secwatch.observer — SEC 8-K summary
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Issuer:     ORRSTOWN FINANCIAL SERVICES INC (ORRF)
CIK:        0000826154
Form:       8-K
Filed at:   2026-07-22T12:00:19+00:00
Accession:  0001628280-26-049110
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orrstown Q2 net income $21.2M ($1.09 EPS); NIM 3.87%; loans up 5% annualized; dividend $0.30
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- Net income $21.2M ($1.09 diluted EPS) vs $21.8M ($1.12) in Q1 2026 and $19.4M ($1.01) in Q2 2025.
- Net interest margin (tax-equivalent) 3.87% vs 3.90% Q1; adjusted NIM 4.00% excluding subordinated note fair value mark amortization.
- Loans held for investment increased $51.7M (5% annualized) to $4.1B; nonaccrual loans fell to 0.58% from 0.74%.
- Redeemed $31M 4.50% subordinated notes on June 30; recorded $1.6M fair value mark amortization in interest expense.
- Board declared $0.30/share dividend payable Aug 11, 2026; tangible book value per share rose to $26.71 from $25.76.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826154/000162828026049110/0001628280-26-049110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826154/000162828026049110/orrf-20260721.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049110

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