Bankwell Financial Group Income Statement (2016-2025) | BWFG

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Income Statement	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & Cost
Provisions	0.65M	1.30M	1.22M	0.75M	0.54M	0.90M	0.40M	-0.49M	0.01M	0.31M	0.32M	2.79M	0.20M	-0.84M	0.77M	0.31M	3.19M	3.00M	0.71M	0.71M	-0.30M	-0.02M	0.13M	0.12M	0.23M	-1.45M	2.38M	4.27M	0.83M	2.58M	-1.58M	-0.96M	3.68M	8.18M	6.30M	4.46M	0.46M	-0.41M	0.37M
Revenue	12.07M	12.73M	13.28M	13.69M	14.21M	14.64M	14.69M	15.46M	0.26M	0.27M	0.28M	0.28M	0.25M	0.26M	0.26M	0.25M	0.22M	0.17M	0.19M	0.21M	0.20M	0.22M	0.20M	0.26M	0.24M	0.25M	0.24M	0.34M	0.29M	0.36M	0.29M	0.69M	0.30M	0.49M	0.57M	0.59M	0.60M	0.67M	0.78M
Interest income
Interest income - Loans	13.28M	13.97M	14.91M	15.91M	15.51M	16.66M	17.18M	17.49M	17.42M	18.11M	19.15M	20.03M	20.10M	19.54M	19.05M	18.65M	18.98M	18.46M	18.03M	18.19M	17.90M	19.27M	19.80M	21.08M	21.43M	25.14M	28.13M	36.55M	39.72M	42.48M	43.85M	44.12M	43.33M	43.06M	43.60M	42.85M	43.48M	44.13M	46.33M
Interest income - Investments	0.05M	0.04M	0.04M	0.03M	0.03M	0.03M	0.03M	0.03M
Interest Income - Debt Securities	0.68M	0.71M	0.69M	0.66M	0.84M	0.88M	0.93M	0.95M	0.94M	0.97M	1.00M	1.01M	1.00M	0.99M	0.90M	0.86M	0.82M	0.78M	0.80M	0.83M	0.77M	0.74M	1.03M	0.75M	0.72M	0.91M	0.82M	1.60M	1.00M	1.00M	1.22M	1.03M	1.13M	1.19M	1.39M	1.48M	1.45M	1.48M	1.41M
Other interest income	0.04M	0.03M	0.03M	0.07M	0.11M	0.15M	0.24M	0.29M	0.25M	0.33M	0.34M	0.50M	0.38M	0.51M	0.54M	0.43M	0.29M	0.09M	0.10M	0.12M	0.11M	0.09M	0.09M	0.09M	0.15M	0.45M	0.75M	2.15M	3.57M	3.02M	3.39M	4.16M	3.83M	3.43M	3.21M	3.51M	3.56M	3.04M	2.85M
Interest Income - Total	14.00M	14.71M	15.63M	16.64M	16.44M	17.69M	18.35M	18.73M	18.61M	19.41M	20.50M	21.54M	21.48M	21.05M	20.49M	19.93M	20.10M	19.32M	18.92M	19.15M	18.78M	20.09M	20.61M	21.89M	22.30M	26.36M	29.69M	39.59M	44.29M	46.51M	48.26M	49.39M	48.28M	47.68M	48.19M	47.84M	48.48M	48.65M	50.59M
Interest expenses
Interest Expense - Deposits	1.74M	1.96M	2.16M	2.44M	2.58M	3.10M	3.42M	3.60M	3.66M	4.31M	5.04M	5.94M	6.10M	6.32M	6.33M	5.95M	5.71M	4.81M	4.10M	3.56M	3.11M	2.74M	2.39M	2.20M	2.21M	1.98M	4.09M	11.08M	17.03M	20.78M	23.79M	25.31M	25.36M	24.68M	25.58M	25.64M	24.77M	23.08M	22.59M
Interest Expense - Debt	0.87M	0.87M	0.95M	0.92M	0.91M	0.95M	1.07M	1.21M	1.25M	1.20M	1.21M	1.13M	1.10M	1.13M	1.15M	1.10M	1.10M	0.88M	1.21M	1.28M	1.01M	0.77M	0.50M	0.77M	0.59M	0.56M	0.99M	1.70M	1.72M	1.74M	1.78M	1.84M	1.77M	1.78M	1.90M	2.00M	1.64M	1.63M	2.02M
Interest Expenses	2.61M	2.83M	3.11M	3.35M	3.49M	4.05M	4.49M	4.82M	4.90M	5.51M	6.25M	7.08M	7.20M	7.45M	7.48M	7.05M	6.81M	5.69M	5.31M	4.84M	4.12M	3.51M	2.89M	2.96M	2.79M	2.54M	5.08M	12.78M	18.75M	22.52M	25.57M	27.15M	27.13M	26.46M	27.47M	27.64M	26.41M	24.71M	24.60M
Interest Income - Net	11.40M	11.88M	12.53M	13.29M	12.95M	13.64M	13.86M	13.91M	13.71M	13.91M	14.25M	14.47M	14.27M	13.60M	13.01M	12.88M	13.29M	13.64M	13.61M	14.30M	14.65M	16.58M	17.72M	18.93M	19.51M	23.82M	24.60M	26.81M	25.54M	23.99M	22.69M	22.25M	21.15M	21.22M	20.72M	20.20M	22.07M	23.94M	25.99M
Non-interest income
Interest Income - Total	10.75M	10.58M	11.31M	12.54M	12.40M	12.75M	13.46M	14.41M	13.69M	13.60M	13.92M	11.67M	14.08M	14.44M	12.24M	12.57M	10.10M	10.64M	12.90M	13.60M	14.95M	16.60M	17.59M	18.80M	19.28M	25.27M	22.22M	22.54M	24.71M	21.41M	24.27M	23.20M	17.46M	13.04M	14.42M	15.74M	21.60M	24.35M	25.61M
Service Charges	0.24M	0.23M	0.24M	0.24M	0.24M	0.26M	0.25M	0.25M	0.26M	0.27M	0.28M
Investment Gain (Loss)				-0.21M	0.17M
Investment Banking Income	0.11M	0.11M	0.16M	0.08M	0.32M	0.20M	0.04M	0.87M	0.37M	0.32M	0.15M	0.15M	0.09M	0.62M	0.70M	0.38M			0.03M	0.02M	0.51M	0.81M	0.92M	0.44M	0.63M	0.61M	-0.01M	0.01M	0.93M	0.72M	0.24M	0.08M	0.32M	0.04M	0.13M	0.02M	0.44M	1.08M	1.37M
Other Non-Interest Income	0.17M	0.17M	0.18M	0.17M	0.38M	0.29M	0.38M	0.28M	0.26M	0.27M	0.27M	6.20M	0.72M	0.71M	1.48M	0.02M	0.61M	0.28M	0.24M	0.15M	1.01M	3.87M	0.30M	0.03M	0.26M	0.27M	0.27M	0.84M	1.06M	1.05M	1.03M	1.03M	3.68M	0.70M	15.83M	2.96M	0.78M	0.68M	0.61M
Non-Interest Income	0.67M	0.85M	0.75M	0.40M	1.27M	1.00M	0.82M	1.54M	1.33M	1.11M	0.86M	0.60M	1.31M	1.34M	1.55M	1.05M	1.07M	0.58M	0.61M	0.62M	1.96M	1.44M	1.44M	0.82M	0.96M	1.15M	0.40M	0.53M	1.53M	1.40M	0.79M	1.13M	0.92M	0.68M	1.16M	0.96M	1.50M	2.01M	2.50M
Operating Items
Amortization - Intangibles	0.04M	0.04M	0.04M	0.03M	0.03M	0.03M	0.03M	0.03M	0.02M	0.02M	0.02M	0.02M	0.12M	0.35M	0.02M	0.02M	0.07M	0.20M	0.02M
Research & Development	0.41M	0.38M	0.42M	0.40M	0.45M	0.40M	0.62M	0.40M	0.53M	0.51M	0.51M	0.49M	0.59M	0.55M	0.51M	0.50M	0.54M	0.49M	0.53M	1.66M	0.51M	0.83M	0.63M	0.43M	0.65M	0.69M	0.63M	0.66M	0.67M	0.73M	0.74M	0.75M	0.74M	0.76M	0.85M	0.91M	0.89M	0.71M	0.63M
Wages, Salaries and Other	3.81M	3.75M	3.84M	4.33M	3.93M	3.80M	3.95M	4.60M	5.03M	4.54M	4.90M	4.50M	4.84M	4.55M	4.88M	5.16M	5.38M	5.23M	5.29M	5.45M	4.77M	3.96M	4.78M	4.81M	4.94M	5.43M	5.88M	5.99M	6.08M	6.39M	6.04M	6.09M	6.29M	6.18M	6.22M	5.06M	7.05M	7.52M	8.00M
Rent Expense	1.41M	1.39M	1.44M	1.58M	1.69M	1.44M	1.45M	1.58M	1.62M	1.73M	1.77M	1.67M	1.89M	1.83M	1.95M	1.93M	1.91M	2.23M	2.27M	4.52M	2.41M	3.25M	2.62M	2.41M	2.15M	2.19M	2.04M	1.92M	2.08M	2.20M	2.15M	2.23M	2.32M	2.24M	2.33M	2.60M	2.58M	2.50M	2.47M
Other Operating Expenses	5.26M	5.45M	5.63M	5.79M	6.10M	5.74M	6.06M	6.59M	7.06M	6.52M	6.59M	6.64M	6.50M	6.37M	6.22M	6.80M	7.21M	6.99M	6.93M	7.53M	6.72M	5.97M	7.12M	6.84M	7.12M	8.05M	8.37M	9.89M	9.94M	9.71M	9.32M	9.89M	10.23M	9.25M	9.68M	9.14M	10.68M	11.33M	11.53M
Operating Expenses	7.08M	7.21M	7.48M	7.77M	8.23M	7.58M	8.13M	8.58M	9.20M	8.76M	8.87M	8.80M	8.97M	8.76M	8.67M	9.22M	9.66M	9.72M	9.73M	13.70M	9.64M	10.05M	10.37M	9.68M	9.93M	10.94M	11.03M	12.47M	12.69M	12.64M	12.21M	12.86M	13.30M	12.24M	12.87M	12.64M	14.14M	14.55M	14.63M
Operating Income									-9.24M	-8.98M	-8.98M	-8.93M	-8.92M	-8.57M	-8.62M	-9.20M	-9.60M	-9.75M	-9.69M	-13.61M	-9.45M	-9.97M	-10.36M	-9.51M	-9.73M	-10.79M	-10.89M	-12.24M	-12.56M	-12.46M	-12.10M	-12.31M	-13.11M	-11.84M	-12.36M	-12.23M	-13.68M	-14.09M	-13.99M
EBIT	6.95M	7.05M	7.68M	8.53M	8.93M	10.21M	10.64M	12.19M	-9.24M	-8.98M	-8.98M	-8.93M	-8.92M	-8.57M	-8.62M	-9.20M	-9.60M	-9.75M	-9.69M	-13.61M	-9.45M	-9.97M	-10.36M	-9.51M	-9.73M	-10.79M	-10.89M	-12.24M	-12.56M	-12.46M	-12.10M	-12.31M	-13.11M	-11.84M	-12.36M	-12.23M	-13.68M	-14.09M	-13.99M
Net income details
EBT	4.34M	4.22M	4.58M	5.17M	5.44M	6.16M	6.16M	7.37M	5.82M	5.94M	5.91M	3.48M	6.41M	7.02M	5.12M	4.40M	1.51M	1.49M	3.78M	0.51M	7.27M	7.99M	8.66M	9.95M	10.31M	15.48M	11.59M	10.59M	13.55M	10.17M	12.85M	11.47M	5.08M	1.47M	2.71M	4.06M	8.97M	11.81M	13.48M
Tax Provisions	1.35M	1.32M	1.44M	1.85M	1.74M	2.39M	1.90M	5.28M	1.22M	1.23M	1.06M	0.22M	1.33M	1.44M	1.03M	0.92M	0.15M	0.28M	0.79M	0.18M	1.58M	1.76M	1.80M	2.13M	2.10M	3.46M	2.42M	2.57M	3.17M	2.19M	3.07M	2.95M	1.32M	0.36M	0.79M	1.10M	2.08M	2.73M	3.40M
Profit After Tax	2.99M	2.90M	3.14M	3.32M	3.70M	3.77M	4.26M	2.10M	4.60M	4.71M	4.86M	3.26M	5.08M	5.58M	4.09M	3.47M	1.36M	1.21M	2.99M	0.34M	5.69M	6.23M	6.86M	7.81M	8.21M	12.02M	9.17M	8.02M	10.38M	7.98M	9.78M	8.52M	3.76M	1.12M	1.93M	2.96M	6.89M	9.09M	10.08M
Income from Continuing Operations	2.99M	2.90M	3.14M	3.32M	3.70M	3.77M	4.26M	2.10M	4.60M	4.71M	4.86M	3.26M	5.08M	5.58M	4.09M	3.47M	1.36M	1.21M	2.99M	0.34M	5.69M	6.23M	6.86M	7.81M	8.21M	12.02M	9.17M	8.02M	10.38M	7.98M	9.78M	8.52M	3.76M	1.12M	1.93M	2.96M	6.89M	9.09M	10.08M
Consolidated Net Income	2.99M	2.90M	3.14M	3.32M	3.70M	3.77M	4.26M	2.10M	4.60M	4.71M	4.86M	3.26M	5.08M	5.58M	4.09M	3.47M	1.36M	1.21M	2.99M	0.34M	5.69M	6.23M	6.86M	7.81M	8.21M	12.02M	9.17M	8.02M	10.38M	7.98M	9.78M	8.52M	3.76M	1.12M	1.93M	2.96M	6.89M	9.09M	10.08M
Income towards Parent Company	2.99M	2.90M	3.14M	3.32M	3.70M	3.77M	4.26M	2.10M	4.60M	4.71M	4.86M	3.26M	5.08M	5.58M	4.09M	3.47M	1.36M	1.21M	2.99M	0.34M	5.69M	6.23M	6.86M	7.81M	8.21M	12.02M	9.17M	8.02M	10.38M	7.98M	9.78M	8.52M	3.76M	1.12M	1.93M	2.96M	6.89M	9.09M	10.08M
Net Income towards Common Stockholders	2.99M	2.90M	3.14M	3.32M	3.70M	3.77M	4.26M	2.10M	4.60M	4.71M	4.86M	3.26M	5.08M	5.58M	4.09M	3.47M	1.36M	1.21M	2.99M	0.34M	5.69M	6.23M	6.86M	7.81M	8.21M	12.02M	9.17M	8.02M	10.38M	7.98M	9.78M	8.52M	3.76M	1.12M	1.93M	2.96M	6.89M	9.09M	10.08M
Additional items
EPS (Basic)	0.40	0.38	0.42	0.44	0.49	0.49	0.55	0.27	0.59	0.60	0.62	0.42	0.65	0.71	0.52	0.44	0.17	0.16	0.38	0.04	0.72	0.79	0.88	1.00	1.05	1.56	1.19	1.04	1.34	1.02	1.25	1.10	0.48	0.14	0.24	0.38	0.88	1.16	1.28
EPS (Weighted Average and Diluted)	0.40	0.38	0.41	0.43	0.48	0.49	0.55	0.27	0.59	0.60	0.62	0.41	0.65	0.71	0.52	0.44	0.17	0.16	0.38	0.04	0.71	0.79	0.87	0.99	1.04	1.55	1.18	1.04	1.33	1.02	1.25	1.09	0.48	0.14	0.24	0.37	0.87	1.15	1.27
Shares Outstanding (Weighted Average)	7.53M	7.53M	7.55M	7.57M	7.63M	7.65M	7.68M	7.72M	7.81M	7.83M	7.84M	7.84M	7.85M	7.87M	7.84M	7.84M	7.93M	7.87M	7.89M	7.90M	7.97M	7.91M	7.84M	7.84M	7.87M	7.76M	7.76M	7.71M	7.84M	7.84M	7.83M	7.84M	7.94M	7.90M	7.86M	7.86M	7.91M	7.87M	7.88M
Shares Outstanding (Diluted Average)	7.43M	7.47M	7.49M	7.49M	7.63M	7.65M	7.67M	7.67M	7.72M	7.76M	7.76M	7.78M	7.78M	7.79M	7.79M	7.79M	7.78M	7.75M	7.75M	7.75M	7.80M	7.79M	7.78M	7.76M	7.72M	7.68M	7.66M	7.64M	7.62M	7.64M	7.65M	7.65M	7.69M	7.72M	7.73M	7.74M	7.74M	7.82M	7.84M
EBITDA	6.95M	7.05M	7.68M	8.53M	8.93M	10.21M	10.64M	12.19M	-9.24M	-8.98M	-8.98M	-8.93M	-8.92M	-8.57M	-8.62M	-9.20M	-9.60M	-9.75M	-9.69M	-13.61M	-9.45M	-9.97M	-10.36M	-9.51M	-9.73M	-10.79M	-10.89M	-12.24M	-12.56M	-12.46M	-12.10M	-12.31M	-13.11M	-11.84M	-12.36M	-12.23M	-13.68M	-14.09M	-13.99M
Tax Rate	31.15%	31.31%	31.40%	35.76%	31.91%	38.84%	30.77%	71.56%	20.99%	20.64%	17.86%	6.21%	20.76%	20.54%	20.13%	21.02%	9.97%	18.69%	20.89%	34.50%	21.72%	22.02%	20.82%	21.46%	20.38%	22.36%	20.85%	24.29%	23.40%	21.52%	23.92%	25.68%	25.95%	24.15%	28.98%	27.04%	23.19%	23.07%	25.23%

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Bankwell Financial Group Income Statement (2016-2025) | BWFG

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