bwfg: the income statement

MyFinsight

Bankwell Financial Group, Inc. (BWFG)

For the quarter ending 2025-06-30, BWFG made $674K in revenue. $9,088K in net income. Net profit margin of 1348.37%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Service charges and fees	674	602	575	495
Other	-94	117	102	-190
Gains and fees from sales of loans	1,080	442	133	45
Bank-owned life insurance	352	344	346	333
Total noninterest income	2,012	1,505	1,156	683
Professional services	1,632	1,529	1,142	989
Other	941	831	1,097	986
Occupancy and equipment	2,505	2,575	2,334	2,238
Director fees	333	348	292	306
Marketing	218	142	73	90
Salaries and employee benefits	7,521	7,052	6,223	6,176
Data processing	712	885	851	755
Fdic insurance	684	779	853	705
Total noninterest expense	14,546	14,141	12,865	12,245
(credit) provision for credit losses	-411	463	6,296	8,183
Interest expense on deposits	23,083	24,772	25,579	24,677
Interest expense on borrowings	1,630	1,639	1,895	1,783
Total interest expense	24,713	26,411	27,474	26,460
Interest and fees on loans	44,128	43,475	43,596	43,060
Interest and dividends on securities	1,478	1,445	1,390	1,190
Interest on cash and cash equivalents	3,043	3,557	3,205	3,429
Total interest and dividend income	48,649	48,477	48,191	47,679
Net interest income	23,936	22,066	20,717	21,219
Net interest income after (credit) provision for credit losses	24,347	21,603	14,421	13,036
Income before income tax expense	11,813	8,967	2,712	1,474
Income tax expense	2,725	2,079	786	356
Net income	9,088	6,888	1,926	1,118

Basic (in dollars per share)	1.16	0.88	0.24	0.14
Basic (in shares)	7,777,469	7,670,224	7,715,040	7,747,675
Diluted (in dollars per share)	1.15	0.87	0.24	0.14
Diluted (in shares)	7,819,828	7,740,521	7,720,895	7,723,888

Unit: Thousand (K) dollars (except for numbers of shares and EPS)