Western New England Bancorp Reports Strong Q4 Earnings, Loan Growth and Robust Asset Quality

Western New England Bancorp reported Q4 revenue of $18.8 million, exceeding expectations, with a net interest margin of 2.91%, marking six consecutive quarters of growth. Total loans increased by $113.2 million, or 5.5%, and core deposits rose by $111.9 million, or 7.2%. Asset quality remains strong with nonperforming assets at 0.19% of total assets. The bank's effective management of funding costs contributed to the expanded net interest margin.