Bankwell Financial Group (BWFG) Revenue & Revenue Breakdown


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Bankwell Financial Group Revenue Highlights


Latest Revenue (Y)

$193.30M

Latest Revenue (Q)

$46.36M

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

DateRevenueChange
2023-12-31$193.30M97.68%
2022-12-31$97.78M32.96%
2021-12-31$73.54M27.42%
2020-12-31$57.72M-2.18%
2019-12-31$59.01M-2.03%
2018-12-31$60.23M2.09%
2017-12-31$58.99M13.96%
2016-12-31$51.77M11.88%
2015-12-31$46.27M33.34%
2014-12-31$34.70M20.84%
2013-12-31$28.72M33.25%
2012-12-31$21.55M14.32%
2011-12-31$18.85M215.08%
2006-12-31$5.98M12.82%
2005-12-31$5.30M36.21%
2004-12-31$3.89M28.77%
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

DateRevenueChange
2024-09-30$46.36M-4.51%
2024-06-30$48.55M-1.39%
2024-03-31$49.23M-2.55%
2023-12-31$50.52M115.20%
2023-09-30$23.48M-7.54%
2023-06-30$25.39M-6.19%
2023-03-31$27.07M-0.99%
2022-12-31$27.34M9.33%
2022-09-30$25.00M0.11%
2022-06-30$24.98M22.02%
2022-03-31$20.47M3.62%
2021-12-31$19.75M3.09%
2021-09-30$19.16M6.34%
2021-06-30$18.02M8.48%
2021-03-31$16.61M11.30%
2020-12-31$14.93M4.94%
2020-09-30$14.22M0.06%
2020-06-30$14.21M-1.00%
2020-03-31$14.36M3.07%
2019-12-31$13.93M-4.35%
2019-09-30$14.56M-2.46%
2019-06-30$14.93M-4.17%
2019-03-31$15.58M3.40%
2018-12-31$15.07M-0.24%
2018-09-30$15.11M0.60%
2018-06-30$15.02M-0.15%
2018-03-31$15.04M-2.70%
2017-12-31$15.46M5.24%
2017-09-30$14.69M0.31%
2017-06-30$14.64M2.99%
2017-03-31$14.21M3.84%
2016-12-31$13.69M3.10%
2016-09-30$13.28M4.28%
2016-06-30$12.73M5.48%
2016-03-31$12.07M-0.05%
2015-12-31$12.08M-0.43%
2015-09-30$12.13M4.60%
2015-06-30$11.60M10.50%
2015-03-31$10.49M-1.05%
2014-12-31$10.60M26.96%
2014-09-30$8.35M6.67%
2014-06-30$7.83M-1.07%
2014-03-31$7.92M11.23%
2013-12-31$7.12M-4.83%
2013-09-30$7.48M-3.80%
2013-06-30$7.77M22.03%
2013-03-31$6.37M217.18%
2007-09-30$2.01M18.12%
2007-06-30$1.70M14.94%
2007-03-31$1.48M2.42%
2006-12-31$1.44M-7.20%
2006-09-30$1.56M0.19%
2006-06-30$1.55M8.60%
2006-03-31$1.43M5.07%
2005-12-31$1.36M-6.40%
2005-09-30$1.45M9.41%
2005-06-30$1.33M14.67%
2005-03-31$1.16M13.15%
2004-12-31$1.02M-1.42%
2004-09-30$1.04M0.68%
2004-06-30$1.03M29.32%
2004-03-31$798.00K-

Bankwell Financial Group generated $46.36M in revenue during Q3 2024, up -4.51% compared to the previous quarter, and up 182.59% 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/ServiceDec 19Dec 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/ServiceDec 19Sep 19Jun 19Mar 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

CountryDec 19Dec 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

CountryDec 19Sep 19Jun 19Mar 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


TickerCompanyLast Year RevenueLast Quarter Revenue
FBMSFirst Bancshares$387.64M$93.56M
BWFGBankwell Financial Group$193.30M$46.36M
FNWDFinward Bancorp$96.53M$22.47M
FRAFFranklin Financial Services$91.60M$30.91M
PLBCPlumas Bancorp$85.31M$24.10M
NKSHNational Bankshares$68.16M$18.67M
RBKBRhinebeck Bancorp$66.39M$6.01M
CWBCCommunity West Bancshares$61.39M$27.26M
HMNFHMN Financial$43.48M$14.79M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
HVBCHV Bancorp$25.74M$6.58M
OFEDOconee 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 Q3 2024 was $46.36M, a -4.51% decrease from the previous quarter (Q2 2024), and a 97.49% increase year-over-year (Q3 2023). The company'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). BWFG'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).

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.