Orrstown: 3Q Earnings Snapshot
SHIPPENSBURG, Pa. (AP) _ Orrstown Financial Services Inc. (ORRF) on Wednesday reported third-quarter earnings of $6.9 million.
The Shippensburg, Pennsylvania-based bank said it had earnings of 62 cents per share. Earnings, adjusted for non-recurring gains, came to 46 cents per share.
The holding company for Orrstown Bank posted revenue of $33.4 million in the period. Its revenue net of interest expense was $26.7 million, surpassing Street forecasts.
Orrstown shares have risen 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.25, a fall of nearly 4% in the last 12 months.