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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 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 3.62 12.35 8.22 6.42
III Quarter September 5.52 7.86 8.14 2.59
II Quarter June 3.47 7.40 7.74 2.48
I Quarter March 6.98 7.02 7.63 2.66
FY   19.59 34.63 31.73 14.15



WNEB Operating Income fourth quarter 2023 Y/Y Growth Comment
Western New England Bancorp Inc reported drop in Operating Income in the fourth quarter 2023 by -70.7% to $ 3.62 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Western New England Bancorp Inc 's Operating Income compares unfavorably to the Company's average Operating Income rise of 28.66%.

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 Operating Income results in the fourth quarter 2023. While Western New England Bancorp Inc ' s Operating Income meltdown of -70.7% ranks overall at the positon no. 535 in the fourth quarter 2023.

Explain Operating Income growth


WNEB Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -70.7 % 50.24 % 28.04 % 44.92 %
III Quarter September -29.77 % -3.44 % 214.29 % -37.14 %
II Quarter June -53.11 % -4.39 % 212.1 % -41.37 %
I Quarter March -0.57 % -7.99 % 186.84 % -39.82 %
FY   -43.43 % 9.14 % 124.24 % -17.73 %

Financial Statements
Western New England Bancorp Inc 's fourth quarter 2023 Operating Income $ 3.62 millions WNEB's Income Statement
Western New England Bancorp Inc 's fourth quarter 2022 Operating Income $ 12.35 millions Quarterly WNEB's Income Statement
New: More WNEB's historic Operating Income Growth >>


WNEB Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -34.44 % 57.12 % 0.98 % 147.88 %
III Quarter September 59.08 % 6.22 % 5.17 % 4.44 %
II Quarter June -50.29 % 5.41 % 1.44 % -6.77 %
I Quarter March -43.48 % -14.6 % 18.85 % -39.95 %
FY (Year on Year)   -43.43 % 9.14 % 124.24 % -17.73 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #2
Financial Sector #129
Overall #535

Operating Income Y/Y Growth Statistics
High Average Low
257.62 % 28.66 % -43.45 %
(Mar 31 2018)   (Dec 31 2023)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #2
Financial Sector #129
Overall #535
Operating Income Y/Y Growth Statistics
High Average Low
257.62 % 28.66 % -43.45 %
(Mar 31 2018)   (Dec 31 2023)

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

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


Operating Income Q/Q Growth Statistics
High Average Low
202 % 6.52 % -100 %
(Dec 31 2014)  


WNEB's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Western New England Bancorp Inc reported fall in Operating Income from the third quarter by -34.44% to $ 3.62 millions, from $ 5.52 millions released in the previous reporting period.

Although periodic factors normally energize IV. Quarter 2023 Operating Income, it plainly was not sufficient to salvage S&Ls Savings Banks's company IV. Quarter achievement, Caden G. Wolfe, a business veteran said and continued that average quarter on quarter Operating Income growth is at 6.52% for Western New England Bancorp Inc .

Within S&Ls Savings Banks industry 6 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 1127.


Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #7
Financial Sector #278
Overall #1127
Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #7
Financial Sector #278
Overall #1127
Operating Income Q/Q Growth Statistics
High Average Low
202 % 6.52 % -100 %
(Dec 31 2014)  


WNEB's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Western New England Bancorp Inc realized fall in Operating Income from the previous quarter by -34.44% to $ 3.62 millions, from $ 5.52 millions achived in the previous quarter.

Those periodic influence which normally elevate IV. Quarter 2023 results, could not rescue the IV. Quarter for the Western New England Bancorp Inc , Caden G. Wolfe, a business veteran wrote, he detected further difficulties down the road for Western New England Bancorp Inc .

Within S&Ls Savings Banks industry 6 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 1127.


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


Operating 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 Operating Income 12 Months Ending $ 19.58 $ 28.32 $ 30.66 $ 34.59 $ 34.63
Y / Y Operating Income Growth (TTM) -43.45 % -7.12 % -0.38 % 11.18 % 9.16 %
Year on Year Operating Income Growth Overall Ranking # 610 # 927 # 554 # 203 # 119
Seqeuential Operating Income Change (TTM) -30.85 % -7.62 % -11.37 % -0.12 % 13.57 %
Seq. Operating Income Growth (TTM) Overall Ranking # 535 # 975 # 1041 # 757 # 596




Cumulative Operating Income growth Comment
Western New England Bancorp Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.45% year on year, at Dec 31 2023 compare to the -7.12% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $20 millions.

In the Financial sector 144 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 610, from total ranking in previous quarter at 927.

Operating Income TTM Q/Q Growth Statistics
High Average Low
257.62 %
28.66 %
-43.45 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 2
Financial Sector # 145
Overall # 610

Operating Income TTM Y/Y Growth Statistics
High Average Low
257.62 %
28.66 %
-43.45 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 129
S&P 500 # 535
Cumulative Operating Income growth Comment
Western New England Bancorp Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.45% year on year, at Dec 31 2023 compare to the -7.12% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Operating Income would be $20 millions.

In the Financial sector 144 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 610, from total ranking in previous quarter at 927.

Operating Income TTM Q/Q Growth Statistics
High Average Low
257.62 %
28.66 %
-43.45 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 2
Financial Sector # 145
Overall # 610

Operating Income TTM Y/Y Growth Statistics
High Average Low
257.62 %
28.66 %
-43.45 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 129
S&P 500 # 535




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 drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Reinsurance Group Of America Incorporated-1.75%$ -1.753 millions
Hamilton Lane Inc-2.09%$ -2.087 millions
Ohio Valley Banc Corp-3.34%$ -3.342 millions
Independent Bank Corporation-3.45%$ -3.454 millions
Cohen and Steers Inc -3.60%$ -3.595 millions
Pathward Financial Inc -3.90%$ -3.903 millions
Crown Castle Inc-3.92%$ -3.922 millions
Cno Financial Group Inc -4.22%$ -4.215 millions
Unity Bancorp inc -4.31%$ -4.305 millions
Intercontinental Exchange Inc -4.71%$ -4.707 millions
Progressive Corp-5.90%$ -5.899 millions
Barclays Plc-6.49%$ -6.489 millions
Republic Bancorp inc -6.62%$ -6.619 millions
Onemain Holdings Inc -6.75%$ -6.751 millions
Chemung Financial Corp-6.76%$ -6.761 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Federal Home Loan Bank Of Boston-7.05%$ -7.049 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
Franklin Financial Services Corporation-7.37%$ -7.368 millions
S and t Bancorp Inc -8.41%$ -8.410 millions
Kilroy Realty Corporation-8.67%$ -8.667 millions
Safety Insurance Group Inc -8.76%$ -8.758 millions
Avalonbay Communities inc -8.79%$ -8.789 millions
City Holding Company-9.08%$ -9.076 millions
Us Bancorp De-9.17%$ -9.173 millions
Magyar Bancorp Inc -9.19%$ -9.189 millions
Provident Financial Holdings inc -9.76%$ -9.755 millions
Invesco Ltd -9.86%$ -9.855 millions
First Financial Ban corp -10.15%$ -10.154 millions




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