Orrstown Financial Services Inc (ORRF) |
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Price: $25.6400
$-0.13
-0.504%
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Day's High:
| $26.3
| Week Perf:
| -3.61 %
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Day's Low: |
$ 25.60 |
30 Day Perf: |
-4.15 % |
Volume (M): |
68 |
52 Wk High: |
$ 29.79 |
Volume (M$): |
$ 1,736 |
52 Wk Avg: |
$22.52 |
Open: |
$25.63 |
52 Wk Low: |
$15.52 |
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Market Capitalization (Millions $) |
267 |
Shares
Outstanding (Millions) |
10 |
Employees |
294 |
Revenues (TTM) (Millions $) |
129 |
Net Income (TTM) (Millions $) |
36 |
Cash Flow (TTM) (Millions $) |
4 |
Capital Exp. (TTM) (Millions $) |
2 |
Orrstown Financial Services Inc
The Bank is engaged in commercial banking and trust business as authorized
by the Pennsylvania Banking Code of 1965. This involves accepting demand, time
and savings deposits, and granting loans. The Bank grants commercial, residential,
consumer and agribusiness loans in its market areas of Cumberland, Franklin,
Lancaster and Perry Counties in Pennsylvania, Washington County, Maryland, and
in contiguous counties. The Bank was originally organized in 1919 as a state-chartered
bank. On March 8, 1988, in a bank holding company reorganization transaction,
the Company acquired 100% ownership of the Bank, issuing 131,455 shares of the
Company’s common stock to the former shareholders of the Bank.
All secured loans are supported with appraisals or evaluations of collateral.
Business equipment and machinery, inventories, accounts receivable, and farm
equipment are considered appropriate security, provided they meet acceptable
standards for liquidity and marketability. Loans secured by real estate generally
do not exceed 90% of the appraised value of the property. Loan to collateral
values are monitored as part of the loan review process, and appraisals are
updated as deemed appropriate under the circumstances.
The Bank has a loan review policy and program which is designed to identify
and mitigate risk in the lending function. The Enterprise Risk Management (“ERM”)
Committee, comprised of executive officers and loan department personnel, is
charged with the oversight of overall credit quality and risk exposure of the
Bank’s loan portfolio. This includes the monitoring of the lending activities
of all Bank personnel with respect to underwriting and processing new loans
and the timely follow-up and corrective action for loans showing signs of deterioration
in quality. The loan review program provides the Bank with an independent review
of the Bank’s loan portfolio on an ongoing basis. Generally, consumer
and residential mortgage loans are included in the Pass categories unless a
specific action, such as extended delinquencies, bankruptcy, repossession, or
death of the borrower occurs, which heightens awareness as to a possible negative
credit event.
Company Address: 77 East King Street Shippensburg 17257 PA
Company Phone Number: 532-6114 Stock Exchange / Ticker: NASDAQ ORRF
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Customers Net Income fell by |
ORRF's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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Stock Performances by Major Competitors |
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Orrstown Financial Services Inc
Regional Banks company, Orrstown Financial Services Inc, has announced its financial results for the period ending December 31, 2023. These results indicate a decline in income and revenue compared to the previous year. During this financial period, the company reported a decrease in income of -20.4%, amounting to $0.73 per share. Additionally, revenue declined by -3.122% to $32.09 million, compared to the previous year. These figures reflect a challenging period for Orrstown Financial Services Inc.
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Shares
Published Tue, Dec 12 2023 9:05 PM UTC
Merging Forces: Orrstown and Codorus Valley Bancorp Announce Multi-Million Dollar Merger Deal In a groundbreaking move, Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. have recently announced their decision to merge, solidifying their position as key players in the banking industry. This all-stock transaction, valued at approximately $207.0 million, or...
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Orrstown Financial Services Inc
Date: March 1, 2024 Orrstown Financial Services Inc (NASDAQ: ORRF) has announced its financial results for the most recent fiscal period, demonstrating encouraging improvements in both profits and revenues. The company reported positive earnings of $0.87 per share, a significant increase from the negative $0.47 per share recorded a year ago. However, income per share decreased by 7.45% from the preceding quarter figure of $0.94 per share. In terms of revenue, Orrstown experienced a robust growth of 6.647% to $32.01 million in the recent fiscal period, compared to $30.01 million in the same quarter a year ago. However, sequentially, there was a slight decline of 3.398% from $33.13 million in the previous quarter. Despite this decline, Orrstown Financial Services Inc outperformed its industry peers, as the Regional Banks industry only reported a 0.27% top-line improvement in the same period. Orrstown Financial Services Inc notably improved its earnings, reporting $9.026 million in the most recent fiscal period, a noteworthy improvement from a net loss of $-4.828 million in the same quarter of the previous year. The company also emphasized its achievement in profit margins, with a net margin of 28.2% in the most recent fiscal period, and an operating margin of 36.12%, showing a slight increase.
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Orrstown Financial Services Inc
Orrstown Financial Services Inc (ORRF) is a regional bank that has delivered impressive financial performance in the fiscal second quarter of 2023. With revenue of $33.13 million and earnings per share of $0.94, the company has displayed significant growth compared to the previous year. In terms of revenue, ORRF has outperformed its industry peers in the Regional Banks sector, with a year-on-year growth of 12.178%. In comparison, the rest of the industry has only achieved an 11.47% top-line growth during the same period. This highlights Orrstown Financial Services Inc's ability to generate revenue and indicates its strong position in the market.
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Orrstown Financial Services Inc
Orrstown Financial Services Inc, a regional banks company, has just published solid financial results for their latest fiscal period. With an increase in revenue by 6.374%, from $29.75 million to $31.64 million on a year-over-year basis, the company has demonstrated steady growth and a strong performance in the market. This increase in revenue is undoubtedly positive news for the company and its shareholders, as it indicates that it is moving in the right direction in terms of sustainable growth. Moreover, the company has reported an increase in profitability of 14.47%, as its net profits, which stood at $9.156 million in the most recent fiscal period, increased by 9.42% from $8.368 million reported a year ago. This is a significant improvement for Orrstown, and it shows that the company is at the forefront of capturing market share by offering unique and valued banking services to its customers.
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Per Share |
Current |
Earnings (TTM) |
3.41 $ |
Revenues (TTM) |
12.36 $
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Cash Flow (TTM) |
0.42 $ |
Cash |
-
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Book Value |
25.42 $
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Dividend (TTM) |
0.8 $ |
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Per Share |
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Earnings (TTM) |
3.41 $
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Revenues (TTM) |
12.36 $ |
Cash Flow (TTM) |
0.42 $ |
Cash |
-
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Book Value |
25.42 $ |
Dividend (TTM) |
0.8 $ |
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Company Estimates |
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• Revenue Outlook
Orrstown Financial Services Inc does not provide revenue guidance.
• Earnings Outlook
Orrstown Financial Services Inc does not provide earnings estimates.
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