Orrstown Financial Services Inc (NAS:ORRF)

Q2 2026 Orrstown Financial Services Inc Earnings Call Transcript

Jul 22, 2026 / 01:00PM GMT

Release Date Price: $41.37 (+0.27%)

Transcript 8-K

Key Points

Positve

Orrstown Financial Services Inc (ORRF) reported strong net income of $21.2 million or $1.09 per diluted share.
The company's net interest margin improved to 4% during the quarter, excluding a one-time charge.
Credit quality remains strong with a decrease in classified and non-accrual loans.
Wealth management income reached a record high of $5.9 million for the quarter.
The company declared a quarterly dividend of $0.30 per share, reflecting confidence in future earnings.

Negative

Fee income declined to $13.8 million from $15.6 million in the previous quarter.
Non-interest expenses increased by $938,000 due to higher salaries and healthcare costs.
Deposits declined by $7.4 million in the second quarter, indicating potential challenges in deposit growth.
The redemption of subordinated debt resulted in a $1.6 million charge, impacting short-term financials.
The deposit environment remains competitive, posing risks to future pricing pressures and deposit generation.

Operator

Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Orrstown Financial Services, Inc. second-quarter 2026 earnings conference call. (Operator Instructions) I will now turn the call over to Adam Metz, President and Chief Executive Officer of Orrstown Financial Services, Inc., and Orrstown Bank, who will begin the conference. Mr. Metz, please go ahead.

Adam Metz

Orrstown Financial Services Inc - President, Chief Executive Officer, Director of the Company and the Bank

Thank you, Regina, and good morning. I would like to thank everyone for participating in Orrstown's second-quarter 2026 earnings conference call, both by telephone and through the webcast. If you have not read the earnings release we issued yesterday afternoon, you may access it along with the financial tables and schedules by going to our website, www.orrstown.com. Once there, you can click the investor relations link and then on the events and

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