Bankwell Financial Group, Inc. (BWFG) financial statements (2021 and earlier)

Company profile

Business Address 208 ELM STREET
NEW CANAAN, CT 06840
State of Incorp. CT
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments512442302304200189192
Cash and cash equivalents405333201204998376
Short-term investments107109101101101106116
Assets held-for-sale, not part of disposal group3      
Total current assets:515442302304200189192
Noncurrent Assets
Operating lease, right-of-use asset9   1010 
Property, plant and equipment 272728292929
Intangible assets, net (including goodwill)3333333
Goodwill3333333
Intangible assets, net (excluding goodwill)0000000
Deferred costs2   3  
Deferred income tax assets111111106  
Total noncurrent assets:25414141504232
Other undisclosed assets1,7141,7111,7001,7091,6321,6281,636
TOTAL ASSETS:2,2542,1932,0442,0541,8821,8591,860
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    150  
Liability for uncertainty in income taxes0   0  
Total current liabilities:0   150  
Noncurrent Liabilities
Long-term debt and lease obligation25252525252525
Long-term debt, excluding current maturities25252525252525
Total noncurrent liabilities:25252525252525
Other undisclosed liabilities2,0511,9941,8481,8581,5241,6571,658
Total liabilities:2,0772,0191,8731,8831,7001,6831,683
Stockholders' equity
Stockholders' equity attributable to parent177174170170182176177
Common stock121121120120121120120
Accumulated other comprehensive loss(16)(18)(20)(19)(8)(11)(7)
Retained earnings71727070696764
Total stockholders' equity:177174170170182176177
TOTAL LIABILITIES AND EQUITY:2,2542,1932,0442,0541,8821,8591,860

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues18181819192020
Net investment income18181819191920
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(1)(3)(3)(0)(1) 
Gross profit:18171516191920
Operating expenses(7)(3)(4)(3)(3)(3)(3)
Other operating income, net
(Noninterest Income, Other Operating Income)
0001000
Operating income:11141213161617
Nonoperating income (expense)0000(1)00
Gains (losses) on sales of other real estate 0  0(0) 
Bank owned life insurance income0000(1)00
Interest and debt expense(5)(5)(6)(7)(7)(7)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(5)(5)(5)(4)(4)(3)
Income from continuing operations before income taxes:1412457
Income tax expense(0)(1)(0)(0)(1)(1)(1)
Net income available to common stockholders, diluted:0311346

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:0311346
Other comprehensive income (loss)   (12)4(4)(4)
Comprehensive income (loss):031(10)7(0)2
Other undisclosed comprehensive income (loss), net of tax, attributable to parent32(0)    
Comprehensive income (loss), net of tax, attributable to parent:351(10)7(0)2

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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