Filing Flows › Bankwell Financial Group (BWFG) › Q1 2026
Bankwell Financial Group (BWFG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Bankwell Financial Group (BWFG) reported revenue of $30.2M for the first quarter 2026 (Q1 2026), +28% from a year earlier and -0.3% from the quarter before. Operating margin was 47.5%, net earnings $11.3M (37.3% of revenue).
Bankwell Financial Group, Q1 2026: revenue $30.2M (+28% year over year), operating margin 47.5%, net earnings $11.3M, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.2M | -0.3% | +28% |
| Operating profit | $14.4M | +0.9% | +60% |
| Net earnings | $11.3M | +23% | +64% |
| Operating cash flow | $7.7M | +2% | +97% |
| Free cash flow | $7.3M | -0.4% | +89% |
What changed
Revenue was $30.2M in Q1 2026, up 28% year over year and roughly flat from the previous quarter.
Operating profit was $14.4M, a 47.5% margin (up 9.5 points year over year). Of the extra revenue versus Q1 2025, 81% reached operating profit, above the 38% margin then. Total costs grew 9% against revenue growth of 28%. Net earnings were $11.3M, up 64% year over year. The effective tax rate was 21.5%.
Operating cash flow was $7.7M (up 97% year over year), 69% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $5.7M. Capital expenditures of $470K left free cash flow of $7.3M.
Questions
What was Bankwell Financial Group's revenue in the first quarter 2026?
Bankwell Financial Group (BWFG) reported revenue of $30.2M for the first quarter 2026 (Q1 2026), +28% from a year earlier and -0.3% from the quarter before.
Was Bankwell Financial Group profitable in the first quarter 2026?
Operating profit was $14.4M (47.5% of revenue) and net earnings $11.3M.