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Software Expense at other companies

Ohio Valley Banc Corp logo
Ohio Valley Banc CorpOVBC
$673K+24.4%
First Business Financial Services logo
First Business Financial ServicesFBIZ
$1.92M+19.8%
Citizens Financial Services, Inc. logo
Citizens Financial Services, Inc.CZFS
$455K+5.3%
CVB Financial logo
CVB FinancialCVBF
$4.29M+12.1%
WesBanco logo
WesBancoWSBC
$15.68M+20.1%
The Bancorp logo
The BancorpTBBK
$5.37M+7.1%

Other financials

Income statement

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Revenue$22.3M+21.7%
Net income$4.8M+107%
EPS (diluted)$0.24+118%

Balance sheet

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Cash & equivalents$56.1M-49.2%
Total debt$140.4M+10.7%
Total equity$248.1M+4.4%
Total assets$2.8B+2.0%

Cash flow

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Operating cash flow$346.0K+142%
CapEx$734.0K+156%
Free cash flow-$388.0K+65.2%

Valuation

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Market cap$287.79M+53.7%
Enterprise value$372.07M+69.1%
P/E16.2×+0.7×
P/S3.3×+0.9×

Profitability

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Net margin20.5%+5.4pp
FCF margin38.5%+8.9pp

Returns & leverage

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Return on equity7.3%+2.7pp
Debt / equity0.6×0.0×

Where this comes from

Reported directly by Western New England Bancorp in its filing.

Tagged under the XBRL concept wneb:SoftwareExpense.

The official record: Western New England Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western New England Bancorp's software expense?
Western New England Bancorp (WNEB) reported software expense of $689K in Q1 2026.
How has Western New England Bancorp's software expense changed year-over-year?
Western New England Bancorp's software expense increased by 4.6% year-over-year, from $659K to $689K.
What is the long-term trend for Western New England Bancorp's software expense?
Over 3 years (2022 to 2025), Western New England Bancorp's software expense has grown at a 8.4% compound annual growth rate (CAGR), from $2.07M to $2.64M.
What does software expense mean?
This metric captures the costs associated with licensing, maintaining, and supporting software applications used across the bank's operations. It highlights the organization's reliance on third-party digital tools for banking services, customer management, and internal administrative functions.