Penns Woods Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 07:34 pm
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Penns Woods Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 11.967 million compared to USD 12.321 million a year ago. Net income was USD 3.901 million compared to USD 2.833 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.39 a year ago. For the full year, net interest income was USD 48.223 million compared to USD 50.815 million a year ago. Net income was USD 15.206 million compared to USD 15.672 million a year ago. Basic earnings per share from continuing operations was USD 2.16 compared to USD 2.23 a year ago. Diluted earnings per share from continuing operations was USD 2.16 compared to USD 2.2 a year ago. Net interest income was USD 11.967 million compared to USD 12.321 million a year ago. Net income was USD 3.901 million compared to USD 2.833 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.39 a year ago. Net interest income was USD 48.223 million compared to USD 50.815 million a year ago. Net income was USD 15.206 million compared to USD 15.672 million a year ago. Basic earnings per share from continuing operations was USD 2.16 compared to USD 2.23 a year ago. Diluted earnings per share from continuing operations was USD 2.16 compared to USD 2.2 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. 
