Bankwell Financial Group, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $49.1m $54.4m $56.3m $53.8m $788k $872k $1.1m $1.6m $2.0m $2.8m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $693k $1.2m $1.1m $1.0m $967k $1.0m $1.1m $1.2m $1.4m $1.4m
Amortization of Intangible Assets $151k $118k $92k $75k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0
Preferred Stock Dividends, Income Statement Impact $0
Realized Investment Gains (Losses) $115k
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $412k $680k $794k $87k $514k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $33.9m $48.0m $48.0m $13.3m $48.5m
Net Income (Loss) Attributable to Parent $12.3m $13.8m $17.4m $18.2m $5.9m $26.6m $37.4m $36.7m $9.8m $35.2m
Net Income (Loss) Available to Common Stockholders, Basic $12.3m $13.8m $17.4m $18.2m $5.9m $26.1m $36.6m $35.7m $9.5m $34.8m
Earnings Per Share, Basic $1.64 $1.80 $2.23 $2.32 $0.75 $3.38 $4.84 $4.71 $1.24 $4.49
Earnings Per Share, Diluted $1.62 $1.78 $2.21 $2.31 $0.75 $3.36 $4.79 $4.67 $1.23 $4.45
Common Stock, Dividends, Per Share, Declared $0.22 $0.28 $0.48 $0.52 $0.56 $0.64 $0.80 $0.80 $0.80 $0.80
Weighted Average Number of Shares Outstanding, Basic 7.4m 7.6m 7.7m 7.8m 7.7m 7.7m 7.6m 7.6m 7.7m 7.8m
Weighted Average Number of Shares Outstanding, Diluted 7.5m 7.7m 7.8m 7.8m 7.7m 7.8m 7.6m 7.6m 7.7m 7.8m
Noninterest expense:
Labor and Related Expense $16.0m $16.3m $19.0m $19.4m $21.4m $18.3m $22.2m $24.6m $23.7m $30.3m
Current Income Tax Expense (Benefit) $7.1m $7.9m $2.4m $4.5m $4.9m $5.6m $12.5m $11.6m $4.0m $15.1m
Interest Expense $11.9m $16.8m $23.7m $29.2m $22.7m $13.5m $23.2m $94.0m $108.7m $99.4m
Income Tax Expense (Benefit) $6.0m $11.3m $3.7m $4.7m $1.4m $7.3m $10.6m $11.4m $3.6m $13.3m
Total interest expense $11.9m $16.8m $23.7m $29.2m $22.7m $13.5m $23.2m $94.0m $108.7m $99.4m
Interest Income (Expense), Net $49.1m $54.4m $56.3m $53.8m $54.8m $67.9m $94.7m $94.5m $83.3m $98.9m