Western New England Bancorp, Inc. · NASDAQ:WNEB
Western New England Bancorp — Shareholder Meeting (May 2025)
20 slides from Western New England Bancorp's shareholder meeting presentation, May 14, 2025
Slide 1: 2025 Annual Shareholders' Meeting
1 2025 Annual Shareholders’ Meeting May 14, 2025 NASDAQ GS: WNEB
Slide 2: Welcome to the 2025 Annual Shareholders' Meeting
2 NASDAQ GS: WNEB Welcome to the Western New England Bancorp 2025 Annual Shareholders’ Meeting James C. Hagan President Chief Executive Officer 2
Slide 3: Board of Directors
3 NASDAQ GS: WNEB Board of Directors Western New England Bancorp 3
Slide 4: Board of Directors
4 Board of Directors James C. Hagan President & Chief Executive Officer Lisa G. McMahon Chairperson of the Board Laura Benoit Director NASDAQ GS: WNEB 4 Donna J. Damon Director Gary G . Fitzgerald Director William D . Masse Director Paul C . Picknelly Director Steven G . Richter Director Philip R .
Slide 5: Introduction of Guests
5 NASDAQ GS: WNEB Gerald P. Ciejka Inspector of Elections Caitlin Morin Wolf & Company, Independent Auditor 5 Introduction of Guests East St, Chicopee, MA
Slide 6: Senior Management Team
Senior Management Team 6 James C. Hagan President & Chief Executive Officer Guida R. Sajdak Executive Vice President, Chief Financial Officer & Treasurer Allen J. Miles, III Executive Vice President & Chief Lending Officer Kevin C. O’Connor Executive Vice President & Chief Operating Officer Leo R. S
Slide 7: Proposals
Proposals 7 NASDAQ GS: WNEB Proposal 1: Election of Directors to serve a three - year term expiring at the 2028 Annual Meeting of shareholders: • Gary G. Fitzgerald • Paul C. Picknelly Proposal 2: Consideration and approval of a non - binding advisory resolution on the compensation of the Company’s
Slide 8: Voting Results
Voting Results Gerald P. Ciejka Inspector of Elections NASDAQ GS: WNEB NASDAQ GS: WNEB 8
Slide 9: Financial Results for Fiscal Year 2024 and the First Quarter of 2025
Financial Results for Fiscal Year 2024 and the First Quarter of 2025 Guida R. Sajdak Executive Vice President Chief Financial Officer NASDAQ GS: WNEB NASDAQ GS: WNEB 9
Slide 10: Forward Looking Statements
Forward Looking Statements 10 NASDAQ GS: WNEB We may, from time to time, make written or oral “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 , including statements contained in our filings with the Securities and Exchange Commission (the “SE
Slide 11: Forward Looking Statements
11 Forward Looking Statements NASDAQ GS: WNEB 11 failure or circumvention of our internal controls or procedures ; changes in the securities markets which affect investment management revenues ; increases in Federal Deposit Insurance Corporation deposit insurance premiums and assessments ; t
Slide 12: 2024 Quarterly Earnings
12 2024 Quarterly Earnings NASDAQ GS: WNEB 12 4Q2023 1Q2024 2Q2024 (2) 3Q2024 4Q2024 (1) ($ in thousands, except EPS) $ 16,176 $ 15,346 $ 14,470 $ 14,728 $ 15,273 Net interest income 486 (550) (294) 941 (762) (Reversal of) provision for credit losses 2,714 2,674 3,834 3,141 3,254 Non - interest inco
Slide 13: Balance Sheet Composition
13 Balance Sheet Composition NASDAQ GS: WNEB 13 PPP Loans 7% Loans 75% Securities 9% Other Assets 5% Cash and Cash Equivalents 4% Loans and Securities (% of Total Assets) 2020 (2) (1) Data as of December 31 st , (2) Paycheck Protection Program (“PPP”), (3) Includes $1.7 million in brokered deposits,
Slide 14: Growing and Strengthening Our Balance Sheets
14 Growing and Strengthening Our Balance Sheets (1 )(2) NASDAQ GS: WNEB 14 82% 74% 78% 79% 78% 65% 75% 85% 95% Loan - to - Asset Ratio 94% 83% 89% 95% 92% 80% 90% 100% 110% 120% Loan - to - Deposit Ratio 9% 17% 15% 14% 14% 5% 15% 25% 35% 45% Securities - to - Asset Ratio 3% 1% 2% 6% 5% 0% 1% 2% 3% 4
Slide 15: Strong Asset Quality Indicators
15 Strong Asset Quality Indicators NASDAQ GS: WNEB 15 (1) Data as of December 31 st (2) Excludes PPP loans. (3) The Company adopted ASU 2016 - 13 on January 1, 2023 with a modified retrospective approach. Accordingly, beginning in 2023, the allo wance for credit losses was determined in accordance w
Slide 16: 1st Quarter of 2025
16 1 st Quarter of 2025 NASDAQ GS: WNEB 16 1Q2024 4Q2024 1Q2025 $0.14 $0.16 $0.11 EPS Earnings per Share (“EPS”) 1Q2024 4Q2024 1Q2025 0.47% 0.49% 0.35% ROA Return on Average Assets (“ROA”) Return on Average Equity (“ROE”) 1Q2024 4Q2024 1Q2025 5.04% 5.48% 3.94% ROE 1Q2024 4Q2024 1Q2025 2.57% 2.41% 2.
Slide 17: Who We Are
17 Who We Are Every day, we focus on showing Westfield Bank customers “ what better banking is all about . ” For us, the idea of better banking starts with putting customers first, while adhering to our core values . Our Core Values : • Integrity • Enhance Shareholder Value • Customer Focus • Commun
Slide 18: Appendix
Appendix NASDAQ GS: WNEB NASDAQ GS: WNEB 18
Slide 19: Explanation of Use of Non-GAAP Financial Measurements
19 Explanation of Use of Non - GAAP Financial Measurements NASDAQ GS: WNEB 19 The Company believes that certain non - GAAP financial measures provide information to investors that is useful in understanding its financial condition . Because not all companies use the same calculation, this presentati
Slide 20: Thank you!
20 Corporate Offices, Westfield MA NASDAQ GS: WNEB 20 Thank you! James C. Hagan President and Chief Executive Officer Guida R. Sajdak Executive Vice President and Chief Financial Officer Meghan Hibner First Vice President and Investor Relations Officer Westfield Bank “What Better Banking’s All About
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