AP NEWS
ADVERTISEMENT

Penns Woods: 2Q Earnings Snapshot

July 22, 2020 GMT

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.

ADVERTISEMENT

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWOD at https://www.zacks.com/ap/PWOD