Orrstown Financial Services beats Q2 adjusted EPS expectations

Orrstown Financial Services

22/07/2025 21:32

Overview

Orrstown Q2 adjusted EPS of $1.04 beats analyst expectations, per LSEG data

Net income for Q2 rises to $19.4 mln, reflecting improved profitability

Co had announced share repurchase program for up to 500,000 shares

Outlook

Orrstown sees positive momentum in net interest margin in the remainder of the year

Company anticipates no further meaningful merger-related expenses

Orrstown prioritizes credit quality despite lower commercial loan growth

Company believes strong credit metrics position it well for future growth

Result Drivers

NET INTEREST MARGIN - Improved to 4.07% due to lower cost of funds and positive impact from purchase accounting marks

NONINTEREST INCOME - Increased by $1.3 mln, driven by higher swap fee income and service charges

MERGER-RELATED EXPENSES - Decreased by $0.6 mln, contributing to lower overall noninterest expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.04
$0.98 (5 Analysts)
Q2 EPS
$1.01
Q2 Net Income
$19.45 mln
Q2 Net Interest Income
$49.51 mln
Q2 Loan Loss Provision
-$47.90 mln
Q2 Pretax Profit
$24.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Orrstown Financial Services Inc is $37.00, about 9.4% above its July 21 closing price of $33.53

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX6zB0p9

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)