---
schema_version: "secwatch.filing_event.v1"
accession: "0000716605-24-000010"
form_type: "8-K"
ticker: null
cik: "0000716605"
company_name: "PENNS WOODS BANCORP INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:45:50.669761+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0000716605-24-000010
- form_type: 8-K
- cik: 0000716605
- company_name: PENNS WOODS BANCORP INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716605/000071660524000010/0000716605-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716605/000071660524000010/pwod-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000716605-24-000010
- JSON: https://secwatch.observer/filing/0000716605-24-000010.json
- Plain text: https://secwatch.observer/filing/0000716605-24-000010.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/716605/000071660524000010/0000716605-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.