ORRSTOWN FINANCIAL SERVICES INC — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Orrstown Financial Services reported Q2 2026 net income of $21.2 million ($1.09 diluted EPS) versus $21.8 million in Q1 2026. On June 30, 2026, the company redeemed $31.0 million in subordinated notes at 7.72% interest (assumed from Codorus Valley Bancorp in July 2024), amortizing a $1.6 million fair value mark to interest expense. Loans grew $51.7 million (5% annualized); nonaccrual loans improved to 0.58% of total loans from 0.74%; tangible book value per share increased to $26.71 from $25.76.
Why this rating
Routine quarterly earnings with modest debt reduction. Debt paydown ($31M = 5.2% of market cap) is positive but non-recurring. Loan/credit metrics solid. No strategic change or material event.
See more from July 22, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.