Tearsheet

Western New England Bancorp (WNEB)


Market Price (2/23/2026): $13.845 | Market Cap: $278.4 Mil
Sector: Financials | Industry: Regional Banks

Western New England Bancorp (WNEB)


Market Price (2/23/2026): $13.845
Market Cap: $278.4 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.1%, FCF Yield is 5.8%
Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.1%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
Weak multi-year price returns
3Y Excs Rtn is -9.4%
Key risks
WNEB key risks include [1] a significant dependency on brokered and reciprocal deposits for liquidity, Show more.
2 Low stock price volatility
Vol 12M is 33%
  
3 Megatrend and thematic drivers
Megatrends include Community Financial Services. Themes include Local Retail & Commercial Lending, and Accessible Digital Banking.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.1%, FCF Yield is 5.8%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
2 Low stock price volatility
Vol 12M is 33%
3 Megatrend and thematic drivers
Megatrends include Community Financial Services. Themes include Local Retail & Commercial Lending, and Accessible Digital Banking.
4 Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%
5 Weak multi-year price returns
3Y Excs Rtn is -9.4%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.1%
7 Key risks
WNEB key risks include [1] a significant dependency on brokered and reciprocal deposits for liquidity, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Western New England Bancorp (WNEB) stock has gained about 25% since 10/31/2025 because of the following key factors:

1. Strong Fourth Quarter 2025 Earnings Exceeding Expectations: Western New England Bancorp reported a net income of $5.2 million, or $0.26 per diluted share, for the fourth quarter of 2025, marking a significant increase from $3.3 million, or $0.16 per diluted share, in the same period of 2024. This performance included revenue net of interest expense of $22 million, which surpassed Street forecasts of $21.8 million, resulting in a positive surprise of 0.95%. The company also delivered an earnings per share (EPS) surprise of 23.81% against a consensus estimate of $0.21.

2. Consistent Growth in Net Interest Income and Expanded Net Interest Margin: The company achieved a notable increase in net interest income, which rose by $3.6 million, or 23.3%, to $18.8 million for the fourth quarter of 2025, compared to $15.3 million in the fourth quarter of 2024. Concurrently, its net interest margin expanded to 2.89% for the quarter, an increase of 48 basis points from 2.41% in the prior year. This represents the sixth consecutive quarter of growth for both net interest income and net interest margin.

Show more

Stock Movement Drivers

Fundamental Drivers

The 23.2% change in WNEB stock from 10/31/2025 to 2/22/2026 was primarily driven by a 10.9% change in the company's P/E Multiple.
(LTM values as of)103120252222026Change
Stock Price ($)11.2513.8523.2%
Change Contribution By: 
Total Revenues ($ Mil)76804.5%
Net Income Margin (%)15.8%16.8%5.7%
P/E Multiple18.820.910.9%
Shares Outstanding (Mil)20200.5%
Cumulative Contribution23.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/22/2026
ReturnCorrelation
WNEB23.2% 
Market (SPY)1.1%24.2%
Sector (XLF)0.2%44.8%

Fundamental Drivers

The 32.3% change in WNEB stock from 7/31/2025 to 2/22/2026 was primarily driven by a 11.9% change in the company's Net Income Margin (%).
(LTM values as of)73120252222026Change
Stock Price ($)10.4713.8532.3%
Change Contribution By: 
Total Revenues ($ Mil)74808.3%
Net Income Margin (%)15.0%16.8%11.9%
P/E Multiple19.420.97.6%
Shares Outstanding (Mil)20201.4%
Cumulative Contribution32.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/22/2026
ReturnCorrelation
WNEB32.3% 
Market (SPY)9.4%33.0%
Sector (XLF)0.6%53.4%

Fundamental Drivers

The 51.8% change in WNEB stock from 1/31/2025 to 2/22/2026 was primarily driven by a 19.7% change in the company's P/E Multiple.
(LTM values as of)13120252222026Change
Stock Price ($)9.1213.8551.8%
Change Contribution By: 
Total Revenues ($ Mil)73808.6%
Net Income Margin (%)14.8%16.8%12.9%
P/E Multiple17.420.919.7%
Shares Outstanding (Mil)21203.4%
Cumulative Contribution51.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/22/2026
ReturnCorrelation
WNEB51.8% 
Market (SPY)15.6%52.2%
Sector (XLF)3.0%61.7%

Fundamental Drivers

The 58.1% change in WNEB stock from 1/31/2023 to 2/22/2026 was primarily driven by a 152.6% change in the company's P/E Multiple.
(LTM values as of)13120232222026Change
Stock Price ($)8.7613.8558.1%
Change Contribution By: 
Total Revenues ($ Mil)8880-10.0%
Net Income Margin (%)26.1%16.8%-35.7%
P/E Multiple8.320.9152.6%
Shares Outstanding (Mil)22208.2%
Cumulative Contribution58.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/22/2026
ReturnCorrelation
WNEB58.1% 
Market (SPY)75.9%38.2%
Sector (XLF)50.1%51.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WNEB Return30%11%-1%6%41%10%134%
Peers Return18%-30%30%1%22%8%44%
S&P 500 Return27%-19%24%23%16%0%83%

Monthly Win Rates [3]
WNEB Win Rate50%42%67%50%58%100% 
Peers Win Rate33%47%58%44%80%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
WNEB Max Drawdown-8%-16%-39%-32%-14%-2% 
Peers Max Drawdown-8%-38%-27%-17%-7%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, CBC, HYNE, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)

How Low Can It Go

Unique KeyEventWNEBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-43.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven78.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven783 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-51.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven106.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven534 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-23.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven2,161 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-30.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven43.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven5,693 days1,480 days

Compare to NEWT, ATLO, CBC, HYNE, NU

In The Past

Western New England Bancorp's stock fell -43.9% during the 2022 Inflation Shock from a high on 2/7/2023. A -43.9% loss requires a 78.3% gain to breakeven.

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About Western New England Bancorp (WNEB)

Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.

AI Analysis | Feedback

Western New England Bancorp (WNEB) is like:

  • A local Bank of America for Western Massachusetts and Northern Connecticut.

  • KeyBank, but focused on Western Massachusetts and Northern Connecticut.

AI Analysis | Feedback

  • Deposit Accounts: The bank offers various accounts such as checking, savings, money market, and certificates of deposit to help individuals and businesses manage and save their money.
  • Commercial Loans: These loans provide financing solutions to businesses for real estate, working capital, equipment purchases, and other operational needs.
  • Residential Mortgage Loans: The bank provides loans to individuals for the purchase or refinancing of residential properties.
  • Consumer Loans: These include personal loans, auto loans, and home equity lines of credit, offering financing to individuals for various personal needs.

AI Analysis | Feedback

Western New England Bancorp (symbol: WNEB) is the holding company for Westfield Bank, a community bank primarily serving individuals and businesses in its operating regions. As such, it does not have "major customers" in the traditional sense of a manufacturing or service company selling to a few large corporate clients. Instead, its customer base is diverse and categorized as follows:

  • Retail Banking Customers (Individuals): This category includes individual consumers who utilize the bank for a wide range of personal financial services. These services typically include checking accounts, savings accounts, money market accounts, certificates of deposit, residential mortgage loans, home equity loans and lines of credit, and various other consumer loans (e.g., auto loans, personal loans).
  • Commercial Banking Customers (Businesses): This category encompasses small to medium-sized businesses and commercial enterprises. The bank provides them with business checking and savings accounts, commercial real estate loans, commercial and industrial loans (including lines of credit and term loans), treasury management services, and other business-focused financial products.
  • Municipal and Non-Profit Customers: Community banks often serve local governmental entities (municipalities) and non-profit organizations within their service areas. This can include providing banking services for their operational funds, facilitating payroll, and offering specialized credit products for municipal projects or non-profit initiatives.

AI Analysis | Feedback

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Here is the management team for Western New England Bancorp (WNEB):

James C. Hagan, President and Chief Executive Officer

Mr. Hagan has been the Chief Executive Officer of Western New England Bancorp since December 31, 2008, and President since June 2005. He also serves as a director on the company's Board since 2009. Prior to his CEO role, he was Chief Operating Officer from June 2005 to December 2008. Before that, he held the positions of Senior Vice President and Commercial Loan Department Manager starting in 1998, and Vice President from 1994. His career before 1994 included working as a commercial lender and manager at other New England-based banking institutions.

Guida R. Sajdak, Executive Vice President, Chief Financial Officer, and Treasurer

Mrs. Sajdak was appointed Chief Financial Officer and Treasurer in April 2017 and Executive Vice President in October 2016. She served as Chief Risk Officer from October 2016 to April 2017. Before October 2016, Mrs. Sajdak was Senior Vice President, Chief Financial Officer, and Treasurer of the legacy Chicopee Bancorp, Inc. and legacy Chicopee Savings Bank since 2010. She has been with Chicopee Savings Bank in various roles since 1989, including Internal Auditor and Commercial Lender.

Kevin C. O'Connor, Executive Vice President and Chief Banking Officer

Mr. O'Connor was appointed Executive Vice President and Chief Banking Officer in February 2017. He previously served as Senior Vice President of Retail Banking since February 2015 and as Vice President since 2010. With over twenty-five years of experience in retail and branch banking, Mr. O'Connor has held positions as Vice President and regional manager of retail banking and sales, including small business sales, at both national and regional banking institutions.

Allen J. Miles, III, Executive Vice President and Senior Lender

Mr. Miles was appointed Executive Vice President in December 2008 and currently serves as the Bank's Senior Lender. Before this role, he was Senior Vice President and Senior Lender of the Company and the Bank starting in August 2005. From 1998 to 2005, Mr. Miles served as Vice President and Commercial Loan Officer.

Leo R. Sagan, Jr., Senior Vice President and Chief Risk Officer

Mr. Sagan was appointed Senior Vice President and Chief Risk Officer in 2017. Prior to this, he served as Chief Financial Officer since December 2008. His earlier roles include Vice President and Controller from 2003 to 2008, Controller from 2002 to 2003, and Assistant Treasurer from 1999 to 2002. He is a Certified Risk Professional and an Nstitute Certified Vendor Management Professional.

AI Analysis | Feedback

Western New England Bancorp (WNEB) faces several key risks inherent to the banking industry and its specific operations. The most significant risks include:
  1. Liquidity Risk and Dependency on Brokered and Reciprocal Deposits: Western New England Bancorp exhibits significant exposure to liquidity risk, primarily stemming from its reliance on brokered and reciprocal deposits. As of December 31, 2023, the company had brokered time deposits totaling $1.7 million and substantial involvement in reciprocal deposit programs, with $28.7 million in CDARS and $35.1 million in ICS network deposits. While reciprocal deposits are not classified as brokered deposits under recent reforms, a heavy reliance on such funding sources can impact the company's liquidity and operational outcomes, particularly in a stressed financial environment, and could lead to increased cost of funds and potential regulatory scrutiny.
  2. Exposure to a Prolonged High-Interest Rate Environment and Credit Loss Provisions: A prolonged high-interest rate environment significantly impacts the bank's loan portfolio and overall financial performance. This can lead to increased funding costs and potentially affect the quality of its loan portfolio. The company's Q3 2025 results, for example, showed a higher provision for credit losses, which hit $1.3 million, largely tied to growth in its commercial real estate (CRE) portfolio. Economic downturns and volatility in financial markets would likely exacerbate these issues, adversely affecting the company's business, financial condition, and results of operations.
  3. Operational Risks, Particularly Cybersecurity: The company, like all financial institutions, is exposed to various operational risks, with cybersecurity being a prominent concern. Failures in internal processes, people, and systems, or from external events, including cyberattacks, could lead to financial losses, reputational damage, and disruption of services.

AI Analysis | Feedback

The increasing market penetration and sophistication of digitally native banks (neobanks) and specialized financial technology (Fintech) companies. These entities leverage technology to offer streamlined, often lower-cost, and highly convenient banking services such as online-only accounts, instant payment transfers, and simplified loan applications. This trend threatens to erode traditional deposit bases, loan origination opportunities, and customer relationships, particularly among younger, digitally-savvy demographics who prioritize technological convenience and seamless user experience over physical branch presence.

AI Analysis | Feedback

Western New England Bancorp (WNEB) primarily operates through its subsidiary, Westfield Bank, offering a range of commercial and retail banking products and services, as well as wealth management products. The company's main operating region includes Hampden County and Hampshire County in western Massachusetts and northern Connecticut.

The addressable markets for Western New England Bancorp's main products and services are as follows:

  • Commercial Banking and Lending: The market size for the Commercial Banking industry in Massachusetts is estimated to be $34.3 billion in 2025. Globally, the commercial lending market was valued at $9.7 trillion in 2023 and is projected to grow to $23.06 trillion by 2032.
  • Retail Banking: The United States retail banking market is valued at $0.87 trillion in 2025 and is forecasted to reach $1.08 trillion by 2030, growing at a CAGR of 4.22% during this period.
  • Wealth Management: Market size information for wealth management specifically for Western New England Bancorp's defined operating region (western Massachusetts and northern Connecticut) is not readily available.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Western New England Bancorp (WNEB) over the next 2-3 years:

1. Growth in Commercial and Industrial (C&I) and Residential Real Estate Loans: Western New England Bancorp has demonstrated a strategic focus on increasing its loan portfolio, particularly within commercial and industrial (C&I) and residential real estate segments. In the third quarter of 2025, total loans increased by 2.9%, driven by a 3.0% rise in commercial real estate loans and a 2.8% increase in residential real estate loans. This trend was also evident in the second quarter of 2025, with a 10.8% increase in commercial and industrial loans and a 3.8% increase in residential real estate loans, including home equity loans, since the year-end. Continued expansion in these loan categories is expected to be a primary contributor to future interest income.

2. Net Interest Margin (NIM) Expansion: The company has successfully expanded its net interest margin through disciplined management of funding costs. The net interest margin improved to 2.81% in Q3 2025, up from 2.40% in Q3 2024, by decreasing the cost of interest-bearing liabilities and reducing reliance on time deposits. This positive trend in NIM, supported by increasing loan yields and effective funding strategies, is anticipated to enhance net interest income and drive overall revenue growth.

3. Core Deposit Growth: A strong and diversified core deposit base provides a stable and lower-cost funding source for lending activities, directly impacting net interest income. Western New England Bancorp reported a 6.3% increase in core deposits from year-end in the third quarter of 2025. This growth in core deposits allows the bank to fund its loan growth more efficiently, thereby supporting revenue expansion.

4. Growth in Non-Interest Income: While a smaller component of overall revenue compared to net interest income, growth in non-interest income can contribute to diversification and overall revenue expansion. The company saw a modest 1.0% year-over-year increase in non-interest income in the third quarter of 2025. Continued efforts to generate revenue from fees and other non-interest sources could incrementally drive future revenue.

5. Improved Efficiency Ratio: Although primarily an indicator of cost management, an improving efficiency ratio indirectly supports sustainable revenue growth by making the existing revenue more impactful and potentially freeing up resources for revenue-generating initiatives. Western New England Bancorp's efficiency ratio improved to 74.2% in Q3 2025 from 80.6% in Q3 2024. This operational improvement indicates better profitability from current revenue levels and provides a stronger foundation for future growth.

AI Analysis | Feedback

Share Repurchases

  • On June 3, 2025, Western New England Bancorp completed its 2024 Repurchase Plan, having repurchased 1.0 million shares at an average price of $8.79 per share.
  • On April 22, 2025, the Board of Directors authorized a new 2025 stock repurchase plan, allowing for the repurchase of up to 1.0 million shares, which is approximately 4.8% of the company's outstanding common stock.
  • As of October 28, 2025, the company had repurchased 499,853 shares year-to-date under the 2025 plan at an average price of $9.31 per share, with 972,465 shares remaining available under this authorization.

Capital Expenditures

  • Western New England Bancorp's latest trailing twelve months (TTM) Capital Expenditure (CapEx) Compound Annual Growth Rate (CAGR) for three years stood at 16.69%.
  • Over the past five years, the average CapEx CAGR for three years was -5.84%, with a median of -6.38%.
  • Capital expenditures for a bank typically include investments in physical assets such as equipment, facilities, buildings, and technology to support and expand operations.

Latest Trefis Analyses

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Trade Ideas

Select ideas related to WNEB.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
FDS_1302026_Dip_Buyer_FCFYield01302026FDSFactSet Research SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-19.1%-19.1%-23.8%
PFSI_1302026_Dip_Buyer_ValueBuy01302026PFSIPennyMac Financial ServicesDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-7.6%-7.6%-9.2%
FIS_1232026_Dip_Buyer_FCFYield01232026FISFidelity National Information ServicesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-22.6%-22.6%-22.6%
MORN_1022026_Dip_Buyer_ValueBuy01022026MORNMorningstarDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-23.9%-23.9%-26.8%
ABR_1022026_Short_Squeeze01022026ABRArbor Realty TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-2.9%-2.9%-6.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

WNEBNEWTATLOCBCHYNENUMedian
NameWestern .NewtekOneAmes Nat.Central .Hoyne Ba.Nu  
Mkt Price13.8512.9727.85-14.6917.5314.69
Mkt Cap0.30.30.2--84.80.3
Rev LTM8026963-149,60080
Op Inc LTM-------
FCF LTM16-52019--23,66616
FCF 3Y Avg17-22916--1,96816
CFO LTM17-51920--14,04017
CFO 3Y Avg18-22818--2,18818

Growth & Margins

WNEBNEWTATLOCBCHYNENUMedian
NameWestern .NewtekOneAmes Nat.Central .Hoyne Ba.Nu  
Rev Chg LTM8.6%21.8%18.0%--22.3%19.9%
Rev Chg 3Y Avg-3.1%31.6%0.3%--62.1%15.9%
Rev Chg Q19.8%20.7%22.9%-37.1%30.2%22.9%
QoQ Delta Rev Chg LTM4.5%4.7%5.2%-7.8%7.1%5.2%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM21.6%-193.4%31.5%--10.8%42.1%21.6%
CFO/Rev 3Y Avg23.1%-91.8%31.1%--21.7%22.4%
FCF/Rev LTM20.3%-193.4%30.8%--15.9%38.2%20.3%
FCF/Rev 3Y Avg21.5%-91.9%27.1%--18.7%20.1%

Valuation

WNEBNEWTATLOCBCHYNENUMedian
NameWestern .NewtekOneAmes Nat.Central .Hoyne Ba.Nu  
Mkt Cap0.30.30.2--84.80.3
P/S3.51.23.9--8.83.7
P/EBIT-------
P/E20.95.615.5--33.518.2
P/CFO16.2-0.612.5--21.014.3
Total Yield6.9%17.9%9.4%--3.0%8.1%
Dividend Yield2.1%0.0%2.9%--0.0%1.0%
FCF Yield 3Y Avg8.2%-76.6%8.6%--2.8%5.5%
D/E0.42.30.1--0.00.3
Net D/E0.11.6-1.2---0.3-0.1

Returns

WNEBNEWTATLOCBCHYNENUMedian
NameWestern .NewtekOneAmes Nat.Central .Hoyne Ba.Nu  
1M Rtn9.2%-5.3%14.8%-1.4%-2.8%1.4%
3M Rtn15.9%30.2%31.0%-4.9%10.3%15.9%
6M Rtn13.2%7.4%42.7%-4.9%25.8%13.2%
12M Rtn52.2%9.9%57.0%-4.9%62.0%52.2%
3Y Rtn51.7%-18.7%30.0%-4.9%258.5%30.0%
1M Excs Rtn4.2%-6.6%13.3%-0.1%1.2%1.2%
3M Excs Rtn16.4%30.6%29.6%-0.5%10.0%16.4%
6M Excs Rtn9.7%3.5%39.5%--3.1%20.7%9.7%
12M Excs Rtn35.4%-5.3%41.8%--7.5%17.6%17.6%
3Y Excs Rtn-9.4%-90.0%-35.0%--62.1%183.5%-35.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment7993867468
Total7993867468


Price Behavior

Price Behavior
Market Price$13.85 
Market Cap ($ Bil)0.3 
First Trading Date05/02/2002 
Distance from 52W High-3.3% 
   50 Days200 Days
DMA Price$13.18$11.40
DMA Trendupup
Distance from DMA5.1%21.5%
 3M1YR
Volatility24.0%32.7%
Downside Capture-39.2254.22
Upside Capture54.8588.63
Correlation (SPY)24.1%52.1%
WNEB Betas & Captures as of 1/31/2026

 1M2M3M6M1Y3Y
Beta1.130.840.620.820.900.79
Up Beta4.823.391.452.230.770.78
Down Beta1.671.150.760.861.251.01
Up Capture43%52%85%66%89%38%
Bmk +ve Days11223471142430
Stock +ve Days11203160120343
Down Capture-113%-37%-17%-2%72%86%
Bmk -ve Days9192754109321
Stock -ve Days8202861122362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WNEB
WNEB48.1%32.6%1.23-
Sector ETF (XLF)1.6%19.4%-0.0462.4%
Equity (SPY)13.5%19.4%0.5352.1%
Gold (GLD)74.5%25.6%2.15-5.0%
Commodities (DBC)7.2%16.9%0.258.8%
Real Estate (VNQ)7.1%16.7%0.2446.8%
Bitcoin (BTCUSD)-29.7%44.9%-0.6512.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WNEB
WNEB16.4%30.3%0.54-
Sector ETF (XLF)12.6%18.7%0.5448.0%
Equity (SPY)13.4%17.0%0.6234.7%
Gold (GLD)22.6%17.1%1.082.9%
Commodities (DBC)10.9%19.0%0.4613.9%
Real Estate (VNQ)5.0%18.8%0.1732.0%
Bitcoin (BTCUSD)7.4%57.1%0.3511.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WNEB
WNEB8.8%35.4%0.34-
Sector ETF (XLF)14.7%22.2%0.6156.1%
Equity (SPY)16.1%17.9%0.7744.5%
Gold (GLD)14.8%15.6%0.79-0.6%
Commodities (DBC)8.6%17.6%0.4015.3%
Real Estate (VNQ)7.0%20.7%0.3042.6%
Bitcoin (BTCUSD)68.0%66.7%1.0711.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date1302026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 1152026-7.1%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest6.2 days
Basic Shares Quantity20.1 Mil
Short % of Basic Shares1.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/27/2026   
10/28/20250.1%0.7%9.0%
7/22/202512.4%8.9%17.9%
4/22/20252.3%3.2%4.7%
1/28/20254.7%5.3%9.7%
10/23/20240.3%0.3%5.3%
7/23/20240.5%-1.9%1.0%
4/23/20241.1%-6.4%7.4%
...
SUMMARY STATS   
# Positive201717
# Negative477
Median Positive2.0%3.4%8.5%
Median Negative-2.4%-2.3%-1.8%
Max Positive12.4%12.9%29.6%
Max Negative-5.8%-20.3%-19.8%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/10/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/07/202410-Q
12/31/202303/08/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202103/11/202210-K

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Libiszewski, Darlene MSVP, Chief Information OfficerDirectSell905202512.393,60044,604198,785Form
2Smith, Philip R DirectSell731202510.794,00043,155113,249Form