Bankwell Financial Group (BWFG) Revenue & Revenue Breakdown
Bankwell Financial Group Revenue Highlights
Latest Revenue (Y)
$193.30M
Latest Revenue (Q)
$48.55M
Main Segment (Y)
Service Charges and Fees
Main Geography (Y)
Service Charges and Fees
Bankwell Financial Group Revenue by Period
Bankwell Financial Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $193.30M | 97.68% |
| 2022-12-31 | $97.78M | 32.96% |
| 2021-12-31 | $73.54M | 27.42% |
| 2020-12-31 | $57.72M | -2.18% |
| 2019-12-31 | $59.01M | -2.03% |
| 2018-12-31 | $60.23M | 2.09% |
| 2017-12-31 | $58.99M | 13.96% |
| 2016-12-31 | $51.77M | 11.88% |
| 2015-12-31 | $46.27M | 33.34% |
| 2014-12-31 | $34.70M | 20.84% |
| 2013-12-31 | $28.72M | 33.25% |
| 2012-12-31 | $21.55M | 14.32% |
| 2011-12-31 | $18.85M | 215.08% |
| 2006-12-31 | $5.98M | 12.82% |
| 2005-12-31 | $5.30M | 36.21% |
| 2004-12-31 | $3.89M | 28.77% |
| 2003-12-31 | $3.02M | - |
Bankwell Financial Group generated $193.30M in revenue during NA 2023, up 97.68% compared to the previous quarter, and up 320.95% compared to the same period a year ago.
Bankwell Financial Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $48.55M | -1.39% |
| 2024-03-31 | $49.23M | -2.55% |
| 2023-12-31 | $50.52M | 115.20% |
| 2023-09-30 | $23.48M | -7.54% |
| 2023-06-30 | $25.39M | -6.19% |
| 2023-03-31 | $27.07M | -0.99% |
| 2022-12-31 | $27.34M | 9.33% |
| 2022-09-30 | $25.00M | 0.11% |
| 2022-06-30 | $24.98M | 22.02% |
| 2022-03-31 | $20.47M | 3.62% |
| 2021-12-31 | $19.75M | 3.09% |
| 2021-09-30 | $19.16M | 6.34% |
| 2021-06-30 | $18.02M | 8.48% |
| 2021-03-31 | $16.61M | 11.30% |
| 2020-12-31 | $14.93M | 4.94% |
| 2020-09-30 | $14.22M | 0.06% |
| 2020-06-30 | $14.21M | -1.00% |
| 2020-03-31 | $14.36M | 3.07% |
| 2019-12-31 | $13.93M | -4.35% |
| 2019-09-30 | $14.56M | -2.46% |
| 2019-06-30 | $14.93M | -4.17% |
| 2019-03-31 | $15.58M | 3.40% |
| 2018-12-31 | $15.07M | -0.24% |
| 2018-09-30 | $15.11M | 0.60% |
| 2018-06-30 | $15.02M | -0.15% |
| 2018-03-31 | $15.04M | -2.70% |
| 2017-12-31 | $15.46M | 5.24% |
| 2017-09-30 | $14.69M | 0.31% |
| 2017-06-30 | $14.64M | 2.99% |
| 2017-03-31 | $14.21M | 3.84% |
| 2016-12-31 | $13.69M | 3.10% |
| 2016-09-30 | $13.28M | 4.28% |
| 2016-06-30 | $12.73M | 5.48% |
| 2016-03-31 | $12.07M | -0.05% |
| 2015-12-31 | $12.08M | -0.43% |
| 2015-09-30 | $12.13M | 4.60% |
| 2015-06-30 | $11.60M | 10.50% |
| 2015-03-31 | $10.49M | -1.05% |
| 2014-12-31 | $10.60M | 26.96% |
| 2014-09-30 | $8.35M | 6.67% |
| 2014-06-30 | $7.83M | -1.07% |
| 2014-03-31 | $7.92M | 11.23% |
| 2013-12-31 | $7.12M | -4.83% |
| 2013-09-30 | $7.48M | -3.80% |
| 2013-06-30 | $7.77M | 22.03% |
| 2013-03-31 | $6.37M | 217.18% |
| 2007-09-30 | $2.01M | 18.12% |
| 2007-06-30 | $1.70M | 14.94% |
| 2007-03-31 | $1.48M | 2.42% |
| 2006-12-31 | $1.44M | -7.20% |
| 2006-09-30 | $1.56M | 0.19% |
| 2006-06-30 | $1.55M | 8.60% |
| 2006-03-31 | $1.43M | 5.07% |
| 2005-12-31 | $1.36M | -6.40% |
| 2005-09-30 | $1.45M | 9.41% |
| 2005-06-30 | $1.33M | 14.67% |
| 2005-03-31 | $1.16M | 13.15% |
| 2004-12-31 | $1.02M | -1.42% |
| 2004-09-30 | $1.04M | 0.68% |
| 2004-06-30 | $1.03M | 29.32% |
| 2004-03-31 | $798.00K | - |
Bankwell Financial Group generated $48.55M in revenue during Q2 2024, up -1.39% compared to the previous quarter, and up 179.38% compared to the same period a year ago.
Bankwell Financial Group Revenue Breakdown
Bankwell Financial Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 19 | Dec 18 |
|---|---|---|
| Service Charges and Fees | $1.00M | $1.09M |
| Gain 9Loss) From Foreclosed Real Estate | - | - |
Bankwell Financial Group's latest annual revenue breakdown by segment (product or service), as of Dec 19: Service Charges and Fees (100.00%).
Quarterly Revenue by Product
| Product/Service | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|
| Service Charges and Fees | $224.00K | $264.00K | $263.00K | $249.00K |
Bankwell Financial Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 19: Service Charges and Fees (100.00%).
Bankwell Financial Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 19 | Dec 18 |
|---|---|---|
| Service Charges and Fees | $1.00M | $1.09M |
| Gain 9Loss) From Foreclosed Real Estate | - | - |
Bankwell Financial Group's latest annual revenue breakdown by geography, as of Dec 19: Service Charges and Fees (100.00%).
Quarterly Revenue by Country
| Country | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|
| Service Charges and Fees | $224.00K | $264.00K | $263.00K | $249.00K |
Bankwell Financial Group's latest quarterly revenue breakdown by geography, as of Dec 19: Service Charges and Fees (100.00%).
Bankwell Financial Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FBMS | First Bancshares | $387.64M | $91.03M |
| BWFG | Bankwell Financial Group | $193.30M | $48.55M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FRAF | Franklin Financial Services | $91.60M | $29.08M |
| PLBC | Plumas Bancorp | $85.31M | $23.36M |
| NKSH | National Bankshares | $68.16M | $18.22M |
| RBKB | Rhinebeck Bancorp | $66.39M | $17.29M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
BWFG Revenue FAQ
What is Bankwell Financial Group’s yearly revenue?
Bankwell Financial Group's yearly revenue for 2023 was $193.3M, representing an increase of 97.68% compared to 2022. The company's yearly revenue for 2022 was $97.78M, representing an increase of 32.96% compared to 2021. BWFG's yearly revenue for 2021 was $73.54M, representing an increase of 27.42% compared to 2020.
What is Bankwell Financial Group’s quarterly revenue?
Bankwell Financial Group's quarterly revenue for Q2 2024 was $48.55M, a -1.39% decrease from the previous quarter (Q1 2024), and a 91.21% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $49.24M, a -2.55% decrease from the previous quarter (Q4 2023), and a 81.90% increase year-over-year (Q1 2023). BWFG's quarterly revenue for Q4 2023 was $50.52M, a 115.20% increase from the previous quarter (Q3 2023), and a 84.82% increase year-over-year (Q4 2022).
What is Bankwell Financial Group’s revenue growth rate?
Bankwell Financial Group's revenue growth rate for the last 3 years (2021-2023) was 162.83%, and for the last 5 years (2019-2023) was 227.59%.
What are Bankwell Financial Group’s revenue streams?
Bankwell Financial Group's revenue streams in c 19 are Service Charges and Fees
What is Bankwell Financial Group’s main source of revenue?
For the fiscal year ending Dec 19, the largest source of revenue of Bankwell Financial Group was Service Charges and Fees. This segment made a revenue of $1M, representing 100.00% of the company's total revenue.