Acnb Corporation · NASDAQ:ACNB
Acnb — Debt Investor Presentation (March 2026)
29 slides from Acnb's debt investor presentation, Mar 12, 2026
Slide 1: ACNB Corporation Subordinated Notes Investor Presentation
A C N B C O R P O R A T I O N Subordinated Notes Investor Presentation March 2026 Nasdaq: ACNB investor.acnb.com
Slide 2: Confidentiality Notice and Disclaimers
2 | Investor Presentation Confidentiality Notice and Disclaimers • This presentation has been prepared solely for informational purposes from information supplied by or on behalf of ACNB Corporation (“ACNB”) and its subsidiaries (collectively, the “Company,” “we,” “our” or “us”) and is confidential
Slide 3: Forward Looking Statements
3 | Investor Presentation Forward Looking Statements This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including, but are not limited to, (a) projections or statements r
Slide 4: Important Information
4 | Investor Presentation Important Information • ACNB Corporation (Nasdaq: ACNB) (“ACNB” or the “Corporation”) is the financial holding company for ACNB Bank (“ACNB Bank” or the “Bank”) and ACNB Insurance Services, Inc. (“ACNB Insurance Services,” “ACNB Insurance” or “Insurance Services”). • All AC
Slide 5: Terms of Proposed Offering
5 | Investor Presentation Issuer ACNB Corporation (NASDAQ: ACNB) Security Holding Company Subordinated Notes Amount $15 Million Sub Debt Rating Unrated Structure Fixed-to-Floating Rate Issuance Type Regulation D Private Placement Term 10 Years Call Date 5 Years Use of Proceeds For general corporate
Slide 6: Corporate Profile
6 | Investor Presentation Corporate Profile Mid-Atlantic commercial financial 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
Slide 7: Investment highlights
7 | Investor Presentation Experienced Management Team • Proven management team with proven track record • Approximately 338 years of combined experience Commercially Focused Loan Portfolio • Commercial loans/total loans* ratio of approximately 68% • Average commercial loan yield of 6.34%* • Attracti
Slide 8: Experienced Management Team
8 | Investor Presentation Experienced Management Team James P. Helt President & Chief Executive Officer 37 years In financial services 17 years At ACNB Brett D. Fulk EVP, Chief Strategy Officer 34 years In financial services 3 years At ACNB Emily E. Berwager SVP, Chief Human Resources Officer 26 yea
Slide 9: Commercially Focused Loan Portfolio
9 | Investor Presentation 9% 54% 5% 32% C I, ex PPP CR , Mul family arm C D ther ~68% Commercial† Commercially Focused Loan Portfolio • 239.0% CRE loans/total RBC* • 31.2% construction loans/total RBC* • 34.6% owner-occupied/total CRE, multifamily and farm • 6.34% average yield on commercial loans**
Slide 10: Stable and Low-Cost Deposit Base
10 | Investor Presentation Stable and Low-Cost Deposit Base • 7.2% of bank deposits associated with top 20 unrelated relationships • ~82.3% of all bank deposits FDIC insured and/or collateralized o Average deposit account balance <$25,000 • ~60.8% deposit market share in Adams County, PA and strong
Slide 11: Commitment to Noninterest Income to Diversify Revenue
11 | Investor Presentation Commitment to Noninterest Income to Diversify Revenue • Noninterest income increased year-over-year driven primarily by the Traditions acquisition, excluding the loss related to securities repositioning • Insurance commissions decreased quarter-over-quarter driven primaril
Slide 12: Fee-Generating Offerings
12 | Investor Presentation Fee-Generating Offerings All dollar amounts in thousands. * Income from fiduciary, investment management and brokerage activities. ** Non-GAAP financial measure; Refer to the calculation on the pages titled “Reconciliation of Non-GAAP Measures” at the end of this presentat
Slide 13: Focus on Expense Management
13 | Investor Presentation Focus on Expense Management * Non-GAAP financial measure; Refer to the calculation on the pages titled “Reconciliation of Non-GAAP Measures” at the end of this presentation. • Year-over-year increase in expenses driven primarily by the acquisition of Traditions • Merger-re
Slide 14: Branch Network Productivity
14 | Investor Presentation Branch Network Productivity • ~18% reduction in branch network from year-end 2020 to year-end 2024 o Net reduction of six branches from year-end 2020 to year-end 2024 • Traditions operated eight branches. In April 2025, ACNB consolidated two branches into ACNB Bank branche
Slide 15: Strong Profitability
15 | Investor Presentation 0. 1.02 1.11 1.42 1.35 4Q24 1Q25 2Q25 3Q25 4Q25 Di luted arnings Per Share 8.5 % 11.23% 11.96% 14.66% 13.38% 4Q24 1Q25 2Q25 3Q25 4Q25 Return on Average quity 1.08% 1.36% 1.43% 1.80% 1.69% 4Q24 1Q25 2Q25 3Q25 4Q25 Return on Average Assets Strong Profitability • 4Q24, 1Q25,
Slide 16: Actively Managing Strong Capital Position
16 | Investor Presentation Actively Managing Strong Capital Position • Practices reflect ACNB’s ongoing and long-term commitment to maximizing shareholder value o Repurchased a total of 55,343 common shares in the fourth quarter of 2025 o Increased dividend to $0.38 in 4Q25 from $0.32 in 4Q24 • Disc
Slide 17: Illustrative Pro Forma Capital Ratios
17 | Investor Presentation Illustrative Pro Forma Capital Ratios Capital Structure as of 12/31/2025 1) This is a non-GAAP financial measure. Refer to the Appendix for reconciliation 2) 2021 notes anticipated to be called on March 31, 2026 (first call date) Source: Company data from public filings an
Slide 18: Double Leverage & Interest Coverage
18 | Investor Presentation Double Leverage & Interest Coverage 1) Assumes the net proceeds of the offering are used to refinance outstanding $15 million of fixed-to-floating 2021 notes, with the remainder used for general corporate purposes. 2) Assumes an illustrative 6.00% coupon on new subordinate
Slide 19: Stable Asset Quality
19 | Investor Presentation Stable Asset Quality • Committed to sound credit risk management, including conservative and disciplined underwriting practices, timely credit administration process and proactive customer relationship management • Nonperforming loans increased in 2025 driven primarily by
Slide 20: Ample Liquidity Position
20 | Investor Presentation Ample Liquidity Position • Actively monitoring, managing and projecting our liquidity needs to minimize our liquidity risk o Liquidity monitored daily • Stable, durable and relationship-based core deposits continue to be ACNB Bank’s primary source of liquidity o 95.1% loan
Slide 21: Bank Director Ranking
21 | Investor Presentation Bank Director Ranking Banking 2025 - #9 2024 - #4 2023 - #17 2022 - #94 2025 - #20 2024 - #11 Forbes Best in State Banks 2025 - #3 in PA
Slide 22: Appendix
22 | Investor Presentation Appendix
Slide 23: Diversified Loan Portfolio – ACNB Bank
23 | Investor Presentation 9% 54% 5% 5% 2 % 0% 86,255 821,691 898, 08 9 0,280 1,2 4,185 161,025 1 8,905 148,833 13 , 4 202,363 52,450 83,283 84,340 6,886 11 ,219 92, 63 84,142 91,034 86,53 12 ,41 348,868 359,3 8 395,482 402, 32 62 ,551 18,541 PPP 1 4 family L C Consumer C D C I, ex PPP CR , Mul fami
Slide 24: CRE Breakdown
24 | Investor Presentation Apartments 8.7% Hotel/Motel/B&B 8.3% Office Complex 10.5% Rental Units - Retail/Mixed Use/Commercial 15.1% Other Real Estate 4.6% Strip Mall 4.6% Warehouse 6.9% Restaurant 3.3% Farming 5.1% Manufacturers 4.5% Non-Profit 3.7% Storage Units 3.5% Service Industry 6.1% Other 1
Slide 25: Reconciliation of Non-GAAP Measures
25 | Investor Presentation This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). The Corporation has presented the following non-GAAP financial measures because it believes that these me
Slide 26: Reconciliation of Non-GAAP Measures
26 | Investor Presentation Reconciliation of Non-GAAP Measures $ in 000's, except per share amounts 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Tangible book value per share Stockholders' equity $303,273 $386,883 $395,151 $408,642 $419,974 Less: goodwill and intangible assets ($52,023) ($90,
Slide 27: Reconciliation of Non-GAAP Measures
27 | Investor Presentation Reconciliation of Non-GAAP Measures $ in 000's 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Efficiency Ratio Non-interest expense $18,388 $29,335 $25,366 $22,361 $23,453 Less: intangible amortization $304 $857 $1,141 $1,129 $1,130 Less: merger related expense $885 $
Slide 28: Reconciliation of Non-GAAP Measures
28 | Investor Presentation Reconciliation of Non-GAAP Measures $ in 000's For the three months ended: Core return on average assets 3/31/2025 12/31/2025 Net income ($272) $10,805 Provision for credit losses on non-PCD loans, net of taxes 4,234 -- Plus: Loss on securities respositioning, net of taxes
Slide 29: ACNB Corporation Investor Relations Contact
29 | Investor Presentation ACNB Corporation Investor Relations Contact Jason H. Weber Executive Vice President, Treasurer & Chief Financial Officer ACNB Corporation 16 Lincoln Square Gettysburg, PA 17325 investor.relations@acnb.com 717-339-5090 Investor Presentation