GETTYSBURG, Pa. (AP) — GETTYSBURG, Pa. (AP) — ACNB Corp. (ACNB) on Thursday reported fourth-quarter earnings of $10.8 million.
The bank, based in Gettysburg, Pennsylvania, said it had earnings of $1.04 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.35 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The bank posted revenue of $47.2 million in the period. Its revenue net of interest expense was $37.2 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $40.1 million.
For the year, the company reported profit of $37.1 million, or $3.60 per share. Revenue was reported as $151.7 million.
ACNB shares have increased roughly 5% since the beginning of the year. The stock has risen 28% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACNB at https://www.zacks.com/ap/ACNB
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