Western New England Bancorp, Inc. reports recurring developments for its role as the holding company for Westfield Bank, a community banking institution serving individuals and businesses in western Massachusetts and northern Connecticut. Company news centers on quarterly and annual earnings, net interest margin, loan growth, deposit and liquidity trends, and credit quality across commercial real estate, commercial and industrial, residential real estate, home equity, and consumer lending.
Updates also cover capital management actions, including quarterly cash dividends and common stock repurchase plans. Recurring disclosures connect Westfield Bank's lending, deposit, cash management, and wealth management activities with asset quality, book value trends, shareholder returns, and balance sheet management.
Western New England Bancorp (Nasdaq: WNEB) reported Q1 2026 net income of $4.8M ($0.24 diluted), up 107.4% year-over-year, and declared a quarterly cash dividend of $0.07 per share payable about May 27, 2026 to shareholders of record May 13, 2026.
Key metrics: net interest margin 2.95%, loans $2.2B (79.5% of assets), deposits $2.4B, allowance for credit losses $20.5M (0.93% of loans), nonaccrual loans 0.21% of loans, repurchased 186,000 shares with 686,465 shares remaining under the 2025 repurchase plan.
Western New England Bancorp (Nasdaq: WNEB) reported unaudited results for the three and twelve months ended December 31, 2025, including Q4 net income of $5.2M ($0.26 diluted EPS) and full-year net income of $15.3M ($0.75 diluted EPS).
The Board declared a quarterly cash dividend of $0.07 per share payable ~Feb 25, 2026 to holders of record Feb 11, 2026. Total loans rose $113.2M (5.5%) and core deposits rose $111.9M (7.2%) vs. 12/31/24. NIM expanded to 2.91% (tax-equivalent) and asset quality remained strong (nonperforming assets 0.19%).
Western New England Bancorp (Nasdaq: WNEB) reported Q3 2025 net income $3.2M ($0.16 diluted), up from $1.9M in Q3 2024, and YTD nine-month net income $10.1M ($0.50).
The Board declared a $0.07 quarterly cash dividend payable ~Nov 26, 2025 to holders of record Nov 12, 2025. Key operating metrics: total loans +$60.8M (2.9%) YTD, core deposits +$97.4M (6.3%) YTD, net interest margin 2.81%, allowance for credit losses $20.5M (0.96% of loans), nonperforming assets 0.21% of assets, book value per share $11.89, tangible book value per share $11.22.
Share repurchases: 499,853 shares repurchased YTD at average $9.31; 972,465 shares remain available under the 2025 plan.
Western New England Bancorp (NASDAQ:WNEB) reported strong Q2 2025 financial results with net income of $4.6 million ($0.23 per diluted share), up from $3.5 million ($0.17 per diluted share) in Q2 2024. The company declared a quarterly cash dividend of $0.07 per share, payable August 20, 2025.
Key highlights include core deposit growth of $81.4 million (5.2%) since year-end, commercial and industrial loan growth of $22.8 million (10.8%), and residential real estate portfolio increase of $29.7 million (3.8%). The net interest margin improved significantly to 2.80%, up 31 basis points from Q1 2025.
The company maintains strong asset quality with nonperforming assets at 0.21% of total assets and continues its share repurchase program, having bought back 497,318 shares at an average price of $9.31 during H1 2025.
[ "Net income increased 31.4% YoY to $4.6M in Q2 2025", "Core deposits grew $81.4M (5.2%) since year-end", "Commercial and industrial loans increased $22.8M (10.8%)", "Net interest margin improved 31 basis points to 2.80%", "Strong asset quality with only 0.21% nonperforming assets", "Book value per share increased to $11.68 from $11.30 at year-end" ]Western New England Bancorp (WNEB) reported net income of $2.3 million ($0.11 per diluted share) for Q1 2025, down from $3.0 million ($0.14 per share) in Q1 2024. The Board declared a quarterly cash dividend of $0.07 per share, payable May 21, 2025.
Key financial metrics include:
- Net interest margin increased to 2.49% (up 8 basis points)
- Total gross loans grew by $9.3 million to $2.1 billion
- Core deposits increased by $70.2 million (4.5%)
- Loan-to-deposit ratio decreased to 89.3%
The company announced a new stock repurchase plan (2025 Plan) to repurchase up to 1.0 million shares (4.8% of outstanding shares), which will commence after completing the existing 2024 Plan. Asset quality remains strong with nonaccrual loans at 0.29% of total loans.
Western New England Bancorp (WNEB) reported Q4 2024 net income of $3.3 million ($0.16 per diluted share), up from $2.5 million ($0.12 per diluted share) in Q4 2023. The company declared a quarterly cash dividend of $0.07 per share, payable February 26, 2025.
Key financial highlights include: total loans increased by $42.9 million (2.1%) to $2.1 billion, total deposits grew by $118.9 million (5.6%) to $2.3 billion, and the loan-to-deposit ratio decreased to 91.5%. The company maintained strong asset quality with nonaccrual loans at 0.26% of total loans.
During 2024, WNEB repurchased 934,282 shares at an average price of $7.94 per share. The company's book value per share increased to $11.30, while tangible book value per share rose by 3.2% to $10.63. The net interest margin was 2.41% for Q4 2024.
Western New England Bancorp reported net income of $1.9 million ($0.09 per diluted share) for Q3 2024, down from $4.5 million ($0.21 per diluted share) in Q3 2023. The Board declared a quarterly cash dividend of $0.07 per share, payable November 21, 2024. Total deposits increased $80.5 million (3.8%) while total loans grew $21.7 million (1.1%) from year-end. The company maintains strong asset quality with nonperforming loans at 0.24% of total loans. During the first nine months of 2024, the company repurchased 714,282 shares at an average price of $7.61 per share.
Western New England Bancorp (WNEB) reported Q2 2024 net income of $3.5 million, or $0.17 per diluted share, an increase from Q2 2023's $2.8 million, or $0.13 per diluted share. Six-month net income was $6.5 million, down from $8.1 million in the same period last year. The company declared a quarterly cash dividend of $0.07 per share, payable August 21, 2024, to shareholders of record on August 7, 2024.
Key metrics: total loans decreased by $1.1 million, while deposits increased by $28.1 million. Nonperforming loans decreased to 0.29% of total loans. The net interest margin fell to 2.42%, from 2.57% in Q1. The company repurchased 470,000 shares at an average price of $7.32 during the six months ended June 30, 2024.
CEO James Hagan emphasized the challenges posed by the inverted yield curve but highlighted strong capital, liquidity, and focus on cost management.
Western New England Bancorp, Inc. (WNEB) announced the completion of its 2022 stock repurchase plan on June 6, 2024, buying back shares at an average price of $7.34. The Board approved a new repurchase plan on May 21, 2024, allowing up to 1 million shares, about 4.6% of the company's outstanding stock, to be repurchased. The new plan permits the repurchase of shares through open market transactions or privately negotiated transactions, depending on several factors like stock price, laws, and market conditions. The repurchase program can be modified or discontinued at any time.