Western New England Bancorp Q2 net income rises 30.7%

Western New England Bancorp

22/07/2025 21:49

Overview

Western New England Bancorp Q2 net income rises 30.7% yr/yr to $4.6 mln

Net interest income up 21.9%, net interest margin improves to 2.80%

Company repurchased 290,609 shares under 2025 plan

Outlook

Company focuses on loan growth and reducing reliance on time deposits

Company aims to expand net interest margins through managing funding costs

Result Drivers

LOAN GROWTH - Co reports increase in commercial and industrial loans by $22.8 mln, or 10.8%, and residential real estate loans by $29.7 mln, or 3.8%

DEPOSIT STRATEGY - Core deposits rose $81.4 mln, or 5.2% since year-end

NET INTEREST MARGIN - Net interest margin improved to 2.80%, driven by higher interest income and lower interest expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.23
Q2 Net Income
$4.60 mln
Q2 Net Interest Income
$17.60 mln
Q2 Dividend
$0.07
Q2 Net Interest Margin
2.8%


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 $10.00, about 0.4% below its July 21 closing price of $10.04

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX2Br7GG

(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.)