ACNB Corporation Announces Increased Dividends, Special Dividend, and New Share Repurchase Program

Gettysburg, PA, April 29, 2026 – ACNB Corporation (NASDAQ: ACNB), the financial holding company for ACNB Bank and ACNB Insurance Services, Inc., has announced a significant update to its capital allocation strategy. The Board of Directors has approved several actions that are likely to be highly relevant to shareholders and could have a material impact on the company’s share value.

Key Actions Announced

• Regular Quarterly Dividend Increase:
  • The Board declared a regular quarterly cash dividend of \$0.42 per share of ACNB Corporation common stock.
  • This dividend is payable on June 15, 2026 to shareholders of record as of June 1, 2026.
  • The new dividend represents a 10.5% increase over the \$0.38 per share paid in Q1 2026, and a 23.5% increase over the \$0.34 per share paid in Q2 2025.
• One-Time Special Cash Dividend:
  • The Board also declared a special cash dividend of \$0.50 per share of ACNB Corporation common stock.
  • This special dividend is also payable on June 15, 2026 to shareholders of record on June 1, 2026.
  • This is a reward to shareholders for exceptional financial performance and surplus capital generated from strong earnings.
• New Share Repurchase Authorization:
  • ACNB Corporation has fully completed its previous share repurchase program authorized in June 2025.
  • The Board has now approved a new plan to repurchase, in open-market transactions, up to 310,000 shares (approximately 3.0% of the outstanding shares) of ACNB common stock.
  • This new repurchase program supersedes any prior repurchase plans.
  • The amount and timing of repurchases will be at management’s discretion and will depend on factors such as market conditions, ACNB’s capital position, and other relevant factors.

Management Commentary

James P. Helt, Chief Executive Officer of ACNB Corporation, stated:
“These actions reflect the Board’s confidence in our solid balance sheet, strong operating performance, and the long-term growth prospects of our business. By simultaneously raising our quarterly dividend, declaring a special cash dividend, and initiating a new share repurchase program, we are demonstrating our commitment to driving superior value for our shareholders while maintaining the flexibility to invest in our strategic priorities. The declaration of a special dividend underscores a period of exceptional financial performance, and we are pleased that we can reward our shareholders with the surplus capital generated from our strong earnings.”

Implications for Shareholders

• Dividend increases are typically viewed positively by the market, signaling confidence in future earnings and cash flow.
• Special dividends provide immediate return on investment and often reflect excess cash—this could attract new investors looking for yield.
• Share repurchase programs can support and potentially increase share price by reducing the number of outstanding shares, thereby improving earnings per share and shareholder value.
• Completion of prior repurchase program and immediate launch of a new one signals ongoing commitment to returning capital to shareholders and maintaining a balanced capital structure.

Forward-Looking Statements and Risks

The press release includes a caution regarding forward-looking statements, highlighting that actual results may differ due to factors such as economic conditions (national, regional, local), regulatory changes, interest rate fluctuations, competitive factors, and risks associated with acquisitions, technology, and cybersecurity. Shareholders are encouraged to review risk factors in the company’s SEC filings, including annual and quarterly reports.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information summarized here is based on public filings and press releases by ACNB Corporation. Investors should review all official documents and consult with professional advisors before making any investment decisions. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described. The company does not undertake to update these statements based on future events or circumstances.