10-K · March 12, 2026
Orrstown’s 2025 Form 10‑K emphasizes continued community-banking focus and geographic expansion following the July 1, 2024 Codorus Valley merger (transaction valued at $233.4 million). The company reports scale of $5.5…
Earnings analysis · 10-Q
ORRF earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Orrstown Financial Services (ORRF) reported a decline in revenue to $49.0 million for Q1 2026, missing expectations, while EPS rose to $1.12, outperforming consensus. The company indicated strong noninterest income…
Read full summary
Orrstown Financial Services (ORRF) reported a decline in revenue to $49.0 million for Q1 2026, missing expectations, while EPS rose to $1.12, outperforming consensus. The company indicated strong noninterest income growth, driven largely by increased service and swap fee income, but faced challenges from rising credit provisions and a decline in net interest margins.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.12
- Segment
- Community Banking
What stood out
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EPS Beats Expectations
Diluted EPS increased to $1.12 compared to $0.93 in Q1 2025, beating estimates by 8.74%.
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Significant Increase in Noninterest Income
Noninterest income rose 34% to $15.6 million from $11.6 million a year earlier, primarily due to higher swap fees and insurance income.
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Rise in Net Income
Net income increased to $21.8 million in Q1 2026, up from $18.1 million in Q1 2025.
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Improvements in Cash Position
Cash and cash equivalents increased by $11.4 million to $161.1 million compared to $149.8 million at December 31, 2025.
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Strong Dividend Declaration
Declared cash dividend of $0.30 per share for Q1 2026, up from $0.26 in Q1 2025.
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Reduction in Noninterest Expenses
Noninterest expenses fell to $36.7 million from $38.2 million in Q1 2025, reflecting cost efficiencies post-merger.
What to watch
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Revenue Missed Consensus
Q1 2026 revenue of $49.0 million fell short of the expected $55.64 million, reflecting challenges in net interest income.
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Credit Loss Provisions Increased
Provision for credit losses increased to $728 thousand in Q1 2026 from a recovery of $554 thousand in Q1 2025.
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Rising Net Interest Margin Pressure
Net interest margin decreased to 3.90% from 4.00% in Q1 2025, indicating pressure from rising interest rates.
Management's outlook
No numeric guidance provided; management indicates ongoing evaluation of market conditions.
Earlier filings 4
10-Q · November 6, 2025
Orrstown reported a strong Q3: net income of $21,865,000 and diluted EPS of $1.13 (vs. loss of $7,903,000 and diluted (loss) EPS $(0.41) in Q3 2024). Net interest income was $50,988,000 and noninterest income rose to…
10-Q · May 9, 2025
Orrstown reported a strong quarter: net income rose to $18,051,000 (Q1 2025) from $8,531,000 (Q1 2024) and diluted EPS increased to $0.93 from $0.81. Net interest income expanded to $48,761,000 and noninterest income…
10-Q · November 12, 2024
Orrstown reported strong balance-sheet expansion driven by the July 1, 2024 acquisition of Codorus Valley, with total assets rising to $5,470,589 and deposits to $4,650,853 at September 30, 2024. However, Q3 results…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.