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 Corporation (NASDAQ: ACNB) reported a net income of $7.36 million for Q3 2021, an 8.7% increase from the same period in 2020. Basic earnings per share rose to $0.84, up 6.3%. For the first nine months, net income surged 105.7% to $23.34 million, with EPS increasing 102.3% to $2.67. Total deposits grew 10.6% year-to-date, totaling $2.42 billion. The bank saw a 25.0% increase in new loan production despite a 9.2% decrease in total loans outstanding, largely due to PPP loan forgiveness.
ACNB Corporation (NASDAQ: ACNB) announced a quarterly cash dividend of $0.26 per share, reflecting a 4.0% increase compared to the previous year. This dividend will be payable on December 15, 2021, to shareholders on record as of December 1, 2021, totaling approximately $2.3 million for Q4 2021. For the entire year, total dividends will reach $1.03 per share, up 3.0% from 2020, amounting to nearly $9.0 million in total payments. ACNB remains focused on growth, despite the pandemic's impacts.
ACNB Corporation (NASDAQ: ACNB) announces the retirement of David W. Cathell, CFO, effective May 31, 2022. Cathell has served the corporation since 2005, contributing to significant growth, including bank acquisitions in Maryland in 2017 and 2020. Kaplan Partners will lead the search for a new CFO as part of the corporation's long-term executive succession plan. ACNB Corporation, a $2.7 billion financial holding company, operates ACNB Bank and Russell Insurance Group, providing a range of banking and insurance services across Pennsylvania and Maryland.
Summary not available.
ACNB Corporation (NASDAQ: ACNB) reported significant financial growth for Q2 2021, with a net income of $8,508,000, up 46.8% from Q2 2020. Basic earnings per share increased 46.3% to $0.98. Year-to-date net income reached $15,979,000, a surge of 249.3% year-over-year. The rise was fueled by higher fee income and lower loan loss provisions, alongside a 0.3% increase in net interest income. Total deposits rose 7.0% to $2,338,035,000. A special cash dividend of $0.02 per share was declared, marking the first such distribution in over a decade.
ACNB Corporation (NASDAQ: ACNB) declared a quarterly cash dividend of $0.25 per share, totaling approximately $2.2 million, payable on September 15, 2021. The dividend, consistent with the third quarter of 2020, marks the Corporation's 155th consecutive quarterly dividend since 1982. The first nine months of 2021 will see total dividends of $0.75 per share, alongside a special dividend of $0.02 paid on June 15, 2021, leading to over $6.7 million in total payments to shareholders.
ACNB Corporation held its 2021 Annual Meeting of Shareholders virtually on May 4. Despite a challenging year due to COVID-19, the company reported a net income of $18.4 million for 2020, a decrease of 22.5% from the previous year, primarily due to merger expenses and increased loan loss provisions. Shareholders approved key proposals, including director elections and executive compensation. The company remains well-capitalized and committed to community support, having paid $8.7 million in dividends, reflecting a 25.5% increase over 2019.
ACNB Corporation reported substantial financial growth for Q1 2021, with net income skyrocketing to $7,471,000, a 710.9% increase from Q1 2020. Basic earnings per share surged to $0.86, compared to a loss of $(0.14) the previous year. Total revenues rose by 7.5% year-over-year to $23,238,000, despite a slight decline in net interest income, which fell by 0.7% to $17,325,000. Total deposits rose significantly by 25.8% to $2,278,622,000. The company announced a special dividend of $0.02 per share, payable June 15, 2021, alongside a steady quarterly dividend of $0.25.
ACNB Corporation (NASDAQ: ACNB) has declared a regular quarterly cash dividend of $0.25 per share, and for the first time in over a decade, a special cash dividend of $0.02 per share. Both dividends are payable on June 15, 2021, to shareholders of record as of June 1, 2021. This marks the 154th consecutive quarterly dividend issued by the company since its inception in 1982. The total dividends for the first six months of 2021 will be $0.52 per share, a 4% increase from $0.50 during the same period in 2020.
ACNB Corporation (NASDAQ: ACNB) has initiated a stock repurchase plan to buy back up to 261,000 shares, representing about 3% of its outstanding common stock. This decision, endorsed by the Board of Directors, aims to enhance shareholder value. CEO James P. Helt emphasized that the buyback signifies a commitment to investors and seeks to improve the investment potential for shareholders. The buybacks will be executed based on market conditions and available capital, replacing any previous repurchase plans.