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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 RTTNews Staff Writer

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