ACNB (ACNB) Lags Q4 Earnings and Revenue Estimates
- ACNB (ACNB) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.20 per share a year ago.
- 01/25/2024
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ACNB Corporation Reports Fourth Quarter and 2023 Financial Results
- GETTYSBURG, Pa., Jan. 25, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $4.1 million, or $0.48 per diluted earnings per share, for the three months ended December 31, 2023 compared to net income of $10.2 million, or $1.20 per diluted earnings per share, for the three months ended December 31, 2022. Compared to the three months ended September 30, 2023, net income and diluted earnings per share for the three months ended December 31, 2023 decreased $4.9 million and $0.58, respectively. The Corporation reported net income of $31.7 million, or $3.71 per diluted earnings per share, for the twelve months ended December 31, 2023, a decrease of $4.1 million compared to the twelve months ended December 31, 2022. The financial results for both the three and twelve month periods ended December 31, 2023 were impacted by the repositioning of the investment securities portfolio as announced on Form 8-K on December 15, 2023. ACNB completed a repositioning of the investment securities portfolio by selling approximately $51.1 million in book value of available for sale investment securities for an after-tax loss of approximately $3.5 million.
- 01/25/2024
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ACNB Corporation Announces First Quarter Cash Dividend
- GETTYSBURG, Pa., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.30 per share of ACNB Corporation common stock payable on March 15, 2024, to shareholders of record as of March 1, 2024. This per share amount reflects a 7.1% increase over the same quarter of 2023 and will result in aggregate dividend payments of nearly $2.6 million to ACNB Corporation shareholders in the first quarter of 2024. Compared to a year ago, ACNB Corporation paid a $0.28 dividend per common share in the first quarter of 2023. This action marks the Corporation's 165th consecutive quarterly cash dividend to shareholders since its formation in 1982.
- 01/24/2024
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ACNB (ACNB) Surges 6.5%: Is This an Indication of Further Gains?
- ACNB (ACNB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 01/18/2024
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Has ACNB (ACNB) Outpaced Other Finance Stocks This Year?
- Here is how ACNB (ACNB) and Princeton Bancorp (BPRN) have performed compared to their sector so far this year.
- 12/18/2023
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ACNB (ACNB) Soars 8.2%: Is Further Upside Left in the Stock?
- ACNB (ACNB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 12/15/2023
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19 Upcoming Dividend Increases, Including 3 Kings
- Three dividend kings are featured this week: Stepan Company, Tennant Company, and Lancaster Colony Corporation. December is the last opportunity for companies to announce yearly dividend increases. Tables and metrics are provided for investors to prioritize current yield and historical dividend growth rates.
- 11/24/2023
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ACNB (ACNB) Surpasses Q3 Earnings Estimates
- ACNB (ACNB) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.20 per share a year ago.
- 10/27/2023
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ACNB Corporation Reports 2023 Third Quarter Financial Results
- GETTYSBURG, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced financial results for the quarter ended September 30, 2023 with net income of $9.0 million, a decrease of $1.3 million, or 12.4%, compared to net income of $10.3 million for the three months ended September 30, 2022. For the three months ended September 30, 2023 and 2022, basic and diluted earnings per share were $1.06 and $1.20, respectively, which is a decrease of $0.14 per share, or 11.7%. The current quarter net income of $9.0 million decreased $480 thousand, or 5.0%, compared to net income of $9.5 million for the quarter ended June 30, 2023. The current quarter basic and diluted earnings per share decreased $0.06 per share, or 5.4%, compared to the prior quarter.
- 10/27/2023
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ACNB Corporation Increases Quarterly Cash Dividend
- GETTYSBURG, Pa., Oct. 19, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.30 per share of ACNB Corporation common stock payable on December 15, 2023, to shareholders of record as of December 1, 2023. This per share amount reflects a 7.1% increase, or $0.02, over the prior quarter's cash dividend of $0.28 per share of common stock. This action marks the Corporation's 164th consecutive quarterly cash dividend to shareholders since its formation in 1982.
- 10/19/2023
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ACNB Corporation Recognized as One of the Fastest Growing Companies in Central Pennsylvania
- GETTYSBURG, Pa., Sept. 13, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation was recently recognized, with a ranking of #45, by the Central Penn Business Journal on its annual list of the Fastest Growing Companies in Central Pennsylvania for 2023. This is the sixth consecutive year ACNB Corporation has achieved this recognition.
- 09/13/2023
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4 Reasons to Add ACNB Corporation (ACNB) to Your Portfolio Now
- Supported by decent earnings and sales growth prospects, ACNB Corporation (ACNB) stock looks like an attractive investment pick.
- 09/06/2023
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ACNB Corporation Reports 2023 Second Quarter Financial Results
- GETTYSBURG, Pa., July 27, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced financial results for the quarter ended June 30, 2023 with net income of $9.5 million, an increase of $0.9 million or 10.36%, compared to net income of $8.6 million for the three months ended June 30, 2022. For the three months ended June 30, 2023 and 2022, basic and diluted earnings per share were $1.12 and $0.99, respectively, which is an increase of $0.13 per share, or 13.13%. Compared to the prior quarter, net income increased $0.5 million, or 5.55%, and basic and diluted earnings per share increased $0.06 per share, or 5.66%.
- 07/27/2023
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ACNB Corporation Announces Third Quarter Cash Dividend
- GETTYSBURG, Pa., July 26, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.28 per share of ACNB Corporation common stock payable on September 15, 2023, to shareholders of record as of September 1, 2023. This per share amount reflects a 7.7% increase over the same quarter of 2022 and will result in aggregate dividend payments of approximately $2.4 million to ACNB Corporation shareholders in the third quarter of 2023. Compared to a year ago, ACNB Corporation paid a $0.26 dividend per common share in the third quarter of 2022.
- 07/26/2023
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ACNB: Strong Growth; Low Valuation
- Strong credit quality and improving deposit franchise. Track record of acquisition to create shareholder value.
- 02/05/2022
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ACNB Corp: The Safest Dividend Is The One That Has Just Been Hiked
- ACNB operates a bank in Pennsylvania and an insurance group in Maryland. The balance sheet is very liquid: Over a quarter of the assets are held in cash, with liquid securities representing another 15%.
- 11/18/2021
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ACNB Corporation Announces Retirement of Chief Financial Officer
- GETTYSBURG, Pa., Sept. 23, 2021 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announces that David W. Cathell, Executive Vice President/Treasurer & Chief Financial Officer of ACNB Corporation and ACNB Bank, intends to retire from all of his positions with the Corporation and its subsidiaries effective the close of business on May 31, 2022. In addition to Mr. Cathell's positions with ACNB Corporation and ACNB Bank, he serves as Vice President & Treasurer of Russell Insurance Group, Inc. Mr. Cathell, age 67, joined the organization in 2005 and was named Chief Financial Officer in 2007.
- 09/23/2021
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ACNB Corporation Recognized as One of the Fastest Growing Companies in Central Pennsylvania
- GETTYSBURG, Pa., Sept. 15, 2021 (GLOBE NEWSWIRE) -- ACNB Corporation was recognized, with a ranking of #23, by the Central Penn Business Journal on its annual list of the Fastest Growing Companies in Central Pennsylvania for 2021. This is the fourth consecutive year ACNB Corporation has achieved this recognition, surpassing the #28 ranking in 2020.
- 09/15/2021
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ACNB Corporation: Good Value, Solid Dividend Yield
- Despite coming through the pandemic and a merger in 2020 in good condition, ACNB Corporation trades at a steep discount to its typical price-to-tangible book premium of 1.6x. Lingering uncertainty about the economy and tight net interest margins are to blame.
- 09/04/2021
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ACNB Corporation Reports 2021 Second Quarter and Year-to-Date Financial Results
- 2021 Second Quarter and Year-To-Date Highlights
- 07/29/2021
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ACNB Corporation Announces Third Quarter Cash Dividend
- GETTYSBURG, Pa., July 22, 2021 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.25 per share of ACNB Corporation common stock payable on September 15, 2021, to shareholders of record as of August 31, 2021. This per share amount will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the third quarter of 2021. Compared to a year ago, ACNB Corporation also paid a $0.25 dividend per common share in the third quarter of 2020. This dividend declaration for the third quarter of 2021 marks the Corporation's 155th consecutive quarterly cash dividend to shareholders since its formation in 1982.
- 07/22/2021
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7 Stocks That Insiders Are Snapping Up Right Now
- Tracking stocks insiders are buying is always helpful. Tips for beating the market tend to come and go quickly, but this one has held up.
- 07/13/2021
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ACNB Corporation Holds 2021 Annual Meeting of Shareholders
- GETTYSBURG, Pa., May 06, 2021 (GLOBE NEWSWIRE) -- The 2021 Annual Meeting of Shareholders of ACNB Corporation (NASDAQ: ACNB) was held on Tuesday, May 4, in a virtual meeting format only due to the ongoing impact of the Coronavirus Disease 2019 (COVID-19) pandemic. ACNB Corporation is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD.
- 05/06/2021
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ACNB Corporation Reports 2021 First Quarter Financial Results
- 2021 First Quarter Highlights
- 04/29/2021
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ACNB Corporation Declares Regular Cash Dividend and Special Cash Dividend for Second Quarter 2021
- GETTYSBURG, Pa., April 22, 2021 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.25 per share of ACNB Corporation common stock payable on June 15, 2021, to shareholders of record as of June 1, 2021. This action marks the Corporation's 154th consecutive quarterly cash dividend to shareholders since its formation in 1982.
- 04/22/2021
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ACNB Corporation: Positive Earnings Outlook And An Attractive Price Upside
- The reopening of businesses in Pennsylvania will likely drive credit demand in the year ahead. The provision expense will likely decline because ACNB has already built up a high level of reserves for loan losses. Further, the systemic risk has substantially subsided.
- 04/18/2021
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ACNB Corporation Announces Common Stock Repurchase Program
- GETTYSBURG, Pa., Feb. 25, 2021 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced that the Board of Directors has approved a plan to repurchase, in open market and privately negotiated transactions, up to 261,000, or approximately 3%, of the outstanding shares of the Corporation's common stock.
- 02/25/2021
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ACNB Corporation Reports 2020 Financial Results
- Fourth Quarter and Year-End 2020 Highlights
- 01/29/2021
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ACNB Corporation Reports 2020 Third Quarter Financial Results
- Third Quarter and Year-To-Date Highlights
- 10/28/2020
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Fmr LLC Trims Stock Holdings in ACNB Co. (NASDAQ:ACNB)
- Fmr LLC lowered its position in shares of ACNB Co. (NASDAQ:ACNB) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,692 shares of the bank’s stock after selling 8,893 shares during the period. Fmr LLC owned 1.66% […]
- 09/24/2020
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LSV Asset Management Sells 1,800 Shares of ACNB Co. (NASDAQ:ACNB)
- LSV Asset Management lessened its stake in shares of ACNB Co. (NASDAQ:ACNB) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,292 shares of the bank’s stock after selling 1,800 shares during the quarter. LSV Asset Management’s holdings in ACNB were […]
- 08/22/2020
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ACNB Corporation Reports 2020 Second Quarter Financial Results
- 2020 Highlights * Effective January 11, 2020, ACNB Corporation acquired Frederick County Bancorp, Inc. (FCBI) and its wholly-owned subsidiary, Frederick County Bank, headquartered in Frederick, MD, with systems conversions completed in March 2020. This transaction resulted in the addition of $443,425,000 in assets, $329,312,000 in loans, $374,058,000 in deposits, $22,528,000 in goodwill, and $57,280,000 in equity to ACNB Corporation’s balance sheet. * ACNB Corporation responded to, and continues to address, the impact of the COVID-19 pandemic with a focused and responsive plan to meet the needs of the Corporation’s customers and communities, as well as to maintain a high level of operational performance while protecting valued staff members. * Net income for the three months ended June 30, 2020, totaled $5,797,000, which is a decrease of $669,000 or 10.4% over comparable period results for the three months ended June 30, 2019. * Net income for the six months ended June 30, 2020, totaled $4,574,000, with basic earnings per share of $0.53. This reflects a decrease of $7,756,000 or 62.9% over comparable period results for the six months ended June 30, 2019, and is due primarily to one-time merger-related expenses of $5,965,000 and a higher provision for loan losses of $6,550,000 as a result of a previously-reported, large unanticipated charge-off of one loan relationship during the first quarter of 2020 and the potential economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic. Without the nonrecurring expenses related to the acquisition of FCBI, as well as the corresponding tax impact at the marginal tax rate, net income (non-GAAP) would have been $9,147,000, or $1.07 basic earnings per share, for the six months ended June 30, 2020. * Net interest income for the six months ended June 30, 2020, totaled $35,800,000, which is an increase of $6,165,000 or 20.8% over comparable period results for the six months ended June 30, 2019, and an indication of the strength of ACNB Corporation’s community banking model including strategic inorganic growth. * Total loans outstanding were $1,733,563,000 at June 30, 2020, as compared to $1,279,264,000 at June 30, 2019, for an increase of 35.5% including loans acquired from FCBI. * Total deposits were $2,032,801,000 at June 30, 2020, as compared to $1,377,277,000 at June 30, 2019, for an increase of 47.6% including deposits acquired from FCBI. * Quarterly cash dividends paid to ACNB Corporation shareholders in the first half of 2020 totaled $4,335,000 or $0.50 per share. It was recently announced the cash dividend declared for the third quarter of 2020 is $0.25 per share. GETTYSBURG, Pa., July 29, 2020 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced financial results for the three months ended June 30, 2020, with net income of $5,797,000. Compared to net income of $6,466,000 for the three months ended June 30, 2019, this is a decrease of $669,000 or 10.4% over comparable period results, primarily due to higher loan loss provision expense in the second quarter of 2020 as a result of COVID-19. Basic earnings per share was $0.67 and $0.92 for the three months ended June 30, 2020 and 2019, respectively, which is a decrease of $0.25 or 27.2%. The Corporation reported net income of $4,574,000 for the six months ended June 30, 2020. Compared to net income of $12,330,000 for the six months ended June 30, 2019, this is a decrease of $7,756,000 or 62.9% over comparable period results. Basic earnings per share was $0.53 and $1.75 for the six months ended June 30, 2020 and 2019, respectively, which is a decrease of $1.22 or 69.7%. These results are primarily attributable to one-time merger-related expenses of $5,965,000 and a higher provision for loan losses of $6,550,000 as a result of a previously-reported, large unanticipated charge-off of one loan relationship during the first quarter of 2020 and the potential economic impact of the COVID-19 pandemic. Without the nonrecurring expenses related to the acquisition of FCBI, as well as the corresponding tax impact at the marginal tax rate, net income (non-GAAP) would have been $9,147,000, or $1.07 basic earnings per share, for the six months ended June 30, 2020. “As the year of 2020 opened, ACNB Corporation was well situated with the planned closing of the acquisition of Frederick County Bancorp, Inc. and its wholly-owned subsidiary, Frederick County Bank, in January and the reporting of record financial results for 2019---both outcomes of the Corporation’s continued focus on strategic initiatives to enhance shareholder value. Additionally, the Corporation’s commitment to sound operating principles and its conservative culture fortified the organization when the COVID-19 pandemic dramatically impacted how we conduct our business on a daily basis,” said James P. Helt, ACNB Corporation President & Chief Executive Officer. “In response, we have taken a deliberate and measured approach in protecting our most valuable asset, our staff members working in offices and remotely to fulfill customer needs despite the pandemic. Equally as important, our efforts are ongoing to protect as well as support customers during these unprecedented times, whether through the Paycheck Protection Program loan and forgiveness process or via direct loan modifications and other account accommodations.” Mr. Helt continued, “As 2020 continues to unfold, the long-term economic impact of this health crisis is still unknown with high unemployment rates and businesses operating with limited capacity. This environment is not the one we anticipated for 2020. However, ACNB Corporation has proven its resiliency time and again over its long history due to the adherence to fundamentals such as capital preservation, credit quality, and expense management. ACNB Corporation’s banking subsidiary, ACNB Bank, remains a well-capitalized financial institution. And, we are solidly positioned to leverage the recent acquisition in Frederick County, Maryland, for future growth and to further enhance long-term ACNB Corporation shareholder value.” Revenues Total revenues, defined as net interest income plus noninterest income, for the first two quarters of 2020 were $44,859,000, or a 16.8% increase over total revenues of $38,395,000 for the first two quarters of 2019. Total interest income for the first half of 2020 was $42,494,000, or an increase of 23.7%, as compared to total interest income of $34,340,000 for the first half of 2019. Loans Total loans outstanding were $1,733,563,000 at June 30, 2020. Loans outstanding increased by $460,962,000, or 36.2%, from December 31, 2019, and by $454,299,000, or 35.5%, from June 30, 2019 to June 30, 2020, including $329,312,000 in loans acquired through FCBI. Loan growth is largely attributable to the FCBI acquisition, net of selling new residential mortgages in the secondary market and early payoffs of loans, as well as active participation in the Small Business Administration’s Paycheck Protection Program (PPP). Year over year, organic loan growth is primarily in the commercial loan portfolio with a focus on asset quality and disciplined underwriting standards despite the intense competition in the Corporation’s market areas. As a result of the previously-reported, large unanticipated charge-off of one loan relationship and increased risk from COVID-19, combined with normal and anticipated credit losses in the portfolio, the provision for loan losses for the first half of 2020 was $6,550,000. Deposits Total deposits were $2,032,801,000 at June 30, 2020. Deposits increased by $620,541,000, or 43.9%, from December 31, 2019, and by $655,524,000, or 47.6%, from June 30, 2019 to June 30, 2020, including $374,058,000 in deposits acquired through FCBI. Year over year, organic deposit growth is largely attributable to PPP proceeds deposited to customer accounts and increased balances in a broad base of accounts from a lack of economic activity due to COVID-19. Net Interest Income and MarginNet interest income rose by $6,165,000 to $35,800,000 for the first six months of 2020, which is an increase of 20.8% compared to the first six months of 2019. The net interest margin for the first half of 2020 was 3.53%, compared to 3.91% for the same period of 2019. Both net interest income and the net interest margin were impacted by lower market yields in the first half of 2020. The lower market yields negatively affected the net interest margin as new loans replaced paydowns on existing loans and variable rate loans reset to new current rates. Noninterest IncomeNoninterest income for the first six months of 2020 was $9,059,000, an increase of $299,000, or 3.4%, from the first six months of 2019. The increase includes revenue from wealth management activities, which grew 11.2% from the first half of 2019 to the first half of 2020. Noninterest ExpenseNoninterest expense for the first six months of 2020 was $32,912,000, an increase of $9,966,000, or 43.4%, from the same period in 2019. Nonrecurring acquisition and integration expenses related to the acquisition of FCBI were $5,965,000 for the first six months of 2020. Salaries and employee benefits expense increased by $2,952,000 from the first half of 2019, which is primarily attributable to higher staffing levels from the FCBI acquisition and additional staff hired to support revenue generation across all business lines. Dividends Quarterly cash dividends paid to ACNB Corporation shareholders in the first half of 2020 totaled $4,335,000, or $0.50 per share. In the first half of 2019, ACNB Corporation paid $0.48 per share for total dividends paid to shareholders in the amount of $3,383,000.
- 07/29/2020
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Does ACNB's (NASDAQ:ACNB) CEO Salary Compare Well With The Performance Of The Company?
- James Helt has been the CEO of ACNB Corporation (NASDAQ:ACNB) since 2017, and this article will examine the...
- 07/26/2020
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ACNB Corporation Announces Third Quarter Cash Dividend
- GETTYSBURG, Pa., July 23, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of ACNB Corporation recently approved and declared the payment of the regular quarterly cash dividend. The cash dividend of $0.25 per share is payable on September 15, 2020, to shareholders of record on August 31, 2020. This per share amount will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the third quarter of 2020. Compared to a year ago, ACNB Corporation also paid a $0.25 dividend per share in the third quarter of 2019. “Amidst the unprecedented and ongoing challenges of the COVID-19 pandemic in 2020, the Board of Directors voted to provide ACNB Corporation shareholders with a stable quarterly cash dividend of $0.25 per share, which is the same amount paid for the past five quarters beginning in June 2019,” said James P. Helt, ACNB Corporation President & Chief Executive Officer. “With a history that spans more than 160 years, our organization’s longstanding commitment to shareholders, customers and communities has persevered during trying times resulting from such events as wars, pandemics and recessions. This is only possible due to the resiliency of ACNB Corporation over time. Today, this resiliency is directly attributable to the dedicated staff members of the organization’s community banking and insurance agency subsidiary operations, who serve our customers with determination and care each business day.” With this third quarter dividend, the regular quarterly cash dividends paid to shareholders for the first nine months of 2020 will total $0.75 per share. This per share amount will result in a total of more than $6.5 million paid to shareholders through the first three quarters of 2020. In comparison to a year ago, ACNB Corporation paid a total of $0.73 per share for the first three quarters of 2019 and an aggregate of more than $5.1 million to shareholders during the same period. ACNB Corporation, headquartered in Gettysburg, PA, is the $2.2 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 21 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and seven community banking offices located in Frederick County and Carroll County, MD, respectively. Russell Insurance Group, Inc., the Corporation’s insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit acnb.com. FORWARD-LOOKING STATEMENTS - In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: the effects of governmental and fiscal policies, as well as legislative and regulatory changes; the effects of new laws and regulations, specifically the impact of the Tax Cuts and Jobs Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; impacts of the capital and liquidity requirements of the Basel III standards; the effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short- and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; the effects of economic conditions particularly with regard to the negative impact of severe and wide-ranging disruptions caused by the spread of Coronavirus Disease 2019 (COVID-19) on current customers, specifically the effect of the economy on loan customers’ ability to repay loans; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; the risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; the effects of technology changes; volatilities in the securities markets; the effect of general economic conditions and more specifically in the Corporation’s market areas; the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism; disruption of credit and equity markets; the ability to manage current levels of impaired assets; the loss of certain key officers; the ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. We caution readers not to place undue reliance on these forward-looking statements. They only reflect management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.Contact:Lynda L. Glass EVP/Secretary & Chief Governance Officer 717.339.5085 lglass@acnb.com
- 07/23/2020
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RIG Rakes in Options Amid Volatile Week - Schaeffer's Investment Research
- Transocean (RIG) is down amid a surge in options volume, with puts much more popular than usual
- 06/10/2020
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ACNB Corporation Holds 2020 Annual Meeting of Shareholders
- The 2020 Annual Meeting of Shareholders of ACNB Corporation (ACNB) was held on Tuesday, May 5, in a virtual meeting format as a result of the public health threat associated with the COVID-19 pandemic. ACNB Corporation is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD.
- 05/07/2020
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Will pandemic reshuffle the top 200 publicly traded community banks?
- Banks that relied on loan growth to outperform peers in 2019 will need to focus more on core deposits and expense control this year. Check out our annual ranking of the top 200 publicly traded community banks.
- 05/06/2020
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ACNB Q1 EPS $0.400 Down From $0.830 YoY
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ACNB Corporation Reports 2020 First Quarter Financial Results
- As publicly announced on January 13, 2020, ACNB Corporation acquired Frederick County Bancorp, Inc. and its wholly-owned subsidiary, Frederick County Bank, headquartered in Frederick, MD, effective January 11, 2020, with systems conversions completed in March 2020. Net loss for the three months and quarter ended March 31, 2020, totaled $1,223,000, with basic loss per share of $0.14, primarily due to one-time merger-related expenses of $5,965,000 and a higher provision for loan losses of $4,000,000 as a result of a large unanticipated charge-off of one loan relationship and the potential economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic. Without the nonrecurring expenses related to the acquisition of Frederick County Bancorp, Inc., as well as the corresponding tax impact at the marginal tax rate, net income (non-GAAP) would have been $3,350,000, or $0.40 basic earnings per share, for the quarter ended March 31, 2020.
- 04/29/2020
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Did You Manage To Avoid ACNB's (NASDAQ:ACNB) 36% Share Price Drop?
- It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make...
- 04/27/2020
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ACNB Corporation Announces Second Quarter Cash Dividend
- The Board of Directors of ACNB Corporation recently approved and declared the payment of the regular quarterly cash dividend. The cash dividend of $0.25 per share is payable on June 15, 2020, to shareholders of record on June 1, 2020. This per share amount will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the second quarter of 2020.
- 04/23/2020
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Bank of New York Mellon Corp Purchases 9,361 Shares of ACNB Co. (NASDAQ:ACNB)
- Bank of New York Mellon Corp lifted its position in ACNB Co. (NASDAQ:ACNB) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,835 shares of the bank’s stock after acquiring an additional 9,361 shares during the quarter. Bank of New York Mellon […]
- 04/23/2020
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ACNB CORPORATION SUPPORTS CUSTOMERS IMPACTED BY COVID-19
- ACNB Corporation (ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., has implemented numerous initiatives to support customers in its communities served since the outbreak of the Coronavirus Disease 2019 (COVID-19) pandemic. In addition, drive-up hours have been extended at select community banking office locations.
- 04/08/2020
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ACNB CORPORATION SUPPORTS CUSTOMERS IMPACTED BY COVID-–9
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ACNB CORPORATION ANNOUNCES CHANGE OF LOCATION OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 5, 2020
- ACNB Corporation (ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced today that, due to the ongoing public health impact of the Coronavirus Disease 2019 (COVID-19) pandemic, the location of ACNB Corporation’s 2020 Annual Meeting of Shareholders has been changed and will be held in a virtual meeting format only. As previously announced, the 2020 Annual Meeting of Shareholders will be held on Tuesday, May 5, 2020, at 1:00 p.m., prevailing time. Further information regarding this change to the location of the 2020 Annual Meeting of Shareholders can be found in the updated notice of meeting filed by ACNB Corporation with the Securities and Exchange Commission on April 6, 2020.
- 04/06/2020
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ACNB (NASDAQ:ACNB) and Bank of Marin Bancorp (NASDAQ:BMRC) Head to Head Contrast
- Bank of Marin Bancorp (NASDAQ:BMRC) and ACNB (NASDAQ:ACNB) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, risk, earnings, dividends, institutional ownership, profitability and valuation. Dividends Bank of Marin Bancorp pays an annual dividend of $0.92 per share and […]
- 03/16/2020
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A Sliding Share Price Has Us Looking At ACNB Corporation's (NASDAQ:ACNB) P/E Ratio
- Unfortunately for some shareholders, the ACNB (NASDAQ:ACNB) share price has dived 42% in the last thirty days. That...
- 03/13/2020
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Stocks That Hit 52-Week Lows On Thursday
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ACNB Corp (ACNB) Files –…-K for the Fiscal Year Ended on December '–, —…–9
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Stocks That Hit 52-Week Lows On Friday
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Should You Buy ACNB Corporation (NASDAQ:ACNB) For Its Upcoming Dividend In 4 Days?
- Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see ACNB...
- 02/22/2020
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The Attractive Combination That Could Earn ACNB Corporation (NASDAQ:ACNB) A Place In Your Dividend Portfolio
- Dividend paying stocks like ACNB Corporation (NASDAQ:ACNB) tend to be popular with investors, and for good reason...
- 02/12/2020
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ACNB Reports Chair Rusty Elsner To Retire; Vice Chair Alan Stock Named Replacement
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ACNB Corporation Announces Retirement of Chairman of the Boards
- ACNB Corporation (ACNB) announced today that Frank “Rusty” Elsner, III, Chairman of the Boards of ACNB Corporation and ACNB Bank, informed the Boards of Directors of ACNB Corporation and ACNB Bank that he will be retiring as Chairman of the Board of both the Corporation and the Bank effective February 15, 2020. Mr. Elsner, however, will continue to serve as a Class 3 Director of the Corporation, Director of the Bank, and Vice Chairman of the Board of Directors of Russell Insurance Group, Inc., the insurance subsidiary of the Corporation.
- 02/06/2020
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ACNB Q4 Adj. EPS $0.74 Down From $0.75 YoY
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ACNB Corporation Reports Record 2019 Financial Results With 9% Increase in Net Income
- Highlights Net income for the year and quarter ended December 31, 2019, totaled $23,721,000 and $5,081,000, respectively. Basic earnings per share for the year and quarter.
- 01/28/2020
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ACNB Corporation Declares First Quarter Cash Dividend
- The Board of Directors of ACNB Corporation approved and declared the payment of the regular quarterly cash dividend. This per share amount reflects a nearly 9% increase over prior year same quarter and will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the first quarter of 2020. In comparison to a year ago, ACNB Corporation paid a $0.23 dividend per share in the first quarter of 2019.
- 01/23/2020
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ACNB Bank parent closes acquisition of Maryland bank
- ACNB Corp. has closed a $58 million acquisition of a Frederick bank, continuing its expansion across Maryland. The Gettysburg, Pennsylvania-based parent of ACNB Bank completed the $58 million acquisition of Frederick County Bancorp Inc., the parent of of Frederick County Bank, effective Jan. 11. Frederick County Bank will continue to operate as "FCB Bank, a division of ACNB Bank." Frederick County Bancorp shareholders received 0.99 shares of ACNB common stock for every share of Frederick County Bancorp they owned.
- 01/13/2020
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ACNB Corporation Announces Completion of the Acquisition of Frederick County Bancorp, Inc.
- GETTYSBURG, Pa., Jan. 13, 2020 -- ACNB Corporation (NASDAQ: ACNB), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC-insured community.
- 01/13/2020
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Does ACNB Corporation (NASDAQ:ACNB) Have A Good P/E Ratio?
- Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
- 01/07/2020
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ACNB Corporation Holds Special Meeting of Shareholders
- ACNB is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. ACNB shareholders voted in favor of the proposal to issue shares of ACNB common stock in connection with the merger.
- 12/23/2019
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ACNB Corporation Receives Regulatory Approvals to Acquire Frederick County Bancorp, Inc.
- ACNB Corporation (ACNB) (“ACNB”), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC insured community bank headquartered in Gettysburg, PA, announced today the receipt of all required regulatory approvals or waivers for ACNB’s proposed acquisition of Frederick County Bancorp, Inc. (FCBI) (“FCBI”) and its wholly-owned subsidiary, Frederick County Bank, headquartered in Frederick, MD.
- 12/17/2019
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Should You Worry About ACNB Corporation's (NASDAQ:ACNB) CEO Pay Cheque?
- James Helt became the CEO of ACNB Corporation (NASDAQ:ACNB) in 2017. This analysis aims first to contrast CEO...
- 12/02/2019
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ACNB Corp. - A Growing Pennsylvania Bank That's Performing Well
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ACNB Q3 EPS $0.89 Up From $0.86 YoY
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ACNB Corporation Reports 2019 Third Quarter Financial Results
- Highlights Net income for the three months ended September 30, 2019, totaled $6,310,000, which is an increase of $271,000 or 4.5% over comparable period results for the three.
- 10/30/2019
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What Kind Of Shareholder Appears On The ACNB Corporation's (NASDAQ:ACNB) Shareholder Register?
- Every investor in ACNB Corporation (NASDAQ:ACNB) should be aware of the most powerful shareholder groups. Generally...
- 10/25/2019
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ACNB Corporation Declares Fourth Quarter Cash Dividend
- The Board of Directors of ACNB Corporation approved and declared the payment of the regular quarterly cash dividend. The cash dividend of $0.25 per share is payable on December 13, 2019, to shareholders of record on November 29, 2019. This per share amount reflects a nearly 9% increase over prior year same quarter and will result in aggregate dividend payments of approximately $1.8 million to ACNB Corporation shareholders in the fourth quarter of 2019.
- 10/24/2019
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ACNB declares $0.25 dividend
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ACNB Corporation Recognized as One of Top 5… Fastest Growing Companies in Central Pennsylvania
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UBNK, FCBI, CART, and TOWR SHAREHOLDER ALERT: Rigrodsky & Long, P.A. ...
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ACNB declares $0.25 dividend
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FREDERICK COUNTY BANCORP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. ...
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ACNB Corp To Acquire Frederick County Bancorp
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ACNB to acquire Frederick County Bancorp
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ACNB Corporation Q1 EPS $0.83 vs $0.70 YoY
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ACNB Corp. Raises Qtr. Dividend From $0.23 To $0.25/Share
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ACNB declares $0.25 dividend
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ACNB Corporation (NASDAQ:ACNB), Comerica Incorporated (NYSE:CMA) - C&I Loans Surged Late 2018, But That's Set To Change In 2019
- 2018 was a year of massive growth among financial institutions. While national banks like Goldman Sachs Group Inc. (NYSE: GS) and Wells Fargo & Co. …
- 04/18/2019
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ACNB Corp (ACNB) Files –…-K for the Fiscal Year Ended on December '–, —…–8
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ACNB declares $0.23 dividend
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Stocks Trading Ex Dividend For Thurs., Nov. 29, 2018
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Stocks That Will Be Trading Ex Dividend Thurs., Nov. 29, 2018
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ACNB declares $0.23 dividend
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ACNB Corporation - Common Stock Q3 EPS $0.86 Up From $0.27 YoY
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Stocks Which Set New 52-Week High Yesterday, September 12
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Stocks Which Set New 52-Week High Yesterday, September 11th
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Stocks Trading Ex Dividend For Today, August 29th:
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ACNB declares $0.23 dividend
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ACNB Q2 EPS $0.78 Up From $0.45 YoY
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Brandes Investment's Top 7 Positions in the –st Quarter
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ACNB Corp. Q1 EPS $0.70 vs $0.43 In Prior Year Period, Sales $18.96M vs $13.61M In Prior Year Period
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ACNB Corp. Increases Qtr. Dividend From $0.20 To $0.23/Share
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ACNB goes ex-dividend tomorrow
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ACNB goes ex-dividend tomorrow
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ACNB goes ex-dividend on Monday
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ACNB Corporation Reports Thomas A. Ritter Retirement and Succession Effective May 5, 2017; Names James Helt Successor
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ACNB goes ex-dividend today
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Levi & Korsinsky, LLP Announces Investigation Into the Sale of New Windsor Bancorp (NWID) to ACNB Corporation
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Investors Should Keep An Eye On ACNB
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ACNB goes ex-dividend today
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Stocks Going Ex-Dividend The Fourth Week Of August
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First Bancorp Is Worth More Than Its 5% Dividend
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As Safe As It Gets, Is ACNB Corp's 3.9% Yield A Buy?
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ACNB Corporation Reports Q3 EPS of $0.44
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ACNB Corporation Reports Q1 EPS of $0.41
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High Yield Ex-Dividend Date Reminder for February 28, 2012
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