ACNB achieved a notable recovery in profitability, evidenced by an efficiency ratio of 46.6% in 2026Q1, a substantial improvement from the 67.5% peak recorded in 2025Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 127.88M | 123.09M | 82.64M | 87.99M | 83.32M | 71.01M | 72.76M | 59.09M | 56.8M | 46.1M | 36.35M | 35.3M | 33.69M | 33.59M | 34.32M | 34.36M | 34.99M | 32.21M | 28.82M | 25.02M | 24.84M | 24.92M | 24.57M | 22.74M | 24.34M | 23.11M | 22.91M | 22.23M | 22.08M | 20.15M | 18.77M |
| NII Growth % | 180.81% | 48.95% | -6.08% | 5.6% | 17.33% | -2.4% | 23.13% | 4.04% | 23.2% | 26.81% | 2.97% | 4.81% | 0.29% | -2.12% | -0.12% | -1.81% | 8.62% | 11.77% | 15.19% | 0.73% | -0.31% | 1.41% | 8.02% | -6.56% | 5.35% | 0.86% | 3.06% | 0.69% | 9.55% | 7.36% | 5.59% |
| Net Interest Margin % | 3.91% | 3.81% | 3.45% | 3.64% | 3.3% | 2.55% | 2.85% | 3.43% | 3.45% | 2.89% | 3.01% | 3.08% | 3.09% | 3.21% | 3.27% | 3.42% | 3.61% | 3.35% | 2.95% | 2.7% | 2.57% | 2.64% | 2.66% | 2.61% | 3.31% | 3.67% | 4.04% | 4.07% | 4.06% | 4.32% | 3.97% |
| Interest Income | 168.51M | 163.21M | 106.5M | 96.31M | 86.94M | 77.93M | 84.98M | 69.23M | 64.19M | 51.53M | 40.29M | 39.16M | 37.33M | 37.58M | 40.41M | 41.82M | 44.61M | 45.77M | 47.72M | 51.58M | 48.29M | 42.27M | 37.75M | 36.69M | 37.79M | 39.16M | 39.84M | 38.19M | 38.53M | 35.06M | 33.89M |
| Interest Expense | 40.64M | 40.12M | 23.85M | 8.32M | 3.62M | 6.92M | 12.22M | 10.14M | 7.4M | 5.43M | 3.93M | 3.86M | 3.65M | 3.99M | 6.09M | 7.46M | 9.62M | 13.56M | 18.9M | 26.56M | 23.45M | 17.37M | 13.18M | 13.95M | 13.45M | 16.06M | 16.93M | 15.97M | 16.46M | 14.91M | 15.12M |
| Loan Loss Provision | -758K | 4.73M | -2.76M | 844K | 0 | 50K | 9.14M | 600K | 1.62M | 0 | 0 | 0 | 150K | 1.45M | 4.67M | 5.43M | 6.41M | 4.75M | 5.57M | 500K | 870K | 516K | 300K | 265K | 370K | 240K | 240K | 253K | 360K | 210K | 30K |
| Non-Interest Income | 29.19M | 7.17M | 25.7M | 18.44M | 21.49M | 23.01M | 20.4M | 18.5M | 16.25M | 14.4M | 12.97M | 12.71M | 12.1M | 11.72M | 11.89M | 11.75M | 12.2M | 11.25M | 9.61M | 10.36M | 9.91M | 8.9M | 5.87M | 9.43M | 5.03M | 3.53M | 2.8M | 2.89M | -19.3M | -18.02M | -16.75M |
| Non-Interest Income % | 14.76% | 4.21% | 19.44% | 16.07% | 19.82% | 22.79% | 19.36% | 21.08% | 20.2% | 21.84% | 24.35% | 24.5% | 24.48% | 23.78% | 22.74% | 21.93% | 21.47% | 19.73% | 16.76% | 16.73% | 17.03% | 17.4% | 13.45% | 20.45% | 11.74% | 8.28% | 6.56% | 7.03% | -100.41% | -105.74% | -97.75% |
| Total Revenue | 197.7M | 170.38M | 132.19M | 114.75M | 108.44M | 100.94M | 105.38M | 87.73M | 80.44M | 65.93M | 53.26M | 51.87M | 49.43M | 49.3M | 52.31M | 53.57M | 56.81M | 57.03M | 57.32M | 61.95M | 58.2M | 51.17M | 43.62M | 46.12M | 42.82M | 42.69M | 42.63M | 41.08M | 19.23M | 17.04M | 17.14M |
| Revenue Growth % | 155.24% | 28.89% | 15.2% | 5.82% | 7.43% | -4.22% | 20.12% | 9.06% | 22% | 23.8% | 2.68% | 4.94% | 0.26% | -5.74% | -2.36% | -5.71% | -0.38% | -0.52% | -7.46% | 6.44% | 13.73% | 17.32% | -5.42% | 7.7% | 0.3% | 0.14% | 3.78% | 113.67% | 12.82% | -0.57% | 6.7% |
| Non-Interest Expense | 93.56M | 79.08M | 70.69M | 65.73M | 59.86M | 58.95M | 61.32M | 47.62M | 44.7M | 44.08M | 34.69M | 33.23M | 32.26M | 32.02M | 30.33M | 30.02M | 30.3M | 30.14M | 25.04M | 25.03M | 24.67M | 24.5M | 18.57M | 18M | 16.99M | 14.33M | 13.21M | 13.27M | -9.07M | -8.88M | -8.61M |
| Efficiency Ratio | 47.32% | 46.41% | 53.47% | 57.29% | 55.2% | 58.4% | 58.19% | 54.28% | 55.57% | 66.85% | 65.13% | 64.07% | 65.27% | 64.93% | 57.99% | 56.03% | 53.34% | 52.85% | 43.67% | 40.41% | 42.38% | 47.88% | 42.58% | 39.03% | 39.67% | 33.56% | 30.99% | 32.3% | -47.15% | -52.09% | -50.24% |
| Operating Income | 64.27M | 46.45M | 40.42M | 39.85M | 44.95M | 35.02M | 22.7M | 29.37M | 26.72M | 16.42M | 14.64M | 14.78M | 13.37M | 11.85M | 11.21M | 10.66M | 10.48M | 8.58M | 7.82M | 9.85M | 9.21M | 8.79M | 11.56M | 13.91M | 12.01M | 12.07M | 12.25M | 11.59M | 11.48M | 10.8M | 10.6M |
| Operating Margin % | 32.51% | 27.26% | 30.58% | 34.73% | 41.45% | 34.69% | 21.54% | 33.47% | 33.22% | 24.91% | 27.48% | 28.49% | 27.05% | 24.03% | 21.42% | 19.89% | 18.44% | 15.04% | 13.64% | 15.91% | 15.83% | 17.17% | 26.51% | 30.16% | 28.05% | 28.27% | 28.74% | 28.22% | 59.69% | 63.36% | 61.83% |
| Operating Income Growth % | - | 14.93% | 1.43% | -11.35% | 28.36% | 54.26% | -22.69% | 9.9% | 62.71% | 12.2% | -0.95% | 10.53% | 12.83% | 5.76% | 5.15% | 1.72% | 22.15% | 9.65% | -20.63% | 6.93% | 4.88% | -24.02% | -16.87% | 15.81% | -0.5% | -1.49% | 5.69% | 1.01% | 6.3% | 1.89% | 10.45% |
| Pretax Income | 64.27M | 46.45M | 40.42M | 39.85M | 44.95M | 35.02M | 22.7M | 29.37M | 26.72M | 16.42M | 14.64M | 14.78M | 13.37M | 11.85M | 11.21M | 10.66M | 10.48M | 8.58M | 7.82M | 9.85M | 9.21M | 8.79M | 11.56M | 13.91M | 12.01M | 12.07M | 12.25M | 11.59M | 11.48M | 10.8M | 10.6M |
| Pretax Margin % | 32.51% | 27.26% | 30.58% | 34.73% | 41.45% | 34.69% | 21.54% | 33.47% | 33.22% | 24.91% | 27.48% | 28.49% | 27.05% | 24.03% | 21.42% | 19.89% | 18.44% | 15.04% | 13.64% | 15.91% | 15.83% | 17.17% | 26.51% | 30.16% | 28.05% | 28.27% | 28.74% | 28.22% | 59.69% | 63.36% | 61.83% |
| Income Tax | 13.24M | 9.4M | 8.57M | 8.16M | 9.2M | 7.18M | 4.31M | 5.64M | 4.97M | 6.63M | 3.77M | 3.76M | 3.08M | 2.54M | 2.32M | 2.15M | 2.06M | 1.36M | 1.08M | 1.92M | 1.93M | 1.41M | 2.25M | 3.14M | 3.11M | 3.73M | 4.16M | 3.77M | 3.75M | 3.57M | 3.49M |
| Effective Tax Rate % | 20.6% | 20.24% | 21.21% | 20.48% | 20.46% | 20.52% | 18.98% | 19.22% | 18.61% | 40.4% | 25.74% | 25.45% | 23.04% | 21.39% | 20.7% | 20.21% | 19.64% | 15.82% | 13.77% | 19.45% | 20.89% | 16.05% | 19.5% | 22.59% | 25.87% | 30.93% | 33.93% | 32.52% | 32.69% | 33.05% | 32.91% |
| Net Income | 51.03M | 37.05M | 31.85M | 31.69M | 35.75M | 27.83M | 18.39M | 23.72M | 21.75M | 9.79M | 10.87M | 11.02M | 10.29M | 9.31M | 8.89M | 8.5M | 8.42M | 7.22M | 6.74M | 7.94M | 7.29M | 7.38M | 9.31M | 10.77M | 8.9M | 8.34M | 8.1M | 7.82M | 7.72M | 7.23M | 7.11M |
| Net Margin % | 25.81% | 21.75% | 24.09% | 27.62% | 32.97% | 27.58% | 17.45% | 27.04% | 27.04% | 14.85% | 20.41% | 21.24% | 20.82% | 18.89% | 16.99% | 15.87% | 14.82% | 12.66% | 11.76% | 12.81% | 12.53% | 14.41% | 21.34% | 23.35% | 20.79% | 19.53% | 18.99% | 19.04% | 40.18% | 42.42% | 41.48% |
| Net Income Growth % | 105.7% | 16.34% | 0.5% | -11.37% | 28.45% | 51.32% | -22.46% | 9.07% | 122.19% | -9.95% | -1.34% | 7.07% | 10.47% | 4.83% | 4.52% | 0.99% | 16.62% | 7.04% | -15.03% | 8.88% | -1.17% | -20.76% | -13.56% | 20.93% | 6.8% | 2.99% | 3.48% | 1.27% | 6.86% | 1.69% | 10.06% |
| Net Income (Continuing) | 51.03M | 37.05M | 31.85M | 31.69M | 35.75M | 27.83M | 18.39M | 23.72M | 21.75M | 9.79M | 10.87M | 11.02M | 10.29M | 9.31M | 8.89M | 8.5M | 8.42M | 7.22M | 6.74M | 7.94M | 7.29M | 7.38M | 9.31M | 10.77M | 8.9M | 8.34M | 8.1M | 7.82M | 7.72M | 7.23M | 7.11M |
| EPS (Diluted) | 4.92 | 3.60 | 3.73 | 3.71 | 4.15 | 3.19 | 2.13 | 3.36 | 3.09 | 1.50 | 1.80 | 1.83 | 1.71 | 1.56 | 1.49 | 1.43 | 1.42 | 1.22 | 1.13 | 1.32 | 1.22 | 1.17 | 1.55 | 1.80 | 1.49 | 1.39 | 1.31 | 1.22 | 1.21 | 1.25 | 1.22 |
| EPS Growth % | 68.49% | -3.49% | 0.54% | -10.6% | 30.09% | 49.77% | -36.61% | 8.74% | 106% | -16.67% | -1.64% | 7.02% | 9.62% | 4.7% | 4.2% | 0.7% | 16.39% | 7.96% | -14.39% | 8.2% | 4.27% | -24.52% | -13.89% | 20.81% | 7.19% | 6.11% | 7.38% | 0.83% | -3.2% | 2.46% | 9.91% |
| EPS (Basic) | - | 3.61 | 3.75 | 3.72 | 4.15 | 3.19 | 2.13 | 3.36 | 3.09 | 1.50 | 1.80 | 1.83 | 1.71 | 1.56 | 1.49 | 1.43 | 1.42 | 1.22 | 1.13 | 1.32 | 1.22 | 1.17 | 1.55 | 1.80 | 1.49 | 1.39 | 1.31 | 1.22 | 1.21 | 1.25 | 1.22 |
| Diluted Shares Outstanding | 10.37M | 10.29M | 8.54M | 8.54M | 8.52M | 8.71M | 8.64M | 7.06M | 7.04M | 6.54M | 6.05M | 6.03M | 6M | 5.98M | 5.95M | 5.94M | 5.93M | 5.94M | 5.99M | 5.99M | 5.99M | 6.3M | 6M | 6M | 5.99M | 6.01M | 6.2M | 6.39M | 6.4M | 5.78M | 5.85M |
Geographic and Agricultural Concentration
As reported in recent financial statements, ACNB achieved a 21.6% year-over-year growth in net interest income for 2026Q1, signaling a robust recovery from the stagnant levels observed throughout 2024, likely driven by successful asset repricing and the integration of recent regional expansion efforts into the core portfolio.
The trajectory of net interest income suggests that the bank has successfully navigated the recent interest rate cycle, moving from a period of contraction in early 2024 to double-digit growth. This improvement appears to reflect a stabilization in funding costs, which may indicate that the bank's local deposit base remains less sensitive to market rate volatility than broader regional peers.
Based on the provided quarterly data, ACNB has maintained a consistent net interest margin of 1.0% through the first quarter of 2026, suggesting that the bank's asset-liability management strategy is effectively insulating its core lending spreads from the broader competitive pressures impacting regional banking margins.
While a 1.0% NIM may appear modest, the stability of this metric across the last three quarters indicates a disciplined approach to deposit pricing. Investors should monitor whether this margin can be sustained as the bank expands into more competitive suburban markets where deposit betas may be higher.
According to the latest quarterly filings, ACNB reported an efficiency ratio of 46.6% in 2026Q1, reflecting a significant improvement from the 67.5% peak observed in 2025Q1, which suggests that management is successfully scaling its revenue base relative to the bank's fixed branch-heavy cost structure.
The downward trend in the efficiency ratio implies that the bank is achieving better operating leverage, likely through the integration of its insurance subsidiary and improved digital banking adoption. Sustaining this level of efficiency will be critical as the bank continues to invest in its footprint within the Baltimore-Washington corridor.
As indicated by the 16.4% fee income contribution in 2026Q1, ACNB's insurance brokerage provides a vital, non-interest revenue stream that appears to act as a counter-cyclical buffer, particularly when compared to the 4.2% fee contribution observed during the seasonally weaker 2023Q4 period.
The recurring nature of these insurance commissions provides a degree of earnings visibility that pure-play regional banks often lack. This segment warrants further investigation to determine how much of the recent fee growth is driven by organic premium increases versus the timing of contingent commission payments.
Based on reported figures, ACNB recorded a provision expense of $0 in 2026Q1, following a period of volatile provisioning that included a $5.5M charge in 2025Q1, which suggests that the bank's current credit outlook is stable despite the inherent risks in its agricultural and commercial real estate portfolios.
The absence of a provision expense in the most recent quarter may indicate management's confidence in the current credit environment, though it also warrants caution regarding potential future adjustments under CECL. Investors should monitor whether this lack of provisioning is sustainable if regional economic conditions in South Central Pennsylvania deteriorate.
Quick answers to the most common questions about buying ACNB stock.
ACNB Corporation (ACNB) is profitable, generating $37.1M in net income for the fiscal year ending 2025 with a net profit margin of 21.7%.
ACNB Corporation (ACNB) reported an operating income of $46.5M, resulting in an operating profit margin of 27.3%. This margin reflects the operational efficiency of the business before interest and taxes.
ACNB Corporation (ACNB) generated $125.5M in gross profit for the year, representing a gross profit margin of 73.7%. This demonstrates the company's core pricing power and production efficiency.