Wayne Savings Bancshares reports Q1 adjusted EPS 78c s. $1.03 last year

1The 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%, respectively, for the same period in 2023. Excluding merger-related expenses, return on average equity and return on average assets for the quarter ended March 31, 2024, was 12.94% and 0.86%, respectively. Reports book value per share $24.09. President and CEO James R. VanSickle commented, “We are excited about the opportunities our merger with Main Street Financial Services Corp. will present us in 2024 and beyond. We have found a partner that understands the dreams and aspirations of our customers and is committed to preserving the tradition of community banking. The increased capabilities, scale, and profitability of the combined organization will allow us to invest in our future, better serve our customers, and compete for market share within the communities we serve.”