ACNB Corporation reported net income of $6.6 million, or $0.77 diluted earnings per share, for the three months ended December 31, 2024. This represents a 61.0% increase compared to net income of $4.1 million, or $0.48 diluted earnings per share, for the fourth quarter of 2023.
For the full year 2024, net income was $31.8 million, or $3.73 diluted earnings per share, a 0.5% increase from $31.6 million in 2023. Both the fourth quarter and full year results were impacted by merger-related expenses of $885 thousand and $2.0 million, respectively, due to the pending Traditions Bancorp acquisition.
Net interest income for Q4 2024 increased by 0.8% quarter-over-quarter to $21.1 million, with the FTE net interest margin rising 4 basis points to 3.81%. Total loans outstanding increased by 0.3% quarter-over-quarter to $1.68 billion, and non-performing loans increased slightly to $6.8 million, or 0.40% of total loans.
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