WAYNE SAVINGS BNCSHS INC - WAYN STOCK NEWS

Wayne Savings Bancshares (OTCQX: WAYN) reported record net income of $4.1 million or $1.75 per share for the first half of 2022, a 10.8% increase from 2021. Net interest income rose to $10.3 million, while total assets increased to $654.2 million. Loan balances grew 26.5% year-over-year, with significant growth in commercial and residential loans. Nonperforming loans decreased to $796,000. The company declared a cash dividend of $0.23 per share, payable on August 3, 2022. Despite rising non-interest expenses, the efficiency ratio improved to 53.6%.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a cash dividend of $0.23 per share for the quarter ending June 30, 2022. This dividend will be paid on August 3, 2022, to stockholders of record as of July 20, 2022. As of March 31, 2022, the company reported total assets of $652.7 million, deposits of $562.6 million, and stockholders' equity of $50.0 million, representing 7.7% of total assets. Wayne Savings Community Bank, the company’s subsidiary, operates 12 banking locations across Ohio.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has completed its stock repurchase program, buying back 189,398 shares from a single shareholder. The CEO emphasized the company's commitment to enhancing shareholder value through sound earnings and dividends. As of March 31, 2022, Wayne Savings reported total assets of $652.7 million and stockholders' equity of $50.0 million, representing 7.7% of total assets. The company operates twelve banking locations across Ohio, dedicated to efficient capital management and increasing shareholder returns.

On April 28, 2022, Wayne Savings Bancshares (OTCQX: WAYN) held its Annual Meeting of Stockholders, where a number of key proposals were voted on. Notably, three directors were elected to serve until the 2025 annual meeting. Stockholders approved an amendment to the 2020 Stock Equity Plan and passed an advisory vote on executive compensation. Additionally, they ratified the appointment of BKD, LLP as the independent auditor for 2022. CEO James VanSickle expressed gratitude for shareholder support, noting five consecutive years of record earnings.

Wayne Savings Bancshares, Inc. (WAYN) reported a net income of $2.1 million, or $0.87 per share, for Q1 2022, a 9.5% increase year-over-year. Key factors contributing to this growth include a rise in net interest income to $5.0 million and an increase in non-interest income to $865,000. Loan balances rose by 16.3% to $476.6 million, while deposits grew by 10.6% to $562.6 million. A cash dividend was declared at $0.23 per share, marking a 9.5% increase. Although total stockholders’ equity decreased by $3.6 million, the efficiency ratio remained stable at 53.3%. Overall, the company's financial performance remained strong despite economic challenges.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has nominated Lance J. Ciroli as a director for the company and its subsidiary, Wayne Savings Community Bank, for the upcoming 2022 Annual Meeting on April 28, 2022. Ciroli brings over 33 years of regulatory experience from the Office of the Comptroller of the Currency and previously led a local community bank's Board of Directors. His addition is expected to enhance the bank's strategic growth and community involvement, as highlighted by both Ciroli and Chairman Mark R. Witmer. As of December 31, 2021, the company reported assets of $636 million.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a cash dividend increase of $0.02 to $0.23 per share for the quarter ending March 31, 2022. This dividend will be paid on May 4, 2022 to stockholders of record as of April 20, 2022. As of December 31, 2021, the company reported total assets of $636.0 million, deposits of $540.5 million, and stockholders’ equity of $53.6 million, representing 8.4% of total assets.

Wayne Savings Bancshares, Inc. (OTCQX: WAYN) reported record net income of $7.4 million or $3.06 per share for the year ended December 31, 2021, an increase of 11.2% from 2020. This growth was attributed to rising net interest income and reduced loan loss provisions, despite declines in non-interest income and increased expenses. Net loans rose 16.2% to $454.6 million, largely from non-residential real estate lending. The Company opened a new branch in Washingtonville, contributing significantly to its growth. Assets totaled $636 million, with equity increasing by $1.5 million.

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a new 5% stock repurchase program, allowing for the buyback of up to 118,707 shares. The Board of Directors approved this program on December 16, 2021, as a continuation of its commitment to enhancing shareholder value. The previous repurchase program is set to be completed in Q4 2021. As of September 30, 2021, the company reported total assets of $627.6 million and stockholders’ equity of $53 million, representing 8.4% of total assets.