WNEB News & Events

Reports Q4 revenue $18.8M, consensus $18.62M. Reports Q4 tangible book value per share $11.49. Reports Q4 CET1 capital ratio 12.21%. James Hagan, president and CEO, commented, "We are pleased to report solid earnings for the fourth quarter of 2025, along with strong loan growth and core deposit growth. Total loans increased $113.2 million, or 5.5%, and core deposits increased $111.9 million, or 7.2%, from December 31, 2024. At December 31, 2025, our non-interest-bearing deposits and total core deposits represented 25.2% and 70.8% of total deposits, respectively. Our loan growth and disciplined approach to managing funding costs have allowed us to expand our net interest margin to 2.91% during the three months ended December 31, 2025. This is the sixth consecutive quarter of growth in both net interest income and net interest margin for the Company. Asset quality remains strong, with nonperforming assets to total assets of 0.19%, total delinquency as a percentage of total loans of 0.14%, and strong loan reserve levels of 393.2% as a percentage of nonaccrual loans."

Reports Q3 tangible book value per share $11.22. Reports Q3 CET1 capital ratio 12.26%. James Hagan, president and CEO, commented, "We are pleased to report solid earnings for the third quarter of 2025, along with strong loan growth and core deposit growth. Core deposits increased $97.4 million, or 6.3%, from year-end and total loans increased $60.8 million, or 2.9%. From June 30, 2025 to September 30, 2025, total loans increased $38.7 million, or 1.9%, driven by an increase in commercial real estate loans of $31.9 million, or 3.0%, and an increase in residential real estate loans of $22.6 million, or 2.8%. Our loan growth and disciplined approach to managing funding costs have allowed us to expand our net interest margin to 2.81% as we continue to decrease the cost of interest-bearing liabilities and reduce our reliance on time deposits. Our asset quality remains solid, with nonperforming assets to total assets of 0.21%, and total delinquency as a percentage of total loans of 0.21%."