← Bankwell Financial Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $12.3m |
$13.8m
+11.98%
|
$17.4m
+26.05%
|
$18.2m
+4.49%
|
$5.9m
-67.59%
|
$26.6m
+350.30%
|
$37.4m
+40.78%
|
$36.7m
-2.05%
|
$9.8m
-73.35%
|
$35.2m
+260.27%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $12.3m |
$13.8m
+11.98%
|
$17.4m
+26.05%
|
$18.2m
+4.49%
|
$5.9m
-67.59%
|
$26.1m
+341.68%
|
$36.6m
+40.41%
|
$35.7m
-2.49%
|
$9.5m
-73.32%
|
$34.8m
+265.17%
|
— | |
| Depreciation, Depletion and Amortization | $1.7m | $1.5m | $1.7m | $3.4m | $3.3m | $3.6m | $3.4m | $3.6m | $3.8m | $4.1m | $4.3m | |
| Amortization of Debt Issuance Costs | $51k | $52k | $52k | $52k | $52k | $265k | $166k | $246k | $246k | $246k | — | |
| Amortization of Intangible Assets | $151k | $118k | $92k | $75k | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($1.1m) | $3.9m | $1.3m | $276k | ($3.5m) | $1.7m | ($2.0m) | ($191k) | ($469k) | ($1.4m) | $117k | |
| Share-based Payment Arrangement, Noncash Expense | $1.2m | $917k | $1.3m | $1.0m | $1.8m | $1.8m | $2.4m | $3.1m | $3.0m | $2.3m | $3.4m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $300k | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Other Operating Assets | $3.0m | $1.7m | $1.0m | $12.7m | $19.6m | ($9.2m) | ($18.5m) | $2.9m | $3.4m | $4.4m | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | ($31k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $17.4m |
$20.6m
+18.42%
|
$20.0m
-2.89%
|
$6.6m
-66.81%
|
($1.5m)
-122.80%
|
$34.6m
+2385.58%
|
$82.7m
+139.22%
|
$31.9m
-61.38%
|
$29.9m
-6.24%
|
$28.3m
-5.56%
|
$35.8m
+26.71%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($44k) | ($10k) | ($35k) | ($498k) | $20k | ($13k) | $0 | — | ($8.4m) | |
| Payments to Acquire Property, Plant, and Equipment | $8.4m | $1.9m | $3.4m | $645k | $3.3m | $4.3m | $5.0m | $2.0m | $613k | $1.1m | ($1.3m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $770k | $5.2m | $9.4m | $9.9m | $2.2m | $10.0m | $0 | $0 | $10.0m | $31.0m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | $76k | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($291.7m) | ($194.5m) | ($74.6m) | $18.7m | ($21.9m) | ($270.0m) | ($811.2m) | ($48.3m) | ($34.0m) | ($165.2m) | ($344.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | $0 | $0 | $988k | $1.0m | $5.1m | $5.5m | $0 | $2.1m | $1.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $1.7m | $2.1m | $3.8m | $4.1m | $4.4m | $5.0m | $6.2m | $6.2m | $6.3m | $6.3m | ($6.3m) | |
| Proceeds from Issuance of Common Stock | $200k | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $282.1m |
$148.3m
-47.44%
|
$62.0m
-58.17%
|
($25.4m)
-140.92%
|
$355.0m
+1498.86%
|
$170.6m
-51.96%
|
$739.5m
+333.59%
|
($70.1m)
-109.49%
|
$42.4m
+160.43%
|
$54.3m
+28.11%
|
$189.8m
+249.49%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $7.8m | ($25.6m) | $7.4m | ($61k) | $331.5m | ($64.9m) | $11.0m | ($86.5m) | $38.4m | ($82.6m) | $203.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $78.1m | $409.6m | $344.7m | $355.7m | $269.2m | $307.5m | $224.9m | $203.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $693k | $1.2m | $1.1m | $1.0m | $967k | $1.0m | $1.1m | $1.2m | $1.4m | $1.4m | — | |
| Gain (Loss) on Sales of Loans, Net | $466k | $1.4m | $984k | $1.8m | $43k | $2.7m | $1.2m | $2.0m | $523k | $5.1m | — | |
| Proceeds from Stock Options Exercised | $1.1m | $1.4m | $536k | $30k | $16k | $53k | $48k | $155k | $0 | — | — | |
| Parent Company | $1.7m | $2.1m | $3.8m | $4.1m | $4.4m | $5.0m | $6.2m | $6.2m | $6.3m | $6.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $18.7m | $23.9m | $23.0m | $14.0m | $17.8m | $86.0m | $108.7m | $99.4m | — | |
| Income Taxes Paid, Net | $8.6m | $8.0m | $3.7m | $2.9m | $4.0m | $5.1m | $11.5m | $12.1m | $5.4m | — | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $66k | $54k | ($63k) | ($212k) | $31k | ($13k) | $61k | — | |
| Goodwill | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | — | |
| Income Tax Expense (Benefit) | $6.0m | $11.3m | $3.7m | $4.7m | $1.4m | $7.3m | $10.6m | $11.4m | $3.6m | $13.3m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $3.9m | $1.3m | $3.4m | $437k | $7.6m | ($57k) | $5.4m | $866k | $22.6m | $1.0m | — | |
| Realized Investment Gains (Losses) | $115k | — | — | — | — | — | — | — | — | — | — |