Penns Woods Bancorp (PWOD) Reports Q1 EPS of $0.65
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Penns Woods Bancorp, Inc. Reports First Quarter 2016 Earnings
April 20, 2016 3:49 PM EDTWILLIAMSPORT, Pa., April 20, 2016 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD)
Penns Woods Bancorp, Inc. continued its solid earnings, supported by strong asset and deposit growth, achieving net income of $3,078,000 for the three months ended March 31, 2016 resulting in basic and dilutive earnings per share of $0.65.
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, decreased to $2,764,000 for the three months ended March 31, 2016 compared to $2,919,000 for the same period of 2015. The 2015 period included... More