A Business at a Glance
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ACNB CORP
ACNB
$639M
Mkt Cap
$62.10
-1.21%
ACNB CORP (ACNB) has a current P/E ratio of 18.6, compared to its historical median P/E of 10.6. The stock is currently considered Expensive based on its historical valuation range.
ACNB CORP (ACNB) has a 5-year average return on invested capital (ROIC) of 8.1%. This is below average and may indicate limited pricing power.
ACNB CORP (ACNB) has a market capitalization of $642M. It is classified as a small-cap stock.
Yes, ACNB CORP (ACNB) pays a dividend with a trailing twelve-month yield of 2.33%. The company also returns capital through share buybacks, with a buyback yield of 1.81%.
Based on historical P/E analysis, ACNB CORP (ACNB) appears expensive. The current P/E of 18.6 is 76% above its historical median of 10.6. The estimated fair value CAGR (P/E method) is 6.1%.
ACNB CORP (ACNB) operates in the State Commercial Banks industry, within the Financials sector.
ACNB CORP (ACNB) reported annual revenue of $192 million in its most recent fiscal year, based on SEC EDGAR filings.
Table of Contents ITEM 1 — BUSINESS ACNB CORPORATION ACNB Corporation, headquartered in Gettysburg, Pennsylvania, is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, Pennsylvania, and ACNB Insurance Services, Westminster, Maryland. Originally founded in 1857, ACNB Bank serves its marketplace with banking, mortgage and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Berks, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, the Corporation’s insurance subsidiary, is a full-service agency licensed to do business in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Maryland, and Gettysburg, Pennsylvania.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 199M | 192M | 132M | 115M | 109M | 101M |
| Net Income | 51M | 37M | 32M | 32M | 36M | 28M |
| EPS | $4.91 | $3.60 | $3.73 | $3.71 | $4.15 | $3.19 |
| Free Cash Flow | 77M | 53M | 39M | 39M | 37M | 41M |
| ROIC | 8.0% | 6.0% | 6.2% | 6.7% | 12.5% | 9.0% |
| Gross Margin | - | 78.8% | 81.7% | 92.0% | 96.7% | 93.1% |
| Debt/Equity | 0.66 | 0.76 | 0.89 | 0.91 | 0.26 | 0.26 |
| Dividends/Share | $1.44 | $1.38 | $1.26 | $1.14 | $1.06 | $1.03 |
| Operating Income | 1.7M | 46M | 40M | 40M | 45M | 35M |
| Operating Margin | 0.9% | 24.2% | 30.6% | 34.6% | 41.3% | 34.7% |
| ROE | 12.0% | 10.2% | 11.0% | 11.4% | 13.8% | 10.5% |
| Shares Outstanding | 10M | 10M | 9M | 9M | 9M | 9M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 49M | 52M | 54M | 66M | 80M | 88M | 105M | 101M | 109M | 115M | 132M | 192M | 199M |
| Gross Margin | 92.3% | 92.6% | 92.7% | 91.8% | 88.8% | 87.8% | 79.7% | 93.1% | 96.7% | 92.0% | 81.7% | 78.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 20M | 21M | 22M | 25M | 27M | 29M | 35M | 37M | 36M | 41M | 43M | 53M | 54M |
| EBIT | 818K | 1.1M | 1.3M | 1.3M | 1.4M | 29M | 1.4M | 35M | 45M | 40M | 40M | 46M | 1.7M |
| Op. Margin | 1.7% | 2.0% | 2.3% | 2.0% | 1.7% | 33.5% | 1.3% | 34.7% | 41.3% | 34.6% | 30.6% | 24.2% | 0.9% |
| Net Income | 10M | 11M | 11M | 9.8M | 22M | 24M | 18M | 28M | 36M | 32M | 32M | 37M | 51M |
| Net Margin | 20.8% | 21.2% | 20.2% | 14.8% | 27.0% | 27.0% | 17.5% | 27.6% | 32.8% | 27.5% | 24.1% | 19.3% | 25.7% |
| Non-Recurring | 0 | 0 | 449K | 0 | 0 | 0 | 0 | -26K | -41K | 337K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.4% | 5.8% | 5.6% | 4.4% | 8.7% | 9.3% | 6.5% | 9.0% | 12.5% | 6.7% | 6.2% | 6.0% | 8.0% |
| ROE | 9.5% | 9.8% | 9.3% | 7.1% | 13.5% | 13.3% | 8.2% | 10.5% | 13.8% | 11.4% | 11.0% | 10.2% | 12.0% |
| ROA | 1.0% | 1.0% | 0.9% | 0.7% | 1.3% | 1.4% | 0.9% | 1.0% | 1.3% | 1.3% | 1.3% | 1.3% | 1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 11M | 14M | 12M | 17M | 30M | 26M | 25M | 42M | 39M | 41M | 40M | 54M | 78M |
| Free Cash Flow | 7.7M | 13M | 9.8M | 15M | 28M | 24M | 24M | 41M | 37M | 39M | 39M | 53M | 77M |
| Owner Earnings | 8.8M | 13M | 10M | 15M | 27M | 23M | 21M | 38M | 35M | 37M | 35M | 45M | 69M |
| CapEx | 3.1M | 1.7M | 2.3M | 1.8M | 1.7M | 1.4M | 1.0M | 1.6M | 1.8M | 1.2M | 960K | 1.1M | 751K |
| Maint. CapEx | 2.1M | 1.8M | 1.8M | 2.3M | 2.9M | 2.7M | 3.7M | 3.4M | 3.8M | 3.4M | 3.0M | 6.7M | 7.0M |
| Growth CapEx | 1.1M | 0 | 544K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.1M | 1.8M | 1.8M | 2.3M | 2.9M | 2.7M | 3.7M | 3.4M | 3.8M | 3.4M | 3.0M | 6.7M | 7.0M |
| CapEx/OCF | 29.1% | 12.1% | 19.3% | 10.3% | 5.9% | 5.5% | 4.1% | 3.7% | 4.6% | 2.9% | N/A | N/A | 1.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.6M | 4.8M | 4.8M | 5.2M | 6.3M | 6.9M | 8.7M | 9.0M | 9.1M | 9.7M | 11M | 14M | 15M |
| Dividend Yield | 5.8% | 5.4% | 4.3% | 3.6% | 3.4% | 3.3% | 4.7% | 4.2% | 3.5% | 3.6% | N/A | N/A | 2.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.5M | 6.7M | 2.0M | 249K | 11M | 12M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.6% | 2.1% | 0.5% | 0.0% | 0.0% | 1.8% |
| Stock-Based Comp | N/A | N/A | 59K | 133K | 186K | 322K | 428K | 362K | 729K | N/A | 1.3M | 1.4M | 1.6M |
| Debt Repayment | 3.4M | 10M | 612K | 2.3M | 29M | 24M | 22M | 34M | 15M | 0 | 0 | 40M | 40M |
| Balance Sheet | |||||||||||||
| Net Debt | 107M | 93M | 90M | -60M | -84M | -205M | -645M | -1.1B | -659M | -265M | -170M | -212M | -286M |
| Cash & Equiv. | 20M | 19M | 19M | 34M | 41M | 114M | 399M | 710M | 168M | 66M | 47M | 66M | 565M |
| Long-Term Debt | 81M | 77M | 74M | 95M | 84M | 66M | 54M | 35M | 21M | 195M | 255M | 255M | 215M |
| Debt/Equity | 1.15 | 0.97 | 0.91 | 0.85 | 0.70 | 0.53 | 0.36 | 0.26 | 0.26 | 0.91 | 0.89 | 0.76 | 0.66 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 |
| Equity | 110M | 115M | 120M | 154M | 168M | 190M | 258M | 272M | 245M | 277M | 303M | 420M | 425M |
| Total Assets | 1.1B | 1.1B | 1.2B | 1.6B | 1.6B | 1.7B | 2.6B | 2.8B | 2.5B | 2.4B | 2.4B | 3.2B | 3.3B |
| Total Liabilities | 980M | 1.0B | 1.1B | 1.4B | 1.5B | 1.5B | 2.3B | 2.5B | 2.3B | 2.1B | 2.1B | 2.8B | 2.8B |
| Intangibles | 1.2M | 1.0M | 688K | 2.6M | 4.4M | 4.4M | 7.3M | 6.1M | 10M | 9.1M | 7.8M | 22M | 21M |
| Retained Earnings | 88M | 95M | 101M | 106M | 122M | 139M | 148M | 167M | 194M | 213M | 235M | 257M | 267M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.71 | 1.83 | 1.80 | 1.50 | 3.09 | 3.36 | 2.13 | 3.19 | 4.15 | 3.71 | 3.73 | 3.60 | 4.91 |
| Owner EPS | 1.45 | 2.10 | 1.70 | 2.23 | 3.77 | 3.22 | 2.48 | 4.39 | 4.03 | 4.36 | 4.16 | 4.42 | 6.72 |
| Book Value | 18.28 | 19.05 | 19.88 | 23.60 | 23.89 | 26.84 | 29.87 | 31.19 | 28.44 | 32.48 | 35.52 | 40.81 | 41.16 |
| Cash Flow/Share | 1.80 | 2.39 | 2.01 | 2.61 | 4.20 | 3.64 | 2.95 | 4.83 | 4.55 | 4.75 | 4.66 | 5.21 | 5.61 |
| Dividends/Share | 0.77 | 0.80 | 0.80 | 0.80 | 0.89 | 0.98 | 1.00 | 1.03 | 1.06 | 1.14 | 1.26 | 1.38 | 1.44 |
| Shares Out. | 6.0M | 6.0M | 6.0M | 6.5M | 7.0M | 7.1M | 8.6M | 8.7M | 8.6M | 8.5M | 8.5M | 10.3M | 10.3M |
| Valuation | |||||||||||||
| P/E Ratio | 8.5 | 8.6 | 15.5 | 16.7 | 10.0 | 11.2 | 10.0 | 8.5 | 8.7 | 11.7 | N/A | N/A | 12.7 |
| P/FCF | 11.4 | 7.5 | 14.8 | 9.9 | 7.8 | 8.9 | 7.5 | 6.0 | 8.3 | 9.4 | N/A | N/A | 8.3 |
| EV/EBIT | 237.7 | 177.8 | 205.2 | 195.3 | 210.9 | 6.4 | -87.1 | -9.6 | 4.2 | 11.5 | N/A | N/A | 203.5 |
| Price/Book | 0.8 | 0.8 | 1.4 | 1.1 | 1.3 | 1.4 | 0.7 | 0.9 | 1.3 | 1.3 | N/A | N/A | 1.5 |
| Price/Sales | 1.7 | 1.9 | 2.6 | 2.6 | 2.5 | 3.3 | 2.0 | 2.2 | 2.5 | 2.5 | N/A | N/A | 3.2 |
| FCF Yield | 8.8% | 13.3% | 5.8% | 9.3% | 12.8% | 9.1% | 13.3% | 17.2% | 12.0% | 10.7% | N/A | N/A | 12.0% |
| Market Cap | 87M | 95M | 168M | 164M | 218M | 266M | 184M | 236M | 312M | 369M | 0 | 0 | 642M |
| Avg. Price | 13.23 | 14.81 | 18.57 | 22.10 | 26.17 | 29.38 | 21.41 | 24.35 | 30.33 | 31.86 | 0.00 | 0.00 | 62.10 |
| Year-End Price | 14.49 | 15.70 | 23.99 | 23.25 | 30.79 | 30.54 | 21.21 | 27.72 | 36.17 | 43.24 | 0.00 | 0.00 | 62.10 |
ACNB CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
ACNB CORP trades at 18.6x trailing earnings, compared to its 15-year median P/E of 10.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.2x vs a median of 8.6x. The company's 5-year average ROIC is 8.1% with a gross margin of 88.5%. Total shareholder yield (dividends + buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +5.6%.
ACNB CORP (ACNB) has a net profit margin of 19.3%. This is a healthy margin.
ACNB CORP (ACNB) generated $53 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ACNB CORP (ACNB) has a debt-to-equity ratio of 0.76. This indicates moderate leverage.
ACNB CORP (ACNB) reported earnings per share (EPS) of $3.60 in its most recent fiscal year.
ACNB CORP (ACNB) has a return on equity (ROE) of 10.2%. This indicates moderate shareholder returns.
ACNB CORP (ACNB) has a 5-year average gross margin of 88.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for ACNB CORP (ACNB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ACNB CORP (ACNB) has a book value per share of $40.81, based on its most recent annual SEC filing.