Bankwell Financial Group

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.

Company Growth (employees)
Type
Public
HQ
New Canaan, US
Founded
2002
Size (employees)
124 (est)
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)
208 Elm St

Bankwell Financial Group Data and Metrics

Bankwell Financial Group Financial Metrics

Bankwell Financial Group's revenue was reported to be $17.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

17.7 m

Gross profit (Q1, 2017)

14.2 m

Gross profit margin (Q1, 2017), %

80%

Net income (Q1, 2017)

3.7 m

EBIT (Q1, 2017)

12.4 m

Market capitalization (22-Aug-2017)

245.2 m

Cash (31-Dec-2016)

96.4 m

EV

333.9 m
Bankwell Financial Group's current market capitalization is $245.2 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

7.8 m8.4 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

13.2 m14.4 m14.7 m15.6 m16.4 m17.7 m

Cost of goods sold

1.6 m2.3 m2.6 m2.8 m3.1 m3.5 m

Gross profit

11.6 m12.1 m12.1 m12.7 m13.3 m14.2 m

Gross profit Margin, %

88%84%82%82%81%80%

Sales and marketing expense

271 k288 k139 k263 k242 k266 k

R&D expense

405 k416 k407 k377 k417 k445 k

General and administrative expense

1.3 m1.4 m1.4 m1.4 m1.4 m1.7 m

Operating expense total

2 m2.1 m2 m2 m2.1 m2.4 m

EBIT

10.1 m9.4 m10.8 m10.6 m11.3 m12.4 m

EBIT margin, %

76%65%73%68%69%70%

Pre tax profit

3.6 m3.5 m4.3 m4.2 m4.6 m5.4 m

Income tax expense

(127 k)1.3 m1.2 m1.4 m1.3 m1.4 m1.7 m

Net Income

2.4 m3.8 m1.9 m4.2 m6.4 m3 m5.9 m9 m3.7 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

Total Liabilities

1.5 b

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.4 m3.8 m1.9 m4.2 m6.4 m3 m5.9 m9 m3.7 m

Depreciation and Amortization

497 k835 k403 k833 k1.3 m428 k865 k1.3 m412 k

Accounts Receivable

(104 k)(311 k)(19 k)(251 k)(508 k)(299 k)(637 k)(428 k)(222 k)

Cash From Operating Activities

1 m1.9 m2.8 m6.9 m10.1 m3.6 m6.9 m11.4 m7.3 m

Cash From Investing Activities

(69 m)(159.9 m)(35.5 m)(91.3 m)(178.4 m)(106.2 m)(179 m)(228.1 m)(67.9 m)

Dividends Paid

(55 k)(82 k)(27 k)(55 k)(82 k)(27 k)(55 k)(82 k)

Cash From Financing Activities

116.5 m111.6 m3.5 m111.4 m206.6 m86.7 m178.2 m224.2 m38.2 m

Interest Paid

1.7 m2.7 m1.3 m2.9 m4.8 m2.6 m5.4 m8.4 m3.4 m

Income Taxes Paid

630 k450 k1 m2.5 m5.1 m1.1 m4.5 m6.4 m1.1 m
USDY, 2017

EV/EBIT

26.9 x

EV/CFO

45.6 x

Revenue/Employee

143.3 k

Bankwell Financial Group Market Value History

Traffic Overview of Bankwell Financial Group

Bankwell Financial Group Online and Social Media Presence

Bankwell Financial Group Company Life and Culture

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