Penns Woods Bancorp, Inc. Reports First Quarter 2024 Earnings [Yahoo! Finance]
Penns Woods Bancorp, Inc. (PWOD)
US:NASDAQ Investor Relations:
jssb.com/who-we-are/pwb-investor-relations/officers-directors
Company Research
Source: Yahoo! Finance
Penns Woods Bancorp, Inc. achieved net income of $3.8 million for the three months ended March 31, 2024, resulting in basic and diluted earnings per share of $0.51. Highlights Net income, as reported under GAAP, for the three months ended March 31, 2024 was $3.8 million, compared $4.7 million for the same period of 2023. Results for the three months ended March 31, 2024 compared to 2023 were impacted by a decrease in net interest income of $552,000 as interest expense increased significantly due to the velocity and magnitude of the rate increases enacted by the Federal Open Market Committee ("FOMC"). The disposal of assets related to two former branch properties resulted in an after-tax loss of $261,000 for the three month period ended March 31, 2024. The provision for credit losses increased $67,000 to $138,000 for the three months ended March 31, 2024 compared to a provision of $71,000 for the 2023 period. The increase for credit losses was due primarily to a loan relationshi
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News
- Penns Woods Bancorp First Quarter 2024 Earnings: EPS: US$0.51 (vs US$0.66 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Penns Woods Bancorp, Inc. Reports First Quarter 2024 EarningsGlobeNewswire
- The past five years for Penns Woods Bancorp (NASDAQ:PWOD) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) was downgraded by analysts at TheStreet from a "b-" rating to a "c+" rating.MarketBeat
- Penns Woods Bancorp, Inc. Announces Quarterly DividendGlobeNewswire
PWOD
Analyst Actions
- 3/21/24 - TheStreet
PWOD
Sec Filings
- 5/8/24 - Form 4/A
- 5/8/24 - Form 8-K
- 5/3/24 - Form 4
- PWOD's page on the SEC website