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Exhibit 99.1
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Press Release |
FOR IMMEDIATE RELEASE
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Contact: |
Lynda L. Glass |
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EVP, Secretary & |
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Chief Governance Officer |
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717.339.5085 |
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lglass@acnb.com |
ACNB CORPORATION
ANNOUNCES 2014 EARNINGS
GETTYSBURG, PA, March 5 ACNB Corporation reported net income of $10,290,000 for the year ended December 31, 2014, compared to $9,315,000 for the year ended December 31, 2013, an increase of $975,000 or 10%. Net income on a per share basis amounted to $1.71 for 2014, up from $1.56 for 2013.
Aggregate quarterly cash dividends paid to ACNB Corporation stockholders in 2014 totaled $4,622,000, or $0.77 per share. In 2013, $0.76 per share in cash dividends were paid to stockholders.
Total assets of ACNB Corporation at December 31, 2014, were $1.090 billion, up 4% from $1.046 billion at December 31, 2013. Total deposits increased by 6% from the previous year-end to $845 million. Total loans rose by 10% to $799 million, as compared to December 31, 2013. A 3% increase in stockholders equity resulted in an aggregate of $110 million at December 31, 2014.
ACNB Corporation, headquartered in Gettysburg, PA, is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace via a network of 20 retail banking offices located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York. In addition, the Bank operates a loan office in York, PA. Russell
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Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0001047469-15-001759
Submitted to the SEC: Fri Mar 06 2015 1:16:10 PM EST
Accepted by the SEC: Fri Mar 06 2015
Period: Wednesday, December 31, 2014
Industry: State Commercial Banks