Bankwell Financial Group, Inc. (BWFG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	216.7M	207.7M	195.7M	193.3M	121.0M
Cost of Revenue	95.8M	100.4M	131.3M	94.9M	28.6M
Gross Profit	120.8M	107.3M	64.4M	98.4M	92.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	44.2M	34.9M	29.4M	31.2M	25.6M
General & Admin Expense	43.7M	34.3M	28.9M	30.6M	25.3M
Selling & Marketing Expense	503.0K	608.0K	452.0K	651.0K	366.0K
Other Expenses	18.2M	23.9M	21.7M	19.2M	18.7M
Total Operating Expenses	62.4M	58.8M	51.1M	50.4M	44.4M
Cost and Expenses	158.3M	159.2M	182.4M	145.3M	73.0M
Operating Income (EBIT)	58.4M	48.5M	13.3M	48.0M	48.0M
Non-Operating
Interest Income	204.0M	198.3M	192.0M	188.5M	117.9M
Interest Expense	94.7M	99.4M	108.7M	94.0M	23.2M
Net Interest Income	109.3M	98.9M	83.3M	94.5M	94.7M
Other Non-Op Income/Expense	(24.0K)	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	58.4M	48.5M	13.3M	48.0M	48.0M
Income Tax Expense	15.5M	13.3M	3.6M	11.4M	10.6M
Bottom Line
Net Income	42.9M	35.2M	9.8M	36.7M	37.4M
Earnings from Cont. Ops	42.9M	35.2M	9.8M	36.7M	37.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	42.7M	34.8M	9.5M	35.7M	36.6M
Per Share
Basic EPS	$5.43	$4.49	$1.24	$4.71	$4.84
Diluted EPS	$5.37	$4.45	$1.23	$4.67	$4.79
Revenue Per Share	$27.81	$26.80	$25.38	$25.47	$16.00
Shares
Basic Shares Outstanding	7.8M	7.8M	7.7M	7.6M	7.6M
Diluted Shares Outstanding	7.9M	7.8M	7.7M	7.6M	7.6M
Profitability Metrics
EBITDA	61.6M	52.6M	17.1M	51.7M	51.3M
D&A	3.2M	4.1M	3.8M	3.6M	3.4M
EBIT	58.4M	48.5M	13.3M	48.0M	48.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026