BWFG · XBRL financial data
Bankwell Financial Group financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BWFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 1 | 1 | 1 | 2 | 2 | 3 |
| Interest expense | 23 | 13 | 23 | 94 | — | — |
| Income tax expense (benefit) | 1 | 7 | 11 | 11 | 4 | 13 |
| Net income (loss) | 6 | 27 | 37 | 37 | 10 | 35 |
| Earnings per share, basic USD per share | 0.75 | 3.38 | 4.84 | 4.71 | 1.24 | 4.49 |
| Earnings per share, diluted USD per share | 0.75 | 3.36 | 4.79 | 4.67 | 1.23 | 4.45 |
| Weighted average shares, basic millions of shares | 8 | 8 | 8 | 8 | 8 | 8 |
| Weighted average shares, diluted millions of shares | 8 | 8 | 8 | 8 | 8 | 8 |
Balance sheet
CSVFiscal years (BWFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 410 | 345 | 356 | 269 | 308 | 225 |
| Short-term investments | 107 | 108 | 122 | 128 | 146 | 192 |
| Property and equipment, net | 22 | — | — | — | — | — |
| Right-of-use asset | 9 | 14 | 13 | 13 | 11 | 10 |
| Goodwill | 3 | 3 | 3 | 3 | 3 | 3 |
| Total assets | 2,254 | 2,456 | 3,252 | 3,215 | 3,268 | 3,360 |
| Total deposits | 1,827 | 2,124 | 2,801 | 2,737 | 2,788 | 2,829 |
| Total liabilities | 2,077 | 2,254 | 3,014 | 2,950 | 2,998 | 3,058 |
| Retained earnings | 71 | 92 | 124 | 149 | 153 | 182 |
| Total stockholders' equity | 177 | 202 | 238 | 266 | 271 | 301 |
| Total liabilities and equity | 2,254 | 2,456 | 3,252 | 3,215 | 3,268 | 3,360 |
| Common shares outstanding (cover page) millions of shares | 8 | 8 | 8 | 8 | 8 | 8 |
Cash flows
CSVFiscal years (BWFG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 6 | 27 | 37 | 37 | 10 | 35 |
| Stock-based compensation | 2 | 2 | 2 | 3 | 3 | 2 |
| Depreciation and amortization | 3 | 4 | 3 | 4 | 4 | 4 |
| Net cash from operating activities | (2) | 35 | 83 | 32 | 30 | 28 |
| Purchases of property and equipment | — | — | 5 | 2 | 1 | 1 |
| Net cash from investing activities | (22) | (270) | (811) | (48) | (34) | (165) |
| Share repurchases | 1 | 5 | 6 | 0 | 2 | 1 |
| Dividends paid | 4 | 5 | 6 | 6 | 6 | 6 |
| Net cash from financing activities | 355 | 171 | 739 | (70) | 42 | 54 |
| Net change in cash | 332 | (65) | 11 | (87) | 38 | (83) |
Compare with peers
SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Bankwell Financial Group | 203 | 0.7 | 10* | 8.0M | — | 10-QJun 30, 2026 |
| John Marshall Bancorp | 159 | not reported | 5* | 14.1M | — | 10-QJun 30, 2026 |
| Primis Financial | 177 | not reported | (5.7)* | 24.8M | 31.0 quarters | 10-QJun 30, 2026 |
| PCB Bancorp | 265 | 0.8 | 1.4* | 14.0M | — | 10-QJun 30, 2026 |
| Mechanics Bancorp | 554 | 14 | 53* | not reported | — | 10-QJun 30, 2026 |
| Fidelity D & D Bancorp | 208 | not reported | 21* | 5.8M | — | 10-QJun 30, 2026 |
| Norwood Financial | 60 | 2.1 | 8.9* | 10.9M | — | 10-QJun 30, 2026 |
| Isabella Bank | 139 | not reported | 5.4* | 7.7M | — | 10-QSep 30, 2026 |
| First Internet Bancorp | 411 | not reported | 24* | 8.7M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.