ACNB Corp - ACNB STOCK NEWS

ACNB reported Q3 2024 net income of $7.2 million ($0.84 per diluted share), down from $9.0 million ($1.06 per share) in Q3 2023 and $11.3 million ($1.32 per share) in Q2 2024. The quarter's results were impacted by $1.1 million in merger-related expenses due to the pending Traditions Bancorp acquisition. Key metrics include a return on average assets of 1.17%, FTE net interest margin of 3.77%, and non-performing loans ratio of 0.39%. Total loans stood at $1.68 billion, while deposits decreased to $1.79 billion. The Board declared a quarterly dividend of $0.32 per share, representing a 6.7% increase over the same quarter of 2023.

ACNB (NASDAQ: ACNB) has announced a regular quarterly cash dividend of $0.32 per share, payable on December 13, 2024, to shareholders of record as of November 29, 2024. This represents a 6.7% increase from the $0.30 per share paid in Q4 2023. The total dividend payout will be approximately $2.7 million for Q4 2024.

ACNB , a $2.4 billion financial holding company based in Gettysburg, PA, owns ACNB Bank and ACNB Insurance Services, Inc. ACNB Bank, founded in 1857, operates 27 community banking offices and two loan offices across Pennsylvania and Maryland. ACNB Insurance Services, Inc. is licensed in 46 states, offering various insurance products through offices in Maryland and Pennsylvania.

ACNB (NASDAQ: ACNB) reported net income of $11.3 million, or $1.32 diluted earnings per share, for Q2 2024, up from $9.5 million, or $1.12 per share, in Q2 2023. Key highlights include:

- Return on average assets: 1.86%
- Return on average equity: 16.12%
- FTE net interest margin: 3.82%, up from 3.77% in Q1 2024
- Total loans: $1.68 billion, up 6.7% year-over-year
- Non-performing loans ratio: 0.19%, down from 0.24% in Q1 2024
- Total deposits: $1.84 billion
- Loan to deposit ratio: 91.35%

The company's capital levels remain strong, and it declared a quarterly cash dividend of $0.32 per share, a 14.3% increase from the previous year.

ACNB (NASDAQ: ACNB) has announced a strategic acquisition of Traditions Bancorp, Inc. (OTCPink: TRBK) in an all-stock transaction valued at $73.5 million. The merger will create a premier community bank with a strong presence in York and Lancaster counties, Pennsylvania. Key points:

- Traditions shareholders will receive 0.7300 shares of ACNB common stock for each Traditions share.
- Three Traditions Board members will join ACNB's Board, with Eugene Draganosky becoming a Vice Chair.
- The combined entity will have pro forma total assets of $3.3 billion, deposits of $2.6 billion, and gross loans of $2.4 billion.
- The transaction is expected to close in Q1 2025, subject to shareholder and regulatory approvals.

This acquisition aligns with ACNB's strategic plan for profitable growth and expansion in key Pennsylvania markets.

ACNB (NASDAQ: ACNB) has announced a 14.3% increase in its quarterly cash dividend, declaring $0.32 per share payable on September 13, 2024, to shareholders of record as of August 30, 2024. This increase from $0.28 per share in Q3 2023 will result in aggregate dividend payments of approximately $2.7 million to shareholders in Q3 2024.

ACNB , a $2.4 billion financial holding company headquartered in Gettysburg, PA, operates through its subsidiaries ACNB Bank and ACNB Insurance Services, Inc. The bank, founded in 1857, offers banking and wealth management services across 26 community banking offices and three loan offices in Pennsylvania and Maryland. ACNB Insurance Services provides a wide range of insurance products in 46 states.

ACNB (NASDAQ: ACNB) has announced the election of Alexandra Chiaruttini to its Boards of Directors and ACNB Bank's Board of Directors. Ms. Chiaruttini, Chief Administrative Officer & General Counsel at the York Water Company, brings legal and public company expertise to the financial institution. Her appointment is expected to enrich the Board and management team with valuable insights.

ACNB reported a net income of $6.8 million, or $0.80 per diluted earnings per share, for the first quarter of 2024, compared to $9.0 million, or $1.06 per share, for the same period in 2023. The company's return on average assets was 1.12% and return on average equity was 9.76%. Total loans increased by $37.0 million, or 2.3%, from the previous quarter. Nonperforming loans to total loans decreased to 0.24% in March 2024. Despite challenges in the economic and financial services industry, ACNB remains focused on executing its strategic plan and providing strong returns to shareholders.

ACNB , a financial holding company, announced a 14.2% increase in its quarterly cash dividend to $0.32 per share, totaling approximately $2.72 million in aggregate dividend payments for the second quarter of 2024. The company's President & CEO cited the increase as a reflection of their financial strength and confidence in future growth.

ACNB Corporation (NASDAQ: ACNB) announced a decrease in net income and diluted earnings per share for the three and twelve months ended December 31, 2023, compared to the same periods in 2022. The financial results were impacted by the repositioning of the investment securities portfolio. Despite this, the return on average assets and return on average equity remained strong. ACNB also reported an increase in total loans, a stable asset quality, and a strong liquidity position. However, noninterest income saw a decrease due to the repositioning of the investment securities portfolio, and the company experienced a decrease in total deposits. The Board of Directors approved a regular quarterly cash dividend of $0.30 per share, reflecting a 7.1% increase over the same quarter of 2023.