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Wayne Savings Bancshares, Inc. - WAYN STOCK NEWS

Welcome to our dedicated news page for Wayne Savings Bancshares (Ticker: WAYN), a resource for investors and traders seeking the latest updates and insights on Wayne Savings Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wayne Savings Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wayne Savings Bancshares's position in the market.

Rhea-AI Summary
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.
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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.
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Rhea-AI Summary
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.
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2.58%
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acquisition
Rhea-AI Summary
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.
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Rhea-AI Summary
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.
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Rhea-AI Summary
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.
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Rhea-AI Summary
Wayne Savings Bancshares, Inc. declares cash dividend of $0.23 per share for Q3 2023. Total assets reported at $770.8 million.
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3.14%
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Wayne Savings Bancshares, Inc.

OTC:WAYN

WAYN Rankings

WAYN Stock Data

53.36M
12.05%
0.08%
Savings Institutions
Finance and Insurance
Link
US
Wooster

About WAYN

wayne savings bank is an education management company located in 363 us highway 46, fairfield, new jersey, united states.