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Exhibit 99.1
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Press Release |
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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 |
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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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Acnb Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Acnb Corp provided additional information to their SEC Filing as exhibits
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