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.
Penns Woods Bancorp achieved a net income of $6.8 million for the six months ended June 30, 2020, with earnings per share of $0.97. This reflects a decline from $8.2 million in 2019. The provision for loan losses increased due to COVID-19, totaling $1.4 million for the six months. Net interest margin decreased to 3.09%, affected by lower yields. Total assets rose $126.9 million to $1.8 billion, and deposits increased by $147.2 million to $1.5 billion. Shareholders' equity rose to $159.6 million.
Penns Woods Bancorp has declared a second quarter 2020 cash dividend of $0.32 per share, a $0.01 increase compared to the second quarter 2019, adjusted for a stock split. The dividend is payable on June 23, 2020 to shareholders of record on June 9, 2020. Penns Woods Bancorp operates through its subsidiaries, Jersey Shore State Bank and Luzerne Bank, serving areas in Pennsylvania with a variety of banking services. The company's stock trades on NASDAQ under the symbol PWOD.
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