Western New England Bancorp Q1 net income more than doubles on  increased loan yields

Western New England Bancorp

28/04/2026 21:22

Overview

US regional bank's Q1 net income more than doubled yr/yr on higher net interest income

Net interest margin rose to 2.95% from 2.49% a year earlier

Company repurchased 186,000 shares under its 2025 buyback plan

Outlook

Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

NET INTEREST INCOME - Higher net interest income, driven by increased loan yields and lower funding costs, contributed to improved results

NON-INTEREST INCOME - Non-interest income rose, helped by bank-owned life insurance death benefits and higher wealth management income

LOAN AND DEPOSIT GROWTH - Modest increases in total loans and deposits supported balance sheet expansion

Company press release: ID:nGNXbQ52st

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.24
Q1 Net Income
$4.80 mln
Q1 Net Interest Income
$18.80 mln
Q1 Dividend
$0.07
Q1 Net Interest Margin
2.95%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Western New England Bancorp Inc is $14.00, about 0.2% above its April 27 closing price of $13.97

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)