Orrstown Financial Services, Inc. (ORRF)

ORRF Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	237.49	210.29	126.6	93.53	84.23	87.49
Interest Income on Investments	44.32	38.65	23.3	15.13	9.47	12.14
Total Interest Income	281.8	248.93	149.9	108.65	93.7	99.63
Interest Paid on Deposits	94.98	84.23	37.51	6.34	4.2	12.01
Interest Paid on Borrowings	9.69	9.45	7.48	2.69	2.52	4.01
Total Interest Expense	104.67	93.68	44.99	9.02	6.72	16.02
Net Interest Income	177.13	155.25	104.91	99.63	86.97	83.61
Net Interest Income Growth (YoY)	67.91%	47.99%	5.30%	14.55%	4.03%	20.65%
Trust Income	13.81	11.5	7.69	7.63	7.9	6.91
Mortgage Banking Activities	1.68	1.84	0.59	0.41	5.91	5.27
Gain (Loss) on Sale of Assets	-	-	1.1	-	-	2.8
Gain (Loss) on Sale of Investments	0.27	0.25	-0.05	-0.16	0.64	-0.02
Gain (Loss) on Sale of Equity Investments	-0.16	-0.16	-0.32	-0.27	-0.27	-0.3
Other Non-Interest Income	20.31	18.69	12.69	15.52	11.93	10.76
Total Non-Interest Income	42.43	37.44	25.65	26.95	29.15	28.31
Non-Interest Income Growth (YoY)	61.92%	45.93%	-4.82%	-7.55%	2.98%	0.09%
Revenues Before Loan Losses	219.56	192.69	130.56	126.58	116.13	111.92
Provision for Loan Losses	15.69	16.55	1.68	4.19	1.09	5.33
Revenue	203.87	176.14	128.88	122.39	115.04	106.59
Revenue Growth (YoY)	56.29%	36.68%	5.30%	6.40%	7.92%	10.25%
Salaries and Employee Benefits	74.5	67.86	48.63	45.85	42.05	41.26
Federal Deposit Insurance	3.06	2.68	1.96	1.08	0.82	0.69
Amortization of Goodwill & Intangibles	8.05	5.74	0.95	1.11	1.28	1.57
Selling, General & Administrative	37.84	36.89	22.84	22.98	21.45	20.88
Other Non-Interest Expense	14.04	11.72	8.41	8.6	8.54	8.16
Total Non-Interest Expense	139.53	124.89	82.78	79.62	74.14	72.56
EBT Excluding Unusual Items	64.34	51.25	46.09	42.77	40.9	34.03
Asset Writedown	-	-	-	-	-	-0.7
Legal Settlements	-0.48	-0.48	-	-13	-	-
Pretax Income	39.83	27.81	45.03	26.62	40.9	32.51
Income Tax Expense	8.26	5.76	9.37	4.58	8.01	6.05
Net Income	31.57	22.05	35.66	22.04	32.88	26.46
Net Income to Common	31.57	22.05	35.66	22.04	32.88	26.46
Net Income Growth	-9.90%	-38.17%	61.83%	-32.98%	24.25%	56.36%
Basic Shares Outstanding	17	15	10	11	11	11
Diluted Shares Outstanding	17	15	10	11	11	11
Shares Change (YoY)	64.17%	42.92%	-2.53%	-3.60%	0.65%	4.95%
EPS (Basic)	1.86	1.49	3.45	2.09	3.00	2.42
EPS (Diluted)	1.84	1.48	3.42	2.06	2.96	2.40
EPS Growth	-45.15%	-56.73%	66.02%	-30.40%	23.33%	49.07%
Dividend Per Share	0.920	0.860	0.800	0.760	0.740	0.680
Dividend Growth	15.00%	7.50%	5.26%	2.70%	8.82%	13.33%
Effective Tax Rate	20.73%	20.70%	20.81%	17.20%	19.60%	18.60%

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q