Quarterly ResultJul 21, 2026, 04:08 PM
Orrstown Financial Q2 Net Income $21.2M; EPS $1.09; Dividend $0.30
AI Summary
Orrstown Financial Services reported net income of $21.2 million, or $1.09 per diluted share, for the second quarter of 2026, a slight decrease from the previous quarter but an increase year-over-year. The company redeemed $31.0 million in subordinated notes and saw strong loan growth, alongside improved credit quality metrics. The Board of Directors also declared a cash dividend of $0.30 per common share.
Key Highlights
- Net income was $21.2 million, or $1.09 per diluted share, for Q2 2026.
- Declared a cash dividend of $0.30 per common share, payable August 11, 2026.
- Redeemed $31.0 million in subordinated notes on June 30, 2026.
- Total loans increased by $51.7 million, or approximately 5% annualized.
- Nonaccrual loans decreased by $6.2 million to 0.58% of total loans.
- Tangible book value per common share increased to $26.71 at June 30, 2026.
- Net interest margin, on a tax equivalent basis, was 3.87%; 4.00% excluding amortization.
- Wealth management income increased by $0.3 million to $5.9 million.
Price Impact
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