secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001387131-23-012622
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123012622/0001387131-23-012622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000138713123012622/wneb-8k_102423.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-012622

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