Western New England Bancorp slides after Q2 profit miss

Western New England Bancorp

29/07/2026 18:47

** Community lender Western New England Bancorp's WNEB.O shares slide 11% to $13.03
** WNEB late Tuesday reported Q2 profit below Wall Street estimates as elevated credit costs tied to a commercial real estate participation loan weighed
** Borrower filed for Chapter 11 bankruptcy in June - WNEB
** "In spite of the credit noise in 2Q, we do still continue to view WNEB as a very conservatively run institution though with expected profitability below peer levels and no clear catalyst for meaningful improvement here," Piper Sandler analysts said
** All three brokerages covering the stock rate "hold"; median PT $15 - data compiled by LSEG
** As of last close, WNEB stock up 16.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))