OverviewSuggest Edit

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.

TypePublic
Founded2002
HQNew Canaan, CT, US
Websitemybankwell.com

Locations

Bankwell Financial is headquartered in
New Canaan, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)142(-1%)
Job Openings9
Revenue (FY, 2020)$788 K(-84%)
Share Price (May 2021)$29.2(+6%)
Cybersecurity ratingBMore

Key People/Management at Bankwell Financial

Christopher Gruseke

Christopher Gruseke

President & Chief Executive Officer, Director
George P. Bauer

George P. Bauer

Director
Daniel S. Jones

Daniel S. Jones

Director
Gail E. D. Brathwaite

Gail E. D. Brathwaite

Director
Matthew McNeil

Matthew McNeil

Executive Vice President & Chief Banking Officer
Penko Krassimir Ivanov

Penko Krassimir Ivanov

Executive Vice President & Chief Financial Officer
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Bankwell Financial Office Locations

Bankwell Financial has an office in New Canaan
New Canaan, CT, US (HQ)
208 Elm St
Show all (1)

Bankwell Financial Financials and Metrics

Bankwell Financial Revenue

Bankwell Financial's revenue was reported to be $788 k in FY, 2020
USD

Revenue (FY, 2020)

788.0k

Net income (FY, 2020)

5.9m

Market capitalization (7-May-2021)

230.6m

Closing stock price (7-May-2021)

29.2

Cash (31-Dec-2020)

405.3m
Bankwell Financial's current market capitalization is $230.6 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

54.2m63.7m75.8m84.0m5.2m788.0k

Revenue growth, %

17%19%11%

Cost of goods sold

8.0m11.9m16.8m23.7m

Gross profit

46.3m51.8m59.0m60.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

14.7m15.6m16.4m17.7m18.7m19.2m19.9m20.5m859.0k1.3m1.3m1.6m217.0k171.0k190.0k

Cost of goods sold

2.6m2.8m3.1m3.5m4.0m4.5m4.9m5.5m

Gross profit

12.1m12.7m13.3m14.2m14.6m14.7m15.0m15.0m

Gross profit Margin, %

82%82%81%80%78%77%75%73%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

88.6m96.4m70.7m78.1m78.1m405.3m

Accounts Receivable

4.1m5.0m1.6b

Inventories

132.9m154.8m

PP&E

11.2m17.8m18.2m19.8m28.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

72.7m94.7m96.1m74.0m86.0m96.4m83.4m89.3m84.4m88.8m75.6m83.1m203.6m201.4m333.1m

Accounts Receivable

1.5b1.6b1.6b1.6b1.5b

PP&E

10.8m10.7m10.3m17.6m17.4m17.5m19.2m20.3m20.2m29.6m29.1m28.9m27.8m27.2m26.6m

Goodwill

2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m2.6m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

9.0m12.4m13.8m17.4m18.2m5.9m

Depreciation and Amortization

1.7m1.7m1.5m1.7m3.4m3.3m

Accounts Payable

(799.0k)1.7m

Cash From Operating Activities

14.2m17.8m20.6m20.0m6.6m(1.5m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.0m5.9m9.0m3.7m7.5m11.7m4.6m9.3m14.2m5.1m10.7m14.7m1.4m2.6m5.6m

Depreciation and Amortization

428.0k865.0k1.3m412.0k760.0k1.0m364.0k782.0k1.3m842.0k1.7m2.5m830.0k1.7m2.5m

Accounts Payable

(1.1m)2.3m7.8m14.4m(1.6m)(1.9m)(1.5m)

Cash From Operating Activities

3.6m6.9m11.4m7.3m9.8m14.4m8.5m9.1m15.1m500.0k(691.0k)(3.1m)(16.8m)(12.7m)(8.5m)
USDFY, 2015

Debt/Equity

1.1 x

Debt/Assets

0.1 x

Financial Leverage

10.1 x
Show all financial metrics

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

999

Non-accrual Loans

$3.36 m$2.45 m$2.09 m$2.37 m$3.79 m$3.4 m$3.61 m$3.64 m$2.94 m$4.43 m$5.3 m

Total Loans

$929.76 m$978.65 m$1.04 b$1.13 b$1.15 b$1.2 b$1.28 b$1.33 b$1.37 b$1.43 b$1.49 b
Show all operating metrics

Bankwell Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Bankwell Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Bankwell Financial Online and Social Media Presence

Embed Graph

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, George P. Bauer and Daniel S. Jones.

  • How many employees does Bankwell Financial have?

    Bankwell Financial has 142 employees.

  • What is Bankwell Financial revenue?

    Latest Bankwell Financial annual revenue is $788 k.

  • What is Bankwell Financial revenue per employee?

    Latest Bankwell Financial revenue per employee is $5.5 k.

  • Who are Bankwell Financial competitors?

    Competitors of Bankwell Financial include Park National Corporation, Ameris Bancorp and New York Community Bancorp.

  • 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.