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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 Operating Income Growth by Quarter and Year

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




WNEB Operating Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 8.22 6.42 4.43
III Quarter September 7.86 8.14 2.59 4.12
II Quarter June 7.40 7.74 2.48 4.23
I Quarter March 7.02 7.63 2.66 4.42
FY   22.28 31.73 14.15 17.20



WNEB Operating Income third quarter 2022 Y/Y Growth Comment
Western New England Bancorp Inc reported decrease in Operating Income in the third quarter 2022 by -3.44% to $ 7.86 millions, from the same quarter in 2021.
The decrease in the third quarter 2022 Western New England Bancorp Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 3.37%.

Looking into third quarter 2022 results within S&Ls Savings Banks industry 10 other companies have achieved higher Operating Income growth. While Western New England Bancorp Inc ' s Operating Income decline of -3.44% ranks overall at the positon no. 1045 in the third quarter 2022.

Explain Operating Income growth


WNEB Operating Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 28.04 % 44.92 % -12.62 %
III Quarter September -3.44 % 214.29 % -37.14 % -17.27 %
II Quarter June -4.39 % 212.1 % -41.37 % -34.92 %
I Quarter March -7.99 % 186.84 % -39.82 % -3.07 %
FY   - 124.24 % -17.73 % -18.52 %

Financial Statements
Western New England Bancorp Inc 's third quarter 2022 Operating Income $ 7.86 millions WNEB's Income Statement
Western New England Bancorp Inc 's third quarter 2021 Operating Income $ 8.14 millions Quarterly WNEB's Income Statement
New: More WNEB's historic Operating Income Growth >>


WNEB Operating Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 0.98 % 147.88 % 7.52 %
III Quarter September 6.22 % 5.17 % 4.44 % -2.6 %
II Quarter June 5.41 % 1.44 % -6.77 % -4.3 %
I Quarter March -14.6 % 18.85 % -39.95 % -12.82 %
FY (Year on Year)   - 124.24 % -17.73 % -18.52 %




Operating Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #11
Financial Sector #265
Overall #1045

Operating Income Y/Y Growth Statistics
High Average Low
35.07 % 3.37 % -34.41 %
(Mar 31 2021)   (Dec. 30, 2015)
Operating Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #11
Financial Sector #265
Overall #1045
Operating Income Y/Y Growth Statistics
High Average Low
35.07 % 3.37 % -34.41 %
(Mar 31 2021)   (Dec. 30, 2015)

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

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


Operating Income Q/Q Growth Statistics
High Average Low
202 % 8.06 % -100 %
(Dec 31 2014)  


WNEB's III. Quarter Q/Q Operating Income Comment
Western New England Bancorp Inc achieved in the III. Quarter 2022 below company average Operating Income increase of 6.22% quarter on quarter, to $ 7.86 millions.

III. Quarter 2022 results were paradoxical, albeit lower than the average, yet it shows a quite improvement measured to the 5.17% in the III. Quarter a year ago Samuele Ferrari, Financial sector insider said.

Within S&Ls Savings Banks industry 9 other companies have achieved higher Operating Income quarter on quarter growth. While Western New England Bancorp Inc 's Operating Income growth quarter on quarter, overall rank is 663.


Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #10
Financial Sector #199
Overall #663
Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #10
Financial Sector #199
Overall #663
Operating Income Q/Q Growth Statistics
High Average Low
202 % 8.06 % -100 %
(Dec 31 2014)  


WNEB's III. Quarter Q/Q Operating Income Comment
Western New England Bancorp Inc achieved in the III. Quarter 2022 below company average Operating Income increase of 6.22% quarter on quarter, to $ 7.86 millions.

III. Quarter 2022 WNEB's Operating Income quarter on quarter growth seem to be contradictory, albeit lower than the regular, yet it demonstrates a quite improvement relative to the 5.17% in the III. Quarter 2021 Samuele Ferrari, Financial sector insider said.

Within S&Ls Savings Banks industry 9 other companies have achieved higher Operating Income quarter on quarter growth. While Western New England Bancorp Inc 's Operating Income growth quarter on quarter, overall rank is 663.


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


Operating 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 Operating Income 12 Months Ending $ 30.49 $ 30.77 $ 31.11 $ 31.72 $ 29.93
Y / Y Operating Income Growth (TTM) 1.88 % 26.24 % 62.71 % 124.1 % 146.08 %
Year on Year Operating Income Growth Overall Ranking # 880 # 875 # 517 # 356 # 354
Seqeuential Operating Income Change (TTM) -0.92 % -1.09 % -1.93 % 6 % 22.78 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1045 # 1530 # 1422 # 934 # 400




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Sep 30 2022 period, Western New England Bancorp Inc 's cumulative twelve months Operating Income were $ 30 millions, company would post below average annual Operating Income growth of 22.78% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Western New England Bancorp Inc 's Operating Income growth from the 7.4% growth in Jun 30 2022.

In the Financial sector 194 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 875 to 880.

Operating Income TTM Q/Q Growth Statistics
High Average Low
35.07 %
3.37 %
-34.41 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 11
Financial Sector # 195
Overall # 880

Operating Income TTM Y/Y Growth Statistics
High Average Low
146.08 %
29.28 %
-31.83 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 265
S&P 500 # 1045
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Sep 30 2022 period, Western New England Bancorp Inc 's cumulative twelve months Operating Income were $ 30 millions, company would post below average annual Operating Income growth of -31.83% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Western New England Bancorp Inc 's Operating Income growth from the 7.4% growth in Jun 30 2022.

In the Financial sector 194 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 875 to 880.

Operating Income TTM Q/Q Growth Statistics
High Average Low
35.07 %
3.37 %
-34.41 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 11
Financial Sector # 195
Overall # 880

Operating Income TTM Y/Y Growth Statistics
High Average Low
146.08 %
29.28 %
-31.83 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 265
S&P 500 # 1045




Other Operating Income Growth
S&Ls Savings Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
WNEB's Operating Income Growth Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for WNEB's Competitors
Operating Income Growth for Western New England Bancorp Inc 's Suppliers
Operating 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 Operating Income increase for the quarter ending Sep 30 2022 within Financial SectorY/Y Change %Operating Income for the quarter ending Sep 30 2022
First Commonwealth Financial Corp-0.20%$ -0.195 millions
Victory Capital Holdings Inc -0.36%$ -0.361 millions
Washington Trust Bancorp Inc-0.38%$ -0.382 millions
Patrick Industries Inc -0.55%$ -0.549 millions
Choiceone Financial Services Inc -0.62%$ -0.622 millions
Affiliated Managers Group inc -0.64%$ -0.640 millions
Univest Financial Corporation-0.71%$ -0.714 millions
Mason Industrial Technology Inc -1.13%$ -1.133 millions
Capital City Bank Group Inc -1.32%$ -1.320 millions
Sound Financial Bancorp Inc -1.32%$ -1.321 millions
Qnb Corp -1.46%$ -1.460 millions
Home Federal Bancorp Inc Of Louisiana-1.47%$ -1.466 millions
Optimumbank Holdings Inc -1.53%$ -1.527 millions
Gentex Corporation-1.56%$ -1.558 millions
Lci Industries-1.63%$ -1.628 millions
Federated Hermes Inc -1.65%$ -1.648 millions
Cim Real Estate Finance Trust Inc -1.74%$ -1.738 millions
Simmons First National Corp-1.79%$ -1.794 millions
Bankguam Holding Company-2.39%$ -2.386 millions
Axos Financial Inc -2.43%$ -2.434 millions
Columbia Financial Inc -2.56%$ -2.558 millions
Cna Financial Corporation-2.57%$ -2.565 millions
Hope Bancorp Inc-2.63%$ -2.631 millions
Community Bancorp-2.68%$ -2.683 millions
First Western Financial Inc-2.73%$ -2.729 millions
First Northern Community Bancorp-2.83%$ -2.832 millions
Western New England Bancorp Inc -3.46%$ -3.464 millions
Fs Bancorp inc -3.49%$ -3.488 millions
Brookline Bancorp inc-3.65%$ -3.652 millions
Camden National Corp-3.92%$ -3.921 millions


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