Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET
FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES
OF EQUITY SECURITIES.
Market
Information.
The
Company’s common stock is currently listed on NASDAQ under the trading symbol “WNEB.” As of December 31, 2025,
there were 20,372,786 shares of the Company’s common stock outstanding by approximately 1,759 shareholders, as obtained
through our transfer agent. Such number of shareholders does not reflect the number of persons or entities holding stock in nominee
name through banks, brokerage firms and other nominees.
Dividend
Policy.
The
Company maintains a dividend reinvestment and direct stock purchase plan (the “DRSPP”). The DRSPP enables stockholders,
at their discretion, to continue to elect to reinvest cash dividends paid on their shares of the Company’s common stock
by purchasing additional shares of common stock from the Company at a purchase price equal to fair market value. Under the DRSPP,
stockholders and new investors also have the opportunity to purchase shares of the Company’s common stock without brokerage
fees, subject to monthly minimums and maximums.
Although
the Company has historically paid quarterly dividends on its common stock, the Company’s ability to pay such dividends depends
on a number of factors, including restrictions under federal laws and regulations on the Company’s ability to pay dividends,
and as a result, there can be no assurance that dividends will be paid in the future.
Recent
Sales of Unregistered Securities.
There
were no sales by the Company of unregistered securities during the year ended December 31, 2025.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers.
The
following table sets forth information with respect to purchases made by the Company during the three months ended December 31,
2025.
Period
Total Number of Shares Purchased
Average Price Paid per Share
($)
Total Number of Shares Purchased as Part of Publicly Announced Programs
Maximum Number of Shares that May Yet Be Purchased Under the Program (1)(2)
October 1 - 31, 2025
—
—
—
972,465
November 1 - 30, 2025
100,000
11.80
100,000
872,465
December 1 - 31, 2025 (2)
19,180
12.62
—
872,465
Total
119,180
11.94
100,000
872,465
(1) On
April 22, 2025, the Board authorized a new stock repurchase plan (the “2025 Plan”)
under which the Company is authorized to repurchase up to 1,000,000 shares of its common
stock, which was approximately 4.8%, of the Company’s outstanding shares of common
stock, as of the date the 2025 Plan was adopted.
(2) Repurchase
of 19,180 shares related to tax obligations for shares of restricted stock that vested
on December 31, 2025, under our Amended and Restated 2021 Omnibus Incentive Plan. These
repurchases were reported by each reporting person on January 5, 2026.
56
Stock
Performance Graph.
The
following graph compares our total cumulative shareholder return (which assumes the reinvestment of all dividends) by an investor
who invested $100.00 on December 31, 2020 to December 31, 2025, to the total return by an investor who invested $100.00 in the
S&P U.S. Banks Index $1 Billion - $5 Billion, the S&P U.S. BMI Banks New England Region Index and the NASDAQ Bank Index.
COMPARISON
OF 5 YEAR CUMULATIVE TOTAL RETURN
Among
Western New England Bancorp, Inc., the S&P U.S. Banks Index $1 Billion - $5 Billion, the S&P U.S. BMI Banks New England
Region Index and the NASDAQ Bank Index
Period
Ending
Index
12/31/20
12/31/21
12/31/22
12/31/23
12/31/24
12/31/25
Western
New England Bancorp, Inc.
100.00
130.18
144.48
142.93
151.54
213.55
S&P
U.S. Banks $1 Billion - $5 Billion
100.00
135.44
122.16
124.03
142.97
150.90
S&P
U.S. BMI Banks New England Region Index
100.00
139.57
127.83
118.10
146.69
182.93
NASDAQ
Bank Index
100.00
142.91
119.65
115.54
139.30
149.15
57
ITEM
6. SELECTED
FINANCIAL DATA.
[Reserved.]