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Western New England Bancorp Inc   (WNEB)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial


Western New England Bancorp Inc 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Western New England Bancorp Inc 's ROA in the fourth quarter of 2023?
Western New England Bancorp Inc achieved a return on average assets (ROA) of 0.58 % in its fourth quarter of 2023, which is below Western New England Bancorp Inc 's average return on assets, which stands at 0.65%.

ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.

However, within the Financial sector 378 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 1638, from total ROA ranking in the third quarter of 2023 at 2299.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 0.75 % -0.66 % 3.02 % 4.61 % 6.42 %
Y / Y Net Income Change -72.21 % -25.15 % -50.08 % -0.28 % 45.24 %
Net Income (TTM) in million 15 22 23 26 26
Return On Assets (TTM) 0.58 % 0.83 % 0.89 % 1 % 1.01 %
WNEB's Total Ranking # 1638 # 2299 # 2415 # 2432 # 2722
Total Assets (TTM) in million 2,611 2,597 2,606 2,608 2,591
Seq. Total Assets Change 0.51 % -0.33 % -0.05 % 0.63 % -0.9 %
Seq. Net Income Change -44.08 % 62.5 % -47.91 % -41.29 % 50.59 %



Return On Assets Company Ranking
Within: No.
Industry # 13
Sector # 379
Overall # 1632

Return On Assets Statistics
High Average Low
1.01 %
0.65 %
0.4 %
(Dec 31 2022)   (June 30. 2016)





Financial Statements
Western New England Bancorp Inc 's Assets $ 2,611 million WNEB's Balance sheet
Western New England Bancorp Inc 's Income $ 3 million Quarterly WNEB's Income Statement
WNEB's Income by Division See WNEB's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 0.75 % 6.42 % 6.87 % 4.44 % 2.96 %
Total Assets in million 2,611 2,591 2,435 2,278 2,181
Y / Y Net Income Change -41.79 % 9.23 % 111.32 % -15.99 % -18.64 %
Net Income in million 15 26 24 11 13
Return On Assets 0.58 % 1 % 0.97 % 0.49 % 0.61 %




Comment on WNEB's ROA in the fiscal year ending 2023
In the fiscal year 2023 Western New England Bancorp Inc 's ROA decreased compared to previous year to 0.58 %, due to deterioration of net income -41.79 % to $15.07 million, from $25.89 million a year ago, as WNEB's assets were $2,610.68 million.


More Return On Assets Ratios
WNEB's' Return on Assets at Yahoo Finance
S&Ls Savings Banks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
WNEB's Roa Ratio versus S&Ls Savings Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for WNEB's Competitors
Roa for Western New England Bancorp Inc 's Suppliers
Return On Assets for WNEB's Customers

You may also want to know
WNEB's Roi WNEB's Inventory Turnover Ratio WNEB's Growth Rates WNEB's Dividend Comparisons
WNEB's Profitability Ratios WNEB's Asset Turnover Ratio WNEB's Dividend Growth
WNEB's Roe WNEB's Valuation Ratios WNEB's Financial Strength Ratios WNEB's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Financial Sector ROA
Consumer Portfolio Services Inc   1.58 %
Cb Financial Services Inc   1.58 %
Unity Bancorp inc   1.56 %
Old Second Bancorp Inc  1.56 %
Rlj Lodging Trust  1.55 %
Cathay General Bancorp  1.55 %
Columbia Banking System Inc   1.55 %
S and t Bancorp Inc   1.55 %
Granite Real Estate Investment Trust  1.53 %
National Rural Utilities Cooperative Finance Corpo  1.52 %
Commerce Bancshares Inc   1.52 %
South Plains Financial Inc   1.51 %
Citizens Inc   1.50 %
First Financial Ban corp   1.49 %
Metrocity Bankshares inc   1.48 %
First Community Bankshares Inc  1.48 %
1st Source Corporation  1.47 %
Lakeland Financial Corporation  1.45 %
National Bank Holdings Corp  1.43 %
Parke Bancorp Inc   1.43 %
Republic Bancorp inc   1.42 %
German American Bancorp Inc   1.42 %
Timberland Bancorp Inc   1.41 %
Mercury General Corporation  1.41 %
Southern States Bancshares Inc   1.40 %
Enterprise Financial Services Corp  1.39 %
Community Trust Bancorp Inc  1.39 %
First Commonwealth Financial Corp  1.39 %
Five Star Bancorp  1.37 %
Stock Yards Bancorp Inc   1.37 %


Date modified: 2024-03-10T15:44:01+00:00


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