WNEB reports Q1 net income $5.3M ($0.24 EPS), declares $0.07 dividend

Western New England Bancorp, Inc.

2023-Q1 EPS reported $0.24

Net income $5.3M ($0.24 diluted EPS), flat YoY; linked quarter down from $9.0M ($0.42).
Net interest margin 3.14% vs 3.44% linked quarter; net interest income fell $2.4M to $18.5M.
Total deposits decreased $72.3M (3.2%) to $2.2B; core deposits down $118.4M (6.5%), time deposits up $46M.
Quarterly cash dividend of $0.07 per share declared, payable May 24, 2023 to holders of record May 10, 2023.
Repurchased 125,000 shares at avg $9.31 under 2022 Plan; 931,344 shares remain available.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Western New England Bancorp, Inc. reported for the three months ended March 31, 2023 results: net income $5.3 million, EPS $0.24.

Period: for the three months ended March 31, 2023
Net income: $5.3 million
EPS: $0.24
Result: reported results

Exact text from the filing

The Company reported net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023

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Western New England Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001387131-23-005142

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