secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001387131-22-010694
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q3 net income $6.0M ($0.28 EPS); loans up 7.7%, dividend $0.06
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- Net income Q3 2022: $6.0M ($0.28 diluted EPS) vs $6.0M ($0.27) in Q3 2021; nine-month net income $16.9M ($0.77).
- Net interest margin increased to 3.35% from 3.24% linked quarter and 3.08% in Q4 2021.
- Total loans grew $143M (7.7%) from year-end; core deposits up $89.6M (4.8%); loan-to-deposit ratio 87.8%.
- Board declared $0.06/share quarterly cash dividend, payable Nov 23, 2022 to holders of record Nov 9, 2022.
- New $1.1M share repurchase plan authorized (~5% of outstanding); prior plan completed Oct 13, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122010694/0001387131-22-010694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713122010694/wneb-8k_102522.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-010694

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