Bankwell Financial Group Past Earnings Performance

Past criteria checks 2/6

Bankwell Financial Group has been growing earnings at an average annual rate of 23.3%, while the Banks industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 14.8% per year. Bankwell Financial Group's return on equity is 11.2%, and it has net margins of 32.3%.

Key information

23.3%

Earnings growth rate

23.9%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	14.8%
Return on equity	11.2%
Net Margin	32.3%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Bankwell Financial: The Loan Book Is Heavily Geared Towards CRE And Commercial Loans

Mar 22

Bankwell Financial Group (NASDAQ:BWFG) Will Pay A Larger Dividend Than Last Year At US$0.20

Jan 30

Bankwell Financial Group's (NASDAQ:BWFG) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 05

Revenue & Expenses Breakdown
Beta

How Bankwell Financial Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:BWFG Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	91	29	43
31 Dec 23	98	36	42
30 Sep 23	97	35	41
30 Jun 23	95	35	41
31 Mar 23	98	39	40
31 Dec 22	92	37	39
30 Sep 22	88	36	38
30 Jun 22	84	34	37
31 Mar 22	76	29	36
31 Dec 21	73	26	35
30 Sep 21	68	19	37
30 Jun 21	62	15	36
31 Mar 21	55	10	36
31 Dec 20	50	6	37
30 Sep 20	50	9	35
30 Jun 20	50	10	34
31 Mar 20	54	14	34
31 Dec 19	59	18	33
30 Sep 19	57	18	32
30 Jun 19	58	19	32
31 Mar 19	57	18	32
31 Dec 18	57	17	33
30 Sep 18	60	16	32
30 Jun 18	60	15	31
31 Mar 18	59	15	30
31 Dec 17	58	14	28
30 Sep 17	55	15	28
30 Jun 17	52	14	28
31 Mar 17	50	13	27
31 Dec 16	48	12	27
30 Sep 16	47	11	26
30 Jun 16	45	10	26
31 Mar 16	45	10	26
31 Dec 15	43	9	26
30 Sep 15	41	7	25
30 Jun 15	38	6	24
31 Mar 15	35	5	23
31 Dec 14	33	4	22
30 Sep 14	30	5	21
30 Jun 14	30	5	21
31 Mar 14	29	5	20
31 Dec 13	28	5	19

Quality Earnings: BWFG has high quality earnings.

Growing Profit Margin: BWFG's current net profit margins (32.3%) are lower than last year (39.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BWFG's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: BWFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BWFG had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Banks industry average (-13.2%).

Bankwell Financial Group Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.48 (vs US$1.34 in 1Q 2023)

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Bankwell Financial Group, Inc. Reports Net Charge Off for the Fourth Quarter Ended December 31, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings released: EPS: US$1.02 (vs US$1.56 in 2Q 2022)

Recent updates

Consensus EPS estimates fall by 17%, revenue upgraded

Bankwell Financial Group (NASDAQ:BWFG) Has Affirmed Its Dividend Of $0.20

First quarter dividend of US$0.20 announced

First quarter 2024 earnings released: EPS: US$0.48 (vs US$1.34 in 1Q 2023)

Bankwell Financial Group, Inc., Annual General Meeting, May 29, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

President notifies of intention to sell stock

Upcoming dividend of US$0.20 per share at 3.0% yield

Bankwell Financial Group (NASDAQ:BWFG) Has Affirmed Its Dividend Of $0.20

Fourth quarter dividend of US$0.20 announced

Bankwell Financial Group, Inc. and Bankwell Bank Appoints Angelo Fusaro as Principal Accounting Officer

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Bankwell Financial Group, Inc. Reports Net Charge Off for the Fourth Quarter Ended December 31, 2023

Price target increased by 8.5% to US$32.00

President notifies of intention to sell stock

President notifies of intention to sell stock

Upcoming dividend of US$0.20 per share at 3.3% yield

New minor risk - Insider selling

Consensus EPS estimates increase by 12%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Board Member recently sold US$103k worth of stock

Board Member notifies of intention to sell stock

Director recently bought US$68k worth of stock

Upcoming dividend of US$0.20 per share at 2.9% yield

New major risk - Revenue and earnings growth

Bankwell Financial Group (NASDAQ:BWFG) Will Pay A Dividend Of $0.20

Second quarter 2023 earnings released: EPS: US$1.02 (vs US$1.56 in 2Q 2022)

Bankwell Financial Group, Inc. Hires Ryan J. Hildebrand as Chief Innovation Officer

Price target decreased by 15% to US$30.25

President recently bought US$109k worth of stock

Upcoming dividend of US$0.20 per share at 3.6% yield

Independent Director recently bought US$265k worth of stock

Independent Director recently bought US$825k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued after recent price drop

President notifies of intention to sell stock

Insufficient new directors

Bankwell Financial Group, Inc. Declares First Quarter Dividend, Payable on February 23, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

President notifies of intention to sell stock

President notifies of intention to sell stock

Independent Director recently bought US$64k worth of stock

Price target increased to US$40.00

Bankwell Financial Group, Inc. and Bankwell Bank Appoints Courtney E. Sacchetti as Executive Vice President, Effective January 1, 2023

Upcoming dividend of US$0.20 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Bankwell Financial Group, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Penko Ivanov Resigns from Bankwell Financial Group, Inc. as CFO

Board Member notifies of intention to sell stock

Board Member recently sold US$60k worth of stock

Bankwell Financial: Growth Of Loan Volume To Counter Margin Compression

Director recently bought US$76k worth of stock

Bankwell Financial Group, Inc. announced that it has received $35 million in funding

Bankwell Financial Group, Inc. announced that it has received $35 million in funding

Upcoming dividend of US$0.20 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Bankwell Financial Group, Inc. Declares Cash Dividend, Payable on August 25, 2022

Bankwell Financial: Strong Loan Growth To Drive The Bottom Line

Independent Director recently bought US$305k worth of stock

Director recently bought US$50k worth of stock

Bankwell Financial Group, Inc. Elects Darryl Demos as Directors

Upcoming dividend of US$0.20 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Bankwell Financial Group, Inc. Re-Affirms Earnings Guidance for the Year 2022

Price target increased to US$39.50

Insufficient new directors

Bankwell Financial Group, Inc., Annual General Meeting, May 25, 2022

Bankwell Financial: The Loan Book Is Heavily Geared Towards CRE And Commercial Loans

Full year 2021 earnings: EPS exceeds analyst expectations

Revenue & Expenses Breakdown
Beta