---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-013776"
form_type: "8-K"
ticker: "WNEB"
cik: "0001157647"
company_name: "Western New England Bancorp, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:58:20.406950+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WNEB Q3 net income drops 58% YoY to $1.9M; EPS $0.09 vs $0.21

## Summary
- Net income of $1.9M ($0.09 diluted EPS) vs $4.5M ($0.21) in Q3 2023, down 58%.
- Net interest margin shrank to 2.40% from 2.70% a year ago; deposit cost rose to 2.04%.
- Total loans increased $21.7M YTD to $2.0B; residential real estate grew $26.4M.
- Non-interest income fell to $3.1M from $3.6M YoY; gain on equity investments lower.
- BTFP fully repaid; liquidity at $1.1B instantly available, covering 183% of uninsured deposits.

## SEC filing metadata
- accession: 0001999371-24-013776
- form_type: 8-K
- ticker: WNEB
- cik: 0001157647
- company_name: Western New England Bancorp, Inc.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1157647/000199937124013776/0001999371-24-013776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1157647/000199937124013776/wneb-8k_102324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-013776
- JSON: https://secwatch.observer/filing/0001999371-24-013776.json
- Plain text: https://secwatch.observer/filing/0001999371-24-013776.txt

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