Orrstown Financial Services, Inc. has reported its fourth quarter 2025 results, showcasing a net income of $21.5 million, or $1.11 per diluted share, for the three months ended December 31, 2025. This marks a slight decrease from the net income of $21.9 million, or $1.13 per diluted share, for the three months ended September 30, 2025.
For the year ended December 31, 2025, the company reported a net income of $80.9 million and diluted earnings per share of $4.18, compared to a net income of $22.1 million and diluted earnings per share of $1.48 for the year ended December 31, 2024.
Adjusted net income and diluted earnings per share for the year ended December 31, 2025, totaled $82.9 million and $4.28, respectively, compared to $56.1 million and $3.76, respectively, for the year ended December 31, 2024 (excluding certain previously disclosed non-recurring expenses for both periods).
Return on average assets was reported at 1.55% and return on average equity at 14.73% for the three months ended December 31, 2025, compared to 1.60% and 15.72%, respectively, for the three months ended September 30, 2025.
The company also declared a cash dividend of $0.30 per common share, payable February 17, 2026, to shareholders of record as of February 10, 2026, representing a $0.03 per share increase in the company's quarterly cash dividend.
In terms of balance sheet performance, loans held for investment increased by $41.0 million, totaling $4.0 billion at both December 31, 2025, and September 30, 2025. Meanwhile, investment securities, all classified as available-for-sale, increased by $62.3 million to $952.7 million at December 31, 2025, from $890.4 million at September 30, 2025.
Noninterest income increased by $1.0 million to $14.4 million for the three months ended December 31, 2025, from $13.4 million for the three months ended September 30, 2025, driven by growth in wealth management and swap fee income.
Noninterest expenses increased by $1.1 million to $37.4 million for the three months ended December 31, 2025, from $36.3 million for the three months ended September 30, 2025, primarily due to increased health care and professional service costs.
Tangible common equity increased to 9.0% at December 31, 2025, from 8.8% at September 30, 2025, and tangible book value per common share increased to $25.21 per share at December 31, 2025, from $24.12 per share at September 30, 2025.
The market has reacted to these announcements by moving the company's shares -0.97% to a price of $36.70. For the full picture, make sure to review ORRSTOWN FINANCIAL SERVICES INC's 8-K report.
