Bankwell Financial Group (BWFG) Revenue & Revenue Breakdown


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Bankwell Financial Group Revenue Highlights


Latest Revenue (Y)

$191.99M

Latest Revenue (Q)

$49.98M

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
2024-12-31$191.99M93.33%
2023-12-31$99.31M1.56%
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$18.85M3.08%
2010-12-31$18.29M23.18%
2009-12-31$14.85M14.65%
2008-12-31$12.95M20.51%
2007-12-31$10.74M79.59%
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 $191.99M in revenue during NA 2024, up 93.33% compared to the previous quarter, and up 325.39% compared to the same period a year ago.

Bankwell Financial Group Revenue by Quarter

DateRevenueChange
2025-03-31$49.98M4.47%
2024-12-31$47.84M118.73%
2024-09-30$21.87M-54.95%
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 $49.98M in revenue during Q1 2025, up 4.47% compared to the previous quarter, and up 98.93% 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
BWFGBankwell Financial Group$191.99M$49.98M
FRAFFranklin Financial Services$101.45M$31.62M
FNWDFinward Bancorp$71.60M$22.34M
CWBCCommunity West Bancshares$61.39M$27.26M
FBMSFirst Bancshares$46.39M$93.56M
NKSHNational Bankshares$44.13M$20.76M
LSBKLake Shore Bancorp$34.80M$9.09M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$10.47M
RBKBRhinebeck Bancorp$25.91M$18.39M
PLBCPlumas Bancorp-$23.80M

BWFG Revenue FAQ


What is Bankwell Financial Group’s yearly revenue?

Bankwell Financial Group's yearly revenue for 2024 was $191.99M, representing an increase of 93.33% compared to 2023. The company's yearly revenue for 2023 was $99.31M, representing an increase of 1.56% compared to 2022. BWFG's yearly revenue for 2022 was $97.78M, representing an increase of 32.96% compared to 2021.

What is Bankwell Financial Group’s quarterly revenue?

Bankwell Financial Group's quarterly revenue for Q1 2025 was $49.98M, a 4.47% increase from the previous quarter (Q4 2024), and a 1.52% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $47.84M, a 118.73% increase from the previous quarter (Q3 2024), and a -5.30% decrease year-over-year (Q4 2023). BWFG's quarterly revenue for Q3 2024 was $21.87M, a -54.95% decrease from the previous quarter (Q2 2024), and a -6.83% decrease year-over-year (Q3 2023).

What is Bankwell Financial Group’s revenue growth rate?

Bankwell Financial Group's revenue growth rate for the last 3 years (2022-2024) was 96.35%, and for the last 5 years (2020-2024) was 232.64%.

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.