Financial Services -
Banks - Regional - NASDAQ - US
$ 29.765
-1.03 %
$ 581 M
Market Cap
18.66
P/E
1. INTRINSIC VALUE
Balance Sheet
Orrstown Financial Services, Inc.
| Current Assets | 259 M |
| Cash & Short-Term Investments | 238 M |
| Receivables | 21.1 M |
| Other Current Assets | 0 |
| Non-Current Assets | 5.19 B |
| Long-Term Investments | 0 |
| PP&E | 50.2 M |
| Other Non-Current Assets | 5.14 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 4.91 B |
| Long-Term Debt | 184 M |
| Other Non-Current Liabilities | 4.73 B |
EFFICIENCY
Earnings Waterfall
Orrstown Financial Services, Inc.
| Revenue | 176 M |
| Cost Of Revenue | 0 |
| Gross Profit | 176 M |
| Operating Expenses | 99.2 M |
| Operating Income | 77 M |
| Other Expenses | 54.9 M |
| Net Income | 22 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Orrstown Financial Services, Inc.
| Net Income | 22 M |
| Depreciation & Amortization | 9.69 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 8.72 M |
| Change in Working Capital | 0 |
| Others | -5.55 M |
| Free Cash Flow | 33.4 M |
Wall Street Analysts Price Targets
Orrstown Financial Services, Inc.
ORRF has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.87%
DIVIDEND YIELD
0.26 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Orrstown Financial Services, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
425 K USD 2
9-12 MONTHS
0 USD 0
Bought
201 K USD 3
0-3 MONTHS
108 K USD 2
3-6 MONTHS
23.5 K USD 2
6-9 MONTHS
42.2 K USD 2
9-12 MONTHS
7. News
Orrstown Financial Services, Inc. (ORRF) Q1 2025 Earnings Call Transcript
Orrstown Financial Services, Inc. (NASDAQ:ORRF ) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Tom Quinn - President and CEO Adam Metz - Senior Executive Vice President and COO Neel Kalani - EVP and CFO Bob Coradi - CRO David Chajkowski - Chief Credit Officer Conference Call Participants David Long - Raymond James John Schneider - Hovde Group Tim Switzer - KBW Gregory Zingone - Piper Sandler Dan Cardenas - Janney Montgomery Scott Operator Good morning. My name is Julieann, and I will be your conference operator today.
seekingalpha.com
- 3 weeks ago
Orrstown (ORRF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Orrstown (ORRF) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 weeks ago
Orrstown Financial Services (ORRF) Q1 Earnings Beat Estimates
Orrstown Financial Services (ORRF) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.88 per share a year ago.
zacks.com
- 4 weeks ago
Orrstown Financial Services, Inc. Reports First Quarter 2025 Results
Net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025 compared to net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024; the first quarter of 2025 included $1.6 million in expenses related to the merger compared to $3.9 million in expenses related to the merger and $0.5 million for a legal settlement for the fourth quarter of 2024; Excluding the impact of the non-recurring charges referenced above, net of taxes, net income and diluted earnings per share were $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025 compared to $16.7 million(1) and $0.87(1), respectively, for the fourth quarter of 2024; Net interest margin, on a tax equivalent basis, was 4.00% in the first quarter of 2025 compared to 4.05% in the fourth quarter of 2024; the net accretion impact of purchase accounting marks was $6.9 million of net interest income, which represents 51 basis points of net interest margin for the first quarter of 2025 compared to $7.2 million of net interest income, which represents 52 basis points of net interest margin for the fourth quarter of 2024; Return on average assets was 1.35% and return on average equity was 13.98% for the three months ended March 31, 2025, compared to 1.00% and 10.54% for the return on average assets and return on average equity, respectively, for the three months ended December 31, 2024; Excluding the impact of non-recurring charges referenced above, net of taxes, adjusted return on average assets was 1.45%(1) and adjusted return on average equity was 14.97%(1) for the three months ended March 31, 2025 compared to 1.22% and 12.86%, respectively, for the three months ended December 31, 2024; Commercial loans declined by $49.7 million, or 2%, from December 31, 2024 to March 31, 2025 due primarily to strategic actions to reduce risk in the portfolio in an uncertain economic environment, including reducing commercial real estate ("CRE") loan concentrations; Noninterest expense decreased by $4.7 million from $42.9 million for the three months ended December 31, 2024 to $38.2 million for the three months ended March 31, 2025; salaries and benefits expense declined by $2.0 million from the fourth quarter of 2024 to the first quarter of 2025; merger-related expenses decreased by $2.3 million; Recovery of $0.6 million was recorded for the provision for credit losses for the three months ended March 31, 2025 compared to expense of $2.1 million for the three months ended December 31, 2024; the decrease in loans contributed to the negative provision for credit losses during the first quarter of 2025; during the fourth quarter of 2024, the provision was driven by charge-offs of $3.0 million; Total risk-based capital ratio was 13.1% at March 31, 2025 compared to 12.4% at December 31, 2024; the Tier 1 leverage ratio increased to 8.6% at March 31, 2025 compared to 8.3% at December 31, 2024; all capital ratios applicable to the Company were above relevant regulatory minimum levels to be deemed "well capitalized" under current bank regulatory guidelines; Tangible common equity increased to 7.9% at March 31, 2025 compared to 7.5% at December 31, 2024; Tangible book value per common share(1) increased to $21.99 per share at March 31, 2025 compared to $21.19 per share at December 31, 2024; The Board of Directors declared a cash dividend of $0.26 per common share, payable May 13, 2025, to shareholders of record as of May 6, 2025. (1) Non-GAAP measure.
globenewswire.com
- 4 weeks ago
Orrstown Financial Services, Inc. Announces Date of First Quarter 2025 Earnings Release, Conference Call and Webcast
HARRISBURG, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report first quarter 2025 earnings at the close of business on Tuesday, April 22, 2025 and that management will host a conference call and webcast to review the Company's quarterly results on Wednesday, April 23, 2025 at 9:00 am ET. The conference call and webcast details are below:
globenewswire.com
- 1 month ago
Orrstown Financial Services (ORRF) Earnings Expected to Grow: Should You Buy?
Orrstown (ORRF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Orrstown Financial Services, Inc. Announces Promotion of Adam Metz to Senior Executive Vice President and Chief Operating Officer
HARRISBURG, Pa., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) (the “Company”) today announced that Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the "Bank"), effective immediately, with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn's retirement on May 25, 2026.
globenewswire.com
- 3 months ago
23 Upcoming Dividend Increases, Including 2 Kings
Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indicate financial health, attracting investors and boosting stock prices, leading to long-term wealth accumulation. Investment strategy focuses on stocks with rising dividends and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
seekingalpha.com
- 3 months ago
Orrstown Financial Services, Inc. Announces Appointment of Barbara Brobst to the Board of Directors
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) (the “Company”) today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025.
globenewswire.com
- 3 months ago
Orrstown Financial Services (ORRF) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Orrstown Financial Services (ORRF) have what it takes?
zacks.com
- 3 months ago
Orrstown Financial Services (ORRF) Q4 Earnings and Revenues Miss Estimates
Orrstown Financial Services (ORRF) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.83 per share a year ago.
zacks.com
- 3 months ago
Orrstown Financial Services, Inc. Reports Fourth Quarter 2024 Results
Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024; Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively, were $16.7 million(1) and $0.87(1) for the fourth quarter of 2024 compared to adjusted net income and diluted earnings per share of $21.4 million(1) and $1.11(1), respectively; The Board of Directors declared a cash dividend of $0.26 per common share, payable February 21, 2025, to shareholders of record as of February 14, 2025; this represents an increase in the Company's quarterly cash dividend of $0.03 per share, or 13%; The previously announced cost save target of 18% has been achieved for the go-forward operating run rate as of December 31, 2024; With the core conversion being completed in November 2024, the fourth quarter results reflected several ongoing activities associated with the conversion and the transitional period; the fourth quarter also included elevated salaries and employee benefit expenses due to year end performance-based incentive accruals; Net interest margin, on a tax equivalent basis, was 4.05% in the fourth quarter of 2024 compared to 4.14% in the third quarter of 2024; the net accretion impact of purchase accounting marks was $7.2 million of net interest income, which represents 52 basis points of net interest margin for the fourth quarter of 2024 compared to $5.8 million of net interest income, which represents 42 basis points of net interest margin, for the third quarter of 2024; Commercial loans declined by $59.5 million, or 2%, from September 30, 2024 to December 31, 2024 due primarily to strategic actions to reduce risk in the portfolio, including reducing commercial real estate ("CRE") loan concentrations; a pool of mostly commercial and industrial loans totaling $6.0 million was sold, including $2.6 million of nonaccrual loans; total classified loans declined by $16.9 million during the fourth quarter of 2024; Noninterest income decreased by $1.2 million to $11.2 million in the three months ended December 31, 2024 compared to $12.4 million in the three months ended September 30, 2024; this reduction was driven by certain courtesy fee waivers provided to clients as well as tax credits recognized in the third quarter of 2024 that did not recur in the fourth quarter; The provision for credit losses was $1.8 million for the three months ended December 31, 2024, inclusive of a charge-off of $2.4 million for one commercial and industrial (C&I) relationship and charge-offs associated with the loan sale of $0.6 million, which was offset by the acceleration of a purchase mark for the same amount; Tangible book value per common share(1) increased to $21.19 per share at December 31, 2024 compared to $21.12 per share at September 30, 2024. (1) Non-GAAP measure.
globenewswire.com
- 3 months ago
8. Profile
Summary
Orrstown Financial Services, Inc. ORRF
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 581 M
Dividend Yield
0.87%
Description
Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It 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 comprising 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, the company provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary services under the Orrstown Financial Advisors name; and offers retail brokerage services through a third-party broker/dealer arrangement. Further, it offers investment advisory, insurance, and brokerage services. The company operates through offices in 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. Orrstown Financial Services, Inc. was founded in 1919 and is based in Shippensburg, Pennsylvania.
Contact
77 East King Street, Shippensburg, PA, 17257
https://www.orrstown.com
IPO
Date
May 13, 1999
Employees
607
Officers
Christopher Orr
Executive Vice President & Chief Information Officer
Mr. Thomas Rodney Quinn Jr.
President, Chief Executive Officer & Director
Mr. Sean P. Mulcahy CPA
Senior Vice President & Chief Accounting Officer
Ms. Amy L. Doll
Executive Vice President & Chief Administrative Officer
Benjamin Colvard
Executive Vice President & Chief Operations Officer
Mr. Robert G. Coradi
Executive Vice President, Chief Risk Officer & Secretary
Mr. Matthew Dyckman
Executive Vice President & General Counsel
Mr. Neelesh Kalani CPA
Executive Vice President, Chief Financial Officer & Head of Investor Relations
Mr. Adam L. Metz
Senior EVice President & Chief Operating Officer
Mr. Christopher D. Holt
Executive Vice President & Market President for the Maryland Region