Penns Woods Bancorp (PWOD) Reports Q1 EPS of $0.70

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Penns Woods Bancorp, Inc. Reports First Quarter 2015 Operating Earnings

April 17, 2015 4:51 PM EDT

WILLIAMSPORT, Pa., April 17, 2015 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (Nasdaq: PWOD)

Penns Woods Bancorp, Inc. continued its solid earnings and growth achieving net income of $3,355,000 for the three months ended March 31, 2015 resulting in basic and dilutive earnings per share of $0.70.

Highlights

Net income from core operations ("operating earnings"), which is a non-generally accepted accounting principles (GAAP) measure of net income excluding net securities gains and bank owned life insurance gains on death benefits, decreased to $2,919,000 for the three months ended March 31, 2015 compared to $3,036,000 for the... More