A Business at a Glance
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ORRSTOWN FINANCIAL SERVICES INC
ORRF
$823M
Mkt Cap
$42.56
+1.43%
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a current P/E ratio of 10.8, compared to its historical median P/E of 10.3. The stock is currently considered Fair based on its historical valuation range.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a 5-year average return on invested capital (ROIC) of 9.9%. This is below average and may indicate limited pricing power.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a market capitalization of $823M. It is classified as a small-cap stock.
Yes, ORRSTOWN FINANCIAL SERVICES INC (ORRF) pays a dividend with a trailing twelve-month yield of 2.51%. The company also returns capital through share buybacks, with a buyback yield of 0.03%.
Based on historical P/E analysis, ORRSTOWN FINANCIAL SERVICES INC (ORRF) appears fair. The current P/E of 10.8 is 5% above its historical median of 10.3. The estimated fair value CAGR (P/E method) is 7.2%.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) operates in the State Commercial Banks industry, within the Financials sector.
Table of Contents ITEM 1 – BUSINESS Orrstown Financial Services, Inc., a Pennsylvania corporation, is the financial holding company ("FHC") for its wholly-owned subsidiary Orrstown Bank. The Company’s principal executive offices are located at 4750 Lindle Road, Harrisburg, Pennsylvania, 17111, with additional executive and administrative offices at 77 East King Street, Shippensburg, Pennsylvania and 105 Leader Heights Road, York, Pennsylvania. The Parent Company was organized on November 17, 1987 for the purpose of acquiring the Bank and such other banks and bank-related activities as are permitted by law. The Company provides banking and financial advisory services located in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Harford, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 356M | 356M | 286M | 176M | 136M | 123M |
| Net Income | 81M | 81M | 22M | 36M | 22M | 33M |
| EPS | $4.18 | $4.18 | $1.48 | $1.71 | $1.03 | $1.48 |
| Free Cash Flow | 70M | 70M | 33M | 41M | 35M | 40M |
| ROIC | 18.3% | 14.6% | 5.4% | 11.1% | 7.2% | 11.4% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.15 | 0.54 | 0.09 |
| Dividends/Share | $1.07 | $1.06 | $0.86 | $0.40 | $0.38 | $0.37 |
| Operating Income | 103M | 103M | 1.2M | 45M | 27M | 41M |
| Operating Margin | 28.8% | 28.8% | 0.4% | 25.7% | 19.6% | 33.3% |
| ROE | 13.7% | 14.6% | 5.6% | 14.4% | 8.8% | 12.7% |
| Shares Outstanding | 19M | 19M | 15M | 21M | 21M | 22M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 57M | 58M | 62M | 71M | 87M | 122M | 128M | 123M | 136M | 176M | 286M | 356M | 356M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 24M | 24M | 26M | 30M | 33M | 39M | 43M | 44M | 48M | 51M | 77M | 85M | 85M |
| EBIT | 13M | 9.5M | 591K | 12M | 14M | 20M | 33M | 41M | 27M | 45M | 1.2M | 103M | 103M |
| Op. Margin | 22.8% | 16.4% | 1.0% | 17.4% | 16.7% | 16.2% | 25.4% | 33.3% | 19.6% | 25.7% | 0.4% | 28.8% | 28.8% |
| Net Income | 29M | 7.9M | 6.6M | 8.1M | 13M | 17M | 26M | 33M | 22M | 36M | 22M | 81M | 81M |
| Net Margin | 51.1% | 13.6% | 10.7% | 11.3% | 14.8% | 13.9% | 20.7% | 26.8% | 16.3% | 20.3% | 7.7% | 22.7% | 22.7% |
| Non-Recurring | -41K | 0 | -147K | 18K | -12K | -139K | 1.6M | -22K | 2.6M | -252K | -85K | 72K | 72K |
| Returns on Capital | |||||||||||||
| ROIC | 23.4% | 5.3% | 4.2% | 4.2% | 5.3% | 4.9% | 7.2% | 11.4% | 7.2% | 11.1% | 5.4% | 14.6% | 18.3% |
| ROE | 26.6% | 6.0% | 4.9% | 5.8% | 8.0% | 8.5% | 11.3% | 12.7% | 8.8% | 14.4% | 5.6% | 14.6% | 13.7% |
| ROA | 2.5% | 0.6% | 0.5% | 0.5% | 0.7% | 0.8% | 1.0% | 1.2% | 0.8% | 1.2% | 0.5% | 1.5% | 1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 17M | 12M | 16M | 16M | 22M | 9.1M | 30M | 41M | 36M | 44M | 35M | 75M | 75M |
| Free Cash Flow | 16M | 11M | 2.2M | 14M | 18M | 6.2M | 29M | 40M | 35M | 41M | 33M | 70M | 70M |
| Owner Earnings | 14M | 8.5M | 12M | 12M | 17M | 2.0M | 22M | 34M | 29M | 37M | 17M | 35M | 35M |
| CapEx | 859K | 1.5M | 13M | 2.7M | 4.8M | 2.9M | 1.3M | 1.3M | 895K | 2.3M | 1.6M | 4.2M | 4.2M |
| Maint. CapEx | 2.8M | 2.9M | 3.0M | 3.3M | 3.6M | 5.5M | 6.6M | 5.3M | 4.6M | 4.3M | 9.7M | 35M | 35M |
| Growth CapEx | 0 | 0 | 10M | 0 | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.8M | 2.9M | 3.0M | 3.3M | 3.6M | 5.5M | 6.6M | 5.3M | 4.6M | 4.3M | 9.7M | 35M | 35M |
| CapEx/OCF | 5.0% | 12.1% | 85.8% | 16.2% | 21.3% | 32.0% | 4.3% | 3.1% | 2.5% | 5.2% | 4.5% | N/A | 5.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 1.8M | 2.9M | 3.5M | 4.4M | 6.2M | 7.6M | 8.3M | 8.3M | 8.5M | 13M | 21M | 21M |
| Dividend Yield | N/A | 0.9% | 1.2% | 1.2% | 1.3% | 1.7% | 2.7% | 1.9% | 1.7% | 2.0% | 3.0% | N/A | 2.5% |
| Share Buybacks | 0 | 809K | 631K | 0 | 0 | 0 | 1.2M | 1.9M | 14M | 2.6M | 0 | 263K | 263K |
| Buyback Yield | N/A | 0.8% | 0.4% | N/A | N/A | N/A | 0.8% | 0.8% | 6.2% | 0.9% | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 190K | 740K | 958K | 1.4M | 1.5M | 1.6M | 2.1M | 1.9M | 2.2M | 2.4M | 8.7M | 5.0M | 5.0M |
| Debt Repayment | 11M | 10M | 332K | 20M | 365K | 92M | 135M | 3.8M | 99M | 15M | 14M | 38M | 38M |
| Balance Sheet | |||||||||||||
| Net Debt | -268M | -292M | -318M | -268M | -407M | -329M | -514M | -656M | -451M | -25M | -249M | -149M | -149M |
| Cash & Equiv. | -6.2M | 11M | 30M | 30M | 89M | 56M | 125M | 209M | 61M | 65M | 249M | 150M | 150M |
| Long-Term Debt | 15M | 24M | 24M | 84M | 83M | 210M | 58M | 1.9M | 106M | 40M | N/A | N/A | 402K |
| Debt/Equity | 0.80 | 0.85 | 0.83 | 1.23 | 0.85 | 0.98 | 0.31 | 0.09 | 0.54 | 0.15 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 4.1 | 3.2 | 2.5 | 2.6 | 2.1 | 1.8 | 3.0 | 7.1 | 3.9 | 2.2 | 1.3 | 0.0 | 1.0 |
| Equity | 127M | 133M | 135M | 145M | 173M | 223M | 246M | 272M | 229M | 265M | 517M | 592M | 592M |
| Total Assets | 1.2B | 1.3B | 1.4B | 1.6B | 1.9B | 2.4B | 2.8B | 2.8B | 2.9B | 3.1B | 5.4B | 5.5B | 5.5B |
| Total Liabilities | 1.1B | 1.2B | 1.3B | 1.4B | 1.8B | 2.2B | 2.5B | 2.6B | 2.7B | 2.8B | 4.9B | 5.0B | 5.0B |
| Intangibles | 414K | 207K | 458K | 356K | 3.9M | 7.2M | 5.5M | 4.2M | 3.1M | 2.4M | 48M | 38M | 38M |
| Retained Earnings | 1.9M | 7.9M | 12M | 16M | 24M | 35M | 54M | 79M | 92M | 118M | 127M | 187M | 187M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 1.80 | 0.49 | 0.41 | 0.49 | 0.75 | 0.81 | 1.20 | 1.48 | 1.03 | 1.71 | 1.48 | 4.18 | 4.18 |
| Owner EPS | 0.88 | 0.52 | 0.71 | 0.71 | 1.02 | 0.09 | 0.98 | 1.51 | 1.37 | 1.77 | 1.11 | 1.79 | 1.79 |
| Book Value | 7.84 | 8.20 | 8.24 | 8.77 | 10.16 | 10.62 | 11.17 | 12.23 | 10.70 | 12.71 | 34.68 | 30.58 | 30.58 |
| Cash Flow/Share | 1.06 | 0.75 | 0.95 | 0.99 | 1.32 | 0.43 | 1.37 | 1.84 | 1.69 | 2.10 | 2.35 | 3.86 | 5.99 |
| Dividends/Share | 0.00 | 0.11 | 0.18 | 0.21 | 0.26 | 0.30 | 0.34 | 0.37 | 0.38 | 0.40 | 0.86 | 1.06 | 1.07 |
| Shares Out. | 16.2M | 16.2M | 16.4M | 16.5M | 17.1M | 21.0M | 22.1M | 22.2M | 21.4M | 20.9M | 14.9M | 19.3M | 19.3M |
| Valuation | |||||||||||||
| P/E Ratio | 3.4 | 13.0 | 21.3 | 20.3 | 9.6 | 11.5 | 5.9 | 7.3 | 10.3 | 8.2 | 23.9 | N/A | 10.2 |
| P/FCF | 12.1 | 19.2 | 127.0 | 24.0 | 13.9 | 62.9 | 10.8 | 12.2 | 12.9 | 14.1 | 15.8 | N/A | 11.7 |
| EV/EBIT | 11.7 | 15.7 | 19.0 | 17.0 | 9.7 | 9.5 | 4.8 | 5.6 | N/A | N/A | N/A | N/A | 6.6 |
| Price/Book | 0.8 | 0.8 | 1.0 | 1.1 | 0.7 | 0.9 | 0.6 | 0.9 | 1.0 | 1.1 | 1.0 | N/A | 1.4 |
| Price/Sales | 1.9 | 1.9 | 2.1 | 2.3 | 2.2 | 1.8 | 1.3 | 1.9 | 1.9 | 1.6 | 2.3 | N/A | 2.3 |
| FCF Yield | 16.6% | 10.4% | 1.6% | 8.3% | 14.4% | 3.2% | 18.6% | 16.4% | 15.5% | 14.2% | 6.3% | N/A | 8.6% |
| Market Cap | 99M | 103M | 141M | 164M | 123M | 194M | 155M | 241M | 227M | 291M | 526M | 0 | 823M |
| Avg. Price | 12.08 | 12.65 | 14.46 | 17.85 | 19.06 | 16.86 | 12.82 | 19.71 | 22.20 | 20.00 | 29.73 | 0.00 | 42.56 |
| Year-End Price | 12.19 | 12.65 | 17.22 | 19.88 | 14.43 | 18.50 | 14.08 | 21.67 | 21.26 | 27.90 | 35.31 | 0.00 | 42.56 |
ORRSTOWN FINANCIAL SERVICES INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
ORRSTOWN FINANCIAL SERVICES INC trades at 10.8x trailing earnings, compared to its 15-year median P/E of 10.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.4x vs a median of 14.0x. The company's 5-year average ROIC is 9.9%. Total shareholder yield (dividends) is 2.5%. At current prices, the estimated annualized return to fair value is +9.7%.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) reported annual revenue of $356 million in its most recent fiscal year, based on SEC EDGAR filings.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a net profit margin of 22.7%. This is a strong margin indicating high profitability.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) generated $70 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) reported earnings per share (EPS) of $4.18 in its most recent fiscal year.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a return on equity (ROE) of 14.6%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for ORRSTOWN FINANCIAL SERVICES INC (ORRF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ORRSTOWN FINANCIAL SERVICES INC (ORRF) has a book value per share of $30.58, based on its most recent annual SEC filing.