Filing Flows › Bankwell Financial Group (BWFG) › Q1 2025
Bankwell Financial Group (BWFG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Bankwell Financial Group (BWFG) reported revenue of $23.6M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +11% from the quarter before. Operating margin was 38.0%, net earnings $6.9M (29.2% of revenue).
Bankwell Financial Group, Q1 2025: revenue $23.6M (+7% year over year), operating margin 38.0%, net earnings $6.9M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.6M | +11% | +7% |
| Operating profit | $9.0M | +121% | +76% |
| Net earnings | $6.9M | +132% | +83% |
| Operating cash flow | $3.9M | -73% | -57% |
| Free cash flow | $3.8M | -73% | -57% |
What changed
Revenue was $23.6M in Q1 2025, up 7% year over year and up 11% from the previous quarter.
Operating profit was $9.0M, a 38.0% margin (up 15.0 points year over year). Of the extra revenue versus a year earlier, 257% reached operating profit, above the 23% margin then. Total costs fell 14% while revenue rose 7%. Net earnings were $6.9M, up 83% year over year. The effective tax rate was 23.2%.
Operating cash flow was $3.9M (down 57% year over year), 57% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $243K of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $97K left free cash flow of $3.8M.
Questions
What was Bankwell Financial Group's revenue in the first quarter 2025?
Bankwell Financial Group (BWFG) reported revenue of $23.6M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +11% from the quarter before.
Was Bankwell Financial Group profitable in the first quarter 2025?
Operating profit was $9.0M (38.0% of revenue) and net earnings $6.9M.