Orrstown Financial Declares $0.30 Quarterly Dividend
Orrstown Financial Services Inc (NASDAQ: ORRF), a Pennsylvania-based community bank holding company, declared a quarterly cash dividend of $0.30 per share. The dividend is payable May 12, 2026.
Orrstown Financial Services Inc (NASDAQ: ORRF), a Pennsylvania-based community bank holding company, declared a quarterly cash dividend of $0.30 per share, according to an announcement made in conjunction with the company's first quarter 2026 earnings release on April 21, 2026. Read more dividend announcements.
The dividend will be paid on May 12, 2026 to shareholders of record as of May 5, 2026. The board of directors approved the distribution as part of the company's regular quarterly dividend program.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.30 |
| Record Date | May 5, 2026 |
| Payment Date | May 12, 2026 |
| Frequency | Quarterly |
First Quarter Performance
The dividend announcement came alongside Orrstown's first quarter 2026 results, which showed net income of $21.8 million, or $1.12 per diluted share, compared to $21.5 million, or $1.11 per diluted share, in the fourth quarter of 2025.
Return on average assets reached 1.59% for the quarter, while return on average equity stood at 14.76%. Net interest margin on a tax equivalent basis was 3.90%, down from 4.00% in the prior quarter.
Total loans increased by $40.6 million, representing approximately 4% annualized growth from December 31, 2025. Deposits rose by $98.7 million during the same period, while borrowings decreased by $68.0 million.
Tangible common equity improved to 9.2% at March 31, 2026 from 9.0% at year-end 2025. Total risk-based capital strengthened to 13.5% from 13.3%. Tangible book value per common share increased to $25.76 from $25.21 over the quarter.
Noninterest income grew by $1.2 million to $15.6 million, while noninterest expenses declined by $0.7 million to $36.7 million, driven primarily by lower salaries, benefits, and professional services costs.