---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-000720"
form_type: "8-K"
ticker: "WNEB"
cik: "0001157647"
company_name: "Western New England Bancorp, Inc."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:48:39.756883+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WNEB Q4 net income $2.5M ($0.12 EPS) vs $9.0M YoY; NIM 2.64%

## Summary
- Net income for Q4 2023 was $2.5M ($0.12 diluted EPS) versus $9.0M ($0.42) in Q4 2022.
- Full year 2023 net income $15.1M ($0.70 EPS) compared to $25.9M ($1.18) in 2022.
- Net interest margin declined to 2.64% in Q4 2023 from 3.44% in Q4 2022.
- Declared quarterly cash dividend of $0.07 per share, payable Feb 21, 2024 to holders of record Feb 7, 2024.
- Total loans grew 1.8% YoY to $2.0B; core deposits decreased 15.7% to $1.5B.

## SEC filing metadata
- accession: 0001999371-24-000720
- form_type: 8-K
- ticker: WNEB
- cik: 0001157647
- company_name: Western New England Bancorp, Inc.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/0001999371-24-000720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/wneb-8k_012324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-000720
- JSON: https://secwatch.observer/filing/0001999371-24-000720.json
- Plain text: https://secwatch.observer/filing/0001999371-24-000720.txt

## Key facts
- Earnings Releases
  Western New England Bancorp, Inc. reported three and twelve months ended December 31, 2023 results: net income net income was $15.1 million, or $0.70 per diluted share, EPS $0.70 per diluted share.
  - Period: three and twelve months ended December 31, 2023
  - Net income: net income was $15.1 million, or $0.70 per diluted share
  - EPS: $0.70 per diluted share
  - Result: reported results
  source text: For the three months ended December 31, 2023, the Company reported net income of $2.5 million, or $0.12 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/0001999371-24-000720-index.htm
- Earnings Releases
  Western New England Bancorp, Inc. reported three and twelve months ended December 31, 2023 results: net income net income was $15.1 million, or $0.70 per diluted share, EPS $0.70 per diluted share.
  - Period: three and twelve months ended December 31, 2023
  - Net income: net income was $15.1 million, or $0.70 per diluted share
  - EPS: $0.70 per diluted share
  - Result: reported results
  source text: For the twelve months ended December 31, 2023, net income was $15.1 million, or $0.70 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/0001999371-24-000720-index.htm

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