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Western New England Bancorp: 3Q Earnings Snapshot

·1 min read

WESTFIELD, Mass. (AP) _ Western New England Bancorp (WNEB) on Tuesday reported third-quarter profit of $2.1 million.

The bank, based in Westfield, Massachusetts, said it had earnings of 8 cents per share.

The bank holding company posted revenue of $22.6 million in the period. Its revenue net of interest expense was $18.2 million, beating Street forecasts.

Western New England Bancorp shares have declined 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.75, a fall of 39% in the last 12 months.

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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