Core Insights - Orrstown Financial Services, Inc. reported a net income of $21.5 million for Q4 2025, a slight decrease from $21.9 million in Q3 2025, but a significant increase from $13.7 million in Q4 2024 [1][9] - For the full year 2025, net income reached $80.9 million, up from $22.1 million in 2024, with diluted earnings per share increasing to $4.18 from $1.48 [2][9] - The company achieved its highest annual net income in history, driven by strong margin performance and growth in noninterest income [3] Financial Performance - Net interest income for Q4 2025 was $50.5 million, slightly down from $51.0 million in Q3 2025, with a net interest margin of 4.00% compared to 4.11% in the previous quarter [10][9] - Noninterest income increased by $1.0 million to $14.4 million in Q4 2025, attributed to growth in wealth management and swap fee income [17][18] - Noninterest expenses rose to $37.4 million in Q4 2025 from $36.3 million in Q3 2025, primarily due to increased healthcare and professional service costs [19] Balance Sheet Highlights - Loans held for investment increased by $41.0 million to $4.0 billion as of December 31, 2025, with commercial loans growing by approximately 3% annualized [4] - Investment securities rose by $62.3 million to $952.7 million, with purchases of $124.9 million during Q4 2025 [5] - Total deposits decreased by $4.8 million to $4.5 billion, with a loan-to-deposit ratio of 89% [6] Credit Quality - The allowance for credit losses on loans decreased to $47.7 million, representing 1.19% of total loans [15][29] - Classified loans decreased by $5.7 million to $58.4 million, while non-accrual loans increased to $28.0 million [16] Capital and Ratios - Shareholders' equity increased to $591.5 million from $571.9 million, with a tangible common equity ratio of 9.0% [23][24] - The company's capital ratios improved, with tier 1 common equity at 11.5% and total risk-based capital at 13.3% as of December 31, 2025 [25][26]

Core Insights - Orrstown Bank is opening a new office for Orrstown Financial Advisors in Chambersburg, PA, to enhance client service and community engagement [1][2] - The new office will house a ten-person team in a 4,000 sq. ft space, providing a more accessible and welcoming environment for clients [2] - A Grand Opening and Ribbon-Cutting Ceremony is scheduled for January 15, 2026, to celebrate the new location [3] - A Client Open House will take place on February 12, 2026, allowing clients to tour the new office and meet their Financial Advisors [4] - The Executive Vice President and Chief Trust Officer expressed excitement about the new office, emphasizing the commitment to exceptional service and client relationships [5] - Orrstown Financial Advisors manages over $3 billion in investments and is part of Orrstown Bank, a significant independent community bank in central Pennsylvania [6]

Core Insights - Orrstown Financial Advisors (OFA) has appointed Matthew Alpert as Executive Vice President and Chief Wealth Officer, effective January 5, 2026, to lead its wealth management and trust operations [1][3] - Alpert has extensive experience in wealth management, having held senior leadership roles at Wells Fargo, focusing on high-net-worth individuals and families [3] - The leadership team at Orrstown Bank expresses enthusiasm about Alpert's appointment, highlighting his client-first approach and team leadership skills as key to OFA's growth [4] Company Overview - Orrstown Financial Advisors is a division of Orrstown Bank, one of the largest independent community banks in central Pennsylvania, established in 1919 [5] - The firm currently oversees more than $3 billion in investments, serving generations of families and businesses in the area [5]

Core Insights - Orrstown Financial Services, Inc. reported a net income of $21.9 million for Q3 2025, an increase from $19.4 million in Q2 2025 and a recovery from a net loss of $7.9 million in Q3 2024 [1][2] - The diluted earnings per share (EPS) rose to $1.13 in Q3 2025, compared to $1.01 in Q2 2025 and a loss of $0.41 in Q3 2024 [1][2] - The company achieved its strongest quarter of earnings on record, with a return on assets of 1.60% and a return on equity of nearly 16% [2] Financial Performance - Net interest income for Q3 2025 was $51.0 million, up from $49.5 million in Q2 2025, with a net interest margin of 4.11% [8][9] - Noninterest income increased by $0.5 million to $13.4 million in Q3 2025 from $12.9 million in Q2 2025 [16] - Noninterest expenses decreased by $1.3 million to $36.3 million in Q3 2025, with no merger-related expenses incurred during this period [20] Balance Sheet Highlights - Loans held for investment increased by $48.4 million to $4.0 billion as of September 30, 2025, with commercial loans up by approximately 5% [3] - Total deposits remained stable at $4.5 billion, with increases in money market and time deposits [5] - The company redeemed $32.5 million in subordinated notes during Q3 2025, impacting its capital ratios [6][28] Capital and Equity - Shareholders' equity rose to $571.9 million at September 30, 2025, compared to $548.4 million at June 30, 2025 [26] - Tangible book value per common share increased to $24.12 from $22.77 during the same period [27] - The company's capital ratios remained above regulatory minimums, with tier 1 common equity at 11.1% [28][29] Credit Quality - The allowance for credit losses on loans increased slightly to $48.1 million, representing 1.21% of total loans [14] - Classified loans decreased to $64.1 million, with delinquent loans also showing a decline [15] - Nonaccrual loans increased to $26.2 million, reflecting a rise in nonaccrual status for certain commercial and residential loans [15]

Core Insights - Orrstown Bank has announced the promotion of Zachary Khuri to Chief Revenue Officer and Joshua Hocker to Market President for the Central Pennsylvania Region, effective immediately [1][2][3] Group 1: Leadership Changes - Zachary Khuri, previously the Market President for the Central Pennsylvania Region, has over 20 years of banking experience and has been instrumental in expanding the Bank's market share since joining in 2019 [2][3] - Joshua Hocker, who has been appointed as Market President, previously served as Director of Middle Market Lending and has a strong track record in commercial banking [3][4] Group 2: Company Overview - Orrstown Financial Services, Inc. has $5.4 billion in assets and offers a wide range of consumer and business financial services across multiple counties in Pennsylvania and Maryland [4] - The company's lending area extends to counties in Pennsylvania, Maryland, Delaware, Virginia, and West Virginia within a 75-mile radius of its executive offices [4]

(1) Non-GAAP measure. See Appendix A for additional information. HARRISBURG, Pa., April 22, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF), the parent company of Orrstown Bank (the "Bank"), announced earnings for the three months ended March 31, 2025. Net income totaled $18.1 million for the three months ended March 31, 2025, compared to net income of $13.7 million for the three months ended December 31, 2024 and net income of $8.5 million for the three months ended March 31, 2024 ...