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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51220029371968949
Cash and cash equivalents4059917771968949
Short-term investments107101117    
Disposal group, including discontinued operation      1
Assets held-for-sale, not part of disposal group3     
Total current assets:51520029371968949
Noncurrent Assets
Operating lease, right-of-use asset910
Property, plant and equipment 292018181112
Intangible assets, net (including goodwill)3333333
Goodwill3333333
Intangible assets, net (excluding goodwill)0000111
Deferred costs2334   
Deferred income tax assets116
Total noncurrent assets:25502525211415
Other undisclosed assets1,7141,6321,5551,7011,5121,2271,035
TOTAL ASSETS:2,2541,8821,8741,7971,6291,3301,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 15013517413575109
Liability for uncertainty in income taxes000    
Total current liabilities:015013517413575109
Noncurrent Liabilities
Long-term debt and lease obligation252525252525 
Long-term debt, excluding current maturities252525252525 
Total noncurrent liabilities:252525252525 
Other undisclosed liabilities2,0511,5241,5391,4361,3231,099861
Total liabilities:2,0771,7001,6991,6361,4831,199970
Stockholders' equity
Stockholders' equity attributable to parent177182174161146132129
Preferred stock      11
Common stock121121121118115113107
Accumulated other comprehensive income (loss)(16)(8)(1)2101
Retained earnings71695541301910
Total stockholders' equity:177182174161146132129
TOTAL LIABILITIES AND EQUITY:2,2541,8821,8741,7971,6291,3301,100

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues74797669595135
Net investment income74777567584933
Cost of revenue(8)(0)(3)(1)(4)(3)(2)
Provision for loan, lease, and other losses(8)(0)(3)
Financial services costs(1)(4)(3)(2)
Gross profit:66797268554833
Operating expenses(17)(13)(13)(28)(26)(26)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111111
Operating income:5068604130239
Nonoperating income1 11110
Gains (losses) on sales of other real estate0  (0)0  
Bank owned life insurance income1 11110
Interest and debt expense(23)(29)(24)(17)(12)(8)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(21)(15)(16)(0)(1)(2)1
Income from continuing operations before income taxes:723212518147
Income tax expense(1)(5)(4)(11)(6)(5)(2)
Net income attributable to parent:61817141295
Preferred stock dividends and other adjustments     (0)(0)
Net income available to common stockholders, diluted:61817141294

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:61817141295
Other comprehensive income (loss) (6)(3)11(0)0
Comprehensive income:61215141395
Other undisclosed comprehensive loss, net of tax, attributable to parent(8)      
Comprehensive income (loss), net of tax, attributable to parent:(2)1215141395

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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