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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 Revenue Growth by Quarter and Year

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




WNEB Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 18.40 26.36 22.14 20.76
III Quarter September 19.64 22.20 22.16 15.44
II Quarter June 18.02 21.83 21.41 14.73
I Quarter March 21.87 21.47 20.96 14.98
FY   77.93 91.86 86.67 65.91



WNEB Revenue fourth quarter 2023 Y/Y Growth Comment
Western New England Bancorp Inc reported fall in Revenue in the fourth quarter 2023 by -30.18% to $ 18.40 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Western New England Bancorp Inc 's Revenue compares unfavorably to the Company's average Revenue rise of 20.76%.

Looking into fourth quarter 2023 results within S&Ls Savings Banks industry 3 other companies have achieved higher Revenue growth. While Western New England Bancorp Inc ' s Revenue drop of -30.18% ranks overall at the positon no. 997 in the fourth quarter 2023.




WNEB Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -30.18 % 19.06 % 6.65 % 27.13 %
III Quarter September -11.53 % 0.18 % 43.52 % -2.65 %
II Quarter June -17.45 % 1.96 % 45.35 % -10.02 %
I Quarter March 1.86 % 2.43 % 39.92 % -8.94 %
FY   -15.16 % 5.99 % 31.5 % 1.38 %

Financial Statements
Western New England Bancorp Inc 's fourth quarter 2023 Revenue $ 18.40 millions WNEB's Income Statement
Western New England Bancorp Inc 's fourth quarter 2022 Revenue $ 26.36 millions Quarterly WNEB's Income Statement
New: More WNEB's historic Revenue Growth >>


WNEB Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -6.29 % 18.74 % -0.09 % 34.46 %
III Quarter September 8.99 % 1.69 % 3.5 % 4.82 %
II Quarter June -17.6 % 1.68 % 2.15 % -1.67 %
I Quarter March -17.03 % -3.03 % 0.96 % -8.27 %
FY (Year on Year)   -15.16 % 5.99 % 31.5 % 1.38 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #4
Financial Sector #211
Overall #997

Revenue Y/Y Growth Statistics
High Average Low
259.75 % 20.76 % -15.16 %
(Dec 31 2017)   (Dec 31 2023)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #4
Financial Sector #211
Overall #997
Revenue Y/Y Growth Statistics
High Average Low
259.75 % 20.76 % -15.16 %
(Dec 31 2017)   (Dec 31 2023)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Western New England Bancorp Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
34.42 % 0.62 % -17.62 %
(Dec 31 2020)  


WNEB's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Western New England Bancorp Inc reported decline in Revenue from the previous quarter by -6.29% to $ 18.40 millions, from $ 19.64 millions declared in the previous reporting period.

Even seasonal factors which commonly energize IV. Quarter 2023 performance, it clearly was not enough to salvage WNEB's IV. Quarter performance, Gabriella Hill, S&Ls Savings Banks industry researcher wrote.

Within S&Ls Savings Banks industry 11 other companies have achieved higher Revenue quarter on quarter growth. While Western New England Bancorp Inc 's Revenue growth quarter on quarter, overall rank is 1600.


Revenue Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #12
Financial Sector #338
Overall #1600
Revenue Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #12
Financial Sector #338
Overall #1600
Revenue Q/Q Growth Statistics
High Average Low
34.42 % 0.62 % -17.62 %
(Dec 31 2020)  


WNEB's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Western New England Bancorp Inc realized decline in Revenue from the previous quarter by -6.29% to $ 18.40 millions, from $ 19.64 millions released in the previous quarter.

Even cyclical factors which normally elevate IV. Quarter 2023 Revenue, it simply was not substantial to recover WNEB's IV. Quarter outcome, Gabriella Hill, S&Ls Savings Banks industry researcher pointed out and continued that average sequential Revenue growth is at 0.62% for Western New England Bancorp Inc .

Within S&Ls Savings Banks industry 11 other companies have achieved higher Revenue quarter on quarter growth. While Western New England Bancorp Inc 's Revenue growth quarter on quarter, overall rank is 1600.


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


Revenue 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 Revenue 12 Months Ending $ 77.93 $ 85.89 $ 88.45 $ 92.26 $ 91.86
Y / Y Revenue Growth (TTM) -15.16 % -2.01 % 0.97 % 5.83 % 6 %
Year on Year Revenue Growth Overall Ranking # 920 # 1750 # 1101 # 444 # 372
Seqeuential Revenue Change (TTM) -9.26 % -2.9 % -4.13 % 0.44 % 4.81 %
Seq. Revenue Growth (TTM) Overall Ranking # 997 # 2073 # 2433 # 1243 # 1364




Cumulative Revenue growth Comment
Western New England Bancorp Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -15.16% year on year, at Dec 31 2023 compare to the -2.01% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $78 millions.

In the Financial sector 193 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 920, from total ranking in previous quarter at 1750.

Revenue TTM Q/Q Growth Statistics
High Average Low
259.75 %
20.76 %
-15.16 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 4
Financial Sector # 194
Overall # 920

Revenue TTM Y/Y Growth Statistics
High Average Low
259.75 %
20.76 %
-15.16 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 211
S&P 500 # 997
Cumulative Revenue growth Comment
Western New England Bancorp Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -15.16% year on year, at Dec 31 2023 compare to the -2.01% decrease at Sep 30 2023. If the Western New England Bancorp Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $78 millions.

In the Financial sector 193 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 920, from total ranking in previous quarter at 1750.

Revenue TTM Q/Q Growth Statistics
High Average Low
259.75 %
20.76 %
-15.16 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 4
Financial Sector # 194
Overall # 920

Revenue TTM Y/Y Growth Statistics
High Average Low
259.75 %
20.76 %
-15.16 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 211
S&P 500 # 997




Other Revenue Growth
S&Ls Savings Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
WNEB's Revenue Growth Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for WNEB's Competitors
Revenue Growth for Western New England Bancorp Inc 's Suppliers
Revenue 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 Revenue fall for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Ameris Bancorp-0.08%$ -0.083 millions
Hilltop Holdings Inc -0.22%$ -0.224 millions
South State Corp-0.59%$ -0.589 millions
Hamilton Lane Inc-0.59%$ -0.590 millions
Citizens Inc -0.61%$ -0.607 millions
Pra Group Inc -0.64%$ -0.643 millions
City Office Reit Inc -0.65%$ -0.655 millions
Unity Bancorp inc -0.70%$ -0.695 millions
Codorus Valley Bancorp Inc -0.70%$ -0.702 millions
Capital Bancorp Inc-0.75%$ -0.747 millions
Sabra Health Care Reit Inc -0.96%$ -0.963 millions
Alpine Income Property Trust inc -0.99%$ -0.992 millions
Fifth Third Bancorp-1.22%$ -1.221 millions
City Holding Company-1.25%$ -1.254 millions
C and F Financial Corporation-1.29%$ -1.293 millions
Baycom Corp-1.36%$ -1.362 millions
Gladstone Land Corp-1.37%$ -1.367 millions
Sba Communications Corporation-1.61%$ -1.613 millions
Independent Bank Corporation-1.69%$ -1.687 millions
Barclays Bank Plc-1.93%$ -1.934 millions
Red River Bancshares Inc -2.09%$ -2.095 millions
Jbg Smith Properties-2.10%$ -2.097 millions
Sumitomo Mitsui Financial Group Inc -2.10%$ -2.102 millions
Franklin Financial Services Corporation-2.12%$ -2.118 millions
Healthcare Realty Trust Incorporated-2.25%$ -2.254 millions
Cnb Financial Corp-2.29%$ -2.287 millions
Brightspire Capital Inc -2.32%$ -2.324 millions
Service Properties Trust-2.45%$ -2.454 millions
Highlands Reit Inc -2.50%$ -2.501 millions
Mgic Investment Corp-2.84%$ -2.839 millions




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