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.

New Canaan, US
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 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.

Revenue (FY, 2016)

$63.7 m

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


Gross profit (FY, 2016)

$51.8 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

$12.4 m

EBIT (FY, 2016)

$45.2 m

Market capitalization (22-May-2017)

$255 m

Closing share price (22-May-2017)


Cash (31-Dec-2016)

$96.4 m


$343.7 m
Bankwell Financial Group's current market capitalization is $255 m.
FY, 2014FY, 2015FY, 2016


$54.2 m$63.7 m

Revenue growth, %


Cost of goods sold

$8 m$11.9 m

Gross profit

$46.3 m$51.8 m

Gross profit Margin, %


Sales and marketing expense

$985 k$948 k

R&D expense

$1.5 m$1.6 m

General and administrative expense

$5.3 m$5.8 m

Operating expense total

$29.2 m$29.5 m


$39.6 m$45.2 m

EBIT margin, %


Pre tax profit

$13.9 m$18.3 m

Income tax expense

$4.8 m$6 m

Net Income

$4.6 m$9 m$12.4 m
FY, 2014FY, 2015FY, 2016


$48.6 m$88.6 m$96.4 m

Accounts Receivable

$3.3 m$4.1 m$5 m


$57.9 m$132.9 m$154.8 m


$11.9 m$11.2 m$17.8 m


$2.6 m$2.6 m$2.6 m

Total Assets

$1.1 b$1.3 b$1.6 b

Accounts Payable

$67.8 m$128.2 m$143.7 m

Total Debt

$145 m$185.1 m

Retained Earnings

$10.4 m$19 m$29.7 m

Total Equity

$129.2 m$131.8 m$145.9 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
FY, 2014FY, 2015FY, 2016

Net Income

$4.6 m$9 m$12.4 m

Depreciation and Amortization

$1.2 m$1.7 m$1.7 m

Accounts Receivable

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


$15.2 m

Cash From Operating Activities

$9.2 m$14.2 m$17.8 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 m$220.4 m$282.1 m

Interest Paid

$4 m$7.5 m$11.8 m

Income Taxes Paid

$2.2 m$6.1 m$8.6 m
Y, 2016


7.6 x


19.3 x


$526.2 k


1.3 x


0.1 x

Financial Leverage

11.2 x

Bankwell Financial Group Market Value History

Bankwell Financial Group Company Life

You may also be interested in