secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001387131-21-007649
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q2 net income $5.7M ($0.24 EPS) vs $2.0M a year ago; declares $0.05 dividend
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- Net income $5.7M ($0.24 diluted EPS) vs $2.0M ($0.08) in Q2 2020; six-month net income $11.4M ($0.47).
- Net interest margin 3.06% (ex-PPP 2.98%) vs 3.24% prior quarter due to excess cash and PPP forgiveness.
- Declares $0.05 per share quarterly cash dividend, payable Aug 25, 2021 to holders of record Aug 11.
- Repurchased 1.3M shares at avg $8.22 in H1 2021; new 2.4M share buyback plan authorized.
- Provision for loan losses reversed to $1.2M credit from $75K provision in Q1; NPLs fell to $6.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713121007649/0001387131-21-007649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713121007649/wneb-8k_072721.htm
  HTML page:      https://secwatch.observer/filing/0001387131-21-007649

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