Western New England Bancorp Q1 2024 10-Q Filed
Ticker: WNEB · Form: 10-Q · Filed: 2024-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: WNEB
TL;DR
WNEB filed its Q1 2024 10-Q. Financials look steady.
AI Summary
Western New England Bancorp, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial figures and disclosures relevant to investors are presented in this report.
Why It Matters
This filing provides investors with a detailed look at Western New England Bancorp's financial health and performance during the first quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- Western New England Bancorp, Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- 20240507 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 7, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001157647.
What is the company's Standard Industrial Classification (SIC) code?
The company's SIC code is 6035 for Savings Institution, Federally Chartered.
What was the previous company name and when did it change?
The former company name was WESTFIELD FINANCIAL INC, and the name change date was August 16, 2001.
From the Filing
0001999371-24-005722.txt : 20240507 0001999371-24-005722.hdr.sgml : 20240507 20240507160611 ACCESSION NUMBER: 0001999371-24-005722 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Western New England Bancorp, Inc. CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance IRS NUMBER: 731627673 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 24921793 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 413-568-1911 MAIL ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 FORMER COMPANY: FORMER CONFORMED NAME: WESTFIELD FINANCIAL INC DATE OF NAME CHANGE: 20010816 10-Q 1 wneb-10q_033124.htm QUARTERLY REPORT false 2024 Q1 --12-31 0001157647 4716 5999 5837 6421 P3Y P1Y P3Y P3Y P3Y P3Y P3Y P3Y P3Y P3Y http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities 0001157647 2024-01-01 2024-03-31 0001157647 2024-05-01 0001157647 2024-03-31 0001157647 2023-12-31 0001157647 2023-01-01 2023-03-31 0001157647 us-gaap:CommonStockMember 2022-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2022-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-12-31 0001157647 us-gaap:RetainedEarningsMember 2022-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001157647 2022-12-31 0001157647 us-gaap:CommonStockMember 2023-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-12-31 0001157647 us-gaap:RetainedEarningsMember 2023-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001157647 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-01-01 2023-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-01-01 2023-03-31 0001157647 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001157647 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2024-01-01 2024-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2024-01-01 2024-03-31 0001157647 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001157647 us-gaap:CommonStockMember 2023-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-03-31 0001157647 us-gaap:RetainedEarningsMember 2023-03-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001157647 2023-03-31 0001157647 us-gaap:CommonStockMember 2024-03-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2024-03-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2024-03-31 0001157647 us-gaap:RetainedEarningsMember 2024-03-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001157647 us-gaap:AccountingStandardsUpdate201613Member 2023-01-01 2023-03-31 0001157647 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-03-31 0001157647 us-ga