$ACNB

ACNB CORP

CIK:0000715579|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Loans, including fees:
Taxable	$ 37,883	$ 36,555	$ 74,185	$ 68,231
Tax-exempt	349	317	687	609
Investment Securities:
Taxable	4,343	3,283	8,584	6,185
Tax-exempt	320	283	634	571
Dividends	266	307	600	647
Other	524	831	1,227	1,623
Total Interest and Dividend Income	43,685	41,576	85,917	77,866
INTEREST EXPENSE
Deposits	6,614	7,284	13,001	13,280
Short-term borrowings	552	341	1,115	635
Long-term borrowings	2,517	2,939	5,284	5,849
Total Interest Expense	9,683	10,564	19,400	19,764
Net Interest Income	34,002	31,012	66,517	58,102
Provision for (reversal of) credit losses	554	(228)	478	5,740
Reversal of provision for unfunded commitments	(107)	(354)	(120)	(834)
Net Interest Income after Provision for (Reversal of) Credit Losses and Unfunded Commitments	33,555	31,594	66,159	53,196
NONINTEREST INCOME
Insurance commissions	2,991	2,908	5,119	5,055
Earnings on investment in bank-owned life insurance	756	627	1,493	1,207
Gain on assets held for sale	0	0	177	0
Gain on life insurance proceeds	0	31	174	285
Other	245	342	734	691
Net gains on sales or calls of investment securities	0	22	49	22
Net (losses) gains on equity securities	(4)	3	(11)	17
Total Noninterest Income	8,818	8,682	17,092	15,866
NONINTEREST EXPENSES
Salaries and employee benefits	13,761	13,693	27,788	26,554
Equipment	2,552	2,539	5,152	4,819
Net occupancy	1,209	1,277	2,742	2,719
Intangible assets amortization	1,028	1,141	2,084	1,998
Professional services	736	743	1,414	1,320
Other tax	317	220	894	747
FDIC and regulatory	459	435	901	836
Merger-related	0	1,943	0	9,974
Other	3,063	3,375	5,765	5,734
Total Noninterest Expenses	23,125	25,366	46,740	54,701
Income Before Income Taxes	19,248	14,910	36,511	14,361
Income tax expense	4,034	3,262	7,594	2,985
Net Income	$ 15,214	$ 11,648	$ 28,917	$ 11,376
PER SHARE DATA
Basic earnings (in dollars per share)	$ 1.50	$ 1.11	$ 2.82	$ 1.12
Diluted earnings (in dollars per share)	$ 1.49	$ 1.11	$ 2.81	$ 1.12
Weighted average shares of common stock outstanding, basic (in shares)	10,170,860	10,451,469	10,259,205	10,130,666
Weighted average shares of common stock outstanding, diluted (in shares)	10,212,225	10,487,519	10,288,802	10,157,331
Gain from mortgage loans held for sale
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	$ 1,463	$ 1,575	$ 2,689	$ 2,430
Service charges on deposits
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	1,243	1,179	2,478	2,273
Wealth management
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	1,191	1,090	2,351	2,150
ATM debit card charges
NONINTEREST INCOME
Revenue from contract with customer, excluding assessed tax	$ 933	$ 905	$ 1,839	$ 1,736

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 15,214	$ 13,703	$ 11,648	$ (272)	$ 28,917	$ 11,376
Adjustments to reconcile net income to net cash provided by operating activities:
Gain from mortgage loans held for sale					(2,689)	(2,430)
Earnings on investment in bank-owned life insurance	(756)		(627)		(1,493)	(1,207)
Net gains on sales or calls of investment securities	0		(22)		(49)	(22)
Net losses (gains) on equity securities	4		(3)		11	(17)
Gain on sales of assets held for sale					(177)	0
Restricted stock compensation expense					1,198	888
Depreciation and amortization					3,254	3,218
Net accretion of purchase accounting adjustments					(3,636)	(3,727)
Provision for credit losses and reversal of unfunded commitments					358	4,906
Net amortization of investment securities premiums					207	707
Amortization of issuance costs on long-term borrowings					24	0
Decrease (increase) in interest receivable					30	(72)
Decrease in interest payable					(190)	(911)
Mortgage loans originated for sale					(111,540)	(81,439)
Proceeds from sales of loans originated for sale					108,871	80,352
Increase in other assets					(1,698)	(6,777)
Deferred income tax					141	5,577
(Decrease) increase in other liabilities					(665)	3,827
Net Cash Provided by Operating Activities					20,874	14,249
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from calls/maturities of investment securities held to maturity					693	335
Proceeds from calls/maturities of investment securities available for sale					23,180	25,976
Proceeds from sales of investment securities available for sale					22,193	98,272
Purchase of investment securities available for sale					(48,320)	(76,934)
Net (purchases) redemption of restricted investment in bank stocks					(53)	643
Net increase in loans					(64,627)	(6,843)
Gain on life insurance proceeds	0		(31)		(174)	(285)
Net cash and cash equivalents received from acquisition					0	36,206
Capital expenditures					(850)	(474)
Proceeds from sales of assets held for sale					452	0
Net Cash (Used in) Provided by Investing Activities					(67,506)	76,896
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in noninterest-bearing deposits					46,856	6,426
Net increase (decrease) in interest-bearing deposits					38,595	(15,899)
Net increase in short-term borrowings					43,519	27,215
Proceeds from long-term borrowings					14,462	0
Repayments on long-term borrowings					(55,000)	(40,188)
Dividends paid					(13,245)	(6,923)
Common stock repurchased					(12,747)	(5,964)
Common stock issued, net of restricted stock forfeitures and withheld for taxes					379	35
Net Cash Provided by (Used in) Financing Activities					62,819	(35,298)
Net Increase in Cash and Cash Equivalents					16,187	55,847
CASH AND CASH EQUIVALENTS — BEGINNING		$ 65,648		$ 47,262	65,648	47,262	$ 47,262
CASH AND CASH EQUIVALENTS — ENDING	$ 81,835		$ 103,109		81,835	103,109	$ 65,648
Supplemental disclosures of cash flow information
Cash paid for interest					19,590	19,262
Cash paid for Federal income taxes					7,000	1,100
Cash paid for State income taxes					330	111
Supplemental disclosures of certain noncash activities:
Recognition of operating lease right of use assets					279	729
Recognition of operating lease liabilities					279	729
Premises and equipment, net transferred to assets held for sale					2,346	0
Transfer of Portfolio Loans and Leases to Held-for-sale Including Other Foreclosed Transactions					569	0
Net assets acquired					0	877,557
Liabilities assumed					0	793,908
Common shares issued					$ 0	$ 83,649