ACNB Corporation Q1 Profit Soars to $13.7 Million; NIM Expands to 4.46%
ACNB Corporation reported Q1 2026 net income of $13.7 million, or $1.32 diluted EPS, reversing a $0.03 per-share loss in Q1 2025. Return on average assets was 1.71% and FTE net interest margin rose to 4.46%, while loans climbed 0.8% to $2.35 billion and noninterest deposits grew 4.0%.
1. Q1 Financial Results
ACNB posted net income of $13.7 million in Q1 2026, or $1.32 diluted EPS, compared with a net loss of $272 thousand, or $0.03 per share, in Q1 2025. This turnaround reflects the absence of prior year discrete items related to the Traditions Bancorp acquisition and merger expenses.
2. Net Interest Income and Margin
Net interest income reached $32.5 million, up $5.4 million year-over-year, and FTE net interest margin improved by 39 basis points to 4.46%. Margin expansion was driven by balance sheet restructuring, the Traditions acquisition and higher-yielding new loans and securities.
3. Balance Sheet and Asset Quality
Total loans rose 0.8% sequentially to $2.35 billion, annualized growth of 3.3%, while noninterest-bearing deposits increased 4.0% to $576.1 million. Non-performing loans to total loans fell to 0.41%, and net charge-offs remained negligible at 0.00%.
4. Capital and Share Repurchases
Tangible common equity to tangible assets ratio improved to 10.67% from 10.60% last quarter. ACNB repurchased 73,972 shares at an average price of $47.54, with 123,099 shares remaining under its repurchase plan.