Welcome to our dedicated page for Penns Woods Bancorp news (Ticker: $PWOD), a resource for investors and traders seeking the latest updates and insights on Penns Woods Bancorp stock.
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Rhea-AI Summary
Penns Woods Bancorp, Inc. reported a net income of $3.8 million for Q1 2024, with basic and diluted EPS of $0.51. The decrease in net interest income and after-tax losses from asset disposals impacted results. Non-GAAP core earnings were $3.8 million, with basic and diluted core EPS of $0.51. Net interest margin decreased to 2.69%. Total assets increased to $2.2 billion, while non-performing loans ratio rose to 0.43%. Deposits decreased, but shareholders' equity increased to $193.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. (PWOD) declares a first quarter 2024 cash dividend of $0.32 per share, payable on March 26, 2024. CEO Richard A. Grafmyre CFP® announces the dividend for shareholders of record as of March 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. achieved net income of $16.6 million for the twelve months ended December 31, 2023, resulting in basic and diluted earnings per share of $2.34. The company experienced a decrease in net interest income and after-tax securities losses, while bank-owned life insurance income, the sale of a former branch property, and a decrease in the provision for credit losses positively impacted the financials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. (NASDAQ:PWOD) declares a fourth quarter 2023 cash dividend of $0.32 per share, payable on December 22, 2023, to shareholders of record on December 12, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. reports net income of $11.1 million for the nine months ended September 30, 2023. Net interest income decreased due to rate increases by the FOMC. Bank-owned life insurance income increased. Provision for credit losses increased for the three months ended September 30, 2023. Return on average assets and return on average equity decreased compared to the same period in 2022. Non-performing loans and deposits decreased. Shareholders' equity increased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. files prospectus supplement for an 'at-the-market' equity offering program with a maximum aggregate offering price of $20 million. Shares will be offered through D.A. Davidson & Co. No specific positive or negative business takes found.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.16%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. declares Q3 2023 cash dividend of $0.32 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Rhea-AI Summary
Penns Woods Bancorp, Inc. achieved net income of $8.8 million for the six months ended June 30, 2023, resulting in basic and diluted earnings per share of $1.25. Net income for the three and six months ended June 30, 2023 was $4.2 million and $8.8 million, compared to $4.2 million and $7.7 million for the same periods of 2022. The provision for credit losses decreased $850,000 and $629,000 for the three and six months ended June 30, 2023 to a recovery of $1.2 million and $1.1 million, respectively. Annualized return on average assets was 0.80% for three months ended June 30, 2023, compared to 0.88% for the corresponding period of 2022. Annualized return on average equity was 9.53% for the three months ended June 30, 2023, compared to 10.15% for the corresponding period of 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
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Rhea-AI Summary
Penns Woods Bancorp declares $0.32 per share cash dividend for Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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Penns Woods Bancorp Inc
Nasdaq:PWOD
PWOD Rankings
PWOD Stock Data
138.99M
7.13M
3.87%
28.43%
2.22%
Commercial Banking
Finance and Insurance
United States of America
JERSEY SHORE
About PWOD
penns woods bancorp, inc., is the bank holding company for jersey shore state bank (jssb) and luzerne bank (luz). it was incorporated in pennsylvania on january 7, 1983, with jssb as a wholly owned subsidiary and later acquired luzerne bank on june 1, 2013. in october 2000, jssb acquired the m group, inc. d/b/a the comprehensive financial group. the m. group operates as a subsidiary of jssb, offering insurance and securities brokerage services. penns woods bancorp, inc. is listed on the nasdaq national market under the symbol pwod. at penn's woods bancorp, inc., we value leadership, the kind of insightful, strategic leadership necessary to ensure the ongoing success and integrity of the regional financial institutions we oversee. we take pride in the expertise, dedication to excellence, and commitment to community of our leadership team as well as the leadership serving at each of our member banks. as the bank holding company for jersey shore state bank (jssb) and luzerne bank (luz), p