Annual Income Statements for ACNB
This table shows ACNB's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for ACNB
This table shows ACNB's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
Consolidated Net Income / (Loss) |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
Net Income / (Loss) Continuing Operations |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
Total Pre-Tax Income |
|
13 |
13 |
11 |
12 |
12 |
4.75 |
8.53 |
14 |
9.41 |
8.23 |
Total Revenue |
|
28 |
29 |
28 |
28 |
28 |
22 |
26 |
27 |
28 |
27 |
Net Interest Income / (Expense) |
|
23 |
24 |
23 |
22 |
22 |
21 |
21 |
21 |
21 |
21 |
Total Interest Income |
|
23 |
25 |
24 |
23 |
24 |
25 |
26 |
27 |
27 |
27 |
Loans and Leases Interest Income |
|
18 |
19 |
19 |
19 |
21 |
22 |
22 |
23 |
23 |
24 |
Investment Securities Interest Income |
|
3.04 |
3.25 |
3.64 |
3.02 |
2.87 |
2.95 |
3.44 |
3.20 |
3.15 |
3.07 |
Other Interest Income |
|
2.13 |
2.47 |
1.01 |
0.89 |
0.72 |
0.69 |
0.75 |
0.68 |
0.67 |
0.73 |
Total Interest Expense |
|
0.86 |
0.85 |
0.82 |
1.22 |
2.49 |
3.79 |
5.38 |
5.91 |
6.30 |
6.27 |
Deposits Interest Expense |
|
0.61 |
0.57 |
0.47 |
0.49 |
0.93 |
1.81 |
2.16 |
2.64 |
3.11 |
3.28 |
Short-Term Borrowings Interest Expense |
|
0.02 |
0.02 |
0.02 |
0.11 |
0.44 |
0.33 |
0.34 |
0.30 |
0.20 |
0.01 |
Long-Term Debt Interest Expense |
|
0.23 |
0.26 |
0.33 |
0.63 |
1.12 |
1.65 |
2.88 |
2.96 |
2.98 |
2.98 |
Total Non-Interest Income |
|
5.85 |
5.42 |
4.98 |
6.19 |
6.30 |
0.97 |
5.67 |
6.43 |
6.83 |
5.80 |
Other Service Charges |
|
2.79 |
2.09 |
2.07 |
3.13 |
3.04 |
2.20 |
2.31 |
2.97 |
3.13 |
2.31 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.09 |
0.23 |
-0.17 |
-0.24 |
-0.01 |
-4.46 |
0.06 |
0.00 |
0.03 |
-0.03 |
Other Non-Interest Income |
|
3.15 |
3.10 |
3.08 |
3.30 |
3.27 |
3.23 |
3.30 |
3.46 |
3.68 |
3.52 |
Provision for Credit Losses |
|
0.00 |
- |
0.37 |
-0.15 |
0.08 |
0.54 |
0.00 |
-3.25 |
0.12 |
0.37 |
Total Non-Interest Expense |
|
15 |
17 |
16 |
16 |
16 |
17 |
18 |
16 |
18 |
18 |
Salaries and Employee Benefits |
|
9.32 |
9.79 |
10 |
9.82 |
10 |
11 |
11 |
10 |
11 |
10 |
Net Occupancy & Equipment Expense |
|
2.52 |
3.02 |
2.64 |
2.63 |
2.50 |
2.66 |
2.86 |
2.56 |
2.64 |
3.42 |
Other Operating Expenses |
|
3.03 |
3.69 |
2.68 |
3.31 |
3.26 |
4.04 |
3.23 |
3.00 |
3.04 |
3.71 |
Amortization Expense |
|
0.40 |
0.40 |
0.36 |
0.36 |
0.35 |
0.35 |
0.32 |
0.32 |
0.30 |
0.30 |
Income Tax Expense |
|
2.73 |
2.60 |
2.40 |
2.53 |
2.58 |
0.65 |
1.76 |
2.97 |
2.21 |
1.64 |
Basic Earnings per Share |
|
$1.20 |
$1.20 |
$1.06 |
$1.12 |
$1.06 |
$0.48 |
$0.80 |
$1.32 |
$0.85 |
$0.78 |
Weighted Average Basic Shares Outstanding |
|
8.51M |
8.62M |
8.52M |
8.56M |
8.52M |
8.51M |
8.54M |
8.55M |
8.51M |
8.50M |
Diluted Earnings per Share |
|
$1.20 |
$1.20 |
$1.06 |
$1.12 |
$1.06 |
$0.47 |
$0.80 |
$1.32 |
$0.84 |
$0.77 |
Weighted Average Diluted Shares Outstanding |
|
8.51M |
8.62M |
8.52M |
8.56M |
8.55M |
8.54M |
8.54M |
8.55M |
8.55M |
8.54M |
Weighted Average Basic & Diluted Shares Outstanding |
|
8.51M |
8.51M |
8.52M |
8.56M |
8.51M |
8.51M |
8.54M |
8.55M |
8.55M |
10.54M |
Annual Cash Flow Statements for ACNB
This table details how cash moves in and out of ACNB's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-542 |
-102 |
-19 |
Net Cash From Operating Activities |
39 |
41 |
40 |
Net Cash From Continuing Operating Activities |
39 |
41 |
40 |
Net Income / (Loss) Continuing Operations |
36 |
32 |
32 |
Consolidated Net Income / (Loss) |
36 |
32 |
32 |
Provision For Loan Losses |
0.00 |
0.84 |
-2.76 |
Depreciation Expense |
3.80 |
3.36 |
3.03 |
Amortization Expense |
2.16 |
0.69 |
1.70 |
Non-Cash Adjustments to Reconcile Net Income |
2.34 |
6.23 |
-0.14 |
Changes in Operating Assets and Liabilities, net |
-4.85 |
-2.21 |
6.11 |
Net Cash From Investing Activities |
-332 |
15 |
2.43 |
Net Cash From Continuing Investing Activities |
-332 |
15 |
2.43 |
Purchase of Property, Leasehold Improvements and Equipment |
-1.81 |
-1.17 |
-0.96 |
Purchase of Investment Securities |
-398 |
-147 |
-56 |
Sale of Property, Leasehold Improvements and Equipment |
1.09 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
66 |
163 |
60 |
Other Investing Activities, net |
0.42 |
0.00 |
0.00 |
Net Cash From Financing Activities |
-249 |
-158 |
-61 |
Net Cash From Continuing Financing Activities |
-249 |
-158 |
-61 |
Net Change in Deposits |
-227 |
-337 |
-69 |
Issuance of Debt |
8.25 |
190 |
19 |
Issuance of Common Equity |
0.71 |
0.72 |
0.42 |
Repayment of Debt |
-15 |
0.00 |
0.00 |
Repurchase of Common Equity |
-6.68 |
-2.03 |
-0.25 |
Payment of Dividends |
-9.12 |
-9.70 |
-11 |
Cash Interest Paid |
3.68 |
7.16 |
23 |
Cash Income Taxes Paid |
7.23 |
10 |
6.63 |
Quarterly Cash Flow Statements for ACNB
This table details how cash moves in and out of ACNB's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-39 |
-189 |
-54 |
-30 |
-20 |
1.92 |
-13 |
33 |
-28 |
-11 |
Net Cash From Operating Activities |
|
13 |
9.73 |
15 |
9.55 |
7.52 |
8.61 |
11 |
9.71 |
14 |
5.71 |
Net Cash From Continuing Operating Activities |
|
13 |
9.73 |
15 |
9.55 |
7.52 |
8.61 |
11 |
9.71 |
14 |
5.71 |
Net Income / (Loss) Continuing Operations |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
Consolidated Net Income / (Loss) |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
Provision For Loan Losses |
|
- |
- |
0.37 |
-0.15 |
0.08 |
0.54 |
0.07 |
-3.25 |
0.12 |
0.29 |
Depreciation Expense |
|
0.95 |
1.01 |
0.88 |
0.85 |
0.83 |
0.80 |
0.77 |
0.76 |
0.74 |
0.77 |
Amortization Expense |
|
-0.15 |
1.17 |
0.45 |
0.49 |
-0.44 |
0.20 |
0.41 |
0.45 |
0.43 |
0.40 |
Non-Cash Adjustments to Reconcile Net Income |
|
-0.01 |
-0.45 |
-0.97 |
0.05 |
-4.05 |
11 |
-0.03 |
-2.53 |
-2.92 |
5.34 |
Changes in Operating Assets and Liabilities, net |
|
1.94 |
-2.20 |
5.16 |
-1.21 |
2.07 |
-8.23 |
2.83 |
3.00 |
7.97 |
-7.69 |
Net Cash From Investing Activities |
|
-30 |
-56 |
63 |
-1.71 |
-33 |
-13 |
-15 |
-9.07 |
19 |
6.71 |
Net Cash From Continuing Investing Activities |
|
-30 |
-56 |
63 |
-1.71 |
-33 |
-13 |
-15 |
-9.07 |
19 |
6.71 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.49 |
-0.61 |
-0.06 |
-0.05 |
-0.07 |
-0.99 |
-0.08 |
-0.29 |
-0.22 |
-0.37 |
Purchase of Investment Securities |
|
-44 |
-86 |
4.94 |
-45 |
-42 |
-65 |
-38 |
-16 |
3.46 |
-6.01 |
Sale and/or Maturity of Investments |
|
15 |
22 |
58 |
43 |
9.05 |
53 |
24 |
6.84 |
16 |
13 |
Net Cash From Financing Activities |
|
-21 |
-143 |
-132 |
-38 |
5.25 |
6.41 |
-9.10 |
33 |
-61 |
-23 |
Net Cash From Continuing Financing Activities |
|
-21 |
-143 |
-132 |
-38 |
5.25 |
6.41 |
-9.10 |
33 |
-61 |
-23 |
Net Change in Deposits |
|
-28 |
-137 |
-143 |
-92 |
-12 |
-90 |
-27 |
3.36 |
-47 |
1.18 |
Issuance of Debt |
|
13 |
0.31 |
25 |
35 |
40 |
90 |
60 |
- |
- |
-41 |
Issuance of Common Equity |
|
0.17 |
-0.31 |
0.19 |
0.19 |
0.17 |
0.18 |
-0.23 |
0.19 |
0.24 |
0.24 |
Repayment of Debt |
|
-0.60 |
-3.05 |
-12 |
21 |
-19 |
8.85 |
-40 |
32 |
-11 |
19 |
Payment of Dividends |
|
-2.21 |
-2.38 |
-2.38 |
-2.39 |
-2.38 |
-2.55 |
-2.55 |
-2.72 |
-2.72 |
-2.72 |
Cash Interest Paid |
|
0.86 |
0.85 |
0.75 |
1.06 |
1.92 |
3.44 |
5.32 |
5.56 |
5.96 |
6.25 |
Cash Income Taxes Paid |
|
1.95 |
2.83 |
0.00 |
4.80 |
2.55 |
2.68 |
0.00 |
1.50 |
2.68 |
2.45 |
Annual Balance Sheets for ACNB
This table presents ACNB's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
2,526 |
2,419 |
2,395 |
Cash and Due from Banks |
40 |
21 |
16 |
Interest Bearing Deposits at Other Banks |
128 |
45 |
31 |
Trading Account Securities |
620 |
518 |
460 |
Loans and Leases, Net of Allowance |
-18 |
1,608 |
1,666 |
Loans and Leases |
- |
1,628 |
1,683 |
Allowance for Loan and Lease Losses |
18 |
20 |
17 |
Premises and Equipment, Net |
27 |
26 |
25 |
Goodwill |
44 |
44 |
44 |
Intangible Assets |
10 |
9.08 |
7.84 |
Other Assets |
1,652 |
148 |
145 |
Total Liabilities & Shareholders' Equity |
2,526 |
2,419 |
2,395 |
Total Liabilities |
2,280 |
2,141 |
2,092 |
Non-Interest Bearing Deposits |
595 |
500 |
452 |
Interest Bearing Deposits |
1,604 |
1,361 |
1,341 |
Short-Term Debt |
42 |
57 |
16 |
Long-Term Debt |
21 |
195 |
255 |
Other Long-Term Liabilities |
19 |
27 |
28 |
Total Equity & Noncontrolling Interests |
245 |
277 |
303 |
Total Preferred & Common Equity |
245 |
277 |
303 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
245 |
277 |
303 |
Common Stock |
118 |
120 |
122 |
Retained Earnings |
194 |
213 |
235 |
Treasury Stock |
-8.93 |
-11 |
-11 |
Accumulated Other Comprehensive Income / (Loss) |
-58 |
-45 |
-42 |
Quarterly Balance Sheets for ACNB
This table presents ACNB's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,654 |
2,411 |
2,378 |
2,389 |
2,414 |
2,458 |
2,421 |
Cash and Due from Banks |
|
25 |
25 |
25 |
23 |
17 |
27 |
25 |
Interest Bearing Deposits at Other Banks |
|
332 |
89 |
59 |
41 |
36 |
60 |
33 |
Trading Account Securities |
|
572 |
568 |
518 |
501 |
491 |
486 |
485 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
1,645 |
1,662 |
1,660 |
Loans and Leases |
|
- |
- |
- |
- |
1,665 |
1,680 |
1,677 |
Allowance for Loan and Lease Losses |
|
- |
- |
- |
- |
20 |
17 |
17 |
Premises and Equipment, Net |
|
27 |
27 |
26 |
26 |
26 |
26 |
26 |
Goodwill |
|
44 |
44 |
44 |
44 |
44 |
44 |
44 |
Intangible Assets |
|
11 |
9.97 |
9.61 |
9.43 |
8.76 |
8.45 |
8.14 |
Other Assets |
|
1,643 |
1,648 |
1,696 |
1,744 |
147 |
145 |
140 |
Total Liabilities & Shareholders' Equity |
|
2,654 |
2,411 |
2,378 |
2,389 |
2,414 |
2,458 |
2,421 |
Total Liabilities |
|
2,422 |
2,155 |
2,121 |
2,133 |
2,134 |
2,168 |
2,114 |
Non-Interest Bearing Deposits |
|
589 |
594 |
570 |
566 |
500 |
480 |
464 |
Interest Bearing Deposits |
|
1,747 |
1,461 |
1,394 |
1,386 |
1,336 |
1,359 |
1,328 |
Short-Term Debt |
|
42 |
30 |
52 |
33 |
17 |
49 |
38 |
Long-Term Debt |
|
24 |
46 |
81 |
120 |
255 |
255 |
255 |
Other Long-Term Liabilities |
|
20 |
23 |
25 |
28 |
27 |
26 |
30 |
Total Equity & Noncontrolling Interests |
|
232 |
256 |
257 |
256 |
280 |
289 |
307 |
Total Preferred & Common Equity |
|
232 |
256 |
257 |
256 |
280 |
289 |
307 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
232 |
256 |
257 |
256 |
280 |
289 |
307 |
Common Stock |
|
118 |
119 |
119 |
119 |
120 |
121 |
121 |
Retained Earnings |
|
186 |
198 |
205 |
212 |
218 |
226 |
231 |
Treasury Stock |
|
-8.93 |
-8.96 |
-8.96 |
-11 |
-11 |
-11 |
-11 |
Accumulated Other Comprehensive Income / (Loss) |
|
-63 |
-52 |
-58 |
-65 |
-47 |
-46 |
-34 |
Annual Metrics And Ratios for ACNB
This table displays calculated financial ratios and metrics derived from ACNB's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
11.93% |
1.46% |
1.48% |
EBITDA Growth |
26.98% |
-13.76% |
2.85% |
EBIT Growth |
28.36% |
-11.35% |
1.43% |
NOPAT Growth |
28.45% |
-11.37% |
0.50% |
Net Income Growth |
28.45% |
-11.37% |
0.50% |
EPS Growth |
0.00% |
-10.60% |
0.54% |
Operating Cash Flow Growth |
-6.94% |
3.57% |
-2.02% |
Free Cash Flow Firm Growth |
93.82% |
-372.25% |
93.18% |
Invested Capital Growth |
-9.95% |
71.96% |
8.46% |
Revenue Q/Q Growth |
6.57% |
-6.16% |
4.29% |
EBITDA Q/Q Growth |
20.11% |
-17.37% |
8.62% |
EBIT Q/Q Growth |
19.62% |
-16.81% |
9.23% |
NOPAT Q/Q Growth |
18.98% |
-16.15% |
8.51% |
Net Income Q/Q Growth |
18.98% |
-16.15% |
8.51% |
EPS Q/Q Growth |
0.00% |
-16.44% |
8.75% |
Operating Cash Flow Q/Q Growth |
3.75% |
-2.68% |
-6.81% |
Free Cash Flow Firm Q/Q Growth |
-20.83% |
-159.58% |
91.98% |
Invested Capital Q/Q Growth |
3.33% |
29.49% |
-4.24% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
48.37% |
41.12% |
41.68% |
EBIT Margin |
42.72% |
37.32% |
37.31% |
Profit (Net Income) Margin |
33.97% |
29.68% |
29.39% |
Tax Burden Percent |
79.54% |
79.52% |
78.79% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
20.46% |
20.48% |
21.21% |
Return on Invested Capital (ROIC) |
11.00% |
7.57% |
5.77% |
ROIC Less NNEP Spread (ROIC-NNEP) |
11.00% |
7.57% |
5.77% |
Return on Net Nonoperating Assets (RNNOA) |
2.83% |
4.56% |
5.20% |
Return on Equity (ROE) |
13.83% |
12.13% |
10.97% |
Cash Return on Invested Capital (CROIC) |
21.47% |
-45.35% |
-2.35% |
Operating Return on Assets (OROA) |
1.69% |
1.61% |
1.68% |
Return on Assets (ROA) |
1.35% |
1.28% |
1.32% |
Return on Common Equity (ROCE) |
13.83% |
12.13% |
10.97% |
Return on Equity Simple (ROE_SIMPLE) |
14.59% |
11.42% |
10.50% |
Net Operating Profit after Tax (NOPAT) |
36 |
32 |
32 |
NOPAT Margin |
33.97% |
29.68% |
29.39% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
44.35% |
48.10% |
50.22% |
Operating Expenses to Revenue |
57.28% |
61.89% |
65.24% |
Earnings before Interest and Taxes (EBIT) |
45 |
40 |
40 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
51 |
44 |
45 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.28 |
1.32 |
1.11 |
Price to Tangible Book Value (P/TBV) |
1.65 |
1.63 |
1.34 |
Price to Revenue (P/Rev) |
2.99 |
3.42 |
3.12 |
Price to Earnings (P/E) |
8.80 |
11.54 |
10.61 |
Dividend Yield |
2.87% |
2.65% |
3.19% |
Earnings Yield |
11.36% |
8.67% |
9.43% |
Enterprise Value to Invested Capital (EV/IC) |
0.68 |
1.04 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
1.99 |
5.17 |
5.18 |
Enterprise Value to EBITDA (EV/EBITDA) |
4.11 |
12.57 |
12.44 |
Enterprise Value to EBIT (EV/EBIT) |
4.66 |
13.85 |
13.90 |
Enterprise Value to NOPAT (EV/NOPAT) |
5.86 |
17.41 |
17.64 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
5.34 |
13.59 |
14.12 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
3.00 |
0.00 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.26 |
0.91 |
0.89 |
Long-Term Debt to Equity |
0.09 |
0.70 |
0.84 |
Financial Leverage |
0.26 |
0.60 |
0.90 |
Leverage Ratio |
10.27 |
9.46 |
8.29 |
Compound Leverage Factor |
10.27 |
9.46 |
8.29 |
Debt to Total Capital |
20.44% |
47.61% |
47.20% |
Short-Term Debt to Total Capital |
13.62% |
10.74% |
2.76% |
Long-Term Debt to Total Capital |
6.82% |
36.87% |
44.45% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
79.56% |
52.39% |
52.80% |
Debt to EBITDA |
1.24 |
5.74 |
6.01 |
Net Debt to EBITDA |
-2.07 |
4.24 |
4.96 |
Long-Term Debt to EBITDA |
0.41 |
4.45 |
5.65 |
Debt to NOPAT |
1.76 |
7.96 |
8.51 |
Net Debt to NOPAT |
-2.94 |
5.88 |
7.03 |
Long-Term Debt to NOPAT |
0.59 |
6.16 |
8.02 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
70 |
-190 |
-13 |
Operating Cash Flow to CapEx |
5,459.75% |
3,476.20% |
4,143.96% |
Free Cash Flow to Firm to Interest Expense |
19.25 |
-22.83 |
-0.54 |
Operating Cash Flow to Interest Expense |
10.82 |
4.88 |
1.67 |
Operating Cash Flow Less CapEx to Interest Expense |
10.62 |
4.74 |
1.63 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.04 |
0.04 |
0.05 |
Fixed Asset Turnover |
3.63 |
4.00 |
4.19 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
308 |
530 |
574 |
Invested Capital Turnover |
0.32 |
0.25 |
0.20 |
Increase / (Decrease) in Invested Capital |
-34 |
222 |
45 |
Enterprise Value (EV) |
209 |
552 |
562 |
Market Capitalization |
315 |
366 |
338 |
Book Value per Share |
$28.79 |
$32.61 |
$35.48 |
Tangible Book Value per Share |
$22.39 |
$26.35 |
$29.39 |
Total Capital |
308 |
530 |
574 |
Total Debt |
63 |
252 |
271 |
Total Long-Term Debt |
21 |
195 |
255 |
Net Debt |
-105 |
186 |
224 |
Capital Expenditures (CapEx) |
0.72 |
1.17 |
0.96 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
63 |
252 |
271 |
Total Depreciation and Amortization (D&A) |
5.95 |
4.05 |
4.74 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$4.15 |
$3.72 |
$3.75 |
Adjusted Weighted Average Basic Shares Outstanding |
8.51M |
8.51M |
8.50M |
Adjusted Diluted Earnings per Share |
$0.00 |
$3.71 |
$3.73 |
Adjusted Weighted Average Diluted Shares Outstanding |
8.51M |
8.51M |
8.54M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
8.51M |
8.51M |
10.54M |
Normalized Net Operating Profit after Tax (NOPAT) |
36 |
32 |
33 |
Normalized NOPAT Margin |
33.97% |
29.68% |
30.88% |
Pre Tax Income Margin |
42.72% |
37.32% |
37.31% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
12.40 |
4.79 |
1.69 |
NOPAT to Interest Expense |
9.87 |
3.81 |
1.34 |
EBIT Less CapEx to Interest Expense |
12.21 |
4.65 |
1.65 |
NOPAT Less CapEx to Interest Expense |
9.67 |
3.67 |
1.29 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
25.50% |
30.62% |
33.64% |
Augmented Payout Ratio |
44.19% |
37.01% |
34.42% |
Quarterly Metrics And Ratios for ACNB
This table displays calculated financial ratios and metrics derived from ACNB's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
21.89% |
28.23% |
30.51% |
8.90% |
-1.15% |
-23.78% |
-6.47% |
-2.81% |
-0.95% |
19.82% |
EBITDA Growth |
|
29.13% |
132.05% |
23.31% |
14.13% |
-13.29% |
-61.63% |
-23.31% |
15.42% |
-11.86% |
62.38% |
EBIT Growth |
|
40.34% |
135.86% |
38.77% |
10.86% |
-10.90% |
-62.92% |
-24.72% |
18.20% |
-19.07% |
71.98% |
NOPAT Growth |
|
40.27% |
126.90% |
36.73% |
10.36% |
-12.40% |
-59.83% |
-24.99% |
18.43% |
-20.35% |
60.97% |
Net Income Growth |
|
40.27% |
126.90% |
36.73% |
10.36% |
-12.40% |
-59.83% |
-24.99% |
18.43% |
-20.35% |
60.97% |
EPS Growth |
|
0.00% |
0.00% |
39.47% |
13.13% |
-11.67% |
-60.83% |
-24.53% |
17.86% |
-20.75% |
63.83% |
Operating Cash Flow Growth |
|
51.02% |
17.05% |
108.34% |
3.25% |
-42.43% |
-11.48% |
-27.49% |
1.59% |
80.26% |
-33.74% |
Free Cash Flow Firm Growth |
|
284.92% |
249.28% |
-115.32% |
-235.36% |
-248.99% |
-591.97% |
-3,007.23% |
-141.90% |
-80.16% |
82.44% |
Invested Capital Growth |
|
-16.31% |
-9.95% |
5.03% |
29.65% |
37.23% |
71.96% |
66.36% |
52.30% |
46.65% |
8.46% |
Revenue Q/Q Growth |
|
9.62% |
3.88% |
-4.73% |
0.38% |
-0.50% |
-19.90% |
16.90% |
4.31% |
1.40% |
-3.10% |
EBITDA Q/Q Growth |
|
18.00% |
8.11% |
-14.85% |
5.07% |
-10.35% |
-52.16% |
72.57% |
58.12% |
-31.53% |
-11.87% |
EBIT Q/Q Growth |
|
20.00% |
-1.92% |
-10.76% |
5.55% |
-3.55% |
-59.18% |
84.23% |
65.72% |
-33.96% |
-13.26% |
NOPAT Q/Q Growth |
|
19.63% |
-1.21% |
-11.53% |
5.55% |
-5.04% |
-54.70% |
65.19% |
66.65% |
-36.13% |
-8.45% |
Net Income Q/Q Growth |
|
19.63% |
-1.21% |
-11.53% |
5.55% |
-5.04% |
-54.70% |
65.19% |
66.65% |
-36.13% |
-8.45% |
EPS Q/Q Growth |
|
21.21% |
0.00% |
-11.67% |
5.66% |
-5.36% |
-55.66% |
70.21% |
65.00% |
-36.36% |
-8.33% |
Operating Cash Flow Q/Q Growth |
|
41.13% |
-25.51% |
53.36% |
-35.96% |
-21.31% |
14.54% |
25.63% |
-10.28% |
39.63% |
-57.90% |
Free Cash Flow Firm Q/Q Growth |
|
16.31% |
-35.36% |
-115.55% |
-1,057.92% |
-28.03% |
-113.44% |
1.80% |
9.86% |
4.65% |
79.19% |
Invested Capital Q/Q Growth |
|
-0.86% |
3.33% |
7.84% |
17.35% |
4.94% |
29.49% |
4.32% |
7.44% |
1.05% |
-4.24% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
48.82% |
50.81% |
45.41% |
47.53% |
42.83% |
25.58% |
37.24% |
56.45% |
38.11% |
34.66% |
EBIT Margin |
|
46.00% |
43.43% |
40.68% |
42.77% |
41.46% |
21.13% |
32.74% |
52.02% |
33.88% |
30.33% |
Profit (Net Income) Margin |
|
36.39% |
34.61% |
32.14% |
33.79% |
32.25% |
18.24% |
25.77% |
41.18% |
25.94% |
24.50% |
Tax Burden Percent |
|
79.12% |
79.69% |
79.00% |
79.00% |
77.78% |
86.33% |
79.38% |
79.16% |
76.56% |
80.09% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
99.16% |
100.00% |
100.00% |
100.88% |
Effective Tax Rate |
|
20.88% |
20.31% |
21.00% |
21.00% |
22.22% |
13.67% |
20.62% |
20.84% |
23.44% |
19.91% |
Return on Invested Capital (ROIC) |
|
10.99% |
11.21% |
11.08% |
11.17% |
10.38% |
4.65% |
6.12% |
8.72% |
5.34% |
4.81% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
10.99% |
11.21% |
11.08% |
11.17% |
10.38% |
4.65% |
6.12% |
8.72% |
5.34% |
4.81% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.32% |
2.88% |
2.96% |
4.13% |
4.66% |
2.80% |
3.98% |
6.98% |
4.24% |
4.33% |
Return on Equity (ROE) |
|
14.31% |
14.08% |
14.04% |
15.30% |
15.04% |
7.45% |
10.10% |
15.70% |
9.58% |
9.14% |
Cash Return on Invested Capital (CROIC) |
|
26.94% |
21.47% |
6.87% |
-14.50% |
-20.70% |
-45.35% |
-43.17% |
-35.11% |
-32.01% |
-2.35% |
Operating Return on Assets (OROA) |
|
1.67% |
1.72% |
1.76% |
1.93% |
1.87% |
0.91% |
1.42% |
2.24% |
1.46% |
1.37% |
Return on Assets (ROA) |
|
1.32% |
1.37% |
1.39% |
1.52% |
1.46% |
0.79% |
1.12% |
1.77% |
1.12% |
1.10% |
Return on Common Equity (ROCE) |
|
14.31% |
14.08% |
14.04% |
15.30% |
15.04% |
7.45% |
10.10% |
15.70% |
9.58% |
9.14% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.93% |
0.00% |
14.92% |
15.20% |
14.78% |
0.00% |
10.51% |
10.78% |
9.57% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
7.20 |
6.60 |
NOPAT Margin |
|
36.39% |
34.61% |
32.14% |
33.79% |
32.25% |
18.24% |
25.77% |
41.18% |
25.94% |
24.50% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
41.94% |
43.47% |
47.16% |
44.73% |
45.37% |
59.00% |
53.75% |
47.73% |
49.54% |
51.04% |
Operating Expenses to Revenue |
|
54.00% |
56.57% |
57.99% |
57.77% |
58.26% |
76.45% |
67.26% |
59.84% |
65.69% |
68.32% |
Earnings before Interest and Taxes (EBIT) |
|
13 |
13 |
11 |
12 |
12 |
4.75 |
8.60 |
14 |
9.41 |
8.16 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
14 |
15 |
13 |
13 |
12 |
5.75 |
9.78 |
15 |
11 |
9.33 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.04 |
1.28 |
1.04 |
1.06 |
1.02 |
1.32 |
1.13 |
1.07 |
1.22 |
1.11 |
Price to Tangible Book Value (P/TBV) |
|
1.36 |
1.65 |
1.31 |
1.34 |
1.30 |
1.63 |
1.39 |
1.31 |
1.47 |
1.34 |
Price to Revenue (P/Rev) |
|
2.45 |
2.99 |
2.37 |
2.39 |
2.30 |
3.42 |
3.02 |
2.97 |
3.59 |
3.12 |
Price to Earnings (P/E) |
|
8.06 |
8.80 |
6.95 |
6.99 |
6.93 |
11.54 |
10.76 |
9.93 |
12.72 |
10.61 |
Dividend Yield |
|
3.67% |
2.87% |
3.47% |
3.43% |
3.67% |
2.65% |
3.12% |
3.31% |
2.84% |
3.19% |
Earnings Yield |
|
12.40% |
11.36% |
14.40% |
14.31% |
14.44% |
8.67% |
9.30% |
10.07% |
7.86% |
9.43% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.68 |
0.68 |
0.83 |
0.86 |
1.04 |
0.97 |
0.89 |
1.01 |
0.98 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
1.99 |
2.03 |
2.82 |
3.09 |
5.17 |
5.11 |
5.07 |
5.85 |
5.18 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
4.11 |
4.27 |
5.85 |
6.61 |
12.57 |
13.10 |
12.27 |
14.63 |
12.44 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
4.66 |
4.72 |
6.52 |
7.33 |
13.85 |
14.48 |
13.46 |
16.44 |
13.90 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
5.86 |
5.96 |
8.23 |
9.29 |
17.41 |
18.21 |
16.92 |
20.72 |
17.64 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
5.34 |
4.84 |
6.81 |
8.41 |
13.59 |
14.69 |
14.40 |
14.25 |
14.12 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
3.00 |
10.21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.28 |
0.26 |
0.30 |
0.52 |
0.60 |
0.91 |
0.97 |
1.05 |
0.96 |
0.89 |
Long-Term Debt to Equity |
|
0.10 |
0.09 |
0.18 |
0.32 |
0.47 |
0.70 |
0.91 |
0.88 |
0.83 |
0.84 |
Financial Leverage |
|
0.30 |
0.26 |
0.27 |
0.37 |
0.45 |
0.60 |
0.65 |
0.80 |
0.79 |
0.90 |
Leverage Ratio |
|
10.85 |
10.27 |
10.08 |
10.04 |
10.33 |
9.46 |
9.01 |
8.85 |
8.55 |
8.29 |
Compound Leverage Factor |
|
10.85 |
10.27 |
10.08 |
10.04 |
10.33 |
9.46 |
8.93 |
8.85 |
8.55 |
8.36 |
Debt to Total Capital |
|
22.04% |
20.44% |
22.97% |
34.05% |
37.50% |
47.61% |
49.34% |
51.26% |
48.86% |
47.20% |
Short-Term Debt to Total Capital |
|
13.97% |
13.62% |
9.12% |
13.26% |
8.09% |
10.74% |
3.13% |
8.25% |
6.30% |
2.76% |
Long-Term Debt to Total Capital |
|
8.07% |
6.82% |
13.85% |
20.78% |
29.41% |
36.87% |
46.21% |
43.01% |
42.56% |
44.45% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
77.96% |
79.56% |
77.03% |
65.95% |
62.50% |
52.39% |
50.66% |
48.74% |
51.14% |
52.80% |
Debt to EBITDA |
|
1.55 |
1.24 |
1.43 |
2.41 |
2.89 |
5.74 |
6.66 |
7.08 |
7.05 |
6.01 |
Net Debt to EBITDA |
|
-6.87 |
-2.07 |
-0.71 |
0.89 |
1.68 |
4.24 |
5.36 |
5.07 |
5.65 |
4.96 |
Long-Term Debt to EBITDA |
|
0.57 |
0.41 |
0.86 |
1.47 |
2.26 |
4.45 |
6.24 |
5.94 |
6.14 |
5.65 |
Debt to NOPAT |
|
2.19 |
1.76 |
2.00 |
3.40 |
4.06 |
7.96 |
9.26 |
9.76 |
9.99 |
8.51 |
Net Debt to NOPAT |
|
-9.70 |
-2.94 |
-0.99 |
1.25 |
2.36 |
5.88 |
7.46 |
6.99 |
8.01 |
7.03 |
Long-Term Debt to NOPAT |
|
0.80 |
0.59 |
1.20 |
2.07 |
3.18 |
6.16 |
8.67 |
8.19 |
8.70 |
8.02 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
68 |
44 |
-6.88 |
-80 |
-102 |
-218 |
-214 |
-193 |
-184 |
-38 |
Operating Cash Flow to CapEx |
|
2,687.04% |
1,607.93% |
25,722.41% |
19,904.17% |
11,055.88% |
866.30% |
13,869.23% |
3,381.88% |
6,104.50% |
1,529.76% |
Free Cash Flow to Firm to Interest Expense |
|
79.36 |
52.27 |
-8.41 |
-65.09 |
-40.95 |
-57.38 |
-39.70 |
-32.61 |
-29.15 |
-6.09 |
Operating Cash Flow to Interest Expense |
|
15.15 |
11.50 |
18.26 |
7.81 |
3.02 |
2.27 |
2.01 |
1.64 |
2.15 |
0.91 |
Operating Cash Flow Less CapEx to Interest Expense |
|
14.59 |
10.78 |
18.19 |
7.77 |
2.99 |
2.01 |
2.00 |
1.60 |
2.12 |
0.85 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
Fixed Asset Turnover |
|
3.36 |
3.63 |
3.90 |
4.02 |
4.31 |
4.00 |
4.00 |
4.01 |
4.05 |
4.19 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
298 |
308 |
332 |
390 |
409 |
530 |
553 |
594 |
600 |
574 |
Invested Capital Turnover |
|
0.30 |
0.32 |
0.34 |
0.33 |
0.32 |
0.25 |
0.24 |
0.21 |
0.21 |
0.20 |
Increase / (Decrease) in Invested Capital |
|
-58 |
-34 |
16 |
89 |
111 |
222 |
220 |
204 |
191 |
45 |
Enterprise Value (EV) |
|
-50 |
209 |
227 |
322 |
351 |
552 |
536 |
528 |
608 |
562 |
Market Capitalization |
|
241 |
315 |
265 |
273 |
262 |
366 |
317 |
310 |
373 |
338 |
Book Value per Share |
|
$27.25 |
$28.79 |
$30.05 |
$30.16 |
$29.85 |
$32.61 |
$32.91 |
$33.88 |
$35.90 |
$35.48 |
Tangible Book Value per Share |
|
$20.81 |
$22.39 |
$23.69 |
$23.85 |
$23.59 |
$26.35 |
$26.69 |
$27.72 |
$29.77 |
$29.39 |
Total Capital |
|
298 |
308 |
332 |
390 |
409 |
530 |
553 |
594 |
600 |
574 |
Total Debt |
|
66 |
63 |
76 |
133 |
153 |
252 |
273 |
304 |
293 |
271 |
Total Long-Term Debt |
|
24 |
21 |
46 |
81 |
120 |
195 |
255 |
255 |
255 |
255 |
Net Debt |
|
-291 |
-105 |
-38 |
49 |
89 |
186 |
219 |
218 |
235 |
224 |
Capital Expenditures (CapEx) |
|
0.49 |
0.61 |
0.06 |
0.05 |
0.07 |
0.99 |
0.08 |
0.29 |
0.22 |
0.37 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
66 |
63 |
76 |
133 |
153 |
252 |
273 |
304 |
293 |
271 |
Total Depreciation and Amortization (D&A) |
|
0.80 |
2.18 |
1.33 |
1.34 |
0.38 |
1.00 |
1.18 |
1.21 |
1.18 |
1.17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.20 |
$1.20 |
$1.06 |
$1.12 |
$1.06 |
$0.48 |
$0.80 |
$1.32 |
$0.85 |
$0.78 |
Adjusted Weighted Average Basic Shares Outstanding |
|
8.51M |
8.62M |
8.52M |
8.56M |
8.51M |
8.51M |
8.54M |
8.55M |
8.51M |
8.50M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$1.20 |
$1.06 |
$1.12 |
$1.06 |
$0.47 |
$0.80 |
$1.32 |
$0.84 |
$0.77 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
8.51M |
8.62M |
8.52M |
8.56M |
8.51M |
8.54M |
8.54M |
8.55M |
8.55M |
8.54M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
8.51M |
8.51M |
8.52M |
8.56M |
8.51M |
8.51M |
8.54M |
8.55M |
8.55M |
10.54M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
10 |
10 |
9.02 |
9.52 |
9.04 |
4.10 |
6.77 |
11 |
8.07 |
6.60 |
Normalized NOPAT Margin |
|
36.39% |
34.61% |
32.14% |
33.79% |
32.25% |
18.24% |
25.77% |
41.18% |
29.07% |
24.50% |
Pre Tax Income Margin |
|
46.00% |
43.43% |
40.68% |
42.77% |
41.46% |
21.13% |
32.47% |
52.02% |
33.88% |
30.59% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
15.14 |
15.13 |
13.98 |
9.86 |
4.67 |
1.25 |
1.60 |
2.41 |
1.49 |
1.30 |
NOPAT to Interest Expense |
|
11.98 |
12.06 |
11.04 |
7.79 |
3.63 |
1.08 |
1.26 |
1.91 |
1.14 |
1.05 |
EBIT Less CapEx to Interest Expense |
|
14.57 |
14.41 |
13.91 |
9.82 |
4.64 |
0.99 |
1.58 |
2.36 |
1.46 |
1.24 |
NOPAT Less CapEx to Interest Expense |
|
11.41 |
11.34 |
10.97 |
7.75 |
3.61 |
0.82 |
1.24 |
1.86 |
1.11 |
0.99 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
29.93% |
25.50% |
24.21% |
23.98% |
25.24% |
30.62% |
33.52% |
32.69% |
35.90% |
33.64% |
Augmented Payout Ratio |
|
55.81% |
44.19% |
41.79% |
33.72% |
29.41% |
37.01% |
40.80% |
39.57% |
38.29% |
34.42% |
Key Financial Trends
ACNB Corp has shown steady financial performance with some positive trends and a few areas to monitor based on the data from Q3 2022 through Q4 2024.
Positive aspects include:
- Net interest income has generally increased over the years, reaching $21.1 million in Q4 2024, up from $21.7 million in Q3 2023 and showing growth compared to 2022 levels.
- Non-interest income rebounded strongly in recent quarters; Q3 2024 recorded $6.8 million, significantly higher than Q4 2023’s $970,000, indicating diversification of revenue streams.
- The company’s net income has improved quarter-over-quarter in 2024, with Q4 2024 net income at $6.6 million compared to $4.1 million in Q4 2023.
- Earnings per share (EPS) remained stable and showed some growth, with diluted EPS at $0.77 in Q4 2024 compared to $0.47 in Q4 2023, reflecting profitability improvement.
- ACNB maintained solid cash flow from operating activities, generating $5.7 million in Q4 2024, showing operational strength.
- The loans and leases portfolio steadily increased, reaching approximately $1.68 billion in Q3 2024, indicating business growth.
- Capital and equity position strengthened over time, with total common equity growing from around $232 million in Q3 2022 to over $306 million by Q3 2024.
- The provision for credit losses remained low or even negative in some recent quarters, reflecting good asset quality and credit conditions.
Neutral points to consider:
- Interest expense rose in recent quarters, with $6.3 million in Q4 2024 compared to $3.8 million in Q4 2023, largely due to increased long-term debt interest, which may impact net interest margins.
- The company repurchased common equity and issued equity occasionally, impacting share count but signaling management's capital allocation strategies.
- Dividend payments have been consistent (~$0.30 per share per quarter), demonstrating commitment to shareholders but also an outflow of cash.
Areas of concern or negative trends:
- The net realized and unrealized capital gains on investments have been volatile, with large negative impacts in Q4 2023 (-$4.46 million) and smaller losses in Q4 2024, which can affect the bottom line unpredictably.
- Significant swings in cash flows from financing activities, with large repayments and issuance of debt, reflect volatility in the company’s capital structure and liquidity management that investors should watch.
- Operating expenses remain high and have fluctuated, with over $18 million in non-interest expense in Q4 2024, which could pressure profitability if revenue growth slows.
- Accumulated other comprehensive income (AOCI) remains negative and has increased in magnitude, reflecting unrealized losses that could weigh on equity value.
Overall, ACNB exhibits solid income growth and profitability with a rising loan portfolio and equity base, but investors should be aware of investment portfolio volatility and the ongoing management of interest expenses and operating costs. Consistent dividends and positive operating cash flow are strong supports for the company's financial health.
10/14/25 04:28 AM ETAI Generated. May Contain Errors.