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Acnb Corp (ACNB) SEC Filing 10-Q Quarterly report for the period ending Friday, March 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

FIRST QUARTER EARNINGS

 

GETTYSBURG, PA, April 27, 2017 -— ACNB Corporation reported net income of $2,637,000 for the first quarter of 2017, compared to $2,547,000 over the same period for 2016, an increase of $90,000 or 4%. Net income on a per share basis was $0.43 for the first three months of 2017 and $0.42 for the same period in 2016.

 

Quarterly cash dividends paid to ACNB Corporation stockholders for the first quarter of 2017 totaled $1,213,000, or $0.20 per share.  In the first quarter of 2016, a cash dividend of $0.20 per share was also paid, for a total of $1,208,000 in cash dividends paid to stockholders.

 

Total assets of ACNB Corporation at March 31, 2017, were $1.24 billion, an increase of 8% from March 31, 2016.  Total deposits increased by 9% from the previous year to $990 million.  Total loans rose 10% to $952 million, as compared to $867 million at March 31, 2016.  A 4% increase in stockholders’ equity resulted in an aggregate of $122 million at March 31, 2017, compared to $117 million at March 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 serves its marketplace via a network of 22 retail banking offices located in the four southcentral

 

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The following information was filed by Acnb Corp (ACNB) on Thursday, April 27, 2017 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-Q Quarterly 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-Q Quarterly Report

Document And Entity Information
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Changes In Stockholders' Equity (unaudited)
Consolidated Statements Of Changes In Stockholders' Equity (unaudited) (parenthetical)
Consolidated Statements Of Comprehensive Income (unaudited)
Consolidated Statements Of Comprehensive Income (unaudited) (parenthetical)
Consolidated Statements Of Condition (unaudited)
Consolidated Statements Of Condition (unaudited) (parenthetical)
Consolidated Statements Of Income (unaudited)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Basis Of Presentation And Nature Of Operations
Basis Of Presentation And Nature Of Operations (details)
Earnings Per Share And Restricted Stock Plan
Earnings Per Share And Restricted Stock Plan (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Narrative (details)
Fair Value Measurements - Schedule Of Additional Quantitative Information(details)
Fair Value Measurements - Schedule Of Carrying Amount, Fair Value And Placement In Fair Value Hierarchy (details)
Fair Value Measurements - Schedule Of Fair Value Measurements (details)
Guarantees
Guarantees (details)
Loans
Loans (tables)
Loans - Narrative (details)
Loans - Schedule Of Allowance For Loan Losses And Recorded Investment In Financing Receivables (details)
Loans - Schedule Of Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating (details)
Loans - Schedule Of Loan Portfolio Summarized By The Past Due Status (details)
Loans - Schedule Of Nonaccrual Loans By Classes Of The Loan Portfolio (details)
Loans - Schedule Of Troubled Debt Restructurings (details)
Loans - Summary Of Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class (details)
Loans - Summary Of Impaired Loans By Loan Portfolio Class (details)
New Accounting Pronouncements
New Accounting Pronouncements (policies)
Retirement Benefits
Retirement Benefits (details)
Retirement Benefits (tables)
Securities
Securities (tables)
Securities - Narrative (details)
Securities - Schedule Of Amortized Cost And Fair Value By Contractual Maturity (details)
Securities - Schedule Of Amortized Cost And Fair Value Of Securities (details)
Securities - Schedule Of Unrealized Losses And Fair Value (details)
Securities Sold Under Agreements To Repurchase (repurchase Agreements)
Securities Sold Under Agreements To Repurchase (repurchase Agreements) (details)
Securities Sold Under Agreements To Repurchase (repurchase Agreements) (tables)
Segment Reporting
Segment Reporting (details)
Segment Reporting (tables)
Ticker: ACNB
CIK: 715579
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-17-027352
Submitted to the SEC: Fri Apr 28 2017 8:21:35 AM EST
Accepted by the SEC: Fri Apr 28 2017
Period: Friday, March 31, 2017
Industry: State Commercial Banks

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