Orrstown: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 04:34 PM ET
Last Updated - Jul 23, 2024, 04:34 PM EDT
SHIPPENSBURG, Pa. (AP) — SHIPPENSBURG, Pa. (AP) — Orrstown Financial Services Inc. (ORRF) on Tuesday reported net income of $7.7 million in its second quarter.
The bank, based in Shippensburg, Pennsylvania, said it had earnings of 73 cents per share. Earnings, adjusted for one-time gains and costs, came to 83 cents per share.
The holding company for Orrstown Bank posted revenue of $50.5 million in the period. Its revenue net of interest expense was $33.3 million, surpassing Street forecasts.
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