BWFG · NASDAQ · Banks - Regional

Bankwell Financial Group (BWFG)

Runs Bankwell Bank for commercial borrowers, deposits and treasury services in Connecticut and New York.

$65.62
Pre-market−0.26 (−0.39%)
At close$65.88(+0.64%)
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Bankwell Financial Group, Inc.BWFGFinancials

Operates Bankwell Bank as a single regulated banking segment, with lending centered on commercial real estate, commercial business, SBA activity and related deposits. The footprint is concentrated around Connecticut and adjacent New York, where local relationships, deposit pricing, credit quality and bank regulation shape the model.

Offers commercial real estate loans, construction lending, commercial business credit, SBA loans, deposits, treasury management and related banking services through Bankwell Bank. The holding company reports a single banking segment, so results are driven by the same balance-sheet engine rather than separate product divisions.

Serves small to medium-sized businesses, professionals, not-for-profit organizations and sponsors from a Connecticut branch base, with expansion into Brooklyn adding a New York branch presence. Management also pursues selected commercial relationships outside the branch area when senior bankers already know the borrowers.

Execution rests on local decision-making, relationship banking, risk management, compliance systems and digital tools such as online account opening and remote deposit capture. The business depends on commercial real estate and business credit quality, deposit pricing and liquidity, SBA program availability and oversight by banking regulators.

Company facts

CEOChristopher R. Gruseke
ListedMay 15, 2014
ExchangeNASDAQ
HeadquartersNew Canaan, CT
CountryUnited States
Employees167
CIK0001505732
ISINUS06654A1034

Market cap$525.3M
EPS (ttm)$5.37
P/E (ttm)12.27
ROE13.9%
P/B1.59
P/S2.42
Dividend yieldDiv yield1.21%
Beta0.39vs XLF 0.89

No analyst consensus on record.

Next report
Oct 22, 2026
in 49 days
EPS estimate
$1.41
Revenue estimate
$33.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$0.32$0.87$1.15$1.27$1.15$1.41$1.52Pending
Estimate$0.65$0.73$0.87$1.02$1.20$1.23$1.29$1.41
Surprise−50.8%+19.2%+32.2%+24.5%−4.2%+14.6%+17.8%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$21.2M$23.6M$25.9M$28.5M$30.3M$30.2M$32.8MPending
Estimate$22.3M$24.2M$26.0M$28.3M$28.1M$29.5M$30.6M$33.3M
Surprise−5.2%−2.6%−0.1%+0.7%+8.1%+2.6%+7.0%
Estimate$1.41
ReportedDue Oct 22, 2026
Estimate$33.3M
ReportedDue Oct 22, 2026
View details

Debt to equity30.90%
Current ratio104.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$49.3M$48.8M$50.0M$50.7M$53.1M$54.0M$54.1M$55.5M
Net income$1.9M$3.0M$6.9M$9.1M$10.1M$9.1M$11.3M$12.4M
Net margin3.9%6.1%13.8%17.9%19.0%16.9%20.8%22.3%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$2.7M$4.1M$9.0M$11.8M$13.5M$14.2M$14.4M$16.3M
YoY growth−78.9%−64.6%+76.4%+701.4%+397.0%+250.6%+60.2%+38.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $193.6M · Total debt $99.8M · Total assets $3.48B · Shareholders' equity $323.5M

Revenue
$55.5M
Operating income
$16.3M
Net income
$12.4M
View details

Next ex-date
Nov 10, 2026
estimated · in 68 days
Annual dividend
$0.80
per share
Dividend yield
1.21%
Schedule
Quarterly
4 payments a year

Raised for 9 straight years — most recently to $0.20 from $0.18 in Feb 2022. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
Aug 10, 2026Aug 10Aug 21$0.20
May 8, 2026May 8May 19$0.20
Feb 10, 2026Feb 10Feb 20$0.20
Nov 10, 2025Nov 10Nov 21$0.20
Aug 11, 2025Aug 11Aug 22$0.20
May 9, 2025May 9May 20$0.20
Feb 11, 2025Feb 11Feb 21$0.20
Nov 8, 2024Nov 11Nov 22$0.20
View details

Institutions128 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail≈ 51.07%4.07M shares
Insiders15 holders · as of Aug 26, 202612.77%1.02M shares
Otherremainder≈ 36.16%2.88M shares

7.97M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Lawrence B. SeidmanInsiderdirector
10.74%855,866Form 4filed Aug 26, 2026
BlackRock, Inc.Institution
6.19%493,18013Fas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
4.14%329,74713Fas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.48%277,39813Fas of Jun 30, 2026
Acadian Asset Management LLCInstitution
2.92%232,76113Fas of Jun 30, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 25, 2026Lawrence B. Seidmandirector+2,540$65.92
Aug 7, 2026Lawrence B. Seidmandirector+10,000$66.63
Jul 31, 2026Ryan Jason Hildebrandofficer: Chief Innovation Officer−2,246$66.74
Jul 1, 2026Ryan Jason Hildebrandofficer: Chief Innovation Officer−1,088$58.48
Jun 5, 2026Carl M. Portodirector+370$53.70
View details

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