Orrstown Q1 profit rises

Orrstown Financial Services

21/04/2026 21:20

Overview

US regional bank's Q1 net income and diluted EPS both rose yr/yr and qtr/qtr

Net interest income for Q1 fell slightly from prior qtr due to fewer days and lower yields

Company declared Q1 dividend of $0.30 per share, up from $0.26 a year ago

Outlook

Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers

NONINTEREST INCOME - Higher noninterest income driven by $2.4 mln in life insurance policy death benefits and increased swap fee income

EXPENSE REDUCTION - Lower noninterest expenses due to declines in salaries, benefits, and professional services

LOAN AND DEPOSIT GROWTH - Modest loan and deposit growth, with commercial and residential mortgage lending expanding, though loan growth was reduced by payoffs

Company press release: ID:nGNX3qG5hf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.12
Q1 Net Income
$21.8 mln
Q1 Net Interest Income
$49 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $42.00, about 8.6% above its April 20 closing price of $38.69

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)