Slide 1: ACNB Corporation Investor Presentation Second Quarter of 2025
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
Slide 2: Important Information
2 | 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”). • This p
Slide 3: Corporate Profile
3 | Investor Presentation Corporate Profile 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.
Slide 4: Investment highlights
4 | Investor Presentation 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%* • Att
Slide 5: Experienced Management Team
5 | Investor Presentation Experienced Management Team James P. Helt President & Chief Executive Officer 36 years In financial services 17 years At ACNB Mark Blacksten EVP, Maryland Market President 35 years In financial services 2 years At ACNB Brett D. Fulk EVP, Chief Strategy Officer 33 years In f
Slide 6: Commercially Focused Loan Portfolio
6 | Investor Presentation $161,025 $178,905 $148,833 $137,747 $217,664 $786,255 $821,691 $898,708 $970,280 $1,255,451 $52,450 $83,283 $84,340 $76,886 $127,693 2021 2022 2023 2024 MRQ $999,730 $1,083,879 $1,131,881 $1,184,913 $1,600,808 9% 54% 5% 32% C&I, ex PPP CRE, Multifamily & Farm C&D Other ~68%
Slide 7: Stable and Low-Cost Deposit Base
7 | Investor Presentation Stable and Low-Cost Deposit Base • 7.3% of bank deposits associated with top 20 unrelated relationships • ~80.0% of all bank deposits FDIC insured and/or collateralized o Average deposit account balance <$25,000 • ~59.5% deposit market share in Adams County and strong marke
Slide 8: Commitment to Noninterest Income to Diversify Revenue
8 | Investor Presentation Commitment to Noninterest Income to Diversify Revenue • Gain from mortgage loans held for sale and earnings on investment in bank-owned life insurance increased linked quarter and year-over-year driven primarily by the acquisition of Traditions • Wealth management income in
Slide 9: Fee-Generating Offerings
9 | 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 10: Focus on Expense Management
10 | 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. • Linked quarter and year-over-year increase in expenses driven primarily by the acquisition of Tr
Slide 11: Branch Network Productivity
11 | 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 closed two branches • Opened one new branch in 2
Slide 12: Strong Profitability in Tough Operating Environment
12 | Investor Presentation $0.80 $1.32 $0.84 $0.77 $1.02 1Q24 2Q24 3Q24 4Q24 1Q25 Diluted Earnings Per Share 9.76% 16.12% 9.63% 8.57% 11.23% 1Q24 2Q24 3Q24 4Q24 1Q25 Return on Average Equity 1.12% 1.86% 1.17% 1.08% 1.36% 1Q24 2Q24 3Q24 4Q24 1Q25 Return on Average Assets Strong Profitability in Tough
Slide 13: Actively Managing Strong Capital Position
13 | Investor Presentation Actively Managing Strong Capital Position • Practices reflect ACNB’s ongoing and long-term commitment to maximizing shareholder value o Repurchased 75,872 common shares in the first quarter of 2025 o Increased dividend to $0.34 in 2Q25 from $0.32 in 2Q24 • Disciplined acqu
Slide 14: Strategic Acquisition of Traditions Bancorp, Inc.
14 | Investor Presentation Strategic Acquisition of Traditions Bancorp, Inc. In-Market Combination Strengthening York Franchise • Strategic in-market combination, enhancing ACNB’s presence in South-Central, PA • Creates the largest community bank in Pennsylvania with less than $5 billion in total as
Slide 15: Ample Liquidity Position
15 | 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 91.4% loan
Slide 16: Stable Asset Quality
16 | 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 • Increase in non-performing loans to total loans from 2Q24
Slide 17: Appendix
17 | Investor Presentation Appendix
Slide 18: Diversified Loan Portfolio
18 | Investor Presentation $786,255 $821,691 $898,708 $970,280 $1,255,451 $161,025 $178,905 $148,833 $137,747 $217,664 $52,450 $83,283 $84,340 $76,886 $127,693 $92,763 $84,142 $91,034 $86,537 $120,966 $348,868 $359,378 $395,482 $402,732 $611,520 $18,541 $1,470,620 $1,538,733 $1,628,268 $1,683,336 20
Slide 19: CRE Breakdown
19 | Investor Presentation Apartments 7.6% Hotel/Motel/B&B 8.6% Office Complex 11.5% Rental Units - Retail/Mixed Use/Commercial 15.1% Other Real Estate 4.9% Strip Mall 4.9% Warehouse 7.4% Restaurant 3.4% Farming 4.2% Retail 2.4% Manufacturers 3.8% Non-Profit 3.9% Service Industry 6.2% Other 16.1% CR
Slide 20: Reconciliation of Non-GAAP Measures
20 | 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 21: Reconciliation of Non-GAAP Measures
21 | Investor Presentation Reconciliation of Non-GAAP Measures 21 Source: Company data from public filings and internal sources. $ in 000's, except per share amounts 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 Tangible book value per share Stockholders' equity $279,920 $289,331 $306,755 $303,
Slide 22: Reconciliation of Non-GAAP Measures
22 | Investor Presentation Reconciliation of Non-GAAP Measures 22 Source: Company data from public filings and internal sources. $ in 000's 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 Efficiency Ratio Non-interest expense $17,662 $16,391 $18,244 $18,388 $29,335 Less: intangible amortization $
Slide 23: Reconciliation of Non-GAAP Measures
23 | Investor Presentation Reconciliation of Non-GAAP Measures 23 Source: Company data from public filings and internal sources. $ in 000's, except per share amounts 2020 2021 2022 2023 2024 Non-interest income/revenue Non-interest Income $20,090 $22,776 $21,807 $18,445 $24,730 Less: gain on life in
Slide 24: ACNB Corporation Investor Relations Contact
24 | 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