分组1 - ACNB Corporation announced a quarterly cash dividend of $0.38 per share, reflecting an 18.7% increase from the previous dividend of $0.32 per share [1] - The dividend is payable on March 13, 2026, to shareholders of record as of February 27, 2026 [1] - ACNB Corporation is a financial holding company with total assets of $3.23 billion, operating through ACNB Bank and ACNB Insurance Services, Inc. [2] 分组2 - ACNB Bank, founded in 1857, provides banking and wealth management services through a network of 33 community banking offices [2] - ACNB Insurance Services, Inc. is a full-service insurance agency licensed in 46 states, offering a wide range of insurance products [2]

ACNB (ACNB) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.86%. A quarter ago, it was expected that this bank would post earnings of $1.2 per share when it actually produced earnings of $1.42, delivering a surprise of +18.33%.Over the last four quarters, the company has surpassed ...

GETTYSBURG, Pa., Jan. 22, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $10.8 million, or $1.04 diluted earnings per share, for the three months ended December 31, 2025 compared to net income of $6.6 million, or $0.77 diluted earnings per share, for the three months ended December 31, 2024 and compared to net income of $14.9 million, or $1.42 diluted earnings per share ...

Financial Performance - ACNB reported net income of $10.8 million, or $1.04 diluted earnings per share, for the three months ended December 31, 2025, compared to net income of $6.6 million, or $0.77 diluted earnings per share, for the same period in 2024, representing a 63.6% increase in net income [2]. - Core net income was $14.0 million for the three months ended December 31, 2025, compared to $7.3 million for the same period in 2024, indicating a 92.0% increase [2]. - The Corporation reported net income of $37.1 million, or $3.60 diluted earnings per share, for the twelve months ended December 31, 2025, an increase of $5.2 million compared to the twelve months ended December 31, 2024 [2]. - Core net income for the twelve months ended December 31, 2025, was $52.4 million, up from $33.4 million for the same period in 2024, reflecting a 56.9% increase [2]. - The company reported a revenue of $2.5 billion for Q3 2023, representing a 15% year-over-year growth [3]. - The company provided a forward guidance of $2.7 billion in revenue for Q4 2023, indicating a projected growth of 8% [3]. - The company reported a net income for the period of $37.1 million, influenced by common stock equity issued in the acquisition and a $19.5 million change in unrealized gains in available-for-sale investment securities [12]. - The company reported a net income of $I million for the quarter, reflecting a J% increase from the previous year [26]. Investment and Acquisitions - ACNB completed a repositioning of its investment securities portfolio by selling $74.6 million in book value of available-for-sale investment securities, resulting in an after-tax loss of $2.8 million [2]. - The financial results for 2025 were impacted by the acquisition of Traditions Bancorp, Inc., completed on February 1, 2025 [2]. - The increase in core net income for the twelve months ended December 31, 2025, was driven by improved operational efficiencies and strategic growth initiatives [2]. - ACNB's investment strategy continues to focus on enhancing shareholder value through prudent management of its investment portfolio and strategic acquisitions [2]. - The company is exploring potential acquisitions to enhance its market position, with a focus on tech startups [3]. - The company is exploring potential acquisitions to enhance its market position and diversify its product offerings [26]. Operational Efficiency - The fully taxable equivalent (FTE) net interest margin was 4.23% for the twelve months ended December 31, 2025, compared to 3.79% for the twelve months ended December 31, 2024 [2]. - The gross margin improved to 45%, up from 42% in the previous quarter, reflecting better cost management [3]. - The efficiency ratio improved to 53.39% from 51.96% in the previous quarter, indicating better cost management [16]. - The increase in core net income for the twelve months ended December 31, 2025, was driven by improved operational efficiencies and strategic growth initiatives [2]. Loans and Deposits - Total loans outstanding were $2.33 billion at December 31, 2025, a decrease of $6.1 million from September 30, 2025, and an increase of $647.6 million from December 31, 2024 [10]. - Total deposits amounted to $2.45 billion at December 31, 2025, a decrease of $15.7 million from September 30, 2025, and an increase of $657.7 million from December 31, 2024 [10]. - Total average loans increased by $687.1 million for the three months ended December 31, 2025, compared to the same period in 2024 [6]. - Total average interest-bearing deposits increased by $555.2 million for the three months ended December 31, 2025, compared to the same period in 2024 [6]. - Non-performing loans as a percentage of total loans increased from 0.40% at December 31, 2024, to 0.46% at December 31, 2025 [10]. Non-Interest Income and Expenses - Noninterest income for the three months ended December 31, 2025 was $4.3 million, a decrease of $4.1 million from the previous quarter and a decrease of $1.5 million from the same quarter last year [1]. - Non-interest expense for the three months ended December 31, 2025, increased by $5.1 million compared to the previous period [8]. - Salaries and employee benefits expense increased by $9.9 million during the twelve months ended December 31, 2025, compared to the same period in 2024, primarily due to additional employees attributable to the acquisition [1]. - Merger-related expenses totaled $10.7 million for the twelve months ended December 31, 2025, compared to $2.0 million for the same period in 2024 [1]. Shareholder Value - The quarterly cash dividend increased by $0.06 per share or 19% from the fourth quarter of 2024 to the fourth quarter of 2025 [4]. - The Corporation has increased the amount of cash dividends paid out per share each year since 2017, going from $0.20 to $0.38 [4]. - The Corporation recognized a 21% increase in its common stock share price during the calendar year [4]. - Tangible book value per share was $32.22 at December 31, 2025, compared to $30.87 at September 30, 2025, and $29.51 at December 31, 2024 [12]. Risk Factors and Forward-Looking Statements - Risks include impacts from inflation, banking instability, regulatory changes, and economic conditions affecting loan customers' repayment ability [14]. - Forward-looking statements include projections regarding future earnings, expenses, and growth prospects, which are subject to various risks and uncertainties [14]. - Investors are advised to review risk factors in documents filed with the SEC, including Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q [14].

Core Viewpoint - ACNB is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the consensus outlook suggesting a significant impact on its near-term stock price based on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report for ACNB is expected to show quarterly earnings of $1.26 per share, reflecting a year-over-year increase of 63.6% [3]. - Revenues are projected to reach $40.09 million, which is an increase of 48.9% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate for ACNB has been revised 1.09% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for ACNB is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.93%, suggesting a bullish outlook on the company's earnings prospects [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 2 (Buy) [10]. - ACNB's combination of a positive Earnings ESP and a Zacks Rank of 2 indicates a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, ACNB exceeded the expected earnings of $1.20 per share by delivering $1.42, resulting in a surprise of +18.33% [13]. - Over the past four quarters, ACNB has beaten consensus EPS estimates two times [14]. Industry Context - In the broader context of the Zacks Banks - Southwest industry, Banc of California is expected to report earnings of $0.38 per share, reflecting a year-over-year change of +35.7% [18]. - Banc of California's revenue is projected to be $292.72 million, up 10.8% from the previous year, but it has a negative Earnings ESP of -2.63%, making it difficult to predict an earnings beat [19][20].

Financial Performance - Net income for the three months ended September 30, 2025, was $14.9 million, an increase of $7.7 million compared to $7.2 million for the same period in 2024[128]. - Net income for the nine months ended September 30, 2025, was $26.2 million, or $2.56 diluted earnings per share, compared to $25.3 million, or $2.96 diluted earnings per share for the same period in 2024[140]. - Noninterest income was $8.4 million for the three months ended September 30, 2025, an increase of $1.6 million compared to the same period in 2024[126]. - Noninterest income totaled $24.3 million for the nine months ended September 30, 2025, compared to $18.9 million for the same period in 2024, reflecting a 28.3% increase[150]. Interest Income and Expenses - Net interest income increased to $32.1 million for the three months ended September 30, 2025, compared to $20.9 million for the same period in 2024, reflecting an increase of $11.2 million[121]. - Net interest income totaled $90.2 million for the nine months ended September 30, 2025, an increase of $27.7 million from $62.5 million for the same period in 2024[141]. - Total FTE interest income increased by $15.3 million for the three months ended September 30, 2025, compared to the same period in 2024, driven by a $10.7 million increase in average interest-earning assets and a $4.5 million increase in yield[134]. - Total interest expense rose by $4.1 million during the three months ended September 30, 2025, with average interest-bearing deposits increasing by $575.6 million[135]. - Total interest expense rose by $12.5 million during the nine months ended September 30, 2025, driven by a $537.6 million increase in average interest-bearing deposits[147]. Asset and Loan Growth - Average loans increased by $675.4 million for the three months ended September 30, 2025, compared to the same period in 2024[126]. - Average loans increased by $618.5 million, contributing $26.1 million to the increase in FTE interest income, while the yield on total loans increased by 74 basis points, contributing $11.8 million[146]. - Total assets increased to $3.17 billion as of September 30, 2025, compared to $2.44 billion for the same period in 2024[144]. - Total loans, net of unearned income, increased by $653.7 million, or 38.8%, from December 31, 2024, driven primarily by $648.5 million in loans purchased at the Acquisition date[159]. Credit Quality - The allowance for credit losses was $23.7 million at September 30, 2025, up from $17.3 million at December 31, 2024[126]. - Non-performing loans were $10.0 million, or 0.43% of total loans, at September 30, 2025, compared to $6.6 million, or 0.39%, at September 30, 2024[126]. - The provision for credit losses for the nine months ended September 30, 2025, was $5.2 million, compared to a reversal of $2.7 million for the same period in 2024[126]. - The provision for credit losses was $5.2 million for the nine months ended September 30, 2025, compared to reversals of $2.7 million for the same period in 2024[149]. Expenses and Acquisitions - Noninterest expenses were $22.4 million for the three months ended September 30, 2025, an increase of $4.1 million compared to the same period in 2024[126]. - Total noninterest expenses increased by $24.8 million, or 47.4%, during the nine months ended September 30, 2025, driven primarily by the Acquisition[151]. - Salaries and employee benefits increased by $7.1 million, or 21.9%, during the nine months ended September 30, 2025, primarily due to the Acquisition[151]. - Merger-related expenses included $10.1 million for the nine months ended September 30, 2025, reflecting costs associated with the Acquisition[151]. Capital and Equity - Total stockholders' equity rose to $408.6 million at September 30, 2025, compared to $303.3 million at December 31, 2024, driven primarily by the issuance of 2,035,246 shares of common stock valued at $83.6 million for the acquisition of Traditions[175]. - The Corporation recognized income taxes of $7.0 million for the nine months ended September 30, 2025, reflecting an effective tax rate (ETR) of 21.1%, down from 21.5% in the same period of 2024[152]. - The capital ratios as of September 30, 2025, indicate that ACNB Corporation's Tier 1 leverage capital ratio was 11.22%, significantly above the minimum requirement of 4.00%[178]. - Common Equity Tier 1 capital ratio for ACNB Corporation was 14.45%, exceeding the minimum requirement of 4.50%[178]. Deposits and Borrowings - Total deposits increased by $673.4 million, or 37.6%, to $2.47 billion at September 30, 2025, primarily due to the Acquisition[171]. - Short-term borrowings increased to $80.5 million as of September 30, 2025, up from $15.8 million at December 31, 2024, representing a growth of 408.2%[173]. - Long-term borrowings remained stable at $255.4 million as of September 30, 2025, compared to $255.3 million at December 31, 2024[174]. - ACNB's banking subsidiary had a borrowing capacity of approximately $1.29 billion from the FHLB, with $1.01 billion available as of September 30, 2025[181]. Investment and Securities - Total investment securities rose by 14.6% to $526.6 million at September 30, 2025, compared to $459.5 million at December 31, 2024[155]. - Securities sold under repurchase agreements increased to approximately $27.1 million at September 30, 2025, compared to $15.8 million at December 31, 2024, reflecting a growth of 71.4%[183].

Core Viewpoint - ACNB has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - ACNB's earnings per share (EPS) for the fiscal year ending December 2025 is projected to be $4.99, showing no year-over-year change, but the Zacks Consensus Estimate has increased by 7% over the past three months [8]. Investment Implications - The upgrade reflects an improvement in ACNB's underlying business, suggesting that investors may push the stock price higher due to this positive trend [5][10]. - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9].

Core Insights - ACNB reported quarterly earnings of $1.42 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, and showing a significant increase from $0.84 per share a year ago, resulting in an earnings surprise of +18.33% [1] - The company achieved revenues of $40.55 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.64% and up from $27.77 million year-over-year [2] - ACNB shares have increased approximately 11.5% year-to-date, compared to the S&P 500's gain of 13.9% [3] Earnings Outlook - The future performance of ACNB's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $39.38 million, and for the current fiscal year, it is $4.67 on revenues of $153.03 million [7] Industry Context - The Zacks Industry Rank places the Banks - Southwest sector in the top 24% of over 250 Zacks industries, indicating a favorable environment for stock performance [8] - Another company in the same industry, Prosperity Bancshares, is expected to report quarterly earnings of $1.45 per share, reflecting a year-over-year increase of +8.2% [9]

Core Insights - ACNB Corporation reported a net income of $14.9 million, or $1.42 diluted earnings per share, for Q3 2025, a significant increase from $7.2 million, or $0.84 per share, in Q3 2024 and $11.6 million, or $1.11 per share, in Q2 2025 [1][4]. Financial Performance - The acquisition of Traditions Bancorp, completed on February 1, 2025, impacted ACNB's financial results, making comparisons to prior periods less direct [3]. - Net interest income for Q3 2025 was $32.1 million, up $1.1 million from Q2 2025 and $11.2 million from Q3 2024, with a net interest margin of 4.27%, reflecting increases from both previous quarters [6][10]. - Noninterest income for Q3 2025 was $8.4 million, a decrease from Q2 2025 but an increase from Q3 2024, driven by various factors including insurance commissions and service charges [8]. Asset Quality and Loans - Total loans outstanding were $2.34 billion at the end of Q3 2025, a decrease from Q2 2025 but an increase of $659.5 million from Q3 2024, with a loan yield of 6.29% [10][11]. - The allowance for credit losses was $23.7 million, showing a decrease from Q2 2025 but an increase from Q3 2024 [11]. Deposits and Borrowings - Total deposits were $2.47 billion at the end of Q3 2025, a decrease from Q2 2025 but an increase of $674.6 million from Q3 2024, with noninterest-bearing deposits increasing significantly [12]. - Total borrowings increased to $335.8 million, driven by short-term borrowings [13]. Stockholders' Equity - Total stockholders' equity rose to $408.6 million at the end of Q3 2025, up from $395.2 million in Q2 2025 and $306.8 million in Q3 2024, primarily due to net income and unrealized gains [14].

Executive Summary This section provides a high-level overview of ACNB Corporation's strong Q3 2025 financial performance, including record profitability and strategic insights from the CEO [Q3 2025 Financial Highlights](index=1&type=section&id=Q3%202025%20Financial%20Highlights) ACNB Corporation reported record Q3 2025 net income and diluted EPS, with improved net interest margin and stable asset quality, significantly impacted by the Traditions Bancorp acquisition **Q3 2025 Key Financial Performance:** | Metric | Q3 2025 | Q2 2025 | Q3 2024 | | :-------------------------------- | :------ | :------ | :------ | | Net Income (in millions) | $14.9 | $11.6 | $7.2 | | Diluted EPS | $1.42 | $1.11 | $0.84 | | FTE Net Interest Margin | 4.27% | 4.21% | 3.77% | | Return on Average Assets | 1.80% | N/A | N/A | | Return on Average Equity | 14.66% | N/A | N/A | - Total non-performing loans to total loans, net of unearned income, was **0.43%** at September 30, 2025, **stable** compared to June 30, 2025, but up from **0.39%** at September 30, 2024[5](index=5&type=chunk) - The Board of Directors **approved** a regular quarterly cash dividend of **$0.38 per share** for the fourth quarter, an **11.8% increase** over the prior quarter and an **18.8% increase** over the same period of 2024[5](index=5&type=chunk) - ACNB **repurchased** **61,586 shares** of common stock in open market transactions for the three months ended September 30, 2025[6](index=6&type=chunk) - Financial results for the first three quarters of 2025 were **impacted by** the **acquisition of Traditions Bancorp, Inc.** on February 1, 2025, **making direct comparisons to prior reported periods potentially not comparable**[6](index=6&type=chunk) [CEO's Statement](index=3&type=section&id=CEO%27s%20Statement) CEO James P. Helt highlighted record profitability, stable asset quality, and active capital management, crediting community banking and the Traditions Bank integration - **ACNB Corporation** reported **strong profitability** and **record** quarterly net income for **Q3 2025**, reflecting **commitment to community banking** and **successful integration of Traditions Bank**[7](index=7&type=chunk) - The quarter featured **stable asset quality** metrics, **increased profitability**, and **active capital management** strategies, including **share repurchases** and a **strong dividend**[8](index=8&type=chunk) - Management aims to finish the year **strong** by managing economic cycles and **diversifying revenue streams** through ACNB Insurance Services, ACNB Wealth Management, and Traditions Mortgage for **long-term shareholder growth**[8](index=8&type=chunk) Financial Performance Analysis This section analyzes ACNB Corporation's financial performance, focusing on net interest income, noninterest income, and noninterest expense trends [Net Interest Income and Margin](index=3&type=section&id=Net%20Interest%20Income%20and%20Margin) Net interest income significantly increased YoY and moderately QoQ, driven by higher earning assets and improved FTE net interest margin, influenced by lower deposit costs from the Traditions acquisition **Net Interest Income & Margin Trends:** | Metric | Q3 2025 | Q2 2025 | Q3 2024 | | :---------------------- | :------ | :------ | :------ | | Net Interest Income (in millions) | $32.1 | $31.0 | $20.9 | | FTE Net Interest Margin | 4.27% | 4.21% | 3.77% | - The **increase** in **FTE net interest margin** from **Q2 2025** was **primarily due to** a **7 basis points decrease** in the cost of interest-bearing deposits, resulting from **lower rates** on **higher cost deposits** and **reduced balances** from the **Traditions Acquisition**[10](index=10&type=chunk) - Total average earning assets **increased by** **$28.5 million** **quarter-over-quarter**, and total average noninterest-bearing demand deposits **increased by** **$30.5 million** **quarter-over-quarter**[10](index=10&type=chunk) - **Year-over-year**, total average loans **increased by** **$675.4 million**, with the yield on total loans **rising by** **73 basis points** to **6.29%** for **Q3 2025**[11](index=11&type=chunk) [Noninterest Income](index=5&type=section&id=Noninterest%20Income) Noninterest income slightly decreased QoQ but notably increased YoY, driven by lower insurance commissions and higher gains from mortgage loans and service charges, partially due to the acquisition **Noninterest Income (in thousands):** | Category | Q3 2025 | Q2 2025 | Q3 2024 | | :-------------------------------- | :------ | :------ | :------ | | Total Noninterest Income | $8,411 | $8,682 | $6,833 | | Insurance commissions | $2,545 | $2,908 | $2,787 | | Gain from mortgage loans held for sale | $1,463 | $1,575 | $112 | | Service charges on deposits | $1,286 | $1,179 | $1,048 | - The **decrease** in insurance commissions **QoQ** was **primarily due to** **lower contingent commission income**, and **YoY due to timing of policy renewals** and a **$121 thousand decrease** from one customer's policy cancellation[13](index=13&type=chunk) - Service charges on deposits **increased YoY primarily due to** the **Traditions Acquisition** and an **increase** in **overall customer activity**[13](index=13&type=chunk) [Noninterest Expense](index=5&type=section&id=Noninterest%20Expense) Noninterest expense significantly decreased QoQ due to lower merger-related costs and salaries, but increased YoY due to acquisition-related personnel and operational expenses **Noninterest Expense (in thousands):** | Category | Q3 2025 | Q2 2025 | Q3 2024 | | :-------------------------------- | :------ | :------ | :------ | | Total Noninterest Expenses | $22,361 | $25,366 | $18,244 | | Merger-related expenses | $169 | $1,900 | $1,100 | | Salaries and employee benefits | $13,191 | $13,693 | $11,017 | | Intangible assets amortization | $1,129 | $1,141 | $304 | - Salaries and employee benefits **decreased QoQ primarily due to** a **higher employee vacancy rate**, **lower incentive compensation**, **lower overtime**, conversion-related expenses, and **lower health insurance expense**[14](index=14&type=chunk) - Salaries and employee benefits **increased YoY primarily due to** **additional employees attributable to the Acquisition**, merit increases, and **higher mortgage commissions**[14](index=14&type=chunk) - Intangible assets amortization **increased by** **$825 thousand YoY** as a **direct result** of the **Traditions Acquisition**[15](index=15&type=chunk) Balance Sheet and Asset Quality This section examines ACNB Corporation's balance sheet, focusing on loans, asset quality, deposits, borrowings, and stockholders' equity [Loans and Asset Quality](index=6&type=section&id=Loans%20and%20Asset%20Quality) Total loans and asset quality metrics showed stability QoQ and significant growth YoY, primarily due to the Traditions acquisition **Loans and Asset Quality (in thousands):** | Metric | Sept 30, 2025 | June 30, 2025 | Sept 30, 2024 | | :-------------------------------- | :------------ | :------------ | :------------ | | Total loans outstanding | $2,336,605 | $2,341,816 | $1,677,112 | | Allowance for credit losses | $23,660 | $24,353 | $17,214 | | Total non-performing loans to total loans | 0.43% | 0.43% | 0.39% | - The **YoY increase** in total loans was spread across all loan categories and was **driven primarily by the Traditions Acquisition**[17](index=17&type=chunk) - The **QoQ decrease** in allowance for credit losses was **driven primarily by the movement of construction loans to lower loss rate segments** and the **paydowns of loans with a specific reserve**[17](index=17&type=chunk) [Deposits and Borrowings](index=7&type=section&id=Deposits%20and%20Borrowings) Total deposits decreased QoQ but significantly increased YoY, largely due to the Traditions acquisition, while borrowings also increased **Deposits and Borrowings (in thousands):** | Metric | Sept 30, 2025 | June 30, 2025 | Sept 30, 2024 | | :-------------------------------- | :------------ | :------------ | :------------ | | Total Deposits | $2,465,896 | $2,524,541 | $1,791,317 | | Total Interest-Bearing Deposits | $1,884,199 | $1,956,240 | $1,327,816 | | Noninterest-Bearing Deposits | $581,697 | $568,301 | $463,501 | | Total Borrowings | $335,833 | $298,395 | $293,091 | - The **QoQ decreases** in money market and time deposits were **driven primarily by lower balances of higher cost deposits from the Acquisition** and a **net decline of $20.0 million** of short-term brokered deposits[18](index=18&type=chunk) - The **overall increase** in total deposits compared to September 30, 2024, was **driven primarily by the Traditions Acquisition**[18](index=18&type=chunk) - Total borrowings **increased QoQ primarily due to** an **increase** in short-term borrowings, including a **three-month FHLB borrowing of $25.0 million**[19](index=19&type=chunk) [Stockholders' Equity](index=7&type=section&id=Stockholders%27%20Equity) Total stockholders' equity increased QoQ and YoY, driven by net income, unrealized gains, and common stock issued in the Traditions acquisition **Stockholders' Equity (in thousands):** | Metric | Sept 30, 2025 | June 30, 2025 | Sept 30, 2024 | | :-------------------------------- | :------------ | :------------ | :------------ | | Total Stockholders' Equity | $408,642 | $395,151 | $306,755 | | Tangible book value per share | $30.87 | $29.30 | $29.90 | - The **QoQ increase** in stockholders' equity was **driven primarily by net income of $14.9 million** and a **$4.3 million change in unrealized gains** in available-for-sale investment securities, **partially offset by $3.5 million in dividends paid** and **$2.7 million in common stock repurchased**[21](index=21&type=chunk) - The **YoY increase** in stockholders' equity was **driven primarily by the common stock equity issued in the Traditions Acquisition**[21](index=21&type=chunk) Company Overview ACNB Corporation is a $3.25 billion financial holding company operating through ACNB Bank and ACNB Insurance Services, providing diverse financial services - **ACNB Corporation** is an **independent $3.25 billion financial holding company** headquartered in Gettysburg, PA[22](index=22&type=chunk) - Its **wholly-owned subsidiaries** include **ACNB Bank** (with operating divisions **Traditions Bank** and Traditions Mortgage) and **ACNB Insurance Services, Inc.**[22](index=22&type=chunk) - **ACNB Bank** provides banking and wealth management services through **33 community banking offices** and one loan office in Pennsylvania and Maryland, while **ACNB Insurance Services, Inc.** is a **full-service insurance agency** licensed in **46 states**[22](index=22&type=chunk) Forward-Looking Statements This section cautions that forward-looking statements are subject to risks and uncertainties, advising readers to review SEC filings for comprehensive risk factors - The press release contains **forward-looking statements**, which are **subject to certain risks and uncertainties** such as national, regional, and local economic conditions, competitive factors, and regulatory limitations[24](index=24&type=chunk) - **Actual results may differ materially** from those projected due to factors including inflation, banking instability, governmental policies, new laws, accounting policy changes, business strategy ineffectiveness, and acquisition integration difficulties[24](index=24&type=chunk) - Readers are **cautioned not to place undue reliance** on these **forward-looking statements** and are encouraged to **review risk factors** described in the Corporation's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the SEC[25](index=25&type=chunk) Financial Tables This section provides detailed financial tables, including selected data, consolidated statements, and average balances, offering comprehensive insights into ACNB Corporation's performance [Selected Financial Data by Respective Quarter End](index=11&type=section&id=Selected%20Financial%20Data%20by%20Respective%20Quarter%20End) This table presents key financial data, including balance sheet, income statement, profitability, per share, capital, and credit quality metrics for the past five quarters, highlighting the Traditions acquisition's impact **Selected Financial Data by Respective Quarter End (Dollars in thousands, except per share data):** | (Dollars in thousands, except per share data) | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | | :------------------------------------------ | :----------------- | :------------ | :------------- | :---------------- | :----------------- | | **BALANCE SHEET DATA** | | | | | | | Total assets | $ 3,250,838 | $ 3,259,528 | $ 3,270,041 | $ 2,394,830 | $ 2,420,914 | | Total loans, net of unearned income | 2,336,605 | 2,341,816 | 2,322,209 | 1,682,910 | 1,677,112 | | Deposits | 2,465,896 | 2,524,541 | 2,540,009 | 1,792,501 | 1,791,317 | | Stockholders' equity | 408,642 | 395,151 | 386,883 | 303,273 | 306,755 | | **INCOME STATEMENT DATA** | | | | | | | Net interest income | 32,137 | 31,012 | 27,090 | 21,112 | 20,942 | | Noninterest income | 8,411 | 8,682 | 7,184 | 5,803 | 6,833 | | Noninterest expenses | 22,361 | 25,366 | 29,335 | 18,388 | 18,244 | | Net income (loss) | $ 14,870 | $ 11,648 | $ (272) | $ 6,595 | $ 7,204 | | **PROFITABILITY RATIOS** | | | | | | | Return on average assets (annualized) | 1.80 % | 1.43 % | (0.04) % | 1.08 % | 1.17 % | | Return on average equity (annualized) | 14.66 | 11.96 | (0.31) | 8.57 | 9.63 | | FTE Net interest margin | 4.27 | 4.21 | 4.07 | 3.81 | 3.77 | | **PER SHARE DATA** | | | | | | | Diluted earnings (loss) per share | $ 1.42 | $ 1.11 | $ (0.03) | $ 0.77 | $ 0.84 | | Tangible book value per share | 30.87 | 29.30 | 28.23 | 29.51 | 29.90 | | **CREDIT QUALITY** | | | | | | | Total non-performing loans to total loans | 0.43 % | 0.43 % | 0.43 % | 0.40 % | 0.39 % | [Consolidated Statements of Condition](index=13&type=section&id=Consolidated%20Statements%20of%20Condition) This table presents consolidated balance sheets for ACNB Corporation, detailing assets, liabilities, and stockholders' equity, showing significant YoY growth largely due to the Traditions acquisition **Consolidated Statements of Condition (Dollars in thousands):** | (Dollars in thousands, except per share data) | September 30, 2025 | June 30. 2025 | September 30, 2024 | | :------------------------------------------ | :----------------- | :------------ | :----------------- | | **ASSETS** | | | | | Total Cash and Cash Equivalents | $ 102,139 | $ 103,109 | $ 58,092 | | Investment securities available for sale | 462,217 | 455,317 | 418,079 | | Loans, net | 2,312,945 | 2,317,463 | 1,659,898 | | Goodwill | 64,449 | 64,449 | 44,185 | | Intangible assets, net | 23,565 | 24,694 | 8,142 | | Total Assets | $ 3,250,838 | $ 3,259,528 | $ 2,420,914 | | **LIABILITIES AND STOCKHOLDERS' EQUITY** | | | | | Noninterest-bearing Deposits | $ 581,697 | $ 568,301 | $ 463,501 | | Interest-bearing Deposits | 1,884,199 | 1,956,240 | 1,327,816 | | Total Deposits | 2,465,896 | 2,524,541 | 1,791,317 | | Short-term borrowings | 80,468 | 43,041 | 37,769 | | Long-term borrowings | 255,354 | 255,322 | 255,365 | | Total Liabilities | 2,842,196 | 2,864,377 | 2,114,159 | | Total Stockholders' Equity | 408,642 | 395,151 | 306,755 | | Total Liabilities and Stockholders' Equity | $ 3,250,838 | $ 3,259,528 | $ 2,420,914 | [Consolidated Income Statements](index=15&type=section&id=Consolidated%20Income%20Statements) This table presents consolidated income statements, showing substantial increases in interest income, net interest income, and net income, largely influenced by the Traditions acquisition **Consolidated Income Statements (Dollars in thousands, except per share data):** | (Dollars in thousands, except per share data) | Three Months Ended September 30, 2025 | Three Months Ended September 30, 2024 | Nine Months Ended September 30, 2025 | Nine Months Ended September 30, 2024 | | :------------------------------------------ | :------------------------------------ | :------------------------------------ | :----------------------------------- | :----------------------------------- | | **INTEREST AND DIVIDEND INCOME** | | | | | | Total Interest and Dividend Income | $ 42,490 | $ 27,241 | $ 120,356 | $ 80,084 | | **INTEREST EXPENSE** | | | | | | Total Interest Expense | 10,353 | 6,299 | 30,117 | 17,585 | | Net Interest Income | 32,137 | 20,942 | 90,239 | 62,499 | | **NONINTEREST INCOME** | | | | | | Total Noninterest Income | 8,411 | 6,833 | 24,277 | 18,927 | | **NONINTEREST EXPENSES** | | | | | | Total Noninterest Expenses | 22,361 | 18,244 | 77,062 | 52,297 | | Income Before Income Taxes | 18,916 | 9,410 | 33,277 | 32,185 | | Income tax expense | 4,046 | 2,206 | 7,031 | 6,934 | | Net Income | $ 14,870 | $ 7,204 | $ 26,246 | $ 25,251 | | **PER SHARE DATA** | | | | | | Diluted earnings | $ 1.42 | $ 0.84 | $ 2.56 | $ 2.96 | [Average Balances, Income and Expenses, Yields and Rates (Quarterly)](index=17&type=section&id=Average%20Balances%2C%20Income%20and%20Expenses%2C%20Yields%20and%20Rates%20%28Quarterly%29) This table details average balances, income, expenses, yields, and rates for earning assets and interest-bearing liabilities across five quarters, illustrating trends in yields, deposit costs, and FTE net interest margin **Average Balances, Income and Expenses, Yields and Rates (Quarterly, Dollars in thousands):** | (Dollars in thousands) | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | | :--------------------- | :----------------- | :------------ | :------------- | :---------------- | :----------------- | | **ASSETS** | | | | | | | Total Loans | $ 2,356,641 | $ 2,355,332 | $ 2,138,200 | $ 1,676,928 | $ 1,681,280 | | Yield on total loans | 6.29 % | 6.29 % | 6.08 % | 5.61 % | 5.56 % | | Total Earning Assets | 2,998,405 | 2,969,874 | 2,714,026 | 2,222,823 | 2,225,758 | | Yield on average earning assets | 5.64 % | 5.64 % | 5.45 % | 4.93 % | 4.90 % | | **LIABILITIES** | | | | | | | Total Interest-Bearing Deposits | 1,916,928 | 1,965,483 | 1,762,490 | 1,355,685 | 1,341,365 | | Rate on interest-bearing deposits | 1.42 % | 1.49 % | 1.38 % | 0.96 % | 0.92 % | | Total Borrowings | 325,747 | 299,862 | 296,279 | 278,413 | 293,982 | | Rate on total borrowings | 4.24 % | 4.39 % | 4.39 % | 4.27 % | 4.31 % | | Total Interest-Bearing Liabilities | 2,242,675 | 2,265,345 | 2,058,769 | 1,634,098 | 1,635,347 | | Rate on interest-bearing liabilities | 1.83 % | 1.87 % | 1.81 % | 1.53 % | 1.53 % | | Cost of Funds | 1.45 % | 1.50 % | 1.45 % | 1.19 % | 1.19 % | | FTE Net Interest Margin | 4.27 % | 4.21 % | 4.07 % | 3.81 % | 3.77 % | [Average Balances, Income and Expenses, Yields and Rates (Nine Months)](index=19&type=section&id=Average%20Balances%2C%20Income%20and%20Expenses%2C%20Yields%20and%20Rates%20%28Nine%20Months%29) This table compares average balances, income, expenses, yields, and rates for earning assets and interest-bearing liabilities for the nine months ended September 30, 2025 and 2024, demonstrating YoY growth in earning assets and increased cost of funds **Average Balances, Income and Expenses, Yields and Rates (Nine Months, Dollars in thousands):** | (Dollars in thousands) | Nine months ended September 30, 2025 | Nine months ended September 30, 2024 | | :--------------------- | :----------------------------------- | :----------------------------------- | | **ASSETS** | | | | Total Loans | $ 2,284,141 | $ 1,665,681 | | Yield on total loans | 6.23 % | 5.49 % | | Total Earning Assets | 2,895,093 | 2,221,880 | | Yield on average earning assets | 5.58 % | 4.84 % | | **LIABILITIES** | | | | Total Interest-Bearing Deposits | 1,882,199 | 1,344,565 | | Rate on interest-bearing deposits | 1.43 % | 0.79 % | | Total Borrowings | 307,404 | 294,109 | | Rate on total borrowings | 4.33 % | 4.39 % | | Total Interest-Bearing Liabilities | 2,189,603 | 1,638,674 | | Rate on interest-bearing liabilities | 1.84 % | 1.43 % | | Cost of Funds | 1.47 % | 1.11 % | | FTE Net Interest Margin | 4.19 % | 3.79 % | [Loan and Deposit Detail by Type](index=21&type=section&id=Loan%20and%20Deposit%20Detail%20by%20Type) This table details gross loans and total deposits by type, comparing balances across periods and highlighting changes in categories, with YoY growth largely attributed to the acquisition **Loan and Deposit Detail by Type (Dollars in thousands):** | (Dollars in thousands) | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 2025 vs. June 2025 | September 2025 vs. September 2024 | | :--------------------- | :----------------- | :------------ | :----------------- | :--------------------------- | :-------------------------------- | | **Loans** | | | | | | | Commercial real estate | $ 1,263,896 | $ 1,254,733 | $ 957,904 | $ 9,163 | $ 305,992 | | Residential mortgage | 593,283 | 594,889 | 397,994 | (1,606) | 195,289 | | Commercial and industrial | 218,364 | 226,276 | 152,148 | (7,912) | 66,216 | | Home equity lines of credit | 125,839 | 122,546 | 84,316 | 3,293 | 41,523 | | Real estate construction | 126,451 | 135,023 | 75,953 | (8,572) | 50,498 | | Consumer | 10,144 | 10,253 | 9,773 | (109) | 371 | | Gross loans | 2,337,977 | 2,343,720 | 1,678,088 | (5,743) | 659,889 | | Total loans, net of unearned income | $ 2,336,605 | $ 2,341,816 | $ 1,677,112 | $ (5,211) | $ 659,493 | | **Deposits** | | | | | | | Noninterest-bearing demand deposits | $ 581,697 | $ 568,301 | $ 463,501 | $ 13,396 | $ 118,196 | | Interest-bearing demand deposits | 614,130 | 604,854 | 509,930 | 9,276 | 104,200 | | Money market | 493,430 | 531,738 | 249,197 | (38,308) | 244,233 | | Savings | 330,200 | 339,179 | 311,958 | (8,979) | 18,242 | | Total demand and savings | 2,019,457 | 2,044,072 | 1,534,586 | (24,615) | 484,871 | | Time | 446,439 | 480,469 | 256,731 | (34,030) | 189,708 | | Total deposits | $ 2,465,896 | $ 2,524,541 | $ 1,791,317 | $ (58,645) | $ 674,579 | Non-GAAP Reconciliation This section reconciles non-GAAP financial measures like tangible book value per share, TCE/TA Ratio, and efficiency ratio to GAAP, offering additional insights into financial condition and performance for industry comparisons - **Non-GAAP financial measures** are provided to offer **useful and comparative information** for **assessing trends** in the Corporation's financial condition, **frequently used by analysts and investors**[47](index=47&type=chunk) **Non-GAAP Reconciliation (Dollars in thousands, except per share data):** | (Dollars in thousands, except per share data) | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | | :------------------------------------------ | :----------------- | :------------ | :------------- | :---------------- | :----------------- | | **Tangible book value per share** | | | | | | | Tangible book value per share | $ 30.87 | $ 29.30 | $ 28.23 | $ 29.51 | $ 29.90 | | **Tangible common equity to tangible assets (TCE/TA Ratio)** | | | | | | | Tangible common equity to tangible assets | 10.14 % | 9.65 % | 9.33 % | 10.72 % | 10.74 % | | **Efficiency Ratio** | | | | | | | Efficiency ratio | 51.96 % | 56.21 % | 60.13 % | 63.83 % | 60.56 % |