2023-04-21 03:07:39 ET
- Wayne Savings press release ( OTC:WAYN ): Q1 GAAP EPS of $1.03.
- Revenue of $6.45M (+10.8% Y/Y).
- The return on average equity and return on average assets for the first quarter of 2023 was 19.58% and 1.23%, respectively, compared to 15.44% and 1.28%, respectively, for the same period in 2022.
- Wayne Savings deposits increased $67.1 million, or 11.9%, to $629.7 million at March 31, 2023, compared to $562.6 million at March 31, 2022, primarily due to the growth in certificates of deposits of $97.5 million, partially offset by a decrease in demand deposits of $29.3 million.
- Provision for credit losses was $0.22M in the first quarter of 2023.
- The allowance for loan losses was $7.0 million at March 31, 2023, compared to $6.7 million at December 31, 2022.
For further details see:
Wayne Savings GAAP EPS of $1.03, revenue of $6.45M