ACNB Q3 net income up 40% to $10.3M; EPS $1.20; dividend raised to $0.28; new buyback authorized

ACNB CORP

2023-Q3 EPS reported $2.95

Net income for Q3 2022 was $10.3M ($1.20 EPS), up 40.3% from $7.4M ($0.84 EPS) in Q3 2021.
Net interest margin expanded 84 bps to 3.59% in Q3; total loans grew 4% YTD (5.2% ex-PPP).
Quarterly dividend increased 7.7% to $0.28/share, payable Dec 15 to holders of record Dec 1.
Board authorized new stock repurchase program of up to 3% of outstanding shares; 109,931 shares bought in Q3.
Non-performing loans improved to 0.48% of total loans; provision for loan losses was $0 despite loan growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACNB CORP reported three months ended September 30, 2022 results: net income $10,324,000, EPS $1.20.

Period: three months ended September 30, 2022
Net income: $10,324,000
EPS: $1.20
Result: reported results

Exact text from the filing

ACNB Corporation released financial results for the three and nine months ended September 30, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACNB CORP reported nine months ended September 30, 2022 results: net income $25,553,000, EPS $2.95.

Period: nine months ended September 30, 2022
Net income: $25,553,000
EPS: $2.95
Result: reported results

Exact text from the filing

ACNB Corporation released financial results for the three and nine months ended September 30, 2022

View on SEC.gov

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Source: SEC EDGAR

accession 0000715579-22-000095

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