In the Q1, Acnb Corporation's corporate clients experienced a reduction by -6.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -12.03 %. During the corresponding time, Acnb Corporation recorded a revenue increase by 42.01 % year on year, sequentially revenue grew by 11.6 %. While revenue at the Acnb Corporation's corporate clients fell by -7.76 % year on year, sequentially revenue fell by -12.26 %.
Customers of Acnb Corporation saw their costs of revenue decrease by -6.37 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -12.03 %, for the same period Acnb Corporation recorded revenue increase by 42.01 % year on year, sequentially revenue grew by 11.6 %.
ACNB Corporation, headquartered in Gettysburg, Pennsylvania, is the financial
holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg,
Pennsylvania, and Russell Insurance Group, Inc., Westminster, Maryland. ACNB
Bank serves its marketplace via a network of twenty-one retail banking offices
located throughout Adams County, Pennsylvania, as well as in Dillsburg, Hanover
and Spring Grove, York County, Pennsylvania, in Newville, Cumberland County,
Pennsylvania, and in Chambersburg, Franklin County, Pennsylvania. In addition,
the Bank operates a loan office in York, York County, Pennsylvania. Russell
Insurance Group, Inc. offers a broad range of commercial and personal insurance
lines with licenses in 42 states, including Pennsylvania and Maryland, through
offices in Westminster, Carroll County, and Germantown, Montgomery County, Maryland.
Accordingly, ACNB Corporations major operations are in the more rural areas
of the Harrisburg-Carlisle MSA and the York-Hanover MSA, along with all of Adams
County, Pennsylvania, and parts of Franklin County, Pennsylvania. Approximately
60% of the population resides in areas designated rural. Major types of employers
include those focused on manufacturing, education, healthcare, agriculture,
tourism, and transportation/warehousing, as well as local governments. A material
amount of land surrounding Gettysburg is under the control of the National Park
Service, limiting certain types of development. Unemployment figures in the
banks market recently, and historically, have been better than those for Pennsylvania
and the United States. Per capita and household incomes are generally under
Pennsylvania averages.
Acnb’s Comment on Sales, Marketing and Customers
ACNB Corporation, headquartered in Gettysburg, Pennsylvania, is the financial
holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg,
Pennsylvania, and Russell Insurance Group, Inc., Westminster, Maryland. ACNB
Bank serves its marketplace via a network of twenty-one retail banking offices
located throughout Adams County, Pennsylvania, as well as in Dillsburg, Hanover
and Spring Grove, York County, Pennsylvania, in Newville, Cumberland County,
Pennsylvania, and in Chambersburg, Franklin County, Pennsylvania. In addition,
the Bank operates a loan office in York, York County, Pennsylvania. Russell
Insurance Group, Inc. offers a broad range of commercial and personal insurance
lines with licenses in 42 states, including Pennsylvania and Maryland, through
offices in Westminster, Carroll County, and Germantown, Montgomery County, Maryland.
Accordingly, ACNB Corporations major operations are in the more rural areas
of the Harrisburg-Carlisle MSA and the York-Hanover MSA, along with all of Adams
County, Pennsylvania, and parts of Franklin County, Pennsylvania. Approximately
60% of the population resides in areas designated rural. Major types of employers
include those focused on manufacturing, education, healthcare, agriculture,
tourism, and transportation/warehousing, as well as local governments. A material
amount of land surrounding Gettysburg is under the control of the National Park
Service, limiting certain types of development. Unemployment figures in the
banks market recently, and historically, have been better than those for Pennsylvania
and the United States. Per capita and household incomes are generally under
Pennsylvania averages.
Sources:
Acnb Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Acnb Corporation’s corporate clients.
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