---
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"
generated_at: "2026-06-20T11:18:05.090378+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orrstown Q4 net income $9.6M, EPS $0.91; full-year adj. EPS $3.25; dividend raised to $0.20

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-23-000003
- JSON: https://secwatch.observer/filing/0000826154-23-000003.json
- Plain text: https://secwatch.observer/filing/0000826154-23-000003.txt

## Key facts
- Earnings Releases
  ORRSTOWN FINANCIAL SERVICES INC reported the quarter and year ended December 31, 2022 results: net income $9.6 million, EPS $0.91.
  - Period: the quarter and year ended December 31, 2022
  - Net income: $9.6 million
  - EPS: $0.91
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/826154/000082615423000003/0000826154-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.