NASDAQ : WNEB
Western New England Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 13.97 USD (Oct 30, 2026, 2:44 PM EDT) · Market cap 273.83M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 111.39M | 105.38M | 98.90M | 91.17M | 77.26M | 74.20M |
| Interest Income on Investments | 11.51M | 13.24M | 10.93M | 9.95M | 8.66M | 5.65M |
| Total Interest Income | 122.90M | 118.62M | 109.83M | 101.12M | 85.93M | 79.85M |
| Interest Paid on Deposits | 41.15M | 42.51M | 42.24M | 26.65M | 5.35M | 5.51M |
| Interest Paid on Borrowings | 4.78M | 6.01M | 7.78M | 6.56M | 1.34M | 1.16M |
| Total Interest Expense | 45.93M | 48.52M | 50.02M | 33.21M | 6.70M | 6.67M |
| Net Interest Income | 76.97M | 70.10M | 59.82M | 67.91M | 79.23M | 73.18M |
| Gain (Loss) on Sale of Assets | 712.00K | -6.00K | -3.00K | |||
| Gain (Loss) on Sale of Investments | 58.00K | 278.00K | 1.30M | 589.00K | -299.00K | 658.00K |
| Other Non-Interest Income | 12.88M | 12.23M | 11.37M | 10.68M | 10.82M | 9.93M |
| Total Non-Interest Income | 13.91M | 12.52M | 12.90M | 11.26M | 10.53M | 12.01M |
| Revenues Before Loan Losses | 90.88M | 82.61M | 72.72M | 79.17M | 89.76M | 85.19M |
| Provision for Loan Losses | 176.00K | 335.00K | -665.00K | 872.00K | 700.00K | -925.00K |
| Revenue | 90.70M | 82.28M | 73.39M | 78.30M | 89.06M | 86.11M |
| Salaries and Employee Benefits | 35.89M | 34.04M | 30.75M | 30.40M | 30.94M | 30.20M |
| Federal Deposit Insurance | 1.55M | 1.60M | 1.46M | 1.32M | 1.05M | 998.00K |
| Selling, General & Administrative | 19.18M | 18.83M | 18.66M | 18.67M | 17.73M | 15.11M |
| Other Non-Interest Expense | 8.12M | 8.02M | 7.56M | 7.95M | 7.51M | 8.59M |
| Total Non-Interest Expense | 64.75M | 62.49M | 58.43M | 58.35M | 57.23M | 54.90M |
| EBT Excluding Unusual Items | 25.95M | 19.79M | 14.96M | 19.95M | 31.82M | 31.21M |
| Other Unusual Items | -1.14M | 2.81M | -45.00K | |||
| Pretax Income | 25.95M | 19.79M | 14.96M | 19.58M | 34.63M | 31.72M |
| Income Tax Expense | 6.07M | 4.52M | 3.29M | 4.52M | 8.74M | 8.03M |
| Net Income | 19.88M | 15.27M | 11.67M | 15.07M | 25.89M | 23.70M |
| Net Income to Common | 19.88M | 15.27M | 11.67M | 15.07M | 25.89M | 23.70M |
| Basic Shares Outstanding | 19.88M | 20.19M | 20.90M | 21.54M | 21.88M | 23.22M |
| Diluted Shares Outstanding | 19.99M | 20.32M | 21.02M | 21.61M | 21.94M | 23.30M |
| EPS (Basic) | 1.00 | 0.76 | 0.56 | 0.70 | 1.18 | 1.02 |
| EPS (Diluted) | 0.99 | 0.75 | 0.56 | 0.70 | 1.18 | 1.02 |
| Dividend Per Share | 0.28 | 0.28 | 0.28 | 0.28 | 0.25 | 0.20 |
| Effective Tax Rate | 23.39% | 22.84% | 22.00% | 23.06% | 25.25% | 25.30% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 62.77M | 40.38M | 66.45M | 28.84M | 30.34M | 103.46M |
| Investment Securities | 178.58M | 24.58M | 27.53M | 29.31M | 35.55M | 39.62M |
| Trading Asset Securities | 4.96M | 5.88M | 5.89M | 6.34M | 1.69M | |
| Mortgage-Backed Securities | 160.86M | 180.65M | 338.61M | 331.37M | 347.85M | 388.90M |
| Total Investments | 339.44M | 210.19M | 372.02M | 366.57M | 389.75M | 430.21M |
| Gross Loans | 2.20B | 2.18B | 2.07B | 2.03B | 1.99B | 1.87B |
| Allowance for Loan Losses | -19.63M | -20.30M | -19.53M | -20.27M | -19.93M | -19.79M |
| Other Adjustments to Gross Loans | -109.00K | -781.00K | ||||
| Net Loans | 2.18B | 2.16B | 2.05B | 2.01B | 1.97B | 1.84B |
| Property, Plant & Equipment | 29.71M | 31.80M | 33.78M | 34.18M | 34.95M | |
| Goodwill | 12.49M | 12.49M | 12.49M | 12.49M | 12.49M | 12.49M |
| Other Intangible Assets | 781.00K | 1.06M | 1.44M | 1.81M | 2.19M | 2.56M |
| Accrued Interest Receivable | 8.78M | 8.47M | 8.53M | 8.14M | 7.78M | |
| Long-Term Deferred Tax Assets | 12.72M | 14.00M | 13.64M | 15.03M | 12.09M | |
| Other Long-Term Assets | 152.12M | 252.49M | 89.95M | 88.16M | 86.22M | 87.37M |
| Total Assets | 2.75B | 2.74B | 2.65B | 2.56B | 2.55B | 2.54B |
| Interest Bearing Deposits | 1.81B | 1.54B | 1.46B | 1.37B | 1.45B | 1.55B |
| Institutional Deposits | 226.71M | 234.38M | 198.59M | 131.74M | 65.86M | |
| Non-Interest Bearing Deposits | 615.17M | 594.52M | 565.62M | 579.59M | 645.53M | 641.28M |
| Total Deposits | 2.43B | 2.36B | 2.26B | 2.14B | 2.23B | 2.26B |
| Short-Term Borrowings | 6.14M | 18.23M | 11.27M | 21.34M | 47.69M | 1.69M |
| Current Portion of Long-Term Debt | 48.00M | 25.00M | 30.65M | 532.00K | 1.48M | |
| Current Portion of Leases | 1.40M | |||||
| Long-Term Debt | 19.82M | 19.79M | 19.75M | 109.71M | 19.67M | 19.63M |
| Federal Home Loan Bank Debt, Long-Term | 25.00M | 25.00M | 73.00M | 646.00K | 1.18M | |
| Long-Term Leases | 5.26M | 7.67M | 8.47M | 9.46M | 8.96M | |
| Other Long-Term Liabilities | 22.37M | 10.25M | 17.84M | 13.25M | 17.56M | 24.90M |
| Total Liabilities | 2.50B | 2.49B | 2.42B | 2.33B | 2.33B | 2.31B |
| Common Stock | 244.69M | 204.00K | 209.00K | 217.00K | 222.00K | 227.00K |
| Additional Paid-In Capital | 114.52M | 119.33M | 125.45M | 128.90M | 132.82M | |
| Retained Earnings | 152.30M | 142.75M | 136.99M | 127.98M | 107.38M | |
| Comprehensive Income & Other | -19.38M | -26.37M | -25.25M | -28.96M | -16.74M | |
| Shareholders' Equity | 244.69M | 247.64M | 235.91M | 237.41M | 228.14M | 223.69M |
| Total Liabilities & Equity | 2.75B | 2.74B | 2.65B | 2.56B | 2.55B | 2.54B |
| Total Debt | 50.96M | 117.68M | 136.70M | 170.17M | 78.00M | 32.94M |
| Net Cash (Debt) | 11.81M | -72.34M | -64.36M | -135.44M | -41.32M | 72.21M |
| Net Cash Per Share | 0.59 | -3.56 | -3.06 | -6.27 | -1.88 | 3.10 |
| Filing Date Shares Outstanding | 19.80M | 20.11M | 20.53M | 21.29M | 21.84M | 22.22M |
| Total Common Shares Outstanding | 19.80M | 20.22M | 20.66M | 21.38M | 21.85M | 22.21M |
| Book Value Per Share | 12.36 | 12.25 | 11.42 | 11.11 | 10.44 | 10.07 |
| Tangible Book Value | 231.43M | 234.09M | 221.99M | 223.11M | 213.47M | 208.64M |
| Tangible Book Value Per Share | 11.69 | 11.58 | 10.75 | 10.44 | 9.77 | 9.39 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 15.27M | 11.67M | 15.07M | 25.89M | 23.70M | |
| Depreciation & Amortization | 2.48M | 2.60M | 2.59M | 2.69M | 2.70M | |
| Gain (Loss) on Sale of Assets | 6.00K | 3.00K | ||||
| Gain (Loss) on Sale of Investments | 966.00K | 1.17M | 1.27M | 2.27M | 2.49M | |
| Total Asset Writedown | 7.00K | -39.00K | 95.00K | -135.00K | 95.00K | |
| Provision for Credit Losses | 335.00K | -665.00K | 872.00K | 700.00K | -925.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 394.00K | 490.00K | 497.00K | 681.00K | 1.25M | |
| Accrued Interest Receivable | -315.00K | 60.00K | -388.00K | -365.00K | 702.00K | |
| Change in Other Net Operating Assets | 221.00K | -3.24M | -4.85M | 3.88M | -1.23M | |
| Other Operating Activities | -2.93M | -1.69M | -2.37M | -597.00K | -1.75M | |
| Operating Cash Flow | 18.21M | 12.17M | 14.77M | 36.77M | 28.79M | |
| Capital Expenditures | -1.07M | -1.20M | -2.90M | -1.14M | -3.46M | |
| Sale of Property, Plant and Equipment | 74.00K | 18.00K | 36.00K | |||
| Investment in Securities | 337.00K | -219.00K | 24.48M | 15.41M | -222.93M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -113.34M | -43.14M | -37.02M | -127.82M | 60.87M | |
| Other Investing Activities | 459.00K | -2.11M | 1.72M | 1.68M | 2.57M | |
| Investing Cash Flow | -113.61M | -46.59M | -13.71M | -111.87M | -162.91M | |
| Short-Term Debt Issued | 7.88M | 41.35M | ||||
| Long-Term Debt Issued | 98.00M | 120.00M | 20.00M | |||
| Total Debt Issued | 7.88M | 98.00M | 120.00M | 41.35M | 20.00M | |
| Short-Term Debt Repaid | -10.71M | -25.25M | ||||
| Long-Term Debt Repaid | -25.00M | -120.65M | -532.00K | -1.47M | -55.23M | |
| Total Debt Repaid | -25.00M | -131.36M | -25.78M | -1.47M | -55.23M | |
| Net Debt Issued (Repaid) | -17.12M | -33.36M | 94.22M | 39.88M | -35.23M | |
| Issuance of Common Stock | 1.17M | 193.00K | ||||
| Repurchase of Common Stock | -6.10M | -7.60M | -5.02M | -6.35M | -23.28M | |
| Common Dividends Paid | -5.71M | -5.91M | -6.07M | -5.28M | -4.68M | |
| Net Increase (Decrease) in Deposit Accounts | 98.26M | 118.90M | -85.70M | -27.43M | 213.52M | |
| Other Financing Activities | -394.00K | |||||
| Financing Cash Flow | 69.33M | 72.03M | -2.57M | 1.99M | 150.13M | |
| Net Cash Flow | -26.07M | 37.61M | -1.50M | -73.11M | 16.01M | |
| Free Cash Flow | 17.14M | 10.97M | 11.87M | 35.63M | 25.34M | |
| Free Cash Flow Margin | 20.83% | 14.95% | 15.16% | 40.01% | 29.42% | |
| Free Cash Flow Per Share | 0.84 | 0.52 | 0.55 | 1.62 | 1.09 | |
| Cash Interest Paid | 48.64M | 52.44M | 26.65M | 5.35M | 5.51M | |
| Cash Income Tax Paid | 5.60M | 2.90M | 4.60M | 6.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 273.83M | 255.83M | 191.34M | 195.42M | 209.79M | 200.16M |
| Last Close Price | 13.97 | 12.43 | 8.82 | 8.32 | 8.41 | 7.58 |
| PE Ratio | 14.10 | 16.75 | 16.40 | 12.97 | 8.10 | 8.45 |
| PS Ratio | 3.02 | 3.11 | 2.61 | 2.50 | 2.36 | 2.32 |
| PB Ratio | 1.13 | 1.03 | 0.81 | 0.82 | 0.92 | 0.90 |
| P/FCF Ratio | 15.92 | 14.93 | 17.44 | 16.46 | 5.89 | 7.90 |
| P/OCF Ratio | 14.27 | 14.05 | 15.72 | 13.23 | 5.71 | 6.95 |
| Debt / Equity Ratio | 0.21 | 0.47 | 0.58 | 0.72 | 0.34 | 0.15 |
| Debt / FCF Ratio | 6.87 | 12.46 | 14.34 | 2.19 | 1.30 | |
| Net Debt / Equity Ratio | -0.05 | 0.29 | 0.27 | 0.57 | 0.18 | -0.32 |
| Net Debt / FCF Ratio | 4.22 | 5.87 | 11.41 | 1.16 | -2.85 | |
| Return on Equity (ROE) | 8.14% | 6.31% | 4.93% | 6.47% | 11.46% | 10.53% |
| Return on Assets (ROA) | 0.73% | 0.57% | 0.45% | 0.59% | 1.02% | 0.97% |
| Earnings Yield | 7.09% | 5.97% | 6.10% | 7.71% | 12.34% | 11.84% |
| FCF Yield | 6.28% | 6.70% | 5.73% | 6.08% | 16.98% | 12.66% |
| Dividend Yield | 2.00% | 2.21% | 3.02% | 3.06% | 2.60% | 2.22% |
| Payout Ratio | 28.27% | 37.41% | 50.69% | 40.26% | 20.40% | 19.73% |
| Buyback Yield / Dilution | 2.20% | 3.31% | 2.75% | 1.49% | 5.85% | 7.03% |
| Total Shareholder Return | 4.20% | 5.52% | 5.77% | 4.56% | 8.45% | 9.25% |