secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001628280-26-026395
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orrstown Q1 net income $21.8M ($1.12 EPS); deposits grow $98.7M, NIM down to 3.90%
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- Net income $21.8M, diluted EPS $1.12 vs $1.11 Q4'25 and $0.93 Q1'25; ROAA 1.59%, ROAE 14.76%.
- Net interest margin (tax-equiv) 3.90%, 10 bp decline from 4.00% in Q4 2025 due to lower loan yields.
- Loans +$40.6M (4% annualized), deposits +$98.7M, borrowings -$68.0M; loan-to-deposit 88%.
- Noninterest income $15.6M (+$1.2M QoQ) from $2.4M life insurance death benefits; expenses down $0.7M.
- Cash dividend $0.30/share payable May 12, record May 5; tangible book value $25.76 (+2.2% QoQ).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000162828026026395/0001628280-26-026395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000162828026026395/orrf-20260421.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026395

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