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 RECORD

SECOND QUARTER 2018 EARNINGS

 

GETTYSBURG, PA, July 23, 2018 —

ACNB Corporation (NASDAQ: ACNB) today announced record financial results for the six months ended June 30, 2018, with net income of $10,420,000. Compared to net income of $5,359,000 for the six months ended June 30, 2017, this is an increase of $5,061,000 or 94% over comparable period results. Basic earnings per share was $1.48 and $0.88 for the six months ended June 30, 2018 and 2017, respectively, which is an increase of 68%.

 

“ACNB Corporation’s financial results for the first half of 2018 were strong, again validating the success of the organization’s initiatives and focus on prudent growth through both organic and inorganic strategies. This month marks the one-year anniversary of the acquisition of New Windsor Bancorp, Inc. and the expansion of community banking operations in the northern Maryland market,” said James P. Helt, ACNB Corporation President & CEO. “Building on our base in Maryland, ACNB Corporation and ACNB Bank continue to experience positive momentum in 2018 with geographic expansion through the hiring of experienced commercial lenders serving the Maryland counties of Baltimore and Frederick.”

 

“Additionally, on June 20, Central Penn Business Journal named ACNB Corporation to its 22nd annual list of the Top 50 Fastest Growing Companies in Central Pennsylvania. This is the first time ACNB Corporation has achieved this recognition, which is a testament to the contributions of many at our subsidiaries of ACNB Bank and Russell Insurance Group, Inc.,” he continued.

 


The following information was filed by Acnb Corp (ACNB) on Monday, July 23, 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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