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Orrstown Financial Services, Inc. operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit. The company 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, such as home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agricultural loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, it provides services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as other fiduciary services under the Orrstown Financial Advisors name; and retail brokerage services through a third-party broker/dealer arrangement. Further, the company offers fiduciary, investment advisory, insurance, and brokerage services. The company was founded in 1919 and is headquartered in Harrisburg, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $249M | - | $81M | $70M | 13.7% | 30.7% | 266.7% |
| 2024 | $190M | - | $22M | $33M | 4.3% | 47.3% | -38.2% |
| 2023 | $129M | - | $36M | $41M | 13.5% | 3.2% | 61.8% |
| 2022 | $125M | - | $22M | $35M | 9.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 125.30 | 129.31 | 190.41 | 248.91 |
| Pretax Income | 26.62 | 45.03 | 27.81 | 102.64 |
| Tax Provision | 4.58 | 9.37 | 5.76 | 21.78 |
| Net Income | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income Common Stockholders | 22.04 | 35.66 | 22.05 | 80.86 |
| Interest Expense | 9.02 | 44.99 | 93.68 | 103.94 |
| Interest Income | 108.65 | 149.90 | 248.93 | 303.73 |
| Selling General And Administration | 52.29 | 56.02 | 82.63 | 91.52 |
| Normalized Income | 35.41 | 36.50 | 40.64 | 82.99 |
| Basic EPS | 2.09 | 3.45 | 1.49 | 0 |
| Diluted EPS | 2.06 | 3.42 | 1.48 | 0 |
| Tax Effect Of Unusual Items | -2.78 | -0.22 | -4.85 | -0.57 |
| Tax Rate For Calcs | 0.17 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -16.16 | -1.06 | -23.45 | -2.71 |
| Total Unusual Items Excluding Goodwill | -16.16 | -1.06 | -23.45 | -2.71 |
| Net Income From Continuing Operation Net Minority Interest | 22.04 | 35.66 | 22.05 | 80.86 |
| Reconciled Depreciation | 4.62 | 4.34 | 9.69 | 15.27 |
| Net Interest Income | 99.63 | 104.91 | 155.25 | 199.79 |
| Net Income From Continuing And Discontinued Operation | 22.04 | 35.66 | 22.05 | 80.86 |
| Diluted Average Shares | 10.71 | 10.44 | 14.91 | 0 |
| Basic Average Shares | 10.55 | 10.34 | 14.76 | 0 |
| Diluted NI Availto Com Stockholders | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income Including Noncontrolling Interests | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income Continuous Operations | 22.04 | 35.66 | 22.05 | 80.86 |
| Special Income Charges | -16.16 | -1.06 | -23.45 | -2.71 |
| Other Special Charges | 13 | 0 | 0.48 | 0 |
| Write Off | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 3.15 | 1.06 | 22.97 | 2.71 |
| Gain On Sale Of Security | -0.16 | -0.05 | 0.25 | 0.17 |
| Depreciation Amortization Depletion Income Statement | 1.10 | 0.95 | 5.74 | 9.77 |
| Depreciation And Amortization In Income Statement | 1.10 | 0.95 | 5.74 | 9.77 |
| Amortization | 1.10 | 0.95 | 5.74 | 9.77 |
| Amortization Of Intangibles Income Statement | 1.10 | 0.95 | 5.74 | 9.77 |
| Selling And Marketing Expense | 2.26 | 2.16 | 2.59 | 2.29 |
| General And Administrative Expense | 50.02 | 53.86 | 80.04 | 89.23 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.08 | 1.96 | 2.68 | 2.83 |
| Salaries And Wages | 48.94 | 51.90 | 77.36 | 86.39 |
| Operating Revenue | 125.30 | 129.31 | 190.41 | 248.91 |
| Occupancy And Equipment | 9.81 | 9.59 | 14.57 | 16.98 |
| Professional Expense And Contract Services Expense | 3.25 | 2.90 | 4.14 | 7.49 |
| Other Non Interest Expense | 11.88 | 12.07 | 15.53 | 17.79 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Orrstown Financial Services, Inc.this co. | ORRF | $717M | 8.36↓ discount | 1.20 | 13.7% | - |
| Velocity Financial, Inc. | VEL | $752M | 6.97 | 1.11 | 15.5% | - |
| Southern Missouri Bancorp, Inc. | SMBC | $751M | 11.80 | 1.34 | 10.8% | - |
| Great Southern Bancorp, Inc. | GSBC | $741M | 10.72 | 1.16 | 11.2% | - |
| Peapack-Gladstone Financial Corporation |
| PGC |
| $737M |
| 16.84 |
| 1.10 |
| 5.7% |
| - |
| Hippo Holdings Inc. | HIPO | $735M | 12.71 | 1.66 | 13.2% | -18.50 |
| SmartFinancial, Inc. | SMBK | $714M | 13.38 | 1.29 | 9.1% | - |
| Green Dot Corporation | GDOT | $681M | - | 0.76 | -11.1% | - |
| LendingTree, Inc. | TREE | $675M | 4.49 | 2.32 | 52.8% | 11.25 |
| Peer Median | - | 11.80 | 1.22 | 11.0% | -3.63 | |