Recent Updates — ORRF
July 22, 2026View Source ↗
Orrstown Financial Services, Inc. reported second quarter 2026 net income of $21.2 million, or $1.09 per diluted share, compared to $21.8 million or $1.12 per diluted share in the first quarter. The company redeemed $31.0 million in subordinated notes on June 30, 2026, resulting in a $1.6 million fair value mark amortization. Total loans increased by $51.7 million to $4.1 billion, while nonaccrual loans decreased to 0.58% of total loans. The Board declared a cash dividend of $0.30 per common share. Tangible common equity increased to 9.5% of total tangible assets. The company operates in the financial services industry as the parent company of Orrstown Bank.