Orrstown Financial Services, Inc. (ORRF) Earnings
Orrstown Financial Services, Inc. is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $1.03. ORRF has beaten EPS estimates in 8 of its last 8 reported quarters (average surprise +5.9% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Orrstown had strong results in the first quarter with net income up, return on average equity and assets exceeding peer multiples. - Loan growth was steady at 4% annualized despite loan prepayments, with robust pipelines. - Deposit growth was meaningful, increasing by $98.7 million, reducing reliance on borrowings and expected to lower funding costs. - Fee income increased to $15.6 million in Q1, with components like wealth management income and swap fees. - Non-interest expense declined by $700,000, with salaries, benefits, and professional services costs down. - Credit quality had moderate provision expense, classified loans declined, and allowance coverage ratio was 1.17%.
Guidance
- Net interest margin guidance remains in the range of 3.90% to 4.00% for 2026 with expectation of increasing from here. - Expect funding costs to decline further in Q2 2026. - Anticipate normalized non-interest income to be in line with previously reported guidance. - Expenses expected to fall into lower end of guidance range unless strategic investments in personnel are made.
Segment performance
Orrstown achieved net income of $21.8 million, or $1.12 per diluted share. Fee income of $15.6 million contributed 24.1% of the total operating income. Net interest margin remained near the top of all peers. Loan growth was steady at 4% annualized, with deposit growth of $98.7 million. Capital ratios continued to build quickly.
Risks & headwinds
No specific detailed risks discussed in the transcript
Analyst Q&A
Q: Hey, good morning, guys. Thank you for taking my question. Morning, Tim. What's up? I appreciate the commentary on kind of the puts and takes on the NEM this quarter. And it sounds like the primary driver here was that seasonal deposit runoff at the beginning was maybe a little bit stronger, lasted longer than normal. Was there anything that surprised you on like the loan or security yield side as well, or is it just primarily the NEM, or sorry, the deposits?
A: No, there's nothing surprising. It is primarily deposits. As I've indicated in the past, since we are a little bit on the asset-sensitive side, we did expect the yields to drop on loans and investments, so it truly is driven by the deposits. the timing of the deposits. So we are, as I indicated, we do expect to see improvement in both the funding costs and translating into the reduction on the NIM side. On the asset side, the lending team continues to price well to help us maintain and improve the margin from here.
Q: And are you able to help? You said, you know, an upward trajectory from here. Can you help us quantify that at all? Like maybe what was the spot NIM at the end of Q1 once those deposits came back and you were able to run off some of the higher cost borrowings? And any idea on maybe where we would end the year, say, if we get just a zero rate cut?
A: So we ended – we ended the quarter a few basis points higher than the average for the quarter um for the reported name for the quarter and expect to to be able to go up a few basis points from there over the over the course of the remainder of the year
Q: And then um one last one if i can get it on the deposit side um you know there's been some chatter about increasing deposit competition, but it's more extreme in some markets than others. Have you guys experienced that? I get you still have some room to move downward, but are you starting to see some deposit competition? Is it more competitive in certain markets or deposit categories than others for you?
A: Yeah, Tim, I would say, you know, competition remains, it's prevalent, but I would tell you, we challenged the team to reach out to their relationships and drive deposit growth. And the team has absolutely responded to that initiative. And so we were very pleased with the results, and we think that we have a lot of momentum going forward.