ORRF

Wall Street expects a year-over-year decline in earnings on higher revenues when Fulton Financial (FULT) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This financial holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -3.6%. Revenues are expected to be $361.54 million, up 10.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive...

The market expects Orrstown Financial Services (ORRF) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This holding company for Orrstown Bank is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of -1%. Revenues are expected to be $64 million, up 2.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.38% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the m...

Unity Bancorp (UNTY) came out with quarterly earnings of $1.42 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.39%. A quarter ago, it was expected that this bank holding company would post earnings of $1.37 per share when it actually produced earnings of $1.4, delivering a surprise of +2.19%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Unity Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $33.75 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.01%. This compares to year-ago revenues of $34.37 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Unity Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's gain of 9.8%. While Unity Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Unity Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

HARRISBURG, Pa., July 09, 2026 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report second quarter 2026 earnings at the close of business on Tuesday, July 21, 2026. Management will host a conference call and webcast to review the Company’s quarterly results on Wednesday, July 22, 2026, at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, July 21, 2026, After Market Close Conference Call and Webcast: Wednesday, July 22, 2026, 9:00 am ET Webcast: Interested parties may listen to the call and view a copy of the Company’s earnings presentation by joining via webcast at: https://events.q4inc.com/attendee/641160672 Telephone: To listen to the call without access to the slides, interested parties may participate by telephone by dialing: USA / International Toll +1 (646) 307-1963USA - Toll-Free (800) 715-9871Canada - Toronto (647) 932-3411Canada - Toll-Free (800) 715-9871Conference ID 5555102 Recorded Playback: An audio recording of the conference call will be available by telephone until Wednesday, July 29, 2026 by dialing one of the numbers listed below: US & Canada Toll-Free: +1(800) 770-2030US Toll: +1(609) 800-9909Canada Toll: +1(647) 362-9199Playback ID: 5555102#The audio recording of the conference call will also be available in the Investor Relations section of the Company’s website at investors.orrstown.com. About Orrstown With $5.6 billion in assets, Orrstown Financial Services, Inc. (the “Company”) and its wholly owned subsidiary, Orrstown Bank, provide a wide range of consumer and business financial services in Adams, Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company's lending area also includes counties in Pennsylvania, Maryland, Delaware, Virginia and West Virginia within a 75-mile radius of the Company's executive and administrative offices as well as the District of Columbia. Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC. Orrstown Financial Services, Inc.'s common stock is traded on the NASDAQ Global Select Market under the symbol "ORRF." For more information about Orrstown Financial Services, Inc. and Orrs...

Net income of $21.8 million ($1.12 diluted EPS) with strong profitability metrics — ROA 1.59% and ROE 14.76% — while net interest margin was 3.90% (down from 4.00%) but management kept 2026 NIM guidance at 3.90%–4.00% and expects margin improvement as funding costs fall. Deposits grew $98.7 million (9% annualized), enabling a reduction in borrowings, lowering forward funding costs, and trimming the loan-to-deposit ratio to 88% as loan growth ran about 4% annualized despite some prepayments. Fee income was a meaningful contributor at $15.6 million (24.1% of operating income) while non-interest expense fell $0.7 million to $36.7 million; capital generation remained strong (TCE 9.2%) and the board declared a $0.30 quarterly dividend. Interested in Orrstown Financial Services Inc? Here are five stocks we like better. Orrstown Financial Services (NASDAQ:ORRF) reported first-quarter 2026 net income of $21.8 million, or $1.12 per diluted share, as executives pointed to strong profitability metrics, solid deposit growth, and ongoing expense discipline. President and CEO Tom Quinn said the company “delivered strong results across the board,” highlighting that return on average equity and return on average assets continued to exceed peer levels and that the bank’s net interest margin remained near the top of its peer group. Chief Financial Officer Neil Kalani said Orrstown began 2026 “off strong,” posting a return on average assets of 1.59% and return on average equity of 14.76% for the quarter. Net interest margin was 3.90% in the first quarter, down from 4.00% in the fourth quarter of 2025. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Kalani attributed the margin decline to several factors, including the impact of a December Federal Reserve rate cut on interest income, reduced purchase accounting accretion, and “temporarily elevated funding costs.” He said the bank experienced seasonal deposit outflows at the beginning of the year that “persisted for longer than in prior years,” which drove borrowing balances higher during the first half of the quarter. Deposit balances grew substantially in the second half, and the company implemented “some delayed deposit rate reductions.” Despite the decline, Kalani maintained the company’s prior 2026 net interest margin guidance range of 3.90% to 4.00% and said he expects the margin to increase from current...

This article first appeared on GuruFocus. Net Income: $21.8 million, or $1.12 per diluted share. Return on Average Assets: 1.59% for the quarter. Return on Average Equity: 14.76% for the quarter. Net Interest Margin: 3.90% in the first quarter, down from 4.00% in the previous quarter. Fee Income: $15.6 million, contributing 24.1% of total operating income. Non-Interest Expense: Declined by $700,000 to $36.7 million. Loan Growth: 4% annualized basis. Deposit Growth: Increased by $98.7 million, or 9% annualized. Provision Expense: $728,000 for the quarter. Allowance Coverage Ratio: 1.17% as of March 31, 2026. Cost of Deposits: Declined to 1.96% for the first quarter. Dividend: Quarterly dividend of $0.30 per share declared. Warning! GuruFocus has detected 6 Warning Signs with ORRF. Is ORRF fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Net income increased to $21.8 million, or $1.12 per diluted share, indicating strong financial performance. Fee income contributed 24.1% of total operating income, showcasing a diversified revenue stream. Non-interest expense declined, reflecting the company's commitment to operational efficiency. Deposit growth was significant, with an increase of $98.7 million, reducing reliance on borrowings. Capital ratios continue to build quickly, providing flexibility for future growth and capital allocation opportunities. Net interest margin decreased from 4.00% in the previous quarter to 3.90%, impacted by the December Fed rate cut and elevated funding costs. Loan growth was steady but affected by unexpected loan prepayments, limiting overall growth. Non-accrual loans increased by $2 million due to two specific relationships, indicating some credit quality concerns. Loan yields declined due to lower rates on the variable rate loan portfolio, affecting interest income. The investment portfolio yield declined due to the impact of the December Fed rate cut on floating-rate investments. Q: Can you elaborate on the primary drivers affecting the net interest margin (NIM) this quarter? A: Neelesh Kalani, Chief Financial Officer, explained that the primary driver was the seasonal deposit runoff, which was stronger and lasted longer than usual. There were no surprises on the loan or security yield side,...

Image source: The Motley Fool. Wednesday, April 22, 2026 at 9 a.m. ET President & Chief Executive Officer — Thomas R. Quinn Executive Vice President, Chief Operating Officer — Adam Metz Executive Vice President, Chief Financial Officer — Neelesh Kalani Need a quote from a Motley Fool analyst? Email [email protected] For our financial highlights, Orrstown achieved another successful quarter, delivering strong results across the board. Net income increased to $21.8 million or $1.12 per diluted share. Return on average equity and return on average assets continued to exceed peer multiples. Fee income of $15.6 million contributed 24.1% of the total operating income. Noninterest expense declined, highlighting our continued commitment to creating efficiencies within the company. Our net interest margin remained near the top of all peers. We started off the year with another profitable quarter and created momentum leading into the rest of the year. I will now turn the call over to Adam Metz, who will speak about our balance sheet. Adam? Adam Metz: Thank you, Tom. Good morning, everyone. Loan growth was steady during the quarter, coming in at 4% on an annualized basis. Loan production was excellent, but overall growth was impacted by unexpected loan prepayments. Growth has occurred across our footprint and our product set, a mix of C&I and CRE. Our pipelines continue to be robust and support our growth targets. On the credit front, we recorded moderate provision expense aligning with the portfolio growth and experienced a reduction in classified loans. We remain prudent in our lending decisions, but we feel that the credit environment remains sound and without significant signs of stress. We are pleased with our meaningful deposit growth during the quarter. Deposits increased by $98.7 million, reflecting increases in interest-bearing demand deposits, noninterest demand deposits, time deposits and money market deposits. This deposit growth accelerated in the second half of the quarter, which enabled us to reduce borrowings at quarter end. This shift from borrowings to deposits reduced our go-forward funding costs, which we expect to become more apparent in the second quarter. Neil will discuss this in more detail during his presentation. Our capital ratios continue to build quickly with our earnings generation, which will create flexibility for us in the future. Capital le...

Net income growth to $21.8 million was supported by strong fee income contribution, which accounted for 24.1% of total operating income. Loan growth of 4% annualized was tempered by unexpected loan prepayments despite excellent production levels across C&I and CRE segments. Net interest margin compression to 3.90% resulted from the December Fed rate cut, reduced purchase accounting accretion, and temporarily elevated funding costs. Management attributed higher borrowing costs in the first half of the quarter to seasonal deposit outflows that persisted longer than in previous years. A strategic shift in the second half of the quarter saw substantial deposit growth, allowing the bank to reduce borrowings and lower go-forward funding costs. Operational efficiency improved as noninterest expenses declined due to lower health care costs and a significant reduction in reliance on third-party professional services. Credit quality remains stable with a reduction in classified loans, though nonaccruals increased by $2 million primarily due to two specific relationships. Management reaffirmed 2026 net interest margin guidance of 3.90% to 4.00%, with expectations for the margin to increase from current levels. Funding costs are projected to decline further in the second quarter as the full impact of late-Q1 deposit rate reductions and borrowing payoffs is realized. Noninterest expenses are expected to settle at the lower end of the guidance range, barring potential strategic investments in personnel to drive growth. Capital ratios are expected to continue building rapidly through earnings generation, providing flexibility for future capital allocation and shareholder value initiatives. The robust loan pipeline is expected to support ongoing growth targets despite a competitive lending environment. Recognized $2.4 million in life insurance proceeds during the quarter, which bolstered noninterest income. Unrealized losses on investment securities increased by $6.8 million since year-end 2025 due to market rate changes, impacting Tangible Common Equity. The allowance coverage ratio was maintained at 1.17%, with provision expense driven primarily by loan growth rather than credit deterioration. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management confirmed that th...

HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Orrstown Financial Services Inc. (ORRF) on Tuesday reported net income of $21.8 million in its first quarter. The bank, based in Harrisburg, Pennsylvania, said it had earnings of $1.12 per share. The holding company for Orrstown Bank posted revenue of $89.9 million in the period. Its revenue net of interest expense was $64.6 million, topping Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORRF at https://www.zacks.com/ap/ORRF

Net income of $21.8 million, or $1.12 per diluted share, for the three months ended March 31, 2026 compared to net income of $21.5 million, or $1.11 per diluted share, for the three months ended December 31, 2025; Return on average assets was 1.59% and return on average equity was 14.76% for the three months ended March 31, 2026, compared to 1.55% and 14.73%, respectively, for the three months ended December 31, 2025; Net interest margin, on a tax equivalent basis, was 3.90% in the first quarter of 2026 compared to 4.00% in the fourth quarter of 2025; Total loans increased by $40.6 million, or approximately 4% annualized, from December 31, 2025 to March 31, 2026; Deposits increased by $98.7 million from December 31, 2025 to March 31, 2026; borrowings decreased by $68.0 million from December 31, 2025 to March 31, 2026; Noninterest income increased by $1.2 million from $14.4 million for the three months ended December 31, 2025 to $15.6 million for the three months ended March 31, 2026; Noninterest expenses decreased by $0.7 million from $37.4 million for the three months ended December 31, 2025 to $36.7 million for the three months ended March 31, 2026 due primarily to decreases in salaries and benefits expense and professional services expense; Tangible common equity increased to 9.2% at March 31, 2026 from 9.0% at December 31, 2025; total risk-based capital improved to 13.5% at March 31, 2026 from 13.3% at December 31, 2025; Tangible book value per common share(1) increased to $25.76 per share at March 31, 2026 from $25.21 per share at December 31, 2025 and The Board of Directors declared a cash dividend of $0.30 per common share, payable May 12, 2026, to shareholders of record as of May 5, 2026. HARRISBURG, Pa., April 21, 2026 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (the "Company") (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”), announced earnings for the quarter ended March 31, 2026. Net income totaled $21.8 million for the three months ended March 31, 2026, compared to net income of $21.5 million and $18.1 million for the three months ended December 31, 2025 and March 31, 2025, respectively. Diluted earnings per share was $1.12 for the three months ended March 31, 2026, compared to $1.11 and $0.93 for the three months ended December 31, 2025 and March 31, 2025, respectively. For the first quarter of 2025, excluding the impa...

Orrstown Financial Services (ORRF) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.66%. A quarter ago, it was expected that this holding company for Orrstown Bank would post earnings of $1.08 per share when it actually produced earnings of $1.11, delivering a surprise of +2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Orrstown, which belongs to the Zacks Banks - Northeast industry, posted revenues of $64.58 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.70%. This compares to year-ago revenues of $60.38 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Orrstown shares have added about 9.2% since the beginning of the year versus the S&P 500's gain of 3.9%. While Orrstown has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Orrstown was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1...

Orrstown Financial Services (ORRF) reported Q1 earnings late Tuesday of $1.12 per diluted share, up