ACNB CORP (ACNB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 12, 2026

Risk Assessment Details

Potential Dilution: 41.55% of current shares
Recent Dilution: 29.82% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
10M
Potential Supply
4.3M
Additional shares possible
Splits
None
Past 2 years

Summary

ACNB currently has 10.3M outstanding shares. with moderate dilution risk from 4.28M authorized shares representing 41.6% potential dilution. The company has significantly diluted shareholders by 29.82% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 12, 2026

10-K filing | 10.3M shares outstanding

10M 4.3M
Nov 06, 2025

10-Q filing | 10.4M shares outstanding

10M 4.1M
Aug 07, 2025

10-Q filing | 10.5M shares outstanding

10M 4.1M
Jun 18, 2025

8-K filing: ACNB Corporation's Board of Directors approved a plan to repurchase up to 314,000 shares of its common stock in open market transactions, replacing any previous repurchase plans.

9.8M 4.7M
May 09, 2025

10-Q filing | 9.8M shares outstanding

9.8M 4.7M
Mar 14, 2025

10-K filing | 10.5M shares outstanding

11M 4M
Nov 07, 2024

10-Q filing | 8.5M shares outstanding

8.5M 6M
Aug 08, 2024

10-Q filing | 8.5M shares outstanding

8.5M 6M
May 09, 2024

10-Q filing | 8.5M shares outstanding

8.5M 6.1M
Mar 14, 2024

10-K filing | 8.5M shares outstanding

8.5M 6.1M
Mar 14, 2024

S-3 filing: ACNB Corporation may offer and sell, from time to time, in one or more offerings, any combination of common stock, preferred stock, depositary shares, debt securities, purchase contracts, purchase units, and subscription rights, with a total aggregate principal amount or initial purchase price amount of securities not to exceed $100,000,000.

8.5M 6M
Nov 03, 2023

10-Q filing | 8.5M shares outstanding

8.5M 3.2M
Aug 04, 2023

10-Q filing | 8.5M shares outstanding

8.5M 3.2M
May 09, 2023

10-Q filing | 8.5M shares outstanding

8.5M 3.2M
Mar 03, 2023

10-K filing | 8.6M shares outstanding

8.6M 3.1M
Nov 04, 2022

10-Q filing | 8.7M shares outstanding

8.7M 3M
Oct 24, 2022

8-K filing: ACNB Corporation's Board of Directors approved a plan to repurchase up to 255,575 shares of its common stock in open market and privately negotiated transactions, replacing any earlier repurchase plans.

8.7M 3M
Aug 05, 2022

10-Q filing | 8.7M shares outstanding

8.7M 3M
Apr 29, 2022

10-Q filing | 8.7M shares outstanding

8.7M 3M
Mar 14, 2022

10-K filing | 8.7M shares outstanding

8.7M 3M
Nov 03, 2021

10-Q filing | 8.7M shares outstanding

8.7M 3M
Jul 30, 2021

10-Q filing | 8.7M shares outstanding

8.7M 3M
Apr 30, 2021

10-Q filing | 8.7M shares outstanding

8.7M 3M
Mar 30, 2021

8-K filing: ACNB Corporation sold and issued $15.0 million in aggregate principal amount of its 4.00% fixed-to-floating rate subordinated notes due March 31, 2031 to certain institutional accredited investors and qualified institutional buyers. ($15.0M proceeds)

8.6M 3.1M
Mar 05, 2021

10-K filing | 8.6M shares outstanding

8.6M 3.1M
Feb 25, 2021

8-K filing: ACNB Corporation authorized a repurchase program for up to 261,000 shares of its common stock.

8.6M 3.1M
Oct 30, 2020

S-3 filing: The filing is an S-3 registration statement for the potential offering of common stock, preferred stock, and debt securities, with a total aggregate amount not exceeding $100,000,000.

7.1M 4.6M
Oct 30, 2020

10-Q filing | 8.6M shares outstanding

8.6M 3.1M
Jul 31, 2020

10-Q filing | 7.1M shares outstanding

7.1M 0
May 01, 2020

10-Q filing | 8.7M shares outstanding

8.7M 0
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