ACNB Corporation Reports 2025 Third Quarter Financial Results
ACNB Corporation (NASDAQ: ACNB) reported net income of $14.9 million and diluted EPS of $1.42 for Q3 2025, up from $7.2 million and $0.84 in Q3 2024. FTE net interest margin was 4.27%, ROA 1.80% and ROE 14.66% for the quarter.
The company cited the Feb 1, 2025 acquisition of Traditions as the primary driver of growth: total loans were $2.34 billion and total deposits were $2.47 billion at Sept 30, 2025, increases of $659.5 million and $674.6 million versus Sept 30, 2024. Tangible common equity to tangible assets was 10.14% and the net unrealized loss on AFS securities was $31.0 million.
Capital actions included a declared quarterly cash dividend of $0.38 per share (up 11.8% QoQ) and repurchase of 61,586 shares in Q3 2025.
ACNB Corporation (NASDAQ: ACNB) ha riportato un utile netto di 14,9 milioni di dollari e un utile per azione diluito di 1,42 dollari per il Q3 2025, in aumento rispetto a 7,2 milioni e 0,84 dollari nel Q3 2024. Il margine di interesse netto a pieno impiego (FTE) è stato 4,27%, ROA 1,80% e ROE 14,66% per il trimestre.
L'azienda ha citato l'acquisizione del Traditions del 1 febbraio 2025 come principale motore di crescita: i prestiti totali erano 2,34 miliardi di dollari e i depositi totali 2,47 miliardi di dollari al 30 settembre 2025, aumenti di 659,5 milioni e 674,6 milioni rispetto al 30 settembre 2024. Il patrimonio tangibile comune rispetto agli attivi tangibili era 10,14% e la perdita non realizzata netta sulle obbligazioni AFS era 31,0 milioni di dollari.
Le azioni di capitale hanno incluso un dividendo trimestrale in contanti di 0,38 dollari per azione (in aumento dell'11,8% QoQ) e il riacquisto di 61.586 azioni nel Q3 2025.
ACNB Corporation (NASDAQ: ACNB) informó de un ingreso neto de 14,9 millones de dólares y de un beneficio por acción diluido de 1,42 dólares para el 3T de 2025, frente a 7,2 millones y 0,84 dólares en el 3T de 2024. El margen de interés neto de la FTE fue del 4,27%, ROA del 1,80% y ROE del 14,66% para el trimestre.
La compañía citó la adquisición del Traditions el 1 de febrero de 2025 como el principal impulsor del crecimiento: los préstamos totales fueron de 2,34 mil millones de dólares y los depósitos totales de 2,47 mil millones de dólares al 30 de septiembre de 2025, incrementos de 659,5 millones y 674,6 millones respecto al 30 de septiembre de 2024. El patrimonio tangible común respecto a los activos tangibles fue del 10,14% y la pérdida neta no realizada sobre valores disponibles para la venta fue de 31,0 millones de dólares.
Las acciones de capital incluyeron un dividendo trimestral en efectivo declarado de 0,38 dólares por acción (un 11,8% QoQ) y la recompra de 61.586 acciones en el 3T 2025.
ACNB Corporation (NASDAQ: ACNB) 는 2025년 3분기에 순이익 1490만 달러와 희석 주당순이익 1.42달러를 보고했으며, 2024년 3분기의 720만 달러 및 0.84달러에 비해 상승했다. FTE 순이자마진은 4.27%, ROA 1.80%, ROE 14.66%였다. 회사는 성장의 주요 원인으로 Traditions 인수(2025년 2월 1일) 를 지목했고, 2025년 9월 30일 기준 총 대출은 23억 4천만 달러, 총 예금은 24억 7천만 달러로 각각 2024년 9월 30일 대비 6억 5950만 달러, 6억 7460만 달러 증가했다. 실질 자본(자본)을 자산에 대한 비율은 10.14%였고 AFS 증권의 순손실은 3100만 달러였다. 자본 조치로는 주당 0.38달러의 분기 현금배당( QoQ 대비 11.8% 증가)과 2025년 3분기에 61,586주의 재매입이 포함되었다.
ACNB Corporation (NASDAQ: ACNB) a annoncé un bénéfice net de 14,9 millions de dollars et un BPA dilué de 1,42 dollar pour le T3 2025, en hausse par rapport à 7,2 millions et 0,84 dollar au T3 2024. La marge d'intérêt nete FTE était de 4,27%, le ROA de 1,80% et le ROE de 14,66% pour le trimestre. L'entreprise a attribué l'acquisition du Traditions du 1er février 2025 comme principal moteur de la croissance: les prêts totaux étaient de 2,34 milliards de dollars et les dépôts totaux de 2,47 milliards de dollars au 30 septembre 2025, soit des augmentations de 659,5 millions et 674,6 millions par rapport au 30 septembre 2024. L'équité tangible par rapport à l'actif tangible était de 10,14% et la perte latente nette sur les valeurs disponibles à la vente était de 31,0 millions de dollars. Les actions de capital ont inclus un dividende trimestriel en espèces de 0,38 dollar par action (en hausse de 11,8% QoQ) et le rachat de 61 586 actions au T3 2025.
ACNB Corporation (NASDAQ: ACNB) berichtete im Q3 2025 von einem Nettogewinn von 14,9 Mio. USD und einem verwässerten EPS von 1,42 USD, gegenüber 7,2 Mio. USD bzw. 0,84 USD im Q3 2024. Die FTE-Nettozinssmarge betrug 4,27%, ROA 1,80% und ROE 14,66% für das Quartal. Das Unternehmen führte die Hauptertragsquelle der Wachstums auf die Akquisition von Traditions zum 1. Februar 2025 zurück: Die Gesamtdarlehen betrugen 2,34 Mrd. USD und die Einlagen 2,47 Mrd. USD zum 30. September 2025, Steigerungen um 659,5 Mio. USD bzw. 674,6 Mio. USD gegenüber dem 30. September 2024. Das Verhältnis des tangible common equity zu den tangiblen assets betrug 10,14% und der unrealisierte Nettoverlust auf AFS-Wertpapieren betrug 31,0 Mio. USD. Kapitalmaßnahmen umfassten eine ausgeschüttete vierteljährliche Bardividende von 0,38 USD pro Aktie (QoQ +11,8%) und den Rückkauf von 61.586 Aktien im Q3 2025.
ACNB Corporation (NASDAQ: ACNB) أبلغت عن صافي دخل قدره 14.9 مليون دولار وربح السهم المخفف قدره 1.42 دولار للربع الثالث من 2025، مقارنة بـ 7.2 مليون دولار و0.84 دولار للربع الثالث من 2024. هامش الفائدة الصافي وفق FTE كان 4.27%، ROA 1.80% وROE 14.66% للربع. أشارت الشركة إلى أن استحواذ Traditions في 1 فبراير 2025 كان المحرك الرئيسي للنمو: كانت القروض الإجمالية 2.34 مليار دولار والودائع الإجمالية 2.47 مليار دولار حتى 30 سبتمبر 2025، بزيادات قدرها 659.5 مليون دولار و674.6 مليون دولار مقارنة بـ 30 سبتمبر 2024. نسبة حقوق المساهمين الملموسة إلى الأصول الملموسة كانت 10.14% وكانت الخسارة غير المحققة صافيًا على الأوراق المالية المتاحة للبيع 31.0 مليون دولار. شملت الإجراءات الرأسمالية توزيع أرباح نقدية ربع سنوية قدرها 0.38 دولارًا أمريكيًا للسهم (ارتفاع بنحو 11.8% QoQ) وإعادة شراء 61,586 سهمًا في Q3 2025.
ACNB Corporation（纳斯达克：ACNB） 在2025年第三季度报告净利润为1490万美元，摊薄每股收益为1.42美元，较2024年第三季度的720万美元和0.84美元有所提升。FTE净利差为4.27%，ROA为1.80%，ROE为14.66%。公司将2025年2月1日收购Traditions作为增长的主要驱动因素：截至2025年9月30日，贷款总额为23.4亿美元，总存款为24.7亿美元，较2024年9月30日分别增加了6.595亿美元和6.746亿美元。有形普通股权益对有形资产的比率为10.14%，可供出售证券的净未实现亏损为3100万美元。资本行动包括每股0.38美元的季度现金股息（环比增长11.8%）以及在2025年第三季度回购的61,586股。
- Net income increased to $14.9M in Q3 2025
- Diluted EPS rose to $1.42 in Q3 2025
- FTE net interest margin improved to 4.27%
- Loans grew by $659.5M year-over-year to $2.34B
- Deposits grew by $674.6M year-over-year to $2.47B
- Dividend increased to $0.38 per share (11.8% QoQ)
- Net unrealized loss on AFS securities of $31.0M at Sept 30, 2025
- Tangible common equity ratio declined to 10.14% from 10.74% year-over-year
Insights
Strong quarterly earnings, margin expansion and active capital returns driven largely by the February 1, 2025 acquisition.
ACNB delivered record quarterly net income of
Asset quality stayed stable with non-performing loans at
Watch the next 12 months for three concrete items: the trajectory of realized vs unrealized securities losses and any mark-to-market pressure; the post-acquisition loan performance and allowance trends each quarter; and integration-related cost run-rate normalization versus merger-related savings. These metrics will determine whether the acquisition's benefits sustain or if capital will be needed to address valuation or credit shifts.
GETTYSBURG, Pa., Oct. 23, 2025 (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
- Fully taxable equivalent (“FTE”) net interest margin was
4.27% for the three months ended September 30, 2025 compared to4.21% for the three months ended June 30, 2025 and3.77% for the three months ended September 30, 2024. - Return on average assets was
1.80% and return on average equity was14.66% for the three months ended September 30, 2025. - Total non-performing loans to total loans, net of unearned income, was
0.43% at September 30, 2025 compared to0.43% at June 30, 2025 and0.39% at September 30, 2024. Net charge-offs to average loans outstanding (annualized) were0.02% for the three months ended September 30, 2025 compared to0.01% for the three months ended June 30, 2025 and0.01% for the three months ended September 30, 2024. - Tangible common equity to tangible assets ratio1 of
10.14% at September 30, 2025 compared to9.65% at June 30, 2025 and10.74% at September 30, 2024. The net unrealized loss on the available for sale securities portfolio was$31.0 million at September 30, 2025 compared to a net unrealized loss of$36.2 million at June 30, 2025 and a net unrealized loss of$36.8 million at September 30, 2024. - As announced on Form 8-K on October 22, 2025, the Board of Directors approved and declared a regular quarterly cash dividend of
$0.38 per share of ACNB Corporation common stock for the fourth quarter, reflecting a$0.04 , or11.8% , increase over the prior quarter, and$0.06 , or18.8% , increase over the same period of 2024. - ACNB repurchased 61,586 shares of ACNB common stock in open market transactions for the three months ended September 30, 2025.
____________________
1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.
ACNB’s financial results for the first three quarters of 2025 were impacted by the acquisition of Traditions Bancorp, Inc. (“Traditions”) which was completed on February 1, 2025 (“Acquisition”). The financial results for any periods ended prior to February 1, 2025 reflect ACNB on a standalone basis. As a result, ACNB’s financial results for the three months ended September 30, 2025 may not be directly comparable to prior reported periods.
“We are excited to report strong profitability and record quarterly net income for the third quarter of 2025. These strong results are a reflection of our continued commitment to our community banking business model and the successful acquisition and integration of Traditions Bank earlier in the year. The Acquisition is meeting our expectations operationally, financially and culturally.” said James P. Helt, ACNB Corporation President and Chief Executive Officer.
“This quarter represented continued stable asset quality metrics, increased profitability and active capital management strategies including open market share repurchases and a strong dividend. These results are a direct result of our entire team working toward our vision to be financial services provider of choice in the markets we serve by building relationships and finding solutions.”
Mr. Helt continued, “We now look to finish the year strong by managing through the economic cycles and by continuing to diversify our revenue streams with ACNB Insurance Services, ACNB Wealth Management and Traditions Mortgage. We believe that our strong foundation based on community banking principles combined with the growth opportunities before us through our strategic planning objectives will enable us to continue to provide for long term shareholder growth.”
Net Interest Income and Margin
Net interest income for the three months ended September 30, 2025 totaled
The following discussion of increases in average balances and yields compared to the same period of the prior year was driven primarily by the Acquisition. For the three months ended September 30, 2025, total average loans increased
Noninterest Income
Noninterest income for the three months ended September 30, 2025 was
Noninterest Expense
Noninterest expense for the three months ended September 30, 2025 decreased
Loans and Asset Quality
Total loans outstanding were
Deposits and Borrowings
Deposits totaled
Total borrowings were
Stockholders’ Equity
Total stockholders’ equity was
About ACNB Corporation
ACNB Corporation, headquartered in Gettysburg, PA, is the independent
____________________
1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.
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.
Contact:
Jason H. Weber
EVP/Treasurer &
Chief Financial Officer
717.339.5090
jweber@acnb.com
ACNB #2025-10
October 23, 2025
| ACNB Corporation Financial Highlights Selected Financial Data by Respective Quarter End (Unaudited) | |||||||||||||||
| (Dollars in thousands, except per share data) | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | ||||||||||
| BALANCE SHEET DATA | |||||||||||||||
| Total assets | $ | 3,250,838 | $ | 3,259,528 | $ | 3,270,041 | $ | 2,394,830 | $ | 2,420,914 | |||||
| Investment securities | 526,570 | 520,758 | 521,306 | 459,472 | 483,604 | ||||||||||
| Total loans, net of unearned income | 2,336,605 | 2,341,816 | 2,322,209 | 1,682,910 | 1,677,112 | ||||||||||
| Allowance for credit losses | (23,660 | ) | (24,353 | ) | (24,646 | ) | (17,280 | ) | (17,214 | ) | |||||
| Deposits | 2,465,896 | 2,524,541 | 2,540,009 | 1,792,501 | 1,791,317 | ||||||||||
| Allowance for unfunded commitments | 1,384 | 1,529 | 1,883 | 1,394 | 1,349 | ||||||||||
| Borrowings | 335,833 | 298,395 | 299,531 | 271,159 | 293,091 | ||||||||||
| Stockholders’ equity | 408,642 | 395,151 | 386,883 | 303,273 | 306,755 | ||||||||||
| INCOME STATEMENT DATA | |||||||||||||||
| Interest and dividend income | $ | 42,490 | $ | 41,576 | $ | 36,290 | $ | 27,381 | $ | 27,241 | |||||
| Interest expense | 10,353 | 10,564 | 9,200 | 6,269 | 6,299 | ||||||||||
| Net interest income | 32,137 | 31,012 | 27,090 | 21,112 | 20,942 | ||||||||||
| (Reversal of) provision for credit losses | (584 | ) | (228 | ) | 5,968 | 249 | 81 | ||||||||
| (Reversal of) provision for unfunded commitments | (145 | ) | (354 | ) | (480 | ) | 44 | 40 | |||||||
| Net interest income after (reversal of) provisions for credit losses and unfunded commitments | 32,866 | 31,594 | 21,602 | 20,819 | 20,821 | ||||||||||
| Noninterest income | 8,411 | 8,682 | 7,184 | 5,803 | 6,833 | ||||||||||
| Noninterest expenses | 22,361 | 25,366 | 29,335 | 18,388 | 18,244 | ||||||||||
| Income (loss) before income taxes | 18,916 | 14,910 | (549 | ) | 8,234 | 9,410 | |||||||||
| Income tax expense (benefit) | 4,046 | 3,262 | (277 | ) | 1,639 | 2,206 | |||||||||
| Net income (loss) | $ | 14,870 | $ | 11,648 | $ | (272 | ) | $ | 6,595 | $ | 7,204 | ||||
| PROFITABILITY RATIOS | |||||||||||||||
| Total loans, net of unearned income to deposits | 94.76 | % | 92.76 | % | 91.43 | % | 93.89 | % | 93.62 | % | |||||
| Return on average assets (annualized) | 1.80 | 1.43 | (0.04 | ) | 1.08 | 1.17 | |||||||||
| Return on average equity (annualized) | 14.66 | 11.96 | (0.31 | ) | 8.57 | 9.63 | |||||||||
| Efficiency ratio1 | 51.96 | 56.21 | 60.13 | 63.83 | 60.56 | ||||||||||
| FTE Net interest margin | 4.27 | 4.21 | 4.07 | 3.81 | 3.77 | ||||||||||
| Yield on average earning assets | 5.64 | 5.64 | 5.45 | 4.93 | 4.90 | ||||||||||
| Yield on investment securities | 3.03 | 2.95 | 2.91 | 2.58 | 2.59 | ||||||||||
| Yield on total loans | 6.29 | 6.29 | 6.08 | 5.61 | 5.56 | ||||||||||
| Cost of funds | 1.45 | 1.50 | 1.45 | 1.19 | 1.19 | ||||||||||
| PER SHARE DATA | |||||||||||||||
| Diluted earnings (loss) per share | $ | 1.42 | $ | 1.11 | $ | (0.03 | ) | $ | 0.77 | $ | 0.84 | ||||
| Cash dividends paid per share | 0.34 | 0.34 | 0.32 | 0.32 | 0.32 | ||||||||||
| Tangible book value per share1 | 30.87 | 29.30 | 28.23 | 29.51 | 29.90 | ||||||||||
| CAPITAL RATIOS2 | |||||||||||||||
| Tier 1 leverage ratio | 11.22 | % | 10.97 | % | 11.81 | % | 12.52 | % | 12.46 | % | |||||
| Common equity tier 1 ratio | 14.45 | 13.96 | 13.65 | 16.27 | 16.07 | ||||||||||
| Tier 1 risk based capital ratio | 14.67 | 14.17 | 13.86 | 16.56 | 16.36 | ||||||||||
| Total risk based capital ratio | 16.22 | 15.75 | 15.45 | 18.36 | 18.15 | ||||||||||
| CREDIT QUALITY Net charge-offs to average loans outstanding | |||||||||||||||
| (annualized) | 0.02 | % | 0.01 | % | 0.01 | % | 0.04 | % | 0.01 | % | |||||
| Total non-performing loans to total loans, net of unearned income3 | 0.43 | 0.43 | 0.43 | 0.40 | 0.39 | ||||||||||
| Total non-performing assets to total assets4 | 0.31 | 0.31 | 0.32 | 0.30 | 0.29 | ||||||||||
| Allowance for credit losses to total loans, net of unearned income | 1.01 | 1.04 | 1.06 | 1.03 | 1.03 | ||||||||||
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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 September 30, 2025 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) | September 30, 2025 | June 30, 2025 | September 30, 2024 | ||||||
| ASSETS | |||||||||
| Cash and due from banks | $ | 30,500 | $ | 32,834 | $ | 24,636 | |||
| Interest-bearing deposits with banks | 71,639 | 70,275 | 33,456 | ||||||
| Total Cash and Cash Equivalents | 102,139 | 103,109 | 58,092 | ||||||
| Equity securities with readily determinable fair values | 945 | 936 | 947 | ||||||
| Investment securities available for sale, at estimated fair value | 462,217 | 455,317 | 418,079 | ||||||
| Investment securities held to maturity, at amortized cost (fair value | 63,408 | 64,505 | 64,578 | ||||||
| Loans held for sale | 16,850 | 16,455 | 1,080 | ||||||
| Total loans, net of unearned income | 2,336,605 | 2,341,816 | 1,677,112 | ||||||
| Less: Allowance for credit losses | (23,660 | ) | (24,353 | ) | (17,214 | ) | |||
| Loans, net | 2,312,945 | 2,317,463 | 1,659,898 | ||||||
| Premises and equipment, net | 31,107 | 31,581 | 25,542 | ||||||
| Right of use asset | 4,403 | 4,657 | 2,110 | ||||||
| Restricted investment in bank stocks | 14,462 | 13,533 | 10,853 | ||||||
| Investment in bank-owned life insurance | 96,755 | 96,104 | 81,344 | ||||||
| Investments in low-income housing partnerships | 783 | 814 | 909 | ||||||
| Goodwill | 64,449 | 64,449 | 44,185 | ||||||
| Intangible assets, net | 23,565 | 24,694 | 8,142 | ||||||
| Assets held for sale | 275 | — | — | ||||||
| Foreclosed assets held for resale | 32 | 32 | 406 | ||||||
| Other assets | 56,503 | 65,879 | 44,749 | ||||||
| Total Assets | $ | 3,250,838 | $ | 3,259,528 | $ | 2,420,914 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
| Deposits: | |||||||||
| Noninterest-bearing | $ | 581,697 | $ | 568,301 | $ | 463,501 | |||
| Interest-bearing | 1,884,199 | 1,956,240 | 1,327,816 | ||||||
| Total Deposits | 2,465,896 | 2,524,541 | 1,791,317 | ||||||
| Short-term borrowings | 80,468 | 43,041 | 37,769 | ||||||
| Long-term borrowings | 255,365 | 255,354 | 255,322 | ||||||
| Lease liability | 4,696 | 4,946 | 2,110 | ||||||
| Allowance for unfunded commitments | 1,384 | 1,529 | 1,349 | ||||||
| Other liabilities | 34,387 | 34,966 | 26,292 | ||||||
| Total Liabilities | 2,842,196 | 2,864,377 | 2,114,159 | ||||||
| Stockholders’ Equity: | |||||||||
| Preferred Stock, | — | — | — | ||||||
| Common stock, | 27,555 | 27,539 | 22,344 | ||||||
| Treasury stock, at cost, 600,558, 538,972, and 391,508 at September 30, 2025, June 30, 2025, and September 30, 2024, respectively | (19,875 | ) | (17,167 | ) | (11,203 | ) | |||
| Additional paid-in capital | 179,130 | 178,553 | 98,697 | ||||||
| Retained earnings | 250,410 | 239,077 | 230,752 | ||||||
| Accumulated other comprehensive loss | (28,578 | ) | (32,851 | ) | (33,835 | ) | |||
| Total Stockholders’ Equity | 408,642 | 395,151 | 306,755 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,250,838 | $ | 3,259,528 | $ | 2,420,914 | |||
| Consolidated Income Statements (Unaudited) | |||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||
| (Dollars in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | |||||||
| INTEREST AND DIVIDEND INCOME | |||||||||||
| Loans, including fees: | |||||||||||
| Taxable | $ | 36,961 | $ | 23,108 | $ | 105,192 | $ | 67,253 | |||
| Tax-exempt | 324 | 311 | 933 | 943 | |||||||
| Investment securities: | |||||||||||
| Taxable | 3,430 | 2,617 | 9,615 | 8,193 | |||||||
| Tax-exempt | 281 | 284 | 852 | 852 | |||||||
| Dividends | 332 | 251 | 979 | 739 | |||||||
| Other | 1,162 | 670 | 2,785 | 2,104 | |||||||
| Total Interest and Dividend Income | 42,490 | 27,241 | 120,356 | 80,084 | |||||||
| INTEREST EXPENSE | |||||||||||
| Deposits | 6,872 | 3,112 | 20,152 | 7,915 | |||||||
| Short-term borrowings | 513 | 204 | 1,148 | 847 | |||||||
| Long-term borrowings | 2,968 | 2,983 | 8,817 | 8,823 | |||||||
| Total Interest Expense | 10,353 | 6,299 | 30,117 | 17,585 | |||||||
| Net Interest Income | 32,137 | 20,942 | 90,239 | 62,499 | |||||||
| (Reversal of) provision for credit losses | (584 | ) | 81 | 5,156 | (2,686 | ) | |||||
| (Reversal of) provision for unfunded commitments | (145 | ) | 40 | (979 | ) | (370 | ) | ||||
| Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments | 32,866 | 20,821 | 86,062 | 65,555 | |||||||
| NONINTEREST INCOME | |||||||||||
| Insurance commissions | 2,545 | 2,787 | 7,600 | 7,649 | |||||||
| Service charges on deposits | 1,286 | 1,048 | 3,559 | 3,060 | |||||||
| Wealth management | 1,125 | 1,188 | 3,275 | 3,219 | |||||||
| Gain from mortgage loans held for sale | 1,463 | 112 | 3,893 | 194 | |||||||
| ATM debit card charges | 904 | 828 | 2,640 | 2,488 | |||||||
| Earnings on investment in bank-owned life insurance | 651 | 503 | 1,858 | 1,473 | |||||||
| Gain on life insurance proceeds | — | — | 285 | — | |||||||
| Net gains on sales or calls of investment securities | — | — | 22 | 69 | |||||||
| Net gains on equity securities | 9 | 28 | 26 | 19 | |||||||
| Other | 428 | 339 | 1,119 | 756 | |||||||
| Total Noninterest Income | 8,411 | 6,833 | 24,277 | 18,927 | |||||||
| NONINTEREST EXPENSES | |||||||||||
| Salaries and employee benefits | 13,191 | 11,017 | 39,745 | 32,611 | |||||||
| Equipment | 2,302 | 1,698 | 7,121 | 4,997 | |||||||
| Net occupancy | 1,217 | 945 | 3,936 | 3,066 | |||||||
| Professional services | 588 | 409 | 1,908 | 1,554 | |||||||
| FDIC and regulatory | 457 | 365 | 1,293 | 1,088 | |||||||
| Other tax | 561 | 360 | 1,308 | 1,086 | |||||||
| Intangible assets amortization | 1,129 | 304 | 3,127 | 940 | |||||||
| Merger-related | 169 | 1,137 | 10,143 | 1,160 | |||||||
| Other | 2,747 | 2,009 | 8,481 | 5,795 | |||||||
| Total Noninterest Expenses | 22,361 | 18,244 | 77,062 | 52,297 | |||||||
| Income Before Income Taxes | 18,916 | 9,410 | 33,277 | 32,185 | |||||||
| Income tax expense | 4,046 | 2,206 | 7,031 | 6,934 | |||||||
| Net Income | $ | 14,870 | $ | 7,204 | $ | 26,246 | $ | 25,251 | |||
| PER SHARE DATA | |||||||||||
| Basic earnings | $ | 1.43 | $ | 0.85 | $ | 2.57 | $ | 2.97 | |||
| Diluted earnings | $ | 1.42 | $ | 0.84 | $ | 2.56 | $ | 2.96 | |||
| Weighted average shares basic | 10,419,581 | 8,507,140 | 10,228,029 | 8,500,860 | |||||||
| Weighted average shares diluted | 10,455,461 | 8,545,578 | 10,257,800 | 8,532,691 | |||||||
| Average Balances, Income and Expenses, Yields and Rates | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, 2025 | Three months ended June 30, 2025 | Three months ended March 31, 2025 | Three months ended December 31, 2024 | Three months ended September 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | Average Balance | Interest1 | Yield/ Rate | Average Balance | Interest1 | Yield/ Rate | Average Balance | Interest1 | Yield/ Rate | Average Balance | Interest1 | Yield/ Rate | Average Balance | Interest1 | Yield/ Rate | |||||||||||||||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxable | $ | 2,298,054 | $ | 36,961 | 6.38 | % | $ | 2,296,429 | $ | 36,555 | 6.38 | % | $ | 2,080,231 | $ | 31,676 | 6.18 | % | $ | 1,619,245 | $ | 23,294 | 5.72 | % | $ | 1,618,879 | $ | 23,108 | 5.68 | % | ||||||||||||||||||||
| Tax-exempt | 58,587 | 410 | 2.78 | 58,903 | 401 | 2.73 | 57,969 | 370 | 2.59 | 57,683 | 366 | 2.52 | 62,401 | 394 | 2.51 | |||||||||||||||||||||||||||||||||||
| Total Loans2 | 2,356,641 | 37,371 | 6.29 | 2,355,332 | 36,956 | 6.29 | 2,138,200 | 32,046 | 6.08 | 1,676,928 | 23,660 | 5.61 | 1,681,280 | 23,502 | 5.56 | |||||||||||||||||||||||||||||||||||
| Investment Securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxable | 485,309 | 3,762 | 3.08 | 482,933 | 3,590 | 2.98 | 447,986 | 3,242 | 2.93 | 431,338 | 2,786 | 2.57 | 441,135 | 2,868 | 2.59 | |||||||||||||||||||||||||||||||||||
| Tax-exempt | 53,165 | 356 | 2.66 | 54,261 | 358 | 2.65 | 54,659 | 365 | 2.71 | 54,453 | 359 | 2.62 | 54,549 | 359 | 2.62 | |||||||||||||||||||||||||||||||||||
| Total Investments3 | 538,474 | 4,118 | 3.03 | 537,194 | 3,948 | 2.95 | 502,645 | 3,607 | 2.91 | 485,791 | 3,145 | 2.58 | 495,684 | 3,227 | 2.59 | |||||||||||||||||||||||||||||||||||
| Interest-bearing deposits with banks | 103,290 | 1,162 | 4.46 | 77,348 | 831 | 4.31 | 73,181 | 792 | 4.39 | 60,104 | 728 | 4.82 | 48,794 | 670 | 5.46 | |||||||||||||||||||||||||||||||||||
| Total Earning Assets | 2,998,405 | 42,651 | 5.64 | 2,969,874 | 41,735 | 5.64 | 2,714,026 | 36,445 | 5.45 | 2,222,823 | 27,533 | 4.93 | 2,225,758 | 27,399 | 4.90 | |||||||||||||||||||||||||||||||||||
| Cash and due from banks | 26,709 | 25,610 | 20,603 | 20,413 | 21,684 | |||||||||||||||||||||||||||||||||||||||||||||
| Premises and equipment | 31,514 | 32,019 | 29,903 | 25,679 | 25,716 | |||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 245,899 | 255,624 | 224,522 | 181,180 | 184,105 | |||||||||||||||||||||||||||||||||||||||||||||
| Allowance for credit losses | (24,312 | ) | (24,615 | ) | (19,939 | ) | (17,153 | ) | (17,147 | ) | ||||||||||||||||||||||||||||||||||||||||
| Total Assets | $ | 3,278,215 | $ | 3,258,512 | $ | 2,969,115 | $ | 2,432,942 | $ | 2,440,116 | ||||||||||||||||||||||||||||||||||||||||
| LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing demand deposits | $ | 616,565 | $ | 570 | 0.37 | % | $ | 612,812 | $ | 514 | 0.34 | % | $ | 573,341 | $ | 524 | 0.37 | % | $ | 519,833 | $ | 511 | 0.39 | % | $ | 518,368 | $ | 552 | 0.42 | % | ||||||||||||||||||||
| Money markets | 510,655 | 2,530 | 1.97 | 536,755 | 2,706 | 2.02 | 447,297 | 1,984 | 1.80 | 251,781 | 747 | 1.18 | 246,653 | 692 | 1.12 | |||||||||||||||||||||||||||||||||||
| Savings deposits | 335,083 | 26 | 0.03 | 342,327 | 27 | 0.03 | 331,103 | 27 | 0.03 | 315,512 | 34 | 0.04 | 318,291 | 26 | 0.03 | |||||||||||||||||||||||||||||||||||
| Time deposits | 454,625 | 3,746 | 3.27 | 473,589 | 4,037 | 3.42 | 410,749 | 3,461 | 3.42 | 268,559 | 1,987 | 2.94 | 258,053 | 1,842 | 2.84 | |||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 1,916,928 | 6,872 | 1.42 | 1,965,483 | 7,284 | 1.49 | 1,762,490 | 5,996 | 1.38 | 1,355,685 | 3,279 | 0.96 | 1,341,365 | 3,112 | 0.92 | |||||||||||||||||||||||||||||||||||
| Short-term borrowings | 70,389 | 513 | 2.89 | 44,515 | 341 | 3.07 | 38,721 | 294 | 3.08 | 23,087 | 12 | 0.21 | 38,666 | 204 | 2.10 | |||||||||||||||||||||||||||||||||||
| Long-term borrowings | 255,358 | 2,968 | 4.61 | 255,347 | 2,939 | 4.62 | 257,558 | 2,910 | 4.58 | 255,326 | 2,978 | 4.64 | 255,316 | 2,983 | 4.65 | |||||||||||||||||||||||||||||||||||
| Total Borrowings | 325,747 | 3,481 | 4.24 | 299,862 | 3,280 | 4.39 | 296,279 | 3,204 | 4.39 | 278,413 | 2,990 | 4.27 | 293,982 | 3,187 | 4.31 | |||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Liabilities | 2,242,675 | 10,353 | 1.83 | 2,265,345 | 10,564 | 1.87 | 2,058,769 | 9,200 | 1.81 | 1,634,098 | 6,269 | 1.53 | 1,635,347 | 6,299 | 1.53 | |||||||||||||||||||||||||||||||||||
| Noninterest-bearing demand deposits | 593,800 | 563,321 | 512,966 | 464,949 | 477,350 | |||||||||||||||||||||||||||||||||||||||||||||
| Other liabilities | 39,397 | 39,271 | 36,934 | 27,887 | 29,946 | |||||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ Equity | 402,343 | 390,575 | 360,446 | 306,008 | 297,473 | |||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,278,215 | $ | 3,258,512 | $ | 2,969,115 | $ | 2,432,942 | $ | 2,440,116 | ||||||||||||||||||||||||||||||||||||||||
| Taxable Equivalent Net Interest Income | 32,298 | 31,171 | 27,245 | 21,264 | 21,100 | |||||||||||||||||||||||||||||||||||||||||||||
| Taxable Equivalent Adjustment | (161 | ) | (159 | ) | (155 | ) | (152 | ) | (158 | ) | ||||||||||||||||||||||||||||||||||||||||
| Net Interest Income | $ | 32,137 | $ | 31,012 | $ | 27,090 | $ | 21,112 | $ | 20,942 | ||||||||||||||||||||||||||||||||||||||||
| Cost of Funds | 1.45 | % | 1.50 | % | 1.45 | % | 1.19 | % | 1.19 | % | ||||||||||||||||||||||||||||||||||||||||
| FTE Net Interest Margin | 4.27 | % | 4.21 | % | 4.07 | % | 3.81 | % | 3.77 | % | ||||||||||||||||||||||||||||||||||||||||
____________________
1 Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the
2 Average balances include non-accrual loans and are net of unearned income.
3 Average balances of investment securities is computed at fair value.
| Nine months ended September 30, 2025 | Nine months ended September 30, 2024 | |||||||||||||||||
| (Dollars in thousands) | Average Balance | Interest1 | Yield/ Rate | Average Balance | Interest1 | Yield/ Rate | ||||||||||||
| ASSETS | ||||||||||||||||||
| Loans: | ||||||||||||||||||
| Taxable | $ | 2,225,652 | $ | 105,192 | 6.32 | % | $ | 1,601,520 | $ | 67,253 | 5.61 | % | ||||||
| Tax-exempt | 58,489 | 1,181 | 2.70 | 64,161 | 1,194 | 2.49 | ||||||||||||
| Total Loans2 | 2,284,141 | 106,373 | 6.23 | 1,665,681 | 68,447 | 5.49 | ||||||||||||
| Investment Securities: | ||||||||||||||||||
| Taxable | 472,212 | 10,594 | 3.00 | 450,297 | 8,932 | 2.65 | ||||||||||||
| Tax-exempt | 54,023 | 1,078 | 2.67 | 54,644 | 1,078 | 2.64 | ||||||||||||
| Total Investments3 | 526,235 | 11,672 | 2.97 | 504,941 | 10,010 | 2.65 | ||||||||||||
| Interest-bearing deposits with banks | 84,717 | 2,785 | 4.40 | 51,258 | 2,104 | 5.48 | ||||||||||||
| Total Earning Assets | 2,895,093 | 120,830 | 5.58 | 2,221,880 | 80,561 | 4.84 | ||||||||||||
| Cash and due from banks | 24,330 | 21,091 | ||||||||||||||||
| Premises and equipment | 31,151 | 25,939 | ||||||||||||||||
| Other assets | 242,143 | 186,330 | ||||||||||||||||
| Allowance for credit losses | (22,971 | ) | (19,071 | ) | ||||||||||||||
| Total Assets | $ | 3,169,746 | $ | 2,436,169 | ||||||||||||||
| LIABILITIES | ||||||||||||||||||
| Interest-bearing demand deposits | $ | 601,064 | $ | 1,608 | 0.36 | % | $ | 514,757 | $ | 1,092 | 0.28 | % | ||||||
| Money markets | 498,468 | 7,220 | 1.94 | 247,710 | 1,841 | 0.99 | ||||||||||||
| Savings deposits | 336,185 | 80 | 0.03 | 326,895 | 84 | 0.03 | ||||||||||||
| Time deposits | 446,482 | 11,244 | 3.37 | 255,203 | 4,898 | 2.56 | ||||||||||||
| Total Interest-Bearing Deposits | 1,882,199 | 20,152 | 1.43 | 1,344,565 | 7,915 | 0.79 | ||||||||||||
| Short-term borrowings | 51,324 | 1,148 | 2.99 | 40,993 | 847 | 2.76 | ||||||||||||
| Long-term borrowings | 256,080 | 8,817 | 4.60 | 253,116 | 8,823 | 4.66 | ||||||||||||
| Total Borrowings | 307,404 | 9,965 | 4.33 | 294,109 | 9,670 | 4.39 | ||||||||||||
| Total Interest-Bearing Liabilities | 2,189,603 | 30,117 | 1.84 | 1,638,674 | 17,585 | 1.43 | ||||||||||||
| Noninterest-bearing demand deposits | 556,992 | 483,095 | ||||||||||||||||
| Other liabilities | 38,543 | 28,406 | ||||||||||||||||
| Stockholders’ Equity | 384,608 | 285,994 | ||||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,169,746 | $ | 2,436,169 | ||||||||||||||
| Taxable Equivalent Net Interest Income | 90,713 | 62,976 | ||||||||||||||||
| Taxable Equivalent Adjustment | (474 | ) | (477 | ) | ||||||||||||||
| Net Interest Income | $ | 90,239 | $ | 62,499 | ||||||||||||||
| Cost of Funds | 1.47 | % | 1.11 | % | ||||||||||||||
| FTE Net Interest Margin | 4.19 | % | 3.79 | % | ||||||||||||||
1 Income on interest-earning assets has been computed on a fully taxable equivalent basis (FTE) using the
2 Average balances include non-accrual loans and are net of unearned income.
3 Average balances of investment securities is computed at fair value.
| Loan and Deposit Detail by Type | |||||||||||||||
| Variance | |||||||||||||||
| (Dollars in thousands) | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 2025 vs. June 2025 | September 2025 vs. September 2024 | ||||||||||
| Loans | |||||||||||||||
| Commercial real estate | $ | 1,263,896 | $ | 1,254,733 | $ | 957,904 | $ | 9,163 | $ | 305,992 | |||||
| Residential mortgage | 593,283 | 594,889 | 397,994 | (1,606 | ) | 195,289 | |||||||||
| Commercial and industrial | 218,364 | 226,276 | 152,148 | (7,912 | ) | 66,216 | |||||||||
| Home equity lines of credit | 125,839 | 122,546 | 84,316 | 3,293 | 41,523 | ||||||||||
| Real estate construction | 126,451 | 135,023 | 75,953 | (8,572 | ) | 50,498 | |||||||||
| Consumer | 10,144 | 10,253 | 9,773 | (109 | ) | 371 | |||||||||
| Gross loans | 2,337,977 | 2,343,720 | 1,678,088 | (5,743 | ) | 659,889 | |||||||||
| Unearned income | (1,372 | ) | (1,904 | ) | (976 | ) | 532 | (396 | ) | ||||||
| Total loans, net of unearned income | $ | 2,336,605 | $ | 2,341,816 | $ | 1,677,112 | $ | (5,211 | ) | $ | 659,493 | ||||
| Variance | |||||||||||
| (Dollars in thousands) | September 30, 2025 | June 30, 2025 | September 30, 2024 | September 2025 vs. June 2025 | September 2025 vs. September 2024 | ||||||
| Deposits | |||||||||||
| Noninterest-bearing demand deposits | $ | 581,697 | $ | 568,301 | $ | 463,501 | $ | 13,396 | $ | 118,196 | |
| Interest-bearing demand deposits | 614,130 | 604,854 | 509,930 | 9,276 | 104,200 | ||||||
| Money market | 493,430 | 531,738 | 249,197 | (38,308 | ) | 244,233 | |||||
| Savings | 330,200 | 339,179 | 311,958 | (8,979 | ) | 18,242 | |||||
| Total demand and savings | 2,019,457 | 2,044,072 | 1,534,586 | (24,615 | ) | 484,871 | |||||
| Time | 446,439 | 480,469 | 256,731 | (34,030 | ) | 189,708 | |||||
| Total deposits | $ | 2,465,896 | $ | 2,524,541 | $ | 1,791,317 | $ | (58,645 | ) | $ | 674,579 |
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) | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | ||||||||||
| Tangible book value per share | |||||||||||||||
| Stockholders’ equity | $ | 408,642 | $ | 395,151 | $ | 386,883 | $ | 303,273 | $ | 306,755 | |||||
| Less: Goodwill and intangible assets | (88,014 | ) | (89,143 | ) | (90,284 | ) | (52,023 | ) | (52,327 | ) | |||||
| Tangible common stockholders’ equity (numerator) | $ | 320,628 | $ | 306,008 | $ | 296,599 | $ | 251,250 | $ | 254,428 | |||||
| Shares outstanding, less unvested shares, end of period (denominator) | 10,387,135 | 10,442,269 | 10,506,822 | 8,515,347 | 8,510,187 | ||||||||||
| Tangible book value per share | $ | 30.87 | $ | 29.30 | $ | 28.23 | $ | 29.51 | $ | 29.90 | |||||
| Tangible common equity to tangible assets (TCE/TA Ratio) | |||||||||||||||
| Tangible common stockholders’ equity (numerator) | $ | 320,628 | $ | 306,008 | $ | 296,599 | $ | 251,250 | $ | 254,428 | |||||
| Total assets | $ | 3,250,838 | $ | 3,259,528 | $ | 3,270,041 | $ | 2,394,830 | $ | 2,420,914 | |||||
| Less: Goodwill and intangible assets | (88,014 | ) | (89,143 | ) | (90,284 | ) | (52,023 | ) | (52,327 | ) | |||||
| Total tangible assets (denominator) | $ | 3,162,824 | $ | 3,170,385 | $ | 3,179,757 | $ | 2,342,807 | $ | 2,368,587 | |||||
| Tangible common equity to tangible assets | 10.14 | % | 9.65 | % | 9.33 | % | 10.72 | % | 10.74 | % | |||||
| Efficiency Ratio | |||||||||||||||
| Noninterest expense | $ | 22,361 | $ | 25,366 | $ | 29,335 | $ | 18,388 | $ | 18,244 | |||||
| Less: Intangible amortization | 1,129 | 1,141 | 857 | 304 | 304 | ||||||||||
| Less: Merger-related expense | 169 | 1,943 | 8,031 | 885 | 1,137 | ||||||||||
| Noninterest expense (numerator) | $ | 21,063 | $ | 22,282 | $ | 20,447 | $ | 17,199 | $ | 16,803 | |||||
| Net interest income | $ | 32,137 | $ | 31,012 | $ | 27,090 | $ | 21,112 | $ | 20,942 | |||||
| Plus: Total noninterest income | 8,411 | 8,682 | 7,184 | 5,803 | 6,833 | ||||||||||
| Less: Gain on life insurance proceeds | — | 31 | 254 | — | — | ||||||||||
| Less: Net gains on sales or calls of securities | — | 22 | — | — | — | ||||||||||
| Less: Net gains (losses) on equity securities | 9 | 3 | 14 | (28 | ) | 28 | |||||||||
| Total revenue (denominator) | $ | 40,539 | $ | 39,638 | $ | 34,006 | $ | 26,943 | $ | 27,747 | |||||
| Efficiency ratio | 51.96 | % | 56.21 | % | 60.13 | % | 63.83 | % | 60.56 | % | |||||
FAQ
What were ACNB (NASDAQ: ACNB) Q3 2025 earnings and EPS?
How did ACNB's net interest margin (NIM) perform in Q3 2025?
How did the Traditions acquisition affect ACNB's balance sheet by Sept 30, 2025?
What capital returns did ACNB announce for Q4 2025?
What asset-quality and credit metrics did ACNB report for Q3 2025?
