Orrstown Q3 net income $9.0M ($0.87 EPS); net interest margin 3.73%, loan growth 6% annualized

ORRSTOWN FINANCIAL SERVICES INC

2023-Q3 EPS reported $2.68

Net income of $9.0M, diluted EPS $0.87 vs $0.94 in Q2 2023; net interest margin (TE) 3.73% vs 3.83%.
Total loans grew $32.4M (6% annualized); total deposits increased $23.6M in Q3.
Tangible common equity ratio 7.3% (down from 7.5% at June 30) due to $11.2M after-tax unrealized losses.
Board declared $0.20/share dividend payable Nov 14 to holders of record Nov 7.
Non-interest expenses down $0.3M to $20.4M; provision for credit losses was $0.1M.

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 0.95

ORRSTOWN FINANCIAL SERVICES INC reported the three months ended September 30, 2023 results: net income Net income totaled $9.0 million, EPS Diluted earnings per share totaled $0.87.

Period: the three months ended September 30, 2023
Net income: Net income totaled $9.0 million
EPS: Diluted earnings per share totaled $0.87
Result: reported results

Exact text from the filing

On October 24, 2023, Orrstown Financial Services, Inc. (the “Company”) issued a press release to report earnings for the quarter ended September 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 0000826154-23-000141

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