Acnb Corp (ACNB) 10K Annual Reports & 10Q SEC Filings

•Record net income for the year ended December 31, 2022 totaled $35,752,000, an increase of $7,918,000, or 28.45%, from comparable period results in 2021. Basic earnings per share were $4.15 and $3.19 for the years ended December 31, 2022 and 2021, respectively. The increase in net income for 2022 was primarily driven by increases in net interest income of $12,181,000 and commissions from insurance sales of $2,156,000, partially offset by a $2,906,000 decrease in income from mortgage loans held for sale and a $1,330,000 increase in total other expenses.

•Net income for the three months ended December 31, 2022 totaled $10,199,000, an increase of $5,704,000, or 126.90%, from comparable period results in 2021. Basic earnings per share were $1.20 and $0.52 for the three months ended December 31, 2022 and 2021, respectively. The increase in net income for the three months ended December 31, 2022 was primarily driven by increases in net interest income of $6,698,000 and commissions from insurance sales of $670,000.

•The net interest margin for the year ended December 31, 2022 was 3.33%, an increase of 51 basis points from 2.82% for the year ended December 31, 2021. Paycheck Protection Program (PPP) fees and purchase accounting accretion for the year ended December 31, 2022 totaled $3,768,000, compared to $8,781,000 for the year ended December 31, 2021. The net interest margin for the three months ended December 31, 2022 was 3.99%, an increase of 141 basis points from 2.58% for the comparable period in 2021. PPP fees and purchase accounting accretion for the three months ended December 31, 2022 totaled $845,000, compared to $1,987,000 for the same period in 2021.

•Total loans outstanding were $1,538,610,000 at December 31, 2022 compared to $1,468,427,000 at December 31, 2021, an increase of 4.78%. Year-over-year, the increase was driven by growth in

The following information was filed by Acnb Corp (ACNB) on Thursday, January 26, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Acnb Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.31: Material Contract

Exhibit 10.33: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0000715579-23-000015
Submitted to the SEC: Fri Mar 03 2023 4:16:09 PM EST
Accepted by the SEC: Fri Mar 03 2023
Period: Saturday, December 31, 2022
Industry: State Commercial Banks