Welcome to our dedicated page for Penns Woods Bancorp news (Ticker: PWOD), a resource for investors and traders seeking the latest updates and insights on Penns Woods Bancorp stock.
Penns Woods Bancorp Inc (PWOD) provides comprehensive banking services through its subsidiaries Jersey Shore State Bank and Luzerne Bank, serving North Central and Northeastern Pennsylvania communities. This news hub offers investors and stakeholders centralized access to verified updates about this NASDAQ-listed regional financial institution.
Find timely announcements covering earnings reports, leadership changes, strategic initiatives, and regulatory developments. Our curated collection includes press releases on commercial lending expansions, mortgage service updates, and community partnership programs that demonstrate PWOD's commitment to regional economic growth.
Key content categories include quarterly financial results, merger/acquisition activity, dividend declarations, and operational milestones. Bookmark this page for direct access to primary source materials that inform decisions about this multi-channel banking operator.
Penns Woods Bancorp, Inc. (NASDAQ: PWOD) has declared a cash dividend of $0.32 per share for the second quarter of 2021. This dividend is payable on June 22, 2021, to shareholders recorded by June 8, 2021. The announcement was made by CEO Richard A. Grafmyre. The company operates through its subsidiaries, Jersey Shore State Bank and Luzerne Bank, serving North Central and North Eastern Pennsylvania with various banking services.
Penns Woods Bancorp (PWOD) reported net income of $3.4 million for Q1 2021, an increase from $3.1 million in Q1 2020, translating to basic and diluted earnings per share of $0.49. Key drivers included a $464,000 increase in loan sales and $72,000 in after-tax securities gains. The provision for loan losses decreased to $515,000 from $750,000, reflecting improved asset quality, with non-performing loans down to 0.69%. Total assets rose to $1.9 billion, driven by deposit growth of $237.6 million.
Penns Woods Bancorp, Inc. (NASDAQ: PWOD) has announced a new stock buyback program, authorizing the repurchase of up to 5% of its outstanding shares, totaling approximately 353,000 shares, effective until April 30, 2022. This plan replaces the existing repurchase program that expires on April 30, 2021. The company intends to repurchase shares at prevailing market prices, potentially enhancing shareholder value by reducing share supply and increasing earnings per share (EPS).
Penns Woods Bancorp, Inc. (NASDAQ: PWOD) declared a cash dividend of $0.32 per share for the first quarter of 2021. The dividend will be payable on March 23, 2021, to shareholders of record as of March 9, 2021. This announcement reflects the company’s commitment to returning value to its shareholders while supporting its banking services in North Central and North Eastern Pennsylvania through its subsidiaries, Jersey Shore State Bank and Luzerne Bank.
Penns Woods Bancorp, Inc. (NASDAQ: PWOD) reported a net income of $15.2 million for 2020, with earnings per share at $2.16. This was a slight decrease from $15.7 million in 2019. The quarterly net income for Q4 2020 stood at $3.9 million, compared to $2.8 million in Q4 2019. Total assets increased by $169.3 million to $1.8 billion, while deposits rose by $170.4 million to $1.5 billion. However, the net interest margin declined to 2.94% in 2020 from 3.31% in 2019, primarily due to lower loan yields.
Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has declared a fourth quarter cash dividend of $0.32 per share, payable on December 22, 2020, to shareholders on record as of December 8, 2020. This announcement reflects the company's commitment to return value to its investors. As the bank holding company for Jersey Shore State Bank and Luzerne Bank, Penns Woods Bancorp serves customers in North Central and North Eastern Pennsylvania, offering various banking services.
Penns Woods Bancorp reported a net income of $11.3 million for the nine months ended September 30, 2020, with basic and diluted earnings per share of $1.61. While net income decreased from $12.8 million in the same period of 2019, after-tax securities gains increased significantly. The provision for loan losses rose by $1 million due to COVID-19 uncertainties. Total assets grew to $1.8 billion, and deposits increased by $159.4 million. However, the net interest margin compressed to 2.97% amid lower interest rates.
Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has declared a third quarter 2020 cash dividend of $0.32 per share, marking an increase of $0.01 from the prior year's dividend following a stock split. The dividend is payable on September 22, 2020 to shareholders of record on September 8, 2020.
The company operates through Jersey Shore State Bank and Luzerne Bank, providing various financial services in Pennsylvania.
Penns Woods Bancorp achieved a net income of $6.8 million for the six months ended June 30, 2020, with earnings per share of $0.97. This reflects a decline from $8.2 million in 2019. The provision for loan losses increased due to COVID-19, totaling $1.4 million for the six months. Net interest margin decreased to 3.09%, affected by lower yields. Total assets rose $126.9 million to $1.8 billion, and deposits increased by $147.2 million to $1.5 billion. Shareholders' equity rose to $159.6 million.
Penns Woods Bancorp has declared a second quarter 2020 cash dividend of $0.32 per share, a $0.01 increase compared to the second quarter 2019, adjusted for a stock split. The dividend is payable on June 23, 2020 to shareholders of record on June 9, 2020. Penns Woods Bancorp operates through its subsidiaries, Jersey Shore State Bank and Luzerne Bank, serving areas in Pennsylvania with a variety of banking services. The company's stock trades on NASDAQ under the symbol PWOD.
