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ACNB Corporation - $ACNB STOCK NEWS

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ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, PA. Through its subsidiaries, ACNB Bank and ACNB Insurance Services, Inc., the company provides a wide range of banking, insurance, and financial services to individuals, businesses, and government entities. Originally founded in 1857, ACNB Bank offers traditional banking products such as checking, savings, and money market deposit accounts, as well as commercial and consumer lending products including commercial mortgages, real estate development and construction loans, and personal residential mortgages. ACNB Insurance Services, Inc., a full-service insurance agency operating with licenses in 46 states, provides property, casualty, health, life, and disability insurance solutions.

As of March 31, 2024, ACNB Corporation reported total assets of $2.41 billion, total loans of $1.66 billion, and total deposits of $1.84 billion. The company is dedicated to maintaining strong asset quality, evidenced by a non-performing loan ratio of 0.24% and a tangible common equity to tangible assets ratio of 9.61%. The company's financial performance highlights include a net interest margin of 3.77% and a return on average assets of 1.12% for the first quarter of 2024. ACNB Corporation also declared a quarterly cash dividend of $0.32 per share payable in June 2024, reflecting a 14.2% increase over the previous year.

Recent initiatives by ACNB Corporation include rebranding efforts to unify its subsidiaries under a single brand and strategic moves to enhance its capital base and liquidity. The company continues to focus on executing its strategic plan to remain the independent financial services provider of choice in its markets, delivering value to shareholders, supporting its communities, and meeting customer needs with a comprehensive range of financial products and services.

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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.

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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.
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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.
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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.
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ACNB Corporation (NASDAQ: ACNB) announced a 7.1% increase in their regular quarterly cash dividend to $0.30 per share, resulting in aggregate dividend payments of nearly $2.6 million to shareholders in the first quarter of 2024. This marks the Corporation’s 165th consecutive quarterly cash dividend to shareholders since its formation in 1982. ACNB Corporation is the independent $2.4 billion financial holding company for ACNB Bank and ACNB Insurance Services, Inc., offering banking, wealth management, and insurance services in Pennsylvania and Maryland.
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ACNB Corporation announces financial results for Q3 2023 with a decrease in net income compared to the same period last year. Return on average assets and return on average equity remain strong. Total loans outstanding and non-performing loans show increases. The Corporation plans to invest back into systems and resources and return capital to shareholders.
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ACNB Corporation announces increase in quarterly cash dividend
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ACNB Corporation recognized as one of the Fastest Growing Companies in Central Pennsylvania for 2023
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ACNB Corporation (NASDAQ: ACNB) has declared a regular quarterly cash dividend of $0.28 per share, reflecting a 7.7% increase over the same quarter of 2022. The dividend will result in aggregate dividend payments of approximately $2.4 million to ACNB Corporation shareholders in the third quarter of 2023. ACNB Corporation has paid a $0.26 dividend per common share in the third quarter of 2022. The regular quarterly cash dividends paid to shareholders for the first nine months of 2023 will total $0.84 per common share, resulting in an aggregate of more than $7.2 million paid to shareholders through the first three quarters of 2023.
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FAQ

What services does ACNB Corporation provide?

ACNB Corporation provides banking, insurance, and financial services through its subsidiaries, ACNB Bank and ACNB Insurance Services, Inc. Services include checking, savings, and money market deposit accounts, commercial and consumer lending, and a broad range of insurance products.

Where is ACNB Corporation headquartered?

ACNB Corporation is headquartered in Gettysburg, PA.

What is the recent financial performance of ACNB Corporation?

As of March 31, 2024, ACNB Corporation reported total assets of $2.41 billion, total loans of $1.66 billion, and total deposits of $1.84 billion. The company had a net interest margin of 3.77% and a return on average assets of 1.12% for the first quarter of 2024.

What is the latest dividend announced by ACNB Corporation?

ACNB Corporation declared a quarterly cash dividend of $0.32 per share payable on June 14, 2024, which reflects a 14.2% increase over the same quarter of 2023.

What type of insurance services does ACNB Insurance Services provide?

ACNB Insurance Services offers a broad range of insurance products including property, casualty, health, life, and disability insurance.

What is ACNB Corporation's approach to asset quality?

ACNB Corporation maintains strong asset quality with a non-performing loan ratio of 0.24% as of March 31, 2024, demonstrating effective risk management practices.

What are ACNB Corporation's future strategic goals?

ACNB Corporation aims to remain the independent financial services provider of choice in its communities by building relationships, finding solutions, and enhancing long-term shareholder value.

What are the recent initiatives taken by ACNB Corporation?

Recent initiatives include rebranding efforts to unify its subsidiaries under a single brand, and strategic moves to enhance its capital base and liquidity.

How does ACNB Corporation support its communities?

ACNB Corporation supports its communities by providing comprehensive financial products and services through a network of community banking offices and by maintaining strong relationships with local customers.

In which states is ACNB Insurance Services licensed?

ACNB Insurance Services is licensed to operate in 46 states, offering a wide range of insurance products to personal and commercial clients.

ACNB Corporation

Nasdaq:ACNB

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ACNB Stock Data

265.32M
8.13M
4.28%
33.35%
0.79%
Commercial Banking
Finance and Insurance
Link
United States of America
GETTYSBURG