logo
Share SHARE
FONT-SIZE Plus   Neg

Penns Woods Bancorp Q2 Profit Rises, EPS Down

Penns Woods Bancorp Inc. (PWOD) Friday reported second-quarter profit of $3.66 million, up 7.68 percent from $3.40 million in the same period last year. On a per-share basis, earnings dropped to $0.88 from $0.89 last year.

Net-interest income increased 13.72 percent to $8.75 million from $7.70 million last year. Non-interest income totaled $3.54 million, up 55 percent from $2.28 million last year.

Provision for loan losses decreased to $575 thousand from $600 thousand last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade PWOD now with 
Follow RTT