Orrstown Q2 FY26 net income falls 2.75% to $21.2 million; net interest margin narrows 3 bps to 3.87% - ORRF News | RalliesOrrstown Q2 FY26 net income falls 2.75% to $21.2 million; net interest margin narrows 3 bps to 3.87%
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ORRF• Quarterly earnings and margin
- Orrstown posted Q2 net income of $21.2 million, down 2.8% from Q1; diluted EPS slipped to $1.09 from $1.12.
- Net interest margin narrowed 3 bps to 3.87%; excluding a $1.6 million fair value mark amortization, margin was 4.00%.
- Noninterest income fell 11.5% to $13.8 million versus Q1, reflecting $2.4 million of life insurance death benefits booked in Q1.
Balance sheet, credit quality and capital actions
- Loans held for investment rose $51.7 million from March 31 to $4.1 billion; nonaccrual loans dropped to 0.58% of total loans from 0.74%.
- The company redeemed $31 million of fixed-to-floating rate subordinated notes on June 30.
- The board declared a $0.30 quarterly dividend payable Aug. 11.
