ENBP · ENB Financial Corp

ENB Financial Corp’s 2026 Annual Meeting marked a pivotal inflection point: the formalization of a leadership transition with Rachel G. Bitner named President and CEO Elect ahead of Jeffrey S. Stauffer’s December 2026 retirement after 45 years of service, and the operational integration of its first acquisition—Cecil Bancorp, Inc.—which closed on February 1, 2026. The $21.6M net income for 2025 represents a 40.8% increase over 2024, attributed directly to record financial performance and strategic expansion into Cecil County, Maryland, adding four full-service branches. While Q1 2026 GAAP net income declined 6.8% year-over-year to $4.0M, management presented a Non-GAAP adjusted figure of $5.9M—$2.2M higher—by excluding merger and conversion-related expenses of $2.2M, indicating that acquisition-driven costs temporarily suppressed reported earnings. Balance sheet growth was robust: total assets rose 7.4% to $2.42B by March 31, 2026, with deposits increasing 10.3% to $2.07B and loans growing 8.7% to $1.65B—evidence of successful cross-selling and market penetration post-acquisition. Key efficiency metrics shifted meaningfully: the efficiency ratio worsened to 78.0% on a GAAP basis but improved to 68.8% on a Non-GAAP basis, underscoring management’s view that integration costs are transitory. The ratification of S.R. Snodgrass, P.C. as auditor and unanimous election of the Class C slate signal board continuity and shareholder confidence amid this strategic evolution. With Stauffer stepping down and Bitner assuming expanded responsibilities—including oversight of both ENB Financial Corp and Ephrata National Bank—the company is positioning itself as a scaled, community-focused institution anchored by local decision-making and relationship-based banking, now operating across Pennsylvania and Maryland.