Orrstown: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:45 PM ET
Last Updated - Apr 24, 2024, 03:24 AM EDT
SHIPPENSBURG, Pa. (AP) — SHIPPENSBURG, Pa. (AP) — Orrstown Financial Services Inc. (ORRF) on Tuesday reported net income of $8.5 million in its first quarter.
The bank, based in Shippensburg, Pennsylvania, said it had earnings of 81 cents per share. Earnings, adjusted for one-time gains and costs, were 88 cents per share.
The holding company for Orrstown Bank posted revenue of $49.3 million in the period. Its revenue net of interest expense was $33.5 million, exceeding Street forecasts.
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