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

SECOND QUARTER EARNINGS

 

GETTYSBURG, PA, August 3, 2017 —

ACNB Corporation reported year-to-date net income of $5,359,000 for the six months ended June 30, 2017, compared to $5,529,000 for the same six-month period in 2016, a decrease of $170,000 or 3.1%. Despite the $1,260,000, or 7.0%, increase in net interest income when comparing the first six months of 2017 and 2016, merger-related expenses totaling $540,000 for the acquisition of New Windsor Bancorp, Inc. of Taneytown, Maryland, were incurred during the first half of 2017 resulting in the decrease in net income. Net income on a per share basis was $0.88 for the first two quarters of 2017 and $0.91 for the same period in 2016.

 

“The first six months of 2017 reflect strong core performance driven by loan and deposit growth,” stated James P. Helt, ACNB Corporation President & CEO. “We remain dedicated to creating new and strengthening existing customer relationships to further enhance the financial performance of ACNB Corporation. As part of that commitment, our staff members have worked diligently during the first half of 2017 to bring the acquisition of New Windsor Bancorp, Inc. to fruition effective July 1, 2017.”

 

The Corporation reported net income of $2,722,000 for the three months ended June 30, 2017, compared to $2,982,000 for the same quarter in 2016. Net income on a per share basis was $0.45 for the second quarter of 2017, compared to $0.49 for the same period in 2016.

 

MORE…

 


The following information was filed by Acnb Corp (ACNB) on Thursday, August 3, 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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