Quarterly ResultOct 21, 2026, 08:01 AM
Orrstown Financial Services Q3 Net Income $22.8M, EPS $1.17; Dividend $0.30
AI Summary
Orrstown Financial Services, Inc. reported its third quarter 2026 results, with net income increasing to $22.8 million, or $1.17 per diluted share, compared to $21.2 million, or $1.09 per diluted share, in the second quarter. The company saw a significant improvement in its net interest margin, which rose by 25 basis points to 4.12%, and an increase in total loans by 9% annualized. The efficiency ratio also improved to 56.0%. Additionally, the Board of Directors declared a cash dividend of $0.30 per common share.
Key Highlights
- Orrstown Financial Services reported Q3 2026 net income of $22.8 million, or $1.17 per diluted share, up from $21.2 million, or $1.09 per diluted share, in Q2 2026.
- Net interest margin increased 25 basis points to 4.12% in Q3 2026 compared to 3.87% in Q2 2026.
- Return on average assets was 1.60% and return on average equity was 14.62% for Q3 2026.
- Total loans increased by $95.3 million (9% annualized) from June 30, 2026, to September 30, 2026.
- Total deposits decreased by $38.1 million (3% annualized) from June 30, 2026, to September 30, 2026.
- Efficiency ratio improved to 56.0% in Q3 2026 from 60.1% in Q2 2026.
- The Board of Directors declared a cash dividend of $0.30 per common share, payable November 10, 2026.
Price Impact
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