Western New England Bancorp Management
Management criteria checks 4/4
Western New England Bancorp's CEO is Jim Hagan, appointed in Jul 2005, has a tenure of 19.42 years. total yearly compensation is $1.42M, comprised of 49.5% salary and 50.5% bonuses, including company stock and options. directly owns 1.4% of the company’s shares, worth $2.68M. The average tenure of the management team and the board of directors is 7.8 years and 10.6 years respectively.
Key information
Jim Hagan
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 49.5% |
| CEO tenure | 19.4yrs |
| CEO ownership | 1.4% |
| Management average tenure | 7.8yrs |
| Board average tenure | 10.6yrs |
Recent management updates
Recent updates
Western New England Bancorp (NASDAQ:WNEB) Has Affirmed Its Dividend Of $0.07
Jul 27
We Think Shareholders May Want To Consider A Review Of Western New England Bancorp, Inc.'s (NASDAQ:WNEB) CEO Compensation Package
May 03Western New England Bancorp (NASDAQ:WNEB) Is Paying Out A Dividend Of $0.07
Apr 27Western New England Bancorp (NASDAQ:WNEB) Will Pay A Larger Dividend Than Last Year At $0.07
Apr 29With EPS Growth And More, Western New England Bancorp (NASDAQ:WNEB) Makes An Interesting Case
Mar 14Western New England Bancorp (NASDAQ:WNEB) Is Paying Out A Dividend Of $0.06
Nov 01Western New England Bancorp's (NASDAQ:WNEB) Dividend Will Be $0.06
Aug 08Here's Why We Think Western New England Bancorp (NASDAQ:WNEB) Is Well Worth Watching
Jul 28Western New England GAAP EPS of $0.25 in-line, revenue of $22.13M beats by $3.03M
Jul 26Western New England Bancorp's (NASDAQ:WNEB) Dividend Will Be US$0.06
Apr 30Western New England Bancorp (NASDAQ:WNEB) Is Increasing Its Dividend To US$0.06
Jan 29Western New England Bancorp (NASDAQ:WNEB) Has Re-Affirmed Its Dividend Of US$0.05
Nov 01Western New England Bancorp (NASDAQ:WNEB) Is Due To Pay A Dividend Of US$0.05
Jul 31Increases to CEO Compensation Might Be Put On Hold For Now at Western New England Bancorp, Inc. (NASDAQ:WNEB)
May 05Results: Western New England Bancorp, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Apr 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$11m |
| Jun 30 2024 | n/a | n/a | US$13m |
| Mar 31 2024 | n/a | n/a | US$13m |
| Dec 31 2023 | US$1m | US$701k | US$15m |
| Sep 30 2023 | n/a | n/a | US$22m |
| Jun 30 2023 | n/a | n/a | US$23m |
| Mar 31 2023 | n/a | n/a | US$26m |
| Dec 31 2022 | US$1m | US$641k | US$26m |
| Sep 30 2022 | n/a | n/a | US$23m |
| Jun 30 2022 | n/a | n/a | US$23m |
| Mar 31 2022 | n/a | n/a | US$23m |
| Dec 31 2021 | US$1m | US$589k | US$24m |
| Sep 30 2021 | n/a | n/a | US$22m |
| Jun 30 2021 | n/a | n/a | US$19m |
| Mar 31 2021 | n/a | n/a | US$15m |
| Dec 31 2020 | US$1m | US$545k | US$11m |
| Sep 30 2020 | n/a | n/a | US$10m |
| Jun 30 2020 | n/a | n/a | US$11m |
| Mar 31 2020 | n/a | n/a | US$12m |
| Dec 31 2019 | US$1m | US$505k | US$13m |
| Sep 30 2019 | n/a | n/a | US$14m |
| Jun 30 2019 | n/a | n/a | US$14m |
| Mar 31 2019 | n/a | n/a | US$16m |
| Dec 31 2018 | US$753k | US$467k | US$16m |
| Sep 30 2018 | n/a | n/a | US$12m |
| Jun 30 2018 | n/a | n/a | US$12m |
| Mar 31 2018 | n/a | n/a | US$11m |
| Dec 31 2017 | US$699k | US$432k | US$12m |
Compensation vs Market: Jim's total compensation ($USD1.42M) is about average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Hagan (63 yo)
19.4yrs
Tenure
US$1,416,019
Compensation
Mr. James C. Hagan, also known as Jim, has been the Chief Executive Officer of Western New England Bancorp, Inc. (formerly Westfield Financial Inc.) and Westfield Bank since December 31, 2008. Mr. Hagan ha...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.4yrs | US$1.42m | 1.4% $ 2.7m | |
| CFO, Executive VP & Treasurer | 7.7yrs | US$535.34k | 0.34% $ 641.9k | |
| Executive VP & Senior Lender | 19.3yrs | US$597.86k | 0.44% $ 839.1k | |
| Assistant VP & Investment Officer | no data | no data | no data | |
| Senior VP & Chief Information Officer | 8.2yrs | no data | 0.17% $ 316.3k | |
| VP, Controller & Investor Relations Officer | no data | no data | no data | |
| VP & Director of Compliance | no data | no data | no data | |
| Senior VP & General Counsel | 3.9yrs | no data | 0.083% $ 159.0k | |
| Senior Vice President of Retail Banking & Marketing | no data | no data | 0.11% $ 201.5k | |
| Senior VP & Human Resources Director | 4.1yrs | no data | 0.087% $ 167.4k | |
| Senior VP & Chief Risk Officer | 7.7yrs | US$422.86k | 0.47% $ 896.3k | |
| Executive VP & Chief Banking Officer | 7.8yrs | no data | 0.25% $ 476.4k |
7.8yrs
Average Tenure
57yo
Average Age
Experienced Management: WNEB's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.6yrs | US$1.42m | 1.4% $ 2.7m | |
| Independent Director | 8.2yrs | US$56.93k | 0.13% $ 258.5k | |
| Independent Director | 15.6yrs | US$69.23k | 0.24% $ 467.4k | |
| Independent Director | 13.6yrs | US$70.73k | 0.32% $ 618.5k | |
| Independent Director | 8.2yrs | US$51.43k | 0.49% $ 942.2k | |
| Independent Director | 8.2yrs | US$55.43k | 0.30% $ 573.6k | |
| Independent Director | 13.6yrs | US$49.93k | 0.30% $ 565.7k | |
| Independent Director | 10.6yrs | US$51.43k | 0.21% $ 393.9k | |
| Independent Chairperson | 10.6yrs | US$92.73k | 0.25% $ 472.0k |
10.6yrs
Average Tenure
65yo
Average Age
Experienced Board: WNEB's board of directors are seasoned and experienced ( 10.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:21 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Western New England Bancorp, Inc. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | D.A. Davidson & Co. |
| David Bishop | FIG Partners |
| Christopher Marinac | FIG Partners |