ACNB - Mergers and acquisitions

Year-End 2022 Highlights Record net income for the year ended December 31, 2022 totaled $35,752,000, an increase of $7,918,000, or 28.45%, from comparable period results in 2021. Basic earnings per share were $4.15 and $3.19 for the years ended December 31, 2022 and 2021, respectively. The increase in net income for 2022 was primarily driven by increases in net interest income of $12,181,000 and commissions from insurance sales of $2,156,000, partially offset by a $2,906,000 decrease in income from mortgage loans held for sale and a $1,330,000 increase in total other expenses. Net income for the three months ended December 31, 2022 totaled $10,199,000, an increase of $5,704,0

GETTYSBURG, Pa., Dec. 19, 2022 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ:ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc. headquartered in Gettysburg, PA, announced plans for its banking subsidiary---ACNB Bank---to rebrand its Maryland banking divisions. NWSB Bank and FCB Bank will formally adopt the ACNB Bank name and brand identity in the counties of Carroll and Frederick in central Maryland, respectively, effective January 1, 2023. At that time, ACNB Bank, the legal entity and chartered financial institution, will begin retiring the use of the division names in the Maryland communities served.          "We have been operating NWSB Bank and FCB Bank as

2022 Third Quarter and Year-To-Date Highlights Net income for the three months ended September 30, 2022 totaled $10,324,000, an increase of $2,964,000, or 40.27%, from comparable period results in 2021. Basic earnings per share was $1.20 and $0.84 for the three months ended September 30, 2022 and 2021, respectively. The increase in net income for the third quarter of 2022 was primarily driven by increases in net interest income of $4,520,000 and commissions from insurance sales of $714,000.Net income for the nine months ended September 30, 2022 totaled $25,553,000, an increase of $2,214,000, or 9.49%, from comparable period results in 2021. Basic earnings per share was $2.95 and $2.67 for t

2022 Second Quarter and Year-To-Date Highlights Net income for the three months and quarter ended June 30, 2022, totaled $8,630,000, which was an increase of $122,000 or 1.43% from comparable period results for the three months ended June 30, 2021. Basic earnings per share was $0.99 and $0.98 for the three months ended June 30, 2022 and 2021, respectively. The increase in net income for the second quarter of 2022 was driven by increases in net interest income of $1,235,000 and commissions from insurance sales of $955,000. Net income for the six months ended June 30, 2022, totaled $15,229,000, with basic earnings per share of $1.75. This reflects a decrease of $750,000 or 4.69% from compar

2022 First Quarter Highlights Net income for the three months and quarter ended March 31, 2022, totaled $6,599,000, which was a decrease of $872,000 or 11.7% from comparable period results for the three months ended March 31, 2021. Basic earnings per share was $0.76 and $0.86 for the three months ended March 31, 2022 and 2021, respectively. The decrease in net income for the first quarter of 2022 was driven by a reduction in income from residential mortgage loans sold of approximately $1,000,000 due to rising interest rates and lower Paycheck Protection Program (PPP) and purchase accounting accretion of approximately $775,000. Late in the quarter ended March 31, 2022, excess cash of approxi

GETTYSBURG, Pa., Feb. 01, 2022 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ:ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that its wholly-owned subsidiary, ACNB Insurance Services, Inc., has entered into an agreement to acquire the business and assets of Hockley & O'Donnell Insurance Agency LLC, Gettysburg, PA. "We are very pleased to have entered into this agreement and look forward to promptly closing this transaction. Hockley & O'Donnell is a leading insurance agency in our home market of Gettysburg," said James P. Helt, ACNB Corporation and ACNB Bank President & Chief Executive Officer. "This long-established agency brings an outstan