Penns Woods Bancorp(US:PWOD)2025-06-27 13:17Company Profile - As of November 19, 2024, Penns Woods Bancorp, Inc (PWOD) has a market capitalization of $2303 million[7] - The company's total assets are $23 billion, with gross loans totaling $19 billion and total deposits of $17 billion[7] - The company operates 24 branch offices, with $1649 million in total deposits across its main market areas[7, 9] Financial Performance - As of Q3 2024, the Return on Average Tangible Common Equity (ROATCE) plus dividends for PWOD is 157%, outperforming its peers by 6%[25] - PWOD's deposit beta (2022-Now) is 140 bps, lower than the KRX (NASDAQ Regional Banking Index) at 157 bps, indicating a stickier deposit base[28] - For the nine months ended September 30, 2024, net income attributable to PWB is $13998 thousand[91] - The company's earnings per share (basic) for the year-to-date 2024 is $248[31] Balance Sheet and Loan Portfolio - As of Q3 2024, non-interest-bearing deposits constitute 27% of the total deposit composition[46] - Residential real estate loans make up 44% of the loan portfolio composition[46] - The yield on total loans is 546%, while the cost of total deposits is 227% as of Q3 2024[46] Value Proposition - Cumulative net charge-offs/avg loans from 2019-2024Q3 is 04% for PWOD compared to 13% for Pennsylvania banks and 28% for all banks[67] - Fee income accounts for 14% of total revenue, and the combined fee income and consumer income represent 66% of total revenue[69]