secwatch.observer — SEC 8-K summary
======================================

Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001999371-24-005801
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q1 EPS $0.14, net interest income $15.3M; director Orlen retires
---------------------------------------------------------------------

- Q1 EPS $0.14, down 42% from $0.24 YoY; ROA 0.47% vs 0.84%, ROE 5.04% vs 9.31%.
- Net interest income $15.3M (down 17% YoY); NIM (tax-equiv) 2.59% vs 3.16%.
- Total loans $2.026B (+1% YoY); deposits $2.144B (-0.6%); core deposits 70% vs 79%.
- Book value per share $10.90 vs $10.50; uninsured deposits 26% vs 29%.
- Director Gregg F. Orlen retired after 25 years; proposals include director elections and auditor ratification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124005801/0001999371-24-005801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124005801/wneb-8k_050924.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-005801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer