Western New England Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:39 pm EDT
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Western New England Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 19.39 million compared to USD 17.8 million a year ago. Net income was USD 5.54 million compared to USD 5.65 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.24 a year ago.
For the six months, net interest income was USD 38.09 million compared to USD 35.83 million a year ago. Net income was USD 10.85 million compared to USD 11.44 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.47 a year ago.
Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company. The Company is the parent company of Westfield Bank (the Bank), CSB Colts, Inc. (CSB Colts), Elm Street Securities Corporation (Elm), WFD Securities, Inc. (WFD) and WB Real Estate Holdings, LLC (WB). The Bank is a full-service, community oriented financial institution offering a full range of commercial and retail products and services as well as wealth management financial products. The Bank also provides a variety of banking services, including telephone and online banking, remote deposit capture, cash management services, overdraft facilities, night deposit services, and safe deposit facilities. CSB Colts, Elm, and WFD are engaged in holding qualified securities. WB is engaged in holding other real estate owned (OREO). The Bank operates about 25 banking offices in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, and others.
WESTERN NEW ENGLAND BANCORP, INC. 
