WAYNE SAVINGS BNCSHS INC - WAYN STOCK NEWS

Wayne Savings Bancshares, Inc. announced the results of the 2024 special meeting where shareholders approved the merger with Main Street Financial Services Corp. Voting results showed a 95% approval rate for the merger agreement, indicating strong shareholder support. President and CEO James VanSickle expressed satisfaction with the outcome, highlighting the commitment to community banking.

Wayne Savings Bancshares, Inc. reported a decrease in net income for the first quarter of 2024, with earnings of $1.5 million, or $0.70 per common share. Customer deposit balances increased by 10.3% annualized, nonperforming loan balances declined to 0.05% of net loans, and regulatory approval was received for a merger with Main Street Financial Services, Corp.

Wayne Savings Bancshares, Inc. declares a cash dividend of $0.23 per share for the quarter ending March 31, 2024. The dividend will be paid on May 1, 2024, to stockholders of record as of April 17, 2024. The company reported total assets of $809.9 million, deposits of $693.1 million, and stockholders' equity of $53.0 million as of December 31, 2023.

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. have received approval for their merger from Regulatory Authorities. The merger aims to create a premier community bank with enhanced products and services, scheduled to close in the second quarter of 2024.

Wayne Savings Bancshares, Inc. reported a decrease in net income for the year ended December 31, 2023, compared to the same period in 2022. The decrease was mainly due to an increase in non-interest expenses, including merger-related expenses. Despite this, the company's local economy remains resilient, and its total assets exceeded $800 million for the first time. The company also announced a merger with Main Street Financial Services Corp. and was named to the 2023 OTCQX Best 50. Net loan balances and deposit balances increased, and the company declared a cash dividend of $0.23 per share for the quarter ending December 31, 2023. However, the net interest income and net interest margin decreased, and noninterest expenses increased, leading to a higher efficiency ratio for the year ended December 31, 2023.

Wayne Savings Bancshares, Inc. (WAYN) declares a cash dividend of $0.23 per share for the quarter ending December 31, 2023. The dividend will be paid on January 24, 2024, to stockholders of record as of January 10, 2024. The company reported total assets of $798.2 million, deposits of $653.9 million, and stockholders’ equity of $47.6 million, or 6.0% of total assets as of September 30, 2023.

Wayne Savings Bancshares, Inc. reports net income of $5.8 million for the year to date period ended September 30, 2023, a decrease of 12.1% compared to the same period in 2022. The return on average equity and return on average assets for the nine months ended September 30, 2023, was 16.06% and 1.02%, respectively, compared to 18.34% and 1.33%, respectively, for the same period in 2022.

Wayne Savings Bancshares, Inc. declares cash dividend of $0.23 per share for Q3 2023. Total assets reported at $770.8 million.