ACNB Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$ACNB
Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): December 2, 2025
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CURRENT REPORT ON FORM 8-K
ITEM 8.01 Other Events
On December 2, 2025, ACNB Corporation (NASDAQ: ACNB) (“ACNB”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., executed a repositioning of the investment securities portfolio. ACNB sold approximately $74.6 million in book value of available-for-sale investment securities, consisting of lower-yielding agency debt, for an estimated after-tax loss of approximately $2.8 million. The investment securities sold had an average book yield of approximately 1.13% with a weighted average remaining life of approximately 1.96 years. Net proceeds of approximately $71.1 million from the sale were used to purchase higher-yielding investment securities that were all classified as available-for-sale. The investment securities purchased consisted of approximately $25.3 million of agency multi-family securities, approximately $22.9 million of agency collateralized mortgage obligation securities and approximately $22.9 million of agency mortgage-backed securities. The available-for-sale investment securities purchased had an average book yield of approximately 4.80% with a weighted average remaining life of approximately 5.39 years.
The repositioning is estimated to improve interest income on the securities portfolio by approximately $2.6 million over the next 12 next months. ACNB currently expects to recover the approximately $2.8 million after-tax loss on the sale of investment securities in approximately 1.42 years. The transaction will have no impact on stockholders’ equity or book value per share as of the date of the sale, as unrealized losses on the available-for-sale investment securities are already accounted for as a deduction to stockholders’ equity. ACNB and ACNB Bank capital levels remain well in excess of ACNB’s internal minimums and those required to be categorized as well-capitalized by our bank regulators. ACNB’s overall liquidity position remains strong and stable. ACNB currently expects to earn a profit for the fourth quarter of 2025 despite the loss from this investment repositioning.
The information furnished under this Item 8.01 of this Current Report on Form 8-K shall not be deemed to be filed for purposes of the Securities Exchange Act of 1934.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by use of such words as "may", "will", "estimate", "intend", "continue", "believe", "expect", "plan", or "anticipate", the negative and other variations of these terms and other similar words. This report includes forward-looking statements with respect to the impact of the sale and purchase of available-for-sale securities on the ACNB’s results of operations and financial condition. Forward-looking statements are made based on management’s expectations and beliefs concerning future events impacting the ACNB and are subject to certain uncertainties and factors relating to the ACNB’s operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the ACNB, that could cause actual results of the ACNB to differ materially from those expressed and/or implied by forward-looking statements and historical performance. The following factors, in addition to those listed as Risk Factors in Item 1A in our Annual Reports on Form 10-K and our Quarterly
Reports on Form 10-Q as filed with the Securities and Exchange Commission are among those that could cause actual results to differ materially from the forward-looking statements: changes in general economic, market and regulatory conditions; our ability to attract and retain deposits and other sources of liquidity; GDP growth and inflation trends; the impact of the interest rate and inflationary environment on the ACNB’s business, financial condition and results of operations; other income or cash flow anticipated from the ACNB's operations, investment and/or lending activities; changes in laws and regulations affecting banks, bank holding companies and/or financial holding companies, such as state and local government mandates, the Dodd-Frank Act and Basel III and the Economic Growth, Regulatory Relief, and Consumer Protection Act; technological developments and changes; cybersecurity incidents and threats, the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; and the economic impact of national and global events, including the response to recent bank failures, the war in Ukraine, widespread protests, civil unrest, political uncertainty, and pandemics or other public health crises, including the COVID-19 pandemic.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
ACNB CORPORATION (Registrant) | |||||||||||
| Dated: | December 5, 2025 | /s/ Kevin J. Hayes | |||||||||
| Kevin J. Hayes | |||||||||||
| Senior Vice President/ | |||||||||||
| General Counsel, Secretary & Chief Governance Officer | |||||||||||