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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
 
Price: $7.6100 $-0.30 -3.793%
Day's High: $8.115 Week Perf: -8.09 %
Day's Low: $ 7.60 30 Day Perf: -4.04 %
Volume (M): 105 52 Wk High: $ 9.25
Volume (M$): $ 798 52 Wk Avg: $7.22
Open: $7.87 52 Wk Low: $5.58



 Market Capitalization (Millions $) 164
 Shares Outstanding (Millions) 22
 Employees -
 Revenues (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 3

Western New England Bancorp Inc
Western New England Bancorp Inc is a financial holding company that operates through its subsidiary, Westfield Bank. The company provides a range of banking and financial services to individuals and businesses in western Massachusetts and northern Connecticut. These services include checking and savings accounts, loans, mortgages, investment services, and various other wealth management products. Western New England Bancorp Inc focuses on building strong relationships with its customers and delivering personalized solutions to meet their financial needs. As a community bank, it also actively participates in community development and supports local organizations through donations and sponsorships.


   Company Address: 141 Elm Street Westfield 1085 MA
   Company Phone Number: 568-1911   Stock Exchange / Ticker: NASDAQ WNEB
   


Customers Net Income fell by WNEB's Customers Net Profit Margin fell to

-45.53 %

-0.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
CAC   -5.65%    
CBNK   -0.64%    
EBTC   -1.48%    
IBCP   -2%    
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Western New England Bancorp Inc

Western New England Bancorp Inc Suffers Significant Decline in Revenue and Income During Fourth Quarter of 2023

Western New England Bancorp Inc (WNEB) recently reported a significant decline in revenue and income for the financial fourth quarter of 2023. The company's revenue decreased by -30.174% to $18.40 million compared to $26.36 million in the previous year. This decline in revenue led to a fall in income by -71.68% for the fourth quarter. The earnings per share also saw a significant drop from $0.42 per share in the prior year to $0.12 per share in the current quarter.
Looking at the company's profitability for the fourth quarter of 2023, Western New England Bancorp Inc's operating margin decreased to 19.66%, and the net margin shrank to 13.64%. Operating earnings fell by -70.71% to $3.619 million, squeezing the company's operating margin from 46.87% in the fourth quarter of 2022.

Dividend

Western New England Bancorp, Inc.: A Glance at the Fiscal Changes & Market Implications for 2023

Published Tue, Jan 23 2024 9:06 PM UTC


In the bustling world of finance, the turning of the calendar to welcome a new year also brings the all-important evaluation of a company's financial performance for the prior year. When it comes to Western New England Bancorp, Inc. (WNEB), a careful analysis of their results yielded some intriguing insights.
WNEB, the mother company for Westfield Bank, proudly disc...

Western New England Bancorp Inc

Western New England Bancorp Inc. Demonstrates Resilience Amidst Economic Challenges, Reports Slight Revenue Decline for Q3 2023

Revenue and bottom-line dropped in sympathy in the financial three months closing September 30, 2023, with Western New England Bancorp Inc experiencing a decrease of 25% in income to $0.21 per share and a decrease of 11.539% in revenue year on year. During this period, revenue stood at $19.64 million, compared to $22.20 million in the same quarter of the previous year. However, there was positive growth when compared to the prior fiscal period, with income per share increasing by 61.54% from $0.13 per share and revenue advancing by 9.008% from $18.02 million.
The financial results for the three and nine-month periods ending September 30, 2023, were unveiled by Western New England Bancorp Inc in a recent press release. Despite a slight decrease in net income compared to the previous year, the company showcased resilience and stability amidst the prevailing economic challenges. Net income for the three months ending September 30, 2023, amounted to $4.5 million, or $0.21 per diluted share. This represents a decrease from the same period in 2022 when net income reached $6.0 million or $0.28 per diluted share. However, on a linked quarter basis, net income remained stable at $4.5 million, consistent with the prior quarter's results.

Dividend

Western New England Bancorp, Inc. Reports Steady Financial Performance Amid Challenging Economic Climate

Published Tue, Oct 24 2023 8:06 PM UTC



In the recent press release by Western New England Bancorp, Inc. (NASDAQ: WNEB), the holding company for Westfield Bank, the financial institution unveiled its unaudited results for the three and nine months ended September 30, 2023. Despite a slight decrease in net income compared to the previous year, the company demonstrated resilience and stability amidst the p...

Western New England Bancorp Inc

Western New England Bancorp Inc. Grapples with Dramatic Profit Plunge amid Struggling Sales in Q2 2023

Western New England Bancorp Inc, a financial institution based in New England, recently released its financial results for the April to June 30, 2023, period. Unfortunately, the company reported a decline in both its top and bottom-line figures, with net profit per share dropping by 48% and revenue decreasing by 17.474% year on year.
During this financial period, the company generated a revenue of $18.02 million, compared to $21.83 million in the same period in 2022. Similarly, the earnings per share (eps) also declined from $0.25 to $0.13. These figures represent a significant decrease in profitability from the previous year, as the profit per share fell by 45.83% and the revenue fell by 17.617%.






 

Western New England Bancorp Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Western New England Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Western New England Bancorp Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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