Bankwell Financial Group

We deliver an array of quality banking services and financial expertise with the care and attention you get only from local CT bankers who know you and the communities they serve. Combining financial excellence with truly local banking values is how we help you bank well.

The company provides a range of banking services to commercial and consumer customers in Connecticut. It offers checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit.

The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. The company was founded in 2002 and is headquartered in New Canaan, Connecticut.

Type
Public
HQ
New Canaan, US
Founded
2002
Size (employees)
123 (est)+2%
Bankwell Financial Group was founded in 2002 and is headquartered in New Canaan, US

Bankwell Financial Group Office Locations

Bankwell Financial Group has an office in New Canaan
New Canaan, US (HQ)
220 Elm St

Bankwell Financial Group Data and Metrics

Bankwell Financial Group Financial Metrics

Bankwell Financial Group's revenue was reported to be $63.7 m in FY, 2016 which is a 17% increase from the previous period.
$, USD

Revenue (FY, 2016)

63.7 m

Revenue growth (FY, 2015 - FY, 2016), %

17%

Gross profit (FY, 2016)

51.8 m

Gross profit margin (FY, 2016), %

81%

Net income (FY, 2016)

12.4 m

EBIT (FY, 2016)

45.2 m

Market capitalization (23-Jun-2017)

237.1 m

Closing share price (23-Jun-2017)

31.7

Cash (31-Dec-2016)

96.4 m

EV

325.8 m
Bankwell Financial Group's current market capitalization is $237.1 m.
$, USDFY, 2014FY, 2015FY, 2016

Revenue

54.2 m63.7 m

Revenue growth, %

17%

Cost of goods sold

8 m11.9 m

Gross profit

46.3 m51.8 m

Gross profit Margin, %

85%81%

Sales and marketing expense

985 k948 k

R&D expense

1.5 m1.6 m

General and administrative expense

5.3 m5.8 m

Operating expense total

29.2 m29.5 m

EBIT

39.6 m45.2 m

EBIT margin, %

73%71%

Pre tax profit

13.9 m18.3 m

Income tax expense

4.8 m6 m

Net Income

4.6 m9 m12.4 m
$, USDFY, 2014FY, 2015FY, 2016

Cash

48.6 m88.6 m96.4 m

Accounts Receivable

3.3 m4.1 m5 m

Inventories

57.9 m132.9 m154.8 m

PP&E

11.9 m11.2 m17.8 m

Goodwill

2.6 m2.6 m2.6 m

Total Assets

1.1 b1.3 b1.6 b

Accounts Payable

67.8 m128.2 m143.7 m

Total Debt

145 m185.1 m

Retained Earnings

10.4 m19 m29.7 m

Total Equity

129.2 m131.8 m145.9 m

Debt to Equity Ratio

1.1 x1.3 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

8.5 x10.1 x11.2 x
$, USDFY, 2014FY, 2015FY, 2016

Net Income

4.6 m9 m12.4 m

Depreciation and Amortization

1.2 m1.7 m1.7 m

Accounts Receivable

(619 k)(748 k)(887 k)

Inventories

15.2 m

Cash From Operating Activities

9.2 m14.2 m17.8 m

Cash From Investing Activities

(238.7 m)(194.6 m)(292.1 m)

Dividends Paid

(110 k)(125 k)(125 k)

Cash From Financing Activities

196.1 m220.4 m282.1 m

Interest Paid

4 m7.5 m11.8 m

Income Taxes Paid

2.2 m6.1 m8.6 m
$, USDY, 2016

EV/EBIT

7.2 x

EV/CFO

18.3 x

Revenue/Employee

526.2 k

Debt/Equity

1.3 x

Debt/Assets

0.1 x

Financial Leverage

11.2 x

Bankwell Financial Group Market Value History

Bankwell Financial Group Company Life and Culture

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