Financial Snapshot

Revenue
$1.374M
TTM
Gross Margin
Net Earnings
$14.98M
TTM
Current Assets
Current Liabilities
$45.59M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$267.9M
Q3 2024
Cash
Q3 2024
P/E
17.26
Nov 29, 2024 EST
Free Cash Flow
$14.28M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $1.629M $1.072M $81.38M $77.49M $82.95M $80.06M $71.20M $60.99M
YoY Change 51.96% -98.68% 5.02% -6.58% 3.6% 12.45% 16.74%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $1.629M $1.072M $81.38M $77.49M $82.95M $80.06M $71.20M $60.99M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.623M $3.400M $3.600M $3.300M $3.400M $1.700M $1.513M $1.729M $1.690M $1.240M $670.0K $610.0K $540.0K
YoY Change 6.56% -5.56% 9.09% -2.94% 100.0% 12.36% -12.49% 2.31% 36.29% 85.07% 9.84% 12.96%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $93.99M $23.20M $13.49M $22.65M $29.19M $23.74M $16.84M $11.90M
YoY Change 305.08% 71.99% -40.45% -22.39% 22.95% 40.99% 41.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income $48.04M $47.98M $33.86M $7.301M $22.94M $21.15M $25.13M $18.31M $13.87M $6.740M $7.350M $1.870M $3.200M
YoY Change 0.13% 41.71% 363.79% -68.18% 8.46% -15.82% 37.24% 32.01% 105.79% -8.3% 293.05% -41.56% 344.44%
Income Tax $11.38M $10.55M $7.275M $1.397M $4.726M $3.720M $11.30M $5.960M $4.840M $2.170M $2.180M $660.0K $1.000M
% Of Pretax Income 23.69% 22.0% 21.48% 19.13% 20.6% 17.59% 44.96% 32.55% 34.9% 32.2% 29.66% 35.29% 31.25%
Net Earnings $35.71M $37.43M $26.59M $5.904M $18.22M $17.43M $13.83M $12.35M $9.030M $4.570M $5.160M $1.210M $2.200M
YoY Change -4.61% 40.78% 350.3% -67.59% 4.49% 26.05% 11.98% 36.77% 97.59% -11.43% 326.45% -45.0% 331.37%
Net Earnings / Revenue 2191.84% 3491.51% 32.67% 7.62% 21.96% 21.77% 19.42% 20.25%
Basic Earnings Per Share $4.71 $4.84 $3.38 $0.75 $2.32 $2.23 $1.80 $1.64
Diluted Earnings Per Share $4.67 $4.79 $3.36 $0.75 $2.31 $2.21 $1.78 $1.62 $1.265M $814.6K $1.496M $197.4K $358.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $27.02M $27.20M $25.60M $21.80M $28.50M $19.80M $18.20M $17.80M $11.20M $11.90M $7.100M $2.500M $2.400M
YoY Change -0.67% 6.25% 17.43% -23.51% 43.94% 8.79% 2.25% 58.93% -5.88% 67.61% 184.0% 4.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.383M $7.422M $9.900M $13.90M $5.800M $4.300M $4.900M $9.100M $8.300M $7.200M $5.800M $2.800M $2.500M
YoY Change 26.42% -25.03% -28.78% 139.66% 34.88% -12.24% -46.15% 9.64% 15.28% 24.14% 107.14% 12.0%
Total Long-Term Assets
YoY Change
Total Assets $3.215B $3.252B $2.456B $2.254B $1.882B $1.874B $1.797B $1.629B $1.330B $1.100B $779.6M $610.0M $477.4M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $53.77M $54.20M $45.80M $49.60M $32.70M $12.10M $13.10M $8.900M $6.700M $5.900M $4.600M $5.400M $3.100M
YoY Change -0.8% 18.35% -7.66% 51.68% 170.25% -7.63% 47.19% 32.84% 13.56% 28.26% -14.81% 74.19%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.77M $54.20M $45.80M $49.60M $32.70M $12.10M $13.10M $8.900M $6.700M $5.900M $4.600M $5.400M $3.100M
YoY Change -0.8% 18.35% -7.66% 51.68% 170.25% -7.63% 47.19% 32.84% 13.56% 28.26% -14.81% 74.19%
Long-Term Debt $69.21M $68.96M $34.40M $25.30M $25.20M $25.20M $25.10M $25.10M $25.00M $0.00 $0.00 $0.00 $0.00
YoY Change 0.36% 100.46% 35.97% 0.4% 0.0% 0.4% 0.0% 0.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $69.21M $68.96M $34.40M $25.30M $25.20M $25.20M $25.10M $25.10M $25.00M $0.00 $0.00 $0.00 $0.00
YoY Change 0.36% 100.46% 35.97% 0.4% 0.0% 0.4% 0.0% 0.4%
Total Liabilities $2.950B $3.014B $2.254B $2.077B $1.700B $1.700B $1.636B $1.483B $1.199B $970.3M $710.1M $558.5M $428.2M
YoY Change -2.13% 33.7% 8.53% 22.2% 0.02% 3.91% 10.29% 23.73% 23.53% 36.64% 27.14% 30.43%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $258.47 Million

About Bankwell Financial Group, Inc.

Bankwell Financial Group, Inc. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Bankwell Bank. The company is headquartered in New Canaan, Connecticut and currently employs 126 full-time employees. The company went IPO on 2014-05-15. The firm offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state chartered commercial bank. The Bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and medium-sized businesses and real estate construction and development loans. Its depository products include checking, savings, money market and certificates of deposit at a variety of rates. The Bank operates nine branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The Bank provides a range of services to clients in its market, an area encompassing approximately a 100-mile radius around its branch network.

Industry: State Commercial Banks Peers: COLONY BANKCORP INC FIDELITY D & D BANCORP INC First Guaranty Bancshares, Inc. First Western Financial Inc NORTHRIM BANCORP INC Orange County Bancorp, Inc. /DE/ PNC FINANCIAL SERVICES GROUP, INC. River Financial Corp Southern States Bancshares, Inc. Third Coast Bancshares, Inc.