---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-000531"
form_type: "8-K"
ticker: "WNEB"
cik: "0001157647"
company_name: "Western New England Bancorp, Inc."
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T10:31:59.652839+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WNEB Q4 net income $9.0M ($0.42 EPS); raises dividend 17% to $0.07/share

## Summary
- Q4 net income $9.0M ($0.42 diluted EPS) vs $6.2M ($0.28) in Q4 2021; FY2022 net income $25.9M ($1.18) vs $23.7M ($1.02).
- Quarterly dividend raised 17% to $0.07/share, payable Feb 22, 2023 to holders of record Feb 8, 2023.
- Net interest margin expanded to 3.44% in Q4 from 3.08% a year ago; loans grew 6.8% to $2.0B.
- Efficiency ratio improved to 52.8% in Q4 from 62.7% in Q3; nonperforming loans remain low at 0.29% of total loans.
- Pension plan termination (effective Oct 2022) contributed $2.8M curtailment gain to Q4 non-interest income.

## SEC filing metadata
- accession: 0001387131-23-000531
- form_type: 8-K
- ticker: WNEB
- cik: 0001157647
- company_name: Western New England Bancorp, Inc.
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157647/000138713123000531/0001387131-23-000531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157647/000138713123000531/wneb-8k_012423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-000531
- JSON: https://secwatch.observer/filing/0001387131-23-000531.json
- Plain text: https://secwatch.observer/filing/0001387131-23-000531.txt

## Key facts
- Earnings Releases
  Western New England Bancorp, Inc. reported twelve months ended December 31, 2022 results: net income $25.9 million, EPS $1.18 per diluted share.
  - Period: twelve months ended December 31, 2022
  - Net income: $25.9 million
  - EPS: $1.18 per diluted share
  - Result: reported results
  source text: For the twelve months ended December 31, 2022, net income was $25.9 million, or $1.18 per diluted share, compared to net income of $23.7 million, or $1.02 per diluted share, for the twelve months ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000138713123000531/0001387131-23-000531-index.htm
- Earnings Releases
  Western New England Bancorp, Inc. reported three months ended December 31, 2022 results: net income $9.0 million, EPS $0.42 per diluted share.
  - Period: three months ended December 31, 2022
  - Net income: $9.0 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: For the three months ended December 31, 2022, the Company reported net income of $9.0 million, or $0.42 per diluted share, compared to net income of $6.2 million, or $0.28 per diluted share, for the three months ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000138713123000531/0001387131-23-000531-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.