Western New England Bancorp Q2 FY26 net income falls 21.6% to $3.6 million
WNEB•Dividend and repurchases
Board declared a $0.07 quarterly cash dividend payable Aug. 26 to holders of record Aug. 12; 195,000 shares repurchased at $13.80 average.
Quarterly results and margin
Western New England Bancorp posted Q2 net income of $3.6 million, down 21.6% from a year earlier; diluted EPS was $0.18.
Net interest margin widened to 3.00%, up 20 basis points year over year; provision for credit losses was $1.6 million versus a reversal last year.
Loans, deposits and asset quality
Total loans rose 0.5% since Dec. 31 to $2.2 billion; deposits increased 1.7% to $2.4 billion, led by a 6.6% rise in time deposits.
Nonaccrual loans increased to $7.8 million, or 0.35% of loans; delinquent loans climbed to $4.7 million, or 0.21% of loans.
