---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-23-000123"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:44:05.411524+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000826154-23-000123
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615423000123/0000826154-23-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615423000123/orrf-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-23-000123
- JSON: https://secwatch.observer/filing/0000826154-23-000123.json
- Plain text: https://secwatch.observer/filing/0000826154-23-000123.txt

## Key facts
- Earnings Releases
  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
  source text: On July 25, 2023, Orrstown Financial Services, Inc. (the “Company”) issued a press release to report earnings for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826154/000082615423000123/0000826154-23-000123-index.htm

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