# Western New England Bancorp, Inc. (WNEB) Informational only - not investment advice. CIK: 0001157647 SIC: 6035 Savings Institution, Federally Chartered SIC breadcrumb: [Finance, Insurance, And Real Estate](/division/H/) > [Depository Institutions](/major-group/60/) > [SIC 6035 Savings Institution, Federally Chartered](/industry/6035/) Latest 10-K filed: 2026-03-10 SEC page: https://www.sec.gov/edgar/browse/?CIK=1157647 Filing source: https://www.sec.gov/Archives/edgar/data/1157647/000199937126005514/wneb-10k_123125.htm ## At a glance FY2025 · period end 2025-12-31 · filed 2026-03-16 · accession 0001999371-26-006029 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001157647.json | Metric | Value | FY | Provenance | | --- | ---: | ---: | --- | | Revenue | 118,619,000 USD | 2025 | verified | | Net income | 15,269,000 USD | 2025 | verified | | Assets | 2,736,480,000 USD | 2025 | verified | | Free cash flow | 17,140,000 USD | 2025 | computed | | Net margin | 12.87% | 2025 | computed | | Revenue YoY | +8.00% | 2025 | computed | | ROE | 6.17% | 2025 | computed | Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity. No market price, no rating, no forecast on this site. Not investment advice. ### Peer percentile fingerprint | Ratio | WNEB | Peer median | Percentile | N | | --- | ---: | ---: | ---: | ---: | | Net margin | 12.9% | 15.2% | 43 | 22 | | Revenue growth | 8.0% | 4.9% | 67 | 22 | | FCF margin | 14.4% | 19.0% | 37 | 20 | | ROE | 6.2% | 6.5% | 43 | 22 | | ROA | 0.6% | 0.7% | 38 | 22 | | Liabilities / equity | 10.05 | 8.30 | 90 | 22 | Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 6035 Savings Institution, Federally Chartered, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking. ## Selected Fundamentals | Metric | Value | Unit | FY | Filed | | --- | ---: | --- | ---: | --- | | Revenue | 118619000 | USD | 2025 | 2026-03-16 | | Net income | 15269000 | USD | 2025 | 2026-03-16 | | Assets | 2736480000 | USD | 2025 | 2026-03-16 | ## Financials Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-03-16. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001157647.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts. | Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | 48,598,000 | 74,039,000 | 78,990,000 | 82,116,000 | 82,875,000 | 79,849,000 | 85,928,000 | 101,118,000 | 109,832,000 | 118,619,000 | | Net income | 4,834,000 | 12,320,000 | 16,408,000 | 13,349,000 | 11,215,000 | 23,699,000 | 25,887,000 | 15,068,000 | 11,666,000 | 15,269,000 | | Diluted EPS | 0.24 | 0.41 | 0.57 | 0.51 | 0.45 | 1.02 | 1.18 | 0.70 | 0.56 | 0.75 | | Operating cash flow | 930,000 | 18,861,000 | 24,638,000 | 15,379,000 | 25,067,000 | 28,793,000 | 36,770,000 | 14,773,000 | 12,170,000 | 18,213,000 | | Capital expenditures | 1,487,000 | 2,212,000 | 3,327,000 | 1,285,000 | 3,581,000 | 3,457,000 | 1,143,000 | 2,902,000 | 1,196,000 | 1,073,000 | | Dividends paid | 2,439,000 | 3,579,000 | 4,641,000 | 5,274,000 | 5,037,000 | 4,677,000 | 5,281,000 | 6,066,000 | 5,914,000 | 5,712,000 | | Share buybacks | 1,378,000 | 9,314,000 | 22,920,000 | 19,455,000 | 10,519,000 | 23,281,000 | 6,351,000 | 5,022,000 | 7,599,000 | 6,097,000 | | Assets | 2,076,018,000 | 2,083,070,000 | 2,118,822,000 | 2,181,476,000 | 2,365,886,000 | 2,538,425,000 | 2,553,150,000 | 2,564,571,000 | 2,653,090,000 | 2,736,480,000 | | Liabilities | 1,837,622,000 | 1,835,789,000 | 1,881,793,000 | 1,949,452,000 | 2,139,246,000 | 2,314,737,000 | 2,325,007,000 | 2,327,162,000 | 2,417,180,000 | 2,488,843,000 | | Stockholders' equity | 238,396,000 | 247,281,000 | 237,029,000 | 232,024,000 | 226,640,000 | 223,688,000 | 228,143,000 | 237,409,000 | 235,910,000 | 247,637,000 | | Free cash flow | -557,000 | 16,649,000 | 21,311,000 | 14,094,000 | 21,486,000 | 25,336,000 | 35,627,000 | 11,871,000 | 10,974,000 | 17,140,000 | ### Ratios ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported. | Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Net margin | 9.95% | 16.64% | 20.77% | 16.26% | 13.53% | 29.68% | 30.13% | 14.90% | 10.62% | 12.87% | | Return on equity | 2.03% | 4.98% | 6.92% | 5.75% | 4.95% | 10.59% | 11.35% | 6.35% | 4.95% | 6.17% | | Return on assets | 0.23% | 0.59% | 0.77% | 0.61% | 0.47% | 0.93% | 1.01% | 0.59% | 0.44% | 0.56% | | Liabilities / equity | 7.71 | 7.42 | 7.94 | 8.40 | 9.44 | 10.35 | 10.19 | 9.80 | 10.25 | 10.05 | ## As-reported value updates 1 tracked difference above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period. Ledger: /company/WNEB/revisions/ ## Quarterly Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-08-07. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0001157647.json. Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived. | Quarter | End date | Revenue | Net income | Diluted EPS | Method | | --- | --- | ---: | ---: | ---: | --- | | 2022-Q3 | 2022-09-30 | | | 0.28 | reported discrete quarter | | 2023-Q1 | 2023-03-31 | | | 0.24 | reported discrete quarter | | 2023-Q2 | 2023-06-30 | | | 0.13 | reported discrete quarter | | 2023-Q3 | 2023-09-30 | 25,901,000 | 4,490,000 | 0.21 | reported discrete quarter | | 2023-Q4 | 2023-12-31 | 26,770,000 | 2,511,000 | | derived Q4 = FY annual - nine-month YTD | | 2024-Q1 | 2024-03-31 | 26,604,000 | 2,961,000 | 0.14 | reported discrete quarter | | 2024-Q2 | 2024-03-31 | | 2,961,000 | | reported discrete quarter | | 2024-Q2 | 2024-06-30 | 26,802,000 | | 0.17 | reported discrete quarter | | 2024-Q3 | 2024-06-30 | | 3,513,000 | | reported discrete quarter | | 2024-Q3 | 2024-09-30 | 27,840,000 | | 0.09 | reported discrete quarter | | 2024-Q4 | 2024-12-31 | 28,586,000 | 3,288,000 | | derived Q4 = FY annual - nine-month YTD | | 2025-Q1 | 2025-03-31 | 28,437,000 | 2,303,000 | 0.11 | reported discrete quarter | | 2025-Q2 | 2025-03-31 | | 2,303,000 | | reported discrete quarter | | 2025-Q2 | 2025-06-30 | 29,612,000 | | 0.23 | reported discrete quarter | | 2025-Q3 | 2025-06-30 | | 4,590,000 | | reported discrete quarter | | 2025-Q3 | 2025-09-30 | 30,033,000 | | 0.16 | reported discrete quarter | | 2025-Q4 | 2025-12-31 | 30,537,000 | 5,209,000 | | derived Q4 = FY annual - nine-month YTD | | 2026-Q1 | 2026-03-31 | 30,281,000 | 4,777,000 | 0.24 | reported discrete quarter | | 2026-Q2 | 2026-03-31 | | 4,777,000 | | reported discrete quarter | | 2026-Q2 | 2026-06-30 | 30,781,000 | | 0.18 | reported discrete quarter | ## Filed narrative (10-K & 10-Q) ## Business Verbatim Item 1 Business section from WNEB's latest 10-K: [/company/WNEB/business/](/company/WNEB/business/). ## Risk Factors Verbatim Item 1A Risk Factors from WNEB's latest 10-K: [/company/WNEB/risk-factors/](/company/WNEB/risk-factors/). ## Latest quarter (10-Q) Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/1157647/000199937126017418/wneb-10q_063026.htm Low-confidence quarantine: published MD&A gate detected tail bleed at 'consolidated financial statements' and could not re-bound cleanly. Confidence: low Filing date: 2026-08-07 Report date: 2026-06-30 _Quarantined: low-confidence Item 2 boundaries; no quarterly MD&A text emitted._ ## Latest 10-K MD&A (excerpt) Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/1157647/000199937126005514/wneb-10k_123125.htm Complete FY 2025 MD&A: /company/WNEB/mda/fy2025/ Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Confidence: high Filing date: 2026-03-10 Report date: 2025-12-31 ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with the Company’s Consolidated Financial Statements and notes thereto, each appearing elsewhere in this Annual Report on Form 10-K. Management’s discussion focuses on 2025 results compared to 2024. For a discussion of 2024 results compared to 2023, refer to Part II, Item 7 of our Annual Report filed on Form 10-K, which was filed with the SEC on March 10, 2025. Overview. We strive to remain a leader in meeting the financial service needs of the local community and to provide quality service to the individuals and businesses in the market areas that we have served since 1853. Historically, we have been a community-oriented provider of traditional banking products and services to business organizations and individuals, including products such as residential and commercial real estate loans, consumer loans and a variety of deposit products. We meet the needs of our local community through a community-based and service-oriented approach to banking. We have adopted a growth-oriented strategy that continues to focus on increasing commercial lending and residential lending. Our strategy also calls for increasing deposit relationships, specifically core deposits, and broadening our product lines and services. We believe that this business strategy is best for our long-term success and viability, and complements our existing commitment to high quality customer service. In connection with our overall growth strategy, we seek to: [[GREPCENT_TABLE]] [["","\u25cf","Increase market share and achieve scale to improve the Company\u2019s profitability and efficiency and return value to shareholders;"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Grow the Company\u2019s commercial loan portfolio and related commercial deposits by targeting businesses in our primary market area of Hampden County and Hampshire County in western Massachusetts and the Capital Region in Connecticut to increase the net interest margin and loan income;"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Supplement the commercial portfolio by growing the residential real estate portfolio to diversify the loan portfolio and deepen customer relationships;"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Focus on expanding our retail banking deposit franchise and increase the number of households served within our designated market area;"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Invest in people, systems and technology to grow revenue, improve efficiency and enhance the overall customer experience;"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Grow revenues, increase book value per share and tangible book value, pay competitive dividends to shareholders and utilize the Company\u2019s stock repurchase plan to leverage our capital and enhance franchise value; and"]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Consider growth through acquisitions. We may pursue expansion opportunities in existing or adjacent strategic locations with companies that add complementary products to our existing business and at terms that add value to our existing shareholders."]] [[/GREPCENT_TABLE]] You should read the following financial results for the year ended December 31, 2025 in the context of this strategy. 58  For the twelve months ended December 31, 2025, the Company reported net income of $15.3 million, or $0.75 per diluted share, compared to $11.7 million, or $0.56 per diluted share, for the twelve months ended December 31, 2024. Net interest income increased $10.3 million, or 17.2%, provision for credit losses increased $1.0 million, non-interest income decreased $387,000, or 3.0%, and non-interest expense increased $4.1 million, or 6.9%, during the same period in 2024. During the twelve months ended December 31, 2025, net interest income increased $10.3 million, or 17.2%, to $70.1 million, compared to $59.8 million for the twelve months ended December 31, 2024. The increase in net interest income was due to an increase in interest income of $8.8 million, or 8.0%, and a decrease in interest expense of $1.5 million, or 3.0%. During the twelve months ended December 31, 2025, the Company recorded a provision for credit losses of $335,000, compared to a reversal of credit losses of $665,000 during the twelve months ended December 31, 2024. The $1.0 million increase in the provision for credit losses was primarily due to an increase in total loans of $113.2 million, or 5.5%. General. Our consolidated results of operations depend primarily on net interest and dividend income. Net interest and dividend income is the difference between the interest income earned on interest-earning assets and the interest paid on interest-bearing liabilities. Interest-earning assets consist primarily of commercial real estate loans, commercial and industrial loans, residential real estate loans and securities. Interest-bearing liabilities consist primarily of time deposits and money market accounts, demand deposits, savings accounts and borrowings from the FHLB. The consolidated results of operations also depend on the provision for loan losses, non-interest income, and non-interest expense. Non-interest income includes service fees and charges, income on bank-owned life insurance, gains (losses) on sales of mortgages, gains (losses) on non-marketable equity investments and gains (losses) on securities. Non-interest expense includes salaries and employee benefits, occupancy expenses, data processing, advertising expense, FDIC insurance assessment, professional fees and other general and administrative expenses. Critical Accounting Policies. Our accounting policies are disclosed in Note 1 to our consolidated financial statements. Given our current business strategy and asset/liability structure, the more critical policy is the allowance for credit losses and provision for credit losses. In addition to the informational disclosure in the notes to the consolidated financial statements, our policy on this accounting policy is described in detail in the applicable sections of “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Senior management has discussed the development and selection of this accounting policy and the related disclosures with the Audit Committee of the Board. The allowance for credit losses is an estimate of expected losses inherent within the Company’s existing loans held for investment portfolio. The allowance for credit losses for loans held for investment, as reported in our consolidated balance sheet, is adjusted by a credit loss expense, which is reported in earnings, and reduced by the charge-off of loan amounts, net of recoveries. Accrued interest receivable on loans held for investment was $7.6 million at December 31, 2025 and is excluded from the estimate of credit losses. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change. The credit loss estimation process involves procedures to appropriately consider the unique characteristics of loan portfolio segments, which consist of commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans. These segments are further disaggregated into loan classes, the level at which credit risk is monitored. For each of these pools, the Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, probability of default, and loss given default. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data. The quantitative component of the ACL on loans is model-based and utilizes a forward-looking macroeconomic forecast. For commercial real estate loans, residential real estate loans, and commercial and industrial loans, the Company uses a discounted cash flow method, incorporating probability of default and loss given default forecasted based on statistically derived economic variable loss drivers, to estimate expected credit losses. This process includes estimates which involve modeling loss projections attributable to existing loan balances, and considering historical experience, current conditions, and future expectations for pools of loans over a reasonable and supportable forecast period. The historical information either experienced by the Company or by a selection of peer banks, when appropriate, is derived from a combination of recessionary and non-recessionary performance periods for which data is available. The expected loss estimates for the consumer loan segment are based on historical loss rates using the WARM method. 59  Although management believes it has established and maintained the allowance for credit losses at adequate levels for the current economic environment and supportable forecast period, if management’s assumptions and judgments prove to be incorrect due to changes in the economic environment and related adjustments to the quantitative components of the CECL methodology, and the allowance for credit losses is not adequate to absorb forecasted losses, our earnings and capital could be significantly and adversely affected. Analysis of Net Interest Income. The Company’s earnings are largely dependent on its net interest income, which is the difference between interest earned on loans and investments and the cost of funding (primarily deposits and borrowings). Net interest income expressed as a percentage of average interest-earning assets is referred to as net interest margin. For more information regarding the Company’s use of Non-GAAP financial measures see “Explanation of Use of Non-GAAP Financial Measurements.” Average Balance Sheet. The following table sets forth information relating to the Company for the years ended December 31, 2025, 2024 and 2023. The average yields and costs are derived by dividing interest income or interest expense by the average balance of interest-earning assets or interest-bearing liabilities, respectively, for the periods shown. Average balances are derived from average daily balances. The yields include fees which are considered adjustments to yields. Loan interest and yield data does not include any accrued interest from non-accruing loans. 60 [Excerpt truncated for page length; the complete text is on the linked full-MD&A page.] Read the full FY 2025 MD&A: /company/WNEB/mda/fy2025/ All MD&A years: /company/WNEB/mda/ ## MD&A history Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page. - [FY 2024 MD&A](/company/WNEB/mda/fy2024/): filed 2025-03-10; accession 0001839882-25-014778 (https://www.sec.gov/Archives/edgar/data/1157647/000183988225014778/wneb-10k_123124.htm) - [FY 2023 MD&A](/company/WNEB/mda/fy2023/): filed 2024-03-08; accession 0001999371-24-003319 (https://www.sec.gov/Archives/edgar/data/1157647/000199937124003319/wneb-10k_123123.htm) - [FY 2022 MD&A](/company/WNEB/mda/fy2022/): filed 2023-03-10; accession 0001387131-23-003325 (https://www.sec.gov/Archives/edgar/data/1157647/000138713123003325/wneb-10k_123122.htm) - [FY 2021 MD&A](/company/WNEB/mda/fy2021/): filed 2022-03-11; accession 0001387131-22-003574 (https://www.sec.gov/Archives/edgar/data/1157647/000138713122003574/wneb-10k_123121.htm) ## Macro cross-references Indicators mapped to this company's SIC classification (industry 6035 Savings Institution, Federally Chartered) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim. - [FEDFUNDS](/indicator/FEDFUNDS/): Federal Funds Effective Rate - [DFEDTARU](/indicator/DFEDTARU/): Federal Funds Target Range - Upper Limit - [DGS2](/indicator/DGS2/): Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity - [DGS10](/indicator/DGS10/): Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity - [T10Y2Y](/indicator/T10Y2Y/): 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity Macro-to-micro threads including this sector: [Interest rates & the Fed](/thread/interest-rates-fed/), [Money & trade](/thread/money-trade/), [Consumer & credit](/thread/consumer-credit/), [Government finances](/thread/government-finances/), [Sector employment](/thread/sector-employment/). All macro indicators: /indicators/ ## For LLMs & downloads Markdown twin: /company/WNEB.md · JSON record: /company/WNEB.json · verified financials: /company/WNEB/financials.json / /company/WNEB/financials.csv · machine TOC for the whole site: /llms.txt