What is Bankwell Financial Group Financial Strength?
Bankwell Financial Group has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Bankwell Financial Group's interest coverage with the available data.
Bankwell Financial Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.70.
Altman Z-Score does not apply to banks and insurance companies.
Bankwell Financial Group Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Bankwell Financial Group's Interest Expense for the
months ended in Dec. 2023 was $-27.15 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $159.21 Mil.
Bankwell Financial Group's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Bankwell Financial Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bankwell Financial Group (Bankwell Financial Group) Business Description
Traded in Other Exchanges
N/A
Address
258 Elm Street, New Canaan, CT, USA, 06840
Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.
Executives
| Lawrence B Seidman |
director |
LANIDEX CORPORATE PARK, 100 LANIDEX PLAZA 1ST FL, PARSIPPANY NJ 07054 |
| Eric J Dale |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
| Jeffrey R Dunne |
director |
90 BUTTERNUT LANE, SOUTHPORT CT 06890 |
| Carl M Porto |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
| Blake S Drexler |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
| Christine Chivily |
officer: EVP & Chief Credit Officer |
C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840 |
| Garnett James M Jr |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840 |
| Todd Lampert |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
| Anahaita N. Kotval |
director |
C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708 |
| Ryan Jason Hildebrand |
officer: Chief Innovation Officer |
32520 NE CORRAL CREEK ROAD, NEWBERG OR 97132 |
| Christopher Gruseke |
officer: Chief Strategic Officer |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
| Sacchetti Courtney E |
officer: EVP & Chief Financial Officer |
258 ELM STREET, NEW CANAAN CT 06840 |
| Laura Waitz |
officer: EVP & Chief of Staff |
C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840 |
| Darryl Demos |
director |
300 COLONIAL CENTER PARKWAY, SUITE 600, ROSWELL GA 30076 |
| Richard Castiglioni |
director |
C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BWFG has been successfully added to your