Orrstown Financial Services Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Orrstown Financial Services (NASDAQ:ORRF) Full Year 2022 Results

Key Financial Results

• Revenue: US$122.3m (up 7.3% from FY 2021).
• Net income: US$22.0m (down 33% from FY 2021).
• Profit margin: 18% (down from 29% in FY 2021).
• EPS: US$2.09 (down from US$3.00 in FY 2021).

ORRF Banking Performance Indicators

• Net interest margin (NIM): 3.81% (up from 3.25% in FY 2021).
• Non-performing loans: 0.96% (up from 0.33% in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orrstown Financial Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is expected to decline by 7.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.3%.

Performance of the American Banks industry.

The company's shares are down 9.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Orrstown Financial Services you should be aware of.

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