Net interest income reached $18.8 million in 2026Q1, though the net interest margin remains constrained at a stagnant 0.7% level.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 |
|---|
| Net Interest Income | 73.39M | 70.1M | 59.82M | 67.91M | 79.23M | 73.18M | 64.43M | 57.98M | 60.01M | 59.39M | 37.31M | 31.68M | 31.07M | 30.74M | 30.44M | 30.54M | 29.38M | 32.51M | 31.75M | 30.18M | 22.88M | 23.71M | 23.52M | 21.78M | 24.24M | 22.54M | 22.18M |
| NII Growth % | 89.23% | 17.19% | -11.92% | -14.29% | 8.27% | 13.58% | 11.13% | -3.39% | 1.04% | 59.18% | 17.77% | 1.98% | 1.06% | 0.99% | -0.32% | 3.93% | -9.62% | 2.38% | 5.22% | 31.87% | -3.48% | 0.83% | 7.98% | -10.15% | 7.53% | 1.61% | - |
| Net Interest Margin % | 2.65% | 2.56% | 2.25% | 2.65% | 3.1% | 2.88% | 2.72% | 2.66% | 2.83% | 2.85% | 1.8% | 2.36% | 2.35% | 2.41% | 2.34% | 2.42% | 2.37% | 2.73% | 2.86% | 2.9% | 2.3% | 2.94% | 2.95% | 2.74% | 2.98% | 2.88% | 3.19% |
| Interest Income | 120.46M | 118.62M | 109.83M | 101.12M | 85.93M | 79.85M | 82.88M | 82.12M | 78.99M | 74.04M | 48.6M | 42.48M | 40.99M | 41.03M | 43.1M | 45.01M | 46.15M | 52.53M | 54.06M | 53.58M | 42.44M | 37.31M | 34.43M | 35.63M | 43.01M | 47.54M | 46.72M |
| Interest Expense | 47.08M | 48.52M | 50.02M | 33.21M | 6.7M | 6.67M | 18.45M | 24.14M | 18.98M | 14.64M | 11.29M | 10.79M | 9.92M | 10.29M | 12.66M | 14.47M | 16.77M | 20.02M | 22.3M | 23.41M | 19.55M | 13.6M | 10.91M | 13.86M | 18.77M | 25M | 24.54M |
| Loan Loss Provision | 753K | 820K | -665K | 872K | 700K | -925K | 7.78M | 2.67M | 1.9M | 1.36M | 575K | 1.27M | 1.57M | -256K | 698K | 1.21M | 8.92M | 3.9M | 3.45M | 400K | 390K | 465K | 750K | 750K | 934K | 1.63M | 1.09M |
| Non-Interest Income | 11.88M | 11.21M | 12.91M | 10.9M | 13.33M | 12.56M | 9.25M | 9.71M | 9.23M | 8.5M | 6.89M | 6.17M | 4.46M | 7.64M | 7.01M | 3.81M | 7.39M | 3.5M | 4.8M | 4.56M | 3.07M | 3.37M | -18.87M | -17.95M | -23.67M | -18.39M | -18.24M |
| Non-Interest Income % | 8.98% | 8.63% | 10.52% | 9.73% | 13.43% | 13.6% | 10.04% | 10.57% | 10.47% | 10.3% | 12.41% | 12.67% | 9.81% | 15.7% | 13.98% | 7.8% | 13.8% | 6.24% | 8.16% | 7.84% | 6.75% | 8.29% | -121.27% | -101.53% | -122.32% | -63.1% | -64.04% |
| Total Revenue | 132.35M | 129.83M | 122.74M | 112.02M | 99.26M | 92.41M | 92.13M | 91.82M | 88.22M | 82.54M | 55.48M | 48.64M | 45.45M | 48.67M | 50.11M | 48.81M | 53.54M | 56.03M | 58.86M | 58.15M | 45.51M | 40.68M | 15.56M | 17.68M | 19.35M | 29.15M | 28.48M |
| Revenue Growth % | 23.39% | 5.77% | 9.57% | 12.85% | 7.41% | 0.31% | 0.33% | 4.08% | 6.89% | 48.76% | 14.07% | 7.02% | -6.62% | -2.87% | 2.66% | -8.83% | -4.44% | -4.81% | 1.23% | 27.77% | 11.87% | 161.44% | -12.01% | -8.61% | -33.63% | 2.35% | - |
| Non-Interest Expense | 62.01M | 61.18M | 58.43M | 58.35M | 57.23M | 54.94M | 51.75M | 47.81M | 46.24M | 44.79M | 36.22M | 28.73M | 25.91M | 30.01M | 28.24M | 25.96M | 24.81M | 25.38M | 24.62M | 21.82M | 19.39M | 18.46M | -4.99M | -3.4M | -6.64M | -5.01M | -6.41M |
| Efficiency Ratio | 46.85% | 47.12% | 47.61% | 52.09% | 57.66% | 59.45% | 56.17% | 52.07% | 52.41% | 54.26% | 65.28% | 59.07% | 57% | 61.66% | 56.35% | 53.18% | 46.34% | 45.3% | 41.82% | 37.54% | 42.61% | 45.39% | -32.07% | -19.21% | -34.35% | -17.19% | -22.51% |
| Operating Income | 22.51M | 19.3M | 14.96M | 19.58M | 34.63M | 31.72M | 14.16M | 17.2M | 21.11M | 21.75M | 7.4M | 7.84M | 8.04M | 8.63M | 8.51M | 7.18M | 3.04M | 6.73M | 8.49M | 12.51M | 6.18M | 8.15M | 8.88M | 6.47M | 6.28M | 7.53M | 9.27M |
| Operating Margin % | 17.01% | 14.87% | 12.19% | 17.48% | 34.89% | 34.33% | 15.37% | 18.73% | 23.93% | 26.35% | 13.34% | 16.12% | 17.7% | 17.72% | 16.98% | 14.71% | 5.68% | 12.01% | 14.42% | 21.52% | 13.57% | 20.04% | 57.11% | 36.6% | 32.48% | 25.83% | 32.53% |
| Operating Income Growth % | - | 29.02% | -23.6% | -43.45% | 9.16% | 124.1% | -17.7% | -18.51% | -2.94% | 193.77% | -5.56% | -2.55% | -6.76% | 1.37% | 18.52% | 136.18% | -54.8% | -20.74% | -32.18% | 102.56% | -24.23% | -8.25% | 37.3% | 2.99% | -16.55% | -18.74% | - |
| Pretax Income | 23M | 19.79M | 14.96M | 19.58M | 34.63M | 31.72M | 14.16M | 17.2M | 21.11M | 21.75M | 7.4M | 7.84M | 8.04M | 8.63M | 8.51M | 7.18M | 3.04M | 6.73M | 8.49M | 12.51M | 6.18M | 8.15M | 8.88M | 6.47M | 6.28M | 7.53M | 9.27M |
| Pretax Margin % | 17.38% | 15.24% | 12.19% | 17.48% | 34.89% | 34.33% | 15.37% | 18.73% | 23.93% | 26.35% | 13.34% | 16.12% | 17.7% | 17.72% | 16.98% | 14.71% | 5.68% | 12.01% | 14.42% | 21.52% | 13.57% | 20.04% | 57.11% | 36.6% | 32.48% | 25.83% | 32.53% |
| Income Tax | 5.25M | 4.52M | 3.29M | 4.52M | 8.74M | 8.03M | 2.94M | 3.85M | 4.7M | 9.43M | 2.57M | 2.12M | 1.88M | 1.87M | 2.26M | 1.31M | 34K | 1.27M | 1.79M | 3.81M | 1.52M | 1.93M | 2.56M | 2.82M | 2.24M | 2.51M | 3.19M |
| Effective Tax Rate % | 22.85% | 22.84% | 22% | 23.06% | 25.24% | 25.3% | 20.78% | 22.39% | 22.27% | 43.35% | 34.7% | 27.1% | 23.4% | 21.69% | 26.51% | 18.19% | 1.12% | 18.84% | 21.15% | 30.47% | 24.66% | 23.71% | 28.84% | 43.58% | 35.64% | 33.36% | 34.38% |
| Net Income | 17.74M | 15.27M | 11.67M | 15.07M | 25.89M | 23.7M | 11.21M | 13.35M | 16.41M | 12.32M | 4.83M | 5.71M | 6.16M | 6.76M | 6.25M | 5.87M | 3.01M | 5.46M | 6.69M | 8.7M | 4.65M | 6.22M | 6.32M | 3.65M | 4.04M | 5.02M | 6.08M |
| Net Margin % | 13.41% | 11.76% | 9.5% | 13.45% | 26.08% | 25.64% | 12.17% | 14.54% | 18.6% | 14.93% | 8.71% | 11.75% | 13.56% | 13.88% | 12.48% | 12.03% | 5.61% | 9.74% | 11.37% | 14.96% | 10.23% | 15.29% | 40.64% | 20.65% | 20.9% | 17.21% | 21.35% |
| Net Income Growth % | 61.18% | 30.88% | -22.58% | -41.79% | 9.23% | 111.32% | -15.99% | -18.64% | 33.18% | 154.86% | -15.42% | -7.25% | -8.79% | 8.03% | 6.47% | 95.41% | -44.94% | -18.41% | -23.09% | 86.94% | -25.16% | -1.64% | 73.19% | -9.72% | -19.39% | -17.48% | - |
| Net Income (Continuing) | 17.74M | 15.27M | 11.67M | 15.07M | 25.89M | 23.7M | 11.21M | 13.35M | 16.41M | 12.32M | 4.83M | 5.71M | 6.16M | 6.76M | 6.25M | 5.87M | 3.01M | 5.46M | 6.69M | 8.7M | 4.65M | 6.22M | 6.32M | 3.65M | 4.04M | 5.02M | 6.08M |
| EPS (Diluted) | 0.88 | 0.75 | 0.56 | 0.70 | 1.18 | 1.02 | 0.45 | 0.51 | 0.57 | 0.41 | 0.24 | 0.33 | 0.34 | 0.34 | 0.26 | 0.22 | 0.11 | 0.18 | 0.22 | 0.29 | 0.05 | 0.06 | 0.06 | 0.11 | 0.12 | 0.15 | 0.18 |
| EPS Growth % | 67.61% | 33.93% | -20% | -40.68% | 15.69% | 126.67% | -11.76% | -10.53% | 39.02% | 70.83% | -27.27% | -2.94% | 0% | 30.77% | 18.18% | 100% | -38.89% | -18.18% | -24.14% | 534.57% | -25.08% | 0% | -44.55% | -8.33% | -20% | -16.67% | - |
| EPS (Basic) | - | 0.76 | 0.56 | 0.70 | 1.18 | 1.02 | 0.45 | 0.51 | 0.57 | 0.41 | 0.25 | 0.33 | 0.34 | 0.34 | 0.26 | 0.22 | 0.11 | 0.19 | 0.22 | 0.29 | 0.05 | 0.06 | 0.06 | 0.11 | 0.12 | 0.15 | 0.18 |
| Diluted Shares Outstanding | 20.07M | 20.21M | 21.02M | 21.61M | 21.94M | 23.3M | 25.06M | 26.3M | 29.03M | 30.03M | 19.8M | 17.5M | 18.18M | 20.08M | 24.52M | 26.59M | 27.79M | 29.58M | 30.19M | 30M | 31.42M | 32.23M | 32.77M | 33.28M | 34.92M | 32.9M | 32.9M |
CRE concentration and liquidity
As reported in recent financial statements, WNEB's net interest income reached $18.8 million in 2026Q1, marking a significant recovery from the $14.5 million low observed in 2024Q2, suggesting that the bank has successfully navigated the recent interest rate cycle to expand its core interest-earning capacity.
The trajectory of NII growth, which accelerated to 21.2% year-over-year in 2026Q1, indicates that the bank is effectively repricing its loan portfolio. Investors should monitor whether this expansion is sustainable or if it remains highly sensitive to future deposit beta adjustments in the competitive New England market.
Based on the provided quarterly data, WNEB's net interest margin has remained stagnant at 0.7% throughout the 2025-2026 period, indicating that despite rising interest income, the bank's funding costs are likely offsetting potential margin expansion and limiting the profitability of its core lending activities.
The lack of NIM expansion suggests that the bank is struggling to lower its cost of funds, likely due to the sticky nature of municipal deposits and competitive pressures. This compression warrants further investigation into the bank's deposit mix and its ability to maintain spreads in a volatile rate environment.
According to the bank's reported figures, the efficiency ratio has stabilized near 47.5% as of 2026Q1, reflecting management's ongoing efforts to control non-interest expenses while scaling the business, though this remains higher than the levels seen in the mid-2024 period of 45.4%.
The bank appears to be managing its fixed-cost base effectively, yet the fluctuation in the efficiency ratio suggests that operating leverage is not yet fully optimized. Continued focus on branch network consolidation will be critical to maintaining these levels if revenue growth begins to decelerate.
As indicated by the income statement, the provision for loan losses has fluctuated significantly, moving from a $75,000 expense in 2026Q1 to a $762,000 benefit in 2024Q4, which suggests that the bank's earnings are highly sensitive to subjective CECL-based economic forecasting and regional credit risk assessments.
The volatility in provision expense implies that the bank's bottom line is susceptible to shifts in regional economic health, particularly within its CRE portfolio. Investors should monitor the OREO line and non-performing asset levels as leading indicators of whether these provisions are sufficient to cover potential future credit losses.
Quick answers to the most common questions about buying WNEB stock.
Western New England Bancorp, Inc. (WNEB) is profitable, generating $15.3M in net income for the fiscal year ending 2025 with a net profit margin of 11.8%.
Western New England Bancorp, Inc. (WNEB) reported an operating income of $19.3M, resulting in an operating profit margin of 14.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Western New England Bancorp, Inc. (WNEB) generated $80.5M in gross profit for the year, representing a gross profit margin of 62.0%. This demonstrates the company's core pricing power and production efficiency.