secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001387131-22-005324
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122005324/0001387131-22-005324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122005324/wneb-8k_042622.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-005324

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