ACNB (NASDAQ:ACNB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$30.6m (up 9.0% from 2Q 2023).

• Net income: US$11.3m (up 18% from 2Q 2023).

• Profit margin: 37% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.32 (up from US$1.12 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ACNB Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ACNB has 1 warning sign we think you should be aware of.

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