Detail akcie Orrstown online

Business Summary: Orrstown Financial Services, Inc. is a financial holding company for its wholly owned subsidiary Orrstown Bank (the Bank). The Company provides banking and financial advisory services located in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company’s lending area also includes adjacent counties in Pennsylvania and Maryland, as well as Loudon County, Virginia and Berkeley, Jefferson and Morgan Counties, West Virginia. The Bank operates in the community banking segment and engages in lending activities, including commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending and deposit services, including checking, savings, time, and money market deposits. The Bank also provides fiduciary, investment advisory, insurance, and brokerage services.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Orrstown Financial Services Inc interest income increased 38% to $149.9M. Net interest income after loan loss provision increased 8% to $103.2M. Net income increased 62% to $35.7M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 35% to $126.6M, Investment securities - taxable increase of 76% to $18M.