Western New England Bancorp Reports Strong Q4 Earnings
WESTFIELD, Mass. - Western New England Bancorp (WNEB) announced fourth-quarter earnings of $3.3 million on Tuesday. The Westfield, Massachusetts-based bank reported earnings per share of 16 cents, exceeding Wall Street expectations. Analysts surveyed by Zacks Investment Research had projected earnings of 12 cents per share.
WNEB also posted revenue of $31.8 million during the quarter, with net interest revenue of $18.5 million, surpassing Street forecasts. For the full year, the company reported a profit of $11.7 million, or 56 cents per share, and revenue of $72.7 million.
This article was generated by Automated Insights using data from Zacks Investment Research. For more information, please visit https://www.zacks.com/ap/WNEB.