Western New England Bancorp Inc 2025年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Commission File No.: 001-16767 Western New England Bancorp, Inc.(Exact name of registrant as specified in its charter) Massachusetts73-1627673(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 141 Elm Street, Westfield, Massachusetts 01085(Address of principal executive offices, including zip code) (413) 568-1911(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: (Title of each class)(Trading Symbol)(Name of each exchange on which registered)Common Stock, $0.01 par value per shareWNEBThe NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of the registrant as of June 30, 2025, was $189,164,244. This amountwas based on the closing price as of June 30, 2025 on the NASDAQ Global Select Market (“NASDAQ”) for a share of the registrant’scommon stock, which was $9.23 on June 30, 2025. As of March 3, 2026, the registrant had 20,260,598 shares of common stock, $0.01 par value, issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Proxy Statement for the 2026 Annual Meeting of Shareholders are incorporated by reference into Part III of this report. WESTERN NEW ENGLAND BANCORP, INC.ANNUAL REPORT ON FORM 10-KFOR THE FISCAL YEAR ENDEDDECEMBER 31, 2025 TABLE OF CONTENTS 1Business61ARisk Factors371BUnresolved Staff Comments501CCybersecurity502Properties523Legal Proceedings554Mine Safety Disclosures55 PART II 5Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of EquitySecurities566[Reserved]587Management’s Discussion and Analysis of Financial Condition and Results of Operations587AQuantitative and Qualitative Disclosures About Market Risk818Financial Statements and Supplementary Data819Changes in and Disagreements with Accountants on Accounting and Financial Disclosure819AControls and Procedures819BOther Information859CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections85PART III 10Directors, Executive Officers and Corporate Governance8511Executive Compensation8512Security Ownership of Certain Beneficial Owners and Management and Related S