ACNB Corp. reports Q1 EPS with items (3c) vs. 80c last year

The results were impacted by two items that were related to the acquisition of Traditions Bancorp: a provision for credit losses on non- purchase credit deteriorated loans of $4.2M net of taxes, and merger-related expenses, net of taxes, totaling $6.2M. ACNB reports tangible common equity to tangible assets ratio of 9.33% at March 31, compared to 10.72% at December 31, 2024. The company’s tangible book value per share was $28.23, $29.51 and $26.70 at March 31, December 31, 2024 and March 31, 2024, respectively. The bank, said, “We are cautiously optimistic for the remainder of 2025 in spite of the uncertain economic headwinds as a result of ongoing tariff turmoil. We are not only focused on the challenges, but also the exciting opportunities that lie ahead and are fully committed to the continued growth and profitability of ACNB Corporation and to enhancing long term shareholder value.”