Penns Woods: Q1 Earnings Snapshot
WILLIAMSPORT, Pa. (AP) _ Penns Woods Bancorp Inc. (PWOD) on Thursday reported first-quarter profit of $3.4 million.
The Williamsport, Pennsylvania-based bank said it had earnings of 49 cents per share. Earnings, adjusted for non-recurring gains, came to 47 cents per share.
The holding company for Jersey Shore State Bank and Luzerne Bank posted revenue of $17.2 million in the period. Its revenue net of interest expense was $14.7 million, surpassing Street forecasts.
Penns Woods shares have decreased slightly more than 9% since the beginning of the year. The stock has increased 15% in the last 12 months.