ACNB reports record third-quarter net income of $15.7 million

GETTYSBURG, PA, October 22, 2026: ACNB Corporation (NASDAQ: ACNB) reported net income of $15.7 million, or $1.55 diluted earnings per share, for the three months ended September 30, 2026. This represents the highest quarterly earnings performance in the company's 169-year history, according to the financial holding company for ACNB Bank and ACNB Insurance Services, Inc. The result compares to net income of $15.2 million, or $1.49 diluted earnings per share, for the three months ended June 30, 2026, and $14.9 million, or $1.42 diluted earnings per share, for the three months ended September 30, 2025.

James P. Helt, ACNB Corporation President and Chief Executive Officer, stated that the results reflect the strength of the community banking franchise and disciplined execution. He noted that the company achieved modest loan growth and solid core funding growth during the quarter, which allowed ACNB to pay off some brokered deposits. Helt also mentioned that while an isolated credit issue occurred during the quarter, overall credit metrics remain sound and consistent with the company's conservative risk management culture.

Financial metrics for the three months ended September 30, 2026 included a return on average assets of 1.87% and a return on average equity of 14.67%. The fully taxable equivalent net interest margin stood at 4.56%, consistent with the margin recorded for the three months ended June 30, 2026, and up from 4.27% for the three months ended September 30, 2025. The tangible common equity to tangible assets ratio was 10.47% at both September 30, 2026 and June 30, 2026, compared to 10.14% at September 30, 2025.

Net interest income totaled $34.8 million for the three months ended September 30, 2026, an increase of $773 thousand from the previous quarter and $2.6 million from the same period in the prior year. These increases were driven primarily by loan growth and new funding at higher rates than maturing assets. The accretion impact of acquisition accounting adjustments from the Traditions Bancorp, Inc. acquisition completed on February 1, 2025, contributed $1.6 million to net interest income for the quarter.

Total noninterest-bearing deposits reached $612.6 million at September 30, 2026, a 2.0% increase from June 30, 2026, equating to an annualized growth rate of 8.17%. Average noninterest-bearing deposits increased by $32.0 million from June due to promotional incentives on commercial checking accounts and seasonal municipal deposits. Average loan balances rose by $16.0 million compared to June, driven primarily by growth in the real estate construction portfolio.

During the quarter, ACNB repurchased 11,288 shares of common stock in open market transactions at a weighted average price of $65.01 per share. There are currently 242,404 shares remaining in the active open market repurchase plan. The company paid a regular quarterly cash dividend of $0.42 per share for both the third and second quarters of 2026, an increase of $0.08 or 23.5% over the $0.34 dividend paid in the third quarter of 2025.