Western New England Bancorp (WNEB) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $3.2 million ($0.16 per diluted share), up from $1.9 million ($0.09 per share) in Q3 2024, but down from $4.6 million ($0.23 per share) in Q2 2025; nine-month net income was $10.1 million ($0.50 per share), up from $8.4 million ($0.40 per share) year-over-year.

• Net interest income rose 22.8% year-over-year for the quarter, driven by higher interest-earning assets and improved yields, while interest expense declined.

• Total assets increased 3.1% since year-end 2024, reaching $2.7 billion, with loan growth and higher investment securities balances.

• Quarterly cash dividend of $0.07 per share declared, payable November 26, 2025.

Financial highlights

• Net interest income for Q3 2025 was $18.1 million, up from $14.7 million in Q3 2024; nine-month net interest income was $51.3 million, up 15.1% year-over-year.

• Net interest margin for Q3 2025 was 2.81%, up from 2.40% in Q3 2024; nine-month margin was 2.70%, up from 2.46%.

• Non-interest income for Q3 2025 was $3.2 million, up 1.0% year-over-year.

• Non-interest expense for Q3 2025 increased 9.5% year-over-year to $15.8 million.

• Efficiency ratio improved to 74.2% for Q3 2025 from 80.6% in Q3 2024; nine-month efficiency ratio was 76.9%, improved from 80.3% in 2024.

Outlook and guidance

• Management continues to monitor macroeconomic variables, including interest rates, inflation, and economic downturn risks, and believes reserves are appropriate for the current environment.

• Management remains focused on disciplined capital management, continued loan and core deposit growth, and ongoing share repurchases and dividends.

• No material changes to risk factors or critical accounting policies were reported for the period.