ACNB (ACNB) AI Stock Analysis

• Market Cap: $481.23M
• Dividend Yield: 2.78%
• Average Volume (3M): 20.18K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.86
• Revenue Growth: 41.95%
• EPS Growth: -4.72%
• Country: US
• Employees: 391
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.35
• Shares Outstanding: 10,353,502
• 10 Day Avg. Volume: 22,248
• 30 Day Avg. Volume: 20,179
• PEG Ratio: -3.59
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 2.91
• P/FCF Ratio: 9.44
• Enterprise Value/Market Cap: 1.64
• Enterprise Value/Revenue: 4.15
• Enterprise Value/Gross Profit: 5.43
• Enterprise Value/Ebitda: 15.38
• 1Y Price Target: $57.00
• Price Target Upside: 22.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 5.12
• Revenue Forecast (FY): $163.12M

• Rating: 62 Neutral
• Price Target: $49.00 ▲(5.42% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is driven primarily by fundamentally sound financial performance (solid profitability and cash generation, tempered by recent revenue softness and elevated leverage). Technicals are the main drag due to weak momentum and trading below key moving averages, while valuation and recent positive corporate actions (dividend increase and capital-structure optimization) provide support.

Positive Factors

Strong operating cash generation

Consistent positive operating and free cash flow, with a marked step-up in 2025, supports durable internal funding for dividends, loan originations, and subordinated note redemptions. Persistent cash generation reduces reliance on external funding and underpins long-term balance-sheet flexibility.

Proactive capital management and shareholder return

The combination of an 18.7% dividend increase and issuance of Tier 2-qualifying subordinated notes demonstrates deliberate capital planning. Strengthened regulatory capital and a rising payout signal the bank can sustain distributions while optimizing funding mix, supporting long-term credibility with regulators and investors.

Respectable ROE and asset growth

Sustained ROE in the mid-single to low-double digits and steady asset expansion indicate the franchise converts capital into earnings. This durable earnings power provides a foundation for reinvestment in branches and digital channels and supports long-term lending capacity in local markets.

Negative Factors

Elevated leverage versus prior years

The material rise in leverage since 2021 tightens regulatory and funding flexibility and increases sensitivity to interest costs and credit shocks. Even with some improvement in 2025, the higher debt-to-equity profile raises structural funding and capital risk for sustained balance-sheet growth.

Recent revenue decline and margin pressure

A rollover to declining revenue and compressed margins after prior peak years weakens the bank's ability to expand reserves and maintain payout ratios. If the trend persists, it can pressure long-term earnings power and constrain reinvestment or balance-sheet expansion.

Data/visibility gap in 2025 cash-flow reporting

A reporting gap reduces confidence in translating 2025 reported profits into reliable cash-flow forecasts. Lower visibility complicates capital planning and makes it harder to assess sustainable free cash flow for dividends, subordinated note servicing, and loan growth over the coming quarters.

ACNB Business Overview & Revenue Model

Company Description

ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States. The company offers checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also provides commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans. In addition, the company provides other services that are related to testamentary trusts, life insurance trusts, charitable remainder trusts, guardianships, powers of attorney, custodial accounts, and investment management and advisory accounts; and retail brokerage services. Further, it acts as a trustee to invest in, protect, manage, and distribute financial assets. Additionally, the company offers property and casualty, health, life, and disability insurance products to commercial and individual clients; and online, telephone, and mobile banking, as well as automated teller machine services. As of December 31, 2021, it operated through a network of 19 community banking offices located in Pennsylvania, including 12 offices in Adams county, five offices in York county, one office in Cumberland County, and one office in Franklin County; five community banking offices located in Frederick County; six community banking offices located in Carroll county, Maryland; and loan offices located in Lancaster and York, Pennsylvania, and Hunt Valley, Maryland. The company was founded in 1857 and is headquartered in Gettysburg, Pennsylvania.

How the Company Makes Money

ACNB primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and other interest-earning assets and the interest paid on deposits and other funding sources. Key drivers include loan volumes and mix (e.g., commercial, real estate, and consumer lending), yields on earning assets, the cost of deposits (including the mix between noninterest-bearing and interest-bearing accounts), and overall interest-rate conditions. Noninterest income is generated from banking-related fees and service charges, which commonly include deposit account service charges, interchange/card-related fees, and other customer service fees; ACNB may also earn income from mortgage banking or other ancillary financial services, but specific line-item contributions are null without company financial statement detail. Additional factors influencing earnings include credit quality (loan loss provisions can reduce earnings), operating efficiency (noninterest expense relative to revenue), and regulatory capital and liquidity requirements that affect balance-sheet growth and funding strategy.

ACNB Financial Statement Overview

Summary

Underlying profitability and cash generation are solid, but the latest period shows revenue decline and some margin softening, while leverage remains higher than earlier years despite some improvement.

Income Statement

Profitability is solid for a regional bank, with consistently healthy net margins (~17%–33%) and strong operating profitability across the period. Revenue growth was positive in most years (notably 2024), but the latest year (2025) shows a revenue decline (-4.18%) and some margin compression versus the exceptionally strong 2022–2023 levels—suggesting the earnings profile is good, but momentum has softened recently.

Balance Sheet

Returns on equity are respectable (roughly ~7%–15%), indicating the balance sheet is generating earnings, but leverage has increased meaningfully. Debt-to-equity moved from a low ~0.27 (2021–2022) to ~0.90 (2023–2024) before improving to ~0.78 in 2025—still elevated versus earlier years. Total assets expanded over time, but the higher leverage trend is the key balance-sheet risk factor.

Cash Flow

Operating cash flow and free cash flow are consistently positive, with a strong step-up in 2025 and solid free-cash-flow growth that year (~16%). Cash conversion versus net income looked strong in 2020–2024 (free cash flow roughly in line with earnings), but 2025 shows reported cash-flow-to-earnings fields at 0.0, which creates a data-quality/visibility gap for the most recent period despite higher absolute cash generation.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	170.38M	132.19M	114.75M	108.44M	100.94M
Gross Profit	125.53M	111.10M	105.58M	104.81M	93.97M
EBITDA	46.45M	43.45M	43.21M	48.75M	38.46M
Net Income	37.05M	31.85M	31.69M	35.75M	27.83M
Balance Sheet
Total Assets	3.23B	2.39B	2.42B	2.53B	2.79B
Cash, Cash Equivalents and Short-Term Investments	20.61M	64.85M	517.65M	721.72M	1.15B
Total Debt	329.02M	273.92M	254.79M	66.12M	73.17M
Total Liabilities	2.81B	2.09B	2.14B	2.28B	2.51B
Stockholders Equity	419.97M	303.27M	277.46M	245.04M	272.11M
Cash Flow
Free Cash Flow	52.57M	38.82M	39.43M	37.39M	40.55M
Operating Cash Flow	53.64M	39.78M	40.60M	39.20M	42.13M
Investing Cash Flow	64.65M	2.43M	15.44M	-331.72M	60.52M
Financing Cash Flow	0.00	-60.91M	-158.24M	-249.45M	208.13M

ACNB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 46.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACNB, the sentiment is Negative. The current price of 46.48 is below the 20-day moving average (MA) of 49.60, below the 50-day MA of 49.58, and above the 200-day MA of 45.58, indicating a neutral trend. The MACD of -1.00 indicates Positive momentum. The RSI at 32.91 is Neutral, neither overbought nor oversold. The STOCH value of 15.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACNB.

ACNB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSVN	78 Outperform	$375.02M	8.99	19.46%	2.40%	-6.72%	19.64%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AROW	66 Neutral	$536.30M	9.18	8.49%	3.59%	6.86%	6.11%
BWB	63 Neutral	$475.24M	10.41	8.63%	―	13.96%	25.74%
ACNB	62 Neutral	$481.23M	13.39	9.18%	2.78%	41.95%	-4.72%
FFIC	53 Neutral	$506.90M	27.71	2.67%	5.16%	-11.91%	-235.73%
FFWM	49 Neutral	$462.49M	-15.87	-15.74%	―	-6.47%	-75.82%

ACNB Corporate Events

ACNB Issues Subordinated Notes to Strengthen Capital Structure

On March 12, 2026, ACNB Corporation privately placed $15 million of 5.875% fixed-to-floating rate subordinated notes due March 15, 2036, with institutional accredited investors and qualified institutional buyers at par. The unsecured notes, which rank junior to senior indebtedness, are structured to qualify as Tier 2 capital at the holding company level and feature a fixed rate until March 15, 2031, then a SOFR-based floating rate plus 245 basis points.

The net proceeds are earmarked for general corporate purposes, including the potential redemption of outstanding 4.00% fixed-to-floating subordinated notes due March 31, 2031, which could optimize ACNB’s capital structure and funding costs. The notes cannot generally be redeemed before March 15, 2031, and interest will be paid semi-annually during the fixed period and quarterly during the floating period, shaping the company’s long-term capital and liability profile.

The most recent analyst rating on (ACNB) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.

ACNB Redeems 4% Subordinated Notes to Optimize Capital

On February 27, 2026, ACNB Corporation announced it would redeem on March 31, 2026 all of its outstanding 4.00% fixed-to-floating rate subordinated notes due March 31, 2031, totaling $15 million in principal. The notes will be redeemed at 100% of principal plus accrued and unpaid interest, reflecting a proactive step in managing the company’s liabilities and capital structure.

ACNB plans to fund the redemption using excess cash on hand, with the option to issue new fixed-to-floating subordinated notes in an equal principal amount. This approach indicates the company is optimizing its funding mix while maintaining access to subordinated debt markets, which may affect its interest costs and the risk-return profile for noteholders and other stakeholders.

The most recent analyst rating on (ACNB) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.

ACNB Enhances Executive Change-in-Control Protections and Benefits

On February 19, 2026, ACNB Corporation and its subsidiary ACNB Bank amended employment agreements for Chief Financial Officer Jason H. Weber and Chief Strategy Officer Brett D. Fulk to enhance change-in-control protections. The changes increase potential cash severance from 2.0 to 2.99 times agreed compensation, extend continuation of health and welfare benefits for up to two years, and lengthen post-termination non-solicitation restrictions from six months to two years.

Fulk’s agreement was further revised to add a limited gross-up to offset potential excise taxes under federal parachute payment rules and to remove a prior provision that reduced change-in-control payments. The amendments signal a move to more robust executive retention and protection structures around potential change-in-control scenarios, while tightening post-employment restrictions that help ACNB safeguard its customer relationships and strategic interests.

The most recent analyst rating on (ACNB) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.

ACNB Increases Quarterly Dividend, Highlighting Stronger Capital Position

On January 27, 2026, ACNB Corporation’s board of directors approved and declared a regular quarterly cash dividend of $0.38 per share for the first quarter of 2026, payable on March 13, 2026, to shareholders of record as of February 27, 2026. The dividend, announced publicly on January 29, 2026, represents an 18.7% increase, or $0.06 per share, over the $0.32 dividend paid in the first quarter of the prior year, signaling a strengthened capital position and a continued commitment to returning cash to shareholders, which may enhance the company’s appeal to income-focused investors in the regional financial services sector.

The most recent analyst rating on (ACNB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.