Investment Thesis
ACNB demonstrates solid fundamental growth with revenue up 17.5% YoY and net income up 16.3% YoY, supported by strong free cash flow generation at 27.4% FCF margin. However, the 8.8% ROE and critically low 1.2x interest coverage ratio signal moderate profitability and elevated financial leverage concerns that warrant monitoring.
ACNB Strengths
- Strong revenue growth of 17.5% YoY demonstrating solid business expansion
- Excellent free cash flow generation at 52.6M (27.4% FCF margin) indicating quality earnings
- Conservative debt-to-equity ratio of 0.61x showing reasonable leverage for a bank
- Operating margin of 24.2% reflects effective cost management
ACNB Risks
- Critically low interest coverage ratio of 1.2x suggests limited ability to service debt obligations from operating income
- Modest ROE of 8.8% and ROA of 1.1% indicate below-average returns on shareholder capital and assets
- Diluted EPS declined 3.5% YoY despite net income growth, suggesting equity dilution from share issuance
- High insider trading activity (32 Form 4 filings in 90 days) may indicate executive portfolio adjustments
Key Metrics to Watch
- Interest coverage ratio trend - must improve above 1.5x for sustainable debt service
- Return on equity progression - target 10%+ for competitive performance in banking sector
- Net interest margin and loan yield trends driving revenue growth sustainability
- Non-performing asset ratio and credit quality metrics
- Capital adequacy ratios and regulatory compliance
ACNB Financial Metrics
ACNB Profitability Ratios
ACNB Balance Sheet & Liquidity
ACNB 5-Year Financial Trend
5-Year Trend Summary: ACNB CORP's revenue has grown significantly by 45% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.71 reflects profitable operations.
ACNB Growth Metrics (YoY)
ACNB Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $34.1M | -$272.0K | $0.84 |
| Q2 2025 | $33.3M | -$272.0K | $1.11 |
| Q1 2025 | $31.6M | -$272.0K | $-0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ACNB Capital Allocation
ACNB SEC Filings
Access official SEC EDGAR filings for ACNB CORP (CIK: 0000715579)