Orrstown Financial Services Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Orrstown Financial Services (NASDAQ:ORRF) Full Year 2022 Results
Key Financial Results
Revenue: US$122.3m (up 7.3% from FY 2021).
Net income: US$22.0m (down 33% from FY 2021).
Profit margin: 18% (down from 29% in FY 2021).
EPS: US$2.09 (down from US$3.00 in FY 2021).
ORRF Banking Performance Indicators
Net interest margin (NIM): 3.81% (up from 3.25% in FY 2021).
Non-performing loans: 0.96% (up from 0.33% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orrstown Financial Services Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is expected to decline by 7.0% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.3%.
Performance of the American Banks industry.
The company's shares are down 9.1% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 4 warning signs for Orrstown Financial Services that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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