secwatch.observer — SEC 8-K summary
======================================

Issuer:     PENNS WOODS BANCORP INC (—)
CIK:        0000716605
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000716605-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716605/000071660524000010/0000716605-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716605/000071660524000010/pwod-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000716605-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer