Western New England Bancorp, Inc. (WNEB) 10-Year Financial Performance & Capital Metrics

WNEB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutWestern New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.Show more

Net Interest Income $60M -11.9%
Total Revenue $123M +9.6%
Net Income $12M -22.6%
Return on Equity 4.93% -23.8%
Net Interest Margin 2.25% -14.9%
Efficiency Ratio 47.61% -8.6%
ROA 0.45% -24.1%
Equity / Assets 8.89% -3.9%
Book Value per Share 11.23 +2.2%
Tangible BV/Share 10.56 +2.3%
Debt/Equity 0.52 -20.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 47.6% efficiency ratio
✓Healthy dividend yield of 2.1%
✓Share count reduced 2.7% through buybacks
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.44%

5Y5.98%

3Y9.92%

TTM-

Profit (Net Income) CAGR

10Y6.59%

5Y-2.66%

3Y-21.04%

TTM22.58%

EPS CAGR

10Y5.12%

5Y1.89%

3Y-18.12%

TTM26.68%

ROCE

10Y Avg5.39%

5Y Avg7.17%

3Y Avg7.26%

Latest3.79%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	31.68M	37.31M	59.39M	60.01M	57.98M	64.43M	73.18M	79.23M	67.91M	59.82M
NII Growth %	0.02%	0.18%	0.59%	0.01%	-0.03%	0.11%	0.14%	0.08%	-0.14%	-0.12%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	42.48M	48.6M	74.04M	78.99M	82.12M	82.88M	79.85M	85.93M	101.12M	109.83M
Interest Expense	10.79M	11.29M	14.64M	18.98M	24.14M	18.45M	6.67M	6.7M	33.21M	50.02M
Loan Loss Provision	1.27M	575K	1.36M	1.9M	2.67M	7.78M	-925K	700K	872K	-665K
Non-Interest Income+	6.17M	6.89M	8.5M	9.23M	9.71M	9.25M	12.56M	13.33M	10.9M	12.91M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	48.64M	55.48M	82.54M	88.22M	91.82M	92.13M	92.41M	99.26M	112.02M	122.74M
Revenue Growth %	0.07%	0.14%	0.49%	0.07%	0.04%	0%	0%	0.07%	0.13%	0.1%
Non-Interest Expense	28.73M	36.22M	44.79M	46.24M	47.81M	51.75M	54.94M	57.23M	58.35M	58.43M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.84M	7.4M	21.75M	21.11M	17.2M	14.16M	31.72M	34.63M	19.58M	14.96M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.03%	-0.06%	1.94%	-0.03%	-0.19%	-0.18%	1.24%	0.09%	-0.43%	-0.24%
Pretax Income+	7.84M	7.4M	21.75M	21.11M	17.2M	14.16M	31.72M	34.63M	19.58M	14.96M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.12M	2.57M	9.43M	4.7M	3.85M	2.94M	8.03M	8.74M	4.52M	3.29M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.71M	4.83M	12.32M	16.41M	13.35M	11.21M	23.7M	25.89M	15.07M	11.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.07%	-0.15%	1.55%	0.33%	-0.19%	-0.16%	1.11%	0.09%	-0.42%	-0.23%
Net Income (Continuing)	5.71M	4.83M	12.32M	16.41M	13.35M	11.21M	23.7M	25.89M	15.07M	11.67M
EPS (Diluted)+	0.33	0.24	0.41	0.57	0.51	0.45	1.02	1.18	0.70	0.56
EPS Growth %	-0.03%	-0.27%	0.71%	0.39%	-0.11%	-0.12%	1.27%	0.16%	-0.41%	-0.2%
EPS (Basic)	0.33	0.25	0.41	0.57	0.51	0.45	1.02	1.18	0.70	0.56
Diluted Shares Outstanding	17.5M	19.8M	30.03M	29.03M	26.3M	25.06M	23.3M	21.94M	21.61M	21.02M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	13.6M	65.85M	26.81M	25.54M	23.11M	84.46M	98.56M	28.69M	25.85M	57.19M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.23B	1.86B	1.91B	1.94B	2B	2.12B	2.27B	2.35B	2.37B	2.42B
Investments Growth %	0.02%	0.51%	0.03%	0.02%	0.03%	0.06%	0.07%	0.04%	0.01%	0.02%
Long-Term Investments	1.05B	1.56B	1.62B	1.69B	1.77B	1.92B	2.08B	2.21B	2.23B	2.26B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	13.75M	12.49M	12.49M	12.49M	12.49M	12.49M	12.49M	12.49M	12.49M
Intangible Assets	0	4.44M	4.06M	3.69M	3.31M	2.94M	2.56M	2.19M	1.81M	1.44M
PP&E (Net)	13.56M	20.89M	23.5M	24.62M	23.76M	25.1M	26.16M	24.95M	25.57M	24.42M
Other Assets	67.82M	92.63M	93.21M	92M	107.96M	99.76M	105.34M	106.79M	108.95M	118.3M
Total Current Assets	200.07M	371.74M	321.17M	284.94M	256.13M	294.81M	300.68M	183.83M	171.49M	226.36M
Total Non-Current Assets	1.14B	1.7B	1.76B	1.83B	1.93B	2.07B	2.24B	2.37B	2.39B	2.43B
Total Assets+	1.34B	2.08B	2.08B	2.12B	2.18B	2.37B	2.54B	2.55B	2.56B	2.65B
Asset Growth %	0.02%	0.55%	0%	0.02%	0.03%	0.08%	0.07%	0.01%	0%	0.03%
Return on Assets (ROA)	0%	0%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	281.76M	297.19M	309.44M	267.27M	240.51M	57.85M	22.29M	62.2M	156.46M	123.14M
Net Debt	268.16M	231.34M	282.63M	241.72M	217.41M	-26.61M	-76.27M	33.51M	130.61M	65.95M
Long-Term Debt	153.36M	124.84M	164.79M	208.02M	205.51M	57.85M	22.29M	20.85M	140.36M	117.75M
Short-Term Debt	128.41M	172.35M	144.65M	59.25M	35M	0	0	41.35M	16.1M	5.39M
Other Liabilities	18.34M	22.36M	20.27M	18.53M	31.07M	37.98M	35.55M	33.36M	26.96M	31.39M
Total Current Liabilities	1.03B	1.69B	1.65B	1.66B	1.71B	2.04B	2.26B	2.27B	2.16B	2.27B
Total Non-Current Liabilities	171.69M	147.2M	185.06M	226.55M	236.59M	95.83M	57.84M	54.21M	167.32M	149.14M
Total Liabilities	1.2B	1.84B	1.84B	1.88B	1.95B	2.14B	2.31B	2.33B	2.33B	2.42B
Total Equity+	139.47M	238.4M	247.28M	237.03M	232.02M	226.64M	223.69M	228.14M	237.41M	235.91M
Equity Growth %	-0.02%	0.71%	0.04%	-0.04%	-0.02%	-0.02%	-0.01%	0.02%	0.04%	-0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.03%	0.05%	0.07%	0.06%	0.05%	0.11%	0.11%	0.06%	0.05%
Book Value per Share	7.97	12.04	8.24	8.17	8.82	9.04	9.60	10.40	10.99	11.23
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	183K	304K	305K	284K	266K	253K	227K	222K	217K	209K
Additional Paid-in Capital	108.21M	206M	203.53M	182.1M	164.25M	154.55M	132.82M	128.9M	125.45M	119.33M
Retained Earnings	49.32M	51.71M	62.58M	74.11M	82.18M	88.35M	107.38M	127.98M	136.99M	142.75M
Accumulated OCI	-10.98M	-12.66M	-12.55M	-13.42M	-8.97M	-11.28M	-12.31M	-25.04M	-21.74M	-23.27M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.08M	930K	18.86M	24.64M	15.38M	25.07M	28.79M	36.77M	14.77M	12.17M
Operating CF Growth %	-0.02%	-0.92%	19.28%	0.31%	-0.38%	0.63%	0.15%	0.28%	-0.6%	-0.18%
Net Income	5.71M	4.83M	12.32M	16.41M	13.35M	11.21M	23.7M	25.89M	15.07M	11.67M
Depreciation & Amortization	1.31M	1.5M	2.34M	2.43M	2.46M	2.52M	2.7M	2.69M	2.59M	2.6M
Deferred Taxes	-231K	274K	7.34M	-796K	-680K	-2.43M	644K	1.09M	191K	178K
Other Non-Cash Items	4.59M	1.95M	283K	1.06M	3.2M	6.47M	290K	1.83M	176K	-1.14M
Working Capital Changes	-29K	-8.52M	-5.03M	3.73M	-4.55M	5.91M	-525K	3.52M	-5.24M	-3.18M
Cash from Investing+	-30.91M	33.75M	-55.97M	-45.74M	-48.08M	-123.56M	-162.91M	-111.87M	-13.71M	-46.59M
Purchase of Investments	-143.69M	-87.25M	-67.25M	-16.9M	-74.51M	-158.98M	-296.58M	-33.03M	-7.9M	-34.05M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	23.81M	0	0	0	0	0	0	0	0
Other Investing	-94.1M	-104.11M	-62.88M	-63.05M	-79.83M	-142.09M	63.47M	-126.15M	-35.28M	-45.18M
Cash from Financing+	13.75M	21.86M	-5.99M	20.76M	30.65M	161.19M	150.13M	1.99M	-2.57M	72.03M
Dividends Paid	-2.1M	-2.44M	-3.58M	-4.64M	-5.27M	-5.04M	-4.68M	-5.28M	-6.07M	-5.91M
Share Repurchases	-3.91M	-1.38M	-9.31M	-22.92M	-19.45M	-10.52M	-23.28M	-6.35M	-5.02M	-7.6M
Stock Issued	0	1.97M	5.46M	114K	106K	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	66.15M	74.4M	-5.63M	90.3M	82.05M	360.36M	213.31M	-26.26M	-85.7M	118.9M
Net Change in Cash+	-5.08M	56.53M	-43.1M	-343K	-2.05M	62.7M	16.01M	-73.11M	-1.5M	37.61M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	18.79M	13.7M	70.23M	27.13M	26.79M	24.74M	87.44M	103.46M	30.34M	28.84M
Cash at End	13.7M	70.23M	27.13M	26.79M	24.74M	87.44M	103.46M	30.34M	28.84M	66.45M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	8.86M	-557K	16.65M	21.31M	14.09M	21.49M	25.34M	35.63M	11.87M	10.97M
FCF Growth %	-0.15%	-1.06%	30.89%	0.28%	-0.34%	0.52%	0.18%	0.41%	-0.67%	-0.08%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.05%	2.56%	5.07%	6.78%	5.69%	4.89%	10.53%	11.46%	6.47%	4.93%
Return on Assets (ROA)	0.43%	0.28%	0.59%	0.78%	0.62%	0.49%	0.97%	1.02%	0.59%	0.45%
Net Interest Margin	2.36%	1.8%	2.85%	2.83%	2.66%	2.72%	2.88%	3.1%	2.65%	2.25%
Efficiency Ratio	59.07%	65.28%	54.26%	52.41%	52.07%	56.17%	59.45%	57.66%	52.09%	47.61%
Equity / Assets	10.41%	11.48%	11.87%	11.19%	10.64%	9.58%	8.81%	8.94%	9.26%	8.89%
Book Value / Share	7.97	12.04	8.24	8.17	8.82	9.04	9.6	10.4	10.99	11.23
NII Growth	1.98%	17.77%	59.18%	1.04%	-3.39%	11.13%	13.58%	8.27%	-14.29%	-11.92%
Dividend Payout	36.71%	50.46%	29.05%	28.29%	39.51%	44.91%	19.73%	20.4%	40.26%	50.69%

Frequently Asked Questions

Valuation & Price

Western New England Bancorp, Inc. (WNEB) has a price-to-earnings (P/E) ratio of 23.4x. This is roughly in line with market averages.

Growth & Financials

Western New England Bancorp, Inc. (WNEB) grew revenue by 9.6% over the past year. This is steady growth.

Yes, Western New England Bancorp, Inc. (WNEB) is profitable, generating $13.3M in net income for fiscal year 2024 (9.5% net margin).

Dividend & Returns

Yes, Western New England Bancorp, Inc. (WNEB) pays a dividend with a yield of 2.14%. This makes it attractive for income-focused investors.

Western New England Bancorp, Inc. (WNEB) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

Western New England Bancorp, Inc. (WNEB) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

Western New England Bancorp, Inc. (WNEB) has an efficiency ratio of 47.6%. This is excellent, indicating strong cost control.

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