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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 Effective Tax Rate by quarter

Trends, Rankings, Statistics



WNEB Effective Tax Rate (Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Pre-Tax Income Change -3.46 % -4.38 % -8.04 % 27.98 % 214.48 %
Seq. Pre-Tax Income Change 6.22 % 5.49 % -14.61 % 0.9 % 5.21 %
Pre-Tax Income In Millions $7.86 $7.40 $7.02 $8.22 $8.14
Effective Tax Rate 23.68 % 25.2 % 24.18 % 24.28 % 25.87 %
Effective Tax Rate Total Ranking # 1246 # 1632 # 1380 # 1578 # 1677
Income taxes expenses / -benefit In Millions $1.86 $1.87 $1.70 $2.00 $2.11
Y / Y Income taxes expenses / -benefit Change -11.63 % -10.64 % -7.68 % 41.89 % 331.56 %
Seq. Income taxes expenses / -benefit Change -0.21 % 9.96 % -14.99 % -5.27 % 0.91 %


Commenting Third Quarter 2022 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to previous quarter to 23.68 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within S&Ls Savings Banks industry 21 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 1246, from total ranking in previous quarter at 1632.

WNEB's Effective Tax Rate third quarter 2022 Company Ranking
Within: No.
S&Ls Savings Banks Industry # 22
Financial Sector # 459
Overall # 1246

WNEB's Effective Tax Rate Statistics
High Average Low
106.47 % 26.54 % 2.8 %
(Dec 31 2017)   (Mar 31 2017)




Other Effective Tax Rate Profitability Ratios
WNEB's Cumulative Effective Tax Rate
S&Ls Savings Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
WNEB's Effective Tax Rate Profitability versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for WNEB's Competitors
Effective Tax Rate Profit Margin for Western New England Bancorp Inc 's Suppliers
Effective Tax Rate Profit Margin for WNEB's Customers

You may also want to know
WNEB's Annual Growth Rates 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 Income taxes expenses / -benefit Growth
WNEB's Roa WNEB's Inventory Turnover Ratio WNEB's Growth Rates WNEB's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2022, within S&Ls Savings Banks Industry Effective Tax RateSep 30 2022 MRQ Income taxes expenses / -benefitSep 30 2022 MRQ Pre-Tax Income
Sterling Bancorp inc   38.69 %$ 0.742 $ 1.918 
Axos Financial Inc   29.50 %$ 24.439 $ 82.846 
Hmn Financial Inc  29.36 %$ 0.761 $ 2.592 
Provident Financial Holdings inc   29.32 %$ 0.867 $ 2.957 
Bcb Bancorp Inc   29.31 %$ 5.552 $ 18.944 
Northfield Bancorp Inc   28.43 %$ 6.745 $ 23.724 
Broadway Financial Corporation  28.40 %$ 0.534 $ 1.880 
Provident Financial Services Inc   27.73 %$ 16.657 $ 60.078 
If Bancorp Inc   27.32 %$ 0.740 $ 2.709 
Territorial Bancorp Inc   26.53 %$ 1.405 $ 5.296 
Columbia Financial Inc   25.18 %$ 7.041 $ 27.960 
Bankunited inc   24.97 %$ 29.233 $ 117.083 
First Northern Community Bancorp  24.79 %$ 1.506 $ 6.074 
Ffbw Inc   24.78 %$ 0.168 $ 0.678 
Bankfinancial Corp  24.35 %$ 1.037 $ 4.258 
Citizens Community Bancorp Inc   24.33 %$ 1.284 $ 5.277 
Eastern Bankshares Inc   24.14 %$ 17.435 $ 72.212 
Kearny Financial Corp   24.12 %$ 5.255 $ 21.790 
Oceanfirst Financial Corp  24.07 %$ 12.298 $ 51.102 
Kentucky First Federal Bancorp  23.72 %$ 0.116 $ 0.489 
Western New England Bancorp Inc   23.68 %$ 1.861 $ 7.860 
Tc Bancshares Inc   23.19 %$ 0.212 $ 0.915 
Riverview Bancorp Inc  23.18 %$ 1.567 $ 6.761 
Northrim Bancorp Inc   22.41 %$ 2.925 $ 13.050 
Hometrust Bancshares Inc   22.32 %$ 2.643 $ 11.842 
Codorus Valley Bancorp Inc   22.30 %$ 2.053 $ 9.207 
Waterstone Financial Inc   22.23 %$ 1.506 $ 6.776 
Cincinnati Bancorp Inc   21.61 %$ 0.239 $ 1.107 
Capitol Federal Financial Inc   21.48 %$ 5.332 $ 24.824 
First Guaranty Bancshares Inc   20.82 %$ 2.117 $ 10.170 


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