Bankwell Financial Group, Inc. Income Statement

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Income Statement Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 1.82M0.58M2.15M3.23M3.91M1.34M3.44M0.44M7.61M-0.06M5.44M0.87M22.62M
Revenue 21.55M30.05M34.70M46.27M0.96M1.01M1.09M1.02M0.79M0.87M1.07M1.63M1.96M
Interest income
Interest income - Loans 22.33M26.60M33.40M48.69M58.08M66.84M74.72M77.34M73.67M78.04M111.24M170.18M172.83M
Interest income - Investments 0.10M0.14M0.16M0.15M0.11M
Interest Income - Debt Securities 2.03M1.65M2.06M2.15M2.74M3.57M3.92M3.75M3.24M3.13M3.91M4.13M5.19M
Other interest income 0.04M0.08M0.13M0.10M0.17M0.79M1.43M1.86M0.58M0.38M3.50M14.15M13.97M
Interest Income - Total 24.40M28.09M35.59M50.75M60.99M71.20M80.06M82.95M77.49M81.38M117.94M188.45M191.99M
Interest expenses
Interest Expense - Deposits 2.37M2.23M3.29M5.68M8.30M12.69M18.95M24.70M18.18M10.44M19.36M86.91M101.26M
Interest Expense - Debt 0.82M0.53M0.63M2.29M3.60M4.14M4.79M4.49M4.47M3.05M3.84M7.08M7.45M
Interest Expenses 3.19M2.77M3.93M7.97M11.90M16.84M23.74M29.19M22.65M13.49M23.20M93.99M108.71M
Interest Income - Net 21.20M25.33M31.66M42.79M49.09M54.36M56.33M53.76M54.84M67.89M94.74M94.47M83.28M
Non-interest income
Interest Income - Total 19.38M24.74M29.51M39.56M45.18M53.02M52.89M53.32M47.23M67.94M89.31M93.60M60.66M
Service Charges 0.31M0.42M0.64M0.93M0.96M1.01M
Investment Gain (Loss) -0.02M0.65M-0.12M0.17M0.22M0.08M
Investment Banking Income 0.02M2.02M1.31M1.11M0.47M1.43M0.98M1.79M0.04M2.69M1.24M1.97M0.52M
Other Non-Interest Income 0.36M0.33M0.59M0.73M0.69M1.17M6.93M2.44M1.07M4.09M1.64M4.16M23.02M
Non-Interest Income 0.34M4.72M3.04M3.48M2.68M4.63M3.90M5.24M2.88M5.66M3.04M4.84M3.72M
Operating Items
Amortization - Intangibles 0.02M0.13M0.20M0.15M0.12M0.09M0.07M
Research & Development 1.21M1.35M1.29M1.52M1.60M1.87M2.03M2.07M3.22M2.41M2.63M2.89M3.25M
Wages, Salaries and Other 9.45M11.58M13.53M15.74M15.65M16.28M18.97M19.43M21.36M18.32M22.24M24.59M23.75M
Rent Expense 3.00M3.42M4.42M5.34M5.81M6.17M6.79M7.59M10.93M10.68M8.30M8.66M9.49M
Restructuring Costs 0.91M1.80M0.00M
Other Operating Expenses 13.64M16.44M18.30M22.30M22.13M24.49M26.81M25.96M28.67M26.65M33.43M38.85M38.31M
Operating Expenses 17.86M22.12M25.81M29.17M29.54M32.52M35.63M35.63M42.81M39.74M44.36M50.40M51.05M
Operating Income -29.53M-32.71M-36.13M-35.57M-42.66M-39.27M-43.66M-49.42M-49.54M
EBIT 5.06M10.11M10.67M21.84M-29.53M-32.71M-36.13M-35.57M-42.66M-39.27M-43.66M-49.42M-49.54M
Net income details
EBT 1.87M7.34M6.74M13.87M18.31M25.13M21.15M22.94M7.30M33.86M47.98M48.04M13.33M
Tax Provisions 0.66M2.18M2.17M4.84M5.96M11.30M3.72M4.73M1.40M7.28M10.55M11.38M3.56M
Profit After Tax 1.21M5.16M4.57M9.03M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M
Income from Continuing Operations 1.21M5.16M4.57M9.03M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M
Consolidated Net Income 1.21M5.16M4.57M9.03M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M
Income towards Parent Company 1.21M5.16M4.57M9.03M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M
Net Income towards Common Stockholders 1.08M5.05M4.46M8.90M12.35M13.83M17.43M18.22M5.90M26.59M37.43M36.66M9.77M
Additional items
EPS (Basic) 0.391.460.781.231.641.802.232.320.753.384.844.711.24
EPS (Weighted Average and Diluted) 0.381.440.781.211.621.782.212.310.753.364.794.671.23
Shares Outstanding (Weighted Average) 7.57M7.72M7.84M7.84M7.90M7.84M7.71M7.84M7.86M
Shares Outstanding (Diluted Average) 7.49M7.67M7.78M7.79M7.75M7.76M7.64M7.65M7.74M
Tax Rate 35.11%29.73%32.20%34.90%32.55%44.96%17.59%20.60%19.13%21.48%22.00%23.69%26.70%