earnings
confidence high
sentiment positive
materiality 0.65
WNEB Q3 net income $6.0M ($0.28 EPS); loans up 7.7%, dividend $0.06
Western New England Bancorp, Inc.
2022-Q3 EPS reported
$0.77
- Net income Q3 2022: $6.0M ($0.28 diluted EPS) vs $6.0M ($0.27) in Q3 2021; nine-month net income $16.9M ($0.77).
- Net interest margin increased to 3.35% from 3.24% linked quarter and 3.08% in Q4 2021.
- Total loans grew $143M (7.7%) from year-end; core deposits up $89.6M (4.8%); loan-to-deposit ratio 87.8%.
- Board declared $0.06/share quarterly cash dividend, payable Nov 23, 2022 to holders of record Nov 9, 2022.
- New $1.1M share repurchase plan authorized (~5% of outstanding); prior plan completed Oct 13, 2022.