Penns Woods Bancorp Q1 2024 net income $3.8M ($0.51 EPS) vs $4.7M ($0.66 EPS) prior year

PENNS WOODS BANCORP INC

2024-Q1 EPS reported $0.51

Net income $3.8M, down $0.9M YoY; diluted EPS $0.51 vs $0.64.
Net interest income fell $552k due to higher interest expense from FOMC rate increases.
Provision for credit losses $138k, up $67k; one loan moved to nonaccrual.
After-tax loss of $261k on disposal of two former branch properties.
ROAA 0.69% (vs 0.92%) and ROAE 8.03% (vs 11.12%).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PENNS WOODS BANCORP INC reported the three months ended March 31, 2024 results: net income $3.8 million, EPS $0.51.

Period: the three months ended March 31, 2024
Net income: $3.8 million
EPS: $0.51
Result: reported results

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0000716605-24-000010

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