Western New England Bancorp: Q2 Earnings Snapshot
WESTFIELD, Mass. (AP) — WESTFIELD, Mass. (AP) — Western New England Bancorp (WNEB) on Tuesday reported second-quarter net income of $3.5 million.
The bank, based in Westfield, Massachusetts, said it had earnings of 17 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The bank holding company posted revenue of $30.6 million in the period. Its revenue net of interest expense was $18.3 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $18.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WNEB at https://www.zacks.com/ap/WNEB
