ORRSTOWN FINANCIAL SERVICES INC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
ORRF$44.32-0.3%Stored close · as of Nov 10, 2026
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Item 8. Financial Statements and Supplementary Data
SUMMARY OF QUARTERLY FINANCIAL DATA
The following table presents unaudited quarterly results of operations for years ended December 31:
| 2025Quarter Ended | 2024Quarter Ended | |||||||
|---|---|---|---|---|---|---|---|---|
| December | September | June | March | December | September | June | March | |
| Interest income | $76,260 | $77,122 | $74,833 | $75,519 | $80,015 | $82,987 | $43,281 | $42,650 |
| Interest expense | 25,729 | 26,134 | 25,321 | 26,758 | 29,442 | 31,290 | 17,178 | 15,769 |
| Net interest income | 50,531 | 50,988 | 49,512 | 48,761 | 50,573 | 51,697 | 26,103 | 26,881 |
| Provision for (recovery of) credit losses on loans and unfunded loan commitments | 75 | 396 | 109 | (554) | 1,755 | 13,681 | 812 | 298 |
| Net interest income after provision for (recovery of) credit losses | 50,456 | 50,592 | 49,403 | 49,315 | 48,818 | 38,016 | 25,291 | 26,583 |
| Investment securities gains (losses) | 95 | 50 | 8 | 13 | (5) | 271 | (12) | (5) |
| Other noninterest income | 14,297 | 13,332 | 12,907 | 11,611 | 11,252 | 12,115 | 7,184 | 6,635 |
| Merger-related expenses | — | — | 968 | 1,649 | 3,887 | 16,977 | 1,135 | 672 |
| Provision for legal settlement | — | — | — | — | 478 | — | — | — |
| Restructuring expenses | — | — | — | 91 | 39 | 257 | — | — |
| Other noninterest expenses | 37,355 | 36,297 | 36,646 | 36,436 | 38,526 | 43,322 | 21,504 | 21,797 |
| Income (loss) before income tax expense (benefit) | 27,493 | 27,677 | 24,704 | 22,763 | 17,135 | (9,897) | 9,824 | 10,744 |
| Income tax expense (benefit) | 6,002 | 5,812 | 5,256 | 4,712 | 3,451 | (1,994) | 2,086 | 2,213 |
| Net income (loss) | $21,491 | $21,865 | $19,448 | $18,051 | $13,684 | $(7,903) | $7,738 | $8,531 |
| Per share information: | ||||||||
| Basic earnings (loss) per share (a) | $1.12 | $1.14 | $1.01 | $0.94 | $0.72 | $(0.41) | $0.74 | $0.82 |
| Diluted earnings (loss) per share (a) | 1.11 | 1.13 | 1.01 | 0.93 | 0.71 | (0.41) | 0.73 | 0.81 |
| Dividends paid per share | 0.27 | 0.27 | 0.26 | 0.26 | 0.23 | 0.23 | 0.20 | 0.20 |
| (a) Sum of the quarters may not equal the total year due to rounding. | ||||||||
Index to Financial Statements and Supplementary Data
| Page | |
|---|---|
| Management’s Report on Internal Control over Financial Reporting | 66 |
| Report of Crowe LLP, Independent Registered Public Accounting Firm (PCAOB ID 173) | 67 |
| Consolidated Balance Sheets | 70 |
| Consolidated Statements of Income | 71 |
| Consolidated Statements of Comprehensive Income | 73 |
| Consolidated Statements of Changes in Shareholders’ Equity | 74 |
| Consolidated Statements of Cash Flows | 75 |
| Notes to Consolidated Financial Statements | 77 |
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