Welcome to our dedicated page for Acnb news (Ticker: ACNB), a resource for investors and traders seeking the latest updates and insights on Acnb stock.
ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, Pennsylvania, with operations in commercial banking, wealth management and insurance services. The ACNB news feed on this page aggregates company-issued press releases and other coverage related to its banking subsidiary ACNB Bank, its insurance subsidiary ACNB Insurance Services, Inc., and operating divisions such as Traditions Bank and Traditions Mortgage.
Readers can review quarterly and annual financial results announcements, where ACNB reports metrics such as net income, net interest income, fully taxable equivalent net interest margin, loan and deposit trends, asset quality measures and capital ratios. These releases often explain the impact of acquisitions, loan growth, deposit mix and credit loss provisions on the corporation’s performance.
ACNB’s news flow also includes dividend declarations and capital management updates. The Board of Directors regularly announces quarterly cash dividends on ACNB common stock and has communicated increases in the dividend amount over multiple years. Separate releases describe common stock repurchase programs, including authorizations to repurchase a portion of outstanding shares in open market transactions.
Other news items cover corporate developments such as the completion and integration of the Traditions Bancorp, Inc. acquisition, the operation of Traditions Bank and Traditions Mortgage as divisions of ACNB Bank, and changes to the Board of Directors. These announcements may highlight appointments of new directors and provide background on their professional experience.
For investors, analysts and others following ACNB, this news page offers a centralized view of the corporation’s public communications, from earnings releases and asset quality updates to dividend actions, repurchase plans and governance developments related to its banking and insurance activities.
ACNB reported Q4 2024 net income of $6.6 million ($0.77 per diluted share), showing a 61.0% increase from Q4 2023 but an 8.5% decrease from Q3 2024. Full-year 2024 net income reached $31.8 million ($3.73 per diluted share), up 0.5% from 2023.
Key financial metrics include a return on average assets of 1.31% and return on average equity of 10.94% for 2024. The fully taxable equivalent net interest margin was 3.79%, down from 4.07% in 2023. Total loans outstanding reached $1.68 billion, up 3.4% year-over-year, while deposits totaled $1.79 billion, decreasing 3.7% from 2023.
Financial results were impacted by $2.0 million in merger-related expenses due to the pending acquisition of Traditions Bancorp, expected to close on February 1, 2025. The company also benefited from a $2.8 million reversal of provisions for credit losses and unfunded commitments in 2024.
ACNB (NASDAQ: ACNB) and Traditions Bancorp (OTC Pink: TRBK) announced shareholder approvals for ACNB's proposed acquisition of Traditions. At special meetings held on December 18, 2024, ACNB shareholders approved the issuance of common stock to Traditions shareholders, while Traditions shareholders approved the merger with 99.5% approval from 85.1% of voted shares.
The acquisition, originally announced on July 23, 2024, will merge Traditions with an ACNB subsidiary. The transaction is expected to close on February 1, 2025, subject to customary closing conditions. Both companies' leadership expressed optimism about the merger's potential to enhance innovation and create a stronger community banking presence.
ACNB (NASDAQ: ACNB) has received all required regulatory approvals for its proposed acquisition of Traditions Bancorp (OTC Pink: TRBK). The Federal Deposit Insurance and Pennsylvania Department of Banking and Securities have approved the applications, while the Federal Reserve Bank of Philadelphia granted ACNB a merger application waiver. Both companies' shareholders will vote on the proposed transaction at special meetings scheduled for December 18, 2024. Subject to shareholder approvals and other closing conditions, the transaction is expected to close on February 1, 2025.
ACNB reported Q3 2024 net income of $7.2 million ($0.84 per diluted share), down from $9.0 million ($1.06 per share) in Q3 2023 and $11.3 million ($1.32 per share) in Q2 2024. The quarter's results were impacted by $1.1 million in merger-related expenses due to the pending Traditions Bancorp acquisition. Key metrics include a return on average assets of 1.17%, FTE net interest margin of 3.77%, and non-performing loans ratio of 0.39%. Total loans stood at $1.68 billion, while deposits decreased to $1.79 billion. The Board declared a quarterly dividend of $0.32 per share, representing a 6.7% increase over the same quarter of 2023.
ACNB (NASDAQ: ACNB) has announced a regular quarterly cash dividend of $0.32 per share, payable on December 13, 2024, to shareholders of record as of November 29, 2024. This represents a 6.7% increase from the $0.30 per share paid in Q4 2023. The total dividend payout will be approximately $2.7 million for Q4 2024.
ACNB , a $2.4 billion financial holding company based in Gettysburg, PA, owns ACNB Bank and ACNB Insurance Services, Inc. ACNB Bank, founded in 1857, operates 27 community banking offices and two loan offices across Pennsylvania and Maryland. ACNB Insurance Services, Inc. is licensed in 46 states, offering various insurance products through offices in Maryland and Pennsylvania.
ACNB (NASDAQ: ACNB) reported net income of $11.3 million, or $1.32 diluted earnings per share, for Q2 2024, up from $9.5 million, or $1.12 per share, in Q2 2023. Key highlights include:
- Return on average assets: 1.86%
- Return on average equity: 16.12%
- FTE net interest margin: 3.82%, up from 3.77% in Q1 2024
- Total loans: $1.68 billion, up 6.7% year-over-year
- Non-performing loans ratio: 0.19%, down from 0.24% in Q1 2024
- Total deposits: $1.84 billion
- Loan to deposit ratio: 91.35%
The company's capital levels remain strong, and it declared a quarterly cash dividend of $0.32 per share, a 14.3% increase from the previous year.
ACNB (NASDAQ: ACNB) has announced a strategic acquisition of Traditions Bancorp, Inc. (OTCPink: TRBK) in an all-stock transaction valued at $73.5 million. The merger will create a premier community bank with a strong presence in York and Lancaster counties, Pennsylvania. Key points:
- Traditions shareholders will receive 0.7300 shares of ACNB common stock for each Traditions share.
- Three Traditions Board members will join ACNB's Board, with Eugene Draganosky becoming a Vice Chair.
- The combined entity will have pro forma total assets of $3.3 billion, deposits of $2.6 billion, and gross loans of $2.4 billion.
- The transaction is expected to close in Q1 2025, subject to shareholder and regulatory approvals.
This acquisition aligns with ACNB's strategic plan for profitable growth and expansion in key Pennsylvania markets.
ACNB (NASDAQ: ACNB) has announced a 14.3% increase in its quarterly cash dividend, declaring $0.32 per share payable on September 13, 2024, to shareholders of record as of August 30, 2024. This increase from $0.28 per share in Q3 2023 will result in aggregate dividend payments of approximately $2.7 million to shareholders in Q3 2024.
ACNB , a $2.4 billion financial holding company headquartered in Gettysburg, PA, operates through its subsidiaries ACNB Bank and ACNB Insurance Services, Inc. The bank, founded in 1857, offers banking and wealth management services across 26 community banking offices and three loan offices in Pennsylvania and Maryland. ACNB Insurance Services provides a wide range of insurance products in 46 states.
ACNB (NASDAQ: ACNB) has announced the election of Alexandra Chiaruttini to its Boards of Directors and ACNB Bank's Board of Directors. Ms. Chiaruttini, Chief Administrative Officer & General Counsel at the York Water Company, brings legal and public company expertise to the financial institution. Her appointment is expected to enrich the Board and management team with valuable insights.
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