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Western New England Bancorp, Inc.
WNEBCIK 0001157647NasdaqAcceleratedSmaller ReportingSavings Institution, Federally CharteredMassachusettsFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$15.27M
Total Assets
$2.74B
Equity
$247.64M
Shares Out
20.13M
Op. Cash Flow
$18.21M
Business
Western New England Bancorp, Inc. is a Massachusetts-chartered savings and loan holding company and parent of Westfield Bank, a federally chartered savings bank offering full-service commercial and retail banking products. The company provides residential and commercial real estate loans, commercial and industrial loans, consumer loans, deposit accounts, cash management services, and wealth management through a third-party broker-dealer. The bank operates 25 branches and serves western Massachusetts and Connecticut through traditional banking channels and online banking.
Summary from 10-K filed 2026-03-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Residential and commercial real estate loans | 91 | 85 | 78 | 67 | 59 | |
| Commercial and industrial loans | 14 | 13 | 13 | 10 | 15 | |
| Consumer loans | 280,000 | 325,000 | 340,000 | 258,000 | 255,000 | |
| Total interest income from loans | 105 | 99 | 91 | 77 | — | |
| Investment securities, taxable | 10 | 9 | 8 | 8 | 5 | |
| Investment securities, tax-exempt | — | 3,000 | 7,000 | 11,000 | 12,000 | |
| Marketable equity securities | 20,000 | 13,000 | 122,000 | 190,000 | 96,000 | |
| Total interest and dividend income from investment securities | 10 | 9 | 8 | 8 | — | |
| Other investments | 690,000 | 687,000 | 558,000 | 177,000 | — | |
| Short-term investments | 2 | 2 | 1 | 191,000 | 139,000 | |
| Total interest income from cash and cash equivalents | 3 | 2 | 2 | 368,000 | — | |
| Total interest and dividend income | 119 | 110 | 101 | 86 | 80 | |
| Deposits | 43 | 42 | 27 | 5 | 6 | |
| Short-term borrowings | 225,000 | 600,000 | 2 | 330,000 | — | |
| Long-term debt | 5 | 6 | 4 | — | — | |
| Subordinated debt | 1 | 1 | 1 | 1 | — | |
| Total interest expense | 49 | 50 | 33 | 7 | — | |
| Net interest and dividend income | 70 | 60 | 68 | 79 | 73 | |
| Provision for (reversal of) credit losses | 335,000 | −665,000 | 872,000 | 700,000 | −925,000 | |
| Net interest and dividend income after provision for (reversal of) credit losses | 70 | 60 | 67 | 79 | 74 | |
| Service charges and fees | 10 | 9 | 9 | 9 | 8 | |
| Income from bank-owned life insurance | 2 | 2 | 2 | 2 | 2 | |
| Bank-owned life insurance death benefit | — | — | 778,000 | — | 555,000 | |
| Loss on disposal of premises and equipment | — | −6,000 | −3,000 | — | — | |
| Gain on sale of mortgages | 11,000 | 235,000 | — | 2,000 | 1 | |
| Net unrealized gain (loss) on marketable equity securities | 35,000 | 13,000 | −1,000 | −717,000 | −168,000 | |
| Gain on non-marketable equity investments | 243,000 | 1 | 590,000 | 422,000 | 898,000 | |
| Loss on defined benefit plan termination | — | — | −1 | 3 | — | |
| Other income | 347,000 | 261,000 | — | 25,000 | 58,000 | |
| Total non-interest income | 13 | 13 | 11 | 13 | 13 | |
| Salaries and employee benefits | 36 | 33 | 32 | 33 | 32 | |
| Occupancy | 5 | 5 | 5 | 5 | 5 | |
| Furniture and equipment | 2 | 2 | 2 | 2 | 2 | |
| Data processing | 4 | 3 | 3 | 3 | 3 | |
| Software | 3 | 3 | 2 | 2 | — | |
| Debit card and ATM processing expense | 2 | 2 | 2 | 2 | — | |
| Professional fees | 2 | 2 | 3 | 3 | 2 | |
| FDIC insurance assessment | 2 | 1 | 1 | 1 | 998,000 | |
| Advertising | 2 | 1 | 1 | 1 | 1 | |
| Other expenses | 6 | 5 | 6 | 6 | 9 | |
| Total non-interest expense | 62 | 58 | 58 | 57 | 55 | |
| Income before income taxes | 20 | 15 | 20 | 35 | 32 | |
| Income tax provision | 5 | 3 | 5 | 9 | 8 | |
| Net income | 15 | 12 | 15 | 26 | 24 | |
| Basic earnings per share | 0.76 | 0.56 | 0.7 | 1.18 | 1.02 | |
| Weighted average basic shares outstanding | 20 | 21 | 22 | 22 | 23 | |
| Diluted earnings per share | 0.75 | 0.56 | 0.7 | 1.18 | 1.02 | |
| Weighted average diluted shares outstanding | 20 | 21 | 22 | 22 | 23 | |
| Dividends per share | 0.28 | 0.28 | 0.28 | 0.24 | 0.2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 20 | 19 | 21 | 26 | 15 | |
| Federal funds sold | 2 | 9 | 3 | 2 | 5 | |
| Interest-bearing deposits and other short-term investments | 18 | 38 | 5 | 3 | 83 | |
| Total cash and cash equivalents | 40 | 66 | 29 | 30 | 103 | |
| Securities available-for-sale, at fair value (Amortized cost of $198,194 at December 31, 2025 and $191,940 at December 31, 2024) | 176 | 161 | 137 | 147 | 194 | |
| Securities held-to-maturity, at amortized cost (Fair value of $158,504 at December 31, 2025 and $165,606 at December 31, 2024) | 189 | 205 | 223 | 230 | 222 | |
| Marketable equity securities, at fair value | 632,000 | 397,000 | 196,000 | 6 | 12 | |
| Total investment securities | 365 | 366 | 361 | — | — | |
| Federal Home Loan Bank stock and other restricted stock, at amortized cost | 5 | 6 | 4 | 3 | 3 | |
| Total Loans | 2,184 | 2,070 | 2,027 | — | — | |
| Less: Allowance for credit losses | −20 | −20 | −20 | −20 | −20 | |
| Net loans | 2,163 | 2,051 | 2,007 | 1,971 | — | |
| Premises and equipment, net | 23 | 24 | 26 | 25 | 26 | |
| Accrued interest receivable | 9 | 8 | 9 | 8 | — | |
| Bank-owned life insurance | 79 | 77 | 75 | 75 | 73 | |
| Deferred tax asset, net | 13 | 14 | 14 | 15 | 12 | |
| Goodwill | 12 | 12 | 12 | 12 | 12 | |
| Core deposit intangible | 1 | 1 | 2 | 2 | 3 | |
| Other assets | 25 | 26 | 27 | 27 | 25 | |
| TOTAL ASSETS | 2,736 | 2,653 | 2,565 | 2,553 | 2,538 | |
| Non-interest-bearing deposits | 595 | 566 | 580 | 646 | 641 | |
| Interest-bearing deposits | 1,766 | 1,697 | 1,564 | 1,584 | 1,616 | |
| Total deposits | 2,361 | 2,263 | 2,144 | 2,229 | 2,257 | |
| Short-term borrowings | 13 | 5 | 16 | 41 | — | |
| Long-term debt | 73 | 98 | 121 | 1 | — | |
| Subordinated debt | 20 | 20 | 20 | 20 | 20 | |
| Total borrowings | 106 | 123 | 156 | — | — | |
| Securities pending settlement | 242,000 | 9 | — | — | — | |
| Other liabilities | 22 | 23 | 27 | 33 | 36 | |
| TOTAL LIABILITIES | 2,489 | 2,417 | 2,327 | 2,325 | 2,315 | |
| Preferred stock - $0.01 par value, 5,000,000 shares authorized, none outstanding at December 31, 2025 and December 31, 2024 | — | — | — | — | — | |
| Common stock - $0.01 par value, 75,000,000 shares authorized, 20,372,786 shares issued and outstanding at December 31, 2025; 20,875,713 shares issued and outstanding at December 31, 2024 | 204,000 | 209,000 | 217,000 | 222,000 | 227,000 | |
| Additional paid-in capital | 115 | 119 | 125 | 129 | 133 | |
| Unearned compensation Employee Stock Ownership Plan (ESOP) | −1 | −2 | −2 | −3 | −3 | |
| Unearned compensation - Equity Incentive Plan | −1 | −1 | −1 | −1 | −981,000 | |
| Retained earnings | 152 | 143 | 137 | 128 | 107 | |
| Accumulated other comprehensive loss, net of tax | −17 | −23 | −22 | −25 | −12 | |
| TOTAL SHAREHOLDERS EQUITY | 248 | 236 | 237 | 228 | 224 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,736 | 2,653 | 2,565 | 2,553 | 2,538 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization of premises and equipment | 2 | 2 | 2 | 2 | 2 | |
| Net amortization (accretion) of purchase accounting adjustments | 7,000 | −39,000 | 95,000 | −135,000 | 95,000 | |
| Amortization of core deposit intangible | 375,000 | 375,000 | 375,000 | 375,000 | 374,000 | |
| Net amortization of premiums and discounts on securities and mortgage loans | 1 | 1 | 1 | 2 | 2 | |
| Net amortization of deferred costs on mortgage loans | 394,000 | 490,000 | 497,000 | 681,000 | 1 | |
| Net amortization of premiums on subordinated debt | 39,000 | 39,000 | 39,000 | 40,000 | 27,000 | |
| Share-based compensation expense | 1 | 1 | 1 | 1 | 1 | |
| ESOP expense | 705,000 | 572,000 | 562,000 | 683,000 | 682,000 | |
| Gain on mortgage banking activities | −11,000 | −235,000 | — | — | −227,000 | |
| Gain on bank-owned life insurance death benefit | — | — | −778,000 | — | — | |
| Deferred income tax (benefit) provision | −1 | 178,000 | 191,000 | 1 | 644,000 | |
| Accrued interest receivable | −315,000 | 60,000 | −388,000 | −365,000 | 702,000 | |
| Other assets | 345,000 | 133,000 | −968,000 | −4 | −5 | |
| Other liabilities | −124,000 | −3 | −4 | 8 | 4 | |
| Net cash provided by operating activities | 18 | 12 | 15 | 37 | 29 | |
| Purchases of securities held-to-maturity | — | −1 | −8 | −28 | −231 | |
| Proceeds from calls, maturities, and principal collections of securities held-to-maturity | 16 | 19 | 14 | 20 | 9 | |
| Purchases of securities available-for-sale | −32 | −33 | — | −5 | −65 | |
| Proceeds from calls, maturities, and principal collections of securities available-for-sale | 16 | 15 | 12 | 24 | 55 | |
| Purchase of marketable equity securities | −201,000 | −174,000 | −196,000 | — | — | |
| Proceeds from redemption and sales of marketable equity securities | — | — | 6 | 5 | — | |
| Net loan originations and principal payments | −113 | −63 | −37 | −128 | 53 | |
| Redemption (purchase) of Federal Home Loan Bank of Boston stock | 459,000 | −2 | −355,000 | −758,000 | 3 | |
| Proceeds from sale of portfolio residential real estate loans | — | 20 | — | — | — | |
| Purchases of premises and equipment | −1 | −1 | −3 | −1 | −3 | |
| Proceeds from disposal of premises and equipment | — | 74,000 | 18,000 | — | 36,000 | |
| Proceeds from payout on bank-owned life insurance | — | — | 2 | 2 | — | |
| Net cash used in investing activities | −114 | −47 | −14 | −112 | −163 | |
| Net increase (decrease) in deposits | 98 | 119 | −86 | −27 | 214 | |
| Increase (decrease) in short-term borrowings | 8 | −11 | −25 | 41 | — | |
| Repayment of long-term debt | −25 | −121 | −532,000 | −1 | −55 | |
| Proceeds from long-term debt | — | 98 | 120 | — | — | |
| Cash dividends paid | −6 | −6 | −6 | −5 | −5 | |
| Repurchase of common stock | −6 | −8 | −5 | −6 | −23 | |
| Net cash provided by (used in) financing activities | 69 | 72 | −3 | 2 | 150 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS: | −26 | 38 | −2 | −73 | 16 | |
| Available-for-sale securities purchases pending settlement | −8 | 8 | — | — | — | |
| Net change in cash due to broker for common stock repurchased | 79,000 | 163,000 | — | — | −160,000 |
Filings
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Frequently asked questions
What is Western New England Bancorp, Inc.'s CIK number?
Western New England Bancorp, Inc.'s SEC CIK number is 0001157647 (1157647). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Western New England Bancorp, Inc.'s SEC filings?
All of Western New England Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Western New England Bancorp, Inc. last report earnings?
Western New England Bancorp, Inc. (WNEB) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001999371-26-009255). This is Western New England Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Western New England Bancorp, Inc.'s most recent earnings 8-K?
Western New England Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001999371-26-009255. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Western New England Bancorp, Inc.'s latest earnings 8-K →
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