Brief: Orrstown Financial Services' Q2 Net Interest Margin On A Tax Equivalent Basis Increased To 3.68%

Orrstown Financial Services

19/07/2022 21:39

July 19 (Reuters) - Orrstown Financial Services Inc
 ORRF.O :
    * ORRSTOWN FINANCIAL SERVICES, INC. REPORTS SECOND QUARTER
2022
RESULTS
    * NET INTEREST MARGIN ON A TAX EQUIVALENT BASIS INCREASED TO
3.68%
IN Q2 VERSUS 3.49% IN Q1
    * QTRLY EPS $0.83
    * QTRLY NET INCOME $8.9 MILLION VERSUS $8.8 MILLION
    * ORRSTOWN FINANCIAL SERVICES - ANY FUTURE INCREASES IN
INTEREST
RATE EXPECTED TO FURTHER ENHANCE NET INTEREST MARGIN
    * ORRSTOWN FINANCIAL SERVICES -  HAVE EXPERIENCED STRONG
HEADWINDS
IN MORTGAGE BANKING

Source text for Eikon:  ID:nGNX9RwS4V 
Further company coverage:  ORRF.O 

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