---
schema_version: "secwatch.filing_event.v1"
accession: "0000715579-24-000011"
form_type: "8-K"
ticker: "ACNB"
cik: "0000715579"
company_name: "ACNB CORP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:45:27.386508+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ACNB Q4 2023 net income falls 60% YoY to $4.1M; deposits drop 15.3% from prior year

## Summary
- Q4 net income $4.1M ($0.48 diluted EPS) vs $10.2M ($1.20) in Q4 2022; full year net income $31.7M ($3.71) vs $35.8M in 2022.
- Repositioned investment portfolio: sold $51.1M securities, recognizing $3.5M after-tax loss; expects $1.9M additional interest income over next 12 months.
- Total deposits declined 15.3% YoY to $1.86B; replaced $30M brokered deposits with long-term borrowings; borrowings increased $189.2M YoY.
- Total loans grew 5.8% YoY to $1.63B; non-performing loans stable at 0.26%; net charge-offs minimal (0.02% annualized for Q4).
- Board declared Q1 dividend $0.30/share, up 7.1% YoY; tangible book value per share rose to $26.44 from $22.41 a year earlier.

## SEC filing metadata
- accession: 0000715579-24-000011
- form_type: 8-K
- ticker: ACNB
- cik: 0000715579
- company_name: ACNB CORP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715579/000071557924000011/0000715579-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715579/000071557924000011/acnb-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000715579-24-000011
- JSON: https://secwatch.observer/filing/0000715579-24-000011.json
- Plain text: https://secwatch.observer/filing/0000715579-24-000011.txt

## Key facts
- Earnings Releases
  ACNB CORP reported twelve months ended December 31, 2023 results: net income $31.7 million, EPS $3.71 per diluted earnings per share.
  - Period: twelve months ended December 31, 2023
  - Net income: $31.7 million
  - EPS: $3.71 per diluted earnings per share
  - Result: reported results
  source text: The Corporation reported net income of $31.7 million, or $3.71 per diluted earnings per share, for the twelve months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/715579/000071557924000011/0000715579-24-000011-index.htm
- Earnings Releases
  ACNB CORP reported three months ended December 31, 2023 results: net income $4.1 million, EPS $0.48 per diluted earnings per share.
  - Period: three months ended December 31, 2023
  - Net income: $4.1 million
  - EPS: $0.48 per diluted earnings per share
  - Result: reported results
  source text: announced net income of $4.1 million, or $0.48 per diluted earnings per share, for the three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/715579/000071557924000011/0000715579-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.