WNEB reports Q1 net income $2.3M; declares $0.07 dividend; authorizes 1M share buyback

Western New England Bancorp, Inc.

2025-Q1 EPS reported $0.11

Net income $2.3M ($0.11 diluted EPS) for Q1 2025 vs $3.0M ($0.14) in Q1 2024; net interest margin up 8 bps to 2.49%.
Quarterly cash dividend declared at $0.07 per share, payable May 21, 2025 to holders of record May 7, 2025.
Board authorized new stock repurchase plan for up to 1.0M shares (~4.8% of outstanding), to commence after 2024 plan completes.
Total deposits grew $66M (+2.9%) to $2.3B; core deposits up $70.2M (+4.5%); loan-to-deposit ratio decreased to 89.3%.
Asset quality remains strong: nonaccrual loans at 0.29% of total loans, allowance for credit losses at 0.95%.

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