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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 (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 Pre-Tax Income Change -70.71 % -29.73 % -53.15 % -0.57 % 50.38 %
Seq. Pre-Tax Income Change -34.47 % 59.3 % -50.29 % -43.54 % 57.18 %
Pre-Tax Income In Millions $3.62 $5.52 $3.47 $6.98 $12.35
Effective Tax Rate 30.62 % 18.7 % 20.31 % 23.96 % 26.87 %
Effective Tax Rate Total Ranking # 1158 # 681 # 771 # 1288 # 1740
Income taxes expenses / -benefit In Millions $1.11 $1.03 $0.70 $1.67 $3.32
Y / Y Income taxes expenses / -benefit Change -66.63 % -44.49 % -62.25 % -1.47 % 66.42 %
Seq. Income taxes expenses / -benefit Change 7.26 % 46.73 % -57.87 % -49.67 % 78.4 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter increased compare to previous quarter to 30.62 %, above company's average Effective Tax Rate.

Looking into IV. Quarter results within S&Ls Savings Banks industry 17 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 681 to 1158.

WNEB's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
S&Ls Savings Banks Industry # 18
Financial Sector # 295
Overall # 1157

WNEB's Effective Tax Rate Statistics
High Average Low
106.47 % 26.28 % 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 Dec 31 2023, within S&Ls Savings Banks Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Provident Financial Services Inc   31.32 %$ 12.454 $ 39.766 
Western New England Bancorp Inc   30.62 %$ 1.108 $ 3.619 
Axos Financial Inc   30.19 %$ 65.625 $ 217.396 
Bcb Bancorp Inc   29.96 %$ 2.593 $ 8.655 
Magyar Bancorp Inc   29.76 %$ 0.700 $ 2.352 
Provident Financial Holdings inc   29.22 %$ 0.884 $ 3.025 
First Northern Community Bancorp  28.39 %$ 2.748 $ 9.681 
Sterling Bancorp inc   26.03 %$ 1.782 $ 6.845 
Hmn Financial Inc  22.35 %$ 0.418 $ 1.870 
Codorus Valley Bancorp Inc   20.83 %$ 1.435 $ 6.888 
Tfs Financial Corporation  20.75 %$ 5.423 $ 26.130 
Northrim Bancorp Inc   20.69 %$ 1.725 $ 8.338 
Riverview Bancorp Inc   20.61 %$ 0.377 $ 1.829 
If Bancorp Inc   20.26 %$ 0.047 $ 0.232 
Brookline Bancorp inc  19.87 %$ 5.675 $ 28.563 
First Guaranty Bancshares Inc   19.47 %$ 0.315 $ 1.618 
Hsbc Holdings Plc  19.08 %$ 5,789.000 $ 30,348.000 
Territorial Bancorp Inc   15.44 %$ 0.061 $ 0.395 
Bankunited inc   13.95 %$ 3.374 $ 24.186 




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