ACNB · ACNB Corporation

This capital return announcement reflects ACNB Corporation’s strong financial position and disciplined capital allocation strategy, as explicitly stated in Exhibit 99.1. Management attributes the actions — including the 10.5% increase in the regular quarterly dividend, the one-time $0.50 special dividend, and the new 310,000-share repurchase program — to 'exceptional financial performance' and 'surplus capital generated from strong earnings.' The Board’s decision to raise the base dividend while adding a special payout and initiating a new buyback underscores both confidence in ongoing profitability and balance sheet strength, particularly given the completion of the prior repurchase program. CEO James P. Helt emphasized that these measures are designed to 'drive superior value for shareholders while maintaining flexibility to invest in strategic priorities,' indicating no trade-off between shareholder returns and organic growth initiatives. The press release notes ACNB’s $3.27 billion asset size, diversified footprint across Pennsylvania and Maryland, and multi-line business model (banking, wealth management, insurance), which collectively support stable earnings generation. While no forward-looking earnings guidance is quantified in the filing, the language around 'solid balance sheet' and 'long-term growth prospects' implies continued operational resilience. Importantly, the new repurchase program is discretionary, subject to capital position, liquidity, market conditions, and regulatory requirements — meaning execution will be calibrated, not automatic. For investors, this represents a material, near-term enhancement to total shareholder return, with combined dividends totaling $0.92 per share in Q2 2026, significantly above prior quarters and signaling elevated capital generation capability.