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Acnb Corporation  (ACNB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

ACNB's Net Income Growth by Quarter and Year

Acnb's Net Income results by quarter and year




ACNB Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 4.10 10.20 4.50 7.05
III Quarter September 9.04 10.32 7.36 6.77
II Quarter June 9.52 8.63 8.51 5.80
I Quarter March 9.02 6.60 7.47 -1.22
FY   31.68 35.75 27.84 18.40



ACNB Net Income fourth quarter 2023 Y/Y Growth Comment
Acnb Corporation reported drop in Net Income in the fourth quarter 2023 by -59.83% to $ 4.10 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Acnb Corporation's Net Income compares unfavorably to the Company's average Net Income increase of 19.49%.

Looking into fourth quarter 2023 results within Regional Banks industry 15 other companies have achieved higher Net Income growth. While Acnb Corporation' s Net Income meltdown of -59.83% ranks overall at the positon no. 471 in the fourth quarter 2023.




ACNB Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -59.83 % 126.67 % -36.17 % 38.78 %
III Quarter September -12.4 % 40.22 % 8.71 % 7.29 %
II Quarter June 10.31 % 1.41 % 46.72 % -10.36 %
I Quarter March 36.67 % -11.65 % - -
FY   -11.39 % 28.41 % 51.3 % -22.43 %

Financial Statements
Acnb's fourth quarter 2023 Net Income $ 4.10 millions ACNB's Income Statement
Acnb's fourth quarter 2022 Net Income $ 10.20 millions Quarterly ACNB's Income Statement
New: More ACNB's historic Net Income Growth >>


ACNB Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -54.68 % -1.16 % -38.86 % 4.14 %
III Quarter September -5.04 % 19.58 % -13.51 % 16.72 %
II Quarter June 5.54 % 30.76 % 13.92 % -
I Quarter March -11.57 % 46.67 % 5.96 % -
FY (Year on Year)   -11.39 % 28.41 % 51.3 % -22.43 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #16
Financial Sector #99
Overall #471

Net Income Y/Y Growth Statistics
High Average Low
122.19 % 19.49 % -32.52 %
(Dec 31 2018)   (Jun 30 2020)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #16
Financial Sector #99
Overall #471
Net Income Y/Y Growth Statistics
High Average Low
122.19 % 19.49 % -32.52 %
(Dec 31 2018)   (Jun 30 2020)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Acnb's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
95.19 % 3.32 % -54.7 %
(Mar 31 2018)  


ACNB's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Acnb Corporation realized fall in Net Income from the third quarter by -54.68% to $ 4.10 millions, from $ 9.04 millions achived in the previous reporting period.

As we analyse recent shortcoming in the quarter, we must assume, that commonly IV. Quarter Net Income appear to be weaker in contrast to the quarter before, Ruben Simon, an industry contributor added.

Within Regional Banks industry 92 other companies have achieved higher Net Income quarter on quarter growth. While Acnb's Net Income growth quarter on quarter, overall rank is 1247.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #93
Financial Sector #322
Overall #1247
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #93
Financial Sector #322
Overall #1247
Net Income Q/Q Growth Statistics
High Average Low
95.19 % 3.32 % -54.7 %
(Mar 31 2018)  


ACNB's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Acnb Corporation disclosed fall in Net Income from the third quarter by -54.68% to $ 4.10 millions, from $ 9.04 millions declared a quarter before.

If you analyse current downturn at the IV. Quarter, you must assume, that usually IV. Quarter performance appear to be weaker relative to the quarter before, Ruben Simon, an industry contributor mentioned.

Within Regional Banks industry 92 other companies have achieved higher Net Income quarter on quarter growth. While Acnb's Net Income growth quarter on quarter, overall rank is 1247.


Acnb's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 31.69 $ 37.79 $ 39.07 $ 38.18 $ 35.75
Y / Y Net Income Growth (TTM) -11.37 % 25.77 % 44.25 % 41.59 % 28.45 %
Year on Year Net Income Growth Overall Ranking # 395 # 539 # 901 # 771 # 337
Seqeuential Net Income Change (TTM) -16.15 % -3.28 % 2.34 % 6.78 % 18.98 %
Seq. Net Income Growth (TTM) Overall Ranking # 471 # 422 # 759 # 805 # 1022




Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Acnb reported a decline in Net Income by -11.37% year on year, to $32 millions, compare to the 25.77% growth at Sep 30 2023.

In the Financial sector 82 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 395, from total ranking in previous quarter at 539.

Net Income TTM Q/Q Growth Statistics
High Average Low
122.19 %
19.49 %
-32.52 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 16
Financial Sector # 83
Overall # 395

Net Income TTM Y/Y Growth Statistics
High Average Low
122.19 %
19.49 %
-32.52 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 99
S&P 500 # 471
Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2023 Acnb reported a decline in Net Income by -11.37% year on year, to $32 millions, compare to the 25.77% growth at Sep 30 2023.

In the Financial sector 82 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 395, from total ranking in previous quarter at 539.

Net Income TTM Q/Q Growth Statistics
High Average Low
122.19 %
19.49 %
-32.52 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 16
Financial Sector # 83
Overall # 395

Net Income TTM Y/Y Growth Statistics
High Average Low
122.19 %
19.49 %
-32.52 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 16
Sector # 99
S&P 500 # 471




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
ACNB's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for ACNB's Competitors
Net Income Growth for Acnb's Suppliers
Net Income Growth for ACNB's Customers

You may also want to know
ACNB's Annual Growth Rates ACNB's Profitability Ratios ACNB's Asset Turnover Ratio ACNB's Dividend Growth
ACNB's Roe ACNB's Valuation Ratios ACNB's Financial Strength Ratios ACNB's Dividend Payout Ratio
ACNB's Roa ACNB's Inventory Turnover Ratio ACNB's Growth Rates ACNB's Dividend Comparisons



Companies with similar Net Income decline for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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