Penns Woods Bancorp ( NASDAQ:PWOD ) First Quarter 2024 Results Key Financial Results Revenue: US$16.1m (down 2.5% from...
Net Income and EPS Decline as Bank Faces Higher Funding Costs
WILLIAMSPORT, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $3.8 million for the three months ended March 31, 2024, resulting in basic and diluted earnings per share of $0.51. Highlights Net income, as reported under GAAP, for the three months ended March 31, 2024 was $3.8 million, compared $4.7 million for the same period of 2023. Results for the three months ended March 31, 2024 compared to 2023 were impacted b