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Income Statement
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Western New England Bancorp, Inc. (WNEB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on investments  8.15.34.26.17.07.67.711.5
       85.979.882.982.179.074.048.642.5
    Interest expense:  
        Interest on deposits  5.45.513.517.211.78.46.65.6
       18.718.150.465.549.614.611.310.8
Net interest income  79.273.264.458.060.059.437.331.7
Provision for loan losses  0.7-0.97.82.71.91.40.61.3
Net interest income after provision for loan losses  78.574.156.755.358.158.036.730.4
        Deposit and loan fees  9.18.47.17.46.96.44.2 
        Gain on sale of investments, net      -0.30.1  
        Other non-interest income  4.34.22.22.32.62.11.84.9
Total non-interest income  13.312.69.39.79.28.56.04.9
Non-interest expenses  57.254.951.847.846.244.835.327.4
Pre-tax income before non-recurring items  37.431.714.217.221.122.311.57.8
Non-recurring items  2.8    0.54.1 
Pre-tax income  34.631.714.217.221.121.77.47.8
Income taxes  8.78.02.93.94.79.42.62.1
            Tax rate  25.2%25.3%20.8%22.4%22.3%43.4%34.7%27.1%
Net income  25.923.711.213.316.412.34.85.7
            Net margin  28.2%27.3%17.0%20.5%24.4%18.5%11.3%16.2%
   
Basic EPS  $1.18$1.02$0.45$0.51$0.57$0.41$0.25$0.33
Diluted EPS  $1.18$1.02$0.45$0.51$0.57$0.41$0.24$0.33
   
Shares outstanding (basic)  21.923.225.026.228.929.919.717.5
Shares outstanding (diluted)  21.923.325.126.329.030.019.817.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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