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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 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 6.22 5.01 3.44
III Quarter September 6.00 6.04 2.10 3.23
II Quarter June 5.54 5.65 2.02 3.26
I Quarter March 5.32 5.79 2.08 3.43
FY   16.86 23.70 11.21 13.36



WNEB Net Income third quarter 2022 Y/Y Growth Comment
Western New England Bancorp Inc reported decrease in Net Income in the third quarter 2022 by -0.68% to $ 6.00 millions, from the same quarter in 2021.
The decrease in the third quarter 2022 Western New England Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income growth of 5.92%.

Looking into third quarter 2022 results within S&Ls Savings Banks industry 28 other companies have achieved higher Net Income growth. While Western New England Bancorp Inc ' s Net Income decline of -0.68% ranks overall at the positon no. 1315 in the third quarter 2022.




WNEB Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 24.15 % 45.64 % -10.42 %
III Quarter September -0.68 % 187.62 % -34.98 % -17.39 %
II Quarter June -1.95 % 179.7 % -38.04 % -36.58 %
I Quarter March -8.12 % 178.37 % -39.36 % -2.56 %
FY   - 111.42 % -16.09 % -18.59 %

Financial Statements
Western New England Bancorp Inc 's third quarter 2022 Net Income $ 6.00 millions WNEB's Income Statement
Western New England Bancorp Inc 's third quarter 2021 Net Income $ 6.04 millions Quarterly WNEB's Income Statement
New: More WNEB's historic Net Income Growth >>


WNEB Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 2.98 % 138.57 % 6.5 %
III Quarter September 8.29 % 6.9 % 3.96 % -0.92 %
II Quarter June 4.14 % -2.42 % -2.88 % -4.96 %
I Quarter March -14.47 % 15.57 % -39.53 % -10.68 %
FY (Year on Year)   - 111.42 % -16.09 % -18.59 %




Net Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #29
Financial Sector #414
Overall #1315

Net Income Y/Y Growth Statistics
High Average Low
51.36 % 5.92 % -15.38 %
(Jun 30 2018)   (June 30. 2016)
Net Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #29
Financial Sector #414
Overall #1315
Net Income Y/Y Growth Statistics
High Average Low
51.36 % 5.92 % -15.38 %
(Jun 30 2018)   (June 30. 2016)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

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


Net Income Q/Q Growth Statistics
High Average Low
138.6 % 3.6 % -80.19 %
(Dec 31 2020)  


WNEB's III. Quarter Q/Q Net Income Comment
Western New England Bancorp Inc achieved in the III. Quarter 2022 above company average sequential Net Income increase of 8.29%, to $ 6.00 millions, from $5.54 millions in the second quarter.
S&Ls Savings Banks company is undergoing a remarkable growth, with reporting higher then normal increase, but also increasing rate, Danielle Wilson, market insider mentioned.

Within S&Ls Savings Banks industry 21 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 936.


Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #22
Financial Sector #362
Overall #936
Net Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #22
Financial Sector #362
Overall #936
Net Income Q/Q Growth Statistics
High Average Low
138.6 % 3.6 % -80.19 %
(Dec 31 2020)  


WNEB's III. Quarter Q/Q Net Income Comment
Western New England Bancorp Inc achieved in the III. Quarter 2022 above company average sequential Net Income increase of 8.29%, to $ 6.00 millions, from $5.54 millions in the second quarter.
S&Ls Savings Banks company is undergoing a remarkable growth, not just reporting higher then normal gain, and additionally increasing rate.

Within S&Ls Savings Banks industry 21 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 936.


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


Net Income TTM Growth

12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
Cumulative Net Income 12 Months Ending $ 23.07 $ 23.11 $ 23.23 $ 23.70 $ 22.49
Y / Y Net Income Growth (TTM) 2.58 % 24.54 % 55.61 % 111.32 % 133.34 %
Year on Year Net Income Growth Overall Ranking # 975 # 806 # 385 # 427 # 376
Seqeuential Net Income Change (TTM) -0.16 % -0.5 % -1.99 % 5.37 % 21.2 %
Seq. Net Income Growth (TTM) Overall Ranking # 1315 # 1390 # 889 # 927 # 595




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Sep 30 2022 period, Western New England Bancorp Inc 's cumulative twelve months Net Income were $ 23 millions, company would post below average annual Net Income growth of 21.2% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Western New England Bancorp Inc 's Net Income growth from the 5.54% growth in Jun 30 2022.

In the Financial sector 240 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 806 to 975.

Net Income TTM Q/Q Growth Statistics
High Average Low
51.36 %
5.92 %
-15.38 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 29
Financial Sector # 241
Overall # 975

Net Income TTM Y/Y Growth Statistics
High Average Low
205.78 %
32.56 %
-29.92 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 414
S&P 500 # 1315
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Sep 30 2022 period, Western New England Bancorp Inc 's cumulative twelve months Net Income were $ 23 millions, company would post below average annual Net Income growth of -29.92% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Western New England Bancorp Inc 's Net Income growth from the 5.54% growth in Jun 30 2022.

In the Financial sector 240 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 806 to 975.

Net Income TTM Q/Q Growth Statistics
High Average Low
51.36 %
5.92 %
-15.38 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 29
Financial Sector # 241
Overall # 975

Net Income TTM Y/Y Growth Statistics
High Average Low
205.78 %
32.56 %
-29.92 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 414
S&P 500 # 1315




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 increase for the quarter ending Sep 30 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2022
Tompkins Financial Corp-0.01%$ -0.014 millions
Parke Bancorp Inc -0.03%$ -0.028 millions
Enova International Inc -0.19%$ -0.195 millions
Northern Trust Corporation-0.23%$ -0.227 millions
Qnb Corp -0.26%$ -0.263 millions
Columbia Financial Inc -0.30%$ -0.300 millions
First Commonwealth Financial Corp-0.36%$ -0.364 millions
Pjt Partners Inc -0.37%$ -0.367 millions
Washington Trust Bancorp Inc-0.44%$ -0.443 millions
Univest Financial Corporation-0.53%$ -0.526 millions
First Ban corp -0.54%$ -0.541 millions
Mason Industrial Technology Inc -0.58%$ -0.578 millions
Premier Financial Corp -0.58%$ -0.582 millions
Western New England Bancorp Inc -0.61%$ -0.613 millions
Capital Bancorp Inc-0.73%$ -0.734 millions
Simmons First National Corp-0.96%$ -0.960 millions
Science Strategic Acquisition Corp Alpha-0.96%$ -0.963 millions
Fortress Capital Acquisition Corp -1.02%$ -1.021 millions
Globe Life Inc -1.11%$ -1.108 millions
Uwm Holdings Corporation-1.29%$ -1.288 millions
Sound Financial Bancorp Inc -1.77%$ -1.775 millions
Creditriskmonitor com Inc -1.89%$ -1.893 millions
Victory Capital Holdings Inc -1.90%$ -1.902 millions
Capital City Bank Group Inc -2.10%$ -2.096 millions
First Mid Bancshares Inc -2.11%$ -2.112 millions
Mission Advancement Corp -2.30%$ -2.300 millions
Community Bancorp-2.40%$ -2.398 millions
Camden National Corp-2.55%$ -2.548 millions
Apollo Strategic Growth Capital Ii-2.58%$ -2.584 millions
Republic Bancorp inc -2.63%$ -2.629 millions


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