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Orrstown: 1Q Earnings Snapshot

SHIPPENSBURG, Pa. (AP) _ Orrstown Financial Services Inc. (ORRF) on Wednesday reported first-quarter profit of $3.1 million.

The bank, based in Shippensburg, Pennsylvania, said it had earnings of 33 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 41 cents per share.

The holding company for Orrstown Bank posted revenue of $24.8 million in the period. Its revenue net of interest expense was $19.9 million, topping Street forecasts.

Orrstown shares have risen slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.83, a drop of 28 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORRF at https://www.zacks.com/ap/ORRF