Western New England Bancorp

Western New England Bancorp, Inc. is a holding company, which engages in the provision of financial services. It offers a range of investment advisory and wealth management services. Its loan portfolio includes commercial real estate, residential real estate, commercial and industrial, and consumer loans. The company was founded in 1853 and is headquartered in Westfield, MA.

Earnings data Q1 2024

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The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western New England Bancorp (WNEB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.42 per share a year ago.

Western New England Bancorp (WNEB) Lags Q4 Earnings Estimates

WESTFIELD, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and twelve months ended December 31, 2023. For the three months ended December 31, 2023, the Company reported net income of $2.5 million, or $0.12 per diluted share, compared to net income of $9.0 million, or $0.42 per diluted share, for the three months ended December 31, 2022. On a linked quarter basis, net income was $2.5 million, or $0.12 per diluted share, as compared to net income of $4.5 million, or $0.21 per diluted share, for the three months ended September 30, 2023. For the twelve months ended December 31, 2023, net income was $15.1 million, or $0.70 per diluted share, compared to net income of $25.9 million, or $1.18 per diluted share, for the twelve months ended December 31, 2022.

Western New England Bancorp, Inc. Reports Results for Three Months and Year Ended December 31, 2023 and Declares Quarterly Cash Dividend

Western New England Bancorp (WNEB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Western New England Bancorp (WNEB) Rating Upgrade to Buy

Western New England Bancorp (WNEB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Western New England Bancorp (WNEB) Upgraded to Buy: What Does It Mean for the Stock?

The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western New England Bancorp (WNEB) Reports Q3 Earnings: What Key Metrics Have to Say

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.28 per share a year ago.

Western New England Bancorp (WNEB) Q3 Earnings and Revenues Surpass Estimates

WESTFIELD, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2023. For the three months ended September 30, 2023, the Company reported net income of $4.5 million, or $0.21 per diluted share, compared to net income of $6.0 million, or $0.28 per diluted share, for the three months ended September 30, 2022. On a linked quarter basis, net income was $4.5 million, or $0.21 per diluted share, as compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. For the nine months ended September 30, 2023, net income was $12.6 million, or $0.58 per diluted share, compared to net income of $16.9 million, or $0.77 per diluted share, for the nine months ended September 30, 2022.

Western New England Bancorp, Inc. Reports Results for Three and Nine Months Ended September 30, 2023 and Declares Quarterly Cash Dividend

The headline numbers for Western New England Bancorp (WNEB) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Western New England Bancorp (WNEB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.25 per share a year ago.

Western New England Bancorp (WNEB) Q2 Earnings and Revenues Lag Estimates

WESTFIELD, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and six months ended June 30, 2023. For the three months ended June 30, 2023, the Company reported net income of $2.8 million, or $0.13 per diluted share, compared to net income of $5.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022. On a linked quarter basis, net income was $2.8 million, or $0.13 per diluted share, as compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023. For the six months ended June 30, 2023, net income was $8.1 million, or $0.37 per diluted share, compared to net income of $10.9 million, or $0.49 per diluted share, for the six months ended June 30, 2022.

Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2023 and Declares Quarterly Cash Dividend

Western New England Bancorp (WNEB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Western New England Bancorp (WNEB) to Report a Decline in Earnings: What to Look Out for

Western New England Bancorp (WNEB) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.24 per share a year ago.

Western New England Bancorp (WNEB) Lags Q1 Earnings and Revenue Estimates

WESTFIELD, Mass., April 25, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three months ended March 31, 2023. The Company reported net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023, consistent with net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2022. On a linked quarter basis, net income was $5.3 million, or $0.24 per diluted share, as compared to net income of $9.0 million, or $0.42 per diluted share, for the three months ended December 31, 2022.

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2023 and Declares Quarterly Cash Dividend

Western New England Bancorp (WNEB) delivered earnings and revenue surprises of 50% and 14.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Western New England Bancorp (WNEB) Beats Q4 Earnings and Revenue Estimates

WESTFIELD, Mass., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and twelve months ended December 31, 2022. For the three months ended December 31, 2022, the Company reported net income of $9.0 million, or $0.42 per diluted share, compared to net income of $6.2 million, or $0.28 per diluted share, for the three months ended December 31, 2021. On a linked quarter basis, net income was $9.0 million, or $0.42 per diluted share, as compared to net income of $6.0 million, or $0.28 per diluted share, for the three months ended September 30, 2022. For the twelve months ended December 31, 2022, net income was $25.9 million, or $1.18 per diluted share, compared to net income of $23.7 million, or $1.02 per diluted share, for the twelve months ended December 31, 2021.

Western New England Bancorp, Inc. Reports Results for the Three Months and Year Ended December 31, 2022 and Announces 17% Increase in Quarterly Cash Dividend

Western New England Bancorp (WNEB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Western New England Bancorp (WNEB): Can Its 6.3% Jump Turn into More Strength?

Western New England Bancorp (WNEB) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Western New England Bancorp (WNEB) is on the Move, Here's Why the Trend Could be Sustainable

Is it a good or bad thing when a stock experiences a golden cross technical event?

Western New England Bancorp (WNEB)'s Technical Outlook is Bright After Key Golden Cross

Western New England Bancorp (WNEB) delivered earnings and revenue surprises of 3.70% and 0.34%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Western New England Bancorp (WNEB) Surpasses Q3 Earnings and Revenue Estimates

WESTFIELD, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2022. For the three months ended September 30, 2022, the Company reported net income of $6.0 million, or $0.28 per diluted share, compared to net income of $6.0 million, or $0.27 per diluted share, for the three months ended September 30, 2021. On a linked quarter basis, net income was $6.0 million, or $0.28 per diluted share, as compared to net income of $5.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022. For the nine months ended September 30, 2022, net income was $16.9 million, or $0.77 per diluted share, compared to net income of $17.5 million, or $0.74 per diluted share, for the nine months ended September 30, 2021.

Western New England Bancorp, Inc. Reports Results for Three and Nine Months Ended September 30, 2022 and Declares Quarterly Cash Dividend

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Western New England Bancorp (WNEB) have what it takes?

Western New England Bancorp (WNEB) Could Be a Great Choice

WESTFIELD, Mass., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on October 13, 2022, the Company completed its 2.4 million stock repurchase plan (“2021 Plan”) at an average price per share of $8.40. The 2021 Plan was authorized on April 27, 2021. On July 26, 2022, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.1 million shares, or approximately 5%, of the Company's outstanding shares, upon the completion of the 2021 Plan.

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