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 Corp (ACNB) delivers integrated banking and insurance solutions through its dual-operating segments. This news hub provides investors and stakeholders with direct access to official announcements, financial disclosures, and strategic developments from the Pennsylvania-based financial holding company.
Track key updates including quarterly earnings reports, leadership changes, regulatory filings, and market expansion initiatives. Discover how ACNB Bank's consumer lending products intersect with insurance services' risk management solutions through verified press releases.
Our curated collection features essential categories: dividend declarations, merger/acquisition activity, corporate governance updates, and industry recognition. All content is sourced from company-approved channels to ensure accuracy and timeliness.
Bookmark this page to monitor ACNB's performance across both banking and insurance sectors. Combine these verified updates with broader market analysis for informed decision-making in financial services investments.
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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