Western New England Bancorp Files 2024 10-K
Ticker: WNEB · Form: 10-K · Filed: Mar 10, 2025 · CIK: 1157647
| Field | Detail |
|---|---|
| Company | Western New England Bancorp, Inc. (WNEB) |
| Form Type | 10-K |
| Filed Date | Mar 10, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, annual-report
TL;DR
WNEB filed its 2024 10-K: $1.25B assets, $1.14B liabilities. All good.
AI Summary
Western New England Bancorp, Inc. filed its 2024 10-K report on March 10, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly Westfield Financial Inc., is a federally chartered savings institution. Key financial data for the period includes total assets of $1.25 billion and total liabilities of $1.14 billion.
Why It Matters
This filing provides a comprehensive overview of Western New England Bancorp's financial health and operational performance for the past fiscal year, crucial for investors and stakeholders to assess its stability and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or significant risks.
Key Numbers
- $1.25B — Total Assets (As of December 31, 2024)
- $1.14B — Total Liabilities (As of December 31, 2024)
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-10 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Western New England Bancorp, Inc. (company) — Filer of the 10-K
- Westfield Financial Inc. (company) — Former name of the filer
- 141 Elm Street, Westfield, MA 01085 (location) — Business and mailing address
- $1.25B (dollar_amount) — Total assets for fiscal year 2024
- $1.14B (dollar_amount) — Total liabilities for fiscal year 2024
FAQ
What was Western New England Bancorp's total interest income for the fiscal year ended December 31, 2024?
The filing indicates a total interest income of $18.773 million for the fiscal year ended December 31, 2024.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Western New England Bancorp, Inc. is 6035, which corresponds to Savings Institution, Federally Chartered.
When did the company change its name from Westfield Financial Inc.?
The company's name was changed from Westfield Financial Inc. on August 16, 2001.
What was the total amount of financing receivables excluding accrued interest after allowance for credit losses as of December 31, 2024?
The amount for financing receivables excluding accrued interest after allowance for credit losses as of December 31, 2024, was $1.143 billion.
What is the company's IRS number?
The IRS number for Western New England Bancorp, Inc. is 731627673.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 10, 2025 regarding Western New England Bancorp, Inc. (WNEB).