The Board of Directors of ACNB Corporation recently approved and declared the payment of the regular quarterly cash dividend. The cash dividend of 25 cents per share is payable June 14 to shareholders of record on May 31. This per share amount reflects a nearly 9 percent increase from 23 cents per share, and will result in aggregate dividend payments of approximately $1.8 million to ACNB Corporation shareholders in the second quarter of 2019. In comparison to a year ago, ACNB Corporation paid a 23-cent dividend per share in the second quarter of 2018.
With this second quarter dividend, the regular quarterly cash dividends paid to shareholders for the first half of 2019 will total $0.48 per share. This per share amount will result in a total of more than $3.3 million paid to shareholders through the first two quarters of 2019.
ACNB Corporation announced financial results for the three months ended March 31, with net income of $5,864,000. Compared to net income of $4,913,000 for the quarter ended March 31, 2018, this is an increase of $951,000 or 19.4 percent over comparable period results. Basic earnings per share was 83 cents and 70 cents for the three months ended March 31, 2019, and 2018, respectively, which is an increase of 13 cents or 18.6 percent. Total revenues, defined as net interest income plus noninterest income, for the first quarter of 2019 were $18,605,000, or a 7.7 percent increase over total revenues of $17,274,000 for the first quarter of 2018.
ACNB Corporation, headquartered in Gettysburg, Pennsylvania, is the financial holding company for the wholly-owned subsidiaries of ACNB Bank Gettysburg, and Russell Insurance Group Inc., Westminster. As a division of ACNB Bank, NWSB Bank serves its marketplace via a network of seven community banking offices located in Carroll County.
