ACNB CORP
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 14, 2025
ACNB$66.79+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| ACNB CORPORATION | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF INCOME | |||
| Years Ended December 31, | |||
| (Dollars in thousands, except per share data) | 2024 | 2023 | 2022 |
| INTEREST AND DIVIDEND INCOME | |||
| Loans, including fees: | |||
| Taxable | $90,547 | $79,433 | $68,898 |
| Tax-exempt | 1,232 | 1,405 | 1,348 |
| Investment Securities: | |||
| Taxable | 10,748 | 10,985 | 9,799 |
| Tax-exempt | 1,136 | 1,168 | 1,144 |
| Dividends | 970 | 331 | 104 |
| Other | 2,832 | 3,318 | 5,756 |
| Total Interest and Dividend Income | 107,465 | 96,640 | 87,049 |
| INTEREST EXPENSE | |||
| Deposits | 11,194 | 3,695 | 2,561 |
| Short-term borrowings | 859 | 898 | 77 |
| Long-term borrowings | 11,801 | 3,727 | 986 |
| Total Interest Expense | 23,854 | 8,320 | 3,624 |
| Net Interest Income | 83,611 | 88,320 | 83,425 |
| (Reversal of) provision for credit losses | (2,437) | 860 | — |
| Reversal of unfunded commitments | (326) | (16) | — |
| Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments | 86,374 | 87,476 | 83,425 |
| NONINTEREST INCOME | |||
| Insurance commissions | 9,754 | 9,319 | 8,307 |
| Wealth management | 4,226 | 3,644 | 3,160 |
| Service charges on deposits | 4,144 | 3,958 | 4,066 |
| ATM debit card charges | 3,303 | 3,348 | 3,322 |
| Earnings on investment in bank-owned life insurance | 1,979 | 1,878 | 1,532 |
| Gain from mortgage loans held for sale | 301 | 56 | 487 |
| Net gains (losses) on sales or calls of investment securities | 69 | (5,240) | (234) |
| Net (losses) gains on equity securities | (9) | 18 | (298) |
| Net gains on sales of low income housing partnership | — | — | 421 |
| Gain on assets held for sale | — | 337 | — |
| Other | 963 | 1,127 | 1,044 |
| Total Noninterest Income | 24,730 | 18,445 | 21,807 |
| NONINTEREST EXPENSES | |||
| Salaries and employee benefits | 42,929 | 40,931 | 35,979 |
| Equipment | 7,321 | 6,514 | 6,612 |
| Net occupancy | 4,162 | 3,908 | 4,076 |
| Professional services | 2,140 | 2,320 | 2,086 |
| Other tax | 1,446 | 1,269 | 1,632 |
| FDIC and regulatory | 1,425 | 1,388 | 1,128 |
| Intangible assets amortization | 1,244 | 1,424 | 1,492 |
| Merger-related | 2,045 | — | — |
| Other | 7,973 | 8,318 | 7,276 |
| Total Noninterest Expenses | 70,685 | 66,072 | 60,281 |
| Income Before Income Taxes | 40,419 | 39,849 | 44,951 |
| Provision for income taxes | 8,573 | 8,161 | 9,199 |
| Net Income | $31,846 | $31,688 | $35,752 |
| PER SHARE DATA | |||
| Basic earnings | $3.75 | $3.72 | $4.15 |
| Diluted earnings | $3.73 | $3.71 | $4.15 |
| Weighted average shares basic | 8,503,473 | 8,507,803 | 8,623,012 |
| Weighted average shares diluted | 8,536,965 | 8,536,125 | 8,623,012 |
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