Filing Flows › Financials › Bankwell Financial Group (BWFG)
Bankwell Financial Group (BWFG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Bankwell Financial Group (BWFG) Q3 2026 earnings results →
Q3 2026 Revenue up 24% year over year to $35.3M · 36¢ of every $1 of revenue kept as net profit · operating margin 47.5%
Bankwell Financial Group made $35.3M in Q3 2026 (+24% Y/Y): Net interest income $31.4M, Noninterest income $4.0M. Operating margin 47.5%, net earnings $12.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $35.3M in Q3 2026, up 24% year over year and up 8% from the previous quarter. Net interest income was the largest line at 89% of revenue. Net interest income added $5.4M year over year (up 21%), 79% of the total change.
Operating profit was $16.8M, a 47.5% margin (up 0.1 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 47% margin then. Total costs grew 24% against revenue growth of 24%. Net earnings were $12.7M, up 26% year over year. The effective tax rate was 24.0%.
Operating cash flow was $13.0M (up 25% year over year), 102% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $912K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $724K left free cash flow of $12.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $35.3M | +24% | 47.5% | $12.7M | $13.0M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $32.8M | +26% | 49.7% | $12.4M | $10.2M |
| Q1 2026 | 10-Q | May 6, 2026 | $30.2M | +28% | 47.5% | $11.3M | $7.7M |
| Q4 2025 | 10-K | Mar 4, 2026 | $30.3M | +43% | 46.9% | $9.1M | $7.5M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $28.5M | +30% | 47.3% | $10.1M | $10.3M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $25.9M | +18% | 45.5% | $9.1M | $6.5M |
| Q1 2025 | 10-Q | May 7, 2025 | $23.6M | +7% | 38.0% | $6.9M | $3.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Bankwell Financial Group
This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. These statements are often, but not always, made with the words or phrases such as “may,” “should,” “believe,” “likely result in,” “expect,” “would,” “intend,” “could,” “predict,” “potential,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “plan,” “projection,” and “outlook” or the negative version of those words or other similar words of a forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control.
In its own words, from its 10-K, filed Mar 4, 2026.
Bankwell Financial Group against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +12%. Operating margin: 47.5% against the peers' median 34.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BWFG Bankwell Financial Group | Q3 2026 | $35.3M | +24% | 47.5% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Bankwell Financial Group 10-Q on SEC EDGAR · CIK 1505732 · State Commercial Banks
Guidance and outlook
13F: who owns BWFG and who is buying
More on BWFG
- How Bankwell Financial Group makes money: revenue by segment
- Bankwell Financial Group next earnings date and what analysts expect
- Bankwell Financial Group stock forecast, price target and fair value
- Who owns Bankwell Financial Group stock: holders, funds and Congress trades
- Bankwell Financial Group guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results