Acnb Corp (ACNB) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2008

Acnb Corp

CIK: 715579 Ticker: ACNB

Exhibit 99.1


Press Release









Contact: Lynda L. Glass









GETTYSBURG, PA, March 6—ACNB Corporation reported net income of $6,744,000 for the year ended December 31, 2008, compared to $7,937,000 for the year ended December 31, 2007, a decrease of $1,193,000 or 15%.  The decrease in earnings is primarily due to a substantial increase in the provision for loan losses as a result of specific allocations deemed necessary for certain commercial loans, sustained loan growth in recent quarters, and more pronounced uncertainty in prevailing economic conditions.  Net income on a per share basis amounted to $1.13 for 2008 and $1.32 for 2007.  A significant component of the Corporation’s net income is net interest income, which rose 16% to $29,024,000 for the year ended December 31, 2008, in comparison to $25,020,000 for the year ended December 31, 2007.


Commenting on these year-end earnings results, ACNB Corporation President & Chief Executive Officer Thomas A. Ritter said, “ACNB Corporation remains well capitalized by industry standards.  During 2008, we achieved healthy growth in several key areas—including loans, deposits and new business in the Trust & Investment Services area of the Bank.  The accomplishments related to the loan and deposit portfolios contributed to record net interest income in 2008 of over $29 million.”





The following information was filed by Acnb Corp (ACNB) on Friday, March 6, 2009 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.

View differences made from one year to another to evaluate Acnb Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Acnb Corp.


Assess how Acnb Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Acnb Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0001047469-09-002638
Submitted to the SEC: Fri Mar 13 2009 3:21:17 PM EST
Accepted by the SEC: Fri Mar 13 2009
Period: Wednesday, December 31, 2008
Industry: State Commercial Banks

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: