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.
Penns Woods Bancorp, Inc. (PWOD) historically functioned as a regional bank holding company in the commercial banking industry, overseeing Jersey Shore State Bank and Luzerne Bank in North Central and Northeastern Pennsylvania. Its news flow, as reflected in public press releases and SEC reports, covered both ongoing financial performance and the significant corporate events that reshaped the company’s status.
Before its acquisition, Penns Woods regularly issued earnings releases detailing net income, net interest margin, provisions for credit losses, loan growth, deposit trends, and shareholders’ equity. These updates highlighted areas such as commercial loan growth, indirect auto lending, use of brokered deposits to fund portfolio expansion, and campaigns to attract time deposits. The company also announced quarterly cash dividends, with board-approved dividend amounts and payment dates disclosed in separate news items.
A major focus of more recent PWOD news is the merger with Northwest Bancshares, Inc. Joint announcements in December 2024 described the Agreement and Plan of Merger under which Northwest would acquire Penns Woods in an all-stock transaction. Subsequent releases in April 2025 reported that regulatory and shareholder approvals had been obtained, and a July 2025 announcement confirmed completion of the merger, along with the merger of Jersey Shore State Bank and Luzerne Bank into Northwest Bank.
For readers reviewing the PWOD news archive, this page provides historical coverage of Penns Woods’ financial results, dividend declarations, and the step-by-step progress of its combination with Northwest Bancshares, Inc. These articles document how the company’s regional banking operations evolved over time and how they were ultimately integrated into Northwest Bank following the July 25, 2025 closing.
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Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has announced a first quarter 2023 cash dividend of $0.32 per share, payable on March 28, 2023, to shareholders of record as of March 14, 2023. This reflects the company's ongoing commitment to returning value to its shareholders. Penns Woods Bancorp is the parent company of Jersey Shore State Bank and Luzerne Bank, offering various banking services in North Central and North Eastern Pennsylvania.
Penns Woods Bancorp reported a net income of $17.4 million for the year ending December 31, 2022, up from $16.0 million in 2021. Earnings per share stood at $2.47, a rise from $2.27. However, financial results were affected by increased after-tax securities losses totaling $809,000 and a goodwill impairment charge of $653,000. The company’s net interest margin also improved to 3.24% for the year, driven by higher yields on earning assets. Core earnings rose to $18.2 million from $15.5 million, with a core return on average equity of 11.22%. Despite these gains, total assets and shareholder equity showed slight declines.
Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has announced a fourth-quarter cash dividend of $0.32 per share, payable on December 20, 2022, to shareholders of record as of December 6, 2022. This dividend reflects the company's commitment to returning income to shareholders. Penns Woods Bancorp operates through its subsidiaries, which provide a range of banking services in North Central and North Eastern Pennsylvania.
Penns Woods Bancorp, Inc. (NASDAQ: PWOD) announced that its special shareholder meeting, originally held on November 8, 2022, was adjourned to December 13, 2022, to allow more time for voting on a proposed amendment to the articles of incorporation. About 72% of outstanding shares were voted, with approximately 86% in favor. The meeting will reconvene virtually, and shareholders can attend using previous proxy instructions. The record date remains August 15, 2022, and proxies will be honored as previously submitted.