The EPS beat is positive, but the jump in criticized loans (two commercial relationships totaling $21.5M downgraded to special mention) warrants monitoring for potential provisioning increases in coming quarters. The stock may trade modestly higher on the beat, but credit quality trends cap upside.
Price Chart
Executive Summary
WNEB reported Q1 2026 diluted EPS of $0.24, beating consensus of $0.21 by 14.3%, and net interest income rose 21.2% YoY to $18.8M. However, sequential EPS declined from $0.26 in Q4 2025, and criticized loans jumped to 2.7% from 1.8% due to two commercial relationship downgrades, signaling emerging credit risk.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS $0.24 vs consensus $0.21 (beat 14.3%)
- Net interest income $18.8M, flat sequentially, up 21.2% YoY
- Net interest margin expanded 46 bps YoY to 2.95%
- Criticized loans increased to $58.7M (2.7% of loans) from $39.7M (1.8%)
- Company repurchased 186,000 shares at $13.48 avg; $0.07 quarterly dividend declared
- Non-interest income included $449K BOLI death benefit (non-recurring)
Financial Impact
EPS beat by $0.03 vs consensus, but sequential decline of $0.02
Risk Factors
- Two commercial relationships downgraded to special mention could lead to future credit losses
- Sequential net income decline of 8.3% from Q4 2025
- Core deposits mix weakened slightly to 70.2% from 70.8%
- Non-interest expense growth outpaced revenue growth on a sequential basis
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001999371-26-009255 |
| Exhibit: ex99-2.htm | 0001999371-26-009255 |
| Document: wneb-8k_042826.htm | 0001999371-26-009255 |
| Document: 0001999371-26-009255-index-headers.html | 0001999371-26-009255 |
| Document: 0001999371-26-009255-index.html | 0001999371-26-009255 |
| Document: 0001999371-26-009255.txt | 0001999371-26-009255 |
| 8-K Data (Synthetic) | 0001999371-26-009255 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 14, 2026 23w ago | 8-K | $13.23 $13.68 | ▲ +3.40% | ▲ +4.26% | $13.81 (+4.38%) |
Apr 28, 2026 25w ago | 8-K | $13.92 $13.32 | ▼ −4.29% | ▼ −10.34% | $13.81 (−0.77%) |
Apr 3, 2026 29w ago | DEFA14A | $13.19 $13.85 | ▲ +5.00% | ▼ −3.98% | $13.81 (+4.70%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers