Penns Woods Bancorp INC
Market Movers (8-K)
Northwest Bancshares, Inc. has completed its previously announced merger with Penns Woods Bancorp, Inc., with Penns Woods shareholders receiving 2.385 shares of Northwest common stock for each Penns Woods share.
8-K: Penns Woods Bancorp Reports Strong First Quarter 2025 Earnings, Driven by Net Interest Income Growth
Penns Woods Bancorp, Inc. announces a significant increase in net income for Q1 2025, driven by expanded net interest margin and a recovery on a commercial loan.
Better than expected
Penns Woods Bancorp shareholders voted to approve the merger agreement with Northwest Bancshares at a Special Meeting held on April 22, 2025.
Penns Woods Bancorp reported a net income of $17.7 million for 2024, with fourth-quarter results impacted by merger-related expenses and a one-time loss from asset disposals.
Worse than expected
Northwest Bancshares will acquire Penns Woods Bancorp in an all-stock merger, with Penns Woods shareholders receiving 2.385 shares of Northwest common stock for each share of Penns Woods common stock.
Northwest Bancshares will acquire Penns Woods Bancorp in an all-stock transaction valued at approximately $270.4 million, creating a larger regional bank with enhanced presence in Pennsylvania.
Better than expected
Quarterly Earnings (10-Q)
10-Q: Penns Woods Bancorp Reports Strong First Quarter Earnings Driven by Net Interest Income Growth
Penns Woods Bancorp's Q1 2025 net income surged to $7.367 million, driven by an increase in net interest income and a recovery on a commercial loan.
Better than expected
Penns Woods Bancorp's Q3 2024 net income increased significantly compared to the same period last year, primarily due to growth in net interest income and a negative provision for credit losses.
Better than expected
Penns Woods Bancorp saw a rise in net income for the second quarter of 2024, driven by increased net interest income and a stabilization of funding costs.
Better than expected
10-Q: Penns Woods Bancorp Reports Q1 2024 Earnings, Net Income Declines Amidst Rising Interest Rates
Penns Woods Bancorp's first quarter 2024 net income decreased to $3.8 million, compared to $4.7 million in the same period last year, primarily due to increased interest expenses.
Worse than expected
Annual Reports (10-K)
10-K: Penns Woods Bancorp Announces Merger Agreement with Northwest Bancshares in Annual 10-K Filing
Penns Woods Bancorp's 10-K filing details a merger agreement with Northwest Bancshares, alongside financial results and risk factors for the year ended December 31, 2024.
Better than expected
Penns Woods Bancorp, Inc.'s 10-K filing provides a detailed overview of its capital stock structure, regulatory environment, and financial performance for the year ended December 31, 2023.
Capital raise
Worse than expected
Insider Trading (Form 4)
Penns Woods Bancorp President Brian L. Knepp disposed of all his common stock and employee stock options as the company completed its merger with Northwest Bancshares, Inc. on July 25, 2025.
Karen S. Young, President & CEO of Penns Woods Bancorp, reported the conversion of her common stock and the cash-out of her employee stock options as a result of the company's merger with Northwest Bancshares, Inc.
A director of Penns Woods Bancorp, Inc. reported the disposal of 24,000 common shares as a result of the company's merger with Northwest Bancshares, Inc. on July 25, 2025.
A director of Penns Woods Bancorp, Inc. reported the disposition of shares following the company's merger with Northwest Bancshares, Inc. on July 25, 2025.
Form 4: Penns Woods Bancorp Director Reports Final Share Disposition Post-Merger with Northwest Bancshares
A director of Penns Woods Bancorp Inc. reported the disposition of all beneficial shares following the company's merger completion with Northwest Bancshares Inc.
Form 4: Penns Woods Bancorp CEO Disposes of Shares and Options Following Merger with Northwest Bancshares
Robert Neher, President & CEO of Luzerne Bank, reported the disposition of all his Penns Woods Bancorp common stock and employee stock options due to the company's merger with Northwest Bancshares, Inc.
Proxy Statements (Def-14A)
Northwest Bancshares, Inc. and Penns Woods Bancorp, Inc. have entered into a definitive agreement for Northwest to acquire Penns Woods in an all-stock transaction, aiming to expand Northwest's market presence and deliver greater value to stakeholders.
Northwest Bancshares, Inc. and Penns Woods Bancorp, Inc. have entered into a definitive agreement for Northwest to acquire Penns Woods in an all-stock transaction, expected to close in the third quarter of 2025.
Northwest Bancshares will acquire Penns Woods Bancorp in an all-stock transaction valued at approximately $270.4 million, creating a larger regional bank with enhanced presence in Pennsylvania.
Better than expected
Penns Woods Bancorp will hold its annual shareholder meeting virtually on May 7, 2024, to elect directors and ratify the appointment of its accounting firm.
Schedule 13G - Passive Investments
The Vanguard Group has disclosed a passive 5.06% ownership stake in Penns Woods Bancorp Inc., holding 385,829 shares of common stock.