Quarterly ResultAug 6, 2026, 02:14 PM
ACNB Q2 Net Income Jumps 30.6% to $15.2M; EPS $1.50
AI Summary
ACNB Corporation reported a strong second quarter with net income increasing 30.6% to $15.2 million, or $1.50 per basic share, compared to the same period last year. Year-to-date net income surged 154.2% to $28.9 million, or $2.82 per basic share, primarily driven by higher net interest income, increased noninterest income, and significantly lower noninterest expenses due to reduced merger-related costs. The company also saw growth in total assets, loans, and deposits, alongside a decrease in nonperforming loans and continued share repurchases.
Key Highlights
- Net income for Q2 2026 increased 30.6% to $15.2 million from $11.6 million in Q2 2025.
- Basic earnings per share for Q2 2026 rose 35.1% to $1.50 from $1.11 in Q2 2025.
- Year-to-date net income for H1 2026 surged 154.2% to $28.9 million from $11.4 million in H1 2025.
- Total assets grew 2.8% to $3.32 billion at June 30, 2026, from $3.23 billion at December 31, 2025.
- Total loans, net, increased 2.9% to $2.37 billion at June 30, 2026, from $2.31 billion at December 31, 2025.
- Nonperforming loans decreased 8.4% to $9.8 million at June 30, 2026, from $10.7 million at December 31, 2025.
- ACNB repurchased 123,099 shares in Q2 2026 and approved a new plan for up to 310,000 shares.
- Employee Stock Purchase Plan (ESPP) approved on May 5, 2026, reserving 300,000 shares.
Price Impact
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