ACNB reports record 2022 net income of $35.8M, EPS $4.15, up 28% YoY

ACNB CORP

2023-FY EPS reported $4.15 revenue$108,856,000

Record net income $35.75M for 2022, up 28.45% YoY; basic EPS $4.15 vs $3.19.
Q4 net income $10.2M, up 126.9%; basic EPS $1.20 vs $0.52.
Net interest margin 3.33% for 2022 (+51 bps); Q4 NIM 3.99% (+141 bps).
Loans grew 4.78% to $1.54B; deposits decreased 9.37% to $2.20B.
Paid dividends $1.06/share in 2022; repurchased 206,929 shares for $6.68M.

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 0.95

ACNB CORP reported Year ended December 31, 2022 results: net income $35,752,000, EPS $4.15.

Period: Year ended December 31, 2022
Net income: $35,752,000
EPS: $4.15
Result: reported results

Exact text from the filing

ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced record financial results for the year ended December 31, 2022 with net income of $35,752,000, an increase of $7,918,000, or 28.45%, compared to net income of $27,834,000 for the year ended December 31, 2021. This year-over-year increase in net income was primarily driven by increases in net interest income of $12,181,000 and commissions from insurance sales of $2,156,000. For the years ended December 31, 2022 and 2021, basic earnings per share were $4.15 and $3.19, respectively, which is an increase of $0.96 per share or 30.09%.

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Source: SEC EDGAR

accession 0000715579-23-000004

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