Penns Woods Bancorp, Inc. (OQ:PWOD)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 Market Street WILLIAMSPORT PA 17701 |
| Tel: | N/A |
| Website: | https://www.pwod.com |
| IR: | See website |
| Key People | ||
| Brian L. Knepp President, Chief Financial Officer, Director | Richard A. Grafmyre Chief Executive Officer, Director | Aron M. Carter Senior Vice President, Chief Risk Officer | Michelle M. Karas Senior Vice President, Secretary and Chief Data Officer |
| Business Overview |
| Penns Woods Bancorp, Inc. is a bank holding company. The Company operates, through its subsidiaries, namely Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Banks engage in business as commercial banks, doing business at locations in Lycoming, Clinton, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The Banks offers insurance, securities brokerage services, annuity and mutual fund investment products, and financial planning through the M Group, Inc. doing business as The Comprehensive Financial Group (M Group). Services offered by the Banks include accepting time, demand and savings deposits, including Super NOW accounts, statement savings accounts, money market accounts, and others. The Banks services also include making secured and unsecured business and consumer loans. Its subsidiaries also include Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. and United Insurance Solutions, LLC. |
| Financial Overview |
| For the three months ended 31 March 2024, Penns Woods Bancorp, Inc. interest income increased 32% to $26.2M. Net interest income after loan loss provision decreased 4% to $13.6M. Net income decreased 18% to $3.8M. Net interest income after loan loss provision reflects Tax-exempt -Investment securities decrease of 46% to $97K. Net income also reflects Deposits increase from $3.4M to $8M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $487.20M as of Mar 31, 2024 |
| Annual revenue (TTM): | $97.96M as of Mar 31, 2024 |
| EBITDA (TTM): | $38.33M as of Mar 31, 2024 |
| Net annual income (TTM): | $15.76M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $349.49M as of Mar 31, 2024 |
| Shares outstanding: | 7,525,372 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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