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Western New England Bancorp (WNEB) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2023, Western New England Bancorp (WNEB - Free Report) reported revenue of $20 million, down 12.6% over the same period last year. EPS came in at $0.21, compared to $0.28 in the year-ago quarter.

The reported revenue represents a surprise of +4.40% over the Zacks Consensus Estimate of $19.15 million. With the consensus EPS estimate being $0.15, the EPS surprise was +40.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Western New England Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Interest Margin [%]: 2.7% compared to the 2.7% average estimate based on three analysts.
  • Efficiency ratio: 70.6% versus the three-analyst average estimate of 75.6%.
  • Total Non Interest Income: $3.61 million versus the three-analyst average estimate of $2.77 million.
  • Net interest income: $16.38 million versus $16.37 million estimated by three analysts on average.
View all Key Company Metrics for Western New England Bancorp here>>>

Shares of Western New England Bancorp have returned +6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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