Orrstown Q2 net income $9.8M ($0.94 EPS); NIM 3.83%, dividend $0.20

ORRSTOWN FINANCIAL SERVICES INC

2023-Q2 EPS reported $1.82

Net income $9.8M ($0.94 diluted EPS) vs $0.87 Q1 and $0.83 year ago.
Net interest margin 3.83% (down from 3.94% Q1) due to higher funding costs.
Noninterest income $7.2M including $1.2M gain from Path Valley branch sale.
Deposits up $7.2M; uninsured deposits at 16% vs 19% prior quarter.
TBVPS $21.19; bought back 76,330 shares at $18.58 avg.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ORRSTOWN FINANCIAL SERVICES INC reported the quarter ended June 30, 2023 results: net income Net income of $9.8 million, EPS diluted earnings per share of $0.94.

Period: the quarter ended June 30, 2023
Net income: Net income of $9.8 million
EPS: diluted earnings per share of $0.94
Result: reported results

Exact text from the filing

On July 25, 2023, Orrstown Financial Services, Inc. (the “Company”) issued a press release to report earnings for the quarter ended June 30, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

ORRSTOWN FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0000826154-23-000123

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