Western New England Bancorp: Q3 Earnings Snapshot

WESTFIELD, Mass. (AP) — WESTFIELD, Mass. (AP) — Western New England Bancorp (WNEB) on Tuesday reported third-quarter earnings of $4.5 million.

The bank, based in Westfield, Massachusetts, said it had earnings of 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The bank holding company posted revenue of $29.5 million in the period. Its revenue net of interest expense was $20 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $19.2 million.

_____

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