AI Earnings Predictions for Western New England Bancorp Inc. (WNEB)

EX-99.1

2 ex99-1.htm

PRESS RELEASE OF WESTERN NEW ENGLAND BANCORP, INC. DATED OCTOBER 27, 2026

Western New England Bancorp, Inc.

Exhibit 99.1

For further information contact:

James C. Hagan, President and CEO

Guida R. Sajdak, Executive Vice President and CFO

Meghan Hibner, First Vice President and Investor Relations Officer

413-568-1911

WESTERN NEW ENGLAND BANCORP, INC. REPORTS RESULTS

FOR THREE AND NINE MONTHS

ENDED SEPTEMBER 30, 2026 AND DECLARES QUARTERLY CASH DIVIDEND

THE COMPANY ALSO ANNOUNCES A NEW 5% SHARE REPURCHASE

PLAN

Westfield, Massachusetts, October 27, 2026: Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2026. For the three months ended September 30, 2026, the Company reported net income of $6.3 million, or $0.32 per diluted share, compared to net income of $3.2 million, or $0.16 per diluted share, for the three months ended September 30, 2025. On a linked quarter basis, net income was $6.3 million, or $0.32 per diluted share, as compared to net income of $3.6 million, or $0.18 per diluted share, for the three months ended June 30, 2026. For the nine months ended September 30, 2026, net income was $14.7 million, or $0.74 per diluted share, compared to net income of $10.1 million, or $0.50 per diluted share, for the nine months ended September 30, 2025.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share on the Company’s common stock. The dividend will be payable on or about November 25, 2026 to shareholders of record on November 11, 2026.

In addition, the Company announced that today its Board of Directors authorized a new stock repurchase plan (the “2026 Plan”), pursuant to which the Company may repurchase up to 1.0 million shares of the Company’s common stock, or approximately 5.0% of the Company’s outstanding common stock as of today. The 2026 Plan will commence upon the completion of the Company’s existing stock repurchase plan (the “2025 Plan”). The 2025 Plan was approved by the Board of Directors on April 22, 2025. At September 30, 2026, there were 276,465 shares of common stock available for repurchase under the 2025 Plan.

James C. Hagan, President and Chief Executive Officer, commented, “I am pleased to report the results for the third quarter of 2026. Our diversified loans and deposits, along with our disciplined approach to managing funding costs, resulted in an increase in the net interest margin to 3.07%. At September 30, 2026, core deposits and non-interest-bearing deposits represented 69.8% and 25.3% of total deposits, respectively, while the average cost of deposits stood at 1.73% for the three months ended September 30, 2026.

We continue to focus on extending credit within our markets and servicing the needs of our existing customer base while ensuring new opportunities present the appropriate risk-adjusted return. Consistent with our prudent credit culture, we continue to proactively identify and manage credit risk within the loan portfolio. At September 30, 2026, our asset quality remained strong, with total delinquency at 0.41% of total loans, and total nonaccrual loans at 0.36% of total loans.

We remain disciplined in our capital management strategies. During the nine months ended September 30, 2026, we repurchased 596,000 shares of common stock and have 276,465 shares of common stock available for repurchase under the 2025 Plan.”

Hagan concluded, “Today, we announced the 2026 Plan, which will commence upon the completion of the 2025 Plan. We continue to believe that repurchasing shares represents a valuable use of the Company’s capital and is an integral element of our capital management strategies. We are pleased to be able to continue to return value to shareholders through share repurchases and quarterly cash dividends. Our commitment to strong capital and strong liquidity levels gives us a solid foundation to take advantage of opportunities in the markets we serve and to enhance shareholder value in the long term.”

1

Key Highlights:

Loans and Deposits

At September 30, 2026, total loans increased $11.1 million, or 0.5%, from $2.2 billion, or 79.7% of total assets, at December 31, 2025, to $2.2 billion, or 79.8% of total assets. The increase was primarily driven by an increase in residential real estate loans, including home equity loans, of $57.3 million, or 6.7%, partially offset by a decrease in commercial real estate loans of $40.6 million, or 3.7%, and a decrease in commercial and industrial loans of $4.9 million, or 2.2%. At September 30, 2026, total deposits of $2.4 billion increased $67.2 million, or 2.8%, from December 31, 2025, primarily due to an increase in time deposits of $42.2 million, or 6.1%, and an increase in core deposits of $25.0 million, or 1.5%.

Allowance for Credit Losses and Credit Qual

EX-99.1

2 ex99-1.htm

PRESS RELEASE

WESTERN NEW ENGLAND BANCORP, INC. 8-K

Exhibit 99.1

For further information contact:

James C. Hagan, President and CEO

Guida R. Sajdak, Executive Vice President and CFO

Meghan Hibner, First Vice President and Investor Relations Officer

413-568-1911

WESTERN

NEW ENGLAND BANCORP, INC. REPORTS RESULTS FOR THREE AND SIX MONTHS ENDED JUNE 30, 2026, AND DECLARES QUARTERLY CASH DIVIDEND

Westfield, Massachusetts, July 28, 2026: Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and six months ended June 30, 2026. For the three months ended June 30, 2026, the Company reported net income of $3.6 million, or $0.18 per diluted share, compared to net income of $4.6 million, or $0.23 per diluted share, for the three months ended June 30, 2025. On a linked quarter basis, net income was $3.6 million, or $0.18 per diluted share, as compared to net income of $4.8 million, or $0.24 per diluted share, for the three months ended March 31, 2026. For the six months ended June 30, 2026, net income was $8.4 million, or $0.42 per diluted share, compared to net income of $6.9 million, or $0.34 per diluted share, for the six months ended June 30, 2025.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share on the Company’s common stock. The dividend will be payable on or about August 26, 2026 to shareholders of record on August 12, 2026.

James C. Hagan, President and Chief Executive Officer, commented, “I am pleased to report the results for the second quarter of 2026. Our diversified loans and deposits, along with our disciplined approach to managing funding costs, resulted in an increase in the net interest margin to 3.00%. At June 30, 2026, core deposits and non-interest-bearing deposits represented 69.4% and 25.0% of total deposits, respectively, while the average cost of deposits stood at 1.74% for the three months ended June 30, 2026.

We continue to focus on extending credit within our markets and servicing the needs of our existing customer base while ensuring new opportunities present the appropriate risk-adjusted return. Consistent with our prudent credit culture, we continue to proactively identify and manage credit risk within the loan portfolio. At June 30, 2026, our asset quality remained strong, with total delinquency at 0.21% of total loans, and total nonaccrual loans at 0.35% of total loans.”

Hagan concluded, “We remain disciplined in our capital management strategies. During the six months ended June 30, 2026, we repurchased 381,000 shares of common stock and have 491,465 shares of common stock available for repurchase under the 2025 Repurchase Plan. We remain committed to delivering long-term value to shareholders through capital management strategies, which include continued loan growth, share repurchases and quarterly cash dividends.”

Key Highlights:

Loans and Deposits

At June 30, 2026, total loans increased $9.9 million, or 0.5%, from $2.2 billion, or 79.7% of total assets, at December 31, 2025, to $2.2 billion, or 80.2% of total assets. The increase was primarily driven by an increase in residential real estate loans, including home equity loans, of $31.7 million, or 3.7%, and an increase in commercial and industrial loans of $12.5 million, or 5.6%, partially offset by a decrease in commercial real estate loans of $33.7 million, or 3.1%. At June 30, 2026, total deposits of $2.4 billion increased $40.5 million, or 1.7%, from December 31, 2025, primarily due to an increase in time deposits of $45.8 million, or 6.6%.

1

Allowance for Credit Losses and Credit Quality

At June 30, 2026, the allowance for credit losses was $20.2 million, or 0.92% of total loans, compared to $20.3 million, or 0.93% of total loans, at December 31, 2025. The allowance for credit losses, as a percentage of nonaccrual loans, was 260.2% and 393.2% at June 30, 2026, and December 31, 2025, respectively. At June 30, 2026, nonaccrual loans totaled $7.8 million, or 0.35% of total loans, compared to $5.2 million, or 0.24% of total loans, at December 31, 2025. Total delinquent loans increased from $3.1 million, or 0.14% of total loans, at December 31, 2025, to $4.7 million, or 0.21% of total loans, at June 30, 2026. Of the $4.7 million in past due loans, 95.1% are residential real estate loans. At June 30, 2026, and December 31, 2025, the Company did not have any other real estate owned.

Net Interest Margin

The net interest margin increased five basis points from 2.95% for the three months ended March 31, 2026 to 3.00% for the three months ended June 30, 2026. The net interest margin, on a tax-equivalent basis, increased five basis points from 2.97% for the three months ended March 31, 2026, to 3.02% for the three months ended June 30, 2026.

Stock Repurchase Program

On April 22, 2025, the Board of D

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