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PRESS RELEASE FOR IMMEDIATE RELEASE ACNB Corporation ACNB CORPORATION REPORTS Contact : Lynda L. Glass EVP / Secretary & 2021 FIRST QUARTER FINANCIAL RESULTS 2021 First Quarter Highlights Chief Governance Officer 717.339.5085 lglass@acnb.com • Net income for the three months and quarter ended March 31 , 2021 , totaled $ 7,471,000 , which is an increase of $ 8,694,000 or 710.9 % over comparable period results for the three months ended March 31 , 2020. Basic earnings ( loss ) per share was $ 0.86 and $ ( 0.14 ) for the three months ended March 31 , 2021 and 2020 , respectively . The higher net income for the first quarter of 2021 was primarily a result of one - time merger expenses related to the acquisition of Frederick County Bancorp , Inc. and higher loan loss provision in 2020 . • • • Net interest income for the three months and quarter ended March 31 , 2021 , totaled $ 17,325,000 , which is a decrease of $ 130,000 or 0.7 % over comparable period results for the three months ended March 31 , 2020 . Total loans outstanding were $ 1,610,718,000 at March 31 , 2021 , as compared to $ 1,606,039,000 at March 31 , 2020 , for an increase of 0.3 % . Total deposits were $ 2,278,622,000 at March 31 , 2021 , as compared to $ 1,811,357,000 at March 31 , 2020 , for an increase of 25.8 % . Quarterly cash dividends paid to ACNB Corporation shareholders in the first quarter of 2021 totaled $ 2,177,000 , or $ 0.25 per common share , which is the same amount per common share paid in the first quarter of 2020. It was recently announced the regular cash dividend declared for the second quarter of 2021 is consistent at $ 0.25 per common share , payable on June 15 , 2021 , to shareholders of record as of June 1 , 2021. Additionally , the Board of Directors approved and declared a special cash dividend of $ 0.02 per common share also payable on June 15 , 2021 , to shareholders of record as of June 1 , 2021 . ACNB Corporation continues to address the impact of the COVID - 19 pandemic with a focused and responsive plan to meet the needs of the Corporation's customers and communities , as well as to maintain a high level of operational performance while protecting valued staff members . Due to COVID - 19 customer impacts , as of March 31 , 2021 , the Corporation's community banking