secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001387131-23-006337
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q1 2023 EPS $0.24, ROAA 0.84%; NIM 3.14% vs 3.47% in Q4 2022
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- Q1 2023 EPS $0.24 (vs $0.42 in Q4 2022; same as Q1 2022); ROAA 0.84% (vs 1.40% in Q4 2022).
- Net interest margin 3.14% (3.16% tax-equiv); down from 3.44% (3.47% tax-equiv) in Q4 2022.
- Total loans $2.006B at Mar 31, 2023; total deposits $2.157B; loan/deposit ratio 93%.
- Nonperforming loans/total loans 0.29%; allowance for loan losses to NPLs 350% (Dec 2022).
- Core deposits 79% of total deposits; uninsured deposits 29% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123006337/0001387131-23-006337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123006337/wneb-8k_051123.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-006337

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer