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Stock impact report

Wayne Savings Bancshares, Inc. Announces Earnings for First Quarter of 2024

WAYNE SAVINGS BNCSHS INC (WAYN) 
US:NASDAQ Investor Relations: ir.waynesavings.com
Company Research Source: GlobeNewswire
First Quarter 2024 Highlights Customer deposit balances increased by 10.3% annualizedNonperforming loan balances declined to 0.05% of net loansReceived regulatory approval for merger with Main Street Financial Services, Corp. WOOSTER, Ohio, April 26, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $1.5 million, or $0.70 per common share, for the three months ended March 31, 2024, a decrease of $0.7 million, or 32.5%, compared to $2.3 million, or $1.04 per common share, for the three months ended March 31, 2023. Net income, excluding the merger-related expenses (non-GAAP) for the three months ended March 31, 2024, was $1.7 million, or $0.78 per share. The return on average equity and return on average assets for the first quarter of 2024, was 11.63% and 0.76%, respectively, compared to 19.58% and 1.23%, res Show less Read more
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