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Companies / Financials / Bankwell Financial Group, Inc.
BWFG

Bankwell Financial Group, Inc.

FinancialsBanks & Brokers
Ticker BWFGNEW CANAAN, CTFiscal year ends DecemberBook value per share $41.07Diluted shares 7.9M

Bankwell Financial Group, Inc. (NASDAQ: BWFG) operates as a bank holding company headquartered in Connecticut with its principal banking subsidiary, Bankwell Bank, a Connecticut state-chartered commercial bank founded in 2002. The company maintains a website at www.mybankwell.com and serves clients across a 100-mile… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$108.32M
+24.5% year over year
Last 12 mo $121.82M
44.77%
+29.4 percentage points
Last 12 mo 47.93%
$35.20M
+260.3% year over year
Last 12 mo $42.87M
11.67%
+8.1 percentage points
Last 12 mo 13.25%
Cash & financing
$28.27M
−5.6% year over year
Last 12 mo $35.83M
$27.13M
−7.5% year over year
Last 12 mo $34.50M
9.75
Was 10.64× a year earlier
Last 12 mo 0.09
7.8M
+1.1% year over year
Last 12 mo 7.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bankwell Financial Group, Inc. does

In the company’s own words

Bankwell Financial Group, Inc. (NASDAQ: BWFG) operates as a bank holding company headquartered in Connecticut with its principal banking subsidiary, Bankwell Bank, a Connecticut state-chartered commercial bank founded in 2002. The company maintains a website at www.mybankwell.com and serves clients across a 100-mile radius centered on its branch network while selectively pursuing commercial banking opportunities beyond its primary market.

As of December 31, 2025, Bankwell Financial Group maintains total consolidated assets of approximately $3.4 billion, net loans of approximately $2.8 billion, total deposits of approximately $2.8 billion, and shareholders' equity of approximately $301.5 million. The company operates nine full-service branches located in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut, along with limited-service domestic representative offices in New Canaan, Connecticut and Garden City, New York. In the first quarter of 2026, the company opened a new full-service branch in Brooklyn, New York following regulatory approvals from the FDIC, Connecticut Department of Banking, and New York Department of Financial Services.

The company employs 167 full-time equivalent employees and focuses on providing a comprehensive suite of banking services to small and medium-sized businesses, professionals, and not-for-profit organizations. Bankwell's loan portfolio totals $2.8 billion, with commercial real estate loans comprising 68 percent of the portfolio, commercial business loans representing 23 percent, construction loans accounting for 5 percent, consumer loans comprising 3 percent, and residential real estate loans representing 1 percent. The company ceased originating residential mortgage loans in 2017 and discontinued home equity products in 2019, strategically shifting focus toward commercial lending.

Bankwell's business strategy emphasizes client-focused growth through personalized service and community engagement, investment in scalable technology infrastructure, disciplined risk management, and strategic acquisitions. The company has demonstrated growth over the four-year period from 2021 through 2025, expanding total assets from $2.5 billion to $3.4 billion. Bankwell acquired The Wilton Bank in 2013 and Quinnipiac Bank and Trust Company in 2014, both subsequently merged into Bankwell Bank. The company maintains a strong capital position with a tangible common equity ratio of 8.90 percent as of December 31, 2025.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
NEW CANAAN, CT
Fiscal year end
December
CIK
1505732
SIC
6022

Financial performance, year by year

Fiscal 2014–2025 · USD
$-12.18M$24.36M$60.91M$97.45M$134.00M201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bankwell Financial Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

159
funds hold it
0 of 35
superinvestors hold it
$87.82M
held by funds, at market
19.8%
of shares held by funds

Largest fund holders · Bankwell Financial Group, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
College Retirement Equities Fund - Total Global Stock Account
QCSTRX · College Retirement Equities Fund
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Bankwell Financial Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Bankwell Financial Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Bankwell Financial Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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