WESTFIELD, Mass. (AP) — WESTFIELD, Mass. (AP) — Western New England Bancorp (WNEB) on Tuesday reported fourth-quarter earnings of $2.5 million.
The Westfield, Massachusetts-based bank said it had earnings of 12 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The bank holding company posted revenue of $29.5 million in the period. Its revenue net of interest expense was $18.9 million, exceeding Street forecasts. Three analysts surveyed by Zacks expected $18.7 million.
For the year, the company reported profit of $15.1 million, or 70 cents per share. Revenue was reported as $78.8 million.
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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