Western New England Bancorp, Inc. (WNEB)

WNEB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	98.9	91.17	77.26	74.2	77.84
Interest Income on Investments	10.93	9.95	8.66	5.65	5.04
Total Interest Income	109.83	101.12	85.93	79.85	82.88
Interest Paid on Deposits	42.24	26.65	5.35	5.51	13.5
Interest Paid on Borrowings	7.78	6.56	1.34	1.16	4.95
Total Interest Expense	50.02	33.21	6.7	6.67	18.45
Net Interest Income	59.82	67.91	79.23	73.18	64.43
Net Interest Income Growth (YoY)	-11.92%	-14.29%	8.27%	13.58%	11.13%
Gain (Loss) on Sale of Assets	-0.01	-0	-	-	-
Gain (Loss) on Sale of Investments	1.3	0.59	-0.3	0.66	2.07
Other Non-Interest Income	11.37	10.68	10.82	9.93	7.18
Total Non-Interest Income	12.9	11.26	10.53	12.01	9.25
Non-Interest Income Growth (YoY)	14.57%	7.00%	-12.36%	29.81%	-4.68%
Revenues Before Loan Losses	72.72	79.17	89.76	85.19	73.68
Provision for Loan Losses	-0.67	0.87	0.7	-0.93	7.78
Revenue	73.39	78.3	89.06	86.11	65.91
Revenue Growth (YoY)	-6.28%	-12.08%	3.42%	30.66%	1.38%
Salaries and Employee Benefits	32.69	30.24	30.94	30.2	27.96
Federal Deposit Insurance	1.46	1.32	1.05	1	1.03
Selling, General & Administrative	18.87	16.37	15.78	15.11	13.82
Other Non-Interest Expense	5.41	10.42	9.47	8.59	7.95
Total Non-Interest Expense	58.43	58.35	57.24	54.9	50.76
EBT Excluding Unusual Items	14.96	19.95	31.82	31.21	15.14
Other Unusual Items	-	-1.14	2.81	-0.05	-0.99
Pretax Income	14.96	19.58	34.63	31.72	14.16
Income Tax Expense	3.29	4.52	8.74	8.03	2.94
Net Income	11.67	15.07	25.89	23.7	11.22
Net Income to Common	11.67	15.07	25.89	23.7	11.22
Net Income Growth	-22.58%	-41.79%	9.23%	111.32%	-15.99%
Basic Shares Outstanding	21	22	22	23	25
Diluted Shares Outstanding	21	22	22	23	25
Shares Change (YoY)	-2.75%	-1.50%	-5.85%	-7.03%	-4.72%
EPS (Basic)	0.56	0.70	1.18	1.02	0.45
EPS (Diluted)	0.56	0.70	1.18	1.02	0.45
EPS Growth	-20.22%	-40.71%	15.69%	127.80%	-12.17%
Dividend Per Share	0.280	0.280	0.250	0.200	0.200
Dividend Growth	0%	12.00%	25.00%	0%	0%
Effective Tax Rate	22.00%	23.06%	25.24%	25.30%	20.78%

Source: S&P Capital IQ. Banks template. Financial Sources.