Brief: Orrstown Financial Services, Inc. Reports Earnings For The First Quarter 2023

Orrstown Financial Services

25/04/2023 22:12

Orrstown Financial Services Inc  ORRF.O :
    * ORRSTOWN FINANCIAL SERVICES, INC. REPORTS EARNINGS FOR THE
FIRST
QUARTER 2023
    * EXPECT PACE OF LOAN GROWTH TO SLOW IN NEAR TERM AS WE
ASSESS
ECONOMIC AND CREDIT ENVIRONMENT
    * ANTICIPATE SOME FURTHER MARGIN COMPRESSION IN NEAR TERM
    * ORRSTOWN FINANCIAL SERVICES - DEPOSITS INCREASED BY $39.4
MILLION, OR 6% ANNUALIZED, TOTALING ABOUT $2.5 BILLION AT BOTH
MARCH 31, 2023 AND DECEMBER 31, 2022
    * Q1 EARNINGS PER SHARE VIEW $0.82 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX6rh7J0 
Further company coverage:  ORRF.O