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.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% |
Key Financial Trends
Orrstown Financial Services (NASDAQ: ORRF) has shown several notable trends in its financial performance over the past four years based on the analyzed quarterly income statements, cash flow statements, and balance sheets.
- Net Interest Income consistently increased from $26.3 million in Q4 2022 to over $50.5 million in Q4 2024, reflecting growth in interest earnings primarily from loans and leases, which was $67.9 million in Q4 2024.
- Total revenue exhibited overall growth, with Q4 2024 revenue at $61.8 million compared to $33.3 million in Q4 2022, indicating steady expansion and improved core banking operations.
- Net income improved substantially, recovering from losses such as in Q3 2024 (-$7.9 million) to a strong positive $13.7 million in Q4 2024, signaling effective cost management and credit quality stabilization.
- Loans and leases net of allowance increased significantly, from approximately $2.2 billion in Q4 2022 to nearly $3.9 billion by Q3 2024, evidencing aggressive loan portfolio growth.
- Total common equity rose from around $217 million in Q1 2022 to more than $516 million in Q3 2024, improving the bank's capital position and providing a stronger financial cushion.
- Cash dividends per share increased slightly over the years, reaching $0.23 per share in Q4 2024, indicating sustained shareholder returns.
- Provision for credit losses fluctuated, peaking at $13.7 million in Q3 2024 but declining to $1.8 million by Q4 2024, reflecting volatility in loan loss expectations but recent improvement.
- Non-interest income, including trust fees, service charges, and investment banking income, showed modest growth but remained a smaller part of total revenue, suggesting primary earnings dependence on interest income.
- Total non-interest expenses saw a sharp increase in Q3 2024 ($60.3 million) driven notably by restructuring charges ($17.2 million), though these costs declined to $42.9 million in Q4 2024, indicating restructuring impacts on margins.
- The bank experienced a significant loss in Q3 2024 which was the worst quarter in recent years, with net income at -$7.9 million and a large provision for credit losses, underlining some periods of financial stress during the year.
Overall, Orrstown Financial Services is showing improvement in profitability and asset growth after facing challenges earlier in 2024, particularly in Q3. The steady increase in net interest income and expansion of loan assets demonstrate a positive growth trajectory. However, fluctuations in credit loss provisions and elevated restructuring costs have impacted quarterly results and will remain areas to monitor. The firm’s strengthened capital and dividend stability are positive signs for long-term investor confidence.
10/25/25 03:20 AM ETAI Generated. May Contain Errors.