WNEB Q4 net income $2.5M ($0.12 EPS) vs $9.0M YoY; NIM 2.64%

Western New England Bancorp, Inc.

2023-FY EPS reported $0.70

Net income for Q4 2023 was $2.5M ($0.12 diluted EPS) versus $9.0M ($0.42) in Q4 2022.
Full year 2023 net income $15.1M ($0.70 EPS) compared to $25.9M ($1.18) in 2022.
Net interest margin declined to 2.64% in Q4 2023 from 3.44% in Q4 2022.
Declared quarterly cash dividend of $0.07 per share, payable Feb 21, 2024 to holders of record Feb 7, 2024.
Total loans grew 1.8% YoY to $2.0B; core deposits decreased 15.7% to $1.5B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Western New England Bancorp, Inc. reported three and twelve months ended December 31, 2023 results: net income net income was $15.1 million, or $0.70 per diluted share, EPS $0.70 per diluted share.

Period: three and twelve months ended December 31, 2023
Net income: net income was $15.1 million, or $0.70 per diluted share
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

For the three months ended December 31, 2023, the Company reported net income of $2.5 million, or $0.12 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Western New England Bancorp, Inc. reported three and twelve months ended December 31, 2023 results: net income net income was $15.1 million, or $0.70 per diluted share, EPS $0.70 per diluted share.

Period: three and twelve months ended December 31, 2023
Net income: net income was $15.1 million, or $0.70 per diluted share
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2023, net income was $15.1 million, or $0.70 per diluted share

View on SEC.gov

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Western New England Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001999371-24-000720

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