January 11, 2018 / 3:50 PM / 7 months ago

BRIEF-Penns Woods' Q4 Net Deferred Tax Assets To Be Reduced By About $3.7 Million

Jan 11 (Reuters) - Penns Woods Bancorp Inc:

* AS PER PRELIMINARILY ESTIMATE, CO’S NET DEFERRED TAX ASSETS WOULD BE REDUCED BY ABOUT $3.7 MILLION IN Q4 DUE TO TAX CUTS AND JOBS ACT

* REDUCTION IN NET DEFERRED TAX ASSETS REPRESENTS NEGATIVE IMPACT ON EARNINGS OF ABOUT $0.79 PER DILUTED SHARE IN Q4

* DOES NOT EXPECT FUTURE CASH EXPENDITURES AS A RESULT OF REDUCTION TO NET DEFERRED TAX ASSETS Source text: [bit.ly/2qWliFw] Further company coverage:

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