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Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank. The Bank offers a full array of commercial and retail lending products to serve the needs of its customers. Commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and mid-sized businesses and real estate construction and development loans. Retail lending products include residential mortgage loans, home equity lines of credit and consumer installment loans. Bankwell's retail lending products are offered to the community in general and as an accommodation to its commercial customers, and their executives and employees.

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TypePublic
Founded2002
HQNew Canaan, US
Websitemybankwell.com

Locations

Bankwell Financial is headquartered in
New Canaan, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)144
Revenue (FY, 2017)$75.8 M(+20%)
Share Price (Feb 2019)$29.9 (+2%)

Key People/Management at Bankwell Financial

Christopher Gruseke

Christopher Gruseke

President & Chief Executive Officer
Christine Chivily

Christine Chivily

Executive Vice President & Chief Risk and Credit Officer
Heidi S. Dewyngaert

Heidi S. Dewyngaert

Executive Vice President & Chief Lending Officer
David P. Dineen

David P. Dineen

Executive Vice President & Head of Community Banking
Penko Krassimir Ivanov

Penko Krassimir Ivanov

Executive Vice President & Chief Financial Officer
Laura J. Waitz

Laura J. Waitz

Executive Vice President & Chief of Staff
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Bankwell Financial Office Locations

Bankwell Financial has an office in New Canaan
New Canaan, US (HQ)
208 Elm St
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Bankwell Financial Financials and Metrics

Bankwell Financial Revenue

Bankwell Financial's revenue was reported to be $75.83 m in FY, 2017
USD

Revenue (Q2, 2018)

20.5m

Gross profit (Q2, 2018)

15.0m

Gross profit margin (Q2, 2018), %

73.2%

Net income (Q2, 2018)

4.7m

EBIT (Q2, 2018)

13.6m

Market capitalization (13-Feb-2019)

234.5m

Closing stock price (13-Feb-2019)

29.9

Cash (30-Jun-2018)

89.3m

EV

369.3m
Bankwell Financial's current market capitalization is $234.5 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

54.2m63.7m75.8m

Revenue growth, %

17%

Cost of goods sold

8.0m11.9m16.8m

Gross profit

46.3m51.8m59.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

13.2m14.4m14.7m15.6m16.4m17.7m18.7m19.2m19.9m20.5m

Cost of goods sold

1.6m2.3m2.6m2.8m3.1m3.5m4.0m4.5m4.9m5.5m

Gross profit

11.6m12.1m12.1m12.7m13.3m14.2m14.6m14.7m15.0m15.0m

Gross profit Margin, %

88%84%82%82%81%80%78%77%75%73%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

48.6m88.6m96.4m70.7m

Accounts Receivable

3.3m4.1m5.0m

Inventories

57.9m132.9m154.8m

PP&E

11.9m11.2m17.8m18.2m
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

4.6m9.0m12.4m13.8m

Depreciation and Amortization

1.2m1.7m1.7m1.5m

Inventories

15.2m

Cash From Operating Activities

9.2m14.2m17.8m20.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

1.1m2.4m3.8m1.9m4.2m6.4m3.0m5.9m9.0m3.7m7.5m11.7m4.6m9.3m

Depreciation and Amortization

206.0k497.0k835.0k403.0k833.0k1.3m428.0k865.0k1.3m412.0k760.0k1.0m364.0k782.0k

Cash From Operating Activities

206.0k1.0m1.9m2.8m6.9m10.1m3.6m6.9m11.4m7.3m9.8m14.4m8.5m9.1m

Cash From Investing Activities

(32.8m)(69.0m)(159.9m)(35.5m)(91.3m)(178.4m)(106.2m)(179.0m)(228.1m)(67.9m)(135.1m)(169.8m)(23.8m)(56.8m)
USDY, 2018

EV/EBIT

27.2 x

EV/CFO

40.4 x

Debt/Equity

1.3 x

Debt/Assets

0.1 x

Financial Leverage

11 x
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Bankwell Financial Operating Metrics

Bankwell Financial's Total Loans was reported to be $1.5b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

9 9 9

Non-accrual Loans

$3.36 m$2.45 m$2.09 m$2.37 m$3.79 m$3.40 m$3.61 m$3.64 m$2.94 m$4.43 m$5.30 m

Total Loans

$929.76 m$978.65 m$1.04 b$1.13 b$1.15 b$1.20 b$1.28 b$1.33 b$1.37 b$1.43 b$1.49 b
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Bankwell Financial Online and Social Media Presence

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Bankwell Financial Company Life and Culture

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Bankwell Financial Frequently Asked Questions

  • When was Bankwell Financial founded?

    Bankwell Financial was founded in 2002.

  • Who are Bankwell Financial key executives?

    Bankwell Financial's key executives are Christopher Gruseke, Christine Chivily and Heidi S. Dewyngaert.

  • How many employees does Bankwell Financial have?

    Bankwell Financial has 144 employees.

  • What is Bankwell Financial revenue?

    Latest Bankwell Financial annual revenue is $75.8 m.

  • What is Bankwell Financial revenue per employee?

    Latest Bankwell Financial revenue per employee is $526.6 k.

  • Who are Bankwell Financial competitors?

    Competitors of Bankwell Financial include United Financial Bancorp, BOK Financial and Mercantile Bank.

  • Where is Bankwell Financial headquarters?

    Bankwell Financial headquarters is located at 208 Elm St, New Canaan.

  • Where are Bankwell Financial offices?

    Bankwell Financial has an office in New Canaan.

  • How many offices does Bankwell Financial have?

    Bankwell Financial has 1 office.