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Orrstown Financial Services, Inc.

Orrstown Financial Services, Inc.

NASDAQ•ORRF
CEO: Mr. Thomas Rodney Quinn Jr.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1999-05-13
Orrstown Financial Services, Inc. operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit. The company also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans, such as home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, it provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as other fiduciary services under the Orrstown Financial Advisors name; and retail brokerage services through a third-party broker/dealer arrangement. Further, the company offers fiduciary, investment advisory, insurance, and brokerage services. Orrstown Financial Services, Inc. was founded in 1919 and is headquartered in Harrisburg, Pennsylvania.
Contact Information
4750 Lindle Road, Harrisburg, PA, 17111, United States
717-532-6114
www.orrstown.com
Market Cap
$696.30M
P/E (TTM)
9.4
15.3
Dividend Yield
3.0%
52W High
$38.38
52W Low
$25.57
52W Range
79%
Rank42Top 47.5%
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$89.61M-5.26%
4-Quarter Trend

EPS

$1.14-378.05%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Net Income Post-Merger Nine months net income reached $59.4M, significantly up from $8.4M last year; Q3 net income was $21.9M versus a $7.9M loss prior year.
NIM Stable Year-to-Date Taxable-equivalent NIM improved 18 basis points YTD to 4.06%, though Q3 NIM slightly compressed to 3.52% due to lower loan yields.
Asset Quality Improvement Noted ACL to total loans ratio decreased to 1.21% by September 30, 2025; 9M provision resulted in a $49K recovery versus $14.8M expense last year.
Solid Capital Adequacy Orrstown Bank's Total risk-based capital ratio stood at 12.9%, well above the 10.5% required minimum for capital adequacy.

Risk Factors

Loan Yields Under Pressure Loan yield declined 49 basis points year-over-year in Q3 to 6.58%, driven by lower accretion on fair value marks and declining market rates.
Nonaccrual Loans Increased Nonaccrual loans rose to $26.2M at period end, an increase of $2.1M since December 31, 2024, primarily from new commercial construction additions.
Elevated Operating Expenses Noninterest expenses increased $6.7M YTD, driven by higher salaries, professional services, and $4.5M in increased intangible asset amortization.
Ongoing Litigation Exposure The Company faces ongoing putative class action litigation regarding overdraft fees, which could result in material financial impact or operational distraction.

Outlook

Focus on Credit Quality Monitoring Management continues quarterly comprehensive ACL analysis, adjusting qualitative factors based on economic trends and delinquency patterns.
Integration Expense Normalization Merger-related expenses significantly decreased YTD ($2.6M vs $18.8M), indicating progress toward normalizing noninterest expense structure.
Liquidity Management Focus Liquidity is managed via deposits, FHLB advances, and securities, with FHLB advances increasing significantly due to lending activity and debt redemption.
Capital Position Maintained Capital ratios remain strong, exceeding regulatory buffers, providing stability despite ongoing economic uncertainties and regulatory changes.

Peer Comparison

Revenue (TTM)

Camden National CorporationCAC
$345.48M
+23.3%
First Financial CorporationTHFF
$340.98M
+16.6%
Mid Penn Bancorp, Inc.MPB
$335.34M
+26.0%

Gross Margin (Latest Quarter)

Heritage Commerce CorpHTBK
72.1%
+6.6pp
Mid Penn Bancorp, Inc.MPB
65.1%
-33.6pp
Camden National CorporationCAC
64.8%
+6.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HBNC$874.28M-4.3-25.2%6.8%
TRST$788.20M13.98.3%2.1%
HTBK$756.60M17.46.2%0.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.3%
Flat Growth
4Q Net Income CAGR
16.9%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 30, 2026
|
EPS:$1.08
|
Revenue:$54.04M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $89.61M-5.3%
    |
    EPS: $1.14-378.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $87.13M+73.9%
    |
    EPS: $1.01+36.5%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $60.94M+24.5%
    |
    EPS: $0.94+14.6%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $284.09M+63.0%
    |
    EPS: $1.49-56.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $94.59M+113.5%
    |
    EPS: $-0.41-147.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $50.11M+14.5%
    |
    EPS: $0.74-22.1%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $48.93M+22.1%
    |
    EPS: $0.82-6.8%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 14, 2024|
    Revenue: $174.30M+29.8%
    |
    EPS: $3.45+65.1%
    Beat