Bankwell Financial Group Inc

Bankwell Financial Group Inc

BWFG · NASDAQ · Financial Services / Banks - Regional

72.34USD+0.83 (+1.16%)

Price History

Full chart

Market Stats

Previous Close71.51
Open70.40
Day Range70.40 – 72.39
52-Week Range39.83 – 69.38
Volume119.53K
Market Cap526.15M
P/E (TTM)12.13
Forward P/E8.14
EPS5.44
Dividend Yield1.22%
Beta0.57
50-Day Avg65.79
200-Day Avg54.40

About

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It provides various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also offers first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and personal loans. It operates branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Christopher R. Gruseke
  • Employees167
  • Headquarters258 Elm Street, New Canaan, CT, United States, 06840, USA
  • Websitehttps://www.mybankwell.com

Leadership

  • Mr. Blake S. DrexlerExecutive Chairman · b. 1957
  • Mr. Christopher R. GrusekeCEO & Director · b. 1960
  • Mr. Matthew J. McNeillPresident & Chief Banking Officer · b. 1978
  • Mr. Ryan Jason HildebrandExecutive VP & Chief Innovation Officer · b. 1984
  • Mr. Todd H. Lampert Esq.Independent Director & Corporate Secretary · b. 1963
  • Ms. Courtney E. SacchettiExecutive VP & CFO · b. 1977
  • Mr. Angelo Fusaro CPAPrincipal Accounting Officer · b. 1986
  • Mr. Brian MerrittChief Technology Officer
  • Ms. Christine A. ChivilyExecutive VP & Chief Credit Officer · b. 1959
  • Mr. Daniel S. DiGirolamoSenior VP & Director of Commercial Credit

Financials

Income Statement

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.58M4.47M5.30M5.98M10.74M12.95M14.85M18.29M21.72M24.74M31.48M38.63M54.24M63.67M75.83M83.96M88.19M80.37M87.03M120.98M193.30M195.71M207.72M
Growth (%)-+24.98%+18.56%+12.82%+79.59%+20.51%+14.65%+23.18%+18.77%+13.91%+27.24%+22.71%+40.40%+17.38%+19.11%+10.73%+5.04%-8.87%+8.29%+39.01%+59.77%+1.25%+6.13%
Cost of Revenue822.00K804.00K1.99M3.20M10.74M12.95M14.85M18.29M3.92M5.01M3.35M6.08M11.20M15.81M18.18M27.18M29.62M30.26M13.43M28.64M94.85M131.33M100.43M
Gross Profit2.76M3.67M5.30M5.98M----17.80M19.73M28.13M32.55M43.04M47.85M57.65M56.79M58.57M50.11M73.60M92.35M98.44M64.38M107.28M
Gross Margin77.03%82.03%100.00%100.00%----81.96%79.74%89.36%84.26%79.36%75.16%76.03%67.63%66.41%62.35%84.57%76.33%50.93%32.90%51.65%
Operating Expense3.07M3.47M3.28M2.02M----14.60M17.86M20.79M25.81M29.17M29.54M32.52M35.63M35.63M42.81M39.74M44.36M50.40M51.05M58.79M
Operating Income-313.37K199.09K2.02M3.96M1.11M-442.00K-1.10M721.00K3.20M1.87M7.34M6.74M13.87M18.31M25.13M21.15M22.94M7.30M33.86M47.98M48.04M13.33M48.49M
Operating Margin-8.76%4.45%38.17%66.27%10.32%-3.41%-7.42%3.94%14.74%7.56%23.33%17.44%25.57%28.76%33.14%25.19%26.01%9.08%38.91%39.66%24.85%6.81%23.35%
EBITDA144.00K183.00K2.02M3.96M1.30M-200.00K-727.00K1.17M3.74M2.48M8.01M7.98M15.56M20.04M26.64M22.89M26.32M10.58M37.44M51.35M51.67M17.10M52.58M
EBITDA Margin4.02%4.09%38.17%66.27%12.08%-1.54%-4.90%6.42%17.23%10.04%25.45%20.65%28.68%31.48%35.13%27.26%29.84%13.16%43.02%42.44%26.73%8.74%25.31%
Net Income-870.00K-380.00K1.68M512.00K684.00K-443.00K-830.00K507.00K2.20M1.21M5.16M4.57M9.03M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M35.20M
Net Income Margin-24.31%-8.50%31.68%8.56%6.37%-3.42%-5.59%2.77%10.15%4.91%16.39%11.83%16.65%19.40%18.24%20.76%20.65%7.35%30.55%30.94%18.97%4.99%16.95%
R&D-----------00000-------
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%0.00%-------
Interest Expense556.64K578.71K1.52M3.06M---835.00K2.87M3.19M2.77M3.93M7.97M11.90M16.84M23.74M29.19M22.65M13.49M23.20M93.99M108.71M99.39M
Interest Expense % of Total Revenue15.55%12.94%28.68%51.14%---4.57%13.21%12.90%8.78%10.17%14.69%18.69%22.20%28.27%33.09%28.18%15.50%19.18%48.62%55.55%47.85%

Balance Sheet

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets75.79M100.09M130.14M149.14M190.91M247.04M328.24M395.89M478.03M610.02M779.62M1.10B1.33B1.63B1.80B1.87B1.88B2.25B2.46B3.25B3.22B3.27B3.36B
Total Liabilities66.03M90.69M117.37M135.51M160.67M215.46M292.55M355.54M428.84M558.48M710.13M970.32M1.20B1.48B1.64B1.70B175.21M200.26M84.44M3.01B2.95B3.00B3.06B
Total Equity9.77M9.40M12.77M13.63M30.23M31.58M35.70M40.35M49.19M51.53M69.48M129.21M131.77M145.90M161.03M174.20M1.71B2.05B2.37B238.47M265.75M270.52M301.49M
Cash1.37M2.62M5.02M3.39M-----28.93M82.01M48.56M49.56M96.03M70.55M75.41M78.05M405.34M291.60M344.93M267.52M293.55M224.92M
Total Debt-16.50M14.00M16.50M15.00M43.00M46.00M44.00M58.00M91.00M44.00M129.00M145.00M185.05M224.10M185.16M177.11M202.08M86.70M161.13M159.21M159.45M179.70M
Net Debt-1.38M13.88M8.98M13.11M15.00M43.00M46.00M44.00M58.00M62.07M-38.01M80.44M95.44M89.03M153.56M109.74M97.16M-205.08M-207.16M-185.97M-108.32M-134.10M-45.22M

Cash Flow

Currency: USD2003-12-312004-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.65M-858.00K3.60M37.00K-3.92M843.00K6.46M8.17M2.95M9.17M13.15M17.37M20.57M19.98M6.63M-1.51M34.56M82.67M31.93M29.94M28.27M
Investing Cash Flow-26.96M-33.17M-35.69M-58.09M-62.92M-55.99M-116.56M-114.19M-51.71M-238.70M-193.55M-291.69M-194.46M-74.61M18.69M-21.94M-270.02M-811.16M-48.30M-33.96M-165.19M
Financing Cash Flow33.00M24.78M38.39M57.46M81.07M66.82M77.73M127.85M101.84M196.07M220.44M282.08M148.27M62.02M-25.38M355.00M170.55M739.49M-70.15M42.39M54.31M
Capital Expenditure248.00K176.00K295.00K1.11M255.00K1.43M96.00K684.00K908.00K2.04M938.00K8.40M1.87M3.35M645.00K4.96M4.96M4.96M2.04M613.00K1.14M
Free Cash Flow1.40M-1.03M3.31M-1.08M-4.17M-591.00K6.37M7.48M2.04M7.13M12.21M8.97M18.70M16.63M5.99M-1.51M34.56M77.71M29.88M29.32M27.13M
Dividends Paid----187.00K261.00K206.00K132.00K111.00K110.00K501.00K1.66M2.15M3.76M4.08M4.39M5.03M6.19M6.24M6.28M6.27M
FCF to OCF84.95%120.51%91.81%-2908.19%106.51%-70.11%98.52%91.62%69.21%77.73%92.87%51.64%90.89%83.23%90.27%100.00%100.00%94.00%93.59%97.95%95.95%
Dividend Paid to FCF-----4.48%-44.16%3.23%1.76%5.44%1.54%4.10%18.52%11.49%22.61%68.14%-290.28%14.54%7.96%20.89%21.43%23.10%

Earnings

Report DateSep 30, 2010Dec 31, 2010Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Feb 26, 2014May 28, 2014Jul 31, 2014Oct 30, 2014Jan 29, 2015Apr 30, 2015Jul 27, 2015Oct 29, 2015Jan 27, 2016Apr 27, 2016Jul 27, 2016Oct 26, 2016Jan 25, 2017Apr 26, 2017Jul 26, 2017Oct 18, 2017Jan 31, 2018Apr 27, 2018Jul 26, 2018Oct 30, 2018Jan 30, 2019Apr 24, 2019Jul 30, 2019Oct 30, 2019Jan 27, 2020Apr 29, 2020Jul 28, 2020Oct 28, 2020Jan 27, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 24, 2024Jul 24, 2024Oct 28, 2024Jan 22, 2025Apr 23, 2025Jul 28, 2025Oct 23, 2025Jan 29, 2026Apr 22, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate-----------0.200.200.220.290.260.280.340.350.390.390.430.460.480.550.520.540.590.620.560.560.550.540.470.310.240.310.310.590.730.820.870.911.021.031.291.010.870.930.870.720.10-0.080.650.730.841.061.191.221.251.41
EPS Actual0.03-0.070.190.250.130.110.300.420.370.340.280.250.230.250.260.310.310.360.400.380.410.430.480.490.550.530.590.600.620.360.650.710.520.440.170.160.380.370.710.790.870.991.041.551.181.041.331.021.251.090.480.140.240.320.871.151.271.151.411.52-
Surprise-----------25.00%15.00%13.64%-10.34%19.23%10.71%5.88%14.29%-2.56%5.13%0.00%4.35%2.08%0.00%1.92%9.26%1.69%0.00%-35.71%16.07%29.09%-3.70%-6.38%-45.16%-33.33%22.58%19.35%20.34%8.22%6.10%13.79%14.29%51.96%14.56%-19.38%31.68%17.24%34.41%25.29%-33.33%40.00%400.00%-50.77%19.18%36.90%19.81%-3.36%15.57%21.60%-
Timing-----------Pre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-market

Key Statistics & Ratios

Market Cap526.15M
Enterprise Value407.00M
Trailing P/E12.13
Forward P/E8.14
PEG Ratio0.00
Price / Sales4.36
Price / Book1.61
EPS5.44
Book Value41.63
Revenue (TTM)120.63M
Gross Profit (TTM)120.63M
Profit Margin35.54%
Operating Margin53.34%
Return on Equity14.13%
Return on Assets1.28%
Shares Outstanding7.97M
Shares Float5.97M
Beta0.57
Dividend Yield1.22%
Dividend Rate0.80
Payout Ratio14.95%

Analyst Ratings

Buy
Based on 1 analystsTarget 69.50
  • Buy
    1

Ownership Breakdown

Institutions
65.62%
Insiders
15.60%
Retail / Other
18.78%

Top Institutional Holders

  • BlackRock Inc
    480.31K6.02%
  • Dimensional Fund Advisors, Inc.
    329.75K4.14%
  • Vanguard Capital Management, LLC
    282.91K3.55%
  • Pacific Ridge Capital Partners, LLC
    166.71K2.09%
  • Acadian Asset Management LLC
    164.68K2.07%
  • American Century Companies Inc
    158.20K1.98%
  • Geode Capital Management, LLC
    156.22K1.96%
  • State Street Corp
    130.83K1.64%
  • Two Sigma Investments LLC
    118.42K1.49%
  • Siena Capital Management, LLC
    116.14K1.46%
  • Hillsdale Investment Management Inc.
    111.00K1.39%
  • Renaissance Technologies Corp
    107.55K1.35%
  • Gm Advisory Group Inc
    106.50K1.34%
  • Banc Funds Co LLC
    96.42K1.21%
  • The Goldman Sachs Group Inc
    90.76K1.14%
  • Sontag Advisory LLC
    87.54K1.10%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    188.62K2.37%
  • iShares Russell 2000 ETF
    175.07K2.20%
  • Avantis US Small Cap Value ETF
    157.98K1.98%
  • CREF Total Global Stock Account R3
    69.83K0.88%

Dividends

20264×
0.20Nov 9, 20260.20Aug 10, 20260.20May 8, 20260.20Feb 10, 2026
20254×
0.20Nov 10, 20250.20Aug 11, 20250.20May 9, 20250.20Feb 11, 2025
20244×
0.20Nov 8, 20240.20Aug 12, 20240.20May 9, 20240.20Feb 12, 2024
20234×
0.20Nov 9, 20230.20Aug 11, 20230.20May 11, 20230.20Feb 10, 2023
20224×
0.20Nov 9, 20220.20Aug 12, 20220.20May 12, 20220.20Feb 11, 2022
20214×
0.18Nov 10, 20210.18Aug 13, 20210.14May 13, 20210.14Feb 11, 2021