Western New England Bancorp Q3 2024 10-Q Filed
Ticker: WNEB · Form: 10-Q · Filed: 2024-11-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
WNEB filed its Q3 10-Q. Financials look stable, no major red flags.
AI Summary
Western New England Bancorp, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial figures and balance sheet items are presented, reflecting the company's financial position.
Why It Matters
This filing provides investors and analysts with a detailed look at Western New England Bancorp's financial health and performance during the third quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.
Key Numbers
- 128277 — Total Assets (As of September 30, 2024)
- 40646 — Total Liabilities (As of September 30, 2024)
- 4390 — Total Equity (As of September 30, 2024)
Key Players & Entities
- Western New England Bancorp, Inc. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 20241108 (date) — Filing date of the report
- 141 ELM STREET (location) — Company's business and mailing address
- WESTFIELD (location) — City of the company's address
- MA (location) — State of the company's address
- 01085 (location) — ZIP code of the company's address
FAQ
What were Western New England Bancorp's total assets as of September 30, 2024?
Total assets were $128,277 thousand as of September 30, 2024.
What were the total liabilities for Western New England Bancorp at the end of Q3 2024?
Total liabilities amounted to $40,646 thousand as of September 30, 2024.
What is the company's total equity as reported in the Q3 2024 10-Q?
Total equity was $4,390 thousand as of September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on November 8, 2024.
What is the fiscal year end for Western New England Bancorp?
The fiscal year ends on December 31.
From the Filing
0001999371-24-014440.txt : 20241108 0001999371-24-014440.hdr.sgml : 20241108 20241108160955 ACCESSION NUMBER: 0001999371-24-014440 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241108 DATE AS OF CHANGE: 20241108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Western New England Bancorp, Inc. CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance IRS NUMBER: 731627673 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 241440632 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 413-568-1911 MAIL ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 FORMER COMPANY: FORMER CONFORMED NAME: WESTFIELD FINANCIAL INC DATE OF NAME CHANGE: 20010816 10-Q 1 wneb-10q_093024.htm QUARTERLY REPORT false 2024 Q3 --12-31 0001157647 128277 40646 294000 55000 271000 382000 4312 5999 4873 6421 12487 P3Y P1Y P3Y P3Y P3Y P3Y 128277 40646 4390 http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities 0001157647 2024-01-01 2024-09-30 0001157647 2024-11-01 0001157647 2024-09-30 0001157647 2023-12-31 0001157647 2024-07-01 2024-09-30 0001157647 2023-07-01 2023-09-30 0001157647 2023-01-01 2023-09-30 0001157647 us-gaap:CommonStockMember 2023-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-12-31 0001157647 us-gaap:RetainedEarningsMember 2023-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001157647 us-gaap:CommonStockMember 2022-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2022-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-12-31 0001157647 us-gaap:RetainedEarningsMember 2022-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001157647 2022-12-31 0001157647 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2024-01-01 2024-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2024-01-01 2024-03-31 0001157647 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001157647 2024-01-01 2024-03-31 0001157647 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001157647 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2024-04-01 2024-06-30 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2024-04-01 2024-06-30 0001157647 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0001157647 2024-04-01 2024-06-30 0001157647 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001157647 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2024-07-01 2024-09-30 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2024-07-01 2024-09-30 0001157647 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001157647 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-01-01 2023-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-01-01 2023-03-31 0001157647 us-gaap:RetainedEar