secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000826154-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orrstown Q4 net income $13.7M ($0.71 EPS); raises dividend 13% to $0.26
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000082615425000012/0000826154-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000082615425000012/orrf-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000826154-25-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer