ACNB Corp. reports Q4 EPS 48c vs $1.20 last year

Return on average assets was 1.32% and return on average equity was 12.23% for the twelve months ended December 31, 2023. Fully taxable equivalent net interest margin was 4.07% for the twelve months ended December 31, 2023 compared to 3.36% for the twelve months ended December 31, 2022. Tangible common equity to tangible assets ratio1 of 9.48% at December 31, 2023 compared to 8.65% at September 30, 2023 and 7.71% at December 31, 2022. “The financial services industry was challenged in 2023 with considerable market uncertainty and turmoil. However, ACNB Corporation continued to focus on fundamental community banking principals and we are pleased to share our positive operating results. As a result of our steadfast commitment to our shareholders, customers, and employees, our financial performance during the year has positioned ACNB Corporation to meet the future demands facing our industry and our customers,” said James Helt, ACNB Corporation President & Chief Executive Officer.