Acnb Corp (ACNB) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Exhibit 99.1

FOR IMMEDIATE RELEASE

ACNB CORPORATION REPORTS

2019 SECOND QUARTER FINANCIAL RESULTS

Highlights

·                  Net income for the three months ended June 30, 2019, totaled $6,466,000, which is an increase of $959,000 or 17.4% over comparable period results for the three months ended June 30, 2018.

·                  Net income for the six months ended June 30, 2019, totaled $12,330,000, which is an increase of $1,910,000 or 18.3% over comparable period results for the six months ended June 30, 2018.

·                  As publicly announced on July 2, 2019, geographic expansion efforts are underway for ACNB Corporation through the acquisition of Frederick County Bancorp, Inc., headquartered in Frederick, Maryland, and its wholly-owned subsidiary, Frederick County Bank.

·                  Geographic expansion commenced in Lancaster County, Pennsylvania, with the opening of the Lancaster Loan Office in May 2019.

·                  Net interest income for the six months ended June 30, 2019, totaled $29,635,000.

·                  Total loans outstanding were $1,279,264,000 at June 30, 2019.

·                  Total deposits were $1,377,277,000 at June 30, 2019.

·                  Quarterly cash dividends paid to ACNB Corporation shareholders in the first half of 2019 totaled $3,383,000 or $0.48 per share. It was recently announced the cash dividend declared for the third quarter of 2019 is $0.25 per share for the second consecutive quarter.

GETTYSBURG, PA, July 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 June 30, 2019, with net income of $6,466,000. Compared to net income of $5,507,000 for the three months ended June 30, 2018, this is an increase of $959,000 or 17.4% over comparable period results. Basic earnings per share was $0.92 and $0.78 for the three months ended June 30, 2019 and 2018, respectively, which is an increase of $0.14 or 17.9%.