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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Bankwell Financial Group, Inc. (BWFG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  111.20.073.777.374.766.858.148.7
        Interest income on investments   3.03.23.83.93.62.72.0
       117.90.077.582.980.171.261.050.8
        Interest on deposits   10.418.224.719.012.78.35.7
    Total interest expense   13.522.729.223.716.811.98.0
Net interest income  94.70.054.853.856.354.449.142.8
Net interest income after provision for loan losses  94.70.054.853.856.354.449.142.8
        Deposit and loan fees  1.1      0.9
        Gain on sale of investments, net        -0.1 
        Other non-interest income  2.05.72.95.23.94.62.82.6
Total non-interest income  3.05.72.95.23.94.62.73.5
Non-interest expenses  44.439.742.835.635.632.529.529.2
Pre-tax income before non-recurring items  48.0-4.47.322.921.225.118.313.9
Non-recurring items         0.0
Pre-tax income  48.0-4.47.322.921.225.118.313.9
Income taxes  10.6-31.01.44.73.711.36.04.8
            Tax rate  22.0%697.6%19.1%20.6%17.6%45.0%32.6%34.9%
Net income  37.426.65.918.217.413.812.48.9
            Net margin  38.3%98466.7%749.2%1780.6%1599.4%23.4%23.9%19.2%
   
Basic EPS  $4.95 $0.76$2.35$2.26$1.83$1.67$1.26
Diluted EPS  $4.90 $0.76$2.34$2.24$1.80$1.65$1.25
   
Shares outstanding (basic)  7.6 7.77.87.77.67.47.1
Shares outstanding (diluted)  7.6 7.77.87.87.77.57.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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