Penns Woods Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's total interest and dividend income was $13,138,000 compared to $11,758,000 a year ago. Net interest income was $11,468,000 compared to $10,337,000 a year ago. Income before income tax provision was $4,684,000 compared to $4,238,000 a year ago. Net income available to common shareholders' was $716,000 compared to $2,948,000 a year ago. Earnings per share - basic and diluted were $0.15 compared to $0.62 a year ago. Non-GAAP operating earnings were $3,379,000 compared to $2,657,000 a year ago. Non-GAAP dilutive operating EPS was $0.71 compared to $0.56 a year ago. Return on average assets (ROA) was 0.20% compared to 0.87% a year ago. Non-GAAP operating ROA was 0.93% compared to 0.79% a year ago. Return on average equity (ROE) was 2.0% compared to 8.43% a year ago. Non-GAAP operating ROE was 9.45% compared to 7.60% a year ago. Book value was $29.47 compared to $29.20 a year ago.

For the year, the company's total interest and dividend income was $49,977,000 compared to $46,813,000 a year ago. Net interest income was $44,080,000 compared to $41,246,000 a year ago. Income before income tax provision was $17,232,000 compared to $17,072,000 a year ago. Net income available to common shareholders' was $9,773,000 compared to $12,475,000 a year ago. Earnings per share - basic and diluted were $2.08 compared to $2.64 a year ago. Non-GAAP operating earnings were $12,116,000 compared to $11,373,000 a year ago. Non-GAAP dilutive operating EPS was $2.57 compared to $2.40 a year ago. Return on average assets (ROA) was 0.69% compared to 0.93% a year ago. Non-GAAP operating ROA was 0.86% compared to 0.85% a year ago. Return on average equity (ROE) was 6.91% compared to 8.96% a year ago. Non-GAAP operating ROE was 8.57% compared to 8.17% a year ago.

The company also announced net charge-offs of $200,000 for the fourth quarter of 2017.