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Western New England Bancorp: 2Q Earnings Snapshot

July 24, 2018

WESTFIELD, Mass. (AP) _ Western New England Bancorp (WNEB) on Tuesday reported second-quarter profit of $5.1 million.

The Westfield, Massachusetts-based bank said it had earnings of 18 cents per share. Earnings, adjusted for pretax gains, came to 17 cents per share.

The bank holding company posted revenue of $23.4 million in the period. Its revenue net of interest expense was $18.8 million, surpassing Street forecasts.

Western New England Bancorp shares have risen almost 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.10, a rise of 10 percent in the last 12 months.


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

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