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Acnb Corp (ACNB) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Acnb Corp

CIK: 715579 Ticker: ACNB

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

REPORTS 2017 FINANCIAL RESULTS

 

GETTYSBURG, PA, March 9, 2018 —

ACNB Corporation (NASDAQ: ACNB) today announced financial results for the year ended December 31, 2017, including the nonrecurring expenses associated with the acquisition of New Windsor Bancorp, Inc. (New Windsor) of Taneytown, Maryland, and its banking subsidiary, New Windsor State Bank, as well as a one-time tax expense incurred as a result of the Tax Cuts and Jobs Act (the “Tax Act”).

 

The Corporation reported net income of $9,788,000, or $1.50 earnings per share, at December 31, 2017. These amounts compare to net income of $10,869,000, or $1.80 earnings per share, at December 31, 2016.

 

Excluding the nonrecurring expenses incurred as a result of the acquisition and integration of New Windsor, net of the corresponding tax impact at the marginal tax rate, and the one-time charge due to the Tax Act, net income (non-GAAP) at December 31, 2017 would have been $14,498,000, or $2.22 earnings per share (non-GAAP), which represents a 30% increase over the comparable results from December 31, 2016.

 

“On July 1, 2017, ACNB Corporation welcomed the shareholders, customers and employees of New Windsor Bancorp, Inc. and New Windsor State Bank,” said James P. Helt, ACNB Corporation

 

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The following information was filed by Acnb Corp (ACNB) on Friday, March 9, 2018 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

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Condition
Consolidated Statements Of Condition (parenthetical)
Consolidated Statements Of Income
Acnb Corporation (parent Company Only) Financial Information
Acnb Corporation (parent Company Only) Financial Information (statements Of Cash Flows) (details)
Acnb Corporation (parent Company Only) Financial Information (statements Of Condition) (details)
Acnb Corporation (parent Company Only) Financial Information (statements Of Income) (details)
Acnb Corporation (parent Company Only) Financial Information (tables)
Borrowings
Borrowings (offsetting Liabilities) (details)
Borrowings (schedule Of Maturities Of Long-term Debt) (details)
Borrowings (schedule Of Short-term Debt) (details)
Borrowings (tables)
Contingencies
Deposits
Deposits (schedule Of Deposits) (details)
Deposits (schedule Of Maturities Of Time Certificates Of Deposits) (details)
Deposits (tables)
Fair Value Measurements
Fair Value Measurements (fair Value Inputs, Assets, Quantitative Information) (details)
Fair Value Measurements (fair Value Measurements, Recurring And Nonrecurring) (details)
Fair Value Measurements (fair Value, By Balance Sheet Grouping) (details)
Fair Value Measurements (tables)
Financial Instruments With Off-balance Sheet Risk
Financial Instruments With Off-balance Sheet Risk (details)
Financial Instruments With Off-balance Sheet Risk (tables)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (carrying Value And Accumulated Amortization Of The Intangible Assets) (details)
Goodwill And Other Intangibles (expected Amortization Expense) (details)
Goodwill And Other Intangibles (tables)
Income Taxes
Income Taxes (components Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (narrative) (details)
Income Taxes (schedule Of Components Of Income Tax Expense (benefit)) (details)
Income Taxes (schedule Of Reconciliations Of The Statutory Federal Income Tax) (details)
Income Taxes (tables)
Investments In Low-income Housing Partnerships
Investments In Low-income Housing Partnerships (narrative) (details)
Lease Commitments
Lease Commitments (narrative) (details)
Lease Commitments (table) (details)
Lease Commitments (tables)
Loans And Allowance For Loan Losses
Loans And Allowance For Loan Losses (allowance For Loan Losses And Recorded Investment In Financing Receivables) (details)
Loans And Allowance For Loan Losses (average Of Impaired Loans And Related Interest Income By Loan Portfolio Class) (details)
Loans And Allowance For Loan Losses (classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating) (details)
Loans And Allowance For Loan Losses (impaired Loans By Loan Portfolio Class) (details)
Loans And Allowance For Loan Losses (loan Portfolio Summarized By The Past Due Status) (details)
Loans And Allowance For Loan Losses (narrative) (details)
Loans And Allowance For Loan Losses (nonaccrual Loans By Classes Of The Loan Portfolio) (details)
Loans And Allowance For Loan Losses (schedule Of Change In Accretable Yields Of Acquired Loans) (details)
Loans And Allowance For Loan Losses (summary Of Modified Loans Resulting In Troubled Debt Restructurings) (details)
Loans And Allowance For Loan Losses (tables)
Loans And Allowance For Loan Losses (troubled Debt Restructurings Modified On Financing Receivables) (details)
Loans And Allowance For Loan Losses (troubled Debt Restructurings) (details)
New Windsor Acquisition
New Windsor Acquisition (acquired Purchased Credit Impaired Loans Receivable) (details)
New Windsor Acquisition (fair Value Adjustments) (details)
New Windsor Acquisition (narrative) (details)
New Windsor Acquisition (pro Forma Information) (details)
New Windsor Acquisition (purchase Price Consideration In Common Stock) (details)
New Windsor Acquisition (tables)
Premises And Equipment
Premises And Equipment (narrative) (details)
Premises And Equipment (table) (details)
Premises And Equipment (tables)
Quarterly Results Of Operations
Quarterly Results Of Operations (details)
Quarterly Results Of Operations (tables)
Regulatory Restrictions On Dividends
Regulatory Restrictions On Dividends (narrative) (details)
Restrictions On Cash And Due From Banks
Restrictions On Cash And Due From Banks (narrative) (details)
Retirement Plans
Retirement Plans (assumptions Used To Determine The Benefit Obligation And Net Periodic Benefit) (details)
Retirement Plans (components Of Net Periodic Benefit Costs (income)) (details)
Retirement Plans (estimated Costs To Be Amortized From Aoci Into Net Periodic Pension Cost) (details)
Retirement Plans (fair Value Measurements) (details)
Retirement Plans (future Benefit Payments) (details)
Retirement Plans (narrative) (details)
Retirement Plans (pension Plan Weighted-average Assets' Allocations) (details)
Retirement Plans (schedule Of Benefit Plan Funded Status) (details)
Retirement Plans (tables)
Securities
Securities (investments Classified By Contractual Maturity Date) (details)
Securities (narrative) (details)
Securities (schedule Of Unrealized Loss On Investments) (details)
Securities (tables)
Securities (unrealized Gain (loss) On Investments) (details)
Segment And Related Information
Segment And Related Information (segment Information) (details)
Segment And Related Information (tables)
Stockholders' Equity And Regulatory Matters
Stockholders' Equity And Regulatory Matters (narrative) (details)
Stockholders' Equity And Regulatory Matters (tables)
Stockholders' Equity And Regulatory Matters (the Actual And Required Capital Amounts And Ratios) (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (schedule Of Components Of The Accumulated Other Comprehensive Income, Net Of Taxes) (details)
Summary Of Significant Accounting Policies (tables)
Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0001047469-18-001446
Submitted to the SEC: Fri Mar 09 2018 2:20:07 PM EST
Accepted by the SEC: Fri Mar 09 2018
Period: Sunday, December 31, 2017
Industry: State Commercial Banks

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