secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001387131-23-005142
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123005142/0001387131-23-005142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123005142/wneb-8k_042523.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-005142

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