Orrstown Financial (ORRF) Declares $0.08 Quarterly Dividend; 1.9% Yield
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Orrstown Financial Services, Inc. Announces Third Quarter Earnings of $2.5 Million and Quarterly Cash Dividend of $0.08 Per Share
October 21, 2015 4:56 PM EDTNet 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
Orrstown Financial Services, Inc. Announces Third Quarter Earnings of $2.5 Million and Quarterly Cash Dividend of $0.08 Per Share
October 21, 2015 4:56 PM EDTNet 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
