WAYNE SAVINGS BNCSHS INC - WAYN STOCK NEWS

Wayne Savings Bancshares, Inc. (OTCQX: WAYN) reported net income of $2.3 million, or $1.04 per share for Q1 2023, marking a 10.3% increase from $2.1 million, or $0.87 per share in Q1 2022. This rise was driven by an 18.1% increase in net interest income to $5.9 million, despite a 30.3% decline in non-interest income. The company's return on equity and assets were reported at 19.58% and 1.23%, respectively. Total assets rose to $752.6 million, with net loans increasing 30.1% to $620.1 million. The company also declared a $0.23 cash dividend, payable on May 3, 2023. Wayne Savings continues to grow its footprint and was ranked 28th in the 2023 OTCQX Best 50.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a cash dividend of $0.23 per share for the quarter ending March 31, 2023. This dividend will be paid on May 3, 2023, to stockholders of record as of April 19, 2023. As of December 31, 2022, the Company reported total assets of $729.8 million, with deposits of $605.8 million and stockholders’ equity of $44.7 million, representing 6.1% of total assets. Established in 1899, Wayne Savings operates thirteen banking locations throughout Ohio, providing various financial services to its communities.

Wayne Savings Bancshares, Inc. (WAYN) and Main Street Financial Services Corp. have announced a merger valued at approximately $68 million, equating to $30.53 per Wayne share. This all-stock transaction will create a combined entity with pro forma assets of around $1.35 billion and a market capitalization of $130 million. The merger is projected to be 40% accretive to Main Street's and 16% to Wayne’s earnings per share. The transaction is expected to close in the second half of 2023, pending necessary approvals. The combined company will operate under the Main Street Bank name, enhancing market presence across regions including Cleveland and Pittsburgh.

Wayne Savings Bancshares, Inc. (OTCQX: WAYN) reported a record net income of $9.0 million for the year ended December 31, 2022, translating to $3.98 per common share, a 21.1% year-over-year increase. This growth was driven by higher net interest income and non-interest income despite increased provisions for loan losses and federal income taxes. For Q4 2022, net income reached $2.4 million or $1.09 per share, a 34.1% rise compared to Q4 2021. Total assets surpassed $730 million for the first time. However, total stockholders’ equity declined by $8.9 million over the year, reflecting increasing unrealized losses on securities.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a cash dividend of $0.23 per share, payable on January 24, 2023, to shareholders on record as of January 11, 2023. This dividend pertains to the quarter ending December 31, 2022. As of September 30, 2022, the company reported total assets of $687.3 million, deposits of $592.7 million, and stockholders’ equity of $41.5 million, representing 6.0% of total assets. Established in 1899, Wayne Savings Community Bank operates twelve locations in Ohio.

Wayne Savings Bancshares, Inc. (OTCQX: WAYN) reported record net income of $6.6 million, or $2.89 per share, for the year-to-date period ending September 30, 2022, marking a 16.9% increase from $5.6 million in 2021. The increase was driven by net interest income growth and higher non-interest income, despite rising expenses. The return on equity rose to 18.34%, and year-to-date net loan balances grew 28.1% to $554.8 million. The company announced the opening of two new locations and declared a $0.23 cash dividend for Q3 2022.

On September 29, 2022, Wayne Savings Bancshares, Inc. (OTCQX:WAYN) announced a quarterly cash dividend of $0.23 per share for the period ending September 30, 2022. This dividend will be paid on November 2, 2022, to shareholders of record by October 19, 2022. As of June 30, 2022, the company reported total assets of $654.2 million, deposits of $567.7 million, and stockholders’ equity of $42.3 million, representing 6.5% of total assets.