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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
 

WNEB's Net Income Growth by Quarter and Year

Western New England Bancorp Inc 's Net Income results by quarter and year




WNEB Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 2.51 9.03 6.22 5.01
III Quarter September 4.49 6.00 6.04 2.10
II Quarter June 2.76 5.54 5.65 2.02
I Quarter March 5.30 5.32 5.79 2.08
FY   15.06 25.89 23.70 11.21



WNEB Net Income fourth quarter 2023 Y/Y Growth Comment
Western New England Bancorp Inc reported drop in Net Income in the fourth quarter 2023 by -72.19% to $ 2.51 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Western New England Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income rise of 26.86%.

Among companies who have reported fourth quarter 2023 results in the S&Ls Savings Banks industry only one Company has achieved higher year on year Net Income results in the fourth quarter 2023. While Western New England Bancorp Inc ' s Net Income meltdown of -72.19% ranks overall at the positon no. 526 in the fourth quarter 2023.




WNEB Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -72.19 % 45.18 % 24.15 % 45.64 %
III Quarter September -25.17 % -0.66 % 187.62 % -34.98 %
II Quarter June -50.18 % -1.95 % 179.7 % -38.04 %
I Quarter March -0.38 % -8.12 % 178.37 % -39.36 %
FY   -41.83 % 9.24 % 111.42 % -16.09 %

Financial Statements
Western New England Bancorp Inc 's fourth quarter 2023 Net Income $ 2.51 millions WNEB's Income Statement
Western New England Bancorp Inc 's fourth quarter 2022 Net Income $ 9.03 millions Quarterly WNEB's Income Statement
New: More WNEB's historic Net Income Growth >>


WNEB Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -44.08 % 50.5 % 2.98 % 138.57 %
III Quarter September 62.68 % 8.3 % 6.9 % 3.96 %
II Quarter June -47.92 % 4.14 % -2.42 % -2.88 %
I Quarter March -41.31 % -14.47 % 15.57 % -39.53 %
FY (Year on Year)   -41.83 % 9.24 % 111.42 % -16.09 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #2
Financial Sector #104
Overall #526

Net Income Y/Y Growth Statistics
High Average Low
423.59 % 26.86 % -41.79 %
(Dec 31 2017)   (Dec 31 2023)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #2
Financial Sector #104
Overall #526
Net Income Y/Y Growth Statistics
High Average Low
423.59 % 26.86 % -41.79 %
(Dec 31 2017)   (Dec 31 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Western New England Bancorp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
138.6 % 2.67 % -80.19 %
(Dec 31 2020)  


WNEB's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Western New England Bancorp Inc reported fall in Net Income from the third quarter by -44.08% to $ 2.51 millions, from $ 4.49 millions released in the previous quarter.

Even seasonal factors which usually fuel IV. Quarter 2023 performance, were not able to recover the IV. Quarter for the Western New England Bancorp Inc , Tommaso Agnelli, a business veteran wrote.

Within S&Ls Savings Banks industry 11 other companies have achieved higher Net Income quarter on quarter growth. While Western New England Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 1098.


Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #12
Financial Sector #271
Overall #1098
Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #12
Financial Sector #271
Overall #1098
Net Income Q/Q Growth Statistics
High Average Low
138.6 % 2.67 % -80.19 %
(Dec 31 2020)  


WNEB's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Western New England Bancorp Inc reported fall in Net Income sequentially by -44.08% to $ 2.51 millions, from $ 4.49 millions declared a quarter before.

Some seasonal circumstance that normally energize IV. Quarter 2023 results, have not rescue the IV. Quarter for the Western New England Bancorp Inc , Tommaso Agnelli, a business veteran pointed out, he detected additional challenges onward for Western New England Bancorp Inc and wrote that average quarter on quarter Net Income growth is at 2.67% for Western New England Bancorp Inc .

Within S&Ls Savings Banks industry 11 other companies have achieved higher Net Income quarter on quarter growth. While Western New England Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 1098.


Western New England Bancorp Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 15.07 $ 21.59 $ 23.10 $ 25.87 $ 25.89
Y / Y Net Income Growth (TTM) -41.79 % -6.42 % -0.04 % 11.39 % 9.23 %
Year on Year Net Income Growth Overall Ranking # 565 # 955 # 371 # 445 # 215
Seqeuential Net Income Change (TTM) -30.21 % -6.53 % -10.71 % -0.06 % 12.2 %
Seq. Net Income Growth (TTM) Overall Ranking # 526 # 1010 # 643 # 871 # 855




Cumulative Net Income growth Comment
Western New England Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -41.79% year on year, at Dec 31 2023 compare to the -6.42% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $15 millions.

In the Financial sector 114 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 565, from total ranking in previous quarter at 955.

Net Income TTM Q/Q Growth Statistics
High Average Low
423.59 %
26.86 %
-41.79 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 2
Financial Sector # 115
Overall # 565

Net Income TTM Y/Y Growth Statistics
High Average Low
423.59 %
26.86 %
-41.79 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 104
S&P 500 # 526
Cumulative Net Income growth Comment
Western New England Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -41.79% year on year, at Dec 31 2023 compare to the -6.42% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $15 millions.

In the Financial sector 114 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 565, from total ranking in previous quarter at 955.

Net Income TTM Q/Q Growth Statistics
High Average Low
423.59 %
26.86 %
-41.79 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 2
Financial Sector # 115
Overall # 565

Net Income TTM Y/Y Growth Statistics
High Average Low
423.59 %
26.86 %
-41.79 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 104
S&P 500 # 526




Other Net Income Growth
S&Ls Savings Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
WNEB's Net Income Growth Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for WNEB's Competitors
Net Income Growth for Western New England Bancorp Inc 's Suppliers
Net Income Growth 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 Dividend Payout Ratio
WNEB's Roa WNEB's Inventory Turnover Ratio WNEB's Growth Rates WNEB's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Shinhan Financial Group Co Ltd -5.37%$ -5.371 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Icc Holdings Inc -7.04%$ -7.041 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Cf Bankshares Inc -9.33%$ -9.334 millions




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