Orrstown Financial Services

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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.

Market capitalization(2018-04-23)

$208.6 M

Total Loans(Q2, 2017)

$934.4 M

Type

Public

Shippensburg, US

Founded

1919

Size (employees)

311 (est)

Website

orrstown.com

Orrstown Financial Services was founded in 1919 and is headquartered in Shippensburg, US

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Orrstown Financial Services Office Locations

Orrstown Financial Services has an office in Shippensburg

Shippensburg, US (HQ)

77 East King Street

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Orrstown Financial Services Financials and Metrics

Orrstown Financial Services Financials

Orrstown Financial Services's revenue was reported to be $61.70 m in FY, 2016 which is a 59.7% increase from the previous period.

Summary

USD
Net income (FY, 2017)	8.1 m
EBIT (FY, 2017)	42.4 m
Market capitalization (23-Apr-2018)	208.6 m
Cash (31-Dec-2017)	29.8 m
EV	356.2 m

Orrstown Financial Services's current market capitalization is $208.6 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	37.1 m	38.2 m	38.6 m	61.7 m
Revenue growth, %		3%	1%	60%
Cost of goods sold	5 m	4.2 m	4.3 m	5.4 m	7.6 m
Gross profit	32.1 m	34 m	34.3 m	56.3 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	13.6 m	14 m	14.5 m	14.7 m	15.6 m	14.8 m	15.2 m	16.2 m	18.1 m
Cost of goods sold	1.2 m	1.1 m	970 k	1.2 m	1.3 m	1.3 m	1.4 m	1.6 m	1.8 m
Gross profit	12.4 m	13 m	13.5 m	13.5 m	14.3 m	13.5 m	13.8 m	14.6 m	16.3 m
Gross profit Margin, %	91%	92%	93%	92%	92%	91%	91%	90%	90%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	37.6 m	31.4 m	28.3 m	30.3 m	29.8 m
Accounts Receivable	3.4 m	3.1 m	3.8 m	14.2 m	8.1 m
Inventories				883.4 m	1 b
PP&E	26.4 m	24.8 m	24 m	34.9 m	34.8 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	70.4 m	30.4 m	40 m	23.8 m	34.3 m	66.9 m	63.6 m	37.6 m	28.6 m	38 m
Accounts Receivable									10.8 m	18.3 m
Inventories	683.6 m	673.3 m	678.9 m	751.5 m	762.9 m	804.7 m	831.9 m	847.1 m	901.3 m	934.4 m
PP&E	26.4 m	26.4 m	26 m	24.3 m	24.2 m	29.7 m	31.4 m	34.6 m	34.8 m	35 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	10 m	29.1 m	7.9 m	6.6 m	8.1 m
Depreciation and Amortization	2.8 m	2.8 m	2.9 m	3 m	3.3 m
Inventories
Accounts Payable

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	7.1 m	2 m	4.9 m	10 m	2.5 m	4 m	6.4 m	2.6 m	3.3 m	4.7 m	2 m	5.3 m
Depreciation and Amortization	2.1 m	765 k	1.5 m	2.1 m	741 k	1.5 m	2.2 m	741 k	1.5 m	2.2 m	895 k	1.5 m
Cash From Operating Activities	16.3 m	4 m	10.7 m	16 m	760 k	4.9 m	8.2 m	5.1 m	5.4 m	10.3 m	3.9 m	7.6 m
Cash From Investing Activities		(12.7 m)	16.2 m	(2.9 m)	6.3 m	(51.6 m)	(80.3 m)	44.7 m	22.1 m	(53 m)	(41.8 m)	(44.2 m)

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Ratios

USD	Y, 2017
EV/EBIT	8.4 x
EV/CFO	21.8 x
Financial Leverage	10.8 x

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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, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 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