Westfield Financial

On July 1, 1853, the local newspaper in Westfield, Massachusetts carried the news “Westfield Savings Bank – This institution is now ready to transact business.” With that, the organization known today as Westfield Bank was born.
Today we’re among the region’s most innovative banks, with products, services and technologies people expect from bigger banks, delivered by people who have a genuine interest in our customers’ success. While much has changed since our founding, one thing that’s unchanged is our commitment to the communities we serve.

Westfield, US
Size (employees)
164 (est)
Westfield Financial was founded in 1853 and is headquartered in Westfield, US

Westfield Financial Office Locations

Westfield Financial has an office in Westfield
Westfield, US (HQ)
141 Elm St

Westfield Financial Data and Metrics

Westfield Financial Financial Metrics

Westfield Financial's revenue was reported to be $54.6 m in FY, 2016 which is a 28% increase from the previous period.

Revenue (FY, 2016)

54.6 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

43.3 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

4.8 m

EBIT (FY, 2016)

36.7 m

Market capitalization (21-Oct-2016)

137.3 m

Closing share price (21-Oct-2016)


Cash (31-Dec-2016)

70.2 m


364.2 m
Westfield Financial's current market capitalization is $137.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


45.3 m45.5 m42.5 m54.6 m

Revenue growth, %


Cost of goods sold

10.8 m11.3 m

Gross profit

31.7 m43.3 m

Gross profit Margin, %


Operating expense total

26.6 m25.9 m27.4 m35.3 m


31 m29.5 m36.7 m

EBIT margin, %


Interest expense

10.3 m9.9 m

Pre tax profit

8.6 m8 m7.8 m7.4 m

Income tax expense

1.9 m1.9 m2.1 m2.6 m

Net Income

6.8 m6.2 m5.7 m4.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


19.7 m18.8 m13.7 m70.2 m

Accounts Receivable

4.2 m4.2 m3.9 m5.8 m


11 m11.7 m13.6 m20.9 m


13.7 m

Total Assets

1.3 b1.3 b1.3 b2.1 b

Accounts Payable

1.5 b

Total Debt

296.6 m326.5 m281.8 m297.2 m

Total Liabilities

1.8 b

Additional Paid-in Capital

121.9 m111.7 m108.2 m206 m

Retained Earnings

43.2 m45.7 m49.3 m51.7 m

Total Equity

154.1 m142.5 m139.5 m238.4 m

Debt to Equity Ratio

1.9 x2.3 x2 x1.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.1 x

Financial Leverage

8.3 x9.3 x9.6 x8.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.8 m6.2 m5.7 m4.8 m

Accounts Receivable

401 k(12 k)335 k(464 k)

Cash From Operating Activities

14.2 m12.3 m12.1 m1.1 m

Cash From Investing Activities

15 m(45.5 m)(30.9 m)33.9 m

Short-term Borrowings

(21.7 m)45.8 m34.4 m38.9 m

Long-term Borrowings

(66.6 m)(21.7 m)(80.8 m)(89.9 m)

Dividends Paid

(5.9 m)(3.8 m)(2.1 m)(2.4 m)

Cash From Financing Activities

(21.2 m)32.2 m13.7 m21.5 m
USDY, 2016


9.9 x


324.1 x


332.7 k


1.2 x


0.1 x

Financial Leverage

8.7 x

Westfield Financial Online and Social Media Presence

Westfield Financial Company Life and Culture

You may also be interested in