Orrstown Financial Services, Inc.
- Open
- 41.15
- Day high
- 41.67
- Day low
- 40.79
- Prev close
- 41.34
- Volume
- 83K
- Mkt cap
- $810M
- P/E (TTM)
- 9.0
- EPS (TTM)
- $4.57
- P/B
- 1.3
- P/S
- 2.3
- Yield
- 2.77%
- Per share
- $1.14
Orrstown Financial Services, Inc. (ORRF) is a Financial Services company listed on NASDAQ. The stock is up 22% over the past year.
Orrstown Financial Services, Inc. (ORRF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ORRF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $1.05 | $1.12 | +6.7% | $65M | +2.8% |
| Mar 12, 2026 | — | $1.28 | — | $91M | — |
| Oct 21, 2025 | $1.06 | $1.13 | +6.6% | $63M | +23.2% |
| Jul 22, 2025 | $0.99 | $1.04 | +5.1% | $62M | +16.3% |
| Apr 22, 2025 | $0.95 | $1.00 | +5.3% | $61M | +11.7% |
| Mar 31, 2025 | — | $0.71 | — | $90M | — |
| Oct 22, 2024 | $0.91 | $1.11 | +22.0% | $63M | +28.6% |
| Jul 23, 2024 | $0.73 | $0.83 | +13.7% | $33M | +26.4% |
| Mar 14, 2024 | — | $0.73 | — | $46M | — |
| Jul 25, 2023 | $0.79 | $0.94 | +19.0% | $33M | +28.8% |
| Mar 16, 2023 | — | $0.91 | — | $38M | — |
| Oct 18, 2022 | $0.68 | $0.75 | +10.3% | $31M | -0.8% |
ORRF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Jaeger Michaelofficer: EVP, Chief Experience Officer | Tax | 296 | $40.83 |
| Jul 2, 2026 | Mulcahy Seanofficer: Chief Accounting Officer | Tax | 296 | $40.83 |
| May 6, 2026 | Alpert Matthew Dofficer: EVP, Chief Wealth Officer | Grant | 15,000 | — |
| May 6, 2026 | Keller Mark Kdirector | Grant | 1,500 | — |
| May 6, 2026 | Messick John Rodneydirector | Grant | 1,500 | — |
| May 6, 2026 | GIAMBALVO JOHN Wdirector | Grant | 1,500 | — |
| May 6, 2026 | ZULLINGER JOEL Rdirector | Grant | 2,600 | — |
| May 6, 2026 | Joiner Cindy Jeannettedirector | Grant | 1,500 | — |
| May 6, 2026 | Rice Michael Johndirector | Grant | 1,500 | — |
| May 6, 2026 | BROWN SARAH Mdirector | Grant | 1,500 | — |
| May 6, 2026 | Segal Eric Andrewdirector | Grant | 1,500 | — |
| May 6, 2026 | Brunner Brian Ddirector | Grant | 1,500 | — |
| May 6, 2026 | SNOKE GLENN Wdirector | Grant | 1,500 | — |
| May 6, 2026 | BROBST BARBARA Edirector | Grant | 1,500 | — |
| May 6, 2026 | FAINOR SCOTT Vdirector | Grant | 1,500 | — |
Source: ORRF SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full ORRF insider & 13F page →Orrstown Financial Services, Inc. company profile
Overview
Orrstown Financial Services, Inc. (NASDAQ:ORRF) is a regional bank holding company founded in 1919 and headquartered in Shippensburg, Pennsylvania. The company operates through its primary subsidiary, Orrstown Bank, which provides commercial banking and trust services across Pennsylvania and Maryland. With over a century of operations, Orrstown has grown from a local community bank to a regional financial institution serving customers through offices in seven Pennsylvania counties and four Maryland counties, including Baltimore City.
Business
Orrstown Financial Services operates in the regional banking industry, providing traditional commercial banking services alongside trust and wealth management offerings. Regional banks like Orrstown serve as intermediaries between depositors and borrowers, collecting deposits from individuals and businesses and lending those funds to creditworthy borrowers at higher interest rates than they pay on deposits. The company's core banking operations include accepting various types of deposits such as checking accounts, savings accounts, time deposits (certificates of deposit), demand deposits, and money market accounts. These deposits form the funding base for the bank's lending activities. On the lending side, Orrstown offers commercial loans including commercial real estate financing, equipment loans, construction loans, working capital loans, and other business-purpose lending. The bank also provides consumer lending through home equity loans, home equity lines of credit, residential mortgage loans, and other personal loans. Additionally, the company engages in municipal lending and acquisition and development loans for real estate projects. Beyond traditional banking, Orrstown operates a trust and wealth management division under the name Orrstown Financial Advisors. This segment provides fiduciary services including serving as trustee, executor, administrator, guardian, managing agent, and custodian for clients. The company also offers investment advisory services, insurance products, and retail brokerage services through third-party arrangements. While specific revenue breakdowns are not provided, the vast majority of revenue comes from traditional banking operations through net interest income and fees.
Revenue model
Orrstown Financial Services generates revenue primarily through the traditional banking model of net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread represents the bank's core profitability driver. The company also earns non-interest income through various fee-based services including trust and wealth management fees, loan origination fees, deposit service charges, and brokerage commissions. The bank's customers include individual consumers, small and medium-sized businesses, municipalities, and high-net-worth individuals seeking trust services. Commercial borrowers typically include local businesses needing working capital, real estate developers, and companies requiring equipment financing. Consumer customers use the bank for traditional banking needs including deposits, mortgages, and personal loans. Several factors influence Orrstown's profitability margins. Interest rate environments significantly impact net interest margins - rising rates generally benefit banks as loan rates adjust faster than deposit rates, while falling rates compress margins. Credit quality affects profitability through loan loss provisions, with economic downturns potentially increasing charge-offs. Competition from larger national banks and fintech companies can pressure both deposit pricing and loan spreads. Regulatory compliance costs also impact margins, as regional banks face increasing regulatory burden relative to their size. Economic conditions in the bank's Pennsylvania and Maryland markets directly affect loan demand and credit quality, making the company sensitive to regional economic performance.
Competitive moat
Orrstown Financial Services operates with a modest competitive moat typical of regional banks, primarily derived from local market relationships and regulatory barriers to entry. The company benefits from established customer relationships built over its century-long presence in Pennsylvania and Maryland markets, creating some customer stickiness particularly among small businesses and individuals who value personal service and local decision-making. However, this moat is relatively narrow and faces significant challenges. The banking industry is highly commoditized, with limited ability to differentiate core products like loans and deposits. Larger national banks possess significant advantages in technology investment, operational efficiency, and funding costs that allow them to offer more competitive pricing. Digital banking platforms and fintech companies increasingly threaten traditional banking relationships by offering more convenient services and better rates. The company's trust and wealth management services provide some differentiation and higher-margin revenue streams, but these face competition from larger wealth management firms and robo-advisors. Regulatory barriers provide some protection from new entrants, but consolidation pressure in the regional banking sector remains strong as smaller institutions struggle to achieve necessary scale for technology investments and regulatory compliance. Overall, while Orrstown maintains local market presence and relationships, its competitive position is relatively weak compared to larger financial institutions and faces ongoing pressure from technological disruption.
Risks & safety
Orrstown Financial Services presents a moderate margin of safety profile typical of a well-capitalized regional bank, though with some areas of concern. • **Liquidity and Solvency**: The company maintains adequate liquidity with $51 million in cash and short-term investments as of Q4 2024. Total assets of $5.4 billion against liabilities of $4.9 billion provide a reasonable equity cushion. The debt-to-equity ratio of 0.36 is manageable for a bank. • **Profitability Volatility**: Earnings showed significant volatility in 2024, with a notable loss of $7.9 million in Q3 2024 before recovering to $13.7 million profit in Q4. Full-year 2024 net income of $22.1 million represents a decline from $35.7 million in 2023. • **Valuation Metrics**: Trading at a P/E ratio of 12.8x based on recent earnings and price-to-book ratio of 1.35x, the stock appears reasonably valued but not deeply discounted. The significant asset growth from $3.2 billion to $5.4 billion between Q2 and Q4 2024 suggests potential acquisition activity. • **Other Considerations**: Return on equity of 2.6% in Q4 2024 is relatively low for banking standards, indicating potential efficiency or margin pressure issues. The dramatic increase in total assets suggests significant balance sheet changes that warrant monitoring.
Recent development
Based on available financial data, Orrstown Financial Services experienced significant balance sheet expansion during 2024, with total assets growing from approximately $3.2 billion in Q2 2024 to $5.4 billion by Q4 2024. This substantial growth of nearly 70% in six months strongly suggests the company completed a major acquisition or merger during this period, likely in the latter half of 2024. The company's earnings performance showed considerable volatility throughout 2024, with a significant loss of $7.9 million in Q3 2024 sandwiched between profitable quarters. This pattern is consistent with acquisition-related expenses and integration costs. Despite the Q3 loss, the company returned to profitability in Q4 2024 with net income of $13.7 million, though full-year earnings of $22.1 million declined from the prior year's $35.7 million. The dramatic changes in the company's financial profile, including the substantial asset growth and earnings volatility, indicate Orrstown is in an active transformation phase, likely integrating acquired operations and working to realize synergies from expanded scale. The company's ability to return to profitability in Q4 2024 suggests initial progress in this integration process, though the full impact of these strategic moves remains to be seen in future quarters.
ORRF company profile · for informational purposes only — not investment advice.
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