Filing Flows › Bankwell Financial Group (BWFG) › Q2 2026
Bankwell Financial Group (BWFG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Bankwell Financial Group (BWFG) reported revenue of $32.8M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +8% from the quarter before. Operating margin was 49.7%, net earnings $12.4M (37.7% of revenue).
Bankwell Financial Group, Q2 2026: revenue $32.8M (+26% year over year), operating margin 49.7%, net earnings $12.4M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.8M | +8% | +26% |
| Operating profit | $16.3M | +13% | +38% |
| Net earnings | $12.4M | +10% | +36% |
| Operating cash flow | $10.2M | +32% | +58% |
| Free cash flow | $10.0M | +38% | +65% |
What changed
Revenue was $32.8M in Q2 2026, up 26% year over year and up 8% from the previous quarter.
Operating profit was $16.3M, a 49.7% margin (up 4.2 points year over year). Of the extra revenue versus Q2 2025, 66% reached operating profit, above the 46% margin then. Total costs grew 17% against revenue growth of 26%. Net earnings were $12.4M, up 36% year over year. The effective tax rate was 24.1%.
Operating cash flow was $10.2M (up 58% year over year), 83% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $937K of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $191K left free cash flow of $10.0M.
Questions
What was Bankwell Financial Group's revenue in the second quarter 2026?
Bankwell Financial Group (BWFG) reported revenue of $32.8M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +8% from the quarter before.
Was Bankwell Financial Group profitable in the second quarter 2026?
Operating profit was $16.3M (49.7% of revenue) and net earnings $12.4M.