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 reports on its role as the financial holding company for ACNB Bank and ACNB Insurance Services, Inc. Its recurring news centers on community banking results, loan and deposit trends, net interest margin, credit quality, insurance agency activity, wealth management, trust and retail brokerage services, and the completed integration of Traditions Bank and Traditions Mortgage.
Company updates also cover board-approved dividends, special dividends, share repurchase authorizations, capital management, investment securities portfolio actions, and the performance of its banking markets in Pennsylvania and Maryland.
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 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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