Penns Woods Bancorp, Inc. (PWOD)

Penns Woods Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	97.74	83.29	58.68	53.23	57.22	60.38
Interest Income on Investments	9.62	8.3	6.25	5.18	5.42	6.39
Total Interest Income	107.36	91.6	64.93	58.41	62.64	66.77
Interest Paid on Deposits	33.88	22.13	3.69	5.55	10.57	11.44
Interest Paid on Borrowings	16.22	14.5	3.46	3.15	3.85	4.52
Total Interest Expense	50.1	36.63	7.15	8.7	14.42	15.96
Net Interest Income	57.27	54.96	57.78	49.72	48.22	50.82
Net Interest Income Growth (YoY)	1.24%	-4.87%	16.22%	3.10%	-5.10%	6.29%
Income From Trading Activities	-	-	-	-	-	0.02
Gain (Loss) on Sale of Assets	-0.33	-	-	-	-	-0.95
Gain (Loss) on Sale of Investments	-0.03	-0.18	-0.37	0.66	1.61	0.73
Other Non-Interest Income	7.45	7.13	7.95	8.54	6.41	7.95
Total Non-Interest Income	8.42	7.99	8.71	11.67	12.17	9.5
Non-Interest Income Growth (YoY)	2.22%	-8.25%	-25.33%	-4.10%	28.04%	0.44%
Revenues Before Loan Losses	65.68	62.96	66.49	61.39	60.39	60.32
Provision for Loan Losses	-2.04	-1.48	1.91	0.64	2.63	2.74
Revenue	67.72	64.44	64.58	60.75	57.77	57.58
Revenue Growth (YoY)	5.88%	-0.23%	6.31%	5.16%	0.32%	3.69%
Salaries and Employee Benefits	24.69	24.11	23.04	22.05	20.78	21.15
Federal Deposit Insurance	1.64	1.58	0.94	0.96	0.94	0.58
Amortization of Goodwill & Intangibles	1.01	0.96	0.99	1.06	1.21	1.14
Selling, General & Administrative	9.88	11.15	10.72	10.67	9.54	9.54
Other Non-Interest Expense	6.96	6.7	6.65	6.16	6.61	6.36
Total Non-Interest Expense	44.17	44.5	42.35	40.91	39.07	38.76
EBT Excluding Unusual Items	23.55	19.94	22.24	19.84	18.7	18.82
Pretax Income	23.93	20.32	21.59	19.84	18.7	18.82
Income Tax Expense	4.38	3.71	4.16	3.79	3.47	3.14
Earnings From Continuing Operations	19.55	16.61	17.42	16.05	15.22	15.69
Minority Interest in Earnings	-	-	-	-0.02	-0.02	-0.01
Net Income	19.55	16.61	17.42	16.03	15.21	15.67
Net Income to Common	19.55	16.61	17.42	16.03	15.21	15.67
Net Income Growth	25.65%	-4.67%	8.66%	5.44%	-2.97%	6.58%
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7	7
Shares Change (YoY)	3.92%	0.75%	-0.03%	0.25%	-0.97%	1.11%
EPS (Basic)	2.62	2.34	2.47	2.27	2.16	2.23
EPS (Diluted)	2.62	2.34	2.47	2.27	2.16	2.20
EPS Growth	20.90%	-5.38%	8.72%	5.16%	-1.88%	5.26%
Dividend Per Share	1.280	1.280	1.280	1.280	1.280	1.260
Dividend Growth	0%	0%	0%	0%	1.59%	0.80%
Effective Tax Rate	18.30%	18.28%	19.29%	19.12%	18.58%	16.67%

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