Western New England Bancorp (Western New England Bancorp) Total Assets : $2,564.57 Mil (As of Dec. 2023)

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What is Western New England Bancorp Total Assets?

Western New England Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,564.57 Mil.

During the past 12 months, Western New England Bancorp's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 4.90% per year. During the past 5 years, the average Total Assets Growth Rate was 6.00% per year. During the past 10 years, the average Total Assets Growth Rate was 9.50% per year.

During the past 13 years, Western New England Bancorp's highest 3-Year average Total Assets Growth Rate was 20.20%. The lowest was -16.80%. And the median was 6.90%.

Total Assets is connected with ROA %. Western New England Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was 0.39%. Total Assets is also linked to Revenue through Asset Turnover. Western New England Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Western New England Bancorp Total Assets Historical Data

The historical data trend for Western New England Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Western New England Bancorp Total Assets Chart

Western New England Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2,181.48

2,365.89

2,538.43

2,553.15

2,564.57

Western New England Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2,553.15	2,562.02	2,562.28	2,585.01	2,564.57

Western New England Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Western New England Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	237.409	+	2327.162
	=	2,564.57

Western New England Bancorp's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	237.409	+	2327.162
	=	2,564.57

Western New England Bancorp (NAS:WNEB) Total Assets Explanation

Total Assets is connected with ROA %.

Western New England Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	10.044	/	( (2585.005	+	2564.571)	/ 2 )
	=	10.044	/	2574.788
	=	0.39 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Western New England Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	18.89	/	( (2585.005	+	2564.571)	/ 2 )
=	18.89	/	2574.788
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Western New England Bancorp Total Assets Related Terms

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Western New England Bancorp (Western New England Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western New England Bancorp Inc (NAS:WNEB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

489:Germany

Address

141 Elm Street, Westfield, MA, USA, 01085

Website

https://www.westfieldbank.com

Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.

Executives

Steven G. Richter	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01144
Miles Allen J Iii	officer: EVP & Senior Lender	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Filipe B Goncalves	officer: SVP & Associate CCO	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Laura Benoit	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
John E Bonini	officer: SVP, General Counsel	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Kevin C O'connor	officer: EVP & Chief Banking Officer	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Guida R Sajdak	officer: EVP & Chief Financial Officer	70 CENTER STREET, CHICOPEE MA 01013
James C Hagan	director, officer: President and CEO	C/O WESTFIELD FINANCIAL INC, 141 ELM STREET, WESTFIELD MA 01085
Daniel A Marini	officer: SVP Retail Banking & Marketing	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Gorman Louis O Iii	officer: SVP & Chief Credit Officer	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Philip R Smith	director	C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Darlene M Libiszewski	officer: SVP, Chief Information Officer	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Christine Phillips	officer: SVP, HR Director	C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01086
Gregg F Orlen	director	C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013
William D Masse	director	C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013