Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, working capital, construction, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agribusiness loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, the company provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary services under the Orrstown Financial Advisors name; and offers retail brokerage services through a third-party broker/dealer arrangement. Further, it offers investment advisory, insurance, and brokerage services. The company operates through offices in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York counties, Pennsylvania; and Anne Arundel, Baltimore, Howard, and Washington counties, Maryland, as well as Baltimore City, Maryland. Orrstown Financial Services, Inc. was founded in 1919 and is headquartered in Shippensburg, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: orrstown.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/14/2025 | $35.00 → $37.00 | Outperform | Hovde Group |
| 4/30/2025 | $35.00 | Market Perform → Outperform | Hovde Group |
| 4/10/2025 | $35.00 | Outperform | Raymond James |
| 1/8/2025 | $43.00 | Overweight | Piper Sandler |
| 11/13/2024 | Outperform → Market Perform | Hovde Group | |
| 10/23/2024 | $37.00 → $42.00 | Outperform | Hovde Group |
| 7/24/2024 | $33.00 → $37.00 | Outperform | Hovde Group |
| 6/28/2024 | $32.00 | Buy | Janney |
| 4/24/2024 | $34.00 → $33.00 | Outperform | Hovde Group |
| 11/17/2022 | $28.00 | Neutral | Piper Sandler |
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4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
SCHEDULE 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
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8-K - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Filer)
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S-8 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Filer)
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Hovde Group reiterated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $37.00 from $35.00 previously
Hovde Group upgraded Orrstown Financial Services from Market Perform to Outperform and set a new price target of $35.00
Raymond James initiated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $35.00
Piper Sandler resumed coverage of Orrstown Financial Services with a rating of Overweight and set a new price target of $43.00
Hovde Group downgraded Orrstown Financial Services from Outperform to Market Perform
Hovde Group reiterated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $42.00 from $37.00 previously
Hovde Group reiterated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $37.00 from $33.00 previously
Janney initiated coverage of Orrstown Financial Services with a rating of Buy and set a new price target of $32.00
Hovde Group reiterated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $33.00 from $34.00 previously
Piper Sandler resumed coverage of Orrstown Financial Services with a rating of Neutral and set a new price target of $28.00
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)
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Net income of $19.4 million, or $1.01 per diluted share, for the three months ended June 30, 2025 compared to net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025; the second quarter of 2025 included $1.0 million in merger-related expenses compared to $1.6 million in merger-related expenses for the first quarter of 2025;Excluding the impact of the merger-related expenses referenced above, net of taxes, net income and diluted earnings per share were $20.2 million(1) and $1.04(1), respectively, for the second quarter of 2025 compared to $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025;Net interest margin, on a tax equivale
HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF), the holding company of Orrstown Bank, announced today that it will report second quarter 2025 earnings at the close of business on Tuesday, July 22, 2025. Management will host a conference call and webcast to review the Company's quarterly results on Wednesday, July 23, 2025, at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, July 22, 2025, After Market Close Conference Call and Webcast: Wednesday, July 23, 2025, 9:00 am ET Webcast: Interested parties may listen to the call and view a copy of the Company's earnings presentation by joining via web
HARRISBURG, Pa., June 23, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that the Board of Directors has authorized the Company to repurchase up to 500,000 shares of its common stock, representing approximately 2.5% percent of the Company's outstanding common stock. Repurchases under this program will be made in open market or in privately negotiated transactions and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The
HARRISBURG, Pa., June 05, 2025 (GLOBE NEWSWIRE) -- Orrstown Bank, a wholly owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ:ORRF), is pleased to announce the promotion of Zachary Khuri to Chief Revenue Officer and Joshua Hocker to Market President for the Central Pennsylvania Region, effective immediately. Zachary Khuri, who most recently served as Market President for Orrstown Bank's Central Pennsylvania Region, brings more than 20 years of banking experience to his new role. Since joining Orrstown Bank in 2019, Khuri has played a pivotal role in expanding the Bank's market share and strengthening relationships throughout the region. As Chief Revenue Officer, he will lead th
Net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025 compared to net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024; the first quarter of 2025 included $1.6 million in expenses related to the merger compared to $3.9 million in expenses related to the merger and $0.5 million for a legal settlement for the fourth quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net of taxes, net income and diluted earnings per share were $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025 compared to $16.7 million(1) and $0.87(1), respectively, for the fourt
HARRISBURG, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF), the holding company of Orrstown Bank, announced today that it will report first quarter 2025 earnings at the close of business on Tuesday, April 22, 2025 and that management will host a conference call and webcast to review the Company's quarterly results on Wednesday, April 23, 2025 at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, April 22, 2025, After Market Close Conference Call and Webcast: Wednesday, April 23, 2025, 9:00 a.m. ET Webcast: Interested parties may listen to the call and view a copy of the Company's earnings presentation by jo
HARRISBURG, Pa., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the "Bank"), effective immediately, with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn's retirement on May 25, 2026. Mr. Metz has served as Executive Vice President and Chief Revenue Officer of the Company and the Bank since February 2019. He previously served as Executive Vice President and Chief Lending Officer of the
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025. Ms. Brobst served as the Executive Vice President, Chief Human Resources Officer of the Company and the Bank from 2015 to 2022. Prior to that, she served as Senior Vice President for Human Resources of the Bank from 2011 to 2015 and Senior Vice President and Senior Trust Officer of the Bank from 2000 to 2011. Ms. Brobst is an experienced banking executive with over 40 years of experienc
Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively,
HARRISBURG, Pa., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Orrstown Bank, a wholly owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ:ORRF), is pleased to announce the addition of two accomplished leaders to its executive team. Chris Orr has been appointed as Chief Information Officer, and Ben Colvard joins as Chief Operations Officer. Both bring extensive experience and proven track records of driving innovation and operational excellence within the banking industry. Chris Orr – Chief Information OfficerChris Orr will lead Orrstown Bank's technology strategy, leveraging nearly 20 years of experience in consulting, software delivery, and banking. Chris previously served as Chief Di
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HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025. Ms. Brobst served as the Executive Vice President, Chief Human Resources Officer of the Company and the Bank from 2015 to 2022. Prior to that, she served as Senior Vice President for Human Resources of the Bank from 2011 to 2015 and Senior Vice President and Senior Trust Officer of the Bank from 2000 to 2011. Ms. Brobst is an experienced banking executive with over 40 years of experienc
SHIPPENSBURG, Pa., March 10, 2022 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Meera R. Modi has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective immediately. "Meera is an incredibly valuable addition to our Board of Directors," said Joel Zullinger, Chairman of the Board of Directors, Orrstown Bank. "Her experience, along with her alignment of our core mission, vision, and values, will serve as an excellent resource for both our board and management team." Ms. Modi is a member with the law firm McNees Wallace & Nurick LLC, Harrisburg, PA, focusing
SHIPPENSBURG, Pa., March 31, 2021 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (the “Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”), announced today that Thomas R. Brugger, Executive Vice President, Chief Financial Officer is retiring effective April 27, 2021. Neelesh Kalani, CPA, who joined the Company in February 2020 and has been serving as Senior Vice President, Chief Accounting Officer since March 2020, will be promoted to Executive Vice President and Chief Financial Officer effective April 28, 2021. In his new role, Mr. Kalani will be responsible for the Company’s financial plans, policies, and financial compliance. Mr. Kalani is a graduate
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Net income of $19.4 million, or $1.01 per diluted share, for the three months ended June 30, 2025 compared to net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025; the second quarter of 2025 included $1.0 million in merger-related expenses compared to $1.6 million in merger-related expenses for the first quarter of 2025;Excluding the impact of the merger-related expenses referenced above, net of taxes, net income and diluted earnings per share were $20.2 million(1) and $1.04(1), respectively, for the second quarter of 2025 compared to $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025;Net interest margin, on a tax equivale
HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF), the holding company of Orrstown Bank, announced today that it will report second quarter 2025 earnings at the close of business on Tuesday, July 22, 2025. Management will host a conference call and webcast to review the Company's quarterly results on Wednesday, July 23, 2025, at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, July 22, 2025, After Market Close Conference Call and Webcast: Wednesday, July 23, 2025, 9:00 am ET Webcast: Interested parties may listen to the call and view a copy of the Company's earnings presentation by joining via web
Net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025 compared to net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024; the first quarter of 2025 included $1.6 million in expenses related to the merger compared to $3.9 million in expenses related to the merger and $0.5 million for a legal settlement for the fourth quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net of taxes, net income and diluted earnings per share were $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025 compared to $16.7 million(1) and $0.87(1), respectively, for the fourt
HARRISBURG, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF), the holding company of Orrstown Bank, announced today that it will report first quarter 2025 earnings at the close of business on Tuesday, April 22, 2025 and that management will host a conference call and webcast to review the Company's quarterly results on Wednesday, April 23, 2025 at 9:00 am ET. The conference call and webcast details are below: Earnings Release: Tuesday, April 22, 2025, After Market Close Conference Call and Webcast: Wednesday, April 23, 2025, 9:00 a.m. ET Webcast: Interested parties may listen to the call and view a copy of the Company's earnings presentation by jo
Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively,
Orrstown Financial Services, Inc. ("Orrstown" or the "Company") closed the merger of equals transaction with Codorus Valley Bancorp, Inc. ("Codorus") on July 1, 2024, creating a premier Pennsylvania and Maryland community bank; as a result, the Company's results for the three months ended September 30, 2024 reflect the combined operating results of the combined companies;Codorus contributed, after fair value purchase accounting adjustments, approximately $2.2 billion in total assets, $1.6 billion in loans, and $1.9 billion in deposits at July 1, 2024;Net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024 compared to net income of $7.7 million, or
Orrstown Financial Services, Inc. ("Orrstown" or the "Company") closed the merger of equals transaction with Codorus Valley Bancorp, Inc. ("Codorus") on July 1, 2024; as a result, the second quarter results reported in this release reflect Orrstown's standalone operating results and do not reflect the combined operating results of the two companies;Net income of $7.7 million and diluted earnings per share of $0.73 for the three months ended June 30, 2024 compared to net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024;Excluding the impact of $1.0 million in expenses related to the merger, net of taxes, net income and diluted earnings pe
First quarter net income of $4.3 million compared to net income of $7.0 million in the quarter ended March 31, 2023, and $5.5 million in the quarter ended December 31, 2023;Net interest margin of 3.34% for the quarter ended March 31, 2024, a 66-basis point decrease from the net interest margin of 4.00% for the quarter ended March 31, 2023;Tier 1 leverage capital ratio of 10.80% for the quarter ending March 31, 2024, a 60-basis point increase from the tier 1 leverage capital ratio of 10.20% for the quarter ending March 31, 2023;Year-to-date efficiency ratio of 73.91%; return on average assets of 0.77%; and return on equity of 8.48%;Cash dividend of $0.17 per common share payable on May 14, 20
Net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024 compared to net income of $7.6 million and diluted earnings per share of $0.73 for the three months ended December 31, 2023;Excluding the impact of $0.7 million in expenses related to the pending merger of equals transaction with Codorus Valley Bancorp, Inc., net income and diluted earnings per share, respectively, were $9.2 million(1) and $0.88(1) for the first quarter of 2024 compared to net income and diluted earnings per share of $8.6 million(1) and $0.83(1), respectively, excluding the impact of $1.1 million in merger-related expenses recorded for the fourth quarter of 2023;As a
Fourth quarter net income of $5.5 million compared to net income of $7.9 million in the quarter ended December 31, 2022, and $5.9 million in the quarter ended September 30, 2023;Net income of $25.0 million for the year ended December 31, 2023, compared to net income of $20.1 million for the year ended December 31, 2022;Net interest margin of 3.76% for the year ended December 31, 2023, a 37-basis point increase from the net interest margin of 3.39% for the year ended December 31, 2022;Year-to-date efficiency ratio of 65.75%; return on average assets of 1.15%; and return on equity of 13.47%;Continued improvement in credit metrics with nonperforming assets to total loans of 0.23% at December 31
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SC 13G - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)
SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)