Penns Woods Bancorp Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest and dividend income of $11,675,000 against $11,460,000 a year ago. Net interest income was $10,338,000 against $10,208,000 a year ago. Income before income tax provision was $4,852,000 against $3,535,000 a year ago. Net income was $3,746,000 or $0.79 per basic and diluted share against $2,883,000 or $0.60 per basic and diluted share a year ago. Return on average assets was 1.15% compared to 0.93% for the corresponding period of 2014. Return on average equity was 10.73% compared to 8.33% for the corresponding period of 2014.

For the full year, the company reported total interest and dividend income of $46,124,000 against $45,606,000 a year ago. Net interest income was $40,905,000 against $40,644,000 a year ago. Income before income tax provision was $17,634,000 against $18,412,000 a year ago. Net income was $13,898,000 or $2.91 per basic and diluted share against $14,608,000 or $3.03 per basic and diluted share a year ago. Book value per share was $24.84 at December 31, 2015 compared to $24.44 at December 31, 2014. Return on average assets was 1.08% compared to 1.19% for the corresponding period of 2014. Return on average equity was 10.11% compared to 10.79% for the corresponding period of 2014.