Acnb Corp (ACNB) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Exhibit 99.1

FOR IMMEDIATE RELEASE

ACNB CORPORATION REPORTS

2019 FIRST QUARTER FINANCIAL RESULTS

Highlights

·                  Geographic expansion is planned for Pennsylvania with the opening of the Lancaster Loan Office in May 2019.

·                  Net income for the quarter ended March 31, 2019, totaled $5,864,000, with basic earnings per share of $0.83.

·                  Net interest income for the quarter ended March 31, 2019, totaled $14,665,000.

·                  Total loans outstanding were $1,301,335,000 at March 31, 2019.

·                  Total deposits were $1,367,058,000 at March 31, 2019.

·                  Quarterly cash dividends paid to ACNB Corporation shareholders in the first quarter of 2019 totaled $1,621,000 or $0.23 per share. It was recently announced the cash dividend declared for the second quarter of 2019 is increased to $0.25 per share.

GETTYSBURG, PA, April 30, 2019 — ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced financial results for the three months ended March 31, 2019, with net income of $5,864,000. Compared to net income of $4,913,000 for the quarter ended March 31, 2018, this is an increase of $951,000 or 19.4% over comparable period results. Basic earnings per share was $0.83 and $0.70 for the three months ended March 31, 2019 and 2018, respectively, which is an increase of $0.13 or 18.6%.

“ACNB Corporation’s strong earnings performance for the first quarter of 2019 was primarily the result of higher net interest income over the same period a year ago due to solid loan growth in late 2018,” said James P. Helt, ACNB Corporation President & CEO. “In working with commercial loan customers,