secwatch.observer — SEC 8-K summary
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Issuer:     Western New England Bancorp, Inc. (WNEB)
CIK:        0001157647
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001999371-25-004544
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1157647/000199937125004544/0001999371-25-004544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1157647/000199937125004544/wneb-8k_042225.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-004544

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