Bankwell Financial Group, Inc. (BWFG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400512200293719689
Cash and cash equivalents29240599177719689
Short-term investments108107101117   
Assets held-for-sale, not part of disposal group23     
Total current assets:402515200293719689
Noncurrent Assets
Operating lease, right-of-use asset14910
Property, plant and equipment  2920181811
Intangible assets, net (including goodwill)3333333
Goodwill3333333
Intangible assets, net (excluding goodwill) 000011
Regulated entity, other noncurrent assets1      
Deferred costs42334  
Deferred income tax assets8116
Total noncurrent assets:29255025252114
Other undisclosed assets2,0251,7141,6321,5551,7011,5121,227
TOTAL ASSETS:2,4562,2541,8821,8741,7971,6291,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  15013517413575
Liability for uncertainty in income taxes0000   
Total current liabilities:0015013517413575
Noncurrent Liabilities
Long-term debt and lease obligation34252525252525
Long-term debt, excluding current maturities34252525252525
Total noncurrent liabilities:34252525252525
Other undisclosed liabilities2,2202,0511,5241,5391,4361,3231,099
Total liabilities:2,2542,0771,7001,6991,6361,4831,199
Stockholders' equity
Stockholders' equity attributable to parent202177182174161146132
Common stock118121121121118115113
Accumulated other comprehensive income (loss)(9)(16)(8)(1)210
Retained earnings92716955413019
Total stockholders' equity:202177182174161146132
TOTAL LIABILITIES AND EQUITY:2,4562,2541,8821,8741,7971,6291,330

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues81747976695951
Net investment income78747775675849
Cost of revenue (8)(0)(3)(1)(4)(3)
Provision for loan, lease, and other losses (8)(0)(3)
Financial services costs(1)(4)(3)
Gross profit:81667972685548
Operating expenses(16)(17)(13)(13)(28)(26)(26)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111111
Operating income:66506860413023
Nonoperating income11 1111
Gains (losses) on sales of other real estate 0  (0)0 
Bank owned life insurance income11 1111
Interest and debt expense(13)(23)(29)(24)(17)(12)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes (21)(15)(16)(0)(1)(2)
Income from continuing operations before equity method investments, income taxes:5472321251814
Other undisclosed loss from continuing operations before income taxes(20)      
Income from continuing operations before income taxes:3472321251814
Income tax expense(7)(1)(5)(4)(11)(6)(5)
Net income attributable to parent:276181714129
Preferred stock dividends and other adjustments      (0)
Undistributed earnings (loss) allocated to participating securities, basic(0)    
Other undisclosed net loss available to common stockholders, basic(0)      
Net income available to common stockholders, diluted:266181714129

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:276181714129
Other comprehensive income (loss)  (6)(3)11(0)
Comprehensive income:276121514139
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7(8)     
Comprehensive income (loss), net of tax, attributable to parent:34(2)121514139

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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