Penns Woods: 4Q Earnings Snapshot
WILLIAMSPORT, Pa. (AP) _ Penns Woods Bancorp Inc. (PWOD) on Monday reported net income of $4.2 million in its fourth quarter.
The Williamsport, Pennsylvania-based bank said it had earnings of 89 cents per share.
The holding company for Jersey Shore State Bank and Luzerne Bank posted revenue of $18.7 million in the period. Its revenue net of interest expense was $15.1 million, which beat Street forecasts.
For the year, the company reported profit of $14.7 million, or $3.14 per share. Revenue was reported as $57.3 million.
Penns Woods shares have dropped 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.14, a decrease of 18 percent in the last 12 months.