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 Corporation (NASDAQ: ACNB) reported strong financial results for Q1 2023, achieving a net income of $9.0 million, a notable increase of 36.73% from $6.6 million in Q1 2022. Basic and diluted earnings per share improved to $1.06, up 39.47% from $0.76 a year earlier. However, compared to the previous quarter, net income declined by 11.53%, while the earnings per share decreased by 11.67%.
Key financial metrics include a return on average assets of 1.50% and return on average equity of 14.58%. The net interest margin saw a significant boost of 152 basis points year-over-year to reach 4.19%. Despite this, total deposits fell by 6.51% since December 2022, reflecting market shifts towards higher-yielding investments.
ACNB Corporation (NASDAQ: ACNB) announced a regular quarterly cash dividend of $0.28 per share on April 20, 2023, payable on June 15, 2023, to shareholders of record as of June 1, 2023. This dividend reflects a 7.7% increase compared to the $0.26 dividend paid in the same quarter last year, totaling approximately $2.4 million in aggregate payments for Q2 2023. The company's commitment to shareholder value was emphasized by President & CEO James P. Helt, highlighting a consistent history of rewarding shareholders regardless of market conditions. ACNB Corporation operates as an independent $2.5 billion financial holding company for ACNB Bank and ACNB Insurance Services, Inc., offering banking and insurance services across multiple states.
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