PWOD Overview

Merger Completion: Northwest Bancshares, Inc. has successfully completed its merger with Penns Woods Bancorp, enhancing its banking presence in Pennsylvania by adding 21 branch locations and rebranding former banks under the Northwest Bank name.

Leadership Changes and Future Plans: Richard A. Grafmyre, CEO of Penns Woods, has been appointed to the Board of Directors of Northwest, and the company plans to discuss its second quarter financial results in an upcoming conference call on July 30, 2025.

Dividend Announcement: Penns Woods Bancorp, Inc. has declared a cash dividend of $0.32 per share for the second quarter of 2025, payable on June 24, 2025, to shareholders of record as of June 10, 2025.

Company Overview: Penns Woods Bancorp, Inc. operates Jersey Shore State Bank and Luzerne Bank, providing various banking services in North Central and Northeastern Pennsylvania, with its stock listed on NASDAQ under the symbol PWOD.

Financial Performance: Penns Woods Bancorp, Inc. reported a net income of $7.4 million for Q1 2025, significantly up from $3.8 million in the same period last year, with basic earnings per share increasing to $0.97 from $0.51. The growth was driven by a rise in net interest income and a recovery on commercial loans.

Asset and Deposit Growth: Total assets rose to $2.3 billion, with net loans increasing to $1.9 billion, while total deposits grew by $105.4 million to reach $1.7 billion. The bank also experienced an increase in non-performing loans, which rose to 0.53% of total loans.

Merger Completion Timeline: Northwest Bancshares, Inc. has received all necessary regulatory and shareholder approvals to complete its merger with Penns Woods Bancorp, Inc., expected to finalize in late July 2025.

Regulatory Approvals: The merger has been approved by the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking and Securities, and the Federal Reserve Bank of Cleveland, allowing for the integration of both companies and their subsidiary banks.

Validea's Small-Cap Growth Investor Model: The model, based on Motley Fool's strategy, has upgraded Penns Woods Bancorp Inc. (PWOD) from a 52% to a 72% rating due to improved fundamentals and valuation, indicating growing interest in the stock.

Company Overview: Penns Woods Bancorp operates as a bank holding company with subsidiaries providing various banking and financial services across several counties in Pennsylvania.

Investigation of Companies: Halper Sadeh LLC is investigating Intra-Cellular Therapies, Penns Woods Bancorp, and Enterprise Bancorp for potential violations of federal securities laws related to their recent sales and fiduciary duties to shareholders.

Legal Support for Shareholders: The firm offers free consultations to affected shareholders and may seek increased compensation or additional disclosures regarding the transactions, operating on a contingent fee basis.