secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001387131-22-005948
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB reports Q1 2022 EPS $0.24, FY2021 net income $23.7M; core deposits up 27.7%
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- Q1 2022 EPS $0.24; ROAA 0.85%; ROAE 9.65%; NIM tax-equivalent 3.20%.
- FY2021 net income of $23.7M ($1.03 diluted EPS); record profitability.
- Core deposits increased $402M (27.7%) in 2021; low-cost deposit base.
- Commercial real estate loans grew $59.5M (6.1%) in Q1 2022.
- Nonperforming loans/total loans at historical low of 0.21%; allowance coverage 398.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122005948/0001387131-22-005948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122005948/wneb-8k_051122.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-005948

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