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Acnb Corp (ACNB) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Acnb Corp

CIK: 715579 Ticker: ACNB

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

2018 FIRST QUARTER FINANCIAL RESULTS

 

GETTYSBURG, PA, April 26, 2018 -—

ACNB Corporation (NASDAQ: ACNB) today announced financial results for the three months ended March 31, 2018, with net income of $4,913,000. Compared to net income of $2,637,000 for the quarter ended March 31, 2017, this is an increase of $2,276,000 or 86% over comparable period results. Basic earnings per share was $0.70 and $0.43 for the three months ended March 31, 2018 and 2017, respectively, which is an increase of 63%.

 

“ACNB Corporation’s bottom line results for the first quarter of 2018 were strong and exhibit the success of the organization’s strategic initiatives-—including the contribution to earnings from the 2017 acquisition of New Windsor Bancorp, Inc. and the expansion of banking operations into the northern Maryland market,” said James P. Helt, ACNB Corporation President & CEO. “Our commitment to the markets we serve is a reflection of the dedication and hard work of many in our organization.”

 

“Solid banking and insurance operations, as well as tax reform, have produced both current and future benefits for ACNB Corporation.  Accordingly, as previously announced, the Board of Directors declared a 15% increase in the quarterly dividend amount from $0.20 to $0.23 per share for payment on June 15, 2018,” Mr. Helt continued. “This is a significant commitment to ACNB Corporation shareholders and continues our long history of rewarding shareholders for their investment in our future.”

 

Revenues

 

Total revenues for the first quarter of 2018 were $18,967,000, or a 39% increase over total revenues

 


The following information was filed by Acnb Corp (ACNB) on Thursday, April 26, 2018 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. - 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 Required Fair Value Disclosures For Equity 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: 0001104659-18-027432
Submitted to the SEC: Fri Apr 27 2018 10:10:04 AM EST
Accepted by the SEC: Fri Apr 27 2018
Period: Saturday, March 31, 2018
Industry: State Commercial Banks

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