Goodwill and Other Intangible Assets
Information on goodwill for the years ended December 31, 2025 and 2024 is as follows:
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Balance, beginning of the period$2,589 $2,589 
Impairment— — 
Balance, end of the period$2,589 $2,589 
The Company tests for goodwill impairment annually as of June 30th. No impairment was required to be recorded on goodwill in 2025 or 2024.
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Historical Timeline

Fiscal YearFiled
2025Mar 4, 2026Showing above
2024Mar 5, 2025
2023Mar 12, 2024

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.