Overview

* ACNB ( ACNB ) Q3 net income rose to $14.9 mln, beating analyst expectations

* Adjusted EPS for Q3 was $1.42, surpassing consensus estimates

* Company increased quarterly cash dividend by 11.8% over prior quarter

Outlook

* ACNB ( ACNB ) did not provide specific financial guidance for future quarters in its press release

Result Drivers

* ACQUISITION IMPACT - The acquisition of Traditions Bancorp contributed to increased average loan balances and profitability

* NET INTEREST MARGIN - Increase in net interest margin driven by lower cost of interest-bearing deposits and higher loan yields

* EXPENSE MANAGEMENT - Reduction in noninterest expenses due to lower merger-related costs and decreased salaries and benefits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS Beat $1.42 $1.18 (4

Analysts

)

Q3 Net Beat $14.87 $12.50

Income mln mln (4

Analysts

)

Q3 Net $32.13

Interest mln

Income

Q3 Beat $18.91 $15.70

Pretax mln mln (4

Profit Analysts

)

Q3 CET1 14.45%

Capital

Ratio

Q3 Net 4.27%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for ACNB Corp ( ACNB ) is $48.50, about 10.2% above its October 21 closing price of $43.57

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)