Penns Woods Bancorp (PWOD) Q4 2025 earnings summary

Executive summary

• Net income for 2024 was $17.7 million, up 6.8% year-over-year; Q4 net income was $3.7 million, down 32.7% from Q4 2023.

• Basic and diluted EPS for 2024 were $2.35, nearly flat year-over-year; Q4 EPS was $0.50 (basic), down from $0.77 in Q4 2023.

• Core earnings (non-GAAP) for 2024 were $18.4 million, with core EPS of $2.44; Q4 core EPS was $0.58.

• After-tax merger expenses of $581,000 and a one-time after-tax loss of $261,000 from branch asset disposals impacted 2024 results.

• Acquisition by Northwest Bancshares, Inc. was announced in December 2024.

Financial highlights

• Net interest income rose 7.1% year-over-year to $58.9 million; Q4 net interest income increased 11.6% to $15.6 million.

• Net interest margin for 2024 was 2.83%, up from 2.80% in 2023; Q4 margin was 2.98%, up from 2.73% in Q4 2023.

• Total assets reached $2.23 billion at year-end, up 1.25% from 2023; net loans grew 2.0% to $1.87 billion.

• Deposits increased 7.3% to $1.71 billion; time deposits and brokered deposits drove growth.

• Shareholders' equity rose 7.1% to $205.2 million; book value per share was $27.16, tangible book value per share $24.97.

Outlook and guidance

• Management highlighted ongoing deposit competition, interest rate volatility, and integration risks from the pending merger.

• Forward-looking statements caution on regulatory, economic, and merger-related uncertainties.