Net interest income rose 9.3% year over year to $34.8M in 2026Q3 with net interest margin near 1.1% and fee income of $9.0M, though quarterly fee share has swung between roughly 9% and 23%.
ACNB Corporation (ACNB) annual income statement — 30-year revenue, gross profit & net income history
| 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 | 134.14M | 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 % | 98.95% | 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 % | 4.06% | 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 | 173.72M | 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 | 39.58M | 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 | 1.9M | 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 | 29.31M | 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 % | 17.93% | 5.51% | 23.72% | 17.33% | 20.5% | 24.47% | 21.9% | 23.84% | 22.24% | 23.8% | 26.3% | 26.47% | 26.42% | 25.87% | 25.74% | 25.48% | 25.85% | 25.89% | 25% | 29.29% | 28.52% | 26.32% | 19.27% | 29.31% | 17.12% | 13.26% | 10.88% | 11.5% | -696.68% | -846.06% | -831.05% |
| Total Net Revenue | 163.45M | 130.26M | 108.34M | 106.43M | 104.81M | 94.02M | 93.16M | 77.59M | 73.04M | 60.5M | 49.33M | 48.01M | 45.78M | 45.31M | 46.21M | 46.11M | 47.19M | 43.47M | 38.43M | 35.38M | 34.75M | 33.82M | 30.43M | 32.17M | 29.37M | 26.64M | 25.7M | 25.12M | 2.77M | 2.13M | 2.02M |
| Revenue Growth % | 15.57% | 20.23% | 1.8% | 1.54% | 11.48% | 0.93% | 20.07% | 6.22% | 20.73% | 22.66% | 2.73% | 4.87% | 1.03% | -1.94% | 0.23% | -2.29% | 8.57% | 13.11% | 8.6% | 1.82% | 2.76% | 11.12% | -5.41% | 9.55% | 10.25% | 3.63% | 2.35% | 806.39% | 30.09% | 5.65% | 23.91% |
| Non-Interest Expense | 92.17M | 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 | 56.39% | 60.71% | 65.24% | 61.76% | 57.11% | 62.7% | 65.82% | 61.38% | 61.2% | 72.86% | 70.33% | 69.22% | 70.47% | 70.65% | 65.64% | 65.1% | 64.22% | 69.34% | 65.15% | 70.74% | 70.98% | 72.44% | 61.02% | 55.94% | 57.84% | 53.78% | 51.4% | 52.83% | -327.17% | -416.76% | -427.13% |
| Operating Income | 69.37M | 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 % | 42.44% | 35.66% | 37.31% | 37.44% | 42.89% | 37.25% | 24.37% | 37.85% | 36.58% | 27.14% | 29.67% | 30.78% | 29.2% | 26.15% | 24.25% | 23.11% | 22.2% | 19.73% | 20.35% | 27.85% | 26.52% | 25.98% | 37.99% | 43.24% | 40.9% | 45.31% | 47.67% | 46.16% | 414.18% | 506.9% | 525.64% |
| 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 | 69.37M | 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 % | 42.44% | 35.66% | 37.31% | 37.44% | 42.89% | 37.25% | 24.37% | 37.85% | 36.58% | 27.14% | 29.67% | 30.78% | 29.2% | 26.15% | 24.25% | 23.11% | 22.2% | 19.73% | 20.35% | 27.85% | 26.52% | 25.98% | 37.99% | 43.24% | 40.9% | 45.31% | 47.67% | 46.16% | 414.18% | 506.9% | 525.64% |
| Income Tax | 13.92M | 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 % | 20.07% | 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 | 55.45M | 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 % | 33.92% | 28.44% | 29.39% | 29.77% | 34.11% | 29.6% | 19.74% | 30.57% | 29.77% | 16.18% | 22.04% | 22.95% | 22.48% | 20.56% | 19.23% | 18.44% | 17.84% | 16.61% | 17.55% | 22.43% | 20.98% | 21.81% | 30.58% | 33.47% | 30.32% | 31.3% | 31.49% | 31.15% | 278.78% | 339.39% | 352.63% |
| Net Income Growth % | 68.84% | 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) | 55.45M | 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) | 5.45 | 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 % | 65.02% | -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 | 10.17M | 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 |
Quick answers to the most common questions about buying ACNB stock.
For fiscal year 2025, ACNB Corporation (ACNB) reported total revenue of $130.3M. This represents a 6361.5% increase compared to $2.0M in 1996.
ACNB Corporation (ACNB) is profitable, generating $37.1M in net income for the fiscal year ending 2025 with a net profit margin of 28.4%.
ACNB Corporation (ACNB) reported an operating income of $46.5M, resulting in an operating profit margin of 35.7%. 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 96.4%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Elevated Debt-to-Equity Leverage
Metrics are mathematically derived from official filings.
NII Rebuilding Through Loan Volume Gains
Based on reported figures, ACNB's net interest income climbed from $20.7M in 2024Q3 to $34.8M in 2026Q3, a rise that appears driven more by balance sheet expansion and the Frederick County Bank integration than by rate tailwinds alone.
The 9.3% sequential NII growth in the latest quarter suggests the loan book continues to compound at a pace that outruns deposit repricing. Investors should monitor whether the 1.1% NIM holds as deposit betas rise, since the step-up in NII may partly reflect acquired balances rather than organic pricing power.
Efficiency Ratio Improving but Still Elevated
According to reported quarterly results, ACNB's efficiency ratio improved from 85.6% in 2025Q1 to 53.0% in 2026Q3, indicating that revenue growth has outpaced non-interest expense growth over the recent period.
A sub-55% efficiency ratio suggests meaningful operating leverage has returned as the acquired franchise scales onto the existing branch and technology base. The trend warrants continued monitoring, however, because the 2025Q1 spike indicates how sensitive reported cost ratios can be to one-time integration charges and quarterly revenue timing.
Provisioning Normalizing After Volatile Quarters
Based on EDBL-style reporting conventions applied here, ACNB's provision expense moved from a $5.5M charge in 2025Q1 to zero in 2026Q1, with the 2026Q3 provision at $903K, suggesting a credit cycle that has stabilized.
The swing from a large 2025Q1 provision to near-zero in 2026Q1 likely reflects both acquisition-related reserve dynamics and a benign loss environment in the agricultural and commercial real estate book. The modest $903K provision in the latest quarter appears consistent with stable asset quality, though the agricultural concentration in South Central Pennsylvania means this calm should be stress-tested against commodity cycles.
Fee Income Mix Shifts With Insurance Seasonality
As reported in financial statements, ACNB's non-interest income swung from $3.2M in 2025Q4 to $9.0M in 2026Q3, with fee share of total revenue fluctuating between roughly 9% and 23% across the period.
This volatility is consistent with the timing of contingent commissions from insurance carriers, which are typically recognized irregularly rather than evenly across quarters. Analysts should normalize fee income over trailing periods before drawing conclusions about the run-rate contribution of the brokerage segment to overall earnings quality.
Leverage and Deposit Beta Pressure Challenge Thesis
Based on the reported Debt-to-Equity of 0.78, ACNB carries a heavier debt load than the stable margin profile alone might suggest, and this may constrain flexibility if deposit competition from digital banks intensifies.
The 1.0% to 1.1% NIM range sits within a band that could compress quickly if deposit betas rise faster than asset yields reprice, particularly given increasing competition from digital-only institutions. Investors should monitor whether the reliance on acquired and wholesale funding grows, as this may weaken the premise that the local deposit franchise fully insulates earnings from rate pressure.