Orrstown Financial (ORRF) Reports Q2 EPS of $0.18
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Orrstown Financial Services, Inc. Announces Second Quarter Earnings of $1.5 Million and Quarterly Cash Dividend of $0.07 Per Share
July 22, 2015 4:00 PM EDTNet income for the three months ended June 30, 2015 totaled $1.5 million, or $0.18 per diluted share, compared to $2.9 million, or $0.35 per diluted share, for the same period in 2014. Net income for the six months ended June 30, 2015 totaled $4.0 million, or $0.49 per diluted share, compared to $4.9 million, or $0.60 per diluted share, for the same period in 2014. Gross loans outstanding, excluding loans held for sale, increased $46.6 million, or 6.6%, for the six months ended June 30, 2015 and totaled $751.5 million. The allowance for loan losses remained strong and totaled 1.84% of total loans outstanding and 135.0% of nonaccrual loans at June 30, 2015. The Board of... More
