Orrstown Financial Services, Inc. · NASDAQ:ORRF
Orrstown Financial Services — Q3 2026 Earnings Presentation
17 slides from Orrstown Financial Services's earnings presentation, Oct 21, 2026
Slide 1: Earnings Presentation Third Quarter 2026
Earnings Presentation Third Quarter 2026 October 21, 2026
Slide 2: Cautionary Note Regarding Forward Looking Statements | Non-GAAP Disclosures
Cautionary Note Regarding Forward Looking Statements | Non-GAAP Disclosures This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements reflect the current views of the Company's manag
Slide 3: Financial Highlights
Financial Highlights Quarterly Commentary • Delivered strong quarterly earnings of $22.8 million, or $1.17 per diluted share, reflecting continued operating momentum. • Net interest income rose $4.5 million to $53.3 million, while the net interest margin increased to 4.12%. • Loans increased $95.3 m
Slide 4: Net Interest Margin
Net Interest Margin Net Interest Income and Margin 1 Change in Deposit Cost 2 • Net interest income increased $4.5 million to $53.3 million in the Yields on Assets and Liabilities third quarter of 2026, compared with $48.8 million in the prior quarter. o The tax-equivalent net interest margin expand
Slide 5: Fee Income
Fee Income Non-Interest Income Non-Interest Income Breakout 1 $ In Millions • Noninterest income totaled $13.4 million, decreasing $0.4 million from the prior quarter. o Wealth management income increased to $6.0 million for the quarter, compared to $5.9 million in the second quarter. o Swap fee inc
Slide 6: Non-Interest Expenses
Non-Interest Expenses Non-Interest Expenses Efficiency Ratio $ In Millions 1 • Noninterest expenses totaled $37.3 million for the quarter, a decline of $0.4 million from the prior quarter. o Salaries and benefits increased modestly to $22.4 million, reflecting merit-based salary increases and one ad
Slide 7: Credit Quality
Credit Quality Charge-offs & Non-Performing Loans • The allowance for credit losses (ACL) totaled $46.8 million at September 30, 2026, or 1.11% of total loans. o The Bank recorded $1.1 million of provision expense which resulted from strong loan growth, $1.0 million of net charge-offs and updates to
Slide 8: Earnings & Key Performance Metrics
Earnings & Key Performance Metrics Earnings Tangible Common Equity and TCE/TA % Return on Average Assets & Equity Tangible Book Value per Share (“TBVPS”) • The decreases in tangible book value per common share and the tangible common equity ratio were primarily due to the net unrealized losses on in
Slide 9: Loans
Loans Trend 1 Composition 2 $ In Millions Yield on Loans: 6.35% 3 • Loans grew $95.3 million, or approximately 9% annualized, to $4.2 billion in the three-months ended September 30, 2026. o Commercial loans increased $45.4 million, or 6% annualized, highlighted by strong growth in the commercial and
Slide 10: Deposits
Deposits Trend 1 Composition 2 $ In Millions Cost of Deposits: 1.83% 3 • Deposits, which declined $38.1 million during the quarter, totaled $4.6 billion at September 30, 2026. o Despite the recent declines, some of which were seasonal, deposits have increased by $53.1 million for the year. o Money m
Slide 11: Investments
Investments Portfolio Metrics Composition 3 Total Portfolio (FV) $919.4MM % of Assets 16.1% Duration 4.2 Years Yield 4.54% AOCI (After Tax Effect) ($51.1MM) Trends – Balances / AOCI / Yields 1,2 • The investment portfolio declined by $29.9 million to $919.4 million as of September 30, 2026. o Purcha
Slide 12: Capital
Capital Total Risk Based Capital Ratio • Ratios remain sound and capital generation expectations are strong going forward. • All capital ratios applicable to the Company and Bank were above relevant regulatory minimum levels to be deemed "well capitalized" under current bank regulatory guidelines. T
Slide 13: Guidance through 2027
Guidance through 2027 Loan 5.0% annualized growth Growth Margin Range: 4.05% to 4.15% Non-Interest Range: $54.0 million to $56.0 million (annualized) Income Non-Interest Expenses Range: $153.0 million to $157.0 million (annualized) Effective Approximately 21% Tax Rate 13
Slide 14: Orrstown Financial Services, Inc.
ORRSTOWN FINANCIAL SERVICES, INC.
Slide 15: Reconciliation of Non-GAAP Measures to GAAP Results
Reconciliation of Non-GAAP Measures to GAAP Results As a result of acquisitions, the Company has intangible assets consisting of goodwill and core deposit and other intangible assets. Management believes providing certain “non-GAAP” financial information will assist investors in their understanding
Slide 16: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 16
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 17
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