WNEB
Income statement / Annual
Last year (2023), Western New England Bancorp, Inc.'s total revenue was $78.30 M,
a decrease of 14.77% from the previous year.
In 2023, Western New England Bancorp, Inc.'s net income was $15.07 M.
See Western New England Bancorp, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$78.30 M
|
$91.86 M
|
$86.11 M
|
$65.91 M
|
$65.01 M
|
$66.63 M
|
$66.54 M
|
$43.62 M
|
$36.57 M
|
$33.95 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$78.30 M |
$91.86 M |
$86.11 M |
$65.91 M |
$65.01 M |
$66.63 M |
$66.54 M |
$43.62 M |
$36.57 M |
$33.95 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$2.88 M
|
$5.60 M
|
$5.09 M
|
$5.27 M
|
$5.22 M
|
$5.45 M
|
$4.93 M
|
$3.87 M
|
$3.63 M
|
$4.28 M
|
| Selling & Marketing
Expenses |
$1.50 M
|
$1.41 M
|
$1.29 M
|
$1.11 M
|
$1.33 M
|
$1.40 M
|
$1.30 M
|
$910,000.00
|
$789,000.00
|
$17.79 M
|
| Selling, General &
Administrative Expenses |
$46.61 M
|
$46.72 M
|
$45.31 M
|
$41.79 M
|
$40.05 M
|
$38.36 M
|
$36.97 M
|
$25.84 M
|
$22.88 M
|
$22.06 M
|
| Other Expenses |
$0.00 |
-$17.53 M |
-$15.97 M |
-$15.36 M |
-$14.31 M |
-$14.72 M |
-$13.52 M |
-$10.00 M |
$0.00 |
$0.00 |
| Operating Expenses |
$78.81 M |
$57.24 M |
$54.39 M |
$51.75 M |
$47.81 M |
$45.52 M |
$44.79 M |
$36.22 M |
$28.73 M |
$25.91 M |
| Cost And Expenses |
$46.61 M |
$57.24 M |
$54.39 M |
$51.75 M |
$47.81 M |
$45.52 M |
$44.79 M |
$36.22 M |
$28.73 M |
$25.91 M |
| Interest Income |
$101.12 M |
$85.93 M |
$79.85 M |
$82.88 M |
$82.12 M |
$78.99 M |
$74.04 M |
$48.60 M |
$42.48 M |
$40.99 M |
| Interest Expense |
$33.21 M |
$6.70 M |
$6.67 M |
$18.45 M |
$24.14 M |
$18.98 M |
$14.65 M |
$11.29 M |
$10.79 M |
$9.92 M |
| Depreciation &
Amortization |
$2.59 M
|
$2.69 M
|
$2.70 M
|
$2.52 M
|
$2.46 M
|
$2.43 M
|
$2.34 M
|
$1.50 M
|
$1.32 M
|
$1.19 M
|
| EBITDA |
$22.18 M
|
$37.32 M
|
$34.42 M
|
$16.68 M
|
$19.66 M
|
$23.54 M
|
$24.09 M
|
$0.00
|
$9.15 M
|
$9.23 M
|
| EBITDA Ratio |
0.28 |
0.48 |
0.4 |
0.25 |
0.3 |
0.64 |
0.58 |
0.46 |
0.55 |
0.56 |
| Operating Income Ratio
|
0.25
|
0.45
|
0.37
|
0.21
|
0.26
|
0.6
|
0.55
|
0.43
|
0.51
|
0.53
|
| Total Other
Income/Expenses Net |
-$3,000.00
|
$0.00
|
-$45,000.00
|
-$987,000.00
|
$0.00
|
$0.00
|
-$526,000.00
|
-$4.97 M
|
-$1.30 M
|
$0.00
|
| Income Before Tax |
$19.58 M |
$34.63 M |
$31.72 M |
$14.16 M |
$17.20 M |
$21.11 M |
$21.75 M |
$7.40 M |
$7.84 M |
$8.04 M |
| Income Before Tax Ratio
|
0.25
|
0.38
|
0.37
|
0.21
|
0.26
|
0.32
|
0.33
|
0.17
|
0.21
|
0.24
|
| Income Tax Expense |
$4.52 M |
$8.74 M |
$8.03 M |
$2.94 M |
$3.85 M |
$4.70 M |
$9.43 M |
$2.57 M |
$2.12 M |
$1.88 M |
| Net Income |
$15.07 M |
$25.89 M |
$23.70 M |
$11.22 M |
$13.35 M |
$16.41 M |
$12.32 M |
$4.83 M |
$5.72 M |
$6.16 M |
| Net Income Ratio |
0.19 |
0.28 |
0.28 |
0.17 |
0.21 |
0.25 |
0.19 |
0.11 |
0.16 |
0.18 |
| EPS |
0.7 |
1.18 |
1.02 |
0.45 |
0.51 |
0.57 |
0.41 |
0.25 |
0.33 |
0.34 |
| EPS Diluted |
0.7 |
1.18 |
1.02 |
0.45 |
0.51 |
0.57 |
0.41 |
0.24 |
0.33 |
0.34 |
| Weighted Average Shares
Out |
$21.54 M
|
$21.88 M
|
$23.22 M
|
$25.05 M
|
$26.19 M
|
$28.89 M
|
$29.86 M
|
$19.71 M
|
$17.50 M
|
$18.18 M
|
| Weighted Average Shares
Out Diluted |
$21.61 M
|
$21.94 M
|
$23.30 M
|
$25.06 M
|
$26.30 M
|
$29.03 M
|
$30.03 M
|
$19.80 M
|
$17.50 M
|
$18.18 M
|
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