Filing Flows › Bankwell Financial Group (BWFG) › Q3 2026
Bankwell Financial Group (BWFG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Bankwell Financial Group (BWFG) reported revenue of $35.3M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +8% from the quarter before. Operating margin was 47.5%, net earnings $12.7M (36.0% of revenue).
Bankwell Financial Group, Q3 2026: revenue $35.3M (+24% year over year), operating margin 47.5%, net earnings $12.7M, operating cash flow $13.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.3M | +8% | +24% |
| Operating profit | $16.8M | +3% | +24% |
| Net earnings | $12.7M | +3% | +26% |
| Operating cash flow | $13.0M | +27% | +25% |
| Free cash flow | $12.2M | +22% | +23% |
What changed
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.
Questions
What was Bankwell Financial Group's revenue in the third quarter 2026?
Bankwell Financial Group (BWFG) reported revenue of $35.3M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +8% from the quarter before.
Was Bankwell Financial Group profitable in the third quarter 2026?
Operating profit was $16.8M (47.5% of revenue) and net earnings $12.7M.