Wayne Savings Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 23, 2020 at 05:11 pm EST
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Wayne Savings Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net income was USD 1.729 million compared to USD 1.561 million a year ago. Basic earnings per share was USD 0.66 compared to USD 0.58 a year ago. For the full year, net income was USD 6.451 million compared to USD 5.148 million a year ago. Basic earnings per share was USD 2.43 compared to USD 1.92 a year ago.
Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank (the Bank) that provides personal and business banking products and services to individuals, businesses, and other organizations. The Company offers checking, savings, money market, and term certificate accounts, as well as certificates of deposit. It also provides residential mortgage, commercial, installment, residential and nonresidential real estate, commercial real estate, residential construction, multi-family real estate, land, commercial business, consumer, home, home equity, auto, recreational vehicle, personal, furniture and appliance, agriculture, and term loans, as well as lines of credit, government guaranteed programs, and standby letters of credit. In addition, the Bank offers financial planning, retirement planning, investment advisory, insurance, and wealth management and trust services. It operates in approximately 13 banking locations.
WAYNE SAVINGS BANCSHARES, INC. 
