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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 (18)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)439(+20%)
Job Openings18
Revenue (FY, 2019)$102.5 M(+11%)
Share Price (Oct 2020)$13.4 (-1%)
Cybersecurity ratingAMore

Key People/Management at Orrstown Financial Services

Thomas R. Quinn

Thomas R. Quinn

President & Chief Executive Officer
Barbara E. Brobst

Barbara E. Brobst

Executive Vice President, Chief Human ResourcesOfficer
Thomas R. Brugger

Thomas R. Brugger

Executive Vice President, Chief Financial Officer
Jeffrey S. Gayman

Jeffrey S. Gayman

Executive Vice President, Market President
Robert J. Fignar

Robert J. Fignar

Executive Vice President, Chief Operations & Logistics Officer
Luke M. Bernstein

Luke M. Bernstein

Executive Vice President, Chief Retail Officer
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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 $102.50 m in FY, 2019
USD

Revenue (Q2, 2020)

7.2m

Net income (Q2, 2020)

6.4m

Market capitalization (14-Oct-2020)

150.8m

Closing stock price (14-Oct-2020)

13.4

Cash (30-Jun-2020)

26.7m
Orrstown Financial Services's current market capitalization is $150.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

26.6m23.3m17.8m18.9m19.2m19.7m20.4m93.0m102.5m

Revenue growth, %

3%1%60%

Sales and marketing expense

1.2m636.0k1.6m1.7m1.6m1.6m2.0m

R&D expense

1.2m574.0k542.0k1.7m2.0m2.4m2.3m2.7m3.6m
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, 2019Q1, 2020Q2, 2020

Revenue

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

Sales and marketing expense

296.0k276.0k372.0k308.0k434.0k74.0k425.0k218.0k204.0k324.0k471.0k456.0k355.0k433.0k387.0k391.0k325.0k382.0k237.0k279.0k521.0k548.0k279.0k789.0k167.0k

R&D expense

349.0k375.0k128.0k134.0k171.0k128.0k135.0k106.0k381.0k368.0k460.0k467.0k480.0k491.0k635.0k519.0k532.0k511.0k664.0k527.0k619.0k595.0k661.0k770.0k1.1m830.0k871.0k791.0k

Operating expense total

2.6m2.8m2.2m1.9m2.3m1.7m1.5m1.6m2.0m2.0m1.7m1.6m2.4m2.1m2.0m2.0m2.0m1.7m2.0m1.9m1.8m1.9m2.0m2.3m3.0m2.5m3.2m3.4m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

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

Accounts Receivable

924.3m688.4m652.0m690.2m768.1m14.2m997.2m1.2b1.6b

Inventories

883.4m

PP&E

27.2m26.8m26.4m24.8m24.0m34.9m34.8m38.2m37.5m
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, 2019Q1, 2020Q2, 2020

Cash

14.5m16.2m20.8m15.8m14.0m10.7m13.8m17.5m16.7m13.4m15.5m21.2m15.7m15.0m12.3m12.9m17.8m17.8m19.8m18.3m14.8m18.1m21.9m22.4m35.5m31.9m34.0m26.7m

Accounts Receivable

976.8m970.8m874.9m806.6m775.1m660.0m655.8m664.0m655.4m658.4m664.4m713.3m737.7m749.3m791.4m818.5m833.2m888.7m921.6m968.4m1.0b1.1b1.1b1.3b1.6b1.6b1.6b2.0b

PP&E

27.3m27.1m26.9m27.0m26.9m26.5m26.3m26.4m26.4m26.0m25.3m24.3m24.3m24.2m29.7m31.4m34.6m34.8m35.0m35.2m34.4m34.6m35.9m38.1m41.5m43.0m37.1m37.0m

Goodwill

12.6m19.6m19.9m20.1m18.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(32.0m)(38.5m)10.0m29.1m7.9m6.6m8.1m12.8m16.9m

Depreciation and Amortization

2.8m2.6m2.8m2.8m2.9m3.0m3.3m3.6m5.5m

Cash From Operating Activities

34.9m18.7m33.0m17.3m12.2m15.6m16.4m22.5m9.1m

Purchases of PP&E

(1.4m)(1.6m)(1.9m)(859.0k)(1.5m)(13.4m)(2.7m)(4.8m)(2.9m)
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, 2019Q1, 2020Q2, 2020

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

13.2m20.8m5.4m10.1m10.8m2.1m14.7m16.3m4.0m10.7m16.0m760.0k4.9m8.2m5.1m5.4m10.3m3.9m7.6m9.3m5.0m13.9m15.1m429.0k5.8m3.5m4.4m6.9m

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)(83.0k)(464.0k)
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USDQ2, 2011

Debt/Equity

0.7 x

Debt/Assets

0.1 x

Financial Leverage

10 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Orrstown Financial Services Online and Social Media Presence

Orrstown Financial Services's Trends

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Orrstown Financial Services News and Updates

June 01, 2020

Orrstown Financial Services, Inc. Announces Election of Linford Weaver to Board of Directors

SHIPPENSBURG, Pa., June 01, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) today announced that Linford (Lin) Weaver has been elected to the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective June 1, 2020.
April 03, 2020

Orrstown Financial Services, Inc. Changes its Annual Shareholders Meeting to a Virtual Format

HARRISBURG, Pa., April 03, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown” or “the Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank and Wheatland Advisors, Inc., today announced that, due to the public health and safety concerns related to the coronavirus (COVID…
March 24, 2020

Orrstown Financial Services, Inc. Announces: Initiatives To Assist Clients, Employees and Communities Affected By COVID-19; Changes to Annual Shareholder Meeting; Loan Concentration Data; Suspension of Share Repurchase Activity

HARRISBURG, Pa., March 24, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown" or the “Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”) and Wheatland Advisors, Inc., today announced steps it has taken to mitigate the impact of the COVID-19 virus outbrea…
January 21, 2020

Orrstown Financial Services, Inc. Reports Fourth Quarter 2019 Net Income and Announces Quarterly Dividend of $0.17 per Share

SHIPPENSBURG, Pa., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown" or the “Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”) and Wheatland Advisors, Inc. ("Wheatland"), announced earnings for the three months and year ended December 31, 2019…
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:
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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, Barbara E. Brobst and Thomas R. Brugger.

  • How many employees does Orrstown Financial Services have?

    Orrstown Financial Services has 439 employees.

  • What is Orrstown Financial Services revenue?

    Latest Orrstown Financial Services annual revenue is $102.5 m.

  • What is Orrstown Financial Services revenue per employee?

    Latest Orrstown Financial Services revenue per employee is $233.5 k.

  • Who are Orrstown Financial Services competitors?

    Competitors of Orrstown Financial Services include Thrivent, WaFd Bank and Umpqua Holdings.

  • 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.