ACNB

GETTYSBURG, Pa., Oct. 22, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) ("ACNB" or the "Corporation"), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $15.7 million, or $1.55 diluted earnings per share, for the three months ended September 30, 2026 compared to net income of $15.2 million, or $1.49 diluted earnings per share, for the three months ended June 30, 2026 and compared to net income of $14.9 million, or $1.42 diluted earnings per share, for the three months ended September 30, 2025. ACNB completed the acquisition of Traditions Bancorp, Inc. on February 1, 2025 ("Acquisition"). 2026 Third Quarter Highlights - Return on average assets was 1.87% and return on average equity was 14.67% for the three months ended September 30, 2026 - Fully taxable equivalent ("FTE") net interest margin was 4.56% for both the three months ended September 30, 2026 and the three months ended June 30, 2026, and 4.27% for the three months ended September 30, 2025 - Total noninterest-bearing deposits were $612.6 million at September 30, 2026, an increase of 2.0% from June 30, 2026; equating to an annualized growth rate of 8.17% - Tangible common equity to tangible assets ratio1 of 10.47% at September 30, 2026 and June 30, 2026 compared to 10.14% at September 30, 2025 - ACNB repurchased 11,288 shares of ACNB common stock in open market transactions during the three months ended September 30, 2026 at a weighted average price of $65.01 per share. There are 242,404 shares remaining in the current open market repurchase plan - ACNB paid a regular quarterly cash dividend of $0.42 during the three months ended September 30, 2026 and the three months ended June 30, 2026, an increase of $0.08, or 23.5%, over the $0.34 regular cash dividend paid during the three months ended September 30, 2025 1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document. "We are pleased to report the strongest quarterly earnings performance in our Company's 169-year history, reflecting the enduring strength of our community banking franchise, disciplined execution, and unwavering focus on serving our customers and communities," said James P. Helt, ACNB Corporation President and Chief Executive Officer. "During the quarter, we achieved modest loan growth, saw solid core funding growth that allowed us to pay off some brokered deposits, and continued to demonstrate resilient asset quality performance. While we experienced an isolated credit issue during the quarter, our overall credit metrics remain sound and consistent with our long-standing conservative risk management culture. These results highlight the dedication of our employees, the trust of our customers, and the strength of a relationship-based banking model that continues to create value for our shareholders." Mr. Helt continued, "As we look ahead, we remain well positioned to capitalize on growth opportunities while maintaining the financial strength and discipline that have defined our Company for nearly 170 years." Net Interest Income and Margin Net interest income for the three months ended September 30, 2026 totaled $34.8 million, an increase of $773 thousand from the three months ended June 30, 2026 and an increase of $2.6 million from the three months ended September 30, 2025. The increases were driven primarily by loan growth and loan and investment securities funded during the quarter at higher rates than those that paid off or matured. In addition, the yield on investment securities during the quarter compared to the same quarter in the prior year was impacted by a repositioning of the investment securities portfolio completed during the three months ended December 31, 2025. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $1.6 million, $1.8 million and $2.1 million for the three months ended September 30, 2026, the three months ended June 30, 2026 and the three months ended September 30, 2025, respectively. | | | | | | | | | | | Three Months Ended | September 2026 vs. June 2026 | | September 2026 vs. September 2025 | September 30, 2026 | June 30, 2026 | September 30, 2025 | Variance | | Variance (Dollars in thousands) | Average Balance | Yield/Rate | Average Balance | Yield/Rate | Average Balance | Yield/Rate | Average Balance | Yield/Rate | | Average Balance | Yield/Rate ASSETS | | | | | | | | | | | Total Loans1 | $ | 2,417,290 | 6.44 | % | $ | 2,401,287 | 6.40 | % | $ | 2,356,641 | 6.29 | % | $ | 16,003 | | 0.04 | % | | $ | 60,649 | 0.15 | % Total Investments2 | | 544,488 | 3.73 | | | 546,267 | 3.68 | | | 538,474 | 3.03 | | | (1,779 | ) | 0.05 | | | | 6,014 | 0.70 | Total Earning Assets | | 3,043,502 | 5.88 | | | 3,003,725 | 5.86 | | | 2,998,405 | 5.64 | | | 39,777 | | 0.02 | | | | 45,097 | 0.24 | Total Assets | | 3,331,647 | | | 3,289,674 | | | 3,278,215 | | | 41,973 | | | | | 53,432 | LIABILITIES | | | | | | | | | | | Total Interest-Bearing Deposits | $ | 1,918,307 | 1.38 | % | $ | 1,951,477 | 1.36 | % | $ | 1,916,928 | 1.42 | % | $ | (33,170 | ) | 0.02 | % | | $ | 1,379 | (0.04 | )% Noninterest-bearing demand deposits | | 615,423 | | | 583,453 | | | 593,800 | | | 31,970 | | | | | 21,623 | Total Borrowings | | 330,789 | 4.22 | | | 288,304 | 4.27 | | | 325,747 | 4.24 | | | 42,485 | | (0.05 | ) | | | 5,042 | (0.02 | ) Total Interest-Bearing Liabilities | | 2,249,096 | 1.80 | | | 2,239,781 | 1.73 | | | 2,242,675 | 1.83 | | | 9,315 | | 0.07 | | | | 6,421 | (0.03 | ) Total Liabilities and Stockholders' Equity | | 3,331,647 | | | 3,289,674 | | | 3,278,215 | | | 41,973 | | | | | 53,432 | FTE Net Interest Margin | | 4.56 | % | | 4.56 | % | | 4.27 | % | | — | % | | | 0.29 | % | | | | | | | | | | | | | | | | 1 Average balances include non-accrual loans and are net of unearned income. 2 Average balances of investment securities is computed at fair value. Three months ended September 30, 2026 compared to three months ended June 30, 2026 The FTE net interest margin was consistent with the three months ended June 30, 2026. - Average loan balances increased $16.0 million, driven primarily by growth in the real estate construction portfolio - The yields on average loans and average investment securities increased 4 and 5 basis points, respectively, driven primarily by loans and investment securities funded during the quarter at higher rates than those that paid off or matured - Average noninterest-bearing deposits increased $32.0 million driven primarily by promotional incentives on commercial checking accounts and seasonal influxes of municipal deposits Three months ended September 30, 2026 compared to three months ended September 30, 2025 The FTE net interest margin increased 29 basis points from the three months ended September 30, 2025 driven primarily by loan growth, loans and investment securities funded during the quarter at higher rates than those that paid off or matured and the continued benefit of lower funding costs. In addition, the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025 contributed to higher yields. - Average loan balances increased $60.6 million driven primarily by growth in the commercial real estate portfolio - The yields on average loans and average investment securities increased 15 and 70 basis points, respectively, driven primarily by loans and investment securities funded during the quarter at higher rates than those that paid off or matured and the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025 - Average noninterest-bearing deposits increased $21.6 million driven primarily by promotional incentives on commercial checking accounts Noninterest Income | | | | | Three Months Ended | September 2026 vs. June 2026 Variance | | September 2026 vs. September 2025 Variance | September 30, | June 30, | September 30, | (In thousands) | | 2026 | | | 2026 | | 2025 | $ | % | | $ | % Insurance commissions | $ | 2,667 | | $ | 2,991 | | $ | 2,545 | $ | (324 | ) | (10.8 | )% | | $ | 122 | | 4.8 | % Gain from mortgage loans held for sale | | 1,000 | | | 1,463 | | | 1,463 | | (463 | ) | (31.6 | ) | | | (463 | ) | (31.6 | ) Service charges on deposits | | 1,304 | | | 1,243 | | | 1,286 | | 61 | | 4.9 | | | | 18 | | 1.4 | Wealth management | | 1,253 | | | 1,191 | | | 1,125 | | 62 | | 5.2 | | | | 128 | | 11.4 | ATM debit card charges | | 932 | | | 933 | | | 904 | | (1 | ) | (0.1 | ) | | | 28 | | 3.1 | Earnings on investment in bank-owned life insurance | | 776 | | | 756 | | | 651 | | 20 | | 2.6 | | | | 125 | | 19.2 | Gain on life insurance proceeds | | 687 | | | — | | | — | | 687 | | 100.0 | | | | 687 | | 100.0 | Other | | 448 | | | 245 | | | 428 | | 203 | | 82.9 | | | | 20 | | 4.7 | Net (losses) gains on equity securities | | (35 | ) | | (4 | ) | | 9 | | (31 | ) | N/M | | | | (44 | ) | N/M | Total Noninterest Income | $ | 9,032 | | $ | 8,818 | | $ | 8,411 | $ | 214 | | 2.4 | % | | $ | 621 | | 7.4 | % Explanations for the more significant fluctuations by period and category are detailed below: Three months ended September 30, 2026 compared to three months ended June 30, 2026 - The decrease in insurance commissions was driven primarily by contingent commission income received during the three months ended June 30, 2026 related to 2025 performance, partially offset by higher policy renewals during the three months ended September 30, 2026 - The decrease in gain from mortgage loans held for sale was driven primarily by a decrease in mortgage loan originations compared to the prior quarter as a result of seasonality and rate volatility - The increase in gain on life insurance proceeds was the result of a death benefit received in the current quarter - The increase in other was driven primarily by an annual check ordering volume incentive during the current quarter Three months ended September 30, 2026 compared to three months ended September 30, 2025 - The decrease in gain from mortgage loans held for sale was driven primarily by a decrease in loan originations primarily as a result of rate volatility - The increase in wealth management was driven primarily by assets under management growth due to new business generation and positive market impacts - The increase in earnings on investment in bank-owned life insurance was driven primarily by the purchase of new policies in the fourth quarter of 2025 - The increase in gain on life insurance proceeds was the result of a death benefit received in the current quarter Noninterest Expense | Three Months Ended | September 2026 vs. June 2026 Variance | | September 2026 vs. September 2025 Variance | September 30, | June 30, | September 30, | | | | | (In thousands) | 2026 | 2026 | 2025 | $ | % | | $ | % Salaries and employee benefits | $ | 14,055 | $ | 13,761 | $ | 13,191 | $ | 294 | | 2.1 | % | | $ | 864 | | 6.5 | % Equipment | | 2,313 | | 2,552 | | 2,302 | | (239 | ) | (9.4 | ) | | | 11 | | 0.5 | Net occupancy | | 1,208 | | 1,209 | | 1,217 | | (1 | ) | (0.1 | ) | | | (9 | ) | (0.7 | ) Intangible assets amortization | | 1,017 | | 1,028 | | 1,129 | | (11 | ) | (1.1 | ) | | | (112 | ) | (9.9 | ) Professional services | | 801 | | 736 | | 588 | | 65 | | 8.8 | | | | 213 | | 36.2 | Other tax | | 661 | | 317 | | 561 | | 344 | | 108.5 | | | | 100 | | 17.8 | FDIC and regulatory | | 440 | | 459 | | 457 | | (19 | ) | (4.1 | ) | | | (17 | ) | (3.7 | ) Merger-related | | — | | — | | 169 | | — | | — | | | | (169 | ) | (100.0 | ) Other | | 2,725 | | 3,063 | | 2,747 | | (338 | ) | (11.0 | ) | | | (22 | ) | (0.8 | ) Total Noninterest Expense | $ | 23,220 | $ | 23,125 | $ | 22,361 | $ | 95 | | 0.4 | % | | $ | 859 | | 3.8 | % Explanations for the more significant fluctuations by period and category are detailed below: Three months ended September 30, 2026 compared to three months ended June 30, 2026 - The increase in salaries and employee benefits was driven primarily by higher employee insurance expense, higher incentive compensation and higher insurance producer commissions - The decrease in equipment was driven primarily by timing of purchases of computer hardware and software - The increase in other tax was driven primarily by earned income tax credits received in the prior quarter as a result of community investment contributions - The decrease in other was driven primarily by the community investment contributions incurred in the prior quarter Three months ended September 30, 2026 compared to three months ended September 30, 2025 - The increase in salaries and employee benefits was driven primarily by higher incentive compensation expenses, merit increases and higher employee insurance expense - The increase in professional services was driven primarily by higher legal and advisory services related to corporate initiative expenses, including software modernization and employee stock purchase plan fees - The increase in other tax was driven primarily by asset and capital growth - The decrease in merger-related was driven by the lack of Acquisition related expenses in the current period Loans and Asset Quality | | | | Variance | | | | September 2026 | September 2026 | September 30, | June 30, | September 30, | vs. | vs. (In thousands) | 2026 | 2026 | 2025 | June 2026 | September 2025 Commercial real estate | $ | 1,324,489 | | $ | 1,333,050 | | $ | 1,263,896 | | $ | (8,561 | ) | $ | 60,593 | Residential mortgage | | 605,815 | | | 602,738 | | | 593,283 | | | 3,077 | | | 12,532 | Commercial and industrial | | 217,195 | | | 217,151 | | | 218,364 | | | 44 | | | (1,169 | ) Home equity lines of credit | | 122,840 | | | 122,164 | | | 125,839 | | | 676 | | | (2,999 | ) Real estate construction | | 128,349 | | | 115,091 | | | 126,451 | | | 13,258 | | | 1,898 | Consumer | | 10,252 | | | 10,105 | | | 10,144 | | | 147 | | | 108 | Gross loans | | 2,408,940 | | | 2,400,299 | | | 2,337,977 | | | 8,641 | | | 70,963 | Unearned income | | (2,429 | ) | | (2,195 | ) | | (1,372 | ) | | (234 | ) | | (1,057 | ) Total loans, net of unearned income | $ | 2,406,511 | | $ | 2,398,104 | | $ | 2,336,605 | | $ | 8,407 | | $ | 69,906 | Allowance for credit losses | $ | 24,976 | | $ | 24,006 | | $ | 23,660 | | $ | 970 | | $ | 1,316 | September 30, 2026 compared to June 30, 2026 - The $8.4 million increase in total loans from June 30, 2026 was driven primarily by: - Real estate construction portfolio growth of $13.3 million across both commercial and residential portfolios - Residential mortgage portfolio growth of $3.1 million, partially offset by; - Commercial real estate portfolio decline of $8.6 million, driven primarily by a decline in non-owner occupied balances ($13.4 million) and farmland ($1.5 million) partially offset by growth in owner-occupied balances ($3.6 million) and multifamily ($1.8 million) - The allowance for credit losses was $25.0 million, an increase of $970 thousand. The increase was driven primarily by a specific allowance allocation on a relationship in the commercial and industrial portfolio and, to a lesser extent, loan growth; the bank does not believe the increase is indicative of a general weakness in the overall loan portfolio but rather the increase is driven primarily by an isolated credit issue specific to an individual borrower - Total non-performing loans to total loans, net of unearned income were 0.45% compared to 0.41% driven primarily by the migration of four loans to three unrelated borrowers totaling $1.4 million to nonaccrual partially offset by paydowns of $657 thousand September 30, 2026 compared to September 30, 2025 - The increase in total loans of $69.9 million was driven primarily by commercial real estate growth of $60.6 million concentrated in farmland ($45.2 million), multi-family ($22.3 million), owner-occupied balances ($23.3 million) and 1-4 family ($9.2 million), partially offset by a decline in non-owner occupied balances ($34.0 million) - The allowance for credit losses increased by $1.3 million. The increase was driven primarily by a specific reserve allocated to a relationship in the commercial and industrial portfolio and, to a lesser extent, loan growth - Total non-performing loans to total loans, net of unearned income was 0.45% compared to 0.43% Deposits | | | | | | | | Variance | (In thousands) | | September 30, 2026 | | June 30, 2026 | | September 30, 2025 | | September 2026 vs. June 2026 | | | | September 2026 vs. September 2025 | Noninterest-bearing demand deposits | $ | 612,620 | $ | 600,711 | $ | 581,697 | $ | 11,909 | | | $ | 30,923 | Interest-bearing demand deposits | | 630,912 | | 636,551 | | 614,130 | | (5,639 | ) | | | 16,782 | Money market | | 480,430 | | 481,015 | | 493,430 | | (585 | ) | | | (13,000 | ) Savings | | 329,269 | | 336,504 | | 330,200 | | (7,235 | ) | | | (931 | ) Total demand and savings | | 2,053,231 | | 2,054,781 | | 2,019,457 | | (1,550 | ) | | | 33,774 | Time | | 455,732 | | 480,895 | | 446,439 | | (25,163 | ) | | | 9,293 | Total deposits | $ | 2,508,963 | $ | 2,535,676 | $ | 2,465,896 | $ | (26,713 | ) | | $ | 43,067 | September 30, 2026 compared to June 30, 2026 - The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts and a seasonal influx of municipal deposits - The decrease in time deposits was driven primarily by the pay down of $30.0 million of brokered deposits and partially offset by growth in retail time deposits September 30, 2026 compared to September 30, 2025 - The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts - The increase in interest-bearing demand deposits was driven primarily by growth in commercial and retail balances and accounts due to new customer relationships acquired - The decrease in money market balances was driven primarily by attrition of higher cost money market deposits from the Acquisition Borrowings Total borrowings were $331.4 million at September 30, 2026, an increase of $8.3 million and a decrease of $4.4 million compared to June 30, 2026 and September 30, 2025, respectively. The increase compared to June 30, 2026 was due to seasonal increases in repurchase agreement balances and greater balances on accounts collateralizing derivative contracts given the recent rise in market rates. The decrease compared to September 30, 2025 was a result of lower securities sold under repurchase agreements partially offset by higher balances on accounts collateralizing derivative contracts. Stockholders' Equity Total stockholders' equity was $420.5 million at September 30, 2026 compared to $423.3 million at June 30, 2026 and $408.6 million at September 30, 2025. The decrease at September 30, 2026 compared to June 30, 2026 was driven primarily by a $15.4 million unrealized loss on investment securities, dividends paid of $4.3 million, partially offset by net income of $15.7 million. The increase at September 30, 2026 compared to September 30, 2025 was driven primarily by growth in retained earnings partially offset by changes in unrealized losses in available for sale investment securities. Tangible book value1 per share was $33.26, $33.42 and $30.87 at September 30, 2026, June 30, 2026 and September 30, 2025, respectively. 1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document. About ACNB Corporation ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.30 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. SAFE HARBOR AND FORWARD-LOOKING STATEMENTS - Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation's market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "intends", "will", "should", "anticipates", or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers' ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation's market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation's brand and protect the Corporation's intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation's consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management's analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC. ACNB #2026-13 October 22, 2026 ACNB Corporation Financial Highlights elected Financial Data by Respective Quarter End (Unaudited) | | | | | (Dollars in thousands, except per share data) | September 30, 2026 | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 BALANCE SHEET DATA | | | | | Total assets | $ | 3,300,976 | | $ | 3,318,863 | | $ | 3,269,864 | | $ | 3,228,126 | | $ | 3,250,838 | Investment securities | | 514,165 | | | 529,774 | | | 535,760 | | | 531,131 | | | 526,570 | Total loans, net of unearned income | | 2,406,511 | | | 2,398,104 | | | 2,349,245 | | | 2,330,514 | | | 2,336,605 | Allowance for credit losses | | (24,976 | ) | | (24,006 | ) | | (23,615 | ) | | (23,672 | ) | | (23,660 | ) Deposits | | 2,508,963 | | | 2,535,676 | | | 2,525,772 | | | 2,450,185 | | | 2,465,896 | Allowance for unfunded commitments | | 1,541 | | | 1,711 | | | 1,818 | | | 1,831 | | | 1,384 | Borrowings | | 331,434 | | | 323,143 | | | 279,215 | | | 320,116 | | | 335,833 | Stockholders' equity | | 420,476 | | | 423,279 | | | 425,476 | | | 419,974 | | | 408,642 | INCOME STATEMENT DATA | | | | | Interest and dividend income | $ | 44,951 | | $ | 43,685 | | $ | 42,232 | | $ | 42,856 | | $ | 42,490 | Interest expense | | 10,176 | | | 9,683 | | | 9,717 | | | 10,005 | | | 10,353 | Net interest income | | 34,775 | | | 34,002 | | | 32,515 | | | 32,851 | | | 32,137 | Provision for (reversal of) credit losses | | 1,073 | | | 554 | | | (76 | ) | | 106 | | | (584 | ) (Reversal of) provision for unfunded commitments | | (170 | ) | | (107 | ) | | (13 | ) | | 447 | | | (145 | ) Net interest income after provision for (reversal of) credit losses and unfunded commitments | | 33,872 | | | 33,555 | | | 32,604 | | | 32,298 | | | 32,866 | Noninterest income | | 9,032 | | | 8,818 | | | 8,274 | | | 4,332 | | | 8,411 | Noninterest expenses | | 23,220 | | | 23,125 | | | 23,615 | | | 23,453 | | | 22,361 | Income before income taxes | | 19,684 | | | 19,248 | | | 17,263 | | | 13,177 | | | 18,916 | Income tax expense | | 3,957 | | | 4,034 | | | 3,560 | | | 2,372 | | | 4,046 | Net income | $ | 15,727 | | $ | 15,214 | | $ | 13,703 | | $ | 10,805 | | $ | 14,870 | PROFITABILITY RATIOS | | | | | Total loans, net of unearned income to deposits | | 95.92 | % | | 94.57 | % | | 93.01 | % | | 95.12 | % | | 94.76 | % Return on average assets (annualized) | | 1.87 | | | 1.85 | | | 1.71 | | | 1.30 | | | 1.80 | Return on average equity (annualized) | | 14.67 | | | 14.54 | | | 12.97 | | | 10.31 | | | 14.66 | Efficiency ratio1 | | 51.45 | | | 51.60 | | | 55.84 | | | 53.39 | | | 51.96 | FTE Net interest margin | | 4.56 | | | 4.56 | | | 4.46 | | | 4.36 | | | 4.27 | Yield on average earning assets | | 5.88 | | | 5.86 | | | 5.78 | | | 5.69 | | | 5.64 | Yield on investment securities | | 3.73 | | | 3.68 | | | 3.66 | | | 3.17 | | | 3.03 | Yield on total loans | | 6.44 | | | 6.40 | | | 6.35 | | | 6.33 | | | 6.29 | Cost of funds | | 1.41 | | | 1.38 | | | 1.41 | | | 1.40 | | | 1.45 | PER SHARE DATA | | | | | Diluted earnings per share | $ | 1.55 | | $ | 1.49 | | $ | 1.32 | | $ | 1.04 | | $ | 1.42 | Cash dividends paid per share | | 0.42 | | | 0.92 | | | 0.38 | | | 0.38 | | | 0.34 | Tangible book value per share1 | | 33.26 | | | 33.42 | | | 32.99 | | | 32.22 | | | 30.87 | CAPITAL RATIOS2 | | | | | Tier 1 leverage ratio | | 11.77 | % | | 11.55 | % | | 11.74 | % | | 11.40 | % | | 11.22 | % Common equity tier 1 ratio | | 15.01 | | | 14.49 | | | 14.92 | | | 14.74 | | | 14.45 | Tier 1 risk based capital ratio | | 15.23 | | | 14.71 | | | 15.14 | | | 14.96 | | | 14.67 | Total risk based capital ratio | | 16.81 | | | 16.25 | | | 16.73 | | | 16.54 | | | 16.22 | CREDITQUALITY | | | | | Net charge-offs (recoveries) to average loans outstanding (annualized) | | 0.02 | % | | 0.03 | % | (0.00 | )% | | 0.02 | % | | 0.02 | % Total non-performing loans to total loans, net of unearned income3 | | 0.45 | | | 0.41 | | | 0.41 | | | 0.46 | | | 0.43 | Total non-performing assets to total assets4 | | 0.34 | | | 0.31 | | | 0.29 | | | 0.33 | | | 0.31 | Allowance for credit losses to total loans, net of unearned income | | 1.04 | | | 1.00 | | | 1.01 | | | 1.02 | | | 1.01 | 1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document. 2 Regulatory capital ratios as of September 30, 2026 are preliminary. 3 Non-performing loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest. 4 Non-performing assets consists of non-performing loans and foreclosed assets held for resale. Consolidated Statements of Condition (Unaudited) | | | (Dollars in thousands, except per share data) | September 30, 2026 | June 30, 2026 | September 30, 2025 ASSETS | | | Cash and due from banks | $ | 27,239 | | $ | 27,995 | | $ | 30,500 | Interest-bearing deposits with banks | | 61,119 | | | 53,840 | | | 71,639 | Total Cash and Cash Equivalents | | 88,358 | | | 81,835 | | | 102,139 | Equity securities with readily determinable fair values | | 903 | | | 938 | | | 945 | Investment securities available for sale, at estimated fair value | | 450,784 | | | 466,216 | | | 462,217 | Investment securities held to maturity, at amortized cost (fair value $51,603, $56,576 and $56,932) | | 62,478 | | | 62,620 | | | 63,408 | Loans held for sale | | 8,166 | | | 33,528 | | | 16,850 | Total loans, net of unearned income | | 2,406,511 | | | 2,398,104 | | | 2,336,605 | Less: Allowance for credit losses | | (24,976 | ) | | (24,006 | ) | | (23,660 | ) Loans, net | | 2,381,535 | | | 2,374,098 | | | 2,312,945 | Premises and equipment, net | | 27,923 | | | 27,982 | | | 31,107 | Right of use asset | | 3,658 | | | 3,920 | | | 4,403 | Restricted investment in bank stocks | | 14,243 | | | 14,290 | | | 14,462 | Investment in bank-owned life insurance | | 104,499 | | | 106,423 | | | 96,755 | Investments in low-income housing partnerships | | 657 | | | 689 | | | 783 | Goodwill | | 64,449 | | | 64,449 | | | 64,449 | Intangible assets, net | | 19,335 | | | 20,351 | | | 23,565 | Assets held for sale | | 2,346 | | | 2,346 | | | 275 | Other assets | | 71,642 | | | 59,178 | | | 56,535 | Total Assets | $ | 3,300,976 | | $ | 3,318,863 | | $ | 3,250,838 | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | | | | | | Deposits: | | | | | | | | | Noninterest-bearing | $ | 612,620 | | $ | 600,711 | | $ | 581,697 | Interest-bearing | | 1,896,343 | | | 1,934,965 | | | 1,884,199 | Total Deposits | | 2,508,963 | | | 2,535,676 | | | 2,465,896 | Short-term borrowings | | 116,509 | | | 108,259 | | | 80,468 | Long-term borrowings | | 214,925 | | | 214,884 | | | 255,365 | Lease liability | | 3,944 | | | 4,218 | | | 4,696 | Allowance for unfunded commitments | | 1,541 | | | 1,711 | | | 1,384 | Other liabilities | | 34,618 | | | 30,836 | | | 34,387 | Total Liabilities | | 2,880,500 | | | 2,895,584 | | | 2,842,196 | Stockholders' Equity: Preferred Stock, $2.50 par value, 20,000,000 shares authorized; no shares outstanding at September 30, 2026, June 30, 2026 and September 30, 2025 | | — | | | — | | | — | Common stock, $2.50 par value, 40,000,000, 40,000,000, and 20,000,000 shares authorized; 11,084,900, 11,079,210, and 11,023,573 shares issued; 10,164,332, 10,169,930, and 10,423,015 shares outstanding at September 30, 2026, June 30, 2026 and September 30, 2025, respectively | | 27,706 | | | 27,692 | | | 27,555 | Treasury stock, at cost, 920,568, 909,280, and 600,558 at September 30, 2026, June 30, 2026, and September 30, 2025, respectively | | (35,856 | ) | | (35,114 | ) | | (19,875 | ) Additional paid-in capital | | 181,866 | | | 181,107 | | | 179,130 | Retained earnings | | 284,437 | | | 272,965 | | | 250,410 | Accumulated other comprehensive loss | | (37,677 | ) | | (23,371 | ) | | (28,578 | ) Total Stockholders' Equity | | 420,476 | | | 423,279 | | | 408,642 | Total Liabilities and Stockholders' Equity | $ | 3,300,976 | | $ | 3,318,863 | | $ | 3,250,838 | Consolidated Income Statements (Unaudited) | | | | | | | | | | | | | Three Months Ended September 30, | Nine Months Ended September 30, (Dollars in thousands, except per share data) | | 2026 | | | 2025 | | | 2026 | | | 2025 | INTEREST AND DIVIDEND INCOME | | | | Loans, including fees: | | | | Taxable | $ | 38,776 | | $ | 36,961 | | $ | 112,961 | | $ | 105,192 | Tax-exempt | | 357 | | | 324 | | | 1,044 | | | 933 | Investment securities: | | | | Taxable | | 4,373 | | | 3,430 | | | 12,957 | | | 9,615 | Tax-exempt | | 323 | | | 281 | | | 957 | | | 852 | Dividends | | 338 | | | 332 | | | 938 | | | 979 | Other | | 784 | | | 1,162 | | | 2,011 | | | 2,785 | TotalInterestandDividendIncome | | 44,951 | | | 42,490 | | | 130,868 | | | 120,356 | INTEREST EXPENSE | | | | Deposits | | 6,659 | | | 6,872 | | | 19,660 | | | 20,152 | Short-term borrowings | | 969 | | | 513 | | | 2,084 | | | 1,148 | Long-term borrowings | | 2,548 | | | 2,968 | | | 7,832 | | | 8,817 | Total Interest Expense | | 10,176 | | | 10,353 | | | 29,576 | | | 30,117 | Net Interest Income | | 34,775 | | | 32,137 | | | 101,292 | | | 90,239 | Provision for (reversal of) credit losses | | 1,073 | | | (584 | ) | | 1,551 | | | 5,156 | Reversal of provision for unfunded commitments | | (170 | ) | | (145 | ) | | (290 | ) | | (979 | ) Net Interest Income after Provision for (Reversal of) Credit Losses and Unfunded Commitments | | 33,872 | | | 32,866 | | | 100,031 | | | 86,062 | NON INTEREST INCOME | | | | Insurance commissions | | 2,667 | | | 2,545 | | | 7,786 | | | 7,600 | Gain from mortgage loans held for sale | | 1,000 | | | 1,463 | | | 3,689 | | | 3,893 | Service charges on deposits | | 1,304 | | | 1,286 | | | 3,782 | | | 3,559 | Wealth management | | 1,253 | | | 1,125 | | | 3,604 | | | 3,275 | ATM debit card charges | | 932 | | | 904 | | | 2,771 | | | 2,640 | Earnings on investment in bank-owned life insurance | | 776 | | | 651 | | | 2,269 | | | 1,858 | Gain on assets held for sale | | — | | | — | | | 177 | | | — | Gain on life insurance proceeds | | 687 | | | — | | | 861 | | | 285 | Other | | 448 | | | 428 | | | 1,182 | | | 1,119 | Net gains on sales or calls of investment securities | | — | | | — | | | 49 | | | 22 | Net (losses) gains on equity securities | | (35 | ) | | 9 | | | (46 | ) | | 26 | Total Noninterest Income | | 9,032 | | | 8,411 | | | 26,124 | | | 24,277 | NON INTEREST EXPENSES | | | | Salaries and employee benefits | | 14,055 | | | 13,191 | | | 41,843 | | | 39,745 | Equipment | | 2,313 | | | 2,302 | | | 7,465 | | | 7,121 | Net occupancy | | 1,208 | | | 1,217 | | | 3,950 | | | 3,936 | Intangible assets amortization | | 1,017 | | | 1,129 | | | 3,101 | | | 3,127 | Professional services | | 801 | | | 588 | | | 2,215 | | | 1,908 | Other tax | | 661 | | | 561 | | | 1,555 | | | 1,308 | FDIC and regulatory | | 440 | | | 457 | | | 1,341 | | | 1,293 | Merger-related | | — | | | 169 | | | — | | | 10,143 | Other | | 2,725 | | | 2,747 | | | 8,490 | | | 8,481 | Total Noninterest Expenses | | 23,220 | | | 22,361 | | | 69,960 | | | 77,062 | Income Before Income Taxes | | 19,684 | | | 18,916 | | | 56,195 | | | 33,277 | Income tax expense | | 3,957 | | | 4,046 | | | 11,551 | | | 7,031 | Net Income | $ | 15,727 | | $ | 14,870 | | $ | 44,644 | | $ | 26,246 | PER SHARE DATA | | | | Basic earnings | $ | 1.55 | | $ | 1.43 | | $ | 4.37 | | $ | 2.57 | Diluted earnings | $ | 1.55 | | $ | 1.42 | | $ | 4.36 | | $ | 2.56 | Weighted average shares basic | | 10,126,509 | | | 10,419,581 | | | 10,214,487 | | | 10,228,029 | Weighted average shares diluted | | 10,167,874 | | | 10,455,461 | | | 10,248,050 | | | 10,257,800 | Average Balances, Income and Expenses, Yields and Rates | | | | | | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | September 30, 2026 | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30,2025 (Dollars in thousands) | Average Balance | Interest1 | Yield/Rate | Average Balance | Interest1 | Yield/Rate | Average Balance | Interest1 | Yield/Rate | Average Balance | Interest1 | Yield/Rate | Average Balance | Interest1 | Yield/Rate ASSETS | | | | | | | | | | | | | | | Loans: Taxable | $ | 2,362,793 | | $ | 38,776 | | 6.51 | % | $ | 2,345,905 | | $ | 37,883 | | 6.48 | % | $ | 2,290,463 | | $ | 36,302 | | 6.43 | % | $ | 2,305,296 | | $ | 37,293 | | 6.42 | % | $ | 2,298,054 | | $ | 36,961 | | 6.38 | % Tax-exempt | | 54,497 | | | 452 | | 3.29 | | | 55,382 | | | 442 | | 3.20 | | | 56,344 | | | 428 | | 3.08 | | | 58,740 | | | 434 | | 2.93 | | | 58,587 | | | 410 | | 2.78 | Total Loans2 | | 2,417,290 | | | 39,228 | | 6.44 | | | 2,401,287 | | | 38,325 | | 6.40 | | | 2,346,807 | | | 36,730 | | 6.35 | | | 2,364,036 | | | 37,727 | | 6.33 | | | 2,356,641 | | | 37,371 | | 6.29 | Investment Securities: | | | | | | | | | | | | | | | Taxable | | 488,625 | | | 4,711 | | 3.83 | | | 490,321 | | | 4,609 | | 3.77 | | | 494,221 | | | 4,575 | | 3.75 | | | 480,987 | | | 3,900 | | 3.22 | | | 485,309 | | | 3,762 | | 3.08 | Tax-exempt | | 55,863 | | | 409 | | 2.90 | | | 55,946 | | | 405 | | 2.90 | | | 56,036 | | | 397 | | 2.87 | | | 54,518 | | | 376 | | 2.74 | | | 53,165 | | | 356 | | 2.66 | Total Investments3 | | 544,488 | | | 5,120 | | 3.73 | | | 546,267 | | | 5,014 | | 3.68 | | | 550,257 | | | 4,972 | | 3.66 | | | 535,505 | | | 4,276 | | 3.17 | | | 538,474 | | | 4,118 | | 3.03 | Interest-bearing deposits with banks | | 81,724 | | | 784 | | 3.81 | | | 56,171 | | | 524 | | 3.74 | | | 76,769 | | | 703 | | 3.71 | | | 101,846 | | | 1,023 | | 3.99 | | | 103,290 | | | 1,162 | | 4.46 | Total Earning Assets | | 3,043,502 | | | 45,132 | | 5.88 | | | 3,003,725 | | | 43,863 | | 5.86 | | | 2,973,833 | | | 42,405 | | 5.78 | | | 3,001,387 | | | 43,026 | | 5.69 | | | 2,998,405 | | | 42,651 | | 5.64 | Cash and due from banks | | 27,793 | | | | | 25,827 | | | | | 24,482 | | | | | 25,686 | | | | | 26,709 | | | Premises and equipment | | 28,066 | | | | | 28,757 | | | | | 30,611 | | | | | 31,297 | | | | | 31,514 | | | Other assets | | 256,267 | | | | | 254,925 | | | | | 249,769 | | | | | 250,508 | | | | | 245,899 | | | Allowance for credit losses | | (23,981 | ) | | | | (23,560 | ) | | | | (23,682 | ) | | | | (23,646 | ) | | | | (24,312 | ) | | Total Assets | $ | 3,331,647 | | | | $ | 3,289,674 | | | | $ | 3,255,013 | | | | $ | 3,285,232 | | | | $ | 3,278,215 | | | LIABILITIES Interest-bearing demand deposits | $ | 641,483 | | $ | 652 | | 0.40 | % | $ | 650,258 | | | $ | 595 | | 0.37 | % | $ | 616,311 | | | $ | 460 | | 0.30 | % | $ | 633,593 | | $ | 545 | | 0.34 | % | $ | 616,565 | | | $ | 570 | | 0.37 | % Money markets | | 480,604 | | | 2,282 | | 1.88 | | | 489,449 | | | | 2,266 | | 1.86 | | | 489,957 | | | | 2,227 | | 1.84 | | | 491,932 | | | 2,322 | | 1.87 | | | 510,655 | | | | 2,530 | | 1.97 | Savings deposits | | 331,158 | | | 27 | | 0.03 | | | 335,451 | | | | 26 | | 0.03 | | | 335,398 | | | | 26 | | 0.03 | | | 331,309 | | | 27 | | 0.03 | | | 335,083 | | | | 26 | | 0.03 | Time deposits | | 465,062 | | | 3,698 | | 3.15 | | | 476,319 | | | | 3,727 | | 3.14 | | | 472,621 | | | | 3,674 | | 3.15 | | | 454,083 | | | 3,653 | | 3.19 | | | 454,625 | | | | 3,746 | | 3.27 | Total Interest-Bearing Deposits | | 1,918,307 | | | 6,659 | | 1.38 | | | 1,951,477 | | | | 6,614 | | 1.36 | | | 1,914,287 | | | | 6,387 | | 1.35 | | | 1,910,917 | | | 6,547 | | 1.36 | | | 1,916,928 | | | | 6,872 | | 1.42 | Short-term borrowings | | 115,889 | | | 969 | | 3.32 | | | 73,266 | | | | 552 | | 3.02 | | | 74,562 | | | | 563 | | 3.06 | | | 69,326 | | | 491 | | 2.81 | | | 70,389 | | | | 513 | | 2.89 | Long-term borrowings | | 214,900 | | | 2,548 | | 4.70 | | | 215,038 | | | | 2,517 | | 4.69 | | | 243,880 | | | | 2,767 | | 4.60 | | | 255,369 | | | 2,967 | | 4.61 | | | 255,358 | | | | 2,968 | | 4.61 | Total Borrowings | | 330,789 | | | 3,517 | | 4.22 | | | 288,304 | | | | 3,069 | | 4.27 | | | 318,442 | | | | 3,330 | | 4.24 | | | 324,695 | | | 3,458 | | 4.23 | | | 325,747 | | | | 3,481 | | 4.24 | Total Interest-Bearing Liabilities | | 2,249,096 | | | 10,176 | | 1.80 | | | 2,239,781 | | | | 9,683 | | 1.73 | | | 2,232,729 | | | | 9,717 | | 1.77 | | | 2,235,612 | | | 10,005 | | 1.78 | | | 2,242,675 | | | | 10,353 | | 1.83 | Noninterest-bearing demand deposits | | 615,423 | | | | | 583,453 | | | | | | 554,591 | | | | | | 592,956 | | | | | 593,800 | | | | Other liabilities | | 41,690 | | | | | 46,848 | | | | | | 39,174 | | | | | | 40,963 | | | | | 39,397 | | | | Stockholders' Equity | | 425,438 | | | | | 419,592 | | | | | | 428,519 | | | | | | 415,701 | | | | | 402,343 | | | | Total Liabilities and Stockholders' Equity | $ | 3,331,647 | | | | $ | 3,289,674 | | | | | $ | 3,255,013 | | | | | $ | 3,285,232 | | | | $ | 3,278,215 | | | | Taxable Equivalent Net Interest Income | | | 34,956 | | | | | | 34,180 | | | | | | 32,688 | | | | | 33,021 | | | | | | 32,298 | | Taxable Equivalent Adjustment | | | (181 | ) | | | | | (178 | ) | | | | | (173 | ) | | | | (170 | ) | | | | | (161 | ) | Net Interest Income | | $ | 34,775 | | | | | $ | 34,002 | | | | | $ | 32,515 | | | | $ | 32,851 | | | | | $ | 32,137 | | Cost of Funds | | | 1.41 | % | | | | 1.38 | % | | | | 1.41 | % | | | 1.40 | % | | | | 1.45 | % FTE Net Interest Margin | | | 4.56 | % | | | | 4.56 | % | | | | 4.46 | % | | | 4.36 | % | | | | 4.27 | % 1 Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the 21% federal income tax statutory rate. 2 Average balances include non-accrual loans and are net of unearned income. 3 Average balances of investment securities is computed at fair value. Average Balances, Income and Expenses, Yields and Rates | | | | Nine Months Ended September 30, 2026 | | Nine Months Ended September 30, 2025 (Dollars in thousands) | | Average Balance | | | | Interest1 | | | Yield/Rate | | | | Average Balance | | | | Interest1 | | | Yield/Rate Loans: | | | | | | | | | | | | | | | | | | | | | Taxable | $ | 2,333,318 | | | $ | 112,961 | | | 6.47 | % | | $ | 2,225,652 | | | $ | 105,192 | | | 6.32 | % Tax-exempt | | 55,401 | | | | 1,322 | | | 3.19 | | | | 58,489 | | | | 1,181 | | | 2.70 | Total Loans2 | | 2,388,719 | | | | 114,283 | | | 6.40 | | | | 2,284,141 | | | | 106,373 | | | 6.23 | Investment Securities: | | | | | | | | | | | Taxable | | 491,035 | | | | 13,895 | | | 3.78 | | | | 472,212 | | | | 10,594 | | | 3.00 | Tax-exempt | | 55,948 | | | | 1,211 | | | 2.89 | | | | 54,023 | | | | 1,078 | | | 2.67 | Total Investments3 | | 546,983 | | | | 15,106 | | | 3.69 | | | | 526,235 | | | | 11,672 | | | 2.97 | Interest-bearing deposits with banks | | 71,573 | | | | 2,011 | | | 3.76 | | | | 84,717 | | | | 2,785 | | | 4.40 | Total Earning Assets | | 3,007,275 | | | | 131,400 | | | 5.84 | | | | 2,895,093 | | | | 120,830 | | | 5.58 | Cash and due from banks | | 26,046 | | | | | | | | 24,330 | | | | | Premises and equipment | | 29,135 | | | | | | | | 31,151 | | | | | Other assets | | 253,678 | | | | | | | | 242,143 | | | | | Allowance for credit losses | | (23,742 | ) | | | | | | | (22,971 | ) | | | | Total Assets | $ | 3,292,392 | | | | | | | $ | 3,169,746 | | | | | LIABILITIES Interest-bearing demand deposits | $ | 636,141 | | | $ | 1,707 | | | 0.36 | % | | $ | 601,064 | | | | $ | 1,608 | | | 0.36 | % Money markets | | 486,636 | | | | 6,775 | | | 1.86 | | | | 498,468 | | | | | 7,220 | | | 1.94 | Savings deposits | | 333,987 | | | | 79 | | | 0.03 | | | | 336,185 | | | | | 80 | | | 0.03 | Time deposits | | 471,306 | | | | 11,099 | | | 3.15 | | | | 446,482 | | | | | 11,244 | | | 3.37 | Total Interest-Bearing Deposits | | 1,928,070 | | | | 19,660 | | | 1.36 | | | | 1,882,199 | | | | | 20,152 | | | 1.43 | Short-term borrowings | | 88,057 | | | | 2,084 | | | 3.16 | | | | 51,324 | | | | | 1,148 | | | 2.99 | Long-term borrowings | | 224,500 | | | | 7,832 | | | 4.66 | | | | 256,080 | | | | | 8,817 | | | 4.60 | Total Borrowings | | 312,557 | | | | 9,916 | | | 4.24 | | | | 307,404 | | | | | 9,965 | | | 4.33 | Total Interest-Bearing Liabilities | | 2,240,627 | | | | 29,576 | | | 1.76 | | | | 2,189,603 | | | | | 30,117 | | | 1.84 | Noninterest-bearing demand deposits | | 584,712 | | | | | | | | 556,992 | | | | | | Other liabilities | | 42,548 | | | | | | | | 38,543 | | | | | | Stockholders' Equity | | 424,505 | | | | | | | | 384,608 | | | | | | Total Liabilities and Stockholders' Equity | $ | 3,292,392 | | | | | | | $ | 3,169,746 | | | | | | Taxable Equivalent Net Interest Income | | | | 101,824 | | | | | | | | | 90,713 | | | Taxable Equivalent Adjustment | | | | (532 | ) | | | | | | | | (474 | ) | | Net Interest Income | | | $ | 101,292 | | | | | | | | $ | 90,239 | | | Cost of Funds | | | | | 1.40 | % | | | | | | | 1.47 | % FTE Net Interest Margin | | | | | 4.53 | % | | | | | | | 4.19 | % 1 Income on interest-earning assets has been computed on a fully taxable equivalent basis (FTE) using the 21% federal income tax statutory rate. 2 Average balances include non-accrual loans and are net of unearned income. 3 Average balances of investment securities is computed at fair value. Non-GAAP Reconciliation Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation's results of operations and financial condition. These non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation's industry. Investors should recognize that the Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other corporations. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. | Three Months Ended (Dollars in thousands, except per share data) | September 30, 2026 | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 Tangible book value per share | | | | | Stockholders' equity | $ | 420,476 | | $ | 423,279 | | $ | 425,476 | | $ | 419,974 | | $ | 408,642 | Less: Goodwill and intangible assets | | (83,784 | ) | | (84,800 | ) | | (85,828 | ) | | (86,884 | ) | | (88,014 | ) Tangible common stockholders' equity (numerator) | $ | 336,692 | | $ | 338,479 | | $ | 339,648 | | $ | 333,090 | | $ | 320,628 | Shares outstanding, less unvested shares, end of period (denominator) | | 10,122,967 | | | 10,128,565 | | | 10,296,825 | | | 10,337,757 | | | 10,387,135 | Tangible book value per share | $ | 33.26 | | $ | 33.42 | | $ | 32.99 | | $ | 32.22 | | $ | 30.87 | Tangible common equity to tangible assets (TCE/TA Ratio) | | | | | Tangible common stockholders' equity (numerator) | $ | 336,692 | | $ | 338,479 | | $ | 339,648 | | $ | 333,090 | | $ | 320,628 | Total assets | $ | 3,300,976 | | $ | 3,318,863 | | $ | 3,269,864 | | $ | 3,228,126 | | $ | 3,250,838 | Less: Goodwill and intangible assets | | (83,784 | ) | | (84,800 | ) | | (85,828 | ) | | (86,884 | ) | | (88,014 | ) Total tangible assets (denominator) | $ | 3,217,192 | | $ | 3,234,063 | | $ | 3,184,036 | | $ | 3,141,242 | | $ | 3,162,824 | Tangible common equity to tangible assets | | 10.47 | % | | 10.47 | % | | 10.67 | % | | 10.60 | % | | 10.14 | % Efficiency Ratio | | | | | Noninterest expense | $ | 23,220 | | $ | 23,125 | | $ | 23,615 | | $ | 23,453 | | $ | 22,361 | Less: Intangible amortization | | 1,017 | | | 1,028 | | | 1,056 | | | 1,130 | | | 1,129 | Less: Merger-related expense | | — | | | — | | | — | | | 575 | | | 169 | Noninterest expense (numerator) | $ | 22,203 | | $ | 22,097 | | $ | 22,559 | | $ | 21,748 | | $ | 21,063 | Net interest income | $ | 34,775 | | $ | 34,002 | | $ | 32,515 | | $ | 32,851 | | $ | 32,137 | Plus: Total noninterest income | | 9,032 | | | 8,818 | | | 8,274 | | | 4,332 | | | 8,411 | Less: Gain on assets held for sale | | — | | | — | | | 177 | | | — | | | — | Less: Gain on life insurance proceeds | | 687 | | | — | | | 174 | | | — | | | — | Less: Net gains (losses) on sales or calls of securities | | — | | | — | | | 49 | | | (3,557 | ) | | — | Less: Net (losses) gains on equity securities | | (35 | ) | | (4 | ) | | (7 | ) | | 4 | | | 9 | Total revenue (denominator) | $ | 43,155 | | $ | 42,824 | | $ | 40,396 | | $ | 40,736 | | $ | 40,539 | Efficiency ratio | | 51.45 | % | | 51.60 | % | | 55.84 | % | | 53.39 | % | | 51.96 | % Contact: | Jason H. Weber | EVP/Treasurer & Chief Financial Officer | 717.339.5090 | [email protected]

ACNB (ACNB) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.73%. A quarter ago, it was expected that this bank would post earnings of $1.4 per share when it actually produced earnings of $1.49, delivering a surprise of +6.43%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ACNB, which belongs to the Zacks Banks - Southwest industry, posted revenues of $43.81 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $40.55 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACNB shares have added about 31.6% since the beginning of the year versus the S&P 500's gain of 13.3%. While ACNB has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ACNB was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.44 on $42.91 million in revenues for the coming quarter and $5.72 on $169.51 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Happen (HAPN), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 28. This company that connects borrowers and lenders online is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +27%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Happen's revenues are expected to be $277.59 million, up 4.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACNB Corporation (ACNB) : Free Stock Analysis Report Happen Inc. (HAPN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GETTYSBURG, Pa., July 29, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors has approved and declared a regular quarterly cash dividend of $0.42 per share of ACNB Corporation common stock payable on September 15, 2026, to shareholders of record as of September 1, 2026. This per share amount reflects a 23.5% increase, or $0.08, over the $0.34 cash dividend paid in the third quarter of 2025. On a year-to-date basis, upon payment of this dividend, ACNB Corporation will have paid, inclusive of the $0.50 special dividend paid in the prior quarter, $1.72 per share in dividends through the third quarter of 2026, compared to $1.00 per share paid over the same period in 2025, an increase of 72%. About ACNB CorporationACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.32 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. FORWARD-LOOKING STATEMENTS - In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.

ACNB (ACNB) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.4 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.43%. A quarter ago, it was expected that this bank would post earnings of $1.26 per share when it actually produced earnings of $1.32, delivering a surprise of +4.76%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ACNB, which belongs to the Zacks Banks - Southwest industry, posted revenues of $42.82 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.70%. This compares to year-ago revenues of $39.69 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACNB shares have added about 25.2% since the beginning of the year versus the S&P 500's gain of 9.6%. While ACNB has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ACNB was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $42.66 million in revenues for the coming quarter and $5.49 on $167.73 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Cullen/Frost Bankers (CFR), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This financial holding company is expected to post quarterly earnings of $2.53 per share in its upcoming report, which represents a year-over-year change of +5.9%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. Cullen/Frost Bankers' revenues are expected to be $594.16 million, up 4.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACNB Corporation (ACNB) : Free Stock Analysis Report Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GETTYSBURG, Pa., July 23, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $15.2 million, or $1.49 diluted earnings per share, for the three months ended June 30, 2026 compared to net income of $13.7 million, or $1.32 diluted earnings per share, for the three months ended March 31, 2026 and compared to net income of $11.6 million, or $1.11 diluted earnings per share, for the three months ended June 30, 2025. The financial results for the three months ended June 30, 2025 were impacted by after-tax merger-related expenses of $1.5 million related to the acquisition of Traditions Bancorp, Inc. which was completed on February 1, 2025 (“Acquisition”). 2026 Second Quarter Highlights Return on average assets was 1.85% and return on average equity was 14.54% for the three months ended June 30, 2026 Fully taxable equivalent (“FTE”) net interest margin was 4.56% for the three months ended June 30, 2026 compared to 4.46% for the three months ended March 31, 2026 and 4.21% for the three months ended June 30, 2025 Total loans outstanding were $2.40 billion at June 30, 2026, an increase of 2.1% from March 31, 2026; equating to an annualized growth rate of 8.6% Total noninterest-bearing deposits were $600.7 million at June 30, 2026, an increase of 4.3% from March 31, 2026; equating to an annualized growth rate of 18.3% Tangible common equity to tangible assets ratio1 of 10.47% at June 30, 2026 compared to 10.67% at March 31, 2026 and 9.65% at June 30, 2025 ACNB repurchased 179,407 shares of ACNB common stock in open market transactions during the three months ended June 30, 2026 at a weighted average price of $50.79 per share. There are 253,692 shares remaining in the current plan ACNB paid a regular quarterly cash dividend of $0.42 during the three months ended June 30, 2026, a 10.5% increase, or $0.04, over the $0.38 cash dividend paid during the three months ended March 31, 2026, and a 23.5% increase over the $0.34 paid during the three months ended June 30, 2025. In addition to the regular dividend, ACNB paid a one-time special cash dividend of $0.50 per share during the three months ended June 30, 2026 “Our record setting second quarter performance reflects the successful execution of our strategic priorities and the strength of our balanced business model. Record earnings, strong loan production, stable asset quality, and robust noninterest-bearing deposit growth demonstrate the resilience of our franchise and our ability to deliver consistent value for our shareholders,” said James P. Helt, ACNB Corporation President and Chief Executive Officer. “During the quarter, we were pleased to increase our regular quarterly cash dividend, declare a special dividend and continue our share repurchase program, reflecting both our strong financial position and confidence in the long-term outlook for the Company. These results are driven by the exceptional commitment of our employees, whose focus on serving our customers and communities continues to differentiate our organization. Their dedication to executing our strategic plan enables us to deepen customer relationships, capitalize on growth opportunities, and strengthen our competitive position.” Mr. Helt continued, “As we look ahead, we remain committed to disciplined growth, prudent risk management, and delivering sustainable long-term shareholder value while advancing our vision of being the financial provider of choice in the markets we serve.” _______________1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. Net Interest Income and Margin Net interest income for the three months ended June 30, 2026 totaled $34.0 million, an increase of $1.5 million from the three months ended March 31, 2026 and an increase of $3.0 million from the three months ended June 30, 2025. The increases were driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs. In addition, the yield on investment securities during the quarter compared to the same quarter in the prior year was impacted by a repositioning of the investment securities portfolio completed during the three months ended December 31, 2025. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $1.8 million, $1.9 million and $2.2 million for the three months ended June 30, 2026, the three months ended March 31, 2026 and the three months ended June 30, 2025, respectively. Three months ended June 30, 2026 compared to three months ended March 31, 2026 The FTE net interest margin increased 10 basis points from the three months ended March 31, 2026 driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs. Average loan balances increased $54.5 million, driven primarily by growth in the commercial real estate portfolio The yields on average loans and average investment securities increased 5 and 2 basis points, respectively, driven primarily by new loans and investment securities funded during the quarter at higher rates than those that paid off or matured Average noninterest-bearing deposits increased $28.9 million driven primarily by promotional incentives on commercial checking accounts Three months ended June 30, 2026 compared to three months ended June 30, 2025 The FTE net interest margin increased 35 basis points from the three months ended June 30, 2025 driven primarily by loan growth, new loans and investment securities funded during the quarter at higher rates than those that paid off or matured, and the continued benefit of lower funding costs. In addition, the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025 contributed to higher yields. Average loan balances increased $46.0 million driven primarily by growth in the commercial real estate portfolio The yields on average loans and average investment securities increased 11 and 73 basis points, respectively, driven primarily by new loans and investment securities funded during the quarter at higher rates than those that paid off or matured and the repositioning of the investment securities portfolio completed during the three months ended December 31, 2025 Average noninterest-bearing deposits increased $20.1 million driven primarily by promotional incentives on commercial checking accounts Average interest-bearing deposits decreased $14.0 million primarily as a result of attrition of higher cost money market deposits from the Acquisition _______________1 Average balances include non-accrual loans and are net of unearned income.2 Average balances of investment securities is computed at fair value. Noninterest Income Explanations for the more significant fluctuations by period and category are detailed below: Three months ended June 30, 2026 compared to three months ended March 31, 2026 The increase in insurance commissions was driven primarily by an increase in contingent commission income received during the three months ended June 30, 2026 related to 2025 performance, and, to a lesser extent, new business underwriting and timing of policy renewals The increase in gain from mortgage loans held for sale was driven primarily by seasonally higher loan origination volume in the current quarter The decrease in gain on assets held for sale was the result of the sale of a building in the prior quarter The decrease in gain on life insurance proceeds was the result of a death benefit received in the prior quarter The decrease in other was driven primarily by a gain on a loan participation in the prior quarter Three months ended June 30, 2026 compared to three months ended June 30, 2025 The increase in wealth management was driven primarily by assets under management growth due to new business generation and positive market impacts The increase in earnings on investment in bank-owned life insurance was driven primarily by the purchase of new policies in the fourth quarter of 2025 The decrease in other was primarily attributable to lower credit card processing and letter of credit fees Noninterest Expense Explanations for the more significant fluctuations by period and category are detailed below: Three months ended June 30, 2026 compared to three months ended March 31, 2026 The decrease in salaries and employee benefits was driven primarily by seasonal expenses related to incentive stock awards and ACNB’s liability for unused vacation days in the prior quarter The decrease in net occupancy was driven primarily by seasonally higher snow removal charges and utility expenses in the prior quarter The decrease in other tax was driven primarily by earned income tax credits received in the current quarter as a result of community investment contributions The increase in other was driven primarily by the community investment contributions Three months ended June 30, 2026 compared to three months ended June 30, 2025 The decrease in intangible assets amortization was the result of normal attrition The increase in other tax was driven primarily by asset growth due to the Acquisition The decrease in other was driven primarily by the write-off of stale conversion related items in the prior year The decrease in merger-related was driven by the lack of Acquisition related expenses in the current period Loans and Asset Quality June 30, 2026 compared to March 31, 2026 The $48.9 million increase in total loans from March 31, 2026 was driven primarily by The allowance for credit losses was $24.0 million, an increase of $391 thousand driven primarily by loan growth Total non-performing loans to total loans, net of unearned income were 0.41% in both quarters June 30, 2026 compared to June 30, 2025 The increase in total loans of $56.3 million was driven primarily by commercial real estate growth of $78.3 million concentrated in farmland ($49.7 million), multi-family ($29.9 million) and owner-occupied balances ($18.0 million), partially offset by a decline in non-owner occupied balances ($21.2 million) The allowance for credit losses decreased by $347 thousand driven primarily by the paydown of loans with specific reserves Total non-performing loans to total loans, net of unearned income was 0.41% compared to 0.43% Deposits June 30, 2026 compared to March 31, 2026 The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts The increase in interest-bearing demand deposits was driven primarily by an influx of seasonal deposits The decrease in money market balances was driven primarily by attrition of higher cost money market deposits from the Acquisition The decrease in time deposits was driven primarily by the pay down of $14.1 million of brokered deposits partially offset by growth in retail time deposits June 30, 2026 compared to June 30, 2025 The increase in noninterest-bearing demand deposits was driven primarily by promotional incentives on commercial checking accounts The increase in interest-bearing demand deposits was driven primarily by growth in commercial and retail balances and accounts due to new customer relationships acquired through promotional incentives The decrease in money market balances was driven primarily by attrition of higher cost money market deposits from the Acquisition Borrowings Total borrowings were $323.1 million at June 30, 2026, an increase of $43.9 million and $24.7 million compared to March 31, 2026 and June 30, 2025, respectively. The increases were to fund loan growth. Stockholders’ Equity Total stockholders’ equity was $423.3 million at June 30, 2026 compared to $425.5 million at March 31, 2026 and $395.2 million at June 30, 2025. The decrease at June 30, 2026 compared to March 31, 2026 was driven primarily by dividends paid of $9.3 million and common stock repurchases of $9.2 million, partially offset by net income of $15.2 million. The increase at June 30, 2026 compared to June 30, 2025 was driven primarily by growth in retained earnings and changes in unrealized losses in available for sale investment securities. Tangible book value1 per share was $33.42, $32.99 and $29.30 at June 30, 2026, March 31, 2026 and June 30, 2025, respectively. _______________1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. About ACNB Corporation ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.32 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. SAFE HARBOR AND FORWARD-LOOKING STATEMENTS - Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation's consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC. ACNB #2026-10 July 23, 2026 _______________1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. 2 Regulatory capital ratios as of June 30, 2026 are preliminary. 3 Non-performing loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest. 4 Non-performing assets consists of non-performing loans and foreclosed assets held for resale. _______________1 Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the 21% federal income tax statutory rate.2 Average balances include non-accrual loans and are net of unearned income.3 Average balances of investment securities is computed at fair value. _______________1 Income on interest-earning assets has been computed on a fully taxable equivalent basis (FTE) using the 21% federal income tax statutory rate.2 Average balances include non-accrual loans and are net of unearned income.3 Average balances of investment securities is computed at fair value. Non-GAAP Reconciliation Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation’s results of operations and financial condition. These non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation’s industry. Investors should recognize that the Corporation’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other corporations. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety.

GETTYSBURG, Pa., April 29, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved a comprehensive update to its capital allocation strategy, including an increase in its regular quarterly cash dividend, a one-time special cash dividend, and a new share repurchase program. “These actions reflect the Board’s confidence in our solid balance sheet, strong operating performance, and the long-term growth prospects of our business," said James P. Helt, Chief Executive Officer of ACNB Corporation. "By simultaneously raising our quarterly dividend, declaring a special cash dividend, and initiating a new share repurchase program, we are demonstrating our commitment to driving superior value for our shareholders while maintaining the flexibility to invest in our strategic priorities. The declaration of a special dividend underscores a period of exceptional financial performance, and we are pleased that we can reward our shareholders with the surplus capital generated from our strong earnings." Regular Quarterly Dividend Increase The Board of Directors declared a regular quarterly cash dividend of $0.42 per share of ACNB Corporation common stock payable on June 15, 2026, to shareholders of record as of June 1, 2026. This per share amount reflects a 10.5% increase, or $0.04, over the $0.38 cash dividend paid in the first quarter of 2026, and a 23.5% increase over the $0.34 paid in the second quarter of 2025. Special Cash Dividend In addition to the regular quarterly dividend, the Board has declared a one-time special cash dividend of $0.50 per share of ACNB Corporation common stock payable on June 15, 2026, to shareholders of record as of June 1, 2026. New Share Repurchase Authorization ACNB Corporation has fully completed its share repurchase program previously authorized in June 2025, and the Board of Directors has approved a new plan to repurchase, in open market transactions at prevailing market prices, up to 310,000, approximately 3.0%, of the outstanding shares of ACNB’s common stock. The amount and timing of any shares repurchased will be evaluated and determined by management in its discretion and will depend upon a number of factors, including ACNB’s capital position, liquidity, financial performance and alternate uses of capital, the market price of ACNB’s securities, general market and economic conditions, and applicable legal and regulatory requirements, with no guarantee as to the exact number of shares that will be repurchased. The common stock repurchases are expected to be funded by using available capital. Further, this new common stock repurchase program replaces and supersedes any and all earlier announced repurchase plans. ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.27 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two Limited Purpose Offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster, York, and Berks and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. FORWARD-LOOKING STATEMENTS - In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.

GETTYSBURG, Pa., April 23, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $13.7 million, or $1.32 diluted earnings per share, for the three months ended March 31, 2026 compared to net loss of $272 thousand, or $0.03 diluted loss per share, for the three months ended March 31, 2025 and compared to net income of $10.8 million, or $1.04 diluted earnings per share, for the three months ended December 31, 2025. ACNB’s financial results for the three months ended March 31, 2025 were impacted by two discrete items that were related to the acquisition of Traditions Bancorp, Inc. which was completed on February 1, 2025 (“Acquisition”): a provision for credit losses on non-purchase credit deteriorated (“PCD”) loans of $4.2 million, net of taxes, and merger-related expenses, net of taxes, totaling $6.2 million. Financial results for the three months ended March 31, 2025 include ACNB’s standalone results for the month of January 2025. The financial results for the three months ended December 31, 2025 were impacted by an after-tax loss of $2.8 million due to the repositioning of the investment securities portfolio as announced on Form 8-K on December 5, 2025 and, to a lesser extent, after-tax merger-related expenses of $447 thousand. 2026 First Quarter Highlights Return on average assets was 1.71% and return on average equity was 12.97% for the three months ended March 31, 2026 Fully taxable equivalent (“FTE”) net interest margin was 4.46% for the three months ended March 31, 2026 compared to 4.36% for the three months ended December 31, 2025 and 4.07% for the three months ended March 31, 2025 Total loans outstanding were $2.35 billion at March 31, 2026, an increase of 0.8% from December 31, 2025; annualized growth of 3.3% Total noninterest-bearing deposits were $576.1 million at March 31, 2026, an increase of 4.0% from December 31, 2025; annualized growth of 16.3% Total non-performing loans to total loans, net of unearned income, was 0.41% at March 31, 2026 compared to 0.46% at December 31, 2025 and 0.43% at March 31, 2025 Net recoveries to average loans outstanding were 0.00% for the three months ended March 31, 2026 compared to net charge-offs of 0.02% for the three months ended December 31, 2025 and net charge-offs of 0.01% for the three months ended March 31, 2025 Tangible common equity to tangible assets ratio1 of 10.67% at March 31, 2026 compared to 10.60% at December 31, 2025 and 9.33% at March 31, 2025 ACNB repurchased 73,972 shares of ACNB common stock in open market transactions for the three months ended March 31, 2026 at a weighted average price of $47.54 per share. There are 123,099 shares remaining in the current plan “We are pleased to report a strong start to 2026, highlighted by solid profitability, stable asset quality, and continued balance sheet growth. Our results reflect the strength of our core relationship banking strategy, disciplined expense management, and consistent execution across the franchise.” said James P. Helt, ACNB Corporation President and Chief Executive Officer. “Loan growth was healthy during the quarter, supported by a solid pipeline and continued demand across our markets, while deposit growth remained robust and well-balanced, reinforcing our strong liquidity position. Importantly, credit quality metrics remained stable, with low levels of non-performing assets and net charge-offs, underscoring the effectiveness of our conservative underwriting approach.” Mr. Helt continued, “We also maintained strong capital levels, providing both financial flexibility and a solid foundation to support future growth. As we move further into 2026, we remain focused on delivering sustainable earnings, maintaining disciplined risk management, and creating long-term value for our shareholders.” Net Interest Income and Margin Net interest income for the three months ended March 31, 2026 totaled $32.5 million, an increase of $5.4 million from the three months ended March 31, 2025 and a decrease of $336 thousand from the three months ended December 31, 2025. The FTE net interest margin for the three months ended March 31, 2026 was 4.46%, a 39 basis points increase from the three months ended March 31, 2025 and a 10 basis points increase from the three months ended December 31, 2025. The increase in net interest income and FTE net interest margin compared to the three months ended March 31, 2025 was driven primarily by the balance sheet restructuring completed during the three months ended December 31, 2025, the Acquisition and new loans and securities funded during the quarter at higher rates than those that paid off or matured. The FTE yield on total investment securities was 3.66% for the three months ended March 31, 2026, an increase of 75 basis points compared to the three months ended March 31, 2025. Increases in average balances and yields compared to the same period of the prior year were driven primarily by the impact of the Acquisition. For the three months ended March 31, 2026, total average loans increased $208.6 million, or 9.8%, compared to the three months ended March 31, 2025. The FTE yield on total loans was 6.35% for the three months ended March 31, 2026, an increase of 27 basis points compared to the three months ended March 31, 2025. For the three months ended March 31, 2026, total average interest-bearing deposits increased $151.8 million, or 8.6%, from the three months ended March 31, 2025. The average rate paid on interest-bearing deposits was 1.35% for the three months ended March 31, 2026, a decrease of 3 basis points from the three months ended March 31, 2025. For the three months ended March 31, 2026, total average noninterest-bearing demand deposits increased $41.6 million, or 8.1%, from the three months ended March 31, 2025 driven primarily by the Acquisition and promotional incentives on commercial checking accounts. The decrease in net interest income compared to the three months ended December 31, 2025 was driven primarily by fewer days of interest accruals and, to a lesser extent, the decrease in total average earning assets of $27.6 million, or 0.9%. The decrease in interest-earning assets was driven primarily by lower invested cash balances due to the seasonal decline in the balance of one commercial deposit account as well as lower average loans held for sale and loans held for investment. While average loan balances declined, total loans increased as a result of loan closings that occurred at the end of the three months ended March 31, 2026. The FTE net interest margin increased 10 basis points compared to the three months ended December 31, 2025 driven primarily by the impact of the balance sheet restructuring completed during the three months ended December 31, 2025. The FTE yield on total investment securities increased 49 basis points compared to the three months ended December 31, 2025. For the three months ended March 31, 2026, total average interest-bearing deposits increased $3.4 million, or 0.2%, from the three months ended December 31, 2025. The average rate paid on interest-bearing deposits decreased 1 basis point from the three months ended December 31, 2025. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $1.9 million, $1.5 million and $1.9 million for the three months ended March 31, 2026, the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively. _____________________ 1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. Noninterest Income Noninterest income for the three months ended March 31, 2026 was $8.3 million, an increase of $1.1 million and $3.9 million from the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively. The increase compared to the three months ended March 31, 2025 was driven primarily by the Acquisition and compared to the three months ended December 31, 2025 was driven primarily by the repositioning of the investment securities portfolio, which generated a $3.6 million pre-tax loss on the sale of investment securities. Gain from mortgage loans held for sale for the three months ended March 31, 2026 was $1.2 million, an increase of $371 thousand from the three months ended March 31, 2025 driven primarily by the Acquisition. Earnings on investment in bank-owned life insurance was $737 thousand for the three months ended March 31, 2026, a $157 thousand increase from the three months ended March 31, 2025 driven primarily by the purchase of new policies in the third quarter of 2025 and the Acquisition. The sale of a building contributed a $177 thousand gain on assets held for sale and a death benefit contributed a $174 thousand gain on life insurance proceeds for the three months ended March 31, 2026. Service charges on deposits totaled $1.2 million, a $141 thousand increase compared to the three months ended March 31, 2025 driven primarily by the Acquisition. Wealth management income was $1.2 million, a $100 thousand increase compared to the three months ended March 31, 2025 driven primarily by growth of fee-based assets under management/ administration. Other totaled $489 thousand, a $140 thousand increase primarily attributable to a gain on a loan sale compared to the three months ended March 31, 2025. Excluding the net gains (losses) on sales or calls of investment securities, the increase in noninterest income compared to the three months ended December 31, 2025 was impacted by a gain on life insurance proceeds of $174 thousand and the gain on assets held for sale of $177 thousand. Insurance commissions were $2.1 million, a $246 thousand increase compared to the three months ended December 31, 2025 driven primarily by higher renewals and the policy cancellation of a customer in the prior quarter. Partially offsetting the increase in noninterest income were lower gains from mortgage loans held for sale, service charges on deposits and ATM debit charges primarily driven by seasonality. Noninterest Expense Noninterest expense for the three months ended March 31, 2026 was $23.6 million, a decrease of $5.7 million from the three months ended March 31, 2025, driven primarily by the Acquisition, and an increase of $162 thousand from the three months ended December 31, 2025. Merger-related expenses totaled $8.0 million for the three months ended March 31, 2025 and $575 thousand for the three months ended December 31, 2025 compared to no merger-related expenses for the three months ended March 31, 2026. Salaries and employee benefits expense for the three months ended March 31, 2026 increased $1.2 million and $1.0 million compared to the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively. The increase from the three months ended March 31, 2025 was driven primarily by additional employees attributable to the Acquisition as well as merit increases. The increase from the three months ended December 31, 2025 was driven primarily by seasonal expenses of $600 thousand related to incentive stock awards and $270 thousand related to ACNB’s liability for unused vacation days, which was driven primarily by headcount increases due to the Acquisition. Equipment expense increased $320 thousand and $244 thousand from the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively, driven primarily by the Acquisition and the implementation of additional products into our core processing system compared to the three months ended March 31, 2025 and higher core processing and hardware expense compared to the three months ended December 31, 2025. Net occupancy for the three months ended March 31, 2026 increased $91 thousand and $292 thousand compared to the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively. The increase compared to the three months ended March 31, 2025 was driven primarily by the Acquisition, and the increase compared to the three months ended December 31, 2025 was driven primarily by seasonally higher snow removal and utility expenses. Professional services increased $101 thousand and decreased $74 thousand compared to the three months ended March 31, 2025 and the three months ended December 31, 2025, respectively. The increase compared to the three months ended March 31, 2025 was driven primarily by the higher professional services for software integration and legal fees, and the decrease from the three months ended December 31, 2025 was driven primarily by higher consulting fees in 2025. Intangible assets amortization increased $199 thousand compared to the three months ended March 31, 2025 and decreased $74 thousand compared to the three months ended December 31, 2025. The increase was a result of the Acquisition and the decrease was a result of normal attrition. Other increased $343 thousand compared to the three months ended March 31, 2025 and decreased $666 thousand for the three months ended December 31, 2025. The increase from the three months ended March 31, 2025 was driven primarily by higher internet banking expenses and supplies and postage, and the decrease was driven primarily by a $475 thousand write-off of legacy accounts receivable at the insurance subsidiary and higher mortgage underwriting and software expenses during the three months ended December 31, 2025. Loans and Asset Quality Total loans outstanding were $2.35 billion at March 31, 2026, an increase of $18.7 million from December 31, 2025 and an increase of $27.0 million from March 31, 2025. The increase compared to December 31, 2025 was driven primarily by growth in the commercial real estate portfolio and was partially offset by a decrease in real estate construction. The growth in commercial real estate was spread across a variety of industries, including non-owner occupied apartment complex, owner occupied and non-owner occupied farming, non-owner occupied warehouse and owner occupied office complex categories. The allowance for credit losses was $23.6 million at March 31, 2026, a decrease of $57 thousand compared to December 31, 2025 and a decrease of $1.0 million compared to March 31, 2025. The decrease compared to December 31, 2025 was driven primarily by the movement of higher risk rated construction loans to lower risk rated commercial real estate loans and the paydowns of loans with a specific reserve partially offset by loan growth. The decrease compared to March 31, 2025 was driven primarily by the incorporation of post-COVID lower credit loss history in the bank’s allowance for credit losses model. Total non-performing loans to total loans, net of unearned income, decreased to 0.41% as of March 31, 2026, from 0.46% and 0.43% at December 31, 2025 and March 31, 2025, respectively. The decreases from December 31, 2025 and March 31, 2025 were driven by payments received on nonperforming loans. Deposits and Borrowings Total deposits were $2.53 billion at March 31, 2026, an increase of $75.6 million from December 31, 2025 and a decrease of $14.2 million from March 31, 2025. Included in total deposits at March 31, 2026 were $576.1 million of noninterest-bearing deposits, which increased $22.2 million and $13.4 million from December 31, 2025 and March 31, 2025, respectively, driven primarily by growth in commercial balances due to promotional incentives on commercial checking accounts. Total interest-bearing deposits were $1.95 billion at March 31, 2026, an increase of $53.4 million from December 31, 2025 and a decrease of $27.6 million from March 31, 2025. Money markets, included in interest-bearing deposits, increased $11.2 million since December 31, 2025 and decreased $52.7 million since March 31, 2025. The increase in money market deposits from December 31, 2025 was driven primarily by growth in balances of both consumer and commercial accounts and the decrease from March 31, 2025 was driven primarily by attrition of higher cost money market deposits from the Acquisition. Time deposits increased $35.6 million and $11.4 million since December 31, 2025 and March 31, 2025, respectively. Included in time deposits were $89.1 million brokered time deposits, an increase of $30.0 million from December 31, 2025 and $35.0 million from March 31, 2025, respectively. Total borrowings were $279.2 million at March 31, 2026, a decrease of $40.9 million and $20.3 million compared to December 31, 2025 and March 31, 2025, respectively. On February 27, 2026, the Corporation paid off a $40.0 million FHLB 4.99% fixed rate advance as a result of excess liquidity during the quarter. Stockholders’ Equity Total stockholders’ equity was $425.5 million at March 31, 2026 compared to $420.0 million at December 31, 2025 and $386.9 million at March 31, 2025. The increase at March 31, 2026 compared to December 31, 2025 was driven primarily by net income of $13.7 million partially offset by dividends paid of $3.9 million, common stock repurchases of $3.6 million, and a $1.3 million change in unrealized losses in available for sale investment securities. The increase at March 31, 2026 compared to March 31, 2025 was driven primarily by growth in retained earnings and a change in unrealized losses in available for sale investment securities. Tangible book value1 per share was $32.99, $32.22 and $28.23 at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. _____________________ 1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. About ACNB Corporation ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.27 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. SAFE HARBOR AND FORWARD-LOOKING STATEMENTS - Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation's consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC. ACNB #2026-02 April 23, 2026 ACNB Corporation Financial Highlights Selected Financial Data by Respective Quarter End (Unaudited) 1 Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document. 2 Regulatory capital ratios as of March 31, 2026 are preliminary. 3 Non-performing loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest. 4 Non-performing assets consists of non-performing loans and foreclosed assets held for resale. Consolidated Statements of Condition Consolidated Income (Loss) Statements (Unaudited) Average Balances, Income and Expenses, Yields and Rates _____________________ 1 Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the 21% federal income tax statutory rate. 2 Average balances include non-accrual loans and are net of unearned income. 3 Average balances of investment securities is computed at fair value. Loan and Deposit Detail by Type Non-GAAP Reconciliation Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation’s results of operations and financial condition. These non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation’s industry. Investors should recognize that the Corporation’s presentation of these non-GAAP financial measures might not be comparable to similarly-titled measures of other corporations. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety. Contact: Jason H. Weber EVP/Treasurer & Chief Financial Officer 717.339.5090 [email protected]

ACNB (ACNB) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.49%. A quarter ago, it was expected that this bank would post earnings of $1.26 per share when it actually produced earnings of $1.35, delivering a surprise of +7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. ACNB, which belongs to the Zacks Banks - Southwest industry, posted revenues of $40.79 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.70%. This compares to year-ago revenues of $34.27 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACNB shares have added about 2.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While ACNB has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ACNB was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.33 on $41.11 million in revenues for the coming quarter and $5.18 on $163.52 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, First Bank (FRBA), has yet to report results for the quarter ended March 2026. The results are expected to be released on April 27. This company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +27%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Bank's revenues are expected to be $37.36 million, up 9.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACNB Corporation (ACNB) : Free Stock Analysis Report First Bank (FRBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

GETTYSBURG, Pa., Jan. 29, 2026 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.38 per share of ACNB Corporation common stock payable on March 13, 2026, to shareholders of record as of February 27, 2026. This per share amount reflects a 18.7% increase, or $0.06, over the $0.32 cash dividend pain in the first quarter of 2025. ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.23 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and one Limited Purpose Office located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com. FORWARD-LOOKING STATEMENTS - In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.