WNEB Q3 Profit Doubles to $6.3M; Board Authorizes New 1M-Share Buyback
WNEB sits 37% above its 52-week low of $11.08.
Summary
Western New England Bancorp earned $6.3 million, or $0.32 per diluted share, in Q3 2026, double the prior year, and authorized a new buyback of up to 1.0 million shares, about 5.0% of shares outstanding, alongside a $0.07 quarterly dividend.
Key Events · Earnings and Guidance · WNEB
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Q3 Earnings Double Year Over Year
Net income was $6.3 million, or $0.32 per diluted share, versus $3.2 million, or $0.16, a year earlier, and up from $3.6 million, or $0.18, in Q2 2026.
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New 1M-Share Buyback Authorized
The board approved the 2026 Plan for up to 1.0 million shares, approximately 5.0% of shares outstanding, commencing after the 276,465 shares remaining under the 2025 Plan are repurchased.
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Margin Widens, Credit Reversal Booked
Net interest margin rose to 3.07% from 2.81% a year ago, and the company recorded a $971,000 reversal of credit losses versus a $1.6 million provision in Q2 2026.
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Delinquencies and Criticized Loans Rise
Total delinquent loans increased to $9.1 million, or 0.41% of total loans, from $3.1 million, or 0.14%, at December 31, 2025, and criticized loans totaled $57.7 million, or 2.6% of total loans.
Analysis · WNEB · Finance
Third-quarter net income doubled year over year to $6.3 million, or $0.32 per diluted share, as the net interest margin widened to 3.07% and the company booked a $971,000 credit reversal instead of a provision. Alongside that, the board authorized a fresh plan to repurchase up to 1.0 million shares, roughly 5.0% of the shares outstanding, which starts only after the 276,465 shares left in the 2025 plan are used up. The offsetting item is credit: total delinquent loans jumped to $9.1 million, or 0.41% of total loans, from $3.1 million, or 0.14%, at year-end, and criticized loans stand at $57.7 million, or 2.6% of total loans. The quarter's earnings beat is real, but the deterioration in residential and commercial credit metrics is what determines whether it holds.
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In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WNEB was trading at $15.16 on NASDAQ in the Finance sector, with a market capitalization of approximately $277.4M. The 52-week trading range was $11.08 to $15.01. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.