Western New England Bancorp, Inc. — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 28/100
What the filing says
Western New England Bancorp reported Q2 2026 net income of $3.6M ($0.18/share), down 21.6% from $4.6M ($0.23/share) in Q2 2025. The decline was driven by a $1.8M charge-off on a participation loan (40% of a $3.5M office-building loan) after the borrower filed Chapter 11 on June 4, 2026. Net interest margin improved to 3.00% (up 20 bps YoY), deposits grew $40.5M to $2.4B, and the company repurchased 381,000 shares at $13.64/share for $5.2M during H1 2026. A $717K gain from the July 2026 sale of two office buildings will be recognized in Q3. Dividend of $0.07/share declared.
Why this rating
Single large charge-off is material to quarterly earnings but manageable for $189M-cap company; strong NIM growth and deposit growth offset by credit deterioration.
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