Orrstown Financial (ORRF) Declares $0.23 Quarterly Dividend; 2.9% Yield
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Orrstown Financial Services, Inc. Reports Second Quarter 2024 Results and Increases Quarterly Dividend by $0.03 per Share
July 23, 2024 4:06 PM EDTOrrstown Financial Services, Inc. ("Orrstown" or the Company) closed the merger of equals transaction with Codorus Valley Bancorp, Inc. ("Codorus") on July 1, 2024; as a result, the second quarter results reported in this release reflect Orrstown's standalone operating results and do not reflect the combined operating results of the two companies;Net income of $7.7 million and diluted earnings per share of $0.73 for the three months ended June 30, 2024 compared to net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024;Excluding the impact of $1.0 million in expenses related to the merger, net... More
