earnings
confidence high
sentiment positive
materiality 0.72
Orrstown Q4 net income $13.7M ($0.71 EPS); raises dividend 13% to $0.26
ORRSTOWN FINANCIAL SERVICES INC
2024-FY EPS reported
$1.48
revenue$27,312,000
- Net income of $13.7M vs Q3 net loss of $7.9M; adjusted net income $16.7M ($0.87 EPS).
- Quarterly dividend increased 13% to $0.26 per share, payable Feb 21, 2025.
- Net interest margin (tax-equivalent) 4.05% vs 4.14% prior Q; net accretion of $7.2M.
- Loans declined $50.2M to $3.9B due to strategic de-risking; classified loans down $16.9M.
- Achieved 18% cost-save target for combined operating run rate; merger expenses $3.9M vs $17M Q3.