Buy Or Sell Opportunity • Jul 23
Now 20% undervalued Over the last 90 days, the stock has risen 13% to US$31.50. The fair value is estimated to be US$39.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Declared Dividend • May 29
First quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 10th June 2025 Payment date: 24th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 28
Penns Woods Bancorp, Inc. Announces Quarterly Dividend, Payable on June 24, 2025 Penns Woods Bancorp, Inc. announced that the Company’s Board of Directors declared a second quarter 2025 cash dividend of $0.32 per share. The dividend is payable June 24, 2025 to shareholders of record June 10, 2025. Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: US$0.97 (vs US$0.51 in 1Q 2024) First quarter 2025 results: EPS: US$0.97 (up from US$0.51 in 1Q 2024). Revenue: US$21.7m (up 38% from 1Q 2024). Net income: US$7.37m (up 94% from 1Q 2024). Profit margin: 34% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to US$29.25. The fair value is estimated to be US$36.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years, while earnings per share has been flat. Declared Dividend • Feb 27
Fourth quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 11th March 2025 Payment date: 25th March 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Feb 25
Penns Woods Bancorp, Inc. Announces Quarterly Dividend, Payable on March 25, 2025 Penns Woods Bancorp, Inc. announced that the Company’s Board of Directors declared a first quarter 2025 cash dividend of $0.32 per share. The dividend is payable March 25, 2025 to shareholders of record March 11, 2025. Recent Insider Transactions Derivative • Feb 12
President exercised options to buy US$706k worth of stock. On the 7th of February, Brian Knepp exercised 103.60k options at around US$28.01, then sold 80.84k of them at US$31.90 each and kept the remainder. Since March 2024, Brian's direct individual holding has increased from 17.80k shares to 22.61k. Company insiders have collectively bought US$327k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: US$2.35 (vs US$2.34 in FY 2023) Full year 2024 results: EPS: US$2.35 (up from US$2.34 in FY 2023). Revenue: US$68.4m (up 6.1% from FY 2023). Net income: US$17.7m (up 6.8% from FY 2023). Profit margin: 26% (in line with FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 14% to US$30.50. The fair value is estimated to be US$38.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years, while earnings per share has been flat. Announcement • Jan 30
Penns Woods Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 Penns Woods Bancorp, Inc. reported Net charge-offs for the fourth quarter ended December 31, 2024. The company's net charge-offs was $228,000. Buy Or Sell Opportunity • Jan 02
Now 21% undervalued Over the last 90 days, the stock has risen 22% to US$29.81. The fair value is estimated to be US$37.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Announcement • Dec 19
Northwest Bancshares, Inc. (NasdaqGS:NWBI) entered into a definitive agreement to acquire an Penns Woods Bancorp, Inc. (NasdaqGS:PWOD) for approximately $260 million. Northwest Bancshares, Inc. (NasdaqGS:NWBI) entered into a definitive agreement to acquire an Penns Woods Bancorp, Inc. (NasdaqGS:PWOD) for approximately $260 million on December 16, 2024. Under the terms of the Agreement, Northwest will exchange shares of its common stock for all of the outstanding shares of Penns Woods common stock. Penns Woods shareholders will be entitled to receive 2.385 shares of Northwest common stock for each share of Penns Woods common stock they own upon the effective time of the merger. Upon completion of the merger, the shares issued to Penns Woods shareholders are expected to comprise approximately 12% of the outstanding shares of the combined company. At closing, Jersey Shore State Bank and Luzerne Bank branches will become branches of Northwest Bank. Northwest will appoint Richard A. Grafmyre to the boards of Northwest and Northwest Bank after closing.
The transaction is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by Penns Woods shareholders. The deal has been unanimously approved by the board of both companies. The transaction is expected to complete in the third quarter of 2025. Excluding one-time transaction costs, Northwest expects the transaction to be approximately 23% accretive to 2026 fully diluted earnings per share. Janney Montgomery Scott, LLC is acting as financial advisor to Northwest, and Dinsmore & Shohl LLP is acting as its legal advisor in the transaction. Frank Sorrentino of Stephens Inc. is acting as financial advisor to Penns Woods, and Stevens & Lee, P.C. is acting as its legal advisor in the transaction. Buy Or Sell Opportunity • Dec 18
Now 20% undervalued Over the last 90 days, the stock has risen 27% to US$30.35. The fair value is estimated to be US$38.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Declared Dividend • Nov 29
Third quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 10th December 2024 Payment date: 23rd December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 27
Penns Woods Bancorp, Inc. Announces Fourth Quarterly Dividend, Payable on December 23, 2024 Penns Woods Bancorp, Inc., has announced that the Company’s Board of Directors declared a fourth quarter 2024 cash dividend of $0.32 per share. The dividend is payable December 23, 2024 to shareholders of record December 10, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.64 (vs US$0.31 in 3Q 2023) Third quarter 2024 results: EPS: US$0.64 (up from US$0.31 in 3Q 2023). Revenue: US$16.7m (up 21% from 3Q 2023). Net income: US$4.80m (up 116% from 3Q 2023). Profit margin: 29% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Declared Dividend • Aug 29
Second quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 10th September 2024 Payment date: 24th September 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Aug 27
Penns Woods Bancorp, Inc. Announces Dividend for the Third Quarter 2024, Payable on September 24, 2024 Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., has announced that the Company’s Board of Directors declared a third quarter 2024 cash dividend of $0.32 per share. The dividend is payable September 24, 2024 to shareholders of record September 10, 2024. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: US$0.72 (vs US$0.59 in 2Q 2023) Second quarter 2024 results: EPS: US$0.72 (up from US$0.59 in 2Q 2023). Revenue: US$17.7m (up 6.8% from 2Q 2023). Net income: US$5.39m (up 29% from 2Q 2023). Profit margin: 30% (up from 25% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.72 (vs US$0.59 in 2Q 2023) Second quarter 2024 results: EPS: US$0.72 (up from US$0.59 in 2Q 2023). Revenue: US$17.7m (up 6.8% from 2Q 2023). Net income: US$5.39m (up 29% from 2Q 2023). Profit margin: 30% (up from 25% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Jul 18
Now 22% undervalued Over the last 90 days, the stock has risen 24% to US$22.31. The fair value is estimated to be US$28.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 2.6%. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$22.70, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 14% over the past three years. Declared Dividend • May 30
First quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 11th June 2024 Payment date: 25th June 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 29
Penns Woods Bancorp, Inc. Announces Quarterly Dividend, Payable June 25, 2024 Penns Woods Bancorp, Inc. announced that the Company’s Board of Directors declared a second quarter 2024 cash dividend of $0.32 per share. The dividend is payable June 25, 2024 to shareholders of record June 11, 2024. Recent Insider Transactions • May 01
Independent Director recently bought US$53k worth of stock On the 30th of April, Charles Kranich bought around 3k shares on-market at roughly US$17.55 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$322k more in shares than they have sold in the last 12 months. Announcement • Apr 27
Penns Woods Bancorp, Inc. Announces Unaudited Net Loan Charge-Offs for the First Quarter Ended March 31, 2024 Penns Woods Bancorp, Inc. announced unaudited net loan charge-offs for the first quarter ended March 31, 2024. For the quarter, the company reported Net loan charge-offs of $380,000 against $123,000 a year ago. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.66 in 1Q 2023) First quarter 2024 results: EPS: US$0.51 (down from US$0.66 in 1Q 2023). Revenue: US$16.1m (down 2.5% from 1Q 2023). Net income: US$3.81m (down 18% from 1Q 2023). Profit margin: 24% (down from 28% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Mar 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$2.34 (vs US$2.47 in FY 2022) Full year 2023 results: EPS: US$2.34 (down from US$2.47 in FY 2022). Revenue: US$64.4m (flat on FY 2022). Net income: US$16.6m (down 4.7% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). Net interest margin (NIM): 2.80% (down from 3.24% in FY 2022). Non-performing loans: 0.17% (down from 0.30% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 04
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 26 March 2024. Trailing yield: 6.6%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.1%). Declared Dividend • Mar 01
Fourth quarter dividend of US$0.32 announced Dividend of US$0.32 is the same as last year. Ex-date: 11th March 2024 Payment date: 26th March 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
Penns Woods Bancorp, Inc., Annual General Meeting, May 07, 2024 Penns Woods Bancorp, Inc., Annual General Meeting, May 07, 2024, at 09:00 US Eastern Standard Time. Announcement • Feb 27
Penns Woods Bancorp, Inc. Declares Dividend for the First Quarter of 2024, Payable on March 26, 2024 Penns Woods Bancorp, Inc. has announced that the Company’s Board of Directors declared a first quarter 2024 cash dividend of $0.32 per share. The dividend is payable March on 26, 2024 to shareholders of record March 12, 2024. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: US$2.34 (vs US$2.47 in FY 2022) Full year 2023 results: EPS: US$2.34 (down from US$2.47 in FY 2022). Revenue: US$64.8m (flat on FY 2022). Net income: US$16.6m (down 4.7% from FY 2022). Profit margin: 26% (down from 27% in FY 2022). Net interest margin (NIM): 2.80% (down from 3.24% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$23.53, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 5.9% over the past three years. Buying Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be US$25.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 6.7%. Upcoming Dividend • Dec 04
Upcoming dividend of US$0.32 per share at 6.3% yield Eligible shareholders must have bought the stock before 11 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.5%). Announcement • Nov 29
Penns Woods Bancorp, Inc. Announces Quarterly Cash Dividend for the Fourth Quarter of 2023, Payable on December 22, 2023 Penns Woods Bancorp, Inc. has announced that the Company’s Board of Directors declared a fourth quarter 2023 cash dividend of $0.32 per share. The dividend is payable December 22, 2023 to shareholders of record December 12, 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.31 (vs US$0.74 in 3Q 2022) Third quarter 2023 results: EPS: US$0.31 (down from US$0.74 in 3Q 2022). Revenue: US$13.8m (down 18% from 3Q 2022). Net income: US$2.22m (down 58% from 3Q 2022). Profit margin: 16% (down from 31% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be US$31.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 9.0%. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.32 per share at 5.1% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.7%). Announcement • Aug 23
Penns Woods Bancorp, Inc. Announces Quarterly Dividend for Third Quarter 2023, Payable on September 19, 2023 Penns Woods Bancorp, Inc. has announced that the Company’s Board of Directors declared a third quarter 2023 cash dividend of $0.32 per share. The dividend is payable September 19, 2023 to shareholders of record September 5, 2023. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.59 (vs US$0.60 in 2Q 2022) Second quarter 2023 results: EPS: US$0.59 (down from US$0.60 in 2Q 2022). Revenue: US$16.6m (up 6.0% from 2Q 2022). Net income: US$4.17m (down 1.4% from 2Q 2022). Profit margin: 25% (down from 27% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Buying Opportunity • Jul 13
Now 20% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be US$30.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 8.0%. Buying Opportunity • Jun 26
Now 20% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be US$31.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 8.0%. Upcoming Dividend • May 29
Upcoming dividend of US$0.32 per share at 5.2% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (5.2%). Higher than average of industry peers (3.7%). Buying Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be US$31.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 8.0%. Announcement • May 24
Penns Woods Bancorp, Inc. Announces Quarterly Dividend, Payable on June 20, 2023 Penns Woods Bancorp, Inc. announced that the Company’s Board of Directors declared a second quarter 2023 cash dividend of $0.32 per share. The dividend is payable June 20, 2023 to shareholders of record June 6, 2023. Announcement • May 13
Penns Woods Bancorp, Inc. and Jersey Shore State Bank Announces Resignation of James M. Furey II as Director On May 11, 2023, James M. Furey II, a director of Penns Woods Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Jersey Shore State Bank (the “Bank”), resigned as a director of the Company and the Bank in accordance with the Company’s mandatory director retirement bylaw, which requires a director to resign upon attaining age 76. Buying Opportunity • Apr 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be US$28.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 5.7%. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$2.47 (vs US$2.27 in FY 2021) Full year 2022 results: EPS: US$2.47 (up from US$2.27 in FY 2021). Revenue: US$64.6m (up 6.3% from FY 2021). Net income: US$17.4m (up 8.7% from FY 2021). Profit margin: 27% (in line with FY 2021). Net interest margin (NIM): 3.24% (up from 2.85% in FY 2021). Non-performing loans: 0.30% (down from 0.45% in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Mar 06
Upcoming dividend of US$0.32 per share at 4.8% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 28 March 2023. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$2.47 (vs US$2.27 in FY 2021) Full year 2022 results: EPS: US$2.47 (up from US$2.27 in FY 2021). Revenue: US$64.6m (up 6.3% from FY 2021). Net income: US$17.4m (up 8.7% from FY 2021). Profit margin: 27% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 28
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 05 December 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.9%). Announcement • Nov 23
Penns Woods Bancorp, Inc. Announces Quarterly Dividend, Payable on December 20, 2022 Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc. has announced that the company’s Board of Directors declared a fourth quarter 2022 cash dividend of $0.32 per share. The dividend is payable December 20, 2022 to shareholders of record December 6, 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. Independent Director Charles Kranich was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$0.74 (vs US$0.58 in 3Q 2021) Third quarter 2022 results: EPS: US$0.74 (up from US$0.58 in 3Q 2021). Revenue: US$16.8m (up 8.1% from 3Q 2021). Net income: US$5.25m (up 27% from 3Q 2021). Profit margin: 31% (up from 27% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 28
Penns Woods Bancorp, Inc. and Announce Resignation of Ronald A. Walko as A Director On September 27, 2022, Ronald A. Walko, a director of Penns Woods Bancorp, Inc. and its wholly owned subsidiary, Jersey Shore State Bank, resigned as a director of the Company and the Bank in accordance with the Company’s mandatory director retirement bylaw, which requires a director to resign upon attaining age 76. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (3.1%). Announcement • Aug 24
Penns Woods Bancorp, Inc. Announces Dividend for the Third Quarter of 2022, Payable on September 20, 2022 Penns Woods Bancorp, Inc., has announced that the Company’s Board of Directors declared a third quarter 2022 cash dividend of $0.32 per share. The dividend is payable September 20, 2022 to shareholders of record September 6, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.60 (vs US$0.51 in 2Q 2021) Second quarter 2022 results: EPS: US$0.60 (up from US$0.51 in 2Q 2021). Revenue: US$15.7m (up 6.8% from 2Q 2021). Net income: US$4.23m (up 18% from 2Q 2021). Profit margin: 27% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 