Quarterly ResultMay 8, 2026, 04:09 PM
Orrstown Q1 Net Income Up 20.8% to $21.8M; EPS $1.13
AI Summary
Orrstown Financial Services reported a strong first quarter for 2026, with net income increasing by 20.8% to $21.8 million and basic earnings per share rising to $1.13. The company also increased its quarterly dividend per share by 15.4% to $0.30. This performance was supported by a 0.5% increase in net interest income and a significant 34.0% jump in total noninterest income, while total noninterest expenses decreased by 3.8%.
Key Highlights
- Net income increased 20.8% to $21.8 million for Q1 2026, up from $18.1 million in Q1 2025.
- Basic earnings per share rose 20.2% to $1.13 in Q1 2026, compared to $0.94 in Q1 2025.
- Diluted earnings per share increased 20.4% to $1.12 in Q1 2026, up from $0.93 in Q1 2025.
- Dividends paid per share grew 15.4% to $0.30 in Q1 2026, from $0.26 in Q1 2025.
- Net interest income saw a slight increase of 0.5% to $49.0 million in Q1 2026.
- Total noninterest income surged 34.0% to $15.6 million in Q1 2026.
- Total noninterest expenses decreased 3.8% to $36.7 million in Q1 2026.
- Total assets reached $5.58 billion as of March 31, 2026, up from $5.54 billion at December 31, 2025.
Price Impact
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