---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-24-000068"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:06:27.073304+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orrstown Q1 EPS $0.81 ($0.88 adjusted); nonaccrual loans halved to $12.9M; deposits up $137M

## Summary
- Diluted EPS $0.81 ($0.88 adjusted); net income $8.5M vs $7.6M in Q4 2023.
- Nonaccrual loans fell to $12.9M (0.56% of loans) from $25.5M after $13.4M CRE loan payoff.
- Net interest margin 3.77% (3.71% Q4) aided by $1.6M interest recovery on payoff.
- Deposits grew $137M to $2.7B; loan-to-deposit ratio improved to 85% from 90%.
- Dividend $0.20/share payable May 14; tangible book value $23.47 (+$0.44 QoQ).

## SEC filing metadata
- accession: 0000826154-24-000068
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2024-04-23T23:59:59+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/826154/000082615424000068/0000826154-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615424000068/orrf-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-24-000068
- JSON: https://secwatch.observer/filing/0000826154-24-000068.json
- Plain text: https://secwatch.observer/filing/0000826154-24-000068.txt

## Key facts
- Earnings Releases
  ORRSTOWN FINANCIAL SERVICES INC reported three months ended March 31, 2024 results: net income $8.5 million, EPS $0.81.
  - Period: three months ended March 31, 2024
  - Net income: $8.5 million
  - EPS: $0.81
  - Result: reported results
  source text: Net income totaled $8.5 million for the three months ended March 31, 2024, compared to $7.6 million for the three months ended December 31, 2023 and $9.2 million for the three months ended March 31, 2023. Diluted earnings per share totaled $0.81 for the three months ended March 31, 2024, compared to $0.73 for the three months ended December 31, 2023 and $0.87 for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826154/000082615424000068/0000826154-24-000068-index.htm

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