ORRSTOWN FINANCIAL SERVICES INC

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

ORRF$44.44+1.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations (Unaudited)

Condensed Consolidated Statements of Operations (Unaudited)

	Three Months Ended		Nine Months Ended
(Dollars in thousands, except per share amounts)	September 30, 2025	September 30, 2024	September 30, 2025	September 30, 2024
Interest income
Loans	$65,751	$70,647	$192,219	$142,417
Investment securities - taxable	9,367	9,005	27,717	18,588
Investment securities - tax-exempt	881	883	2,634	2,641
Short-term investments	1,123	2,452	4,904	5,272
Total interest income	77,122	82,987	227,474	168,918
Interest expense
Deposits	22,639	28,603	69,754	57,384
Securities sold under agreements to repurchase and federal funds purchased	107	96	297	148
FHLB advances and other borrowings	1,791	1,154	3,939	3,780
Subordinated notes and trust preferred debt	1,597	1,437	4,223	2,925
Total interest expense	26,134	31,290	78,213	64,237
Net interest income	50,988	51,697	149,261	104,681
Provision for credit losses - loans	396	14,115	51	15,348
Recovery of credit losses - unfunded loan commitments	—	(434)	(100)	(557)
Net interest income after net recovery of credit losses	50,592	38,016	149,310	89,890
Noninterest income
Service charges on deposit accounts	2,014	1,801	5,975	3,824
Interchange income	1,620	1,779	4,488	3,651
Other service charges, commissions and fees	983	559	2,047	1,019
Swap fee income	816	505	1,879	1,079
Trust and investment management income	3,636	3,760	11,184	7,916
Brokerage income	1,641	1,277	4,775	3,535
Mortgage banking activities	522	491	1,302	1,318
Income from life insurance	1,471	1,289	4,071	2,569
Investment securities gains	50	271	71	254
Other income	629	654	2,129	1,023
Total noninterest income	13,382	12,386	37,921	26,188
continued

	Three Months Ended		Nine Months Ended
	September 30,2025	September 30,2024	September 30,2025	September 30,2024
Noninterest expenses
Salaries and employee benefits	21,439	27,190	63,191	54,137
Occupancy	1,907	1,818	5,567	4,197
Furniture and equipment	2,168	2,515	7,394	5,480
Data processing	1,116	2,046	3,005	4,548
Automated teller and interchange fees	892	784	2,184	1,476
Advertising and bank promotions	154	537	1,730	1,709
FDIC insurance	652	862	2,150	1,722
Professional services	1,703	1,119	5,545	2,551
Directors' compensation	350	123	854	646
Taxes other than income	828	503	2,065	1,046
Intangible asset amortization	2,410	2,464	7,417	2,904
Merger-related expenses	—	16,977	2,617	18,784
Restructuring expenses	—	257	91	257
Other operating expenses	2,678	3,104	8,277	5,950
Total noninterest expenses	36,297	60,299	112,087	105,407
Income (loss) before income tax expense (benefit)	27,677	(9,897)	75,144	10,671
Income tax expense (benefit)	5,812	(1,994)	15,780	2,305
Net income (loss)	$21,865	$(7,903)	$59,364	$8,366
Per share information:
Basic earnings (loss) per share	$1.14	$(0.41)	$3.09	$0.63
Diluted earnings (loss) per share	1.13	(0.41)	3.07	0.62
Dividends paid per share	0.27	0.23	0.79	0.63

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.