Orrstown Financial Services, Inc. Earnings Summary — Q1 FY2026

• Orrstown is currently operating as a significantly larger regional entity following the successful transformative merger with Codorus Valley Bancorp.
• The Company reported an income tax expense of $5.69 million for the quarter ended March 31, 2026, compared to $4.71 million for the same period in 2025.
• Total assets have expanded significantly, transitioning the bank from a $1.4B local lender in 2016 to a regional force with over $5.5B in assets.
• The bank has effectively eradicated long-term debt in recent periods, resulting in an equity-rich capital structure with a clean debt profile.
• Loan portfolio disclosure reveals a heavy concentration in Commercial Real Estate, including both owner-occupied and non-owner-occupied segments across PA and MD.
• The adoption of new accounting standards (ASU 2023-09) has refined the disclosure of federal versus state income tax components for the current period.

Management remains focused on the 'Orrstown Way' of relationship-based banking while aggressively pursuing digital transformation and realizing synergies from the recent merger consolidation.

Improving

Post-merger integration appears to be yielding a new plateau of earning power, evidenced by a massive recovery in ROE to 13.67% and record annual net income levels.

The company is positioned as a high-quality regional compounder, looking to leverage its increased scale in the Mid-Atlantic market to compete against larger national banks.