secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001387131-22-007967
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q2 net income $5.5M ($0.25 EPS), expands NIM to 3.24%, declares $0.06 dividend and new 5% buyback plan
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- Q2 net income $5.5M vs $5.7M a year ago; diluted EPS $0.25 ($0.24 in Q2 2021).
- Net interest margin rose to 3.24% from 3.06% a year ago; tax-equivalent NIM 3.26%.
- Board declared $0.06 quarterly dividend, payable Aug 24 to holders of record Aug 10.
- Authorized new repurchase plan for up to 1.1M shares (~5% of outstanding), starts after completion of 2021 plan.
- Total loans ex-PPP up $133.7M (7.3%) from year-end; commercial real estate loans up 9.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122007967/0001387131-22-007967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122007967/wneb-8k_072622.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-007967

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