ACNB Reports Strong Q4 Earnings, Exceeding Revenue Expectations
ACNB Corp. (ACNB) announced its fourth-quarter financial results today, reporting a net income of $6.6 million. The Gettysburg, Pennsylvania-based bank posted earnings per share of 77 cents, while revenue reached $33.2 million. Notably, the bank's revenue net of interest expense exceeded Street forecasts at $26.9 million.
For the full year, ACNB reported a profit of $31.8 million, amounting to $3.73 per share. Revenue for the period totaled $108.3 million.
Although ACNB's stock has declined by 1% year-to-date, it closed at $39.37 on Thursday, marking a 15% drop in the past 12 months.