Western New England Bancorp (WNEB) investor relations material

Executive summary

• Net income for Q2 2026 was $3.6 million ($0.18 per diluted share), down from $4.6 million in Q2 2025 and $4.8 million in Q1 2026; six-month net income rose to $8.4 million ($0.42 per share) from $6.9 million in 2025.

• Net interest income rose 9.5% year-over-year to $19.3 million for Q2 2026, with net interest margin up 20 basis points to 3.00%.

• Provision for credit losses increased due to a $1.8 million charge-off on a commercial real estate participation loan following a bankruptcy.

• Non-interest income was stable for the quarter and up 10.6% for the six months, with gains from BOLI death benefits and higher service charges.

• Non-interest expense increased 4.5% for the quarter and 4.9% for the six months, mainly from higher salaries, benefits, and software costs.

Financial highlights

• Total assets were $2.7 billion at June 30, 2026, down 0.1% from year-end 2025.

• Loans grew 0.5% to $2.19 billion, with residential real estate and commercial & industrial loans offsetting a decline in commercial real estate loans.

• Deposits rose 1.7% to $2.4 billion; core deposits were 69.4% of total deposits.

• Borrowings fell 41% to $62.6 million, with long-term borrowings down 65.8%.

• Shareholders’ equity was $248.3 million (9.1% of assets); book value per share was $12.39 and tangible book value per share was $11.72.

Outlook and guidance

• Management remains focused on disciplined capital management, loan growth, and proactive credit risk management.

• Ongoing monitoring of macroeconomic risks, including interest rates, inflation, and commercial real estate market conditions.

• The company expects to maintain strong capital and liquidity positions and is focused on disciplined growth in core markets.