secwatch.observer — SEC 8-K summary
======================================

Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001387131-21-010332
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q3 net income $6.0M ($0.27 EPS), up 187% YoY; declares $0.05 dividend
--------------------------------------------------------------------------

- Net income $6.0M ($0.27 diluted EPS) vs $2.1M ($0.08) in Q3 2020, up 187% YoY; linked $5.7M ($0.24) in Q2 2021.
- Net interest margin expanded to 3.18% from 2.81% YoY; net interest income $18.8M, +17.4% YoY.
- Declared quarterly cash dividend $0.05 per share, payable Nov 24, 2021 to record Nov 10, 2021.
- Credit quality improved: nonperforming loans $5.6M (0.32% ex-PPP) vs $9.2M a year ago; $100k credit provision.
- Repurchased 1.22M shares in Q3; 2.6M shares at avg $8.29 in nine months; 869k shares remain under 2021 Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713121010332/0001387131-21-010332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713121010332/wneb-8k_102621.htm
  HTML page:      https://secwatch.observer/filing/0001387131-21-010332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer