Acnb Corp (ACNB) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Exhibit 99.1

ACNB CORPORATION

ANNOUNCES 2016 EARNINGS

GETTYSBURG, PA, March 13, 2017 — ACNB Corporation reported net income of $10,869,000 for the year ended December 31, 2016, compared to $11,017,000 for the year ended December 31, 2015, a decrease of $148,000 or 1%.  Merger related expenses of $472,000 for the proposed purchase of New Windsor Bancorp, Inc. of Taneytown, Maryland, were incurred in 2016 resulting in the decrease in net income. Net income on a per share basis amounted to $1.80 for 2016 and was $1.83 for 2015.

Aggregate quarterly cash dividends paid to ACNB Corporation stockholders in 2016 totaled $4,840,000, or $0.80 per share.  In 2015, a total of $4,820,000, or $0.80 per share, was paid to stockholders in the form of quarterly cash dividends.

Total assets of ACNB Corporation at December 31, 2016, were $1.21 billion, up 5% from $1.15 billion at December 31, 2015.  Total deposits increased by 6% from the previous year-end to $968 million at December 31, 2016.  Total loans rose by 6% to $908 million, as compared to December 31, 2015.  A 5% increase in stockholders’ equity resulted in an aggregate of $120 million at December 31, 2016.

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 and now celebrating its 160th Anniversary, ACNB Bank

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