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) 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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