Orrstown Financial Services, Inc. (ORRF) 10-Year Financial Performance & Capital Metrics

ORRF • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutOrrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, the company provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary services under the Orrstown Financial Advisors name; and offers retail brokerage services through a third-party broker/dealer arrangement. Further, it offers investment advisory, insurance, and brokerage services. The company operates through offices in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York counties, Pennsylvania; and Anne Arundel, Baltimore, Howard, and Washington counties, Maryland, as well as Baltimore City, Maryland. Orrstown Financial Services, Inc. was founded in 1919 and is based in Shippensburg, Pennsylvania.Show more

Net Interest Income $155M +48.0%
Total Revenue $284M +63.0%
Net Income $22M -38.2%
Return on Equity 5.64% -60.9%
Net Interest Margin 2.85% -16.7%
Efficiency Ratio 51.41% +8.5%
ROA 0.52% -56.5%
Equity / Assets 9.5% +9.8%
Book Value per Share 34.64 +36.4%
Tangible BV/Share 26.87 +15.0%
Debt/Equity 0.41 -40.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 51.4% efficiency ratio
✓Healthy dividend yield of 2.4%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

✗Shares diluted 42.9% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y17.6%

5Y18.71%

3Y32.67%

TTM-

Profit (Net Income) CAGR

10Y-2.75%

5Y5.43%

3Y-12.47%

TTM31.4%

EPS CAGR

10Y-8.48%

5Y-1.67%

3Y-20.63%

TTM-28.66%

ROCE

10Y Avg7.09%

5Y Avg8.26%

3Y Avg6.97%

Latest4.32%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	34.33M	36.55M	43.81M	52.16M	69.3M	83.61M	86.97M	99.63M	104.91M	155.25M
NII Growth %	0.01%	0.06%	0.2%	0.19%	0.33%	0.21%	0.04%	0.15%	0.05%	0.48%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	38.63M	41.96M	51.45M	65.67M	92.99M	99.63M	93.69M	108.65M	149.9M	248.93M
Interest Expense	4.3M	5.42M	7.64M	13.47M	23.7M	16.02M	6.72M	9.02M	44.99M	93.68M
Loan Loss Provision	-603K	250K	1M	843K	900K	5.33M	1.09M	4.19M	1.68M	16.55M
Non-Interest Income+	18.38M	18.99M	19.18M	20.22M	27.52M	27.25M	27.95M	25.66M	24.4M	35.15M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	57.02M	60.95M	70.64M	85.89M	120.52M	126.88M	121.64M	134.32M	174.3M	284.09M
Revenue Growth %	0.02%	0.07%	0.16%	0.22%	0.4%	0.05%	-0.04%	0.1%	0.3%	0.63%
Non-Interest Expense	43.81M	47.39M	49.56M	57.13M	76.28M	73.02M	72.94M	94.49M	82.59M	146.06M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.51M	7.89M	12.43M	14.45M	19.63M	32.51M	40.9M	26.62M	45.03M	27.81M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.27%	-0.17%	0.57%	0.16%	0.36%	0.66%	0.26%	-0.35%	0.69%	-0.38%
Pretax Income+	9.51M	7.89M	12.43M	14.45M	19.63M	32.51M	40.9M	26.62M	45.03M	27.81M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.63M	1.27M	4.34M	1.64M	2.71M	6.05M	8.01M	4.58M	9.37M	5.76M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	7.87M	6.63M	8.09M	12.8M	16.92M	26.46M	32.88M	22.04M	35.66M	22.05M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.73%	-0.16%	0.22%	0.58%	0.32%	0.56%	0.24%	-0.33%	0.62%	-0.38%
Net Income (Continuing)	7.87M	6.63M	8.09M	12.8M	16.92M	26.46M	32.88M	22.04M	35.66M	22.05M
EPS (Diluted)+	0.97	0.81	0.98	1.50	1.61	2.40	2.96	2.06	3.42	1.48
EPS Growth %	-0.73%	-0.16%	0.21%	0.53%	0.07%	0.49%	0.23%	-0.3%	0.66%	-0.57%
EPS (Basic)	0.97	0.82	1.00	1.53	1.63	2.42	3.00	2.09	3.45	1.49
Diluted Shares Outstanding	8.14M	8.15M	8.23M	8.54M	10.51M	11.03M	11.11M	10.71M	10.44M	14.91M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	28.34M	30.27M	29.81M	71.82M	55.96M	125.26M	208.71M	60.82M	65.16M	248.87M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.17B	1.27B	1.42B	1.7B	2.13B	2.44B	2.44B	2.65B	2.79B	4.72B
Investments Growth %	0.09%	0.09%	0.11%	0.2%	0.25%	0.14%	0%	0.09%	0.05%	0.69%
Long-Term Investments	774.06M	873.38M	1B	1.24B	1.64B	1.97B	1.97B	2.14B	2.28B	3.89B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	719K	12.59M	19.93M	18.72M	18.72M	18.72M	18.72M	68.11M
Intangible Assets	207K	2.83M	356K	3.91M	7.18M	5.46M	4.18M	3.08M	2.41M	47.77M
PP&E (Net)	23.96M	34.87M	34.81M	38.2M	37.52M	35.15M	34.05M	29.33M	29.39M	50.22M
Other Assets	68.28M	71.15M	69.5M	99.11M	126.72M	119.32M	108.91M	124.73M	123.95M	244.07M
Total Current Assets	426.31M	435.1M	450.16M	543.59M	552.89M	600.65M	689.38M	585.58M	592.31M	1.1B
Total Non-Current Assets	866.51M	979.4M	1.11B	1.39B	1.83B	2.15B	2.15B	2.34B	2.47B	4.34B
Total Assets+	1.29B	1.41B	1.56B	1.93B	2.38B	2.75B	2.83B	2.92B	3.06B	5.44B
Asset Growth %	0.09%	0.09%	0.1%	0.24%	0.23%	0.15%	0.03%	0.03%	0.05%	0.78%
Return on Assets (ROA)	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	13.94M	15.17M	17.18M	22.82M	0	0	0	0	0	0
Total Debt+	113.65M	112.03M	177.39M	179.38M	404.65M	109.41M	57.16M	155.42M	179.38M	209.91M
Net Debt	85.31M	81.75M	147.58M	107.56M	348.69M	-15.84M	-151.55M	94.59M	114.22M	-38.97M
Long-Term Debt	24.5M	24.16M	83.81M	115.31M	241.51M	89.95M	33.86M	138.16M	169.59M	184.04M
Short-Term Debt	89.16M	87.86M	93.58M	64.07M	163.14M	19.47M	23.3M	17.25M	9.79M	25.86M
Other Liabilities	0	0	0	0	-120.15M	38.03M	40.82M	61.85M	60.99M	91.9M
Total Current Liabilities	1.14B	1.26B	1.33B	1.65B	2.04B	2.38B	2.49B	2.49B	2.57B	4.65B
Total Non-Current Liabilities	24.5M	24.16M	83.81M	115.31M	121.36M	127.98M	74.68M	200.01M	230.59M	275.95M
Total Liabilities	1.16B	1.28B	1.41B	1.76B	2.16B	2.5B	2.56B	2.69B	2.8B	4.92B
Total Equity+	133.06M	134.86M	144.76M	173.43M	223.25M	246.25M	271.66M	228.9M	265.06M	516.68M
Equity Growth %	0.05%	0.01%	0.07%	0.2%	0.29%	0.1%	0.1%	-0.16%	0.16%	0.95%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.05%	0.06%	0.08%	0.09%	0.11%	0.13%	0.09%	0.14%	0.06%
Book Value per Share	16.34	16.56	17.60	20.32	21.23	22.32	24.46	21.38	25.40	34.64
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	435K	437K	435K	491K	584K	586K	586K	584K	583K	1.03M
Additional Paid-in Capital	124.32M	124.94M	125.46M	151.68M	188.37M	189.07M	189.69M	189.26M	189.03M	423.27M
Retained Earnings	7.94M	11.67M	16.04M	24.47M	35.25M	54.1M	78.7M	92.47M	117.67M	126.54M
Accumulated OCI	1.2M	-1.17M	2.85M	-2.97M	-480K	3.35M	4.45M	-39.91M	-28.48M	-26.32M
Treasury Stock	-829K	-1.02M	-15K	-236K	-466K	-848K	-1.77M	-13.51M	-13.74M	-7.84M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.16M	15.59M	16.35M	22.49M	9.09M	30.17M	40.81M	36.19M	43.7M	34.96M
Operating CF Growth %	-0.3%	0.28%	0.05%	0.38%	-0.6%	2.32%	0.35%	-0.11%	0.21%	-0.2%
Net Income	7.87M	6.63M	8.09M	12.8M	16.92M	26.46M	32.88M	22.04M	35.66M	22.05M
Depreciation & Amortization	2.91M	2.95M	3.27M	3.64M	5.55M	6.57M	5.3M	4.62M	4.34M	9.69M
Deferred Taxes	797K	-232K	3.08M	543K	1.78M	-1.97M	942K	-591K	-651K	-867K
Other Non-Cash Items	-1.43M	5.55M	-1.1M	2.19M	-12.7M	-1.05M	1.65M	1.25M	6.07M	1.81M
Working Capital Changes	1.27M	-266K	1.64M	1.82M	-4.04M	-1.93M	-1.92M	6.72M	-4.08M	-6.45M
Cash from Investing+	-107.35M	-128.89M	-145.89M	-139.4M	18.46M	-292.56M	-2.01M	-270.99M	-153.25M	60.99M
Purchase of Investments	-122.68M	-108.45M	-205.75M	-226.61M	-190.53M	-26.69M	-195.05M	-181.53M	-46.44M	-235.74M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	12.41M	29.44M	0	0	0	-17.64M	45.28M
Other Investing	-81.06M	-102.01M	-128.58M	-95.14M	-50.23M	-320.81M	5.09M	-171.41M	-143.87M	14.31M
Cash from Financing+	92.12M	115.24M	129.08M	175.92M	-60.41M	331.47M	44.65M	86.91M	113.89M	87.76M
Dividends Paid	-1.82M	-2.9M	-3.49M	-4.38M	-6.15M	-7.61M	-8.28M	-8.26M	-8.48M	-13.18M
Share Repurchases	-809K	-631K	0	-651K	-1.77M	-1.89M	-2.38M	-14.46M	-2.96M	-2.39M
Stock Issued	190K	105K	137K	160K	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	82.65M	120.39M	67.2M	178.96M	-71.51M	481.39M	107.63M	11.44M	101.44M	117.7M
Net Change in Cash+	-3.07M	1.93M	-466K	59.01M	-32.85M	69.3M	83.45M	-147.89M	4.34M	183.71M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	31.41M	28.34M	30.27M	29.81M	88.81M	55.96M	125.26M	208.71M	60.82M	65.16M
Cash at End	28.34M	30.27M	29.81M	88.81M	55.96M	125.26M	208.71M	60.82M	65.16M	248.87M
Interest Paid	4.21M	5.35M	7.59M	12.93M	24.31M	16.66M	6.8M	8.72M	42.89M	93.31M
Income Taxes Paid	800K	1.3M	1.64M	60K	0	550K	4.4M	4.9M	7.45M	9.63M
Free Cash Flow+	10.69M	2.22M	13.7M	17.7M	6.18M	28.87M	39.56M	35.3M	41.41M	33.38M
FCF Growth %	-0.35%	-0.79%	5.18%	0.29%	-0.65%	3.67%	0.37%	-0.11%	0.17%	-0.19%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.05%	4.95%	5.79%	8.05%	8.53%	11.27%	12.7%	8.81%	14.44%	5.64%
Return on Assets (ROA)	0.63%	0.49%	0.54%	0.73%	0.78%	1.03%	1.18%	0.77%	1.19%	0.52%
Net Interest Margin	2.66%	2.58%	2.81%	2.7%	2.91%	3.04%	3.07%	3.41%	3.42%	2.85%
Efficiency Ratio	76.84%	77.75%	70.17%	66.52%	63.3%	57.55%	59.96%	70.35%	47.39%	51.41%
Equity / Assets	10.29%	9.53%	9.29%	8.97%	9.37%	8.95%	9.58%	7.83%	8.65%	9.5%
Book Value / Share	16.34	16.56	17.6	20.32	21.23	22.32	24.46	21.38	25.4	34.64
NII Growth	0.91%	6.44%	19.88%	19.06%	32.86%	20.65%	4.03%	14.55%	5.3%	47.99%
Dividend Payout	23.14%	43.72%	43.11%	34.17%	36.34%	28.76%	25.18%	37.5%	23.79%	59.76%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Products And Services, Trust And Investment Management Income	6.58M	7.25M	6.91M	7.9M	7.63M	7.69M	11.5M
Products And Services, Trust And Investment Management Income Growth	-	10.33%	-4.73%	14.24%	-3.36%	0.79%	49.54%
Products And Services, Service Charges On Deposits	3.58M	3.79M	3.11M	3.34M	4.16M	4.27M	5.7M
Products And Services, Service Charges On Deposits Growth	-	6.01%	-17.93%	7.20%	24.57%	2.62%	33.61%
Products And Services, Merchant And Bankcard Fees (Interchange Income)	2.82M	3.28M	3.42M	4.13M	4.06M	3.87M	5.26M
Products And Services, Merchant And Bankcard Fees (Interchange Income) Growth	-	16.31%	4.33%	20.63%	-1.77%	-4.51%	35.79%
Products And Services, Brokerage Income	2.04M	2.43M	2.82M	3.57M	3.62M	3.65M	4.85M
Products And Services, Brokerage Income Growth	-	19.21%	16.28%	26.59%	1.37%	0.80%	32.97%
Swap Referral Fees	-	-	-	-	-	-	-
Swap Referral Fees Growth	-	-	-	-	-	-	-
Loan Swap Referral Fees	-	1.2M	847K	-	-	-	-
Loan Swap Referral Fees Growth	-	-	-29.24%	-	-	-	-
Products And Services, Non Interest Income	15.01M	17.95M	-	-	-	-	-
Products And Services, Non Interest Income Growth	-	19.60%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Orrstown Financial Services, Inc. (ORRF) has a price-to-earnings (P/E) ratio of 25.0x. This suggests investors expect higher future growth.

Growth & Financials

Orrstown Financial Services, Inc. (ORRF) grew revenue by 63.0% over the past year. This is strong growth.

Yes, Orrstown Financial Services, Inc. (ORRF) is profitable, generating $43.3M in net income for fiscal year 2024 (7.8% net margin).

Dividend & Returns

Yes, Orrstown Financial Services, Inc. (ORRF) pays a dividend with a yield of 2.38%. This makes it attractive for income-focused investors.

Orrstown Financial Services, Inc. (ORRF) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.

Industry Metrics

Orrstown Financial Services, Inc. (ORRF) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Orrstown Financial Services, Inc. (ORRF) has an efficiency ratio of 51.4%. This is excellent, indicating strong cost control.

US Stock Screener

...