Absecon Bancorp Declares Second-Quarter Cash Dividend of $1.05 Per Share

ABSECON, New Jersey — June 5, 2026 — Absecon Bancorp (OTC: ASCN), the parent company of First National Bank of Absecon, has announced that its Board of Directors has approved a regular second-quarter cash dividend of $1.05 per share for shareholders. The declaration reflects the company's continued focus on delivering value to investors while maintaining its long-standing tradition of financial stability and community banking excellence.

Board Approves Quarterly Dividend Distribution

The newly declared dividend of $1.05 per share represents the latest in a series of shareholder distributions made by Absecon Bancorp. The announcement demonstrates the company's confidence in its financial position and ongoing business performance despite a changing economic environment. The dividend is part of the bank holding company's regular capital management strategy aimed at rewarding shareholders and maintaining investor confidence.

Consistent Commitment to Shareholders

Absecon Bancorp has steadily increased its dividend payments over the past several years. Historical announcements show that the company paid quarterly dividends of $0.75 per share in 2024 before raising the payout to $0.90 per share in 2025. The current $1.05 per share dividend level, maintained through multiple quarters, highlights the organization's commitment to sharing financial success with its investors.

Growth in Dividend Payments

The progression of dividend distributions illustrates the company's improving financial strength:

• 2024: Quarterly dividend of $0.75 per share
• 2025: Quarterly dividend increased to $0.90 per share
• 2025–2026: Quarterly dividend raised to and maintained at $1.05 per share

This consistent increase reflects management's confidence in the company's long-term earnings potential and capital position.

About Absecon Bancorp

Absecon Bancorp serves as the holding company for First National Bank of Absecon, a community-focused financial institution headquartered in Absecon, New Jersey. The bank has been serving customers since 1916 and provides a broad range of banking products and services to individuals, families, and businesses throughout southern New Jersey.

The organization focuses primarily on traditional banking activities, including:

• Personal and business checking accounts
• Savings and money market products
• Residential mortgage lending
• Commercial and small business loans
• Consumer banking services
• Digital and mobile banking solutions

Strong Community Banking Presence

Through First National Bank of Absecon, the company maintains a strong presence in Atlantic County and surrounding regions. Its business model centers on relationship banking, local decision-making, and personalized customer service. This approach has enabled the institution to maintain deep ties within the communities it serves while supporting local economic development and small business growth.

Serving New Jersey Communities for More Than a Century

Since its founding over 100 years ago, First National Bank of Absecon has played an important role in supporting residents and businesses throughout the region. The bank's longevity reflects a commitment to prudent financial management, customer service, and community involvement.

Investor Significance of the Dividend Declaration

For investors, the declaration of a quarterly dividend is often viewed as a sign of corporate confidence and financial health. Regular cash dividends can provide shareholders with a predictable source of income while also signaling management's belief in the sustainability of future earnings.

By maintaining the $1.05 per share quarterly payout, Absecon Bancorp continues to demonstrate its ability to generate sufficient capital and earnings to support both business operations and shareholder distributions.

Outlook for Shareholders

While future dividend decisions remain subject to board approval and financial performance, the latest announcement reinforces Absecon Bancorp's commitment to returning value to shareholders. Investors will likely view the continuation of the current dividend level as a positive indicator of the company's operational stability and confidence in its strategic direction.

As community banks continue to navigate evolving interest rate conditions, regulatory requirements, and competitive pressures, Absecon Bancorp's sustained dividend program underscores the resilience of its business model and management team's disciplined approach to capital allocation.

Conclusion

The declaration of a $1.05 per share second-quarter cash dividend marks another milestone in Absecon Bancorp's ongoing efforts to reward shareholders while maintaining a strong foundation for future growth. With more than a century of banking experience through First National Bank of Absecon, the company continues to balance community-focused banking operations with a shareholder-friendly capital return strategy. The announcement further highlights management's confidence in the institution's financial strength and long-term outlook.

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