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Orrstown: Q4 Earnings Snapshot

HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Orrstown Financial Services Inc. (ORRF) on Tuesday reported fourth-quarter profit of $21.5 million.

The Harrisburg, Pennsylvania-based bank said it had earnings of $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The holding company for Orrstown Bank posted revenue of $90.7 million in the period. Its revenue net of interest expense was $64.9 million, which also beat Street forecasts.

For the year, the company reported profit of $80.9 million, or $4.18 per share. Revenue was reported as $252.1 million.

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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

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