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

Editors Pick
Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential... Fiat Chrysler Automobiles's US will focus on Jeep SUVs and Ram Pickups and plans to stop producing small passenger cars from early next year. The plan to stop Dart and Chrysler 200 production will be effective by first quarter of 2017. The new plans are expected to increase profit margins, as SUVs...
comments powered by Disqus
Follow RTT