---
title: "ACNB Corporation Reports Record 2026 Second Quarter Financial Results | ACNB Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293620914.md"
description: "ACNB Corporation reported record net income of $15.2 million ($1.49 EPS) for Q2 2026, up from $13.7 million in Q1 and $11.6 million in Q2 2025. Key highlights include a 1.85% return on average assets, 4.56% FTE net interest margin, and total loans reaching $2.40 billion. The company repurchased shares, increased its regular quarterly dividend by 10.5%, and paid a special dividend of $0.50 per share, citing strong execution of strategic priorities."
datetime: "2026-07-23T04:50:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293620914.md)
  - [en](https://longbridge.com/en/news/293620914.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293620914.md)
generator: "portal-rs"
---

# ACNB Corporation Reports Record 2026 Second Quarter Financial Results | ACNB Stock News

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GETTYSBURG, Pa., July 23, 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 $15.2 million, or $1.49 diluted earnings per share, for the three months ended June 30, 2026 compared to net income of $13.7 million, or $1.32 diluted earnings per share, for the three months ended March 31, 2026 and compared to net income of $11.6 million, or $1.11 diluted earnings per share, for the three months ended June 30, 2025. The financial results for the three months ended June 30, 2025 were impacted by after-tax merger-related expenses of $1.5 million related to the acquisition of Traditions Bancorp, Inc. which was completed on February 1, 2025 (“Acquisition”).

**2026 Second Quarter Highlights**

-   Return on average assets was 1.85% and return on average equity was 14.54% for the three months ended June 30, 2026
-   Fully taxable equivalent (“FTE”) net interest margin was 4.56% for the three months ended June 30, 2026 compared to 4.46% for the three months ended March 31, 2026 and 4.21% for the three months ended June 30, 2025
-   Total loans outstanding were $2.40 billion at June 30, 2026, an increase of 2.1% from March 31, 2026; equating to an annualized growth rate of 8.6%
-   Total noninterest-bearing deposits were $600.7 million at June 30, 2026, an increase of 4.3% from March 31, 2026; equating to an annualized growth rate of 18.3%
-   Tangible common equity to tangible assets ratio1 of 10.47% at June 30, 2026 compared to 10.67% at March 31, 2026 and 9.65% at June 30, 2025
-   ACNB repurchased 179,407 shares of ACNB common stock in open market transactions during the three months ended June 30, 2026 at a weighted average price of $50.79 per share. There are 253,692 shares remaining in the current plan
-   ACNB paid a regular quarterly cash dividend of $0.42 during the three months ended June 30, 2026, a 10.5% increase, or $0.04, over the $0.38 cash dividend paid during the three months ended March 31, 2026, and a 23.5% increase over the $0.34 paid during the three months ended June 30, 2025. In addition to the regular dividend, ACNB paid a one-time special cash dividend of $0.50 per share during the three months ended June 30, 2026

“Our record setting second quarter performance reflects the successful execution of our strategic priorities and the strength of our balanced business model. Record earnings, strong loan production, stable asset quality, and robust noninterest-bearing deposit growth demonstrate the resilience of our franchise and our ability to deliver consistent value for our shareholders,” said James P. Helt, ACNB Corporation President and Chief Executive Officer.

“During the quarter, we were pleased to increase our regular quarterly cash dividend, declare a special dividend and continue our share repurchase program, reflecting both our strong financial position and confidence in the long-term outlook for the Company. These results are driven by the exceptional commitment of our employees, whose focus on serving our customers and communities continues to differentiate our organization. Their dedication to executing our strategic plan enables us to deepen customer relationships, capitalize on growth opportunities, and strengthen our competitive position.”

Mr. Helt continued, “As we look ahead, we remain committed to disciplined growth, prudent risk management, and delivering sustainable long-term shareholder value while advancing our vision of being the financial provider of choice in the markets we serve.”

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.

**Net Interest Income and Margin**

Net interest income for the three months ended June 30, 2026 totaled 

$34.0 million

, an increase of 

$1.5 million

from the three months ended March 31, 2026 and an increase of 

$3.0 million

from the three months ended June 30, 2025. The increases were driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs. In addition, the yield on investment securities during the quarter compared to the same quarter in the prior year was impacted by a repositioning of the investment securities portfolio completed during the three months ended December 31, 2025. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was 

$1.8 million

, 

$1.9 million

and 

$2.2 million

for the three months ended June 30, 2026, the three months ended March 31, 2026 and the three months ended June 30, 2025, respectively.

**Three Months Ended**

**June 2026 vs.**  
**March 2026  
Variance**

**June 2026 vs.  
June 2025**  
**Variance**

**June 30, 2026**

**March 31, 2026**

**June 30, 2025**

*(Dollars in thousands)*

**Average Balance**

**Yield/**  
**Rate**

**Average Balance**

**Yield/**  
**Rate**

**Average Balance**

**Yield/**  
**Rate**

**Average Balance**

**Yield/**  
**Rate**

**Average Balance**

**Yield/**  
**Rate**

**ASSETS**

Total Loans1

**$**

**2,401,287**

**6.40**

**%**

$

2,346,807

6.35

%

$

2,355,332

6.29

%

$

54,480

0.05

%

$

45,955

0.11

%

Total Investments2

**546,267**

**3.68**

550,257

3.66

537,194

2.95

(3,990

)

0.02

9,073

0.73

Total Earning Assets

**3,003,725**

**5.86**

2,973,833

5.78

2,969,874

5.64

29,892

0.08

33,851

0.22

Total Assets

**3,289,674**

3,255,013

3,258,512

34,661

31,162

**LIABILITIES**

Total Interest-Bearing Deposits

**$**

**1,951,477**

**1.36**

**%**

$

1,914,287

1.35

%

$

1,965,483

1.49

%

$

37,190

0.01

%

$

(14,006

)

(0.13

)%

Noninterest-bearing demand deposits

**583,453**

554,591

563,321

28,862

20,132

Total Borrowings

**288,304**

**4.27**

318,442

4.24

299,862

4.39

(30,138

)

0.03

(11,558

)

(0.12

)

Total Interest-Bearing Liabilities

**2,239,781**

**1.73**

2,232,729

1.77

2,265,345

1.87

7,052

(0.04

)

(25,564

)

(0.14

)

Total Liabilities and Stockholders’ Equity

**3,289,674**

3,255,013

3,258,512

34,661

31,162

FTE Net Interest Margin

**4.56**

**%**

4.46

%

4.21

%

0.10

%

0.35

%

**Three months ended June 30, 2026 compared to three months ended March 31, 2026**

The FTE net interest margin increased 10 basis points from the three months ended March 31, 2026 driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs.

-   Average loan balances increased $54.5 million, driven primarily by growth in the commercial real estate portfolio
-   The yields on average loans and average investment securities increased 5 and 2 basis points, respectively, driven primarily by new loans and investment securities funded during the quarter at higher rates than those that paid off or matured
-   Average noninterest-bearing deposits increased $28.9 million driven primarily by promotional incentives on commercial checking accounts

**Three months ended June 30, 2026 compared to three months ended June 30, 2025**

The FTE net interest margin increased 35 basis points from the three months ended June 30, 2025 driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs. In addition, the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025 contributed to higher yields.

-   Average loan balances increased $46.0 million driven primarily by growth in the commercial real estate portfolio
-   The yields on average loans and average investment securities increased 11 and 73 basis points, respectively, driven primarily by new loans and investment securities funded during the quarter at higher rates than those that paid off or matured and the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025
-   Average noninterest-bearing deposits increased $20.1 million driven primarily by promotional incentives on commercial checking accounts
-   Average interest-bearing deposits decreased $14.0 million primarily as a result of attrition of higher cost money market deposits from the Acquisition

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Average balances include non-accrual loans and are net of unearned income.  
2 Average balances of investment securities is computed at fair value.

**Noninterest Income**

**Three Months Ended**

**June 2026 vs.  
March 2026  
Variance**

**June 2026 vs.  
June 2025  
Variance**

*(In thousands)*

**June 30,**  
**2026**

**March 31,**  
**2026**

**June 30,**  
**2025**

**$**

**%**

**$**

**%**

Insurance commissions

**$**

**2,991**

$

2,128

$

2,908

$

863

40.6

%

$

83

2.9

%

Gain from mortgage loans held for sale

**1,463**

1,226

1,575

237

19.3

(112

)

(7.1

)

Service charges on deposits

**1,243**

1,235

1,179

8

0.6

64

5.4

Wealth management

**1,191**

1,160

1,090

31

2.7

101

9.3

ATM debit card charges

**933**

906

905

27

3.0

28

3.1

Earnings on investment in bank-owned life insurance

**756**

737

627

19

2.6

129

20.6

Gain on assets held for sale

**—**

177

—

(177

)

(100.0

)

—

—

Gain on life insurance proceeds

**—**

174

31

(174

)

(100.0

)

(31

)

(100.0

)

Other

**245**

489

342

(244

)

(49.9

)

(97

)

(28.4

)

Net gains on sales or calls of investment securities

**—**

49

22

(49

)

(100.0

)

(22

)

(100.0

)

Net (losses) gain on equity securities

**(4**

**)**

(7

)

3

3

(42.9

)

(7

)

(233.3

)

**Total Noninterest Income**

**$**

**8,818**

$

8,274

$

8,682

$

544

6.6

%

$

136

1.6

%

Explanations for the more significant fluctuations by period and category are detailed below:

**Three months ended June 30, 2026 compared to three months ended March 31, 2026**

-   The increase in insurance commissions was driven primarily by an increase in contingent commission income received during the three months ended June 30, 2026 related to 2025 performance, and, to a lesser extent, new business underwriting and timing of policy renewals
-   The increase in gain from mortgage loans held for sale was driven primarily by seasonally higher loan origination volume in the current quarter
-   The decrease in gain on assets held for sale was the result of the sale of a building in the prior quarter
-   The decrease in gain on life insurance proceeds was the result of a death benefit received in the prior quarter
-   The decrease in other was driven primarily by a gain on a loan participation in the prior quarter

**Three months ended June 30, 2026 compared to three months ended June 30, 2025**

-   The increase in wealth management was driven primarily by assets under management growth due to new business generation and positive market impacts
-   The increase in earnings on investment in bank-owned life insurance was driven primarily by the purchase of new policies in the fourth quarter of 2025
-   The decrease in other was primarily attributable to lower credit card processing and letter of credit fees

**Noninterest Expense**

**Three Months Ended**

**June 2026 vs.  
March 2026  
Variance**

**June 2026 vs.  
June 2025  
Variance**

*(In thousands)*

**June 30,**  
**2026**

**March 31,**  
**2026**

**June 30,**  
**2025**

**$**

**%**

**$**

**%**

Salaries and employee benefits

**$**

**13,761**

$

14,027

$

13,693

$

(266

)

(1.9

)%

$

68

0.5

%

Equipment

**2,552**

2,600

2,539

(48

)

(1.8

)

13

0.5

Net occupancy

**1,209**

1,533

1,277

(324

)

(21.1

)

(68

)

(5.3

)

Intangible assets amortization

**1,028**

1,056

1,141

(28

)

(2.7

)

(113

)

(9.9

)

Professional services

**736**

678

743

58

8.6

(7

)

(0.9

)

Other tax

**317**

577

220

(260

)

(45.1

)

97

44.1

FDIC and regulatory

**459**

442

435

17

3.8

24

5.5

Merger-related

**—**

—

1,943

—

—

(1,943

)

(100.0

)

Other

**3,063**

2,702

3,375

361

13.4

(312

)

(9.2

)

**Total Noninterest Expense**

**$**

**23,125**

$

23,615

$

25,366

$

(490

)

(2.1

)%

$

(2,241

)

(8.8

)%

Explanations for the more significant fluctuations by period and category are detailed below:

**Three months ended June 30, 2026 compared to three months ended March 31, 2026**

-   The decrease in salaries and employee benefits was driven primarily by seasonal expenses related to incentive stock awards and ACNB’s liability for unused vacation days in the prior quarter
-   The decrease in net occupancy was driven primarily by seasonally higher snow removal charges and utility expenses in the prior quarter
-   The decrease in other tax was driven primarily by earned income tax credits received in the current quarter as a result of community investment contributions
-   The increase in other was driven primarily by the community investment contributions

**Three months ended June 30, 2026 compared to three months ended June 30, 2025**

-   The decrease in intangible assets amortization was the result of normal attrition
-   The increase in other tax was driven primarily by asset growth due to the Acquisition
-   The decrease in other was driven primarily by the write-off of stale conversion related items in the prior year
-   The decrease in merger-related was driven by the lack of Acquisition related expenses in the current period

**Loans and Asset Quality**

**Variance**

*(In thousands)*

**June 30, 2026**

**March 31, 2026**

**June 30, 2025**

**June 2026 vs.  
March 2026**

**June 2026 vs.  
June 2025**

**Loans**

Commercial real estate

**$**

**1,333,050**

$

1,301,807

$

1,254,733

$

31,243

$

78,317

Residential mortgage

**602,738**

602,305

594,889

433

7,849

Commercial and industrial

**217,151**

204,714

226,276

12,437

(9,125

)

Home equity lines of credit

**122,164**

126,473

122,546

(4,309

)

(382

)

Real estate construction

**115,091**

106,128

135,023

8,963

(19,932

)

Consumer

**10,105**

9,864

10,253

241

(148

)

Gross loans

**2,400,299**

2,351,291

2,343,720

49,008

56,579

Unearned income

**(2,195**

**)**

(2,046

)

(1,904

)

(149

)

(291

)

**Total loans, net of unearned income**

**$**

**2,398,104**

$

2,349,245

$

2,341,816

$

48,859

$

56,288

**Allowance for credit losses**

**$**

**24,006**

$

23,615

$

24,353

$

391

$

(347

)

**June 30, 2026 compared to March 31, 2026**

-   The $48.9 million increase in total loans from March 31, 2026 was driven primarily by

-   -   Commercial real estate growth of $31.2 million, driven primarily by farmland ($31.1 million) and owner-occupied balances ($12.5 million), partially offset by a decline in non-owner occupied balances ($11.0 million)
    -   Commercial and industrial growth of $12.4 million, driven primarily by three new relationships in the Lancaster and Berks regions
    -   Real estate construction growth of $9.0 million, driven primarily by residential construction and the funding of commitments

-   The allowance for credit losses was $24.0 million, an increase of $391 thousand driven primarily by loan growth
-   Total non-performing loans to total loans, net of unearned income were 0.41% in both quarters

**June 30, 2026 compared to June 30, 2025**

-   The increase in total loans of $56.3 million was driven primarily by commercial real estate growth of
    $78.3 million concentrated in farmland ($49.7 million), multi-family ($29.9 million) and owner-occupied balances ($18.0 million), partially offset by a decline in non-owner occupied balances ($21.2 million)
-   The allowance for credit losses decreased by $347 thousand driven primarily by the paydown of loans with specific reserves
-   Total non-performing loans to total loans, net of unearned income was 0.41% compared to 0.43%

**Deposits**

**Variance**

*(In thousands)*

**June 30, 2026**

**March 31, 2026**

**June 30, 2025**

**June 2026 vs.  
March 2026**

**June 2026 vs.  
June 2025**

Noninterest-bearing demand deposits

**$**

**600,711**

$

576,056

$

568,301

$

24,655

$

32,410

Interest-bearing demand deposits

**636,551**

625,363

604,854

11,188

31,697

Money market

**481,015**

497,031

531,738

(16,016

)

(50,723

)

Savings

**336,504**

338,763

339,179

(2,259

)

(2,675

)

Total demand and savings

**2,054,781**

2,037,213

2,044,072

17,568

10,709

Time

**480,895**

488,559

480,469

(7,664

)

426

**Total deposits**

**$**

**2,535,676**

$

2,525,772

$

2,524,541

$

9,904

$

11,135

**June 30, 2026 compared to March 31, 2026**

-   The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts
-   The increase in interest-bearing demand deposits was driven primarily by an influx of seasonal deposits
-   The decrease in money market balances was driven primarily by attrition of higher cost money market deposits from the Acquisition
-   The decrease in time deposits was driven primarily by the pay down of $14.1 million of brokered deposits partially offset by growth in retail time deposits

**June 30, 2026 compared to June 30, 2025**

-   The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts
-   The increase in interest-bearing demand deposits was driven primarily by growth in commercial and retail balances and accounts due to new customer relationships acquired through promotional incentives
-   The decrease in money market balances was driven primarily by attrition of higher cost money market deposits from the Acquisition

**Borrowings**

Total borrowings were $323.1 million at June 30, 2026, an increase of $43.9 million and $24.7 million compared to March 31, 2026 and June 30, 2025, respectively. The increases were to fund loan growth.

**Stockholders’ Equity**

Total stockholders’ equity was $423.3 million at June 30, 2026 compared to $425.5 million at March 31, 2026 and $395.2 million at June 30, 2025. The decrease at June 30, 2026 compared to March 31, 2026 was driven primarily by dividends paid of $9.3 million and common stock repurchases of $9.2 million, partially offset by net income of $15.2 million. The increase at June 30, 2026 compared to June 30, 2025 was driven primarily by growth in retained earnings and changes in unrealized losses in available for sale investment securities. Tangible book value1 per share was $33.42, $32.99 and $29.30 at June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.

**About ACNB Corporation**

ACNB Corporation, headquartered in Gettysburg, PA, is the independent 

$3.32 billion

financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. 

*SAFE HARBOR AND FORWARD-LOOKING STATEMENTS - Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation's consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.*

ACNB #2026-10  
July 23, 2026

**ACNB Corporation Financial Highlights**  
**Selected Financial Data by Respective Quarter End**  
**(Unaudited)**  

*(Dollars in thousands, except per share data)*

**June 30, 2026**

**March 31, 2026**

**December 31, 2025**

**September 30, 2025**

**June 30, 2025**

**BALANCE SHEET DATA**

Total assets

**$**

**3,318,863**

$

3,269,864

$

3,228,126

$

3,250,838

$

3,259,528

Investment securities

**529,774**

535,760

531,131

526,570

520,758

Total loans, net of unearned income

**2,398,104**

2,349,245

2,330,514

2,336,605

2,341,816

Allowance for credit losses

**(24,006**

**)**

(23,615

)

(23,672

)

(23,660

)

(24,353

)

Deposits

**2,535,676**

2,525,772

2,450,185

2,465,896

2,524,541

Allowance for unfunded commitments

**1,711**

1,818

1,831

1,384

1,529

Borrowings

**323,143**

279,215

320,116

335,833

298,395

Stockholders’ equity

**423,279**

425,476

419,974

408,642

395,151

**INCOME STATEMENT DATA**

Interest and dividend income

**$**

**43,685**

$

42,232

$

42,856

$

42,490

$

41,576

Interest expense

**9,683**

9,717

10,005

10,353

10,564

Net interest income

**34,002**

32,515

32,851

32,137

31,012

Provision for (reversal of) credit losses

**554**

(76

)

106

(584

)

(228

)

(Reversal of) provision for unfunded commitments

**(107**

**)**

(13

)

447

(145

)

(354

)

Net interest income after provision for (reversal of) credit losses and unfunded commitments

**33,555**

32,604

32,298

32,866

31,594

Noninterest income

**8,818**

8,274

4,332

8,411

8,682

Noninterest expenses

**23,125**

23,615

23,453

22,361

25,366

Income before income taxes

**19,248**

17,263

13,177

18,916

14,910

Income tax expense

**4,034**

3,560

2,372

4,046

3,262

Net income

**$**

**15,214**

$

13,703

$

10,805

$

14,870

$

11,648

**PROFITABILITY RATIOS**

Total loans, net of unearned income to deposits

**94.57**

**%**

93.01

%

95.12

%

94.76

%

92.76

%

Return on average assets (annualized)

**1.85**

1.71

1.30

1.80

1.43

Return on average equity (annualized)

**14.54**

12.97

10.31

14.66

11.96

Efficiency ratio1

**51.60**

55.84

53.39

51.96

56.21

FTE Net interest margin

**4.56**

4.46

4.36

4.27

4.21

Yield on average earning assets

**5.86**

5.78

5.69

5.64

5.64

Yield on investment securities

**3.68**

3.66

3.17

3.03

2.95

Yield on total loans

**6.40**

6.35

6.33

6.29

6.29

Cost of funds

**1.38**

1.41

1.40

1.45

1.50

**PER SHARE DATA**

Diluted earnings per share

**$**

**1.49**

$

1.32

$

1.04

$

1.42

$

1.11

Cash dividends paid per share

**0.92**

0.38

0.38

0.34

0.34

Tangible book value per share1

**33.42**

32.99

32.22

30.87

29.30

**CAPITAL RATIOS****2**

Tier 1 leverage ratio

**11.55**

**%**

11.74

%

11.40

%

11.22

%

10.97

%

Common equity tier 1 ratio

**14.49**

14.92

14.74

14.45

13.96

Tier 1 risk based capital ratio

**14.71**

15.14

14.96

14.67

14.17

Total risk based capital ratio

**16.25**

16.73

16.54

16.22

15.75

**CREDIT QUALITY**

Net charge-offs (recoveries) to average loans outstanding (annualized)

**0.03**

**%**

(0.00

)%

0.02

%

0.02

%

0.01

%

Total non-performing loans to total loans, net of unearned income3

**0.41**

0.41

0.46

0.43

0.43

Total non-performing assets to total assets4

**0.31**

0.29

0.33

0.31

0.31

Allowance for credit losses to total loans, net of unearned income

**1.00**

1.01

1.02

1.01

1.04

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.  
2 Regulatory capital ratios as of June 30, 2026 are preliminary.  
3 Non-performing loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest.  
4 Non-performing assets consists of non-performing loans and foreclosed assets held for resale.

**Consolidated Statements of Condition  
(Unaudited)**

*(Dollars in thousands, except per share data)*

**June 30, 2026**

**March 31, 2026**

**June 30, 2025**

**ASSETS**

Cash and due from banks

**$**

**27,995**

$

25,649

$

32,834

Interest-bearing deposits with banks

**53,840**

67,986

70,275

Total Cash and Cash Equivalents

**81,835**

93,635

103,109

Equity securities with readily determinable fair values

**938**

942

936

Investment securities available for sale, at estimated fair value

**466,216**

471,659

455,317

Investment securities held to maturity, at amortized cost

(fair value $56,576, $56,248 and $56,420)

**62,620**

63,159

64,505

Loans held for sale

**33,528**

15,155

16,455

Total loans, net of unearned income

**2,398,104**

2,349,245

2,341,816

Less: Allowance for credit losses

**(24,006**

**)**

(23,615

)

(24,353

)

Loans, net

**2,374,098**

2,325,630

2,317,463

Premises and equipment, net

**27,982**

30,373

31,581

Right of use asset

**3,920**

4,053

4,657

Restricted investment in bank stocks

**14,290**

12,574

13,533

Investment in bank-owned life insurance

**106,423**

105,667

96,104

Investments in low-income housing partnerships

**689**

720

814

Goodwill

**64,449**

64,449

64,449

Intangible assets, net

**20,351**

21,379

24,694

Assets held for sale

**2,346**

—

**—**

Other assets

**59,178**

60,469

65,911

**Total Assets**

**$**

**3,318,863**

$

3,269,864

$

3,259,528

**LIABILITIES AND STOCKHOLDERS’ EQUITY**

Deposits:

Noninterest-bearing

**$**

**600,711**

$

576,056

$

568,301

Interest-bearing

**1,934,965**

1,949,716

1,956,240

Total Deposits

**2,535,676**

2,525,772

2,524,541

Short-term borrowings

**108,259**

63,828

43,041

Long-term borrowings

**214,884**

215,387

255,354

Lease liability

**4,218**

4,352

4,946

Allowance for unfunded commitments

**1,711**

1,818

1,529

Other liabilities

**30,836**

33,231

34,966

**Total Liabilities**

**2,895,584**

2,844,388

2,864,377

Stockholders’ Equity:

Preferred Stock, $2.50 par value, 20,000,000 shares authorized;  
no shares outstanding at June 30, 2026, March 31, 2026 and June 30, 2025

**—**

—

—

Common stock, $2.50 par value, 40,000,000, 20,000,000, and 20,000,000  
shares authorized; 11,079,210, 11,068,063, and 11,017,121 shares issued;  
10,169,930, 10,338,190, and 10,478,149 shares outstanding at June 30,2026, March 31, 2026 and June 30, 2025, respectively

**27,692**

27,664

27,539

Treasury stock, at cost, 909,280, 729,873,  
and 538,972 at June 30, 2026,

March 31, 2026, and June 30, 2025, respectively

**(35,114**

**)**

(25,927

)

(17,167

)

Additional paid-in capital

**181,107**

180,132

178,553

Retained earnings

**272,965**

267,066

239,077

Accumulated other comprehensive loss

**(23,371**

**)**

(23,459

)

(32,851

)

**Total Stockholders’ Equity**

**423,279**

425,476

395,151

**Total Liabilities and Stockholders’ Equity**

**$**

**3,318,863**

$

3,269,864

$

3,259,528

**Consolidated Income Statements**  
**(Unaudited)**

**Three Months Ended June 30,**

**Six Months Ended June 30,**

*(Dollars in thousands, except per share data)*

**2026**

**2025**

**2026**

**2025**

**INTEREST AND DIVIDEND INCOME**

Loans, including fees:

Taxable

**$**

**37,883**

$

36,555

**$**

**74,185**

$

68,231

Tax-exempt

**349**

317

**687**

609

Investment securities:

Taxable

**4,343**

3,283

**8,584**

6,185

Tax-exempt

**320**

283

**634**

571

Dividends

**266**

307

**600**

647

Other

**524**

831

**1,227**

1,623

**Total Interest and Dividend Income**

**43,685**

41,576

**85,917**

77,866

**INTEREST EXPENSE**

Deposits

**6,614**

7,284

**13,001**

13,280

Short-term borrowings

**552**

341

**1,115**

635

Long-term borrowings

**2,517**

2,939

**5,284**

5,849

**Total Interest Expense**

**9,683**

10,564

**19,400**

19,764

**Net Interest Income**

**34,002**

31,012

**66,517**

58,102

Provision for (reversal of) credit losses

**554**

(228

)

**478**

5,740

Reversal of provision for unfunded commitments

**(107**

**)**

(354

)

**(120**

**)**

(834

)

**Net Interest Income after Provision for (Reversal of) Credit Losses and Unfunded Commitments**

**33,555**

31,594

**66,159**

53,196

**NONINTEREST INCOME**

Insurance commissions

**2,991**

2,908

**5,119**

5,055

Gain from mortgage loans held for sale

**1,463**

1,575

**2,689**

2,430

Service charges on deposits

**1,243**

1,179

**2,478**

2,273

Wealth management

**1,191**

1,090

**2,351**

2,150

ATM debit card charges

**933**

905

**1,839**

1,736

Earnings on investment in bank-owned life insurance

**756**

627

**1,493**

1,207

Gain on assets held for sale

**—**

—

**177**

—

Gain on life insurance proceeds

**—**

31

**174**

285

Other

**245**

342

**734**

691

Net gains on sales or calls of investment securities

**—**

22

**49**

22

Net (losses) gains on equity securities

**(4**

**)**

3

**(11**

**)**

17

**Total Noninterest Income**

**8,818**

8,682

**17,092**

15,866

**NONINTEREST EXPENSES**

Salaries and employee benefits

**13,761**

13,693

**27,788**

26,554

Equipment

**2,552**

2,539

**5,152**

4,819

Net occupancy

**1,209**

1,277

**2,742**

2,719

Intangible assets amortization

**1,028**

1,141

**2,084**

1,998

Professional services

**736**

743

**1,414**

1,320

Other tax

**317**

220

**894**

747

FDIC and regulatory

**459**

435

**901**

836

Merger-related

**—**

1,943

**—**

9,974

Other

**3,063**

3,375

**5,765**

5,734

**Total Noninterest Expenses**

**23,125**

25,366

**46,740**

54,701

**Income Before Income Taxes**

**19,248**

14,910

**36,511**

14,361

Income tax expense

**4,034**

3,262

**7,594**

2,985

**Net Income**

**$**

**15,214**

$

11,648

**$**

**28,917**

$

11,376

**PER SHARE DATA**

Basic earnings

**$**

**1.50**

$

1.11

**$**

**2.82**

$

1.12

Diluted earnings

**$**

**1.49**

$

1.11

**$**

**2.81**

$

1.12

Weighted average shares basic

**10,170,860**

10,451,469

**10,259,205**

10,130,666

Weighted average shares diluted

**10,212,225**

10,487,519

**10,288,802**

10,157,331

**Average Balances, Income and Expenses, Yields and Rates**  

**Three Months Ended**

**Three Months Ended**

**Three Months Ended**

**Three Months Ended**

**Three Months Ended**

**June 30, 2026**

**March 31, 2026**

**December 31, 2025**

**September 30, 2025**

**June 30, 2025**

*(Dollars in thousands)*

**Average Balance**

**Interest****1**

**Yield/**  
**Rate**

**Average Balance**

**Interest****1**

**Yield/**  
**Rate**

**Average Balance**

**Interest****1**

**Yield/**  
**Rate**

**Average Balance**

**Interest****1**

**Yield/**  
**Rate**

**Average Balance**

**Interest****1**

**Yield/**  
**Rate**

**ASSETS**  
Loans:

Taxable

**$**

**2,345,905**

**$**

**37,883**

**6.48**

**%**

$

2,290,463

$

36,302

6.43

%

$

2,305,296

$

37,293

6.42

%

$

2,298,054

$

36,961

6.38

%

$

2,296,429

$

36,555

6.38

%

Tax-exempt

**55,382**

**442**

**3.20**

56,344

428

3.08

58,740

434

2.93

58,587

410

2.78

58,903

401

2.73

**Total Loans****2**

**2,401,287**

**38,325**

**6.40**

2,346,807

36,730

6.35

2,364,036

37,727

6.33

2,356,641

37,371

6.29

2,355,332

36,956

6.29

Investment Securities:

Taxable

**490,321**

**4,609**

**3.77**

494,221

4,575

3.75

480,987

3,900

3.22

485,309

3,762

3.08

482,933

3,590

2.98

Tax-exempt

**55,946**

**405**

**2.90**

56,036

397

2.87

54,518

376

2.74

53,165

356

2.66

54,261

358

2.65

**Total Investments****3**

**546,267**

**5,014**

**3.68**

550,257

4,972

3.66

535,505

4,276

3.17

538,474

4,118

3.03

537,194

3,948

2.95

Interest-bearing deposits with banks

**56,171**

**524**

**3.74**

76,769

703

3.71

101,846

1,023

3.99

103,290

1,162

4.46

77,348

831

4.31

**Total Earning Assets**

**3,003,725**

**43,863**

**5.86**

2,973,833

42,405

5.78

3,001,387

43,026

5.69

2,998,405

42,651

5.64

2,969,874

41,735

5.64

Cash and due from banks

**25,827**

24,482

25,686

26,709

25,610

Premises and equipment

**28,757**

30,611

31,297

31,514

32,019

Other assets

**254,925**

249,769

250,508

245,899

255,624

Allowance for credit losses

**(23,560**

**)**

(23,682

)

(23,646

)

(24,312

)

(24,615

)

**Total Assets**

**$**

**3,289,674**

$

3,255,013

$

3,285,232

$

3,278,215

$

3,258,512

**LIABILITIES**

Interest-bearing demand deposits

**$**

**650,258**

**$**

**595**

**0.37**

**%**

$

616,311

$

460

0.30

%

$

633,593

$

545

0.34

%

$

616,565

$

570

0.37

%

$

612,812

$

514

0.34

%

Money markets

**489,449**

**2,266**

**1.86**

489,957

2,227

1.84

491,932

2,322

1.87

510,655

2,530

1.97

536,755

2,706

2.02

Savings deposits

**335,451**

**26**

**0.03**

335,398

26

0.03

331,309

27

0.03

335,083

26

0.03

342,327

27

0.03

Time deposits

**476,319**

**3,727**

**3.14**

472,621

3,674

3.15

454,083

3,653

3.19

454,625

3,746

3.27

473,589

4,037

3.42

**Total Interest-Bearing Deposits**

**1,951,477**

**6,614**

**1.36**

1,914,287

6,387

1.35

1,910,917

6,547

1.36

1,916,928

6,872

1.42

1,965,483

7,284

1.49

Short-term borrowings

**73,266**

**552**

**3.02**

74,562

563

3.06

69,326

491

2.81

70,389

513

2.89

44,515

341

3.07

Long-term borrowings

**215,038**

**2,517**

**4.69**

243,880

2,767

4.60

255,369

2,967

4.61

255,358

2,968

4.61

255,347

2,939

4.62

**Total Borrowings**

**288,304**

**3,069**

**4.27**

318,442

3,330

4.24

324,695

3,458

4.23

325,747

3,481

4.24

299,862

3,280

4.39

**Total Interest-Bearing Liabilities**

**2,239,781**

**9,683**

**1.73**

2,232,729

9,717

1.77

2,235,612

10,005

1.78

2,242,675

10,353

1.83

2,265,345

10,564

1.87

Noninterest-bearing demand deposits

**583,453**

554,591

592,956

593,800

563,321

Other liabilities

**46,848**

39,174

40,963

39,397

39,271

Stockholders’ Equity

**419,592**

428,519

415,701

402,343

390,575

**Total Liabilities and Stockholders’ Equity**

**$**

**3,289,674**

$

3,255,013

$

3,285,232

$

3,278,215

$

3,258,512

**Taxable Equivalent Net Interest Income**

**34,180**

32,688

33,021

32,298

31,171

**Taxable Equivalent Adjustment**

**(178**

**)**

(173

)

(170

)

(161

)

(159

)

**Net Interest Income**

**$**

**34,002**

$

32,515

$

32,851

$

32,137

$

31,012

**Cost of Funds**

**1.38**

**%**

1.41

%

1.40

%

1.45

%

1.50

%

**FTE Net Interest Margin**

**4.56**

**%**

4.46

%

4.36

%

4.27

%

4.21

%

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the 21% federal income tax statutory rate.  
2 Average balances include non-accrual loans and are net of unearned income.  
3 Average balances of investment securities is computed at fair value.

**Average Balances, Income and Expenses, Yields and Rates**

**Six Months Ended June 30, 2026**

**Six Months Ended June 30, 2025**

*(Dollars in thousands)*

**Average Balance**

**Interest****1**

**Yield/Rate**

**Average Balance**

**Interest****1**

**Yield/Rate**

**ASSETS**

Loans:

Taxable

**$**

**2,318,337**

**$**

**74,185**

**6.45**

**%**

$

2,188,852

$

68,231

6.29

%

Tax-exempt

**55,860**

**870**

**3.14**

58,438

771

2.66

**Total Loans****2**

**2,374,197**

**75,055**

**6.37**

2,247,290

69,002

6.19

Investment Securities:

Taxable

**492,260**

**9,184**

**3.76**

465,556

6,832

2.96

Tax-exempt

**55,991**

**803**

**2.89**

54,459

723

2.68

**Total Investments****3**

**548,251**

**9,987**

**3.67**

520,015

7,555

2.93

Interest-bearing deposits with banks

**66,413**

**1,227**

**3.73**

75,276

1,623

4.35

**Total Earning Assets**

**2,988,861**

**86,269**

**5.82**

2,842,581

78,180

5.55

Cash and due from banks

**25,158**

23,120

Premises and equipment

**29,679**

30,967

Other assets

**252,362**

240,235

Allowance for credit losses

**(23,621**

**)**

(22,290

)

**Total Assets**

**$**

**3,272,439**

$

3,114,613

**LIABILITIES**

Interest-bearing demand deposits

**$**

**633,426**

**$**

**1,055**

**0.34**

**%**

$

593,185

$

1,038

0.35

%

Money markets

**489,702**

**4,493**

**1.85**

492,273

4,690

1.92

Savings deposits

**335,425**

**52**

**0.03**

336,746

54

0.03

Time deposits

**474,480**

**7,401**

**3.15**

442,343

7,498

3.42

**Total Interest-Bearing Deposits**

**1,933,033**

**13,001**

**1.36**

1,864,547

13,280

1.44

Short-term borrowings

**73,910**

**1,115**

**3.04**

41,634

635

3.08

Long-term borrowings

**229,379**

**5,284**

**4.65**

256,447

5,849

4.60

**Total Borrowings**

**303,289**

**6,399**

**4.25**

298,081

6,484

4.39

**Total Interest-Bearing Liabilities**

**2,236,322**

**19,400**

**1.75**

2,162,628

19,764

1.84

Noninterest-bearing demand deposits

**569,102**

538,282

Other liabilities

**42,984**

38,109

Stockholders’ Equity

**424,031**

375,594

**Total Liabilities and Stockholders’ Equity**

**$**

**3,272,439**

$

3,114,613

**Taxable Equivalent Net Interest Income**

**66,869**

58,416

**Taxable Equivalent Adjustment**

**(352**

**)**

(314

)

**Net Interest Income**

**$**

**66,517**

$

58,102

**Cost of Funds**

**1.39**

**%**

1.48

%

**FTE Net Interest Margin**

**4.51**

**%**

4.14

%

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_  
1 Income on interest-earning assets has been computed on a fully taxable equivalent basis (FTE) using the 

21%

federal income tax statutory rate.  
2 Average balances include non-accrual loans and are net of unearned income.  
3 Average balances of investment securities is computed at fair value.

**Non-GAAP Reconciliation**

**Note:** *The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation’s results of operations and financial condition. These non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation’s industry. Investors should recognize that the Corporation’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other corporations. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety.*

**Three Months Ended**

*(Dollars in thousands, except per share data)*

**June 30, 2026**

**March 31, 2026**

**December 31, 2025**

**September 30, 2025**

**June 30, 2025**

**Tangible book value per share**

Stockholders’ equity

**$**

**423,279**

$

425,476

$

419,974

$

408,642

$

395,151

Less: Goodwill and intangible assets

**(84,800**

**)**

(85,828

)

(86,884

)

(88,014

)

(89,143

)

Tangible common stockholders’ equity (numerator)

**$**

**338,479**

$

339,648

$

333,090

$

320,628

$

306,008

Shares outstanding, less unvested shares, end of period (denominator)

**10,128,565**

10,296,825

10,337,757

10,387,135

10,442,269

Tangible book value per share

**$**

**33.42**

$

32.99

$

32.22

$

30.87

$

29.30

**Tangible common equity to tangible assets (TCE/TA Ratio)**

Tangible common stockholders’ equity (numerator)

**$**

**338,479**

$

339,648

$

333,090

$

320,628

$

306,008

Total assets

**$**

**3,318,863**

$

3,269,864

$

3,228,126

$

3,250,838

$

3,259,528

Less: Goodwill and intangible assets

**(84,800**

**)**

(85,828

)

(86,884

)

(88,014

)

(89,143

)

Total tangible assets (denominator)

**$**

**3,234,063**

$

3,184,036

$

3,141,242

$

3,162,824

$

3,170,385

Tangible common equity to tangible assets

**10.47**

**%**

10.67

%

10.60

%

10.14

%

9.65

%

**Efficiency Ratio**

Noninterest expense

**$**

**23,125**

$

23,615

$

23,453

$

22,361

$

25,366

Less: Intangible amortization

**1,028**

1,056

1,130

1,129

1,141

Less: Merger-related expense

**—**

—

575

169

1,943

Noninterest expense (numerator)

**$**

**22,097**

$

22,559

$

21,748

$

21,063

$

22,282

Net interest income

**$**

**34,002**

$

32,515

$

32,851

$

32,137

$

31,012

Plus: Total noninterest income

**8,818**

8,274

4,332

8,411

8,682

Less: Gain on assets held for sale

**—**

177

—

—

—

Less: Gain on life insurance proceeds

**—**

174

—

—

31

Less: Net gains (losses) on sales or calls of securities

**—**

49

(3,557

)

—

22

Less: Net (losses) gains on equity securities

**(4**

**)**

(7

)

4

9

3

Total revenue (denominator)

**$**

**42,824**

$

40,396

$

40,736

$

40,539

$

39,638

Efficiency ratio

**51.60**

**%**

55.84

%

53.39

%

51.96

%

56.21

%

Contact: 

Jason H. Weber

EVP/Treasurer & Chief Financial Officer

717.339.5090

jweber@acnb.com

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**