ORRF

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

HARRISBURG, Pa., April 13, 2026 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report first quarter 2026 earnings at the close of business on Tuesday, April 21, 2026. Management will host a conference call and webcast to review the Company’s quarterly results on Wednesday, April 22, 2026, at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, April 21, 2026, After Market Close Conference Call and Webcast: Wednesday, April 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/675663343 Telephone: To listen to the call without access to the slides, interested parties may participate by telephone by dialing: USA / International Toll +1 (646) 307-1963 USA - Toll-Free (800) 715-9871 Canada - Toronto (647) 932-3411 Canada - Toll-Free (800) 715-9871 Conference ID 5555102 Recorded Playback: An audio recording of the conference call will be available by telephone until Wednesday, April 29, 2026 by dialing one of the numbers listed below: US & Canada Toll-Free: +1(800) 770-2030 US Toll: +1(609) 800-9909 Canada Toll: +1(647) 362-9199 Playback 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,...

This article first appeared on GuruFocus. Annual Net Income: $80.9 million or $4.18 per diluted share. Return on Average Equity (ROE): 14.76%. Return on Average Assets (ROA): 1.49%. Net Interest Margin: 4.04% annually; 4.00% in the fourth quarter. Fee Income: $52.3 million annually, contributing 21% of total operating income. Quarterly Net Income: $21.5 million or $1.11 per diluted share. Noninterest Income: 22% of operating revenue in the fourth quarter. Loan Growth: 4% in the fourth quarter. Provision Expense: $0.1 million in the fourth quarter. Net Charge-Offs: $0.5 million in the fourth quarter. Allowance for Credit Losses: 1.19% of total loans at quarter-end. Quarterly Dividend Increase: From $0.27 to $0.30 per share. Noninterest Expenses: $37.4 million in the fourth quarter. Deposit Cost: 1.98% in the fourth quarter. Investment Portfolio Yield: 4.58% in the fourth quarter. Warning! GuruFocus has detected 6 Warning Sign with ORRF. Is ORRF fairly valued? Test your thesis with our free DCF calculator. Release Date: January 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Orrstown Financial Services Inc (NASDAQ:ORRF) achieved the highest reported annual net income in its 106-year history, with net income of $80.9 million or $4.18 per diluted share. The company maintained a strong net interest margin of 4.04%, which is near the top of its peers. Fee income contributed significantly to total operating income, accounting for 21% of the total, with noninterest income as a percentage of operating revenue exceeding 20% for three consecutive quarters. Orrstown Financial Services Inc (NASDAQ:ORRF) demonstrated strong credit quality with minimal provision expense, a reduction in classified loans, and a healthy reserve coverage ratio. The company increased its quarterly dividend by $0.03 per share, marking the fourth dividend increase in the past 18 months, reflecting a 50% increase since the merger date. The net interest margin decreased from 4.11% in the third quarter to 4.00% in the fourth quarter, partly due to lower purchase accounting accretion and reduced interest income from variable rate loans. Noninterest expenses were elevated in the fourth quarter, reaching $37.4 million, up $1.1 million from the previous quarter, driven by higher salaries, benefits, and professional services costs. Loan growth...

Orrstown Financial Services (ORRF) reported $64.92 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 5%. EPS of $1.11 for the same period compares to $0.87 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $64.55 million, representing a surprise of +0.58%. The company delivered an EPS surprise of +2.47%, with the consensus EPS estimate being $1.08. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Orrstown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency ratio: 57.5% versus the three-analyst average estimate of 56.7%. Average Interest-Earning Assets: $5.08 billion versus $5.03 billion estimated by three analysts on average. Net Interest Margin: 4% versus the three-analyst average estimate of 4.1%. Total Non Interest Income: $14.39 million versus $13.06 million estimated by three analysts on average. Other income: $2.17 million versus $1.99 million estimated by two analysts on average. Interchange Income: $1.55 million compared to the $1.8 million average estimate based on two analysts. Service charges on deposit accounts: $3.23 million versus $2.91 million estimated by two analysts on average. Wealth management income: $5.74 million versus $5.17 million estimated by two analysts on average. Net Interest Income: $50.53 million versus the two-analyst average estimate of $51.55 million. View all Key Company Metrics for Orrstown here>>> Shares of Orrstown have returned +0.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Orrstown Financial Services Inc (ORRF) : Free Stock Analysis Report Thi...