WNEB FY 2021 Earnings Report — Western New England Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Western New England Bancorp, Inc.WNEB

FY 2021 Earnings

Reported March 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$92M	—	$92M	—	0.3%
Op. Income	$32M	—	$14M	—	124.1%
Gross Margin	93.8%	—	71.5%	—	22.2pp
Net Margin	25.6%	—	12.2%	—	13.5pp
EPS (Diluted)	$1.02	—	$0.45	—	126.7%
Free Cash Flow	$25M	—	$21M	—	17.9%

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$6M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$20M
Operating Expenses	$55M
Cost & Expenses	$61M
OPERATING INCOME	$32M
Interest Income	$80M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$3M
EBIT	$32M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$6M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$20M
Operating Expenses	$55M
Cost & Expenses	$61M
OPERATING INCOME	$32M
Interest Income	$80M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$3M
EBIT	$32M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$644.0K
Other Non-Cash Items	$290.0K
Change in Working Capital	-$525.0K
OPERATING CASH FLOW	$29M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$297M
Sales/Maturities of Investments	$74M
Other Investing Activities	$63M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	-$36M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$5M
Other Financing Activities	$214M
NET CASH FROM FINANCING	$150M
FREE CASH FLOW	$25M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$99M
Short-Term Investments	$194M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$26M
Goodwill	$12M
Intangible Assets	$3M
Long-Term Investments	$2.1B
Tax Assets	$12M
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$58M
TOTAL LIABILITIES	$2.3B
Common Stock	$227.0K
Additional Paid-In Capital	$133M
Retained Earnings	$107M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	-$4M
TOTAL STOCKHOLDERS' EQUITY	$224M
Minority Interest	$0
TOTAL EQUITY	$224M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$22M
Net Debt	-$76M