Bankwell Financial Group, Inc. (BWFG) - Quarterly Income Statement

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BWFG
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37.86 (USD) • At close July 3, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2007 Q3	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2	2006 Q1	2005 Q4	2005 Q3	2005 Q2	2005 Q1	2004 Q4	2004 Q3	2004 Q2	2004 Q1
Revenue Numbers are in millions	49.982	48.807	49.347	48.362	49.196	50.523	49.049	47.907	45.817	40.121	30.088	27.516	23.26	22.718	22.051	21.532	20.733	19.767	19.536	19.9	21.168	20.981	22.045	22.382	22.784	22.144	21.359	20.521	19.94	20.27	19.172	18.686	17.702	17.043	16.383	15.564	14.676	14.748	14.397	13.242	11.872	11.849	9.425	8.726	8.63	7.911	8.204	8.425	6.96	3.028	2.493	2.323	2.335	2.428	2.248	2.032	1.822	1.861	1.692	1.448	1.21	1.182	1.154	0.926
Cost of Revenue Numbers are in millions	26.874	32.102	33.77	34.643	30.817	26.189	23.993	25.094	19.576	17.056	7.466	1.096	3.021	3.09	3.024	3.493	3.826	5.551	6.026	8.685	9.995	7.361	8.255	6.61	7.398	9.871	6.576	5.816	4.915	4.32	4.885	4.942	4.031	4.102	4.325	4.133	3.252	3.026	3.758	2.301	2.112	2.55	1.639	0.966	0.926	0.891	0.774	0.905	0.781	1.074	0.831	0.844	0.905	0.896	0.754	0.647	0.585	0.528	0.473	0.399	0.321	0.164	0.156	0.163
Gross Profit Numbers are in millions	23.108	16.705	15.577	13.719	18.379	24.334	25.056	22.813	26.241	23.065	22.622	26.42	20.239	19.628	19.027	18.039	16.907	14.216	13.51	11.215	11.173	13.62	13.79	15.772	15.386	12.273	14.783	14.705	15.025	15.95	14.287	13.744	13.671	12.941	12.058	11.431	11.424	11.722	10.639	10.941	9.76	9.299	7.786	7.76	7.704	7.02	7.43	7.52	6.179	1.954	1.662	1.479	1.43	1.532	1.494	1.385	1.237	1.333	1.219	1.049	0.889	1.018	0.998	0.763
Gross Profit Ratio Numbers are in millions	0.462	0.342	0.316	0.283	0.373	0.482	0.511	0.476	0.573	0.575	0.752	0.96	0.87	0.869	0.869	0.837	0.815	0.719	0.692	0.564	0.528	0.649	0.626	0.705	0.675	0.554	0.692	0.717	0.754	0.787	0.745	0.736	0.772	0.759	0.736	0.734	0.778	0.795	0.739	0.826	0.822	0.785	0.826	0.897	0.893	0.887	0.911	0.893	0.888	0.645	0.667	0.637	0.618	0.631	0.665	0.682	0.679	0.716	0.72	0.724	0.735	0.861	0.865	0.824
Reseach & Development Expenses Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
General & Administrative Expenses Numbers are in millions	8.179	6.26	7.368	7.187	8.121	7.719	7.424	7.893	7.535	7.264	6.456	6.034	5.515	5.372	5.404	4.587	5.489	6.046	5.772	5.797	5.745	5.386	4.991	4.846	5.148	4.957	5.366	5.016	5.457	5.057	4.424	4.286	4.545	4.7	4.214	4.125	4.135	4.631	4.1	4.361	4.268	4.455	3.083	3.534	3.599	3.363	3.072	2.996	2.761	1.002	0.826	0.822	0.676	0.749	0.719	0.695	0.69	0.654	0.677	0.588	0.648	0.6	0.603	0.502
Selling & Marketing Expenses Numbers are in millions	0.142	0.175	0.073	0.09	0.114	0.139	0.184	0.177	0.151	0.112	0.102	0.107	0.045	0.087	0.186	0.14	-0.009	0.118	0.151	0.199	0.162	0.22	0.21	0.348	0.193	0.416	0.395	0.479	0.297	0.321	0.295	0.311	0.266	0.304	0.242	0.263	0.139	0.278	0.288	0.271	0.148	0.211	0.135	0.218	0.11	0.152	0.378	0.27	0.128	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	8.321	6.435	7.441	7.277	8.235	7.858	7.608	8.07	7.686	7.376	6.558	6.141	5.56	5.459	5.59	4.727	5.48	6.164	5.923	5.996	5.907	5.606	5.201	5.194	5.341	5.373	5.761	5.495	5.754	5.378	4.719	4.597	4.811	5.004	4.456	4.388	4.274	4.909	4.388	4.632	4.416	4.666	3.218	3.752	3.709	3.515	3.45	3.266	2.889	1.002	0.826	0.822	0.676	0.749	0.719	0.695	0.69	0.654	0.677	0.588	0.744	0.6	0.603	0.502
Other Expenses Numbers are in millions	5.82	6.209	5.424	4.968	5.062	5.006	4.597	4.571	5.005	5.095	4.473	4.795	4.365	4.22	4.78	5.325	4.158	7.539	3.806	3.726	3.752	3.618	3.471	3.561	3.634	3.423	3.109	3.269	3.449	3.201	3.41	2.984	3.423	2.764	3.025	2.827	2.806	2.772	2.77	2.748	2.556	3.677	2.312	2.145	2.332	2.229	1.881	1.865	1.709	0.608	0.572	0.544	0.52	0.557	0.535	0.485	0.547	0.679	0.542	0.461	0.145	0.418	0.395	0.261
Operating Expenses Numbers are in millions	14.141	12.644	12.865	12.245	13.297	12.864	12.205	12.641	12.691	12.471	11.031	10.936	9.925	9.679	10.37	10.052	9.638	13.703	9.729	9.722	9.659	9.224	8.672	8.755	8.975	8.796	8.87	8.764	9.203	8.579	8.129	7.581	8.234	7.768	7.481	7.215	7.08	7.681	7.158	7.38	6.972	8.343	5.53	5.897	6.041	5.744	5.331	5.131	4.598	1.61	1.398	1.366	1.196	1.306	1.254	1.18	1.237	1.333	1.219	1.049	0.889	1.018	0.998	0.763
Operating Income Numbers are in millions	8.967	4.061	2.712	1.474	5.082	11.47	12.851	10.172	13.55	10.594	11.591	15.484	10.314	9.949	8.657	7.987	7.269	0.513	3.781	1.493	1.514	4.396	5.118	7.017	6.411	3.477	5.913	5.941	5.822	7.371	6.158	6.163	5.437	5.173	4.577	4.216	4.344	4.041	3.481	3.561	2.788	0.956	2.256	1.863	1.663	1.276	2.099	2.389	1.581	0.344	0.264	0.113	0.234	0.226	0.24	0.205	1.778	0.634	0.465	0.324	-0.011	0.109	0.096	0.005
Operating Income Ratio Numbers are in millions	0.179	0.083	0.055	0.03	0.103	0.227	0.262	0.212	0.296	0.264	0.385	0.563	0.443	0.438	0.393	0.371	0.351	0.026	0.194	0.075	0.072	0.21	0.232	0.314	0.281	0.157	0.277	0.29	0.292	0.364	0.321	0.33	0.307	0.304	0.279	0.271	0.296	0.274	0.242	0.269	0.235	0.081	0.239	0.213	0.193	0.161	0.256	0.284	0.227	0.114	0.106	0.049	0.1	0.093	0.107	0.101	0.976	0.341	0.275	0.224	-0.009	0.092	0.083	0.005
Total Other Income Expenses Net Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Before Tax Numbers are in millions	8.967	4.061	2.712	1.474	5.082	11.47	12.851	10.172	13.55	10.594	11.591	15.484	10.314	9.949	8.657	7.987	7.269	0.513	3.781	1.493	1.514	4.396	5.118	7.017	6.411	3.477	5.913	5.941	5.822	7.371	6.158	6.163	5.437	5.173	4.577	4.216	4.344	4.041	3.481	3.561	2.788	0.956	2.256	1.863	1.663	1.276	2.099	2.389	1.581	0.344	0.264	0.113	0.234	0.226	0.24	0.205	0	0	0	0	0	0	0	0
Income Before Tax Ratio Numbers are in millions	0.179	0.083	0.055	0.03	0.103	0.227	0.262	0.212	0.296	0.264	0.385	0.563	0.443	0.438	0.393	0.371	0.351	0.026	0.194	0.075	0.072	0.21	0.232	0.314	0.281	0.157	0.277	0.29	0.292	0.364	0.321	0.33	0.307	0.304	0.279	0.271	0.296	0.274	0.242	0.269	0.235	0.081	0.239	0.213	0.193	0.161	0.256	0.284	0.227	0.114	0.106	0.049	0.1	0.093	0.107	0.101	0	0	0	0	0	0	0	0
Income Tax Expense Numbers are in millions	2.079	1.098	0.786	0.356	1.319	2.946	3.074	2.189	3.171	2.573	2.417	3.462	2.102	2.135	1.802	1.759	1.579	0.177	0.79	0.279	0.151	0.924	1.03	1.441	1.331	0.216	1.056	1.226	1.222	5.275	1.895	2.394	1.735	1.85	1.437	1.32	1.353	1.423	1.228	1.275	0.915	0.229	0.765	0.636	0.54	-0.086	0.78	0.921	0.569	0.144	0.11	0.048	0.117	0.095	0.101	0.08	-1.317	-0.226	-0.102	-0.035	0.197	0.034	0.026	0.123
Net Income Numbers are in millions	6.888	2.963	1.926	1.118	3.763	8.524	9.777	7.983	10.379	8.021	9.174	12.022	8.212	7.814	6.855	6.228	5.69	0.336	2.991	1.214	1.363	3.472	4.088	5.576	5.08	3.261	4.857	4.715	4.6	2.096	4.263	3.769	3.702	3.323	3.14	2.896	2.991	2.618	2.253	2.286	1.873	0.727	1.491	1.227	1.123	1.362	1.319	1.468	1.012	0.2	0.154	0.065	0.117	0.131	0.139	0.125	1.317	0.226	0.102	0.035	-0.197	-0.034	-0.026	-0.123
Net Income Ratio Numbers are in millions	0.138	0.061	0.039	0.023	0.076	0.169	0.199	0.167	0.227	0.2	0.305	0.437	0.353	0.344	0.311	0.289	0.274	0.017	0.153	0.061	0.064	0.165	0.185	0.249	0.223	0.147	0.227	0.23	0.231	0.103	0.222	0.202	0.209	0.195	0.192	0.186	0.204	0.178	0.156	0.173	0.158	0.061	0.158	0.141	0.13	0.172	0.161	0.174	0.145	0.066	0.062	0.028	0.05	0.054	0.062	0.062	0.723	0.121	0.06	0.024	-0.162	-0.029	-0.023	-0.133
EPS Numbers are in millions	0.88	0.32	0.24	0.14	0.48	1.09	1.25	1.02	1.34	1.04	1.19	1.56	1.05	1	0.88	0.79	0.72	0.04	0.38	0.16	0.17	0.44	0.52	0.71	0.65	0.42	0.62	0.6	0.59	0.27	0.55	0.49	0.49	0.44	0.42	0.38	0.4	0.35	0.31	0.31	0.26	0.1	0.22	0.23	0.16	0.21	0.19	0.22	0.15	0.13	0.1	0.044	0.079	0.088	0.093	0.084	0.88	0.15	0.068	0.024	-0.13	-0.026	-0.02	-0.094
EPS Diluted Numbers are in millions	0.87	0.32	0.24	0.14	0.48	1.09	1.25	1.02	1.33	1.04	1.18	1.55	1.04	0.99	0.87	0.79	0.71	0.04	0.38	0.16	0.17	0.44	0.52	0.71	0.65	0.41	0.62	0.6	0.59	0.27	0.55	0.49	0.48	0.43	0.41	0.38	0.4	0.35	0.31	0.31	0.26	0.1	0.22	0.23	0.16	0.21	0.19	0.22	0.15	0.13	0.1	0.044	0.079	0.088	0.093	0.084	0.88	0.15	0.068	0.024	-0.13	-0.026	-0.02	-0.094
EBITDA Numbers are in millions	9.941	5.031	3.646	2.405	6.022	12.41	13.754	11.068	14.434	11.484	12.477	16.322	11.066	10.81	9.528	9.038	8.069	1.251	4.605	2.359	2.362	5.239	6.021	7.863	7.253	3.95	6.39	6.359	6.186	7.85	6.432	6.511	5.849	5.597	5.017	4.653	4.772	4.47	3.904	3.991	3.191	1.36	2.594	2.154	1.869	1.502	2.236	2.536	1.737	0.344	0.264	0.113	0.234	0.226	0.24	0.205	1.778	0.634	0.465	0.324	-0.011	0.109	0.096	0.005
EBITDA Ratio Numbers are in millions	0.199	0.103	0.074	0.05	0.122	0.246	0.28	0.231	0.315	0.286	0.415	0.593	0.476	0.476	0.432	0.42	0.389	0.063	0.236	0.119	0.112	0.25	0.273	0.351	0.318	0.178	0.299	0.31	0.31	0.387	0.335	0.348	0.33	0.328	0.306	0.299	0.325	0.303	0.271	0.301	0.269	0.115	0.275	0.247	0.217	0.19	0.273	0.301	0.25	0.114	0.106	0.049	0.1	0.093	0.107	0.101	0.976	0.341	0.275	0.224	-0.009	0.092	0.083	0.005

Bankwell Financial Group, Inc.

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