Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Penns Woods Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $191.56 Mil. Penns Woods Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,204.81 Mil.
Therefore, Penns Woods Bancorp's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.09.
The historical rank and industry rank for Penns Woods Bancorp's Equity-to-Asset or its related term are showing as below:
PWOD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 0.11
Current: 0.09
During the past 13 years, the highest Equity to Asset Ratio of Penns Woods Bancorp was 0.11. The lowest was 0.08. And the median was 0.09.
PWOD's Equity-to-Asset is ranked better than 50.44% of 1467
companies
in the Banks industry
Industry Median: 0.09
vs PWOD: 0.09
Penns Woods Bancorp Equity-to-Asset Historical Data
The historical data trend for Penns Woods Bancorp's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Penns Woods Bancorp's Equity-to-Asset
For the Banks - Regional subindustry, Penns Woods Bancorp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Penns Woods Bancorp's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Penns Woods Bancorp's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Penns Woods Bancorp's Equity-to-Asset falls into.
Penns Woods Bancorp Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Penns Woods Bancorp's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Penns Woods Bancorp Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Penns Woods Bancorp's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Penns Woods Bancorp (Penns Woods Bancorp) Business Description
Penns Woods Bancorp Inc is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. The Banks are engaged in commercial and retail banking which includes the acceptance of time, savings, and demand deposits, the funding of commercial, consumer, and mortgage loans, and safe deposit services. Utilizing a branch office network, ATMs, Internet, and telephone banking delivery channels, the Banks deliver their products and services to the communities residing in.
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