Bankwell Financial | 10-Q: FY2025 Q3 Revenue: USD 53.09 M

Revenue: As of FY2025 Q3, the actual value is USD 53.09 M.

EPS: As of FY2025 Q3, the actual value is USD 1.27, beating the estimate of USD 1.06.

EBIT: As of FY2025 Q3, the actual value is USD -12.51 M.

Segment Revenue

• Interest and Fees on Loans: $46,328 thousand for the three months ended September 30, 2025, compared to $43,596 thousand for the same period in 2024. For the nine months ended September 30, 2025, interest and fees on loans were $133,931 thousand, compared to $129,981 thousand in 2024.

Operational Metrics

• Net Interest Income: $25,987 thousand for the three months ended September 30, 2025, compared to $20,717 thousand for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $71,989 thousand, compared to $63,083 thousand in 2024.
• Net Income: $10,078 thousand for the three months ended September 30, 2025, compared to $1,926 thousand for the same period in 2024. For the nine months ended September 30, 2025, net income was $26,054 thousand, compared to $6,807 thousand in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $20,726 thousand for the nine months ended September 30, 2025, compared to $15,621 thousand for the same period in 2024.
• Net Cash Provided by Investing Activities: $18,301 thousand for the nine months ended September 30, 2025, compared to $62,002 thousand for the same period in 2024.
• Net Cash Used in Financing Activities: -$51,191 thousand for the nine months ended September 30, 2025, compared to -$55,443 thousand for the same period in 2024.

Unique Metrics

• Provision for Credit Losses: $372 thousand for the three months ended September 30, 2025, compared to $6,296 thousand for the same period in 2024. For the nine months ended September 30, 2025, provision for credit losses was $424 thousand, compared to $18,162 thousand in 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to be the banking provider of choice by offering responsive, client-centric products and services, pursuing organic growth and strategic acquisitions, utilizing efficient and scalable infrastructure, and maintaining a disciplined focus on risk management.
• Priority: The company emphasizes strategies with concrete projections such as maintaining appropriate regulatory leverage and risk-based capital ratios, and improving net interest margin, efficiency ratio, and return on average assets and equity.