secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001999371-24-008957
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WNEB Q2 net income $3.5M ($0.17 EPS); declares $0.07 dividend
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- Net income $3.5M ($0.17 diluted EPS) up from $2.8M ($0.13) in Q2 2023; six-month net income $6.5M.
- Net interest margin 2.42% vs 2.57% linked quarter; net interest income fell 5.7% QoQ to $14.5M.
- Quarterly dividend $0.07/share payable Aug 21 to holders of record Aug 7; unchanged from prior quarter.
- Total deposits $2.2B, up 1.3% from Dec 2023; nonperforming loans 0.29% of total loans.
- Repurchased 269,841 shares in Q2 at avg $6.62; 936,759 shares remain under 2024 repurchase plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124008957/0001999371-24-008957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000199937124008957/wneb-8k_072324.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-008957

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