---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-24-000216"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T12:07:40.936929+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Orrstown Financial Services reports Q3 2024 net loss of $7.9M after merger with Codorus Valley Bancorp

## Summary
- Net loss was $7.9M ($0.41 per diluted share) for Q3 2024, vs net income of $7.7M in Q2 2024.
- Excluding non-recurring merger and retirement charges, adjusted net income was $21.4M, or $1.11 per diluted share.
- Board declared a cash dividend of $0.23 per common share, payable Nov 12, 2024 to holders of record Nov 5.
- Merger with Codorus Valley Bancorp closed July 1, adding $2.2B in assets, $1.6B loans, and $1.9B deposits.
- Provision for credit losses was $13.7M; nonaccrual loans rose to $26.9M, including $12.8M from Codorus.

## SEC filing metadata
- accession: 0000826154-24-000216
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615424000216/0000826154-24-000216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615424000216/orrf-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-24-000216
- JSON: https://secwatch.observer/filing/0000826154-24-000216.json
- Plain text: https://secwatch.observer/filing/0000826154-24-000216.txt

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