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Exhibit 99.1
Press Release
FOR IMMEDIATE RELEASE
Contact: |
Lynda L. Glass |
|
EVP/Secretary & |
|
Chief Governance Officer |
|
717.339.5085 |
|
lglass@acnb.com |
ACNB CORPORATION
ANNOUNCES 2015 EARNINGS
GETTYSBURG, PA, March 3, 2016 ACNB Corporation reported net income of $11,017,000 for the year ended December 31, 2015, compared to $10,290,000 for the year ended December 31, 2014, an increase of $727,000 or 7%. Net income on a per share basis amounted to $1.83 for 2015, up from $1.71 for 2014.
Aggregate quarterly cash dividends paid to ACNB Corporation stockholders in 2015 totaled $4,820,000, or $0.80 per share. In 2014, a total of $4,622,000, or $0.77 per share, was paid to stockholders in the form of quarterly cash dividends.
Total assets of ACNB Corporation at December 31, 2015, were $1.15 billion, up 5% from $1.09 billion at December 31, 2014. Total deposits increased by 8% from the previous year-end to $913 million at December 31, 2015. Total loans rose by 7% to $853 million, as compared to December 31, 2014. A 4% increase in stockholders equity resulted in an aggregate of $115 million at December 31, 2015.
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
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Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0001047469-16-010754
Submitted to the SEC: Fri Mar 04 2016 11:15:50 AM EST
Accepted by the SEC: Fri Mar 04 2016
Period: Thursday, December 31, 2015
Industry: State Commercial Banks