Penns Woods: 2Q Earnings Snapshot
WILLIAMSPORT, Pa. (AP) _ Penns Woods Bancorp Inc. (PWOD) on Wednesday reported second-quarter net income of $3.8 million.
The Williamsport, Pennsylvania-based bank said it had earnings of 53 cents per share. Earnings, adjusted for non-recurring gains, were 51 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 $14.9 million, exceeding Street forecasts.
Penns Woods shares have fallen 41% since the beginning of the year. The stock has fallen 30% in the last 12 months.