Penns Woods Bancorp, Inc. Reports First Quarter 2025 Earnings |
WILLIAMSPORT, Pa., April 25, 2025 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $7.4 million for the three months ended March 31, 2025, resulting in basic earnings per share of $0.97 and diluted earnings per share of $0.95. |
globenewswire.com |
2025-04-25 14:55:00 |
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Northwest Bancshares, Inc. Merger with Penns Woods Bancorp, Inc. Receives Regulatory and Shareholder Approval |
Completion of Merger Expected to Take Place in Late July 2025 COLUMBUS, Ohio , April 23, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (Nasdaq: NWBI) today announced that it has received all regulatory and shareholder approvals required to complete the previously announced merger of Penns Woods Bancorp, Inc. ("Penns Woods") (Nasdaq: PWOD) with and into Northwest and the merger of Penns Woods' wholly-owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank each with and into Northwest Bank, a Pennsylvania-chartered savings bank and wholly-owned subsidiary of Northwest, with Northwest Bank as the surviving bank. The Federal Deposit Insurance Corporation has approved the merger of Jersey Shore State Bank and Luzerne Bank with and into Northwest Bank, and the Pennsylvania Department of Banking and Securities has approved the merger of Penns Woods with and into Northwest and the merger of the subsidiary banks. |
prnewswire.com |
2025-04-23 12:35:00 |
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PENNS WOODS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Penns Woods Bancorp, Inc. - PWOD |
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Penns Woods Bancorp, Inc. (NasdaqGS: PWOD) to Northwest Bancshares, Inc. (NasdaqGS: NWBI). Under the terms of the proposed transaction, shareholders of Penns will receive 2.385 shares of Northwest for each share of Penns that they own. KSF is seeking to determine whether this consideration and the process that. |
businesswire.com |
2025-02-25 15:03:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a first quarter 2025 cash dividend of $0.32 per share. |
globenewswire.com |
2025-02-25 11:49:00 |
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Penns Woods Bancorp, Inc. Reports Fourth Quarter 2024 Earnings |
WILLIAMSPORT, Pa., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $17.7 million for the twelve months ended December 31, 2024, resulting in basic and diluted earnings per share of $2.35. |
globenewswire.com |
2025-01-29 16:13:00 |
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PENNS WOODS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Penns Woods Bancorp, Inc. - PWOD |
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Penns Woods Bancorp, Inc. (NasdaqGS: PWOD) to Northwest Bancshares, Inc. (NasdaqGS: NWBI). Under the terms of the proposed transaction, shareholders of Penns will receive 2.385 shares of Northwest for each share of Penns that they own. KSF is seeking to determine whether this consideration and the process that. |
businesswire.com |
2025-01-06 20:40:00 |
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$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Penns Woods Bancorp, Inc. - PWOD |
NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Penns Woods Bancorp, Inc. (NASDAQ: PWOD ), relating to the proposed merger with Northwest Bancshares, Inc. Under the terms of the agreement, 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. |
prnewswire.com |
2024-12-17 21:00:00 |
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Shareholder Alert: Ademi LLP investigates whether Penns Woods Bancorp, Inc. is obtaining a Fair Price for its Public Shareholders |
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Penns Woods (NASDAQ: PWOD) for possible breaches of fiduciary duty and other violations of law in its transaction with Northwest. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, each outstanding share of Penns Woods common stock will be exchanged for 2.385 shares of Northwest common. |
businesswire.com |
2024-12-17 15:30:00 |
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PWOD Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Penns Woods Bancorp, Inc. Is Fair to Shareholders |
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Penns Woods Bancorp, Inc. (NASDAQ: PWOD) to Northwest Bancshares, Inc. for 2.385 shares of Northwest common stock for each share of Penns Woods common stock is fair to Penns Woods shareholders. Halper Sadeh encourages Penns Woods shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh. |
businesswire.com |
2024-12-17 13:02:00 |
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Northwest Bancshares Announces Agreement to Acquire Penns Woods Bancorp |
COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northwest Bancshares, Inc. (“Northwest”) (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. (“Penns Woods”) (NASDAQ: PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger (“Agreement”) whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania. |
globenewswire.com |
2024-12-17 11:28:00 |
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Northwest Bancshares, Inc. Announces Agreement to Acquire Penns Woods Bancorp, Inc. |
COLUMBUS, Ohio , Dec. 17, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ: PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania. |
prnewswire.com |
2024-12-17 10:15:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a fourth quarter 2024 cash dividend of $0.32 per share. |
globenewswire.com |
2024-11-26 15:02:00 |
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Penns Woods Bancorp, Inc. Reports Third Quarter 2024 Earnings |
WILLIAMSPORT, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $14.0 million for the nine months ended September 30, 2024, resulting in basic and diluted earnings per share of $1.86. |
globenewswire.com |
2024-10-24 19:18:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a third quarter 2024 cash dividend of $0.32 per share. |
globenewswire.com |
2024-08-27 15:35:00 |
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Penns Woods Bancorp: 5.9% Dividend Yield, But Earnings Outlook Is Lackluster |
Rate cuts will lift the residential loan balance, thereby boosting the bottom line. However, rate cuts will hurt the margin as assets are more rate-sensitive than liabilities. Earnings will likely be lower this year, then stabilize next year. PWOD is offering an attractive dividend yield of 5.9%. Although the capital is a bit low, the dividend appears to be safe. |
seekingalpha.com |
2024-08-09 19:53:11 |
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Penns Woods Bancorp, Inc. Amends CEO Grafmyre Contract |
WILLIAMSPORT, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ:PWOD) announced today that a mutual agreement has been reached with its Chief Executive Officer, Richard A. Grafmyre CFP®, to amend Mr. Grafmyre's employment agreement. The amendment was agreed upon after conducting a review of reported compensation data for the Company's peer group, industry compensation analysis, and discussions with shareholders. The amendment, effective June 3, 2024 removes the provision for Mr. Grafmyre to be compensated for unused paid time off (beginning with paid time off earned during the 2024 annual period), reduces Mr. Grafmyre's base salary to $850,000, and sets his maximum annual potential bonus amount at $325,000. These changes will reduce the maximum total annual compensation for Mr. Grafmyre by approximately $150,000 and will place a greater emphasis on at-risk compensation to better reflect the changes being seen within the Company's peer group. |
globenewswire.com |
2024-06-04 14:56:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., May 28, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a second quarter 2024 cash dividend of $0.32 per share. |
globenewswire.com |
2024-05-28 18:13:00 |
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Penns Woods Bancorp, Inc. Announces Stock Repurchase Program |
WILLIAMSPORT, Pa., May 28, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre, CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) (“Company”) has announced that the Company's Board of Directors has authorized the repurchase of up to 5% of the outstanding shares of the Company. The repurchase plan is for a one-year period ending May 31, 2025 and allows for the repurchase of up to 376,000 shares. The repurchase plan replaces the existing previously authorized repurchase plan, which expires on May 31, 2024. |
globenewswire.com |
2024-05-28 15:26:00 |
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Penns Woods Bancorp: Short-Term Headwinds But Unreasonably Undervalued |
Penns Woods is a small bank holding company operating in Pennsylvania. Its loan portfolio is well-diversified and has a high credit quality. Therefore, it is interesting to see how large a discount the market has assigned to the tangible book value here. |
seekingalpha.com |
2024-05-13 15:52:22 |
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Penns Woods Bancorp, Inc. Reports First Quarter 2024 Earnings |
WILLIAMSPORT, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $3.8 million for the three months ended March 31, 2024, resulting in basic and diluted earnings per share of $0.51. |
globenewswire.com |
2024-04-25 14:52:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a first quarter 2024 cash dividend of $0.32 per share. |
globenewswire.com |
2024-02-27 12:00:00 |
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Penns Woods Bancorp, Inc. Reports Fourth Quarter and Year Ended 2023 Earnings |
WILLIAMSPORT, Pa., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $16.6 million for the twelve months ended December 31, 2023, resulting in basic and diluted earnings per share of $2.34. |
globenewswire.com |
2024-01-29 14:11:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a fourth quarter 2023 cash dividend of $0.32 per share. |
globenewswire.com |
2023-11-28 13:59:00 |
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Penns Woods Bancorp, Inc. Reports Third Quarter 2023 Earnings |
WILLIAMSPORT, Pa., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $11.1 million for the nine months ended September 30, 2023, resulting in basic and diluted earnings per share of $1.56 and $1.53. |
globenewswire.com |
2023-10-25 15:26:00 |
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Penns Woods Bancorp, Inc. Announces “At-the-Market” Equity Offering Program |
WILLIAMSPORT, Pa., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc., (NASDAQ: PWOD) (the “Company”) announced today that it has filed with the Securities and Exchange Commission (SEC) a prospectus supplement to its existing shelf registration statement on Form S-3, under which it may offer and sell shares of its common stock having an aggregate offering price of up to $20 million from time to time through an “at-the-market” (ATM) equity offering program. The timing and amount of any sales will be determined by a variety of factors considered by the Company. |
globenewswire.com |
2023-09-13 12:46:00 |
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend |
WILLIAMSPORT, Pa., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a third quarter 2023 cash dividend of $0.32 per share. |
globenewswire.com |
2023-08-22 14:21:00 |
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