Orrstown Financial Services, Inc. · NASDAQ:ORRF
Orrstown Financial Services — Q4 2025 Earnings Presentation
18 slides from Orrstown Financial Services's earnings presentation, Jan 28, 2026
Slide 1: Earnings Presentation Fourth Quarter 2025
Earnings Presentation Fourth Quarter 2025 January 28, 2026
Slide 2: Cautionary Note Regarding Forward Looking Statements | Non-GAAP Disclosures
Cautionary Note Regarding Forward Looking Statements | Non-GAAP Disclosures This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements reflect the current views of the Company's manag
Slide 3: Financial Highlights
Financial Highlights 4Q25 3Q25 4Q24 Qtr / Qtr Chge Yr / Yr Chge Quarterly Commentary Net Income 1 $ 21.5 $ 21.9 $ 13.7 -1.7% 57.1% • Profitability metrics remain on the high-end of our peer group • Solid loan growth for the quarter with a robust pipeline heading into Net Income, Adjusted 1,2 n/a n/a
Slide 4: Net Interest Income and Margin
Net Interest Margin Net Interest Income and Margin Change in Deposit Cost 1 80.0 4.50% 4.05% 4.07% 4.11% 4.00% 4.00% 60.0 4.00% 4.65% 4.33% 4.33% 4.29% 3.90% 40.0 3.50% 2.81% $50.6 $48.8 $49.5 $51.0 $50.5 2.65% 20.0 3.00% 2.51% 2.49% 2.46% - 2.50% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Ne
Slide 5: Fee Income / Operating Revenue
Fee Income Non-Interest Income Non-Interest Income Breakout $ In Millions 23% $13.4 $14.4 Wealth management $12.9 22% $11.2 $11.6 Mortgage banking Interchange income Service charges 4Q24 1Q25 2Q25 3Q25 4Q25 11% Other income 40% 4% • Noninterest income increased by $1.0 million to $14.4 million. o We
Slide 6: Non-Interest Expenses and Efficiency Ratio
Non-Interest Expenses Non-Interest Expenses Efficiency Ratio 1 $ In Millions 62% $42.9 61% 59% 58% 56% $38.2 $37.6 $37.4 $36.3 4Q24 1Q25 2Q25 3Q25 4Q25 • Noninterest expenses increased by $1.1 million quarter over quarter, totaling $37.4 million for the three months ended December 31, 2025. o Salari
Slide 7: Credit Quality
Credit Quality Charge-offs & Non-Performing Loans 0.48% 0.51% • The allowance for credit losses ("ACL") on loans totaled 0.45% 0.42% 0.42% $47.7 million at December 31, 2025. 0.30% o The ACL as a percentage of total loans ended the quarter at 1.19%. 0.03% 0.05% o The Bank recorded provision expense
Slide 8: Earnings & Key Performance Metrics
Earnings & Key Performance Metrics Earnings 1 Tangible Common Equity and TCE/TA % $1.00 $1.04 $1.13 $1.11 50.00 $0.87 8.8% $60 0 7.9% 8.3% 9.0% 9.9 % 40.00 $0.75 7.5% 8.7 % $0.27 $0.27 $50 0 $0.23 $0.26 $0.26 $492 7.5 % 30.00 $0.25 $445 $470 $429 $40 0 6.3 % $30 0 $411 5.1 % 20.00 ($0.25) 3.9 % $20.
Slide 9: Loans
Loans Trend 1 Composition 2 $ In Millions Non-owner occupied CRE $3,931 $3,876 $3,931 $3,980 $4,021 Owner 31% $788 $785 $824 $834 $848 occupied CRE 16% Agricultural 3% $3,143 $3,091 $3,108 $3,146 $3,173 Acquisition & Yield on Multi-family development Loans: 6% 6% 6.42% 3 4Q24 1Q25 2Q25 3Q25 4Q25 Non
Slide 10: Deposits
Deposits Trend 1 Composition 2 $ In Millions Interest DDA $4,623 $4,634 $4,517 $4,534 $4,529 26% $993 $945 $887 $924 $902 Non-Interest $3,630 $3,688 $3,629 $3,610 $3,627 DDA Cost of 19% Deposits: 4Q24 1Q25 2Q25 3Q25 4Q25 1.98% 3 Money Markets Core Deposits Time Deposits 29% • Deposits decreased by $
Slide 11: Investments
Investments Portfolio Metrics Composition 3 Total Portfolio $952.7MM Agency CMO % of Assets 17.2% 37% Duration 4.6 Years Agency MBS 31% Yield 4.58% AOCI (Tax Adj.) ($15.2MM) Other Trends – Balances / AOCI / Yields 1,2 2% ABS 9% Municipal 4.66% 4.65% 4.70% 4.67% 4.58% 21% $952.7 $829.7 $855.5 $885.4
Slide 12: Capital
Capital Total Risk Based Capital Ratio • All capital ratios applicable to the Company and Bank 13.1% 13.0% 13.3% 13.3% 13.1% 12.9% 13.3% 13.3% were above relevant regulatory minimum levels to be 12.4% 12.4% deemed "well capitalized" under current bank regulatory guidelines. • Ratios remain sound and
Slide 13: Guidance through 2026
Guidance through 2026 Loan 5.0% annualized growth Growth Margin Range: 3.90% to 4.00% Non-Interest Range: $53.0 million to $55.0 million (annualized) Income Non-Interest Expenses Range: $148.0 million to $151.0 million (annualized) Effective Approximately 21% Tax Rate 13
Slide 14: Q&A
Q&A ORRSTOWN FINANCIAL SERVICES, INC.
Slide 15: Reconciliation of Non-GAAP Measures to GAAP Results
Reconciliation of Non-GAAP Measures to GAAP Results As a result of acquisitions, the Company has intangible assets consisting of goodwill and core deposit and other intangible assets. Management believes providing certain “non-GAAP” financial information will assist investors in their understanding
Slide 16: Reconciliation: Net Income / Diluted EPS / Ratios
GAAP to Non-GAAP Reconciliation Net Income / Diluted EPS / Ratios 4Q24 1Q25 2Q25 3Q25 4Q25 (Presented In M illions except for Diluted EPS) Average Assets $ 5,464.2 $ 5,425.7 $ 5,374.8 $ 5,420.8 $ 5,505.3 Average Equity 516.4 523.7 535.7 551.9 578.9 Net Income (GAAP) $ 13.7 18.1 19.4 21.9 21.5 Add Li
Slide 17: Reconciliation: Efficiency Ratio (Non-GAAP)
GAAP to Non-GAAP Reconciliation Efficiency Ratio (Non-GAAP) 4Q24 1Q25 2Q25 3Q25 4Q25 (Presented In M illions) Net Interest Income $ 50.6 $ 48.8 $ 49.5 $ 51.0 $ 50.5 Plus Non-Interest Income 11.2 11.6 12.9 13.4 14.4 Total Revenue (A) $ 61.8 $ 60.4 $ 62.4 $ 64.4 $ 64.9 Non-Interest Expense $ 42.9 $ 38
Slide 18: Reconciliation: Tangible Book Value (Non-GAAP)
GAAP to Non-GAAP Reconciliation Tangible Book Value (Non-GAAP) 4Q24 1Q25 2Q25 3Q25 4Q25 (Presented in M illions except for Tangible Book Value Per Share) Total Shareholders' Equity (GAAP) $ 516.7 $ 532.9 $ 548.4 $ 571.9 $ 591.5 Less Goodwill 68.1 68.1 69.8 69.8 69.8 Less Intangible Assets 47.8 45.2
Orrstown Financial Services — Q4 2025 Earnings Presentation on 6ix