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

Exhibit 99.1

FOR IMMEDIATE RELEASE

ACNB CORPORATION REPORTS

2019 THIRD QUARTER FINANCIAL RESULTS

Highlights

·                  Net income for the three months ended September 30, 2019, totaled $6,310,000, which is an increase of $271,000 or 4.5% over comparable period results for the three months ended September 30, 2018.

·                  Net income for the nine months ended September 30, 2019, totaled $18,640,000, which is an increase of $2,181,000 or 13.3% over comparable period results for the nine months ended September 30, 2018.

·                  Net interest income for the nine months ended September 30, 2019, totaled $44,680,000, with a net interest margin of 3.87%.

·                  Total loans outstanding were $1,288,285,000 at September 30, 2019.

·                  Total deposits were $1,417,610,000 at September 30, 2019.

·                  Quarterly cash dividends paid to ACNB Corporation shareholders in the first nine months of 2019 totaled $5,151,000 or $0.73 per share. It was recently announced the cash dividend declared for the fourth quarter of 2019 is $0.25 per share for the third consecutive quarter.

·                  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. This transaction, valued at approximately $60 million, is currently anticipated to close in the first quarter of 2020.

GETTYSBURG, PA, October 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 September 30, 2019, with net income of $6,310,000. Compared to net income of $6,039,000 for the three months ended September 30, 2018, this is an increase of $271,000 or 4.5% over comparable period results. Basic earnings per share was $0.89 and $0.86 for the three months ended September 30, 2019 and 2018, respectively, which is an increase of $0.03 or 3.5%.