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Orrstown Financial Services

OverviewSuggest Edit

Orrstown Financial Services operates as the bank holding company for Orrstown Bank that provides commercial banking and trust services. The Company accepts various deposits. Its loan products include commercial loans, consumer loans, residential mortgage loans, and agribusiness, acquisition and development, municipal, and installment and other loans. The Company also renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary and retail brokerage services. In addition, it offers financial services, such as investment, brokerage, trusts, and life insurance products.

TypePublic
Founded1919
HQShippensburg, USMap
Websiteorrstown.com
View Jobs (20)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)367(+15%)
Job Openings20
Revenue (FY, 2018)$93 M(+357%)
Share Price (Dec 2019)$21.6 (-1%)

Key People/Management at Orrstown Financial Services

Thomas R. Quinn

Thomas R. Quinn

President & Chief Executive Officer
Adam L. Metz

Adam L. Metz

Executive Vice President, Chief Lending Officer
Barbara E. Brobst

Barbara E. Brobst

Executive Vice President, Chief Human ResourcesOfficer
David P. Boyle

David P. Boyle

Executive Vice President, Chief Financial Officer
David Hornberger

David Hornberger

Executive Vice President, Market President
Jeffrey S. Gayman

Jeffrey S. Gayman

Executive Vice President, Market President
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Orrstown Financial Services Office Locations

Orrstown Financial Services has an office in Shippensburg
Shippensburg, US (HQ)
77 E King St
Show all (1)

Orrstown Financial Services Financials and Metrics

Orrstown Financial Services Revenue

Orrstown Financial Services's revenue was reported to be $93 m in FY, 2018
USD

Revenue (Q3, 2019)

38.7m

Net income (Q3, 2019)

6.9m

Market capitalization (2-Dec-2019)

241.7m

Closing stock price (2-Dec-2019)

21.6

Cash (30-Sept-2019)

31.9m

EV

309.6m
Orrstown Financial Services's current market capitalization is $241.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

26.6m23.3m17.8m18.9m19.2m19.7m20.4m93.0m

Revenue growth, %

3%1%60%

Sales and marketing expense

1.2m636.0k1.6m1.7m1.6m1.6m

R&D expense

1.2m574.0k542.0k1.7m2.0m2.4m2.3m2.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

5.2m9.0m6.2m7.0m4.9m4.4m4.7m4.6m4.4m5.1m4.8m5.4m4.9m4.8m5.7m4.5m4.6m4.3m5.6m5.3m5.7m5.5m5.5m5.2m27.6m38.7m

Sales and marketing expense

296.0k276.0k372.0k308.0k434.0k74.0k425.0k218.0k204.0k324.0k471.0k456.0k355.0k433.0k387.0k391.0k325.0k382.0k237.0k279.0k521.0k548.0k279.0k

R&D expense

349.0k375.0k128.0k134.0k171.0k128.0k135.0k106.0k381.0k368.0k460.0k467.0k480.0k491.0k635.0k519.0k532.0k511.0k664.0k527.0k619.0k595.0k661.0k770.0k1.1m830.0k

Operating expense total

2.6m2.8m2.2m1.9m2.3m1.7m1.5m1.6m2.0m2.0m1.7m1.6m2.4m2.1m2.0m2.0m2.0m1.7m2.0m1.9m1.8m1.9m2.0m2.3m3.0m2.5m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

19.6m16.9m13.0m18.2m11.4m30.3m21.7m26.2m

Accounts Receivable

924.3m688.4m652.0m690.2m768.1m14.2m997.2m1.2b

Inventories

883.4m

PP&E

27.2m26.8m26.4m24.8m24.0m34.9m34.8m38.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

14.5m16.2m20.8m15.8m14.0m10.7m13.8m17.5m16.7m13.4m15.5m21.2m15.7m15.0m12.3m12.9m17.8m17.8m19.8m18.3m14.8m18.1m21.9m22.4m35.5m31.9m

Accounts Receivable

976.8m970.8m874.9m806.6m775.1m660.0m655.8m664.0m655.4m658.4m664.4m713.3m737.7m749.3m791.4m818.5m833.2m888.7m921.6m968.4m1.0b1.1b1.1b1.3b1.6b1.6b

PP&E

27.3m27.1m26.9m27.0m26.9m26.5m26.3m26.4m26.4m26.0m25.3m24.3m24.3m24.2m29.7m31.4m34.6m34.8m35.0m35.2m34.4m34.6m35.9m38.1m41.5m43.0m

Goodwill

12.6m19.6m19.9m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(32.0m)(38.5m)10.0m29.1m7.9m6.6m8.1m12.8m

Depreciation and Amortization

2.8m2.6m2.8m2.8m2.9m3.0m3.3m3.6m

Cash From Operating Activities

34.9m18.7m33.0m17.3m12.2m15.6m16.4m22.5m

Purchases of PP&E

(1.4m)(1.6m)(1.9m)(859.0k)(1.5m)(13.4m)(2.7m)(4.8m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(6.8m)(2.5m)(8.2m)(18.1m)(39.5m)1.6m5.0m7.1m2.0m4.9m10.0m2.5m4.0m6.4m2.6m3.3m4.7m2.0m5.3m8.1m3.6m7.6m11.7m3.1m5.8m12.7m

Depreciation and Amortization

1.4m2.1m654.0k1.3m2.0m661.0k1.4m2.1m765.0k1.5m2.1m741.0k1.5m2.2m792.0k1.5m2.2m895.0k1.5m2.4m869.0k1.7m2.6m1.1m2.4m4.0m

Cash From Operating Activities

13.2m20.8m5.4m10.1m10.8m2.1m14.7m16.3m4.0m10.7m16.0m760.0k4.9m8.2m5.1m5.4m10.3m3.9m7.6m9.3m5.0m13.9m15.1m429.0k5.8m3.5m

Purchases of PP&E

(600.0k)(895.0k)(208.0k)(781.0k)(1.2m)(184.0k)(611.0k)(1.2m)(649.0k)(771.0k)(743.0k)(126.0k)(683.0k)(1.2m)(6.3m)(8.6m)(12.4m)(667.0k)(1.5m)(2.4m)(245.0k)(1.1m)(3.1m)(689.0k)(1.5m)(3.2m)
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USDY, 2019

EV/CFO

89.6 x

Financial Leverage

10.4 x
Show all financial metrics

Orrstown Financial Services Operating Metrics

Orrstown Financial Services's Assets Under Management was reported to be $1.2b in FY, 2016. Orrstown Financial Services's Total Loans was reported to be $934.4m in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$1.02 b$966.36 m$1.17 b

Bank Branches

22 22 25

Non-accrual Loans

$14.43 m$13.89 m$10.26 m$16.27 m$16.56 m$15.91 m$14.09 m$13.55 m$7.04 m$6.38 m$5.16 m

Total Loans

$704.95 m$727.29 m$751.53 m$762.86 m$781.71 m$804.70 m$831.93 m$847.06 m$883.39 m$901.33 m$934.38 m
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Orrstown Financial Services Online and Social Media Presence

Orrstown Financial Services's Trends

Embed Graph

Orrstown Financial Services News and Updates

May 01, 2019

Orrstown Financial Services, Inc. and Hamilton Bancorp, Inc. Complete Merger

SHIPPENSBURG, Pa., May 01, 2019 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the bank holding company for Orrstown Bank, announced the successful closing of the previously announced acquisition of Hamilton Bancorp, Inc. (Nasdaq: HBK) (“Hamilton”).
January 23, 2019

Orrstown Financial Services, Inc. Reports 58% Increase in Full Year 2018 Net Income and Announces Quarterly Dividend of $0.15 per Share

Highlights:
December 20, 2018

Orrstown Financial Services, Inc. Completes $32.5 Million Subordinated Debt Offering

October 23, 2018

Orrstown Financial Services, Inc. to Acquire Hamilton Bancorp, Inc.

October 01, 2018

Orrstown Financial Services, Inc. and Mercersburg Financial Corporation Complete Merger

September 28, 2018

Orrstown Financial Services, Inc. Announces Results of Elections Regarding Merger Consideration

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 Orrstown Financial Services Frequently Asked Questions

  • When was Orrstown Financial Services founded?

    Orrstown Financial Services was founded in 1919.

  • Who are Orrstown Financial Services key executives?

    Orrstown Financial Services's key executives are Thomas R. Quinn, Adam L. Metz and Barbara E. Brobst.

  • How many employees does Orrstown Financial Services have?

    Orrstown Financial Services has 367 employees.

  • What is Orrstown Financial Services revenue?

    Latest Orrstown Financial Services annual revenue is $93 m.

  • What is Orrstown Financial Services revenue per employee?

    Latest Orrstown Financial Services revenue per employee is $253.4 k.

  • Who are Orrstown Financial Services competitors?

    Competitors of Orrstown Financial Services include Washington Federal, Umpqua Holdings and Camden National.

  • Where is Orrstown Financial Services headquarters?

    Orrstown Financial Services headquarters is located at 77 E King St, Shippensburg.

  • Where are Orrstown Financial Services offices?

    Orrstown Financial Services has an office in Shippensburg.

  • How many offices does Orrstown Financial Services have?

    Orrstown Financial Services has 1 office.