other material
confidence high
sentiment neutral
materiality 0.60
Orrstown files pro forma financials for $234M merger with Codorus Valley, combined assets $5.4B
ORRSTOWN FINANCIAL SERVICES INC
- Pro forma combined total assets of $5.39B at March 31, 2024.
- Pro forma net income of $41.0M for FY2023 and $16.4M for Q1 2024.
- Purchase price of $234M; goodwill of $47.2M recorded.
- Audited financial statements of Codorus Valley for 2022-2023 and unaudited Q1 2024 furnished.