---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-23-005142"
form_type: "8-K"
ticker: "WNEB"
cik: "0001157647"
company_name: "Western New England Bancorp, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:34:54.795339+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001387131-23-005142
- form_type: 8-K
- ticker: WNEB
- cik: 0001157647
- company_name: Western New England Bancorp, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157647/000138713123005142/0001387131-23-005142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157647/000138713123005142/wneb-8k_042523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-23-005142
- JSON: https://secwatch.observer/filing/0001387131-23-005142.json
- Plain text: https://secwatch.observer/filing/0001387131-23-005142.txt

## Key facts
- Earnings Releases
  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
  source text: The Company reported net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000138713123005142/0001387131-23-005142-index.htm

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