Penns Woods Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 02:11 am IST
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Penns Woods Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 12.321 million compared to USD 12.699 million a year ago. Net income was USD 2.833 million compared to USD 4.196 million a year ago. Basic earnings per share was USD 0.4 compared to USD 0.59 a year ago. Diluted earnings per share was USD 0.39 compared to USD 0.59 a year ago. For the full year, net interest income was USD 50.815 million compared to USD 47.810 million a year ago. Net income was USD 15.672 million compared to USD 14.704 million a year ago. Basic earnings per share was USD 2.23 compared to USD 2.09 a year ago. Diluted earnings per share was USD 2.06 compared to USD 2.09 a year ago.
Penns Woods Bancorp, Inc. is a bank holding company. The Company operates, through its subsidiaries, namely Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Banks engage in business as commercial banks, doing business at locations in Lycoming, Clinton, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The Banks offers insurance, securities brokerage services, annuity and mutual fund investment products, and financial planning through the M Group, Inc. doing business as The Comprehensive Financial Group (M Group). Services offered by the Banks include accepting time, demand and savings deposits, including Super NOW accounts, statement savings accounts, money market accounts, and others. The Banks services also include making secured and unsecured business and consumer loans. Its subsidiaries also include Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. and United Insurance Solutions, LLC.
PENNS WOODS BANCORP, INC. 
