Penns Woods Bancorp, Inc. (PWOD)

Penns Woods Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	99.78	83.29	58.68	53.23	57.22
Interest Income on Investments	9.92	8.3	6.25	5.18	5.42
Total Interest Income	109.7	91.6	64.93	58.41	62.64
Interest Paid on Deposits	35.96	22.13	3.69	5.55	10.57
Interest Paid on Borrowings	14.86	14.5	3.46	3.15	3.85
Total Interest Expense	50.82	36.63	7.15	8.7	14.42
Net Interest Income	58.88	54.96	57.78	49.72	48.22
Net Interest Income Growth (YoY)	7.12%	-4.87%	16.22%	3.10%	-5.10%
Gain (Loss) on Sale of Investments	-0.06	-0.18	-0.37	0.66	1.61
Other Non-Interest Income	8.19	7.13	7.95	8.54	6.41
Total Non-Interest Income	9.62	7.99	8.71	11.67	12.17
Non-Interest Income Growth (YoY)	20.32%	-8.25%	-25.33%	-4.10%	28.04%
Revenues Before Loan Losses	68.5	62.96	66.49	61.39	60.39
Provision for Loan Losses	0.12	-1.48	1.91	0.64	2.63
Revenue	68.38	64.44	64.58	60.75	57.77
Revenue Growth (YoY)	6.11%	-0.23%	6.31%	5.16%	0.32%
Salaries and Employee Benefits	26.26	24.11	23.04	22.05	20.78
Federal Deposit Insurance	1.56	1.58	0.94	0.96	0.94
Amortization of Goodwill & Intangibles	1.1	0.96	0.99	1.06	1.21
Selling, General & Administrative	9.28	11.15	10.72	10.67	9.54
Other Non-Interest Expense	7.55	6.7	6.65	6.16	6.61
Total Non-Interest Expense	45.75	44.5	42.35	40.91	39.07
EBT Excluding Unusual Items	22.63	19.94	22.24	19.84	18.7
Pretax Income	21.89	20.32	21.59	19.84	18.7
Income Tax Expense	4.15	3.71	4.16	3.79	3.47
Earnings From Continuing Operations	17.74	16.61	17.42	16.05	15.22
Minority Interest in Earnings	-	-	-	-0.02	-0.02
Net Income	17.74	16.61	17.42	16.03	15.21
Net Income to Common	17.74	16.61	17.42	16.03	15.21
Net Income Growth	6.81%	-4.67%	8.66%	5.44%	-2.97%
Basic Shares Outstanding	8	7	7	7	7
Diluted Shares Outstanding	8	7	7	7	7
Shares Change (YoY)	6.06%	0.75%	-0.03%	0.25%	-0.97%
EPS (Basic)	2.35	2.34	2.47	2.27	2.16
EPS (Diluted)	2.35	2.34	2.47	2.27	2.16
EPS Growth	0.64%	-5.38%	8.72%	5.16%	-1.88%
Dividend Per Share	1.280	1.280	1.280	1.280	1.280
Dividend Growth	0%	0%	0%	0%	1.59%
Effective Tax Rate	18.97%	18.28%	19.29%	19.12%	18.58%

Source: S&P Capital IQ. Banks template. Financial Sources.