Western New England Bancorp Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the quarterly period ended June 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period from ___________ to ___________ Commission File Number: 001-16767 Western New England Bancorp, Inc. (Exact name of registrant as specified in its charter) 73-1627673(IRS Employer Identification Number) (State or other jurisdiction of incorporation ororganization) 01086(Zip Code) 141 Elm Street, Westfield, Massachusetts(Address of principal executive offices) (413) 568-1911(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been 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 submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, 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. Accelerated filer☒Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ At August 3, 2026 the registrant had 20,045,872 shares of common stock, $0.01 par value, issued and outstanding. TABLE OF CONTENTS FORWARD-LOOKING STATEMENTSiPART I – FINANCIAL INFORMATION1Item 1.Financial Statements of Western New England Bancorp, Inc. and Subsidiaries (Unaudited)1Consolidated Balance Sheets – June 30, 2026 and December 31, 20251Consolidated Statements of Net Income – Three and Six Months Ended June 30, 2026 and 20252Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 30, 2026 and 20253Consolidated Statements of Changes in Shareholders’ Equity – Three and Six Months Ended June 30, 2026 and 20254Consolidated Statements of Cash Flows – Six Months Ended June 30, 2026 and 20256Notes to Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations41Item 3.Quantitative and Qualitative Disclosures About Market Risk63Item 4.Controls and Procedures63PART II – OTHER INFORMATION63Item 1.Legal Proceedings63Item 1A.Risk Factors64Item 2.Unregistered Sales of Equity Securities and Use of Proceeds64Item 3.Defaults upon Senior Securities64Item 4.Mine Safety Disclosures64Item 5.Other Information64Item 6.Exhibits65 FORWARD–LOOKING STATEMENTS We may, from time to time, make written or oral “forward-looking statements” within the meaning of Section 27A of the Securities Act of1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to Western New England Bancorp,Inc.’s (the “Company”) financial condition, liquidity, results of operations, future performance, and business. Forward-looking statementsmay be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” and “potential.”Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results ofoperations and business that are subject to various factors which could cause actual results to differ materially from these estimates. Thesefactors include, but are not limited to: ●unpredictable changes in general economic or political conditions, financial markets, fiscal, monetary and regulatory policies,including actual or potential stress in the banking industry;●the possibility that future credit losses, loan defaults and charge-off rates are higher than expected due to changes in economicassumptions or adverse economic developments;●general business and economic conditions on a national basis and in the local markets in which we operate, including thoseimpacting credit quality;●unstable political and econom