Western New England Bancorp, Inc. (WNEB) Cash Flow Statement
Where WNEB’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $18.2M +49.7% vs 2024
- Capital expenditures
- $1.1M 0.8% of revenue
- Free cash flow
- $17.1M 13.2% margin
- Returned to shareholders
- $11.8M 69% of free cash flow
- Change in cash
- −$26.1M cash at year-end $40.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
WNEB operating cash flow, capex and free cash flow
WNEB cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.1M2016 | $18.2M2025 | +36.3%/yr | |
| Capital expenditures | $1.5M2016 | $1.1M2025 | −3.6%/yr | |
| Free cash flow | −$363,0002016 | $17.1M2025 | — | |
| Free cash flow margin | −0.7%2016 | 13.2%2025 | +13.9 pts | |
| Operating cash flow / net income | 0.232016 | 1.192025 | +0.96 | |
| Stock-based compensation | $892,0002016 | $1.1M2025 | +2.2%/yr | |
| Dividends paid | $2.4M2016 | $5.7M2025 | +9.9%/yr | |
| Share buybacks (net) | $1.4M2016 | $6.1M2025 | +18.0%/yr | |
| Capex / revenue | 2.7%2016 | 0.8%2025 | −1.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WNEB cash flow by activity
WNEB net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
WNEB cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $15.3M | $11.7M | $15.1M | $25.9M | $23.7M | $11.2M | $13.3M | $16.4M | $12.3M | $4.8M |
| Depreciation & amortization | $2.5M | $2.6M | $2.6M | $2.7M | $2.7M | $2.5M | $2.5M | $2.4M | $2.3M | $1.5M |
| Stock-based compensation | $1.1M | $2.0M | $2.0M | $1.8M | $2.0M | $1.4M | $1.6M | $1.8M | $1.6M | $892,000 |
| Change in working capital | −$94,000 | −$3.2M | −$5.2M | $3.5M | −$525,000 | $5.9M | −$4.6M | $3.7M | −$5.0M | −$8.5M |
| Other non-cash items | −$530,000 | −$963,000 | $367,000 | $2.2M | −$317,000 | $4.0M | $2.5M | $262,000 | $7.6M | $2.4M |
| Cash from operating activities | $18.2M | $12.2M | $14.8M | $36.1M | $27.5M | $25.1M | $15.4M | $24.6M | $18.9M | $1.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.1M | −$1.2M | −$2.9M | −$1.1M | −$3.5M | −$3.6M | −$1.3M | −$3.3M | −$2.2M | −$1.5M |
| Investments (net) | $337,000 | −$46.6M | $26.4M | $9.5M | −$220.4M | $31.4M | $33.3M | $21.5M | −$38.5M | $10.2M |
| Acquisitions & other investing | −$112.9M | $1.2M | −$37.2M | −$119.6M | $62.2M | −$151.4M | −$80.0M | −$63.9M | −$15.2M | $25.1M |
| Cash from investing activities | −$113.6M | −$46.6M | −$13.7M | −$111.2M | −$161.7M | −$123.6M | −$48.1M | −$45.7M | −$56.0M | $33.9M |
| Financing activities | ||||||||||
| Dividends paid | −$5.7M | −$5.9M | −$6.1M | −$5.3M | −$4.7M | −$5.0M | −$5.3M | −$4.6M | −$3.6M | −$2.4M |
| Share repurchases & issuance (net) | −$6.1M | −$7.6M | −$5.0M | −$6.4M | −$23.3M | −$10.5M | −$19.5M | −$22.9M | −$9.3M | −$1.4M |
| Net borrowing (repayment) | −$17.1M | −$33.4M | $94.2M | $39.9M | −$35.6M | −$183.6M | −$26.7M | −$42.0M | $12.5M | −$48.8M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $106,000 | $114,000 | $0 | $0 |
| Other financing | $98.3M | $118.9M | −$85.7M | −$26.3M | $213.7M | $360.4M | $81.9M | $90.2M | −$5.6M | $74.5M |
| Cash from financing activities | $69.3M | $72.0M | −$2.6M | $2.0M | $150.1M | $161.2M | $30.7M | $20.8M | −$6.0M | $21.9M |
| Summary | ||||||||||
| Net change in cash | −$26.1M | $37.6M | −$1.5M | −$73.1M | $16.0M | $62.7M | −$2.0M | −$343,000 | −$43.1M | $56.5M |
| Cash at end of period | $40.4M | $66.5M | $28.8M | $30.3M | $103.5M | $87.4M | $24.7M | $26.8M | $27.1M | $70.2M |
| Free cash flow | $17.1M | $11.0M | $11.9M | $34.9M | $24.1M | $21.5M | $14.1M | $21.3M | $16.6M | −$363,000 |
| Free cash flow margin | 13.2% | 8.9% | 11.7% | 35.2% | 26.1% | 23.3% | 15.3% | 24.2% | 20.2% | −0.7% |
| Capex / revenue | 0.8% | 1.0% | 2.9% | 1.2% | 3.7% | 3.9% | 1.4% | 3.8% | 2.7% | 2.7% |
| Operating cash flow / net income | 1.19 | 1.04 | 0.98 | 1.39 | 1.16 | 2.24 | 1.15 | 1.50 | 1.53 | 0.23 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $3.6M | $4.8M | $5.2M | $3.2M | $4.6M | $2.3M | $3.3M | $1.9M | $3.5M | $3.0M | $2.5M | $4.5M |
| Depreciation & amortization | $607,000 | $580,000 | $595,000 | $611,000 | $638,000 | $640,000 | $664,000 | $643,000 | $644,000 | $654,000 | $667,000 | $629,000 |
| Stock-based compensation | $343,000 | $21,000 | $796,000 | $461,000 | $471,000 | $300,000 | $482,000 | $453,000 | $449,000 | $657,000 | $402,000 | $418,000 |
| Change in working capital | $561,000 | −$4.6M | −$7.1M | $253,000 | $2.0M | −$4.5M | $2.2M | −$678,000 | −$2.3M | −$2.4M | $4.6M | $2.5M |
| Other non-cash items | $1.5M | −$469,000 | $7.5M | $1.1M | −$862,000 | $45,000 | −$588,000 | $658,000 | −$361,000 | −$672,000 | $698,000 | −$418,000 |
| Cash from operating activities | $6.6M | $346,000 | $7.1M | $5.6M | $6.8M | −$1.2M | $6.1M | $3.0M | $2.0M | $1.2M | $8.9M | $7.6M |
| Investing activities | ||||||||||||
| Capital expenditures | −$768,000 | −$734,000 | −$663,000 | −$259,000 | −$151,000 | −$287,000 | −$815,000 | −$70,000 | −$311,000 | $0 | −$1.4M | −$712,000 |
| Investments (net) | $6.2M | $5.1M | $9.1M | −$33.2M | −$20.9M | −$16.2M | −$18.1M | −$30.3M | $1.3M | $566,000 | −$13.0M | $5.4M |
| Acquisitions & other investing | $8.0M | −$16.3M | −$51.8M | $259,000 | $151,000 | $287,000 | $815,000 | $70,000 | $311,000 | $0 | $1.4M | $712,000 |
| Cash from investing activities | $13.4M | −$11.9M | −$43.3M | −$33.2M | −$20.9M | −$16.2M | −$18.1M | −$30.3M | $1.3M | $566,000 | −$13.0M | $5.4M |
| Financing activities | ||||||||||||
| Dividends paid | −$1.4M | −$1.4M | −$1.4M | −$1.4M | −$1.4M | −$1.4M | −$1.4M | −$1.5M | −$1.5M | −$1.5M | −$1.5M | −$1.5M |
| Share repurchases & issuance (net) | −$2.7M | −$2.8M | −$1.2M | −$24,000 | −$2.8M | −$2.1M | −$2.0M | −$2.1M | −$1.7M | −$1.8M | −$1.9M | −$966,000 |
| Net borrowing (repayment) | −$54.1M | $10.5M | −$14.7M | −$1.1M | −$480,000 | −$870,000 | −$29.3M | −$2.2M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $19.6M | $20.9M | $11.0M | $19.8M | $1.5M | $65.9M | $38.4M | $52.4M | $30.8M | −$4.6M | −$25.9M | $20.0M |
| Cash from financing activities | −$38.5M | $27.3M | −$6.3M | $17.3M | −$3.2M | $61.5M | $5.7M | $46.6M | $27.6M | −$8.0M | −$29.3M | $17.5M |
| Summary | ||||||||||||
| Net change in cash | −$18.5M | $15.8M | −$42.6M | −$10.4M | −$17.3M | $44.1M | −$6.4M | $19.3M | $30.8M | −$6.2M | −$33.4M | $30.6M |
| Cash at end of period | $37.7M | $56.1M | $40.4M | $82.9M | $93.3M | $110.6M | $66.5M | $72.8M | $53.5M | $22.6M | $28.8M | $62.3M |
| Free cash flow | $5.9M | −$388,000 | $6.4M | $5.3M | $6.7M | −$1.2M | $5.2M | $2.9M | $1.7M | $1.2M | $7.5M | $6.9M |
| Free cash flow margin | 17.2% | −1.2% | 19.0% | 16.3% | 20.6% | −4.0% | 15.6% | 9.6% | 5.5% | 4.0% | 25.3% | 23.9% |
| Capex / revenue | 2.2% | 2.2% | 2.0% | 0.8% | 0.5% | 0.9% | 2.4% | 0.2% | 1.0% | 0.0% | 4.7% | 2.5% |
| Operating cash flow / net income | 1.85 | 0.07 | 1.35 | 1.76 | 1.49 | −0.54 | 1.84 | 1.57 | 0.56 | 0.40 | 3.53 | 1.70 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
WNEB cash generation
In fiscal 2025 (ended December 31, 2025), Western New England Bancorp generated $18.2 million of cash from operations (up 49.7%) and spent $1.1 million on capital expenditures, leaving free cash flow of $17.1 million, 13.2% of revenue. It returned $11.8 million to shareholders through dividends ($5.7 million) and net share buybacks ($6.1 million). Cash and equivalents fell by $26.1 million over the year.
Related: WNEB income statement, WNEB balance sheet, WNEB dividend history. See the WNEB stock overview for the latest quote and news.
WNEB cash flow FAQ
What is Western New England Bancorp's free cash flow?
Western New England Bancorp's free cash flow was $17.1 million in fiscal 2025: $18.2 million of operating cash flow minus $1.1 million of capital expenditures It was $11.0 million a year earlier..
How much cash does Western New England Bancorp generate from operations?
Western New England Bancorp generated $18.2 million of cash from operating activities in fiscal 2025, 1.19 times its net income of $15.3 million.
How much does Western New England Bancorp spend on capital expenditures?
Western New England Bancorp spent $1.1 million on capital expenditures in fiscal 2025, 0.8% of revenue, compared with $1.2 million the year before.
How much stock does Western New England Bancorp buy back?
Western New England Bancorp spent $6.1 million on net share repurchases in fiscal 2025.
How much does Western New England Bancorp pay in dividends?
Western New England Bancorp paid $5.7 million in dividends in fiscal 2025, 33.3% of free cash flow.