Western New England Bancorp, Inc. (WNEB) Income Statement

26Y historyFree accessUpdated daily

Net interest income reached $18.8 million in 2026Q1, though the net interest margin remains constrained at a stagnant 0.7% level.

Annual statement

WNEB Income Statement

Western New England Bancorp, Inc. (WNEB) annual income statement — 26-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00

Net Interest Income	14.01M	70.1M	59.82M	67.91M	79.23M	73.18M	64.43M	57.98M	60.01M	59.39M	37.31M	31.68M	31.07M	30.74M	30.44M	30.54M	29.38M	32.51M	31.75M	30.18M	22.88M	23.71M	23.52M	21.78M	24.24M	22.54M	22.18M
NII Growth %	-269.29%	17.19%	-11.92%	-14.29%	8.27%	13.58%	11.13%	-3.39%	1.04%	59.18%	17.77%	1.98%	1.06%	0.99%	-0.32%	3.93%	-9.62%	2.38%	5.22%	31.87%	-3.48%	0.83%	7.98%	-10.15%	7.53%	1.61%	-
Net Interest Margin %	0.51%	2.56%	2.25%	2.65%	3.1%	2.88%	2.72%	2.66%	2.83%	2.85%	1.8%	2.36%	2.35%	2.41%	2.34%	2.42%	2.37%	2.73%	2.86%	2.9%	2.3%	2.94%	2.95%	2.74%	2.98%	2.88%	3.19%
Interest Income	60.57M	118.62M	109.83M	101.12M	85.93M	79.85M	82.88M	82.12M	78.99M	74.04M	48.6M	42.48M	40.99M	41.03M	43.1M	45.01M	46.15M	52.53M	54.06M	53.58M	42.44M	37.31M	34.43M	35.63M	43.01M	47.54M	46.72M
Interest Expense	46.56M	48.52M	50.02M	33.21M	6.7M	6.67M	18.45M	24.14M	18.98M	14.64M	11.29M	10.79M	9.92M	10.29M	12.66M	14.47M	16.77M	20.02M	22.3M	23.41M	19.55M	13.6M	10.91M	13.86M	18.77M	25M	24.54M
Loan Loss Provision	1.44M	820K	-665K	872K	700K	-925K	7.78M	2.67M	1.9M	1.36M	575K	1.27M	1.57M	-256K	698K	1.21M	8.92M	3.9M	3.45M	400K	390K	465K	750K	750K	934K	1.63M	1.09M
Non-Interest Income	45.86M	11.21M	12.91M	10.9M	13.33M	12.56M	9.25M	9.71M	9.23M	8.5M	6.89M	6.17M	4.46M	7.64M	7.01M	3.81M	7.39M	3.5M	4.8M	4.56M	3.07M	3.37M	-18.87M	-17.95M	-23.67M	-18.39M	-18.24M
Non-Interest Income %	76.61%	13.79%	17.75%	13.83%	14.4%	14.65%	12.56%	14.34%	13.33%	12.52%	15.58%	16.29%	12.55%	19.91%	18.71%	11.08%	20.1%	9.71%	13.14%	13.13%	11.84%	12.45%	-406.13%	-469.48%	-4137.41%	-443.55%	-462.45%
Total Net Revenue	59.87M	81.31M	72.73M	78.81M	92.56M	85.74M	73.68M	67.68M	69.25M	67.89M	44.2M	37.85M	35.53M	38.38M	37.45M	34.34M	36.77M	36M	36.55M	34.74M	25.96M	27.08M	4.65M	3.82M	572K	4.15M	3.94M
Revenue Growth %	-21.5%	11.8%	-7.72%	-14.86%	7.96%	16.37%	8.86%	-2.25%	1.99%	53.61%	16.78%	6.53%	-7.44%	2.5%	9.04%	-6.6%	2.13%	-1.51%	5.23%	33.83%	-4.15%	482.89%	21.5%	568.53%	-86.21%	5.15%	-
Non-Interest Expense	48.1M	61.18M	58.43M	58.35M	57.23M	54.94M	51.75M	47.81M	46.24M	44.79M	36.22M	28.73M	25.91M	30.01M	28.24M	25.96M	24.81M	25.38M	24.62M	21.82M	19.39M	18.46M	-4.99M	-3.4M	-6.64M	-5.01M	-6.41M
Efficiency Ratio	80.35%	75.25%	80.35%	74.04%	61.83%	64.08%	70.24%	70.63%	66.77%	65.97%	81.95%	75.92%	72.93%	78.19%	75.41%	75.58%	67.47%	70.49%	67.34%	62.83%	74.7%	68.18%	-107.38%	-88.83%	-1161.71%	-120.86%	-162.53%
Operating Income	10.33M	19.3M	14.96M	19.58M	34.63M	31.72M	14.16M	17.2M	21.11M	21.75M	7.4M	7.84M	8.04M	8.63M	8.51M	7.18M	3.04M	6.73M	8.49M	12.51M	6.18M	8.15M	8.88M	6.47M	6.28M	7.53M	9.27M
Operating Margin %	17.25%	23.74%	20.57%	24.85%	37.41%	37%	19.21%	25.41%	30.48%	32.03%	16.75%	20.71%	22.64%	22.48%	22.72%	20.91%	8.27%	18.68%	23.21%	36.02%	23.8%	30.1%	191.24%	169.22%	1098.43%	181.55%	234.91%
Operating Income Growth %	-	29.02%	-23.6%	-43.45%	9.16%	124.1%	-17.7%	-18.51%	-2.94%	193.77%	-5.56%	-2.55%	-6.76%	1.37%	18.52%	136.18%	-54.8%	-20.74%	-32.18%	102.56%	-24.23%	-8.25%	37.3%	2.99%	-16.55%	-18.74%	-
Pretax Income	21.79M	19.79M	14.96M	19.58M	34.63M	31.72M	14.16M	17.2M	21.11M	21.75M	7.4M	7.84M	8.04M	8.63M	8.51M	7.18M	3.04M	6.73M	8.49M	12.51M	6.18M	8.15M	8.88M	6.47M	6.28M	7.53M	9.27M
Pretax Margin %	36.4%	24.34%	20.57%	24.85%	37.41%	37%	19.21%	25.41%	30.48%	32.03%	16.75%	20.71%	22.64%	22.48%	22.72%	20.91%	8.27%	18.68%	23.21%	36.02%	23.8%	30.1%	191.24%	169.22%	1098.43%	181.55%	234.91%
Income Tax	5.04M	4.52M	3.29M	4.52M	8.74M	8.03M	2.94M	3.85M	4.7M	9.43M	2.57M	2.12M	1.88M	1.87M	2.26M	1.31M	34K	1.27M	1.79M	3.81M	1.52M	1.93M	2.56M	2.82M	2.24M	2.51M	3.19M
Effective Tax Rate %	23.12%	22.84%	22%	23.06%	25.24%	25.3%	20.78%	22.39%	22.27%	43.35%	34.7%	27.1%	23.4%	21.69%	26.51%	18.19%	1.12%	18.84%	21.15%	30.47%	24.66%	23.71%	28.84%	43.58%	35.64%	33.36%	34.38%
Net Income	16.75M	15.27M	11.67M	15.07M	25.89M	23.7M	11.21M	13.35M	16.41M	12.32M	4.83M	5.71M	6.16M	6.76M	6.25M	5.87M	3.01M	5.46M	6.69M	8.7M	4.65M	6.22M	6.32M	3.65M	4.04M	5.02M	6.08M
Net Margin %	27.98%	18.78%	16.04%	19.12%	27.97%	27.64%	15.22%	19.72%	23.7%	18.15%	10.94%	15.1%	17.34%	17.6%	16.7%	17.1%	8.17%	15.16%	18.3%	25.05%	17.93%	22.96%	136.1%	95.48%	706.99%	120.98%	154.16%
Net Income Growth %	38.61%	30.88%	-22.58%	-41.79%	9.23%	111.32%	-15.99%	-18.64%	33.18%	154.86%	-15.42%	-7.25%	-8.79%	8.03%	6.47%	95.41%	-44.94%	-18.41%	-23.09%	86.94%	-25.16%	-1.64%	73.19%	-9.72%	-19.39%	-17.48%	-
Net Income (Continuing)	16.75M	15.27M	11.67M	15.07M	25.89M	23.7M	11.21M	13.35M	16.41M	12.32M	4.83M	5.71M	6.16M	6.76M	6.25M	5.87M	3.01M	5.46M	6.69M	8.7M	4.65M	6.22M	6.32M	3.65M	4.04M	5.02M	6.08M
EPS (Diluted)	0.84	0.75	0.56	0.70	1.18	1.02	0.45	0.51	0.57	0.41	0.24	0.33	0.34	0.34	0.26	0.22	0.11	0.18	0.22	0.29	0.05	0.06	0.06	0.11	0.12	0.15	0.18
EPS Growth %	42.13%	33.93%	-20%	-40.68%	15.69%	126.67%	-11.76%	-10.53%	39.02%	70.83%	-27.27%	-2.94%	0%	30.77%	18.18%	100%	-38.89%	-18.18%	-24.14%	534.57%	-25.08%	0%	-44.55%	-8.33%	-20%	-16.67%	-
EPS (Basic)	-	0.76	0.56	0.70	1.18	1.02	0.45	0.51	0.57	0.41	0.25	0.33	0.34	0.34	0.26	0.22	0.11	0.19	0.22	0.29	0.05	0.06	0.06	0.11	0.12	0.15	0.18
Diluted Shares Outstanding	19.98M	20.21M	21.02M	21.61M	21.94M	23.3M	25.06M	26.3M	29.03M	30.03M	19.8M	17.5M	18.18M	20.08M	24.52M	26.59M	27.79M	29.58M	30.19M	30M	31.42M	32.23M	32.77M	33.28M	34.92M	32.9M	32.9M

Key Metrics

Growth RegimeAccelerating

ProfitabilityModerate

Balance SheetHealthy

Cash FlowStable

Top Statement Risk

CRE concentration and liquidity

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Net Interest Income Growth Momentum

As reported in recent financial statements, WNEB's net interest income reached $18.8 million in 2026Q1, marking a significant recovery from the $14.5 million low observed in 2024Q2, suggesting that the bank has successfully navigated the recent interest rate cycle to expand its core interest-earning capacity.

The trajectory of NII growth, which accelerated to 21.2% year-over-year in 2026Q1, indicates that the bank is effectively repricing its loan portfolio. Investors should monitor whether this expansion is sustainable or if it remains highly sensitive to future deposit beta adjustments in the competitive New England market.

Persistent Net Interest Margin Constraints

Based on the provided quarterly data, WNEB's net interest margin has remained stagnant at 0.7% throughout the 2025-2026 period, indicating that despite rising interest income, the bank's funding costs are likely offsetting potential margin expansion and limiting the profitability of its core lending activities.

The lack of NIM expansion suggests that the bank is struggling to lower its cost of funds, likely due to the sticky nature of municipal deposits and competitive pressures. This compression warrants further investigation into the bank's deposit mix and its ability to maintain spreads in a volatile rate environment.

Efficiency Ratio Discipline Amid Growth

According to the bank's reported figures, the efficiency ratio has stabilized near 47.5% as of 2026Q1, reflecting management's ongoing efforts to control non-interest expenses while scaling the business, though this remains higher than the levels seen in the mid-2024 period of 45.4%.

The bank appears to be managing its fixed-cost base effectively, yet the fluctuation in the efficiency ratio suggests that operating leverage is not yet fully optimized. Continued focus on branch network consolidation will be critical to maintaining these levels if revenue growth begins to decelerate.

Provisioning Volatility and Credit Quality

As indicated by the income statement, the provision for loan losses has fluctuated significantly, moving from a $75,000 expense in 2026Q1 to a $762,000 benefit in 2024Q4, which suggests that the bank's earnings are highly sensitive to subjective CECL-based economic forecasting and regional credit risk assessments.

The volatility in provision expense implies that the bank's bottom line is susceptible to shifts in regional economic health, particularly within its CRE portfolio. Investors should monitor the OREO line and non-performing asset levels as leading indicators of whether these provisions are sufficient to cover potential future credit losses.

WNEB — Frequently Asked Questions

Quick answers to the most common questions about buying WNEB stock.

What was Western New England Bancorp, Inc.'s (WNEB) revenue in 2025?

For fiscal year 2025, Western New England Bancorp, Inc. (WNEB) reported total revenue of $81.3M. This represents a 1961.5% increase compared to $3.9M in 2000.

Is Western New England Bancorp, Inc. (WNEB) profitable?

Western New England Bancorp, Inc. (WNEB) is profitable, generating $15.3M in net income for the fiscal year ending 2025 with a net profit margin of 11.8%.

What is Western New England Bancorp, Inc.'s operating profit margin?

Western New England Bancorp, Inc. (WNEB) reported an operating income of $19.3M, resulting in an operating profit margin of 14.9%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Western New England Bancorp, Inc.'s gross profit and gross margin?

Western New England Bancorp, Inc. (WNEB) generated $80.5M in gross profit for the year, representing a gross profit margin of 62.0%. This demonstrates the company's core pricing power and production efficiency.