secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2022-01-25T23:59:59+00:00
Accession:  0001387131-22-000686
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB reports record net income of $23.7M in 2021; increases quarterly dividend by 20%
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- Net income for Q4 2021 was $6.2M ($0.28 diluted EPS), up 24% from $5.0M ($0.20) in Q4 2020.
- Full-year 2021 net income reached $23.7M ($1.02 EPS), more than double the $11.2M ($0.45) in 2020.
- Quarterly cash dividend increased 20% to $0.06 per share, payable Feb 23, 2022 to holders of record Feb 9.
- Commercial real estate loans grew $146M (17.5%) YoY; core deposits increased $401.5M (27.7%) to 82.1% of total deposits.
- NIM (ex-PPP) was 2.97% for Q4, down slightly from 2.99% linked quarter; stock repurchases totaled 2.76M shares at avg $8.33 in 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122000686/0001387131-22-000686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122000686/wneb-8k_012522.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-000686

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