WNEB
Western New England Bancorp, Inc.13.28
-0.04-0.3%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
272.13MP/E (TTM)
20.12Basic EPS (TTM)
0.66Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Western New England Bancorp posted solid Q3 2025 results, with net income jumping to $3.2 million or $0.16 per diluted share, up from $1.9 million or $0.09 the prior year, fueled by net interest income climbing 22.8% to $18.1 million on higher loan yields and volumes—average loans rose 3.6% year-over-year while the margin expanded 41 basis points to 2.81%. Revenue growth stemmed from a 4.6% increase in average interest-earning assets, yet the provision for credit losses edged up 37.4% to $1.3 million amid rising unfunded commitments and softer macro forecasts. Deposits swelled 3.9% to $2.3 billion, bolstering liquidity with $82.9 million in cash equivalents and $468.7 million available from FHLB lines; total debt held steady at $120.8 million, including $98 million in long-term FHLB advances at 4.97%. No M&A or impairments surfaced. Still, the heavy commercial real estate tilt—392.7% of risk-based capital—warrants watching amid office sector pressures.
8-K
Q3 earnings up YoY, loans grow
Western New England Bancorp reported Q3 2025 net income of $3.2 million, or $0.16 per diluted share, up from $1.9 million a year ago but down from $4.6 million last quarter due to a $1.3 million provision for credit losses. Total loans grew 2.9% year-to-date to $2.1 billion, fueled by 6.7% residential real estate expansion, while core deposits rose 6.3% to $1.7 billion, lifting the net interest margin to 2.81%. Asset quality held firm with nonperforming assets at 0.21% of total assets. The board declared a $0.07 quarterly dividend, payable November 26. Yet share repurchases slowed.
10-Q
Q2 FY2025 results
Western New England Bancorp posted solid Q2 results, with net income climbing 30.7% year-over-year to $4.6 million, or $0.23 per diluted share, from $3.5 million, or $0.17, as net interest income surged 21.9% to $17.6 million on higher loan yields and asset growth, while the net interest margin expanded 38 basis points to 2.80%. A $615,000 reversal of credit losses, driven by a $624,000 recovery on a prior charge-off, bolstered profitability amid stable asset quality, with nonaccrual loans at 0.27% of total loans. Deposits grew 3.0% quarter-over-quarter to $2.3 billion, supporting $93.3 million in cash and $452.7 million in FHLB borrowing capacity, while total borrowings dipped slightly to $121.8 million. Shares repurchased totaled 290,609 at $9.45 average. Yet commercial real estate exposure, at 385.9% of risk-based capital, warrants close watch amid shifting market dynamics.
8-K
Q2 earnings double on margin expansion
Western New England Bancorp reported Q2 2025 net income of $4.6 million, up 99% from Q1's $2.3 million, driven by net interest income surging 13.6% to $17.6 million and a $615,000 credit loss reversal from a recovered loan. Core deposits grew 5.2% to $1.6 billion, boosting the net interest margin to 2.80%, while commercial and industrial loans rose 10.8%. Solid asset quality persists. The board declared a $0.07 quarterly dividend; share repurchases continue under the 2025 plan.
8-K
Completes $8.79/share buyback
Western New England Bancorp completed its 2024 share repurchase plan on May 30, 2025, buying back 1 million shares at an average $8.79 per share, equating to about 4.6% of outstanding stock. This move signals prudent capital management amid steady operations. The board promptly authorized a new plan for another 1 million shares, or 4.8% of shares. Repurchases boost shareholder returns, yet remain subject to market fluctuations.
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