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WNEB — Western New England Bancorp News Story

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Western New England Bancorp Q4 net income rises

Overview

U.S. bank's Q4 net income rose 58% yr/yr, driven by loan and deposit growth

Net interest margin increased to 2.91%, marking sixth consecutive quarter of growth

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

LOAN AND DEPOSIT GROWTH - Co reported a 5.5% increase in total loans and a 7.2% rise in core deposits, contributing to earnings growth

NET INTEREST MARGIN EXPANSION - Net interest margin increased to 2.91%, marking the sixth consecutive quarter of growth

ASSET QUALITY - Asset quality remains strong with nonperforming assets at 0.19% and total delinquency at 0.14%

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPS$0.26
Q4 Net Income$5.20 mln
Q4 Net Interest Income$18.8 mln
Q4 Dividend$0.07
Q4 Net Interest Margin2.91%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for Western New England Bancorp Inc is $13.50, about 4.8% above its January 26 closing price of $12.88 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago Press Release: ID:nGNX6lDTVG For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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