ORRF

MKT CAP:$716M

Orrstown Financial Services, Inc.

Market Cap

$716M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$36.51+$1.60 (+4.58%)

Apr 24, 2026

Company Details

Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, a...

CEO

Thomas Rodney Quinn Jr.

IPO Date

May 13, 1999

Website

www.orrstown.com

Key Metrics TTM

Revenue

$357M

+11.1% YoY

Net Income

$85M

EPS (Diluted)

$4.54

Free Cash Flow

$70M

Revenue / Share

$18.41

Gross Margin

71.1%

Operating Margin

30.1%

Net Margin

23.7%

FCF Margin

19.7%

P/S

2.0x

P/E

8.5x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$90M+4.0%EPS $1.12

FY 2025

Mar 12, 2026

$354M+24.6%EPS $4.35

Q4 2025

Mar 12, 2026

$91M+0.2%EPS $1.28

Q3 2025

Nov 6, 2025

$90M-5.3%EPS $1.13

Q2 2025

Aug 8, 2025

$87M+73.9%EPS $1.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$32M	$29M	$11M
Q3 22	$33M	$30M	-$6M
Q4 22	$38M	$33M	$12M
Q1 23	$40M	$31M	$11M
Q2 23	$44M	$33M	$12M
Q3 23	$44M	$32M	$12M
Q4 23	$46M	$32M	$10M
Q1 24	$49M	$33M	$11M
Q2 24	$50M	$32M	$10M
Q3 24	$95M	$50M	-$10M
Q4 24	$90M	$59M	$17M
Q1 25	$86M	$60M	$23M
Q2 25	$87M	$62M	$25M
Q3 25	$90M	$63M	$28M
Q4 25	$91M	$65M	$28M
Q1 26	$90M	$64M	$28M

Valuation

Quarter	P/S	P/E
Q2 22	2.1x	8.3x
Q3 22	2.0x	13.4x
Q4 22	1.8x	10.8x
Q1 23	1.5x	9.2x
Q2 23	1.3x	8.5x
Q3 23	1.3x	5.7x
Q4 23	1.7x	8.5x
Q1 24	1.5x	7.7x
Q2 24	1.6x	9.0x
Q3 24	1.6x	23.3x
Q4 24	2.5x	31.6x
Q1 25	1.8x	18.3x
Q2 25	1.7x	14.1x
Q3 25	1.8x	8.9x
Q4 25	1.9x	8.5x
Q1 26	1.7x	7.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$7M	$6M
Q2 22	$19M	$18M
Q3 22	$12M	$12M
Q4 22	-$2M	-$2M
Q1 23	$5M	$5M
Q2 23	$16M	$15M
Q3 23	$8M	$8M
Q4 23	$14M	$13M
Q1 24	$13M	$13M
Q2 24	$6M	$6M
Q3 24	$7M	$7M
Q4 24	$8M	$7M
Q1 25	$11M	$9M
Q2 25	$24M	$24M
Q3 25	$23M	$22M
Q4 25	$16M	$16M

Capital Expenditures

Quarter	CapEx
Q1 22	$235.0K
Q2 22	$237.0K
Q3 22	$333.0K
Q4 22	$90.0K
Q1 23	$248.0K
Q2 23	$1M
Q3 23	$266.0K
Q4 23	$522.0K
Q1 24	$63.0K
Q2 24	$37.0K
Q3 24	$363.0K
Q4 24	$1M
Q1 25	$2M
Q2 25	$790.0K
Q3 25	$506.0K
Q4 25	$624.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+7.4%	+12.5%
Q3 22	+12.2%	+91.3%
Q4 22	+23.0%	+16.7%
Q1 23	+29.4%	+39.3%
Q2 23	+35.8%	+46.0%
Q3 23	+33.6%	-17.2%
Q4 23	+21.6%	+39.8%
Q1 24	+22.1%	+33.2%
Q2 24	+14.5%	+28.4%
Q3 24	+113.5%	+219.1%
Q4 24	+95.8%	+100.9%
Q1 25	+76.7%	+66.8%
Q2 25	+73.9%	+55.0%
Q3 25	-5.3%	-40.7%
Q4 25	+0.2%	-14.0%
Q1 26	+4.0%	-2.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$338.0K	1.1%
Q2 22	$529.0K	1.6%
Q3 22	$741.0K	2.2%
Q4 22	$546.0K	1.4%
Q1 23	$619.0K	1.5%
Q2 23	$535.0K	1.2%
Q3 23	$609.0K	1.4%
Q4 23	$593.0K	1.3%
Q1 24	$967.0K	2.0%
Q2 24	$864.0K	1.7%
Q3 24	$6M	6.0%
Q4 24	$1M	1.4%
Q1 25	$1M	1.6%
Q2 25	$1M	1.5%
Q3 25	$1M	1.5%
Q4 25	-$3M	-3.6%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$12M	$881.0K
Q3 22	$13M	$278.0K
Q4 22	$13M	$750.0K
Q1 23	$13M	$405.0K
Q2 23	$14M	$919.0K
Q3 23	$14M	$332.0K
Q4 23	$14M	$501.0K
Q1 24	$14M	$398.0K
Q2 24	$14M	$774.0K
Q3 24	$28M	$537.0K
Q4 24	$24M	$878.0K
Q1 25	$21M	$499.0K
Q2 25	$22M	$1M
Q3 25	$22M	$154.0K
Q4 25	$22M	$561.0K
Q1 26	$25M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$112M	$513M	$625M
Q3 22	$67M	$504M	$571M
Q4 22	$61M	$514M	$575M
Q1 23	$98M	$520M	$619M
Q2 23	$76M	$509M	$585M
Q3 23	$95M	$495M	$590M
Q4 23	$65M	$514M	$579M
Q1 24	$183M	$515M	$698M
Q2 24	$133M	$529M	$662M
Q3 24	$237M	$827M	$1.1B
Q4 24	$249M	$830M	$1.1B
Q1 25	$287M	$0	$287M
Q2 25	$149M	$666M	$816M
Q3 25	$184M	$667M	$851M
Q4 25	$42M	$953M	$995M
Q1 26	$49M	$947M	$996M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	11M	-2.4%	-3.3%
Q3 22	10M	-3.5%	-6.8%
Q4 22	11M	+1.7%	-5.1%
Q1 23	10M	-0.5%	-4.6%
Q2 23	10M	-0.7%	-3.0%
Q3 23	10M	-0.2%	+0.3%
Q4 23	10M	+0.1%	-1.2%
Q1 24	10M	+0.6%	-0.1%
Q2 24	11M	+0.7%	+1.3%
Q3 24	19M	+82.2%	+84.8%
Q4 24	19M	+0.4%	+85.2%
Q1 25	19M	+0.1%	+84.4%
Q2 25	19M	+0.1%	+83.3%
Q3 25	19M	+0.1%	+0.7%
Q4 25	17M	-13.5%	-13.2%
Q1 26	19M	+15.8%	+0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$78.2K	412
Q3 22	$80.5K	412
Q4 22	$94.0K	404
Q1 23	$99.2K	404
Q2 23	$108.3K	404
Q3 23	$109.7K	404
Q4 23	$112.7K	410
Q1 24	$119.3K	410
Q2 24	$122.2K	410
Q3 24	$230.7K	410
Q4 24	$149.0K	607
Q1 25	$142.4K	607
Q2 25	$143.5K	607
Q3 25	$147.6K	607
Q4 25	$144.6K	627
Q1 26	$143.4K	627

Revenue / Employee