ACNB Q1 net income up 37% to $9.0M, EPS $1.06, NIM expands 152 bps

ACNB CORP

2023-Q1 EPS reported $1.06

Net income $9.0M vs $6.6M in Q1 2022; diluted EPS $1.06 vs $0.76, up 39.47%.
Net interest margin 4.19%, up 152 bps YoY; net interest income $23.1M, up 35.41%.
Total deposits $2.1B, down 14.72% YoY as customers seek higher yields.
Quarterly dividend raised to $0.28/share, up 7.7% from Q2 2022; payable June 15.
Non-performing loans 0.25% of total loans; annualized net charge-offs 0.02%.

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 March 31, 2023 results: net income $9.0 million, EPS $1.06.

Period: three months ended March 31, 2023
Net income: $9.0 million
EPS: $1.06
Result: reported results

Exact text from the filing

announced financial results for the three months ended March 31, 2023 with net income of $9.0 million, an increase of $2.4 million or 36.73%, compared to net income of $6.6 million for the three months ended March 31, 2022. For the three months ended March 31, 2023 and 2022, basic and diluted earnings per share were $1.06 and $0.76, respectively

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Source: SEC EDGAR

accession 0000715579-23-000039

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