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Acnb Corp (ACNB) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Acnb Corp

CIK: 715579 Ticker: ACNB

Exhibit 99.1

 

GRAPHIC

Press Release

 

FOR IMMEDIATE RELEASE

 

 

Contact: Lynda L. Glass

EVP/Secretary &

Chief Governance Officer

717.339.5085

lglass@acnb.com

 

ACNB CORPORATION REPORTS

THIRD QUARTER AND YEAR-TO-DATE RESULTS

 

GETTYSBURG, PA, November 3, 2017 —

ACNB Corporation (NASDAQ: ACNB) today announced financial results for the third quarter and nine months ended September 30, 2017, including the nonrecurring expenses associated with the acquisition of New Windsor Bancorp, Inc. of Taneytown, Maryland, and its banking subsidiary, New Windsor State Bank. The Corporation reported net income of $1,912,000 or $0.27 earnings per share for the three months ended September 30, 2017, compared to net income of $2,768,000 or $0.46 earnings per share for the three months ended September 30, 2016. Net income for the nine months ended September 30, 2017 was $7,271,000 or $1.14 earnings per share, compared to net income of $8,297,000 or $1.37 earnings per share for the comparable period in the prior year.

 

Excluding the nonrecurring acquisition and integration expenses incurred in conjunction with the acquisition of New Windsor Bancorp, Inc. and New Windsor State Bank as well as the corresponding tax impact at the marginal tax rate, net income (non-GAAP) for the three and nine months ended September 30, 2017 would have been $4,655,000 or $0.66 earnings per share and $10,250,000 or $1.61 earnings per share, respectively, which represent a 68% and 24% increase, respectively, over the comparable results for the three and nine months ended September 30, 2016.

 

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The following information was filed by Acnb Corp (ACNB) on Friday, November 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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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)
Acquisition Of New Windsor Bancorp, Inc.
Acquisition Of New Windsor Bancorp, Inc. (tables)
Acquisition Of New Windsor Bancorp, Inc. - Acquired Purchased Credit Impaired Loans Receivable (details)
Acquisition Of New Windsor Bancorp, Inc. - Fair Value Adjustments (details)
Acquisition Of New Windsor Bancorp, Inc. - Narrative (details)
Acquisition Of New Windsor Bancorp, Inc. - Pro Forma Information (details)
Acquisition Of New Windsor Bancorp, Inc. - Purchase Price Consideration In Common Stock (details)
Basis Of Presentation And Nature Of Operations
Basis Of Presentation And Nature Of Operations (details)
Borrowings
Borrowings (details)
Borrowings (tables)
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)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
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 Change In Accretable Yields Of Acquired Loans (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: 0001104659-17-065857
Submitted to the SEC: Fri Nov 03 2017 9:12:52 AM EST
Accepted by the SEC: Fri Nov 03 2017
Period: Saturday, September 30, 2017
Industry: State Commercial Banks

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