ACNB · ACNB Corporation

ACNB Corporation delivered robust Q1 2026 results with net income of $13.7 million and diluted EPS of $1.32, a sharp turnaround from the Q1 2025 net loss of $272 thousand driven by $4.2 million after-tax provision for credit losses on PCD loans and $6.2 million merger-related expenses tied to the February 1, 2025 acquisition of Traditions Bancorp, Inc. Compared to Q4 2025's $10.8 million net income, growth reflected stronger noninterest income, including gains from mortgage loans held for sale, bank-owned life insurance, and a building sale, despite a slight dip in net interest income due to fewer interest accrual days and lower average earning assets. FTE net interest margin expanded 39 basis points year-over-year to 4.46%, fueled by the prior balance sheet restructuring, acquisition impacts, and higher yields on new loans and securities, with loan yields at 6.35% and securities at 3.66%. Noninterest expense declined $5.7 million year-over-year absent merger costs, though salaries rose from acquisition headcount and seasonal factors. Asset quality remained stable with non-performing loans at 0.41% and net recoveries, while loans grew 0.8% to $2.35 billion on commercial real estate demand and noninterest-bearing deposits surged 4.0%. Strong capital at 10.67% tangible common equity ratio and ongoing buybacks signal shareholder focus. Management highlighted core banking strategy, expense discipline, and liquidity for sustained growth amid conservative underwriting.