Bankwell Financial Group, Inc. (BWFG) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20029371968949
Cash and cash equivalents9917771968949
Short-term investments101117    
Disposal group, including discontinued operation     1
Total current assets:20029371968949
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment292018181112
Intangible assets, net (including goodwill)333333
Goodwill333333
Intangible assets, net (excluding goodwill)000111
Deferred costs334   
Deferred income tax assets6
Total noncurrent assets:502525211415
Other undisclosed assets1,6321,5551,7011,5121,2271,035
TOTAL ASSETS:1,8821,8741,7971,6291,3301,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt15013517413575109
Liability for uncertainty in income taxes00    
Total current liabilities:15013517413575109
Noncurrent Liabilities
Long-term debt and lease obligation2525252525 
Long-term debt, excluding current maturities2525252525 
Total noncurrent liabilities:2525252525 
Other undisclosed liabilities1,5241,5391,4361,3231,099861
Total liabilities:1,7001,6991,6361,4831,199970
Stockholders' equity
Stockholders' equity attributable to parent182174161146132129
Preferred stock     11
Common stock121121118115113107
Accumulated other comprehensive income (loss)(8)(1)2101
Retained earnings695541301910
Total stockholders' equity:182174161146132129
TOTAL LIABILITIES AND EQUITY:1,8821,8741,7971,6291,3301,100

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues797669595135
Net investment income777567584933
Cost of revenue(0)(3)(1)(4)(3)(2)
Provision for loan, lease, and other losses(0)(3)
Financial services costs(1)(4)(3)(2)
Gross profit:797268554833
Operating expenses(13)(13)(28)(26)(26)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
111111
Operating income:68604130239
Nonoperating income 11110
Gains (losses) on sales of other real estate  (0)0  
Bank owned life insurance income 11110
Interest and debt expense(29)(24)(17)(12)(8)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(15)(16)(0)(1)(2)1
Income from continuing operations before income taxes:23212518147
Income tax expense(5)(4)(11)(6)(5)(2)
Net income attributable to parent:1817141295
Preferred stock dividends and other adjustments    (0)(0)
Net income available to common stockholders, diluted:1817141294

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1817141295
Other comprehensive income (loss)(6)(3)11(0)0
Comprehensive income, net of tax, attributable to parent: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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