Orrstown Financial (ORRF) Tops Q3 EPS by 9c
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Go back to Orrstown Financial (ORRF) Tops Q3 EPS by 9c
October 21, 2015 4:56 PM EDT
Net income for the three months ended September 30, 2015 totaled $2.5 million, or $0.30 per diluted share, compared to $5.2 million, or $0.64 per diluted share, for the same period in 2014.
Net income for the nine months ended September 30, 2015 totaled $6.4 million, or $0.79 per diluted share, compared to $10.0 million, or $1.24 per diluted share, for the same period in 2014.
Gross loans outstanding at September 30, 2015, excluding loans held for sale, totaled $762.9 million, an increase of $57.9 million for the nine months ended September 30, 2015, supporting an 11.0% annualized growth rate.
The allowance for loan losses remained strong and totaled 1.77% of total loans outstanding and 83.2% of nonaccrual loans... More
October 21, 2015 4:56 PM EDT
Net income for the three months ended September 30, 2015 totaled $2.5 million, or $0.30 per diluted share, compared to $5.2 million, or $0.64 per diluted share, for the same period in 2014.
Net income for the nine months ended September 30, 2015 totaled $6.4 million, or $0.79 per diluted share, compared to $10.0 million, or $1.24 per diluted share, for the same period in 2014.
Gross loans outstanding at September 30, 2015, excluding loans held for sale, totaled $762.9 million, an increase of $57.9 million for the nine months ended September 30, 2015, supporting an 11.0% annualized growth rate.
The allowance for loan losses remained strong and totaled 1.77% of total loans outstanding and 83.2% of nonaccrual loans... More
