NasdaqGS:WNEBBanks
Western New England Bancorp (WNEB) Stock Faces Profit Squeeze After 12% Drop
Western New England Bancorp came into this earnings season with a reputation as a slow and steady regional lender, yet the stock just dropped roughly 12% in a single session. That is a sharp move for a community bank that has been posting solid trailing profit margins. The headline this quarter is pressure on profitability. Quarterly basic earnings per share landed at US$0.18 on revenue of US$21.16m, both lower than recent runs, which jarred a market that had been treating the stock as a...