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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% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 125.30 | 129.31 | 190.41 | 248.91 |
| Operating Revenue | - | 125.30 | 129.31 | 190.41 | 248.91 |
| Selling General And Administration | - | 52.29 | 56.02 | 82.63 | 91.52 |
| Interest Income | - | 108.65 | 149.90 | 248.93 | 303.73 |
| Interest Expense | - | 9.02 | 44.99 | 93.68 | 103.94 |
| Net Interest Income | - | 99.63 | 104.91 | 155.25 | 199.79 |
| Pretax Income | - | 26.62 | 45.03 | 27.81 | 102.64 |
| Tax Provision | - | 4.58 | 9.37 | 5.76 | 21.78 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.78 | -0.22 | -4.85 | -0.57 |
| Net Income Continuous Operations | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income From Continuing And Discontinued Operation | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income From Continuing Operation Net Minority Interest | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income Common Stockholders | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Net Income Including Noncontrolling Interests | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Normalized Income | - | 35.41 | 36.50 | 40.64 | 82.99 |
| Diluted NI Availto Com Stockholders | - | 22.04 | 35.66 | 22.05 | 80.86 |
| Basic Average Shares | - | 10.55 | 10.34 | 14.76 | 19.20 |
| Diluted Average Shares | - | 10.71 | 10.44 | 14.91 | 19.36 |
| Reconciled Depreciation | - | 4.62 | 4.34 | 9.69 | 15.27 |
| Total Unusual Items | - | -16.16 | -1.06 | -23.44 | -2.71 |
| Total Unusual Items Excluding Goodwill | - | -16.16 | -1.06 | -23.44 | -2.71 |
| Special Income Charges | - | -16.16 | -1.06 | -23.44 | -2.71 |
| Other Special Charges | - | 13 | - | 0.48 | - |
| Write Off | 0 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 3.16 | 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 | 9.76 |
| Depreciation And Amortization In Income Statement | - | 1.10 | 0.95 | 5.74 | 9.76 |
| General And Administrative Expense | - | 50.02 | 53.86 | 80.04 | 89.23 |
| Other Gand A | 4.06 | - | - | - | - |
| Salaries And Wages | - | 48.94 | 51.90 | 77.36 | 86.39 |
| Insurance And Claims | - | 1.08 | 1.96 | 2.68 | 2.83 |
| Selling And Marketing Expense | - | 2.26 | 2.16 | 2.59 | 2.29 |
| Amortization | - | 1.10 | 0.95 | 5.74 | 9.76 |
| Amortization Of Intangibles Income Statement | - | 1.10 | 0.95 | 5.74 | 9.76 |
| 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 | $736M | 9.11↓ discount | 1.24 | 13.7% | - |
| Southern Missouri Bancorp, Inc. | SMBC | $760M | 12.98 | 1.40 | 10.8% | - |
| Capital City Bank Group, Inc. | CCBG | $757M | 12.29 | 1.37 | 11.1% | - |
| World Acceptance Corporation | WRLD | $755M | 8.41 | 1.72 | 20.4% | - |
| Navient Corporation |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| NAVI |
| $730M |
| - |
| 0.30 |
| -3.3% |
| - |
| Green Dot Corporation | GDOT | $726M | -7.34 | 0.82 | -11.1% | -5.47 |
| Alerus Financial Corporation | ALRS | $721M | 41.37 | 1.28 | 3.1% | - |
| Financial Institutions, Inc. | FISI | $721M | 9.63 | 1.18 | 12.2% | - |
| SmartFinancial, Inc. | SMBK | $712M | 14.13 | 1.29 | 9.1% | - |
| Peer Median | - | 12.29 | 1.28 | 9.9% | -5.47 | |