---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-005092"
form_type: "8-K"
ticker: "WNEB"
cik: "0001157647"
company_name: "Western New England Bancorp, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:24:32.793214+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WNEB Q1 net income $3.0M ($0.14 EPS) down 43% YoY; NIM 2.57%

## Summary
- Net income $3.0M ($0.14 diluted EPS) vs $5.3M ($0.24) in Q1 2023.
- Net interest margin 2.57% vs 2.64% linked quarter; net interest income fell 5.1% QoQ.
- Declared $0.07 per share quarterly dividend payable May 22 to holders of record May 8.
- Repurchased 200,000 shares at avg $8.26; book value per share $10.90.
- Nonperforming loans 0.29% of total loans; allowance 0.98% of loans.

## SEC filing metadata
- accession: 0001999371-24-005092
- form_type: 8-K
- ticker: WNEB
- cik: 0001157647
- company_name: Western New England Bancorp, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157647/000199937124005092/0001999371-24-005092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157647/000199937124005092/wneb-8k_042324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-005092
- JSON: https://secwatch.observer/filing/0001999371-24-005092.json
- Plain text: https://secwatch.observer/filing/0001999371-24-005092.txt

## Key facts
- Earnings Releases
  Western New England Bancorp, Inc. reported the three months ended March 31, 2024 results: net income net income of $3.0 million, or $0.14 per diluted share, EPS $0.14 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: net income of $3.0 million, or $0.14 per diluted share
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: The Company reported net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024, compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1157647/000199937124005092/0001999371-24-005092-index.htm

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