AP NEWS

Orrstown: 4Q Earnings Snapshot

January 23, 2019

SHIPPENSBURG, Pa. (AP) _ Orrstown Financial Services Inc. (ORRF) on Wednesday reported net income of $1.2 million in its fourth quarter.

The bank, based in Shippensburg, Pennsylvania, said it had earnings of 12 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 36 cents per share.

The holding company for Orrstown Bank posted revenue of $24.2 million in the period. Its revenue net of interest expense was $19.8 million, missing Street forecasts.

For the year, the company reported profit of $12.8 million, or $1.50 per share. Revenue was reported as $73.2 million.

Orrstown shares have increased 6.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.40, a fall of 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORRF at https://www.zacks.com/ap/ORRF

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