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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

WNEB's Financial Statements and Analysis



Western New England Bancorp Inc reported in the forth quarter of 2023 net earnings per share of $0.12 a decrease by -71.68 % year on year from $0.42 and decline of -43.77 % from $0.21 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.12 $  18 Mill
$-0.30     -71.68 % $-8M     -30.17 %



Western New England Bancorp Inc 's Revenue fell by -30.17 % in forth quarter of 2023 (Dec 31 2023) year on year, to $18 million and declined by -6.3 % sequentially.


Western New England Bancorp Inc is

More on WNEB's Income Statement



Western New England Bancorp Inc 's net income of $2.511 million in the forth quarter of 2023 decreased by -72.21 % from net earnings of $9.034 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -44.08 % from net income of $4.490 million realized in previous quarter.

More on WNEB's Growth

Western New England Bancorp Inc Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-33 million, capital expenditures fell by -0.559149.19%, to $-1 millions compare to same quarter a year ago

More on WNEB's Cash flow Statement


Western New England Bancorp Inc payed out dividend of $0.28 per share in last 52 weeks representing 40.00 % of net earning per share in trailing twelve-month period.

During the same period Western New England Bancorp Inc earned $ 0.69 cash per share, on a free-cash flow basis 98.04 % of net earning per share.

Book value grew by 3.55 % sequentially to $11.03 per share, 90.21% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 10.36 per share from $ 9.99.

Company repurchased 0.15 million shares or 0.71 % in Dec 31 2023.
Interest Coverage Ratio was 1.59. Debt Coverage Ratio was 0.35.

More on WNEB's Dividends

 Market Capitalization (Millions) 162
 Shares Outstanding (Millions) 22
 Total Debt (Millions $) 156
 Revenue (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 0.28 $
 Dividend Yield TTM (%) 3.72 %
 Employees (TTM) $ -




Western New England Bancorp Inc payed out dividend of $0.28 per share in the last 52 weeks representing 40.00 % of net earning per share in trailing twelve-month period.

During the same period Western New England Bancorp Inc had $ 0.69 cash flow per share, on a free-cash flow basis 98.04 % of net earning per share.

Book value grew by 3.55 % sequentially to $11.03 per share, 90.21% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 10.36 per share from $ 9.99.

Company repurchased 0.15 million shares or 0.71 % in Dec 31 2023.
Interest Coverage Ratio was 1.59. Debt Coverage Ratio was 0.35.

More on WNEB's Balance Sheets

 Market Capitalization (Millions) 162
 Shares Outstanding (Millions) 22
 Total Debt (Millions $) 156
 Revenue (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 0.28 $
 Dividend Yield TTM (%) 3.72 %
 Employees (TTM) $ -
   


  News about Western New England Bancorp Inc Earnings

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...

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 ...

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

We...

Western New England Bancorp Inc Demonstrates Steadfast Performance in Q1 2023 Financial Results

The SandLs Savings Banks recently announced their earnings for the first quart...


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





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