pwod: the income statement

MyFinsight

PENNS WOODS BANCORP INC (PWOD)

For the quarter ending 2025-03-31, PWOD made $1,362K in revenue. $7,367K in net income. Net profit margin of 540.90%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-03-31	2024-09-30	2024-06-30
Revenue from contract with customer	1,362	1,552	1,433
Other	175	211	124
Gain on sale of loans	408	416	300
Net equity securities gains (losses)	17	41	-7
Net debt securities gains (losses), available for sale	305	-5	-12
Bank-owned life insurance	301	206	187
Total non-interest income	2,568	2,421	2,025
Professional fees	505	530	572
Other	1,341	1,409	1,403
Occupancy	874	731	758
Marketing	47	60	78
Salaries and employee benefits	6,483	6,402	6,400
Federal deposit insurance corporation deposit insurance	397	399	421
Furniture and equipment	997	731	766
Software amortization	419	245	222
Merger expense	1,093	-	-
Intangible amortization	25	26	25
Pennsylvania shares tax	413	351	351
Total non-interest expense	12,594	10,884	10,996
Short-term borrowings	1,056	932	1,087
Long-term borrowings	2,438	2,601	2,550
Deposits	8,744	9,599	8,877
Total interest expense	12,238	13,132	12,514
Dividend and other interest income	581	621	680
Tax-exempt	60	61	75
Taxable	1,723	1,874	1,745
Loans, including fees	26,014	25,632	24,529
Total interest and dividend income	28,378	28,188	27,029
Net interest income	16,140	15,056	14,515
(recovery) provision for credit losses	-2,969	740	-1,177
Net interest income after (recovery) provision for credit losses	19,109	14,316	15,692
Income before income tax provision	9,083	5,853	6,721
Income tax provision	1,716	1,052	1,331
Net income available to common shareholders'	7,367	4,801	5,390
Net income	-	4,801	5,390

Basic eps	0.97	0.64	0.72
Diluted eps	0.95	0.64	0.72
Basic average shares	7,589,592	7,544,344	7,529,239
Diluted average shares	7,728,688	7,544,344	7,529,239

Unit: Thousand (K) dollars (except for numbers of shares and EPS)