Western New England Bancorp, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $291.4M
- Price
- $13.82
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.22%
- Volume
- 21.5K
About
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.
Quick stats
Shares outstanding20.1M
Computed float16.0M
Float / shares79.5%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001157647
AI Summary
AI-generated1/7
standardmixedearnings
Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2026 and Declares Quarterly Cash Dividend
Western New England Bancorp reported Q2 2026 net income of $3.6 million, or $0.18 per diluted share, a decrease from $4.6 million, or $0.23 per diluted share, in the prior year period. The decline was primarily driven by a $1.8 million provision expense related to a partial charge-off on a commercial real estate participation loan following a borrower's bankruptcy filing.
Despite the earnings dip, core operating metrics improved with the net interest margin rising to 3.00% and the efficiency ratio improving to 72.0%. For the six-month period, net income grew 21.7% year-over-year to $8.4 million, or $0.42 per diluted share.
The Board of Directors declared a quarterly cash dividend of $0.07 per share and repurchased 195,000 shares during the quarter at an average price of $13.80.
Red flags
- Nonaccrual loans increased to 0.35% of total loans from 0.24% year-over-year
- Recorded a $1.8 million charge-off on a commercial real estate participation loan linked to a Chapter 11 bankruptcy filing
- Criticized loans (special mention and substandard) increased to 2.9% of total loans from 1.8% at year-end