ORRSTOWN FINANCIAL SERVICES INC ORRF
Orrstown Financial Services, Inc., a Pennsylvania corporation, is the financial holding company ("FHC") for its wholly-owned subsidiary Orrstown Bank. The Company's principal executive offices are located at 4750 Lindle Road, Harrisburg, Pennsylvania, 17111. The Parent Company was organized on November 17, 1987 for the purpose of acquiring the Bank and such other banks and bank-related activities as are permitted by law. The Company provides banking and financial advisory services in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Harford, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company's lending area also includes counties in Pennsylvania, Maryland, Delaware, Virginia and West Virginia within a 75-mile radius of the Company's executive and administrative offices as well as the District of Columbia.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.1M | $27.3M | $19.5M | $19.5M | $18.9M | $16.5M | $18.0M | $15.0M | $51.5M | $42.0M |
| Interest expense | $199.8M | $155.3M | $104.9M | $99.6M | $6.7M | $16.0M | $23.7M | $13.5M | $7.6M | $5.4M |
| Pre-tax income | $102.6M | $27.8M | $45.0M | $26.6M | $40.9M | $32.5M | $19.6M | $14.4M | $12.4M | $7.9M |
| Income tax | $21.8M | $5.8M | $9.4M | $4.6M | $8.0M | $6.0M | $2.7M | $1.6M | $4.3M | $1.3M |
| Net income | $80.9M | $22.1M | $35.7M | $22.0M | $32.9M | $26.5M | $16.9M | $12.8M | $8.1M | $6.6M |
| EPS, basic | 4.21 | 1.49 | 3.45 | 2.09 | 3.00 | 2.42 | 1.63 | 1.53 | 1.00 | 0.82 |
| EPS, diluted | 4.18 | 1.48 | 3.42 | 2.06 | 2.96 | 2.40 | 1.61 | 1.50 | 0.98 | 0.81 |
| Shares, diluted (wtd. avg.) | $19.4M | $14.9M | $10.4M | $10.7M | $11.1M | $11.0M | $10.5M | $8.5M | $8.2M | $8.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $149.8M | $248.9M | $65.2M | $60.8M | $208.7M | $125.3M | $56.0M | $88.8M | $29.8M | $30.3M |
| Property, plant and equipment | $51.0M | $50.2M | $29.4M | $29.3M | $34.0M | $35.1M | $37.5M | $38.2M | $34.8M | $34.9M |
| Goodwill | $69.8M | $68.1M | $18.7M | $18.7M | $18.7M | $18.7M | $19.9M | $12.6M | $719.0K | $719.0K |
| Other intangibles | $38.0M | $47.8M | $2.4M | $3.1M | $4.2M | $5.5M | $7.2M | $3.9M | $356.0K | $458.0K |
| Total assets | $5.54B | $5.44B | $3.06B | $2.92B | $2.83B | $2.75B | $2.38B | $1.93B | $1.56B | $1.41B |
| Short-term debt | — | — | — | $17.3M | $23.3M | $19.5M | $8.3M | $64.1M | $93.6M | $87.9M |
| Long-term debt | — | — | $40.0M | $1.5M | $1.9M | $2.3M | $63.1M | $83.5M | $83.8M | $24.2M |
| Total liabilities | $4.95B | $4.92B | $2.80B | $2.69B | $2.56B | $2.50B | $2.16B | $1.76B | $1.41B | $1.28B |
| Retained earnings | $186.8M | $126.5M | $117.7M | $92.5M | $78.7M | $54.1M | $35.2M | $24.5M | $16.0M | $11.7M |
| Total equity | $591.5M | $516.7M | $265.1M | $228.9M | $271.7M | $246.2M | $223.2M | $173.4M | $144.8M | $134.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.7M | $35.0M | $43.7M | $36.2M | $40.8M | $30.2M | $9.1M | $22.5M | $16.4M | $15.6M |
| Depreciation and amortisation | $3.4M | $2.6M | $2.1M | $2.3M | $2.3M | $3.2M | $2.7M | $2.6M | $2.7M | $2.3M |
| Stock-based compensation | $5.0M | $8.7M | $2.4M | $2.2M | $1.9M | $2.1M | $1.6M | $1.5M | $1.4M | $958.0K |
| Capital expenditure | $4.2M | $1.6M | $2.3M | $895.0K | $1.3M | $1.3M | $2.9M | $4.8M | $2.7M | $13.4M |
| Investing cash flow | -$182.0M | $61.0M | -$153.2M | -$271.0M | -$2.0M | -$292.6M | $18.5M | -$139.4M | -$145.9M | -$128.9M |
| Financing cash flow | $8.1M | $87.8M | $113.9M | $86.9M | $44.7M | $331.7M | -$60.4M | $175.9M | $129.1M | $115.2M |
| Dividends paid | $20.6M | $13.2M | $8.5M | $8.3M | $8.3M | $7.6M | $6.2M | $4.4M | $3.5M | $2.9M |
| Buybacks | $263.0K | $0 | $2.6M | $14.2M | $1.9M | $1.2M | $0 | $0 | $0 | $631.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-017278.
Others in SIC 6022
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| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |