ACNB : 2025 ACNB Corporate Investor Presentation

Published: 2025-05-30 09:49:14 ET ACNB

Published on 05/30/2025 at 09:49

A C N B

C O R P O R A T I O N

Investor Presentation

Second Quarter of 2025 Nasdaq: ACNB investor.acnb.com

Corporate Profile

Ticker

Nasdaq: ACNB

Total assets

$3.3B

Total loans

$2.3B

Market capitalization

$443M

Float

~96%

Average daily volume (3-mo)

~35K

Common shares outstanding

10.47M

Institutional ownership

~36%

Insider ownership

~4%

Price/EPS (NTM)

9.44x

Price/Book Value Per Share

1.15x

Price/Tangible Book Value Per Share*

1.50x

Dividend Yield

3.22%

Share Price - 5/27/2025

$42.27

52-week high

$50.72

52-week low

$30.24

ROAA (MRQ)

1.36%

ROAE (MRQ)

11.23%

FTE NIM (MRQ)

4.07%

Mid-Atlantic commercial bank holding company for ACNB Bank and ACNB Insurance Services, which serve businesses and communities in Pennsylvania and Maryland, including those in the Gettysburg region, its surrounding counties, and the Greater Baltimore area.

3 | Investor Presentation

Market-pricing data (Source: S&P Capital IQ Pro) is as of the date provided on p. 2. Ownership data (Source: S&P Capital IQ Pro) is most recent available; MRQ financial data.

*Non-GAAP financial measure ; Refer to the calculation on the pages titled "Reconciliation of Non-GAAP Measures" at the end of this presentation.

Source: Company data from public filings and internal sources.

Investment Highlights

Experienced Management Team

Proven management team with many years of experience

Approximately 300 years of combined experience

Commercially Focused Loan Portfolio

Commercial loans/total loans* ratio of approximately 68%

Average commercial loan yield of 6.05%*

Attractive PA and MD growth markets

Stable and Low-Cost Deposit Base

165+ year-old bank with loyal customer base and leading market share in its core PA markets

Strong presence in affluent and dynamic MD markets

1.38% cost of interest bearing deposits

Non-interest bearing demand deposits are approximately 22% of the deposit portfolio

Commitment to Noninterest Income to Diversify Revenue

~20.3% noninterest income to revenues†† driven by insurance services, mortgage and wealth management

~$731 million in assets under management or administration in wealth management

Focus on Expense Management to Create Efficiencies and Support Investments into Improving Customer Experience

~18% reduction in net branch count from year-end 2020 to year-end 2024

Added 8 branches with Traditions Bancorp, Inc. ("Traditions") acquisition; closed two branches in April 2025

Undertaking enterprise modernization and digital transformation

Strong Profitability in Tough Operating Environment

1.36% core return on average assets ("ROAA") †† and 11.23% core return on average equity ("ROAE") ††

Actively Managing Strong Capital Position

Strong capital position provides flexibility to return capital to shareholders and fund prudent growth of the bank

9.33% tangible common equity/tangible assets†† and regulatory ratios well above internal minimums

Closed strategic acquisition of Traditions in the first quarter of 2025

Stable Asset Quality

0.43% NPLs/loans

0.01% NCOs/avg. loans

1.06% allowance/loans and 245% allowance/NPLs

Attractive Entry Point for ACNB Stock

Price to tangible book value per share†† of 150%

Dividend yield** of 3.22%

4 | Investor Presentation

* C&I, CRE, multifamily, farm and construction and development loans as percentage of total loans. Yield is on a fully taxable equivalent.

†† Non-GAAP financial measure ; Refer to the calculation on the pages titled "Reconciliation of Non-GAAP Measures" at the end of this presentation.

** The Corporation's common stock dividend declared in 2Q25, annualized, as a percentage of ACNB Corporation's closing share as of date provided on p. 2. Financial data as of or for the three months ending 3/31/25; Market-pricing data (Source: S&P Capital IQ Pro) is as of the date provided on p. 2.

Source: Company data from public filings and internal sources.

Experienced Management Team

36 years

In financial services

17 years

At ACNB

27 years

In financial services

3 years

At ACNB

23 years

In financial services

20 years

At ACNB

President & Chief Executive Officer

EVP, Treasurer & Chief Financial Officer

EVP, Chief Credit Officer

33 years

In financial services

2 years

At ACNB

35 years

In financial services

2 years

At ACNB

22 years

In financial services

2 years

At ACNB

EVP, Chief Strategy Officer

EVP, Maryland Market President

SVP, Chief Risk Officer

43 years

In financial services

17 years

At ACNB

26 years

In human resources

5 years

At ACNB

13 years

In legal services

9 years

At ACNB

40 years

In financial services

5 years

At ACNB/Traditions

EVP, Chief Lending Officer

5 | Investor Presentation

SVP, Human Resources Manager

SVP, General Counsel, Secretary and

Chief Governance Officer

President, Traditions Bank , A Division of

ACNB Bank

Disclaimer

ACNB Corporation published this content on May 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 30, 2025 at 13:48 UTC.