Orrstown Financial Reports Strong Net Income and Adjusted Earnings in Fourth Quarter
HARRISBURG, Pa. - Orrstown Financial Services Inc. (ORRF) reported a net income of $13.7 million in its fourth quarter, ending the year with a strong financial performance. The Harrisburg-based bank recorded earnings per share of 71 cents, while adjusted earnings, excluding one-time gains and costs, were 87 cents per share.
Orrstown Financial's revenue for the quarter reached $91.3 million, with net interest income coming in at $61.8 million, slightly below analysts' expectations. For the full year, the company posted a profit of $22.1 million, equating to $1.48 per share. Total revenue for the year reached $192.7 million.