Western New England Bancorp, Inc. Reports Results for Three and Six Months Ended June 30, 2022 and Declares Quarterly Cash Dividend

WESTFIELD, Mass., July 26, 2022 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and six months ended June 30, 2022. For the three months ended June 30, 2022, the Company reported net income of $5.5 million, or $0.25 per diluted share, compared to net income of $5.7 million, or $0.24 per diluted share, for the three months ended June 30, 2021. On a linked quarter basis, net income was $5.5 million, or $0.25 per diluted share, as compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2022. For the six months ended June 30, 2022, net income was $10.9 million, or $0.49 per diluted share, compared to net income of $11.4 million, or $0.47 per diluted share, for the six months ended June 30, 2021.

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