Western New England Bancorp, Inc. (NasdaqGS: WNEB) reported unaudited financial results for the three and nine months ended September 30, 2026, and announced a quarterly cash dividend. For the third quarter of 2026, the Company recorded net income of $6.3 million, or $0.32 per diluted share. This compares to net income of $3.2 million, or $0.16 per diluted share, for the same period in the prior year. On a linked quarter basis, net income was $6.3 million, or $0.32 per diluted share, compared to $3.6 million, or $0.18 per diluted share, for the second quarter of 2026.
For the nine months ended September 30, 2026, net income totaled $14.7 million, or $0.74 per diluted share, an increase from $10.1 million, or $0.50 per diluted share, for the first nine months of 2025. The Company’s Board of Directors declared a quarterly cash dividend of $0.07 per share on the Company’s common stock. The dividend is payable on or about November 25, 2026, to shareholders of record on November 11, 2026.
In addition to the dividend announcement, the Company announced a new stock repurchase plan (the “2026 Plan”). The Board authorized the repurchase of up to 1.0 million shares of common stock, representing approximately 5.0% of the Company’s outstanding shares as of October 27, 2026. Repurchases under the 2026 Plan are scheduled to commence upon the completion of the Company’s existing 2025 Plan, which was approved on April 22, 2025. As of September 30, 2026, there were 276,465 shares of common stock available for repurchase under the 2025 Plan. During the nine months ended September 30, 2026, the Company repurchased 596,000 shares of common stock at an average price per share of $13.72.
Management highlighted that the net interest margin increased to 3.07% for the third quarter of 2026, up seven basis points from the prior quarter. At September 30, 2026, total loans stood at $2.2 billion, an increase of $11.1 million from December 31, 2025. Total deposits were $2.4 billion, an increase of $67.2 million over the same period. The Company reported total delinquency at 0.41% of total loans and total nonaccrual loans at 0.36% of total loans as of September 30, 2026.
