Bankwell Financial Group (BWFG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Bankwell Financial Group

NasdaqGM•Financial Services•Banks - Regional

$67.39+1.24(0.02%)Market closed

Market Cap

$524.95M

P/E

12.2x

P/S

4.3x

P/B

1.6x

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It provides various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also offers first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and personal loans. It operates branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.

How this company scores

WeakMetricSide Score: 87/100

Grade capped at D — Interest coverage below 1× (0.7x) — earnings cannot cover interest. Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability23/25

Growth24/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.7x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.2x5y range 5.8x – 24.7x

Currently above its 20-quarter median.

P/S · 4.3x5y range 2.2x – 4.3x

Currently above its 20-quarter median.

P/B · 1.6x5y range 0.8x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $524.95M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $121.82M
Q. Revenue: $32.78M
TTM EBITDA: $64.71M
TTM Op. Income: $58.38M
Q. Op. Income: $16.30M
TTM Net Income: $42.87M
Q. Net Income: $12.37M
EPS: $1.55
Shares Out.: $7.86M

$121.82M in TTM revenue grew 31.6% YoY, reaching $32.78M last quarter. TTM EBITDA of $64.71M and TTM operating income of $58.38M show growth is flowing through to the bottom line. TTM net income of $42.87M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 53.0%
Op. Margin: 49.7%
Net Margin: 37.7%

Op. margin of 49.7% is up 4.2% YoY — cost efficiency is improving. Net margin at 37.7% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.2x
P/S Ratio: 4.3x
P/B Ratio: 1.6x

At 12.2x P/E, the stock trades below typical market levels. P/S of 4.3x and P/B of 1.6x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 9% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.48B
Cash: $203.40M
Long-Term Debt: $69.82M
Book Value: $323.50M
D/E Ratio: 0.2
Debt/EBITDA: 4.0

With $3.48B in assets and $69.82M in long-term debt, D/E is 0.2and book value is $323.50M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $10.22M
TTM Free Cash Flow: $34.50M
FCF Margin: 28.3%
FCF / Net Income: 0.8

TTM FCF of $34.50M on $10.22M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.