News about Orrstown Financial

Orrstown reported net income of $22.8 million, or $1.17 per diluted share, for the third quarter of 2026, up from $21.2 million, or $1.09 per share, in the second quarter. Net interest margin on a tax-equivalent basis rose 25 basis points to 4.12%, and the efficiency ratio improved to 56.0% from 60.1%. Loans held for investment increased $95.3 million, or about 9% annualized, while nonaccrual loans fell to 0.54% of total loans from 0.58%. Total deposits decreased $38.1 million. The Board declared a cash dividend of $0.30 per common share, payable November 10, 2026.