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Stock impact report

Western New England Bancorp Inc. Reports Earnings for Q4 and Full Year 2023 [Yahoo! Finance]

Western New England Bancorp, Inc. (WNEB) 
Last western new england bancorp, inc. earnings: 4/28 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4066200
Company Research Source: Yahoo! Finance
Dividend : Declared quarterly cash dividend of $0.07 per share. Loan Growth : Total loans increased by $35.9 million or 1.8% year-over-year. Deposits : Total deposits decreased by $85.7 million or 3.8% compared to the previous year. Liquidity : Maintained a strong liquidity position with a coverage ratio of 146%. Warning! GuruFocus has detected 4 Warning Sign with WNEB. On January 23, 2024, Western New England Bancorp Inc ( NASDAQ:WNEB ) released its 8-K filing , reporting unaudited results for the fourth quarter and the full year ended December 31, 2023. The company, through its subsidiary Westfield Bank, provides a range of financial services in western Massachusetts and northern Connecticut, deriving its revenues, profits, and assets from banking products and services. Financial Performance and Challenges WNEB reported a net income of $2.5 million for Q4 2023, a significant decrease from the $9.0 million reported in Q4 2022. This decline is also reflected in the earn Show less Read more
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