Western New England reports Q1 EPS 24c, consensus 21c

Reports Q1 tangible book value per share $11.59. Reports Q1 CET1 capital ratio 12.17%. James C. Hagan, President and Chief Executive Officer, commented, “I am pleased to report the results for the first quarter of 2026. Our loan growth, strong and diversified core deposit base, along with our disciplined approach to managing funding costs resulted in an increase in the net interest margin to 2.95%. In the first quarter, core deposits and non-interest bearing deposits represented 70.2% and 25.1% of total deposits, respectively, while the average cost of deposits decreased to 1.72%.”