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Orrstown Financial Services (ORRF) Financials

Orrstown Financial Services logo
$33.71 -0.22 (-0.65%)
Closing price 10/7/2025 04:00 PM Eastern
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$33.71 0.00 (0.00%)
As of 10/7/2025 04:04 PM Eastern
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Annual Income Statements for Orrstown Financial Services

Annual Income Statements for Orrstown Financial Services

This table shows Orrstown Financial Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 22 36 22
Consolidated Net Income / (Loss)		 22 36 22
Net Income / (Loss) Continuing Operations		 22 36 22
Total Pre-Tax Income 		27 45 28
Total Revenue		 127 131 193
Net Interest Income / (Expense)		 100 105 155
Total Interest Income		 109 150 249
Loans and Leases Interest Income		 94 127 210
Investment Securities Interest Income		 15 23 39
Total Interest Expense		 9.02 45 94
Deposits Interest Expense		 6.34 38 84
Short-Term Borrowings Interest Expense		 0.04 0.11 0.22
Long-Term Debt Interest Expense		 2.64 7.37 9.23
Total Non-Interest Income		 27 26 37
Trust Fees by Commissions		 3.62 3.65 4.85
Service Charges on Deposit Accounts		 3.83 3.95 5.33
Other Service Charges		 5.23 3.46 4.55
Net Realized & Unrealized Capital Gains on Investments		 -0.16 -0.05 0.25
Investment Banking Income		 7.63 7.69 12
Other Non-Interest Income		 6.80 6.95 11
Provision for Credit Losses		 4.19 1.68 17
Total Non-Interest Expense		 96 84 148
Salaries and Employee Benefits		 48 51 77
Net Occupancy & Equipment Expense		 14 15 21
Marketing Expense		 2.26 2.16 2.59
Property & Liability Insurance Claims		 14 1.96 3.16
Other Operating Expenses		 13 12 17
Amortization Expense		 1.11 0.95 5.74
Restructuring Charge		 3.16 1.06 23
Income Tax Expense		 4.58 9.37 5.76
Basic Earnings per Share		 $2.09 $3.45 $1.49
Weighted Average Basic Shares Outstanding		 10.73M 10.71M 19.51M
Diluted Earnings per Share		 $2.06 $3.42 $1.48
Weighted Average Diluted Shares Outstanding		 10.73M 10.71M 19.51M
Weighted Average Basic & Diluted Shares Outstanding		 10.73M 10.71M 19.51M
Cash Dividends to Common per Share		 $0.76 $0.80 $0.86

Quarterly Income Statements for Orrstown Financial Services

This table shows Orrstown Financial Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -4.83 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -7.90 14
Consolidated Net Income / (Loss)		 -4.83 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -7.90 14
Net Income / (Loss) Continuing Operations		 -4.83 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -7.90 14
Total Pre-Tax Income 		-6.40 12 11 12 12 9.70 11 9.82 -9.90 17
Total Revenue		 32 34 32 34 32 33 34 33 64 62
Net Interest Income / (Expense)		 25 27 26 26 26 26 27 26 52 51
Total Interest Income		 27 32 34 37 39 40 43 43 83 80
Loans and Leases Interest Income		 23 27 29 31 33 34 36 36 71 68
Investment Securities Interest Income		 4.27 5.12 5.53 5.70 5.95 6.12 6.42 7.74 12 12
Total Interest Expense		 1.96 4.61 7.98 11 12 14 16 17 31 29
Deposits Interest Expense		 1.37 3.58 6.20 8.61 11 12 14 15 29 27
Short-Term Borrowings Interest Expense		 0.01 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.10 0.07
Long-Term Debt Interest Expense		 0.58 1.01 1.76 1.89 1.86 1.86 2.23 1.89 2.59 2.53
Total Non-Interest Income		 6.06 6.23 6.08 7.16 5.93 6.49 6.63 7.17 12 11
Trust Fees by Commissions		 0.95 0.76 0.86 0.90 0.97 0.92 1.08 1.18 1.28 1.32
Service Charges on Deposit Accounts		 0.98 0.97 0.96 0.98 1.02 0.98 1.01 1.02 1.80 1.50
Other Service Charges		 1.56 -0.29 0.34 1.60 0.64 0.88 0.53 0.88 1.72 1.43
Net Realized & Unrealized Capital Gains on Investments		 -0.01 0.00 -0.01 -0.00 0.00 -0.04 -0.01 -0.01 0.27 -0.01
Investment Banking Income		 2.01 1.78 1.89 1.93 1.85 2.02 2.02 2.13 3.76 3.59
Other Non-Interest Income		 0.58 3.01 2.03 1.75 1.44 1.72 2.00 1.98 3.56 3.42
Provision for Credit Losses		 1.50 0.61 0.73 0.40 0.14 0.42 0.30 0.81 14 1.76
Total Non-Interest Expense		 36 21 20 21 20 22 22 23 60 43
Salaries and Employee Benefits		 13 13 12 13 13 13 14 13 27 22
Net Occupancy & Equipment Expense		 3.57 3.59 3.55 3.47 3.71 3.78 3.90 3.94 6.38 6.43
Marketing Expense		 0.28 0.75 0.41 0.92 0.33 0.50 0.40 0.77 0.54 0.88
Property & Liability Insurance Claims		 13 0.32 0.50 0.52 0.48 0.46 0.44 0.42 0.86 1.43
Other Operating Expenses		 3.14 3.64 3.35 2.55 2.82 3.51 3.08 2.96 5.63 4.98
Amortization Expense		 0.27 0.26 0.25 0.24 0.23 0.24 0.23 0.22 2.46 2.84
Restructuring Charge		 3.16 - 0.00 0.00 0.00 1.06 0.67 1.14 17 3.93
Income Tax Expense		 -1.57 2.26 2.23 2.55 2.54 2.06 2.21 2.09 -1.99 3.45
Basic Earnings per Share		 ($0.47) $0.95 $0.88 $0.95 $0.87 $0.75 $0.82 $0.74 ($0.41) $0.34
Weighted Average Basic Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Diluted Earnings per Share		 ($0.47) $0.94 $0.87 $0.94 $0.87 $0.74 $0.81 $0.73 ($0.41) $0.35
Weighted Average Diluted Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Weighted Average Basic & Diluted Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Cash Dividends to Common per Share		 $0.19 $0.19 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.23 $0.23

Annual Cash Flow Statements for Orrstown Financial Services

This table details how cash moves in and out of Orrstown Financial Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -148 4.34 184
Net Cash From Operating Activities		 36 44 35
Net Cash From Continuing Operating Activities		 36 44 35
Net Income / (Loss) Continuing Operations		 22 36 22
Consolidated Net Income / (Loss)		 22 36 22
Provision For Loan Losses		 17 1.68 17
Depreciation Expense		 4.62 4.34 9.69
Amortization Expense		 1.89 2.04 -13
Non-Cash Adjustments to Reconcile Net Income		 65 22 48
Changes in Operating Assets and Liabilities, net		 -75 -22 -49
Net Cash From Investing Activities		 -271 -153 61
Net Cash From Continuing Investing Activities		 -271 -153 61
Purchase of Property, Leasehold Improvements and Equipment		 -0.90 -2.29 -1.58
Acquisitions		 0.00 -18 0.00
Purchase of Investment Securities		 -358 -48 -248
Divestitures		 0.00 0.00 45
Sale and/or Maturity of Investments		 87 -85 265
Net Cash From Financing Activities		 87 114 88
Net Cash From Continuing Financing Activities		 87 114 88
Net Change in Deposits		 11 101 117
Issuance of Debt		 0.00 25 0.00
Issuance of Common Equity		 0.13 0.14 0.27
Repayment of Debt		 98 -1.46 -14
Repurchase of Common Equity		 -14 -2.59 0.00
Payment of Dividends		 -8.26 -8.49 -13
Other Financing Activities, Net		 -0.29 -0.38 -1.85
Cash Interest Paid		 8.72 43 93
Cash Income Taxes Paid		 4.90 7.45 9.63

Quarterly Cash Flow Statements for Orrstown Financial Services

This table details how cash moves in and out of Orrstown Financial Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -45 -6.10 38 -22 19 -30 118 -50 104 12
Net Cash From Operating Activities		 12 -1.57 5.41 16 8.35 14 13 6.43 7.50 8.36
Net Cash From Continuing Operating Activities		 12 -1.59 5.41 16 8.35 14 13 6.43 7.50 8.36
Net Income / (Loss) Continuing Operations		 -4.83 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -7.90 14
Consolidated Net Income / (Loss)		 -4.83 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -7.90 14
Provision For Loan Losses		 15 0.59 0.73 0.40 0.14 0.42 0.30 0.81 14 2.23
Depreciation Expense		 1.16 1.08 1.06 1.05 1.08 1.15 1.07 1.06 3.66 3.90
Amortization Expense		 0.78 0.57 0.44 0.54 0.56 0.51 0.45 0.39 -6.36 -7.00
Non-Cash Adjustments to Reconcile Net Income		 14 -3.10 9.13 4.00 4.73 4.60 13 7.92 17 9.71
Changes in Operating Assets and Liabilities, net		 -13 -10 -15 0.42 -7.18 -0.62 -11 -11 -12 -14
Net Cash From Investing Activities		 -79 -73 -57 -37 -34 -26 -9.38 -64 102 32
Net Cash From Continuing Investing Activities		 -79 -73 -57 -37 -34 -26 -9.38 -64 102 32
Purchase of Property, Leasehold Improvements and Equipment		 -0.33 -0.09 -0.25 -1.26 -0.27 -0.52 -0.06 -0.04 -0.36 -1.12
Purchase of Investment Securities		 -88 -109 -66 -28 -65 110 -28 -77 -133 -9.71
Sale and/or Maturity of Investments		 9.26 35 9.24 10 31 -136 19 13 190 43
Net Cash From Financing Activities		 22 69 89 -1.55 44 -18 114 7.29 -5.19 -29
Net Cash From Continuing Financing Activities		 22 69 89 -1.55 44 -18 114 7.29 -5.19 -29
Net Change in Deposits		 27 -30 39 26 23 12 137 6.93 1.33 -29
Repayment of Debt		 -0.11 99 -0.11 -11 23 -13 0.00 -18 -0.64 3.93
Payment of Dividends		 -2.03 -2.02 -2.13 -2.12 -2.12 -2.12 -2.12 -2.14 -4.46 -4.46
Other Financing Activities, Net		 -0.03 -0.02 -0.38 - - - -0.64 -0.03 -1.61 0.43
Cash Interest Paid		 1.52 4.80 7.05 11 12 13 16 17 30 30
Cash Income Taxes Paid		 1.68 1.50 - - 2.80 2.70 - - 2.20 2.80

Annual Balance Sheets for Orrstown Financial Services

This table presents Orrstown Financial Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,922 3,064 5,442
Cash and Due from Banks		 28 33 51
Interest Bearing Deposits at Other Banks		 32 33 198
Trading Account Securities		 514 514 830
Loans and Leases, Net of Allowance		 2,126 2,270 3,883
Loans and Leases		 2,151 2,298 3,931
Allowance for Loan and Lease Losses		 25 29 49
Loans Held for Sale		 11 5.82 6.61
Premises and Equipment, Net		 29 29 50
Goodwill		 19 19 68
Intangible Assets		 3.08 2.41 48
Other Assets		 160 160 308
Total Liabilities & Shareholders' Equity		 2,922 3,064 5,442
Total Liabilities		 2,694 2,799 4,925
Non-Interest Bearing Deposits		 494 431 894
Interest Bearing Deposits		 1,982 2,128 3,729
Federal Funds Purchased and Securities Sold		 17 9.79 26
Long-Term Debt		 138 170 184
Other Long-Term Liabilities		 62 61 92
Total Equity & Noncontrolling Interests		 229 265 517
Total Preferred & Common Equity		 229 265 517
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 229 265 517
Common Stock		 190 190 424
Retained Earnings		 92 118 127
Treasury Stock		 -14 -14 -7.84
Accumulated Other Comprehensive Income / (Loss)		 -40 -28 -26

Quarterly Balance Sheets for Orrstown Financial Services

This table presents Orrstown Financial Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 2,852 3,012 3,008 3,054 3,183 3,199 5,471
Cash and Due from Banks		 34 28 32 35 24 36 65
Interest Bearing Deposits at Other Banks		 32 71 44 60 159 97 172
Trading Account Securities		 504 520 509 495 515 529 827
Loans and Leases, Net of Allowance		 -25 2,179 2,206 2,239 2,274 2,318 3,932
Loans and Leases		 - 2,208 2,234 2,267 2,303 2,348 3,981
Allowance for Loan and Lease Losses		 25 28 28 28 29 30 50
Loans Held for Sale		 10 7.34 6.45 6.45 0.54 1.56 3.56
Premises and Equipment, Net		 31 29 30 29 29 28 50
Goodwill		 19 19 19 19 19 19 71
Intangible Assets		 3.34 2.83 2.59 2.65 2.19 1.97 46
Other Assets		 2,243 2,335 160 169 161 169 305
Total Liabilities & Shareholders' Equity		 2,852 3,012 3,008 3,054 3,183 3,199 5,471
Total Liabilities		 2,635 2,771 2,763 2,811 2,912 2,920 4,954
Non-Interest Bearing Deposits		 562 489 466 435 419 425 815
Interest Bearing Deposits		 1,944 2,027 2,057 2,111 2,277 2,278 3,835
Federal Funds Purchased and Securities Sold		 - 14 16 18 12 15 22
Long-Term Debt		 34 194 169 189 147 147 184
Other Long-Term Liabilities		 74 47 55 58 56 56 98
Commitments & Contingencies		 - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 217 240 246 243 272 278 516
Total Preferred & Common Equity		 217 240 246 243 272 278 516
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 217 240 246 243 272 278 516
Common Stock		 189 188 188 189 188 188 423
Retained Earnings		 85 98 105 112 124 130 117
Treasury Stock		 -13 -13 -14 -14 -12 -11 -8.42
Accumulated Other Comprehensive Income / (Loss)		 -43 -33 -34 -44 -29 -28 -16

Annual Metrics And Ratios for Orrstown Financial Services

This table displays calculated financial ratios and metrics derived from Orrstown Financial Services' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 9.00% 3.14% 47.59%
EBITDA Growth		 -27.61% 55.19% -51.43%
EBIT Growth		 -34.92% 69.20% -38.25%
NOPAT Growth		 -32.98% 61.83% -38.17%
Net Income Growth		 -32.98% 61.83% -38.17%
EPS Growth		 -30.41% 66.02% -56.73%
Operating Cash Flow Growth		 -11.32% 20.75% -20.00%
Free Cash Flow Firm Growth		 -127.14% -96.97% -664.38%
Invested Capital Growth		 11.63% 18.41% 61.22%
Revenue Q/Q Growth		 3.11% -0.91% 17.94%
EBITDA Q/Q Growth		 11.82% -4.10% 12.04%
EBIT Q/Q Growth		 14.59% -4.64% 36.50%
NOPAT Q/Q Growth		 15.27% -5.27% 37.74%
Net Income Q/Q Growth		 15.27% -5.27% 37.74%
EPS Q/Q Growth		 19.77% -5.52% -20.86%
Operating Cash Flow Q/Q Growth		 -25.15% 53.67% -13.24%
Free Cash Flow Firm Q/Q Growth		 -120.99% 73.99% 3.04%
Invested Capital Q/Q Growth		 34.94% 0.52% 0.09%
Profitability Metrics		 - - -
EBITDA Margin		 26.17% 39.38% 12.96%
EBIT Margin		 21.03% 34.49% 14.43%
Profit (Net Income) Margin		 17.41% 27.32% 11.44%
Tax Burden Percent		 82.80% 79.19% 79.30%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 17.20% 20.81% 20.70%
Return on Invested Capital (ROIC)		 6.33% 8.90% 3.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.33% 8.90% 3.88%
Return on Net Nonoperating Assets (RNNOA)		 2.47% 5.54% 1.76%
Return on Equity (ROE)		 8.81% 14.44% 5.64%
Cash Return on Invested Capital (CROIC)		 -4.66% -7.96% -42.99%
Operating Return on Assets (OROA)		 0.92% 1.50% 0.65%
Return on Assets (ROA)		 0.77% 1.19% 0.52%
Return on Common Equity (ROCE)		 8.81% 14.44% 5.64%
Return on Equity Simple (ROE_SIMPLE)		 9.63% 13.45% 4.27%
Net Operating Profit after Tax (NOPAT)		 22 36 22
NOPAT Margin		 17.41% 27.32% 11.44%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.07% 51.81% 51.81%
Operating Expenses to Revenue		 75.66% 64.22% 76.98%
Earnings before Interest and Taxes (EBIT)		 27 45 28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 33 51 25
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.00 1.14 1.36
Price to Tangible Book Value (P/TBV)		 1.11 1.24 1.76
Price to Revenue (P/Rev)		 1.81 2.31 3.66
Price to Earnings (P/E)		 10.42 8.47 31.94
Dividend Yield		 3.53% 2.81% 2.37%
Earnings Yield		 9.60% 11.81% 3.13%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.94 0.91
Enterprise Value to Revenue (EV/Rev)		 2.43 3.11 3.32
Enterprise Value to EBITDA (EV/EBITDA)		 9.27 7.91 25.61
Enterprise Value to EBIT (EV/EBIT)		 11.53 9.03 23.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.93 11.40 29.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.48 9.30 18.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.60 0.64 0.36
Long-Term Debt to Equity		 0.60 0.64 0.36
Financial Leverage		 0.39 0.62 0.45
Leverage Ratio		 11.50 12.12 10.88
Compound Leverage Factor		 11.50 12.12 10.88
Debt to Total Capital		 37.64% 39.02% 26.26%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 37.64% 39.02% 26.26%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 62.36% 60.98% 73.74%
Debt to EBITDA		 4.17 3.30 7.37
Net Debt to EBITDA		 2.33 2.03 -2.60
Long-Term Debt to EBITDA		 4.17 3.30 7.37
Debt to NOPAT		 6.27 4.76 8.35
Net Debt to NOPAT		 3.51 2.93 -2.94
Long-Term Debt to NOPAT		 6.27 4.76 8.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -16 -32 -244
Operating Cash Flow to CapEx		 4,043.80% 1,905.84% 2,209.80%
Free Cash Flow to Firm to Interest Expense		 -1.80 -0.71 -2.60
Operating Cash Flow to Interest Expense		 4.01 0.97 0.37
Operating Cash Flow Less CapEx to Interest Expense		 3.91 0.92 0.36
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.05
Fixed Asset Turnover		 3.99 4.45 4.84
Capital & Investment Metrics		 - - -
Invested Capital		 367 435 701
Invested Capital Turnover		 0.36 0.33 0.34
Increase / (Decrease) in Invested Capital		 38 68 266
Enterprise Value (EV)		 307 406 639
Market Capitalization		 230 302 704
Book Value per Share		 $21.44 $24.97 $26.65
Tangible Book Value per Share		 $19.40 $22.98 $20.68
Total Capital		 367 435 701
Total Debt		 138 170 184
Total Long-Term Debt		 138 170 184
Net Debt		 77 104 -65
Capital Expenditures (CapEx)		 0.90 2.29 1.58
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 138 170 184
Total Depreciation and Amortization (D&A)		 6.51 6.38 -2.83
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.09 $3.45 $1.49
Adjusted Weighted Average Basic Shares Outstanding		 10.73M 10.71M 19.51M
Adjusted Diluted Earnings per Share		 $2.06 $3.42 $1.48
Adjusted Weighted Average Diluted Shares Outstanding		 10.73M 10.71M 19.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.73M 10.71M 19.51M
Normalized Net Operating Profit after Tax (NOPAT)		 25 37 40
Normalized NOPAT Margin		 19.47% 27.96% 20.90%
Pre Tax Income Margin		 21.03% 34.49% 14.43%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 2.95 1.00 0.30
NOPAT to Interest Expense		 2.44 0.79 0.24
EBIT Less CapEx to Interest Expense		 2.85 0.95 0.28
NOPAT Less CapEx to Interest Expense		 2.34 0.74 0.22
Payout Ratios		 - - -
Dividend Payout Ratio		 37.50% 23.79% 59.76%
Augmented Payout Ratio		 101.81% 31.04% 59.76%

Quarterly Metrics And Ratios for Orrstown Financial Services

This table displays calculated financial ratios and metrics derived from Orrstown Financial Services' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 11.47% 12.78% 7.74% 7.09% 2.00% -3.56% 3.52% -0.77% 99.36% 90.16%
EBITDA Growth		 -143.24% 34.85% 10.57% 12.85% 395.90% -16.21% -4.86% -19.31% -195.49% 23.65%
EBIT Growth		 -172.13% 39.85% 9.68% 15.28% 280.67% -18.42% -5.66% -20.68% -185.61% 76.67%
NOPAT Growth		 -162.28% 43.54% 9.42% 10.90% 301.50% -20.60% -6.83% -21.35% -176.75% 79.04%
Net Income Growth		 -167.13% 43.54% 9.42% 10.90% 286.95% -20.60% -6.83% -21.35% -187.56% 79.04%
EPS Growth		 -172.31% 56.67% 14.47% 13.25% 285.11% -21.28% -6.90% -22.34% -147.13% -52.70%
Operating Cash Flow Growth		 20.11% -114.78% -18.49% -12.91% -33.03% 974.58% 134.02% -60.39% -10.22% -38.96%
Free Cash Flow Firm Growth		 -62.41% -185.29% -280.13% -218.64% -382.31% -109.46% 121.63% 96.94% -81.43% -321.04%
Invested Capital Growth		 -17.60% 11.63% 38.74% 40.25% 58.96% 18.41% -3.62% 2.67% 61.91% 61.22%
Revenue Q/Q Growth		 0.64% 6.97% -3.97% 3.59% -4.14% 1.14% 3.08% -0.70% 92.59% -3.53%
EBITDA Q/Q Growth		 -136.02% 403.74% -4.83% 8.37% -5.55% -13.99% 8.06% -8.09% -211.78% 211.37%
EBIT Q/Q Growth		 -159.56% 285.79% -4.21% 8.75% -6.65% -16.11% 10.77% -8.56% -200.74% 273.13%
NOPAT Q/Q Growth		 -150.49% 314.90% -4.88% 7.45% -8.25% -15.32% 11.62% -9.30% -189.53% 297.52%
Net Income Q/Q Growth		 -154.42% 299.38% -4.88% 7.45% -8.25% -15.32% 11.62% -9.30% -202.13% 273.15%
EPS Q/Q Growth		 -156.63% 300.00% -7.45% 8.05% -7.45% -14.94% 9.46% -9.88% -156.16% 185.37%
Operating Cash Flow Q/Q Growth		 -33.15% -112.56% 445.72% 200.00% -48.60% 64.04% -7.49% -49.23% 16.52% 11.53%
Free Cash Flow Firm Q/Q Growth		 -41.70% -153.38% -291.97% 2.74% -38.73% 60.40% 140.48% -113.76% -8,124.50% 8.09%
Invested Capital Q/Q Growth		 -7.94% 34.94% 18.38% -4.63% 4.34% 0.52% -3.65% 1.60% 64.53% 0.09%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -14.15% 40.19% 39.83% 41.67% 41.06% 34.92% 36.60% 33.88% -19.67% 22.70%
EBIT Margin		 -20.31% 35.27% 35.18% 36.93% 35.97% 29.83% 32.06% 29.52% -15.44% 27.72%
Profit (Net Income) Margin		 -15.32% 28.56% 28.28% 29.34% 28.08% 23.51% 25.46% 23.25% -12.33% 22.14%
Tax Burden Percent		 75.45% 80.97% 80.40% 79.43% 78.07% 78.80% 79.40% 78.77% 79.85% 79.86%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 19.03% 19.60% 20.57% 21.93% 21.20% 20.60% 21.23% 0.00% 20.14%
Return on Invested Capital (ROIC)		 -5.80% 10.39% 9.75% 10.84% 10.50% 7.66% 7.86% 7.28% -3.12% 7.51%
ROIC Less NNEP Spread (ROIC-NNEP)		 -6.40% 10.39% 9.75% 10.84% 10.50% 7.66% 7.86% 7.28% -3.64% 7.51%
Return on Net Nonoperating Assets (RNNOA)		 -1.53% 4.05% 4.98% 5.09% 5.57% 4.77% 5.24% 4.39% -1.79% 3.40%
Return on Equity (ROE)		 -7.33% 14.44% 14.73% 15.92% 16.07% 12.43% 13.10% 11.67% -4.91% 10.91%
Cash Return on Invested Capital (CROIC)		 25.65% -4.66% -26.35% -26.81% -34.85% -7.96% 11.90% 5.21% -44.45% -42.99%
Operating Return on Assets (OROA)		 -0.87% 1.55% 1.53% 1.66% 1.60% 1.30% 1.36% 1.25% -0.59% 1.26%
Return on Assets (ROA)		 -0.66% 1.26% 1.23% 1.32% 1.25% 1.03% 1.08% 0.98% -0.47% 1.00%
Return on Common Equity (ROCE)		 -7.33% 14.44% 14.73% 15.92% 16.07% 12.43% 13.10% 11.67% -4.91% 10.91%
Return on Equity Simple (ROE_SIMPLE)		 8.79% 0.00% 9.50% 9.69% 15.49% 0.00% 12.90% 11.83% 3.10% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.48 9.63 9.16 9.84 9.03 7.64 8.53 7.74 -6.93 14
NOPAT Margin		 -14.21% 28.56% 28.28% 29.34% 28.08% 23.51% 25.46% 23.25% -10.81% 22.14%
Net Nonoperating Expense Percent (NNEP)		 0.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52% 0.00%
SG&A Expenses to Revenue		 52.53% 50.41% 49.89% 52.01% 52.65% 52.69% 53.87% 53.83% 53.22% 48.13%
Operating Expenses to Revenue		 115.55% 62.91% 62.57% 61.88% 63.61% 68.88% 67.05% 68.04% 94.10% 69.44%
Earnings before Interest and Taxes (EBIT)		 -6.40 12 11 12 12 9.70 11 9.82 -9.90 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.46 14 13 14 13 11 12 11 -13 14
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.10 1.00 0.84 0.80 0.88 1.14 1.04 1.05 1.34 1.36
Price to Tangible Book Value (P/TBV)		 1.22 1.11 0.93 0.87 0.97 1.24 1.13 1.13 1.73 1.76
Price to Revenue (P/Rev)		 1.94 1.81 1.57 1.50 1.63 2.31 2.14 2.22 4.24 3.66
Price to Earnings (P/E)		 12.49 10.42 8.86 8.25 5.71 8.47 8.06 8.84 43.24 31.94
Dividend Yield		 3.40% 3.53% 4.08% 4.24% 3.90% 2.81% 3.03% 2.95% 2.32% 2.37%
Earnings Yield		 8.01% 9.60% 11.29% 12.13% 17.53% 11.81% 12.41% 11.31% 2.31% 3.13%
Enterprise Value to Invested Capital (EV/IC)		 0.83 0.84 0.69 0.70 0.72 0.94 0.59 0.72 0.91 0.91
Enterprise Value to Revenue (EV/Rev)		 1.84 2.43 2.31 2.20 2.35 3.11 1.87 2.33 3.91 3.32
Enterprise Value to EBITDA (EV/EBITDA)		 7.64 9.27 8.68 8.03 5.77 7.91 4.86 6.36 28.69 25.61
Enterprise Value to EBIT (EV/EBIT)		 9.75 11.53 10.80 9.86 6.55 9.03 5.56 7.31 31.39 23.00
Enterprise Value to NOPAT (EV/NOPAT)		 11.84 13.93 13.07 12.13 8.21 11.40 7.04 9.28 39.94 29.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.68 8.48 8.53 8.87 10.87 9.30 4.84 7.43 15.87 18.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.93 0.00 0.00 0.00 0.00 0.00 4.86 13.99 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.25 0.60 0.81 0.69 0.78 0.64 0.54 0.53 0.36 0.36
Long-Term Debt to Equity		 0.15 0.60 0.81 0.69 0.78 0.64 0.54 0.53 0.36 0.36
Financial Leverage		 0.24 0.39 0.51 0.47 0.53 0.62 0.67 0.60 0.49 0.45
Leverage Ratio		 11.78 11.50 11.94 12.07 12.83 12.12 12.10 11.85 11.23 10.88
Compound Leverage Factor		 11.78 11.50 11.94 12.07 12.83 12.12 12.10 11.85 11.23 10.88
Debt to Total Capital		 20.09% 37.64% 44.73% 40.73% 43.78% 39.02% 35.13% 34.58% 26.27% 26.26%
Short-Term Debt to Total Capital		 7.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 12.34% 37.64% 44.73% 40.73% 43.78% 39.02% 35.13% 34.58% 26.27% 26.26%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 79.91% 62.36% 55.27% 59.27% 56.22% 60.98% 64.87% 65.42% 73.73% 73.74%
Debt to EBITDA		 1.84 4.17 5.66 4.69 3.53 3.30 2.90 3.06 8.25 7.37
Net Debt to EBITDA		 -0.41 2.33 2.80 2.57 1.76 2.03 -0.70 0.30 -2.37 -2.60
Long-Term Debt to EBITDA		 1.13 4.17 5.66 4.69 3.53 3.30 2.90 3.06 8.25 7.37
Debt to NOPAT		 2.86 6.27 8.52 7.09 5.03 4.76 4.20 4.47 11.49 8.35
Net Debt to NOPAT		 -0.64 3.51 4.21 3.89 2.51 2.93 -1.02 0.44 -3.30 -2.94
Long-Term Debt to NOPAT		 1.76 6.27 8.52 7.09 5.03 4.76 4.20 4.47 11.49 8.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 54 -29 -112 -109 -151 -60 24 -3.34 -275 -252
Operating Cash Flow to CapEx		 3,743.84% -1,740.00% 2,183.06% 1,292.12% 3,138.72% 2,623.75% 20,111.11% 17,386.49% 2,065.01% 747.10%
Free Cash Flow to Firm to Interest Expense		 27.30 -6.21 -14.05 -10.37 -12.14 -4.28 1.54 -0.19 -8.78 -8.57
Operating Cash Flow to Interest Expense		 6.35 -0.34 0.68 1.54 0.67 0.98 0.80 0.37 0.24 0.28
Operating Cash Flow Less CapEx to Interest Expense		 6.18 -0.36 0.65 1.42 0.65 0.94 0.80 0.37 0.23 0.25
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.04 0.05
Fixed Asset Turnover		 3.74 3.99 4.10 4.16 4.33 4.45 4.54 4.52 4.12 4.84
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 272 367 435 414 432 435 419 426 700 701
Invested Capital Turnover		 0.41 0.36 0.34 0.37 0.37 0.33 0.31 0.31 0.29 0.34
Increase / (Decrease) in Invested Capital		 -58 38 121 119 160 68 -16 11 268 266
Enterprise Value (EV)		 226 307 298 289 309 406 247 306 639 639
Market Capitalization		 239 230 202 196 215 302 282 291 692 704
Book Value per Share		 $20.36 $21.44 $22.39 $23.05 $22.91 $24.97 $25.38 $25.97 $26.65 $26.65
Tangible Book Value per Share		 $18.30 $19.40 $20.38 $21.05 $20.89 $22.98 $23.43 $24.04 $20.62 $20.68
Total Capital		 272 367 435 414 432 435 419 426 700 701
Total Debt		 55 138 194 169 189 170 147 147 184 184
Total Long-Term Debt		 34 138 194 169 189 170 147 147 184 184
Net Debt		 -12 77 96 92 94 104 -36 15 -53 -65
Capital Expenditures (CapEx)		 0.33 0.09 0.25 1.26 0.27 0.52 0.06 0.04 0.36 1.12
Net Nonoperating Expense (NNE)		 0.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.98 0.00
Net Nonoperating Obligations (NNO)		 55 138 194 169 189 170 147 147 184 184
Total Depreciation and Amortization (D&A)		 1.94 1.66 1.51 1.59 1.64 1.65 1.52 1.45 -2.71 -3.10
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.47) $0.95 $0.88 $0.95 $0.87 $0.75 $0.82 $0.74 ($0.41) $0.34
Adjusted Weighted Average Basic Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Adjusted Diluted Earnings per Share		 ($0.47) $0.94 $0.87 $0.94 $0.87 $0.74 $0.81 $0.73 ($0.41) $0.35
Adjusted Weighted Average Diluted Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.68M 10.73M 10.66M 10.61M 10.61M 10.71M 10.72M 19.37M 19.39M 19.51M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.27 9.63 9.16 9.84 9.03 8.48 9.06 8.63 5.14 17
Normalized NOPAT Margin		 -7.21% 28.56% 28.28% 29.34% 28.08% 26.08% 27.05% 25.94% 8.01% 27.21%
Pre Tax Income Margin		 -20.31% 35.27% 35.18% 36.93% 35.97% 29.83% 32.06% 29.52% -15.44% 27.72%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -3.26 2.58 1.43 1.18 0.93 0.69 0.68 0.57 -0.32 0.58
NOPAT to Interest Expense		 -2.28 2.09 1.15 0.93 0.72 0.55 0.54 0.45 -0.22 0.46
EBIT Less CapEx to Interest Expense		 -3.43 2.56 1.40 1.06 0.91 0.66 0.68 0.57 -0.33 0.54
NOPAT Less CapEx to Interest Expense		 -2.45 2.07 1.12 0.82 0.70 0.51 0.54 0.45 -0.23 0.43
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 43.79% 37.50% 36.21% 34.85% 22.27% 23.79% 24.21% 25.83% 67.72% 59.76%
Augmented Payout Ratio		 121.50% 101.81% 85.20% 46.18% 29.43% 31.04% 28.23% 25.85% 67.76% 59.76%

Financials Breakdown Chart

Key Financial Trends

Orrstown Financial Services (NASDAQ: ORRF) has shown notable financial trends over the past four years through its quarterly statements, highlighting fluctuations in earnings, expenses, and asset growth.

Positive trends include:

  • Consistent growth in Loans and Leases Interest Income, rising from approximately $22.1 billion (net loans) in early 2022 to nearly $4 billion by Q3 2024, indicating loan portfolio expansion.
  • Net Interest Income has increased steadily over the years, with Q4 2024 at about $50.6 million, supporting core earnings growth.
  • Reduction in Provision for Credit Losses from peaks in mid-2023 (as high as $13.7 million in Q3 2024 provision) down to more moderate levels, showing improving credit quality.
  • Increasing dividends per common share, rising from $0.19 in 2022 to $0.23 in Q4 2024, reflecting management’s confidence in cash flow and returning value to shareholders.
  • Strong net cash from operating activities, with positive cash flow in Q4 2024 ($8.4 million) and large inflows from investing activities, showing good cash management and investment maturity.
  • Growth in total assets from approximately $2.85 billion in Q3 2022 to over $5.47 billion in Q3 2024, doubling the asset base in this period.
  • Total common equity has increased significantly, indicating strengthened capitalization and shareholder equity base.
  • Effective cost control as Total Non-Interest Expense has increased but is in line with revenue growth, improving operational efficiency in recent quarters.

Neutral points to monitor:

  • Net realized and unrealized capital gains on investments are typically small and fluctuate around zero, indicating minimal impact from investment portfolio volatility.
  • Consistent marketing and insurance claim expenses; these levels appear stable and manageable over time.

Negative factors include:

  • Significant volatility in quarterly net income and earnings per share, with losses recorded in Q3 2024 (-$7.9 million) following prior quarters of positive earnings; signals potential earnings instability.
  • Occasional spikes in restructuring charges (e.g., $17.2 million in Q3 2024), indicating ongoing organizational changes or cost restructuring, which can pressure earnings.
  • Periodic increase in Provision for Credit Losses, notably in Q3 2024 ($13.7 million), reflecting caution on loan portfolio risk and possibly higher expected default rates.
  • Net change in deposits shows negative trends in recent quarters, with a $28.5 million decline in Q4 2024, which may affect liquidity and funding costs.
  • Long-term debt increased overall, with interest expense reaching $2.5 million in Q4 2024, adding financial leverage risk and interest cost burden.

In summary, Orrstown Financial Services is expanding its asset base and improving core interest income, which are positives for future growth. However, variability in net income, restructuring charges, and periods of elevated loan loss provisions suggest operational challenges that investors should monitor closely. The company maintains a steady dividend policy, which is attractive for income-focused investors.

10/08/25 12:45 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Orrstown Financial Services' Financials

When does Orrstown Financial Services' financial year end?

According to the most recent income statement we have on file, Orrstown Financial Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Orrstown Financial Services' net income changed over the last 2 years?

Orrstown Financial Services' net income were at $22.05 million at the end of 2024, a 38.2% decrease from 2023, and a 0.1% increase since 2022. View Orrstown Financial Services' forecast to see where analysts expect Orrstown Financial Services to go next.

How has Orrstown Financial Services' revenue changed over the last 2 years?

Over the last 2 years, Orrstown Financial Services' total revenue changed from $126.58 million in 2022 to $192.69 million in 2024, a change of 52.2%.

How much debt does Orrstown Financial Services have?

Orrstown Financial Services' total liabilities were at $4.92 billion at the end of 2024, a 75.9% increase from 2023, and a 82.8% increase since 2022.

How much cash does Orrstown Financial Services have?

In the past 2 years, Orrstown Financial Services' cash and equivalents has ranged from $28.48 million in 2022 to $51.03 million in 2024, and is currently $51.03 million as of their latest financial filing in 2024.

How has Orrstown Financial Services' book value per share changed over the last 2 years?

Over the last 2 years, Orrstown Financial Services' book value per share changed from 21.44 in 2022 to 26.65 in 2024, a change of 24.3%.


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This page (NASDAQ:ORRF) was last updated on 10/8/2025 by MarketBeat.com Staff
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