ORRSTOWN FINANCIAL SERVICES INC

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.

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.

Orrstown Financial Services, Inc. announced it will release its second quarter 2026 earnings after the market closes on Tuesday, July 21, 2026. Following the release, management will host a conference call and webcast to discuss the results on Wednesday, July 22, 2026, at 9:00 am ET. Interested parties can access the webcast online or join the conference call via telephone using the provided dial-in details and conference ID.

Orrstown Financial Services disclosed a cybersecurity incident experienced by a third-party vendor, which resulted in unauthorized access to sensitive personal information of some of its customers. The company's internal systems were not compromised, and the incident is not expected to materially impact its operations or financial condition, though affected customers will be notified and offered credit monitoring. Separately, Orrstown Financial announced it will redeem its $31,000,000 outstanding 4.5% Fixed-to-Floating Rate Subordinated Notes due 2030 on June 30, 2026, at 100% of the principal amount plus accrued interest.

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%.

Orrstown Financial Services announced the election of Adam L. Metz as President, Chief Executive Officer, and Director of the Company and Orrstown Bank, effective upon the retirement of Thomas R. Quinn, Jr. on June 1, 2026. Mr. Metz, who joined the company in 2016, previously served as Senior Executive Vice President and Chief Operating Officer. Additionally, at its annual meeting, shareholders elected four Class A directors, approved the Say-On-Pay proposal, and ratified Crowe LLP as the independent auditor for 2026.

Orrstown Financial Services, Inc. announced it will hold its virtual annual shareholders meeting on May 5, 2026. During the meeting, the company plans to provide a presentation to attendees regarding various matters impacting the company and its operating results. A copy of this presentation is included as Exhibit 99 to the Current Report on Form 8-K.

Orrstown Financial Services, Inc. reported strong first-quarter 2026 results, with net income reaching $21.8 million, or $1.12 per diluted share. This represents an increase from the previous quarter's net income of $21.5 million and diluted EPS of $1.11. The company also declared a cash dividend of $0.30 per common share, payable on May 12, 2026, to shareholders of record as of May 5, 2026.

Orrstown Financial Services, Inc. announced it will release its first quarter 2026 earnings after market close on Tuesday, April 21, 2026. Following the release, management will host a conference call and webcast to review the quarterly results on Wednesday, April 22, 2026, at 9:00 am ET. Details for accessing the webcast and telephone conference, including a recorded playback option, were provided.