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

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Acnb Corp
Ticker: ACNB CIK: 715579

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

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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