Penns Woods Bancorp, Inc. (PWOD) Monday reported first-quarter profit of $3.68 million, down from $3.69 million in the same period last year. On a per-share basis, earnings were $0.96, flat with last year.
Net-interest income increased 7 percent to $8.21 million from $7.67 million last year. Non-interest income totaled $2.73 million, down 1.09 percent from $2.76 million last year.
Provision for loan losses was $500 thousand, down 16.7 percent from $600 thousand last year.
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