{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-24-000006","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2024-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.013037+00:00","generated_at":"2026-06-06T20:23:17.854825+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Orrstown posts record FY23 net income $35.7M ($3.42 EPS); Q4 EPS $0.73, merger costs $1.1M","bullets":["Full-year 2023 net income $35.7M, up 62% YoY from $22.0M; diluted EPS $3.42 vs $2.06, a record.","Q4 2023 net income $7.6M ($0.73 diluted) vs Q3 $9.0M; adjusted EPS $0.83 excl. $1.1M merger costs.","Dividend declared $0.20/share, payable Feb 13, 2024 to holders of record Feb 6.","Loans grew $31.5M in Q4 (6% annualized); deposits up $12.4M; net interest margin 3.71%.","Tangible book value per share improved to $23.03 from $20.94 at Sep 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-24-000006","json":"https://secwatch.observer/filing/0000826154-24-000006.json","markdown":"https://secwatch.observer/filing/0000826154-24-000006.md","text":"https://secwatch.observer/filing/0000826154-24-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000006/0000826154-24-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000006/orrf-20240123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:23:17.854825+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":"219fbd2894be82f4ff4701670e1201c5a82d6b67","claim":"ORRSTOWN FINANCIAL SERVICES INC reported the three months ended December 31, 2023 results: net income $7.6 million, EPS $0.73.","evidence_excerpt":"Net income totaled $7.6 million for the three months ended December 31, 2023, compared to $9.0 million for the three months ended September 30, 2023 and $9.6 million for the three months ended December 31, 2022. Diluted earnings per share totaled $0.73 for the three months ended December 31, 2023, compared to $0.87 for the three months ended September 30, 2023 and $0.91 for the three months ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000006/0000826154-24-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Net income","value":"$7.6 million"},{"label":"EPS","value":"$0.73"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"73219c24dad5c2074f25d318744e0d93383f844f","claim":"ORRSTOWN FINANCIAL SERVICES INC reported the year ended December 31, 2023 results: net income $35.7 million, EPS $3.42.","evidence_excerpt":"Net income totaled $35.7 million and $22.0 million for the years ended December 31, 2023 and 2022, respectively. Diluted earnings per share totaled $3.42 for the year ended December 31, 2023, compared to diluted earnings per share of $2.06 for the year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000006/0000826154-24-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$35.7 million"},{"label":"EPS","value":"$3.42"},{"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"}