WNEB Q1 2022 net income $5.3M ($0.24 EPS); loans +3.3%; NIM 3.18%; dividend $0.06

Western New England Bancorp, Inc.

2022-Q1 EPS reported $0.24

Net income $5.3M ($0.24/diluted) vs $5.8M ($0.24) YoY; linked Q4 was $6.2M ($0.28).
Total loans rose $61.6M (3.3%) to $1.9B; ex-PPP loans up $80.8M (4.4%); CRE +$59.5M.
Net interest margin (tax-equiv) improved to 3.20% from 3.10% in Q4 2021.
Declared $0.06 quarterly dividend, payable May 25 to holders of record May 11.
Repurchased 112,674 shares in Q1; 564,645 remaining under buyback plan.

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