Acnb Corp (ACNB) 10-Q Quarterly Report November 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

Material Contracts, Statements, Certifications & more

Acnb Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

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