ACNB Posts $15.7M Q3 Net Income, $1.55 EPS as Margin Holds at 4.56%
ACNB sits 49% above its 52-week low of $42.6.
Summary
ACNB reported Q3 net income of $15.7 million and EPS of $1.55, with net interest income of $34.8 million and a net interest margin of 4.56%. That tops the $15.2 million ($1.49 diluted EPS) posted in Q2, extending the loan-growth and margin-expansion trend management flagged in the August 10-Q. For a bank this size, the sequential earnings gain is modest but the direction is right, and the margin holding above 4.5% is the number that matters for a small-cap lender. The Q2 filing also noted share repurchases under the program authorized in April, which supports per-share results.
At the time of this announcement, ACNB was trading at $63.59 on NASDAQ in the Finance sector, with a market capitalization of approximately $647.2M. The 52-week trading range was $42.60 to $67.60. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.