{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-23-000003","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2023-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.196582+00:00","generated_at":"2026-06-20T11:18:05.090378+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Orrstown Q4 net income $9.6M, EPS $0.91; full-year adj. EPS $3.25; dividend raised to $0.20","bullets":["Q4 2022 net income $9.6M ($0.91 diluted EPS) vs Q3 net loss $4.8M ($0.47 loss) and Q4 2021 net income $6.7M ($0.60).","Full-year 2022 net income $22.0M ($2.06) vs 2021 $32.9M ($2.96); adjusted net income $34.8M ($3.25) excluding restructuring and legal settlement.","Net interest margin expanded to 4.14% from 3.92% in Q3; commercial loan growth ex-PPP +$56.6M (14% annualized).","Dividend increased to $0.20/share, payable Feb 14, 2023 to holders of record Feb 7, 2023.","Nonaccrual loans rose to 0.96% of total loans due to one $15.4M downgrade; provision for loan losses $0.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-23-000003","json":"https://secwatch.observer/filing/0000826154-23-000003.json","markdown":"https://secwatch.observer/filing/0000826154-23-000003.md","text":"https://secwatch.observer/filing/0000826154-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000003/0000826154-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000003/orrf-20230124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:18:05.090378+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f4c691d40efc697ec53226b7251e67b2694472d6","claim":"ORRSTOWN FINANCIAL SERVICES INC reported the quarter and year ended December 31, 2022 results: net income $9.6 million, EPS $0.91.","evidence_excerpt":"On January 24, 2023, Orrstown Financial Services, Inc. (the \"Company\") issued a press release to report earnings for the quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000003/0000826154-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"label":"Net income","value":"$9.6 million"},{"label":"EPS","value":"$0.91"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}