Orrstown Q1 net income rises 20.8% to $21.8 million
Orrstown Financial Services, Inc.
Orrstown Financial Services, Inc. ORRF | 0.00 |
- Orrstown Financial Services posted net income of $21.8 million for three months ended March 31, 2026, up 20.8%, with diluted EPS rising to $1.12.
- Net interest income edged up to $49 million, while taxable-equivalent net interest margin narrowed 10 basis points to 3.9%.
- Provision for credit losses swung to expense of $352,000, compared with a recovery a year earlier.
- Noninterest income climbed 34% to $15.6 million, helped by $2.4 million of death benefits from life insurance contracts; noninterest expense fell 3.8% to $36.7 million as merger-related costs dropped to none.
- Total deposits rose to $4.6 billion at March 31, 2026, while FHLB advances fell to $206.4 million as the bank used deposit liquidity to fund operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orrstown Financial Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-032835), on May 08, 2026, and is solely responsible for the information contained therein.
