growth (37.61%)

Next 5Y EPS Growth 12.88%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 40.21%

10-year low 10-year high

P/S against its own 10 years 46.07%

10-year low 10-year high

P/B against its own 10 years 89.79%

10-year low 10-year high

Dividends

Payout Ratio 0.15

Annual Dividend Rate 0.80

Annual Dividend Yield 1.22%

	total	individual payouts
2027	Powerpack
2026	0.80	0.20 0.20 0.20
2025	0.80	0.20 0.20 0.20 0.20
2024	0.80	0.20 0.20 0.20 0.20
2023	0.80	0.20 0.20 0.20 0.20
2022	0.80	0.20 0.20 0.20 0.20
2021	0.64	0.14 0.14 0.18 0.18
2020	0.56	0.14 0.14 0.14 0.14
2019	0.52	0.13 0.13 0.13 0.13
2018	0.48	0.12 0.12 0.12 0.12
2017	0.28	0.07 0.07 0.07 0.07
2016	0.22	0.05 0.05 0.05 0.07

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	269	308	225	203
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	2,969	2,995	3,046	3,145

	2023	2024	2025	Q'26
Payables	2,737	2,788	2,829	3,001
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,791	2,839	2,879	3,052

Compound Annual Growth %

	10y	5y	3y
Sales	14.37%	20.91%	19.74%
Cash Flow	7.96%	0.00%	(30.07%)
Earnings	14.90%	43.03%	(1.69%)
Book Value	8.63%	11.29%	8.13%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	54	56	—	—	—
’25	50	51	53	54	208
’24	49	48	49	49	196
’23	46	48	49	51	193
’22	23	28	30	40	121
’21	21	22	22	23	87
’20	21	20	20	20	80

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	10	—	—	—
’25	4	6	10	8	28
’24	9	7	(1)	14	30
’23	7	13	13	(1)	32
’22	22	25	18	18	83
’21	17	2	12	4	35
’20	(17)	4	4	7	(2)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7	10	—	—	—
’25	4	6	10	7	27
’24	9	7	(1)	14	29
’23	6	12	13	(1)	30
’22	21	22	18	17	78
’21	14	0	12	13	39
’20	(17)	4	4	11	2

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.41	1.52	—	—	—
’25	0.87	1.15	1.27	1.15	4.45
’24	0.48	0.14	0.24	0.32	1.17
’23	1.33	1.02	1.25	1.09	4.67
’22	1.04	1.55	1.18	1.04	4.79
’21	0.71	0.79	0.87	0.99	3.36
’20	0.17	0.16	0.38	0.04	0.75

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.48	28.79	26.39	24.67	12.07	18.71	27.76	21.22	22.47	26.39	Analyst estimates 2026–2028 Powerpack
	High	34.80	38.50	35.75	31.89	29.26	33.99	36.87	31.61	35.25	51.54
People
People	Employees	127	141	144	157	125	124	136	126	144	167
	Revenue/emp, $m	0.50	0.54	0.58	0.56	0.64	0.70	0.89	1.53	1.36	1.24
Income, $m
Income, $m	Revenue	64	76	84	88	80	87	121	193	196	208
	Gross margin, %	81.31	77.80	71.73	66.91	71.82	84.50	80.82	51.38	44.45	52.15
	EBT	18	25	21	23	7	34	48	48	13	48
	EBT margin, %	28.76	33.14	25.19	26.01	9.08	38.91	39.66	24.85	6.81	23.35
	Net income	12	14	17	18	6	27	37	37	10	35
	Depreciation	4	2	2	3	4	4	4	4	4	4
Per share, $
Per share, $	Revenue	8.61	10.01	10.87	11.37	10.40	11.29	16.00	25.47	25.38	26.80
	Earnings	1.64	1.80	2.23	2.32	0.75	3.38	4.84	4.71	1.18	4.49
	Cash flow	2.35	2.72	2.59	0.85	(0.20)	4.48	10.93	4.21	3.88	3.65
	Capex	(1.14)	(0.25)	(0.43)	(0.08)	0.43	0.55	(0.66)	(0.27)	(0.08)	(0.15)
	Free cash flow	1.21	2.47	2.15	0.77	0.24	5.04	10.27	3.94	3.80	3.50
	Book value	19.73	21.27	22.56	23.51	22.85	26.21	31.53	35.02	35.09	38.90
	Shares, m	7	8	8	8	8	8	8	8	8	8
Valuation, ×
Valuation, ×	P/E	19.54	18.73	12.87	12.43	26.07	9.69	5.88	6.23	26.40	10.23
	P/S	3.72	3.37	2.64	2.54	1.88	2.91	1.78	1.15	1.23	1.71
	P/B	1.62	1.59	1.27	1.23	0.86	1.25	0.90	0.84	0.89	1.18
	EV/Sales	5.12	5.39	3.92	3.64	(0.72)	(0.08)	0.15	0.58	0.47	1.49
	EV/FCF	36.31	21.85	19.77	53.60	(31.92)	(0.18)	0.24	3.75	3.14	11.42
Cash, $m
Cash, $m	Operating cash flow	17	21	20	7	(2)	35	83	32	30	28
	Capex	(8)	(2)	(3)	(1)	3	4	(5)	(2)	(1)	(1)
	Free cash flow	9	19	17	6	2	39	78	30	29	27
Balance, $m
Balance, $m	Working capital	147	186	157	148	141	58	160	179	157	167
	Total debt	185	224	185	175	200	84	159	159	159	180
	Net debt	89	153	107	97	(209)	(260)	(197)	(110)	(148)	(45)
	Shareholders’ equity	146	161	174	182	177	202	238	266	271	301
Returns, %
Returns, %	ROA	0.82	0.80	0.94	0.96	0.28	1.11	1.28	1.10	0.29	1.05
	ROIC	4.88	5.00	4.70	5.13	0.00	0.00	71.83	19.27	6.80	11.83
	ROE	8.72	8.90	10.26	10.10	3.24	13.78	16.63	14.16	3.55	12.16

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NRIM Northrim BanCorp Inc	$543.4M	7.6×	9.5×	+3.99% (above 0%: growing)	+29.58% (above 0%: growing)	+934.70% (above 0%: growing)	84.32%	0.00%	Compare
NPB Northpointe Bancshares, Inc.	$540.2M	6.6×	6.5×	+11.60% (above 0%: growing)	+17.31% (above 0%: growing)	+105.45% (above 0%: growing)	49.88%	0.00%	Compare
BSVN Bank7 Corp.	$528.6M	13.1×	10.1×	−7.40% (below 0%: shrinking)	−25.42% (below 0%: shrinking)	+20.62% (above 0%: growing)	71.74%	0.00%	Compare
BWFG Bankwell Financial Group, Inc.	$519.5M	12.1×	9.9×	+9.58% (above 0%: growing)	+33.62% (above 0%: growing)	+64.68% (above 0%: growing)	59.05%	0.00%
HBCP Home Bancorp, Inc.	$518.5M	10.9×	11.0×	+1.51% (above 0%: growing)	+1.36% (above 0%: growing)	+15.46% (above 0%: growing)	74.76%	0.00%	Compare
BSRR Sierra Bancorp	$507.5M	11.6×	10.5×	−3.43% (below 0%: shrinking)	−1.28% (below 0%: shrinking)	+114.97% (above 0%: growing)	78.74%	0.00%	Compare
WTBA West Bancorporation, Inc.	$493.3M	12.9×	9.3×	+1.39% (above 0%: growing)	+38.30% (above 0%: growing)	+10.26% (above 0%: growing)	55.06%	0.00%	Compare
OBT Orange County Bancorp, Inc.	$492.5M	10.5×	10.3×	−16.27% (below 0%: shrinking)	+17.24% (above 0%: growing)	+491.65% (above 0%: growing)	81.95%	0.00%	Compare
COFS ChoiceOne Financial Services, Inc.	$492.3M	9.1×	8.8×	−2.56% (below 0%: shrinking)	−7.78% (below 0%: shrinking)	+165.17% (above 0%: growing)	70.71%	0.00%	Compare
Median of peers	$513.0M	10.7×	9.8×	−0.59%	+9.30%	+110.21%	73.25%	0.00%

All 323 Banks Regional stocks →

Bankwell Financial Group, Inc. (BWFG) key facts

Strength: Bankwell Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $207.7 million, up 6.13% from fiscal 2024.
Strength: Net income was $35.2 million, or $4.49 per share (basic), a net margin of 16.8%.
Bankwell Financial Group, Inc. (BWFG) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, BWFG traded at $65.54, a market capitalization of $519.5 million.
At that price the stock trades at 12.1× trailing-twelve-month earnings and 2.4× sales; its P/E is higher than 40% of its own readings over the past ten years.
Bankwell Financial Group, Inc. pays an annual dividend of $0.80 per share, a yield of 1.22%, with a payout ratio of 15.0%.
Return on equity was 12.2% and debt-to-equity 0.31.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.