Company profile

Ticker
ACNB
Exchange
CEO
James P. Helt
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
232233457

ACNB stock data

(
)

Calendar

2 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 6.47M 5.86M 5.29M 6.04M
Net change in cash 15.25M 20.45M -22.79M 643K
Cash on hand 76.61M 61.35M 40.91M 63.7M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 21.75M 9.79M 10.87M 11.02M
Net change in cash 6.46M 15.51M 174K -916K
Cash on hand 40.91M 34.44M 18.93M 18.76M

Financial data from ACNB earnings reports

Financial report summary

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Management Discussion
  • Net income for the three months ended June 30, 2019, was $6,466,000, compared to $5,507,000 for the same quarter in 2018, an increase of $959,000 or 17.4%. Basic earnings per share for the three month period was $0.92 in 2019 and $0.78 in 2018. The higher net income for the second quarter of 2019 was primarily a result of higher net interest income from increased volume and rate of earning assets. Net interest income for the quarter ended June 30, 2019 increased $879,000, or 6.2%, as increases in total interest income were greater than increases in total interest expense. Provision for loan losses was $125,000 for the quarter ended June 30, 2019, compared to $320,000 for the same quarter in 2018, based on the adequacy analysis of the allowance for loan losses calculation at the end of each period, resulting in an allowance to total loans of 1.10% at June 30, 2019. Other income increased $503,000, or 11.7%, due in part to increases in deposit fee income and insurance agency revenue. Other expenses increased $434,000, or 3.9%, due in part to increases in salaries and benefits and a deposit rewards program that increased revenue.
Content analysis ?
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H.S. freshman Bad
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Removed: mature, retreat, sensitivity, thereof