earnings
confidence high
sentiment negative
materiality 0.60
WNEB Q1 2023 EPS $0.24, ROAA 0.84%; NIM 3.14% vs 3.47% in Q4 2022
Western New England Bancorp, Inc.
2023-Q1 EPS reported
$0.24
- Q1 2023 EPS $0.24 (vs $0.42 in Q4 2022; same as Q1 2022); ROAA 0.84% (vs 1.40% in Q4 2022).
- Net interest margin 3.14% (3.16% tax-equiv); down from 3.44% (3.47% tax-equiv) in Q4 2022.
- Total loans $2.006B at Mar 31, 2023; total deposits $2.157B; loan/deposit ratio 93%.
- Nonperforming loans/total loans 0.29%; allowance for loan losses to NPLs 350% (Dec 2022).
- Core deposits 79% of total deposits; uninsured deposits 29% of total.