secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001999371-24-005092
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124005092/0001999371-24-005092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124005092/wneb-8k_042324.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-005092

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