--- title: "Bankwell Financial | 10-K: FY2025 Revenue: USD 108.32 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/277829268.md" datetime: "2026-03-04T20:37:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277829268.md) - [en](https://longbridge.com/en/news/277829268.md) - [zh-HK](https://longbridge.com/zh-HK/news/277829268.md) --- # Bankwell Financial | 10-K: FY2025 Revenue: USD 108.32 M Revenue: As of FY2025, the actual value is USD 108.32 M. EPS: As of FY2025, the actual value is USD 4.45, missing the estimate of USD 4.4833. EBIT: As of FY2025, the actual value is USD 147.89 M. #### Overall Financial Performance - **Net Income**: Bankwell Financial Group, Inc. reported a net income of $35.2 million for the year ended December 31, 2025, which is a 260.3% increase compared to $9.8 million in 2024. - **Return on Average Assets**: Increased to 1.09% in 2025 from 0.31% in 2024. - **Return on Average Common Shareholders’ Equity**: Rose to 12.32% in 2025 from 3.60% in 2024. - **Total Assets**: Stood at $3.4 billion at December 31, 2025, up from $3.3 billion at December 31, 2024. - **Total Shareholders’ Equity**: Increased to $301.5 million as of December 31, 2025, from $270.5 million at December 31, 2024. #### Revenue and Profitability - **Total Revenue**: $108.3 million for 2025, an increase from $87.0 million in 2024. - **Net Interest Income**: $98.9 million in 2025, an increase of $15.7 million compared to 2024. - **Net Interest Margin**: Increased by 46 basis points to 3.16% in 2025. - **Noninterest Income**: Increased by $5.7 million to $9.4 million in 2025, primarily due to higher gains from SBA loan sales. #### Operating Costs - **Noninterest Expense**: Increased by $7.7 million, or 15.2%, to $58.8 million in 2025 compared to 2024, mainly due to higher salaries, employee benefits, and professional services. - **Efficiency Ratio**: Improved to 54.1% in 2025 from 57.9% in 2024. #### Loan Portfolio - **Total Loans**: Before deferred loan fees and ACL-Loans, totaled $2,840,072 thousand at December 31, 2025, an increase of $134,184 thousand from $2,705,888 thousand at December 31, 2024. - **Residential Real Estate Loans**: Decreased by $9,627 thousand (-22.5%) to $33,139 thousand at December 31, 2025. - **Commercial Real Estate Loans**: Increased by $31,845 thousand (1.7%) to $1,930,979 thousand at December 31, 2025. - Non-owner occupied commercial real estate loans were $1,128,993 thousand and owner occupied were $801,851 thousand at December 31, 2025. - The largest property types were residential care ($795,166 thousand), retail ($296,950 thousand), and multifamily ($267,759 thousand). - **Construction Loans**: Decreased by $19,777 thousand (-11.4%) to $153,778 thousand at December 31, 2025. - **Commercial Business Loans**: Increased by $130,196 thousand (25.3%) to $645,321 thousand at December 31, 2025. - **Consumer Loans**: Increased by $1,547 thousand (2.1%) to $76,855 thousand at December 31, 2025. #### Asset Quality - **Provision for Credit Losses**: $1.0 million in 2025, a significant decrease from $22.6 million in 2024. - **Total Past Due Loans**: $8.9 million (0.31% of total loans) at December 31, 2025, decreasing by $35.2 million from 2024. - **Nonperforming Assets as a Percentage of Total Assets**: Decreased to 0.49% at December 31, 2025, from 1.88% at December 31, 2024. - **Total Nonaccrual Loans**: $16.3 million at December 31, 2025, compared to $53.3 million at December 31, 2024. - **ACL-Loans**: $30.7 million, representing 1.08% of total loans at December 31, 2025, compared to $29.0 million, or 1.07% of total loans, at December 31, 2024. - **ACL-Loans to Nonperforming Loans Ratio**: 188.33% in 2025, up from 54.45% in 2024. - **Net Recoveries**: -0.01% of average loans in 2025, compared to net charge-offs of 0.81% in 2024. #### Deposit Activities and Other Sources of Funds - **Total Deposits**: $2.8 billion at December 31, 2025, an increase of $41.9 million (1.5%) from December 31, 2024. - **Noninterest-bearing Demand Deposits**: Increased to $403,652 thousand (14.27% of total deposits) at December 31, 2025. - **Money Market Deposits**: Increased to $1,007,844 thousand (35.62% of total deposits) at December 31, 2025. - **Time Deposits**: Decreased to $1,230,362 thousand (43.48% of total deposits) at December 31, 2025. - Brokered certificates of deposits were $505.0 million at December 31, 2025, down from $651.5 million at December 31, 2024. - **FHLB Borrowings**: Increased to $110.0 million at December 31, 2025, from $90.0 million at December 31, 2024. #### Investment Securities - **Carrying Value**: The investment securities portfolio was $192.1 million at December 31, 2025, an increase of $46.0 million from $146.1 million at December 31, 2024. #### Capital Resources - **Regulatory Capital Levels**: Bankwell Bank exceeded regulatory minimum capital levels to be considered well-capitalized at December 31, 2025, with a Tier 1 capital to average assets ratio of 10.56%, a Tier 1 capital to risk-weighted assets ratio of 11.87%, and a total capital to risk-weighted assets ratio of 12.94%. #### Off-Balance Sheet Arrangements - **Commitments to Extend Credit**: Totaled $520.6 million at December 31, 2025, including loan pipeline, loan commitments, undisbursed construction loans, and unused home equity lines of credit. #### Outlook / Guidance Bankwell Financial Group, Inc. aims to be the preferred banking provider by focusing on client-focused growth, community engagement, and strategic investments in scalable infrastructure. The company plans to continue pursuing strategic acquisitions that offer financial benefits and operational efficiencies without compromising its risk profile. 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