Western New England Bancorp reports Q3 net income of $4.5M, EPS $0.21, down from $6.0M YoY

Western New England Bancorp, Inc.

2023-Q3 EPS reported $0.58

Net income $4.5M ($0.21 diluted EPS) vs $6.0M ($0.28) in Q3 2022; sequential improvement from $2.8M in Q2 2023.
Quarterly cash dividend of $0.07/share declared, payable Nov 22 to holders of record Nov 8.
Total loans $2.0B, up 1.2% since Dec 2022; deposits grew $18.3M linked quarter to $2.2B.
Nonperforming loans 0.31% of total loans; allowance for credit losses 0.99% of loans.
Repurchased 155,161 shares in Q3 at avg $6.50; 404,905 shares YTD at avg $7.27.

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 0.95

Western New England Bancorp, Inc. reported the nine months ended September 30, 2023 results: net income $12.6 million, EPS $0.58 per diluted share.

Period: the nine months ended September 30, 2023
Net income: $12.6 million
EPS: $0.58 per diluted share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, net income was $12.6 million, or $0.58 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Western New England Bancorp, Inc. reported the three months ended September 30, 2023 results: net income $4.5 million, EPS $0.21 per diluted share.

Period: the three months ended September 30, 2023
Net income: $4.5 million
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

For the three months ended September 30, 2023, the Company reported net income of $4.5 million, or $0.21 per diluted share

View on SEC.gov

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Western New England Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001387131-23-012622

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