Company Performance - ACNB reported quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.88 per share, and down from $1.06 per share a year ago, representing an earnings surprise of -4.55% [1] - The company posted revenues of $27.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.95%, but down from $28.04 million year-over-year [1] - Over the last four quarters, ACNB has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [1] Future Outlook - The immediate price movement of ACNB's stock will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is $0.81 on revenues of $26.87 million, and for the current fiscal year, it is $3.30 on revenues of $107.24 million [4] Industry Context - The Banks - Southwest industry, to which ACNB belongs, is currently in the top 18% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - First Foundation, another company in the same industry, is expected to report a quarterly loss of $0.21 per share, reflecting a significant year-over-year decline of -520% [5]

Core Insights - ACNB Corporation reported a net income of $7.2 million, or $0.84 diluted earnings per share, for Q3 2024, a decrease from $9.0 million, or $1.06 per share in Q3 2023, and $11.3 million, or $1.32 per share in Q2 2024, impacted by $1.1 million in merger-related expenses due to the pending acquisition of Traditions Bancorp, Inc. [1][2] Financial Performance - Return on average assets was 1.17% and return on average equity was 9.63% for Q3 2024, with core return on average assets at 1.32% and core return on average equity at 10.81% [2]. - Fully taxable equivalent (FTE) net interest margin was 3.77% for Q3 2024, down from 4.01% in Q3 2023 and 3.82% in Q2 2024 [2][3]. - Noninterest income increased to $6.8 million, an 8.5% rise from Q3 2023, driven by wealth management and insurance commissions [4]. Asset Quality - Total loans outstanding were $1.68 billion at September 30, 2024, a slight decrease of 0.1% from Q2 2024 but an increase of 3.8% from Q3 2023 [7]. - Non-performing loans increased to $6.6 million, or 0.39% of total loans, compared to 0.19% in Q2 2024 and 0.22% in Q3 2023, primarily due to one commercial relationship in the healthcare sector [7][8]. Capital and Equity - Total stockholders' equity rose to $306.8 million at September 30, 2024, compared to $289.3 million at June 30, 2024, and $255.6 million at September 30, 2023 [9]. - Tangible book value per share increased to $29.90 from $27.82 in Q2 2024 and $23.80 in Q3 2023 [9]. Deposits and Borrowings - Total deposits were $1.79 billion, a decrease of 2.6% from Q2 2024 and 8.2% from Q3 2023 [8]. - Total borrowings decreased to $293.1 million, down 3.7% from Q2 2024 but up 91.1% from Q3 2023 [8].

Financial Performance - ACNB Corporation reported net income of $7.2 million, or $0.84 diluted earnings per share, for Q3 2024, down from $9.0 million, or $1.06 per share in Q3 2023[1]. - Net income for Q3 2024 reached $7,204 thousand, compared to $6,768 thousand in Q2 2024, reflecting a growth of 6.43%[21]. - Net Income for Q3 2024 decreased to $7,204,000, down 20.4% from $9,044,000 in Q3 2023[24]. - Basic earnings per share for Q3 2024 were $0.85, compared to $1.06 in Q3 2023, reflecting a decline of 19.8%[24]. - The company reported a core net income of $8,083 thousand for the three months ended September 30, 2024[29]. Income and Expenses - Net interest income for Q3 2024 was $20.9 million, a decrease of $803 thousand, or 3.7%, compared to Q3 2023, driven by a decrease in the fully taxable equivalent net interest margin[6]. - Noninterest income increased by $536 thousand, or 8.5%, to $6.8 million in Q3 2024 compared to Q3 2023, with wealth management income rising to $1.2 million[8]. - Noninterest expense rose to $18.2 million, an increase of $1.9 million, or 11.7%, from Q3 2023, primarily due to merger-related expenses and higher salaries[10]. - Total Noninterest Income increased to $6,833,000 in Q3 2024, up 8.5% from $6,297,000 in Q3 2023[24]. - Total Noninterest Expenses rose to $18,244,000 in Q3 2024, an increase of 11.7% from $16,336,000 in Q3 2023[24]. Asset and Loan Management - Total loans outstanding were $1.68 billion at September 30, 2024, a decrease of $2.5 million, or 0.1%, from June 30, 2024, but an increase of $61.1 million, or 3.8%, from September 30, 2023[12]. - Total loans amounted to $1,681,280,000, with a taxable yield of 5.68% for the quarter ended September 30, 2024, compared to 5.66% in the prior quarter[25]. - Total loans, net of unearned income, stood at $1,677,112 thousand, a marginal increase from $1,664,980 thousand in the previous quarter[21]. - Total loans increased to $1,665,681 thousand as of September 30, 2024, from $1,555,347 thousand in the same period last year, a growth of 7.09%[26]. Equity and Dividends - Total stockholders' equity increased to $306.8 million as of September 30, 2024, up from $289.3 million at June 30, 2024, and $255.6 million at September 30, 2023[17]. - The Board of Directors declared a quarterly cash dividend of $0.32 per share, reflecting a $0.02 increase or 6.7% from the same quarter of 2023[17]. - Cash dividends paid per share rose to $0.32 in Q3 2024 from $0.30 in Q2 2024, marking a 6.67% increase[21]. - The company’s total stockholders' equity reached $306,755,000, an increase from $289,331,000 in the previous quarter[23]. Risk Factors and Forward-Looking Statements - The company faces risks including economic conditions, regulatory changes, and competition that may impact future performance[19]. - Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from projections[20]. - Management considers subsequent events that may require adjustments to financial statements up to the filing date with the SEC[20]. Operational Efficiency - The efficiency ratio improved to 60.56% in Q3 2024 from 66.18% in Q2 2024, indicating enhanced operational efficiency[21]. - Efficiency ratio for the three months ended September 30, 2024, was 60.56%, up from 58.61% in the previous quarter, indicating a decline in operational efficiency[27]. Asset Growth - Total assets as of September 30, 2024, increased to $2,420,914 thousand from $2,414,288 thousand as of March 31, 2024, representing a growth of 0.27%[21]. - Total assets for ACNB Corporation as of September 30, 2024, were $2,440,116,000, showing a slight increase from $2,439,298,000 in the previous quarter[25]. - Total assets increased to $2,436,169 thousand as of September 30, 2024, compared to $2,387,403 thousand in the same period last year, reflecting a growth of 2.04%[26].

GETTYSBURG, Pa., Oct. 16, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.32 per share of ACNB Corporation common stock payable on December 13, 2024, to shareholders of record as of November 29, 2024. This per share amount reflects a 6.7% increase over the $0.30 per share paid in the fourth quarter of 2023. This dividen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-35015 ACNB CORPORATION (Exact name of Registrant as specified in its charter) Pennsylvania 23-2233457 (State or other ...

ACNB (ACNB) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 62.96%. A quarter ago, it was expected that this bank would post earnings of $0.80 per share when it actually produced earnings of $0.80, delivering no surprise. Over the last four quarters, the company has surpassed consensu ...

GETTYSBURG, Pa., July 24, 2024 (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 $11.3 million, or $1.32 diluted earnings per share, for the three months ended June 30, 2024 compared to net income of $9.5 million, or $1.12 diluted earnings per share, for the three months ended June 30, 2023. Compared to the three months ended March 31, 2024, net income and diluted earnings per s ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Jason H. Weber EVP/Treasurer & Chief Financial Officer 717.339.5090 jweber@acnb.com ACNB CORPORATION REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS GETTYSBURG, PA, July 24, 2024 --- ACNB Corporation (NASDAQ: ACNB) ("ACNB" or the "Corporation"), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $11.3 million, or $1.32 diluted earnings per share, for the three months ended June 30, 2024 compared to net in ...

GETTYSBURG, Pa., July 24, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ:ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.32 per share of ACNB Corporation common stock payable on September 13, 2024, to shareholders of record as of August 30, 2024. This per share amount reflects a 14.3% increase over the $0.28 per share paid in the third quarter of 2023. This dividend ...

ACNB (ACNB) shares rallied 5.9% in the last trading session to close at $41.36. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.4% gain over the past four weeks.Shares of ACNB rallied for the seventh straight trading session. Encouraging inflation numbers and cooling employment data have increased the chances of the Federal Reserve cutting the interest rates as early as during the September FOMC meeting. A ...