Earnings Per Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share

The Corporation has a simple capital structure. Basic earnings per share of common stock is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding less unvested restricted stock at the end of the period. Diluted earnings per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Weighted average shares outstanding (basic)	10,451,469		8,502,268		10,130,666		8,497,686
Dilutive effect of unvested shares	36,050		38,438		26,665		28,491
Weighted average shares outstanding (diluted)	10,487,519		8,540,706		10,157,331		8,526,177
Per share:
Basic	$	1.11	$	1.32	$	1.12	$	2.12
Diluted	1.11		1.32		1.12		2.12

There were no antidilutive instruments at June 30, 2025 and 2024.

Share Repurchase Plan

On October 24, 2022, the Corporation announced that the Board of Directors approved on October 18, 2022, a plan to repurchase, in open market and privately negotiated transactions, up to 255,575, or approximately 3%, of the outstanding shares of the Corporation’s common stock. This new common stock repurchase program replaced and superseded any and all earlier announced repurchase plans. During the six months ended June 30, 2025 the Corporation repurchased 147,464 shares. There were 215,372 treasury shares purchased under this plan through June 30, 2025.

On June 18, 2025, the Corporation announced that the Board of Directors approved a plan to repurchase, in open market transactions at prevailing market prices, up to 314,000 shares, or approximately 3%, of the outstanding shares of ACNB’s common stock. This new common stock repurchase program replaces and supersedes any and all earlier announced repurchase plans. There were no shares purchased under this plan through June 30, 2025.