Earnings of Penns Woods Bancorp, Inc. (NASDAQ: PWOD) increased by 33% quarter over quarter to $0.43 per share in the first quarter of the year. Earnings will likely decline in the remaining three quarters of the year because provision expense is likely to increase. Moreover, continued loan decline and compression in the net interest margin will likely pressurize earnings. Furthermore, overdraft fees and debit card income are likely to remain subdued this year. Consequently, I’m expecting earnings to decline by 35% year over year to $1.44 per share. There is a chance of an