secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001999371-24-000720
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/0001999371-24-000720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124000720/wneb-8k_012324.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-000720

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