Business Context and Reporting Period
Company: Orrstown Financial Services, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 23, 2024
Reporting Period: Second Quarter ended June 30, 2024
This filing serves to announce the release of earnings for the quarter ended June 30, 2024, and to declare a cash dividend. The detailed financial results are contained in a press release furnished as Exhibit 99.
Key Financial Metrics
The Form 8-K text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being detailed in the attached press release (Exhibit 99) and are not explicitly stated in the body of this current report.
Material Changes and Dividend Declaration
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.23 per common share.
- Payment Details: Payable on August 15, 2024, to shareholders of record as of August 8, 2024.
- Earnings Release: The Company issued a press release on July 23, 2024, reporting results for the quarter ended June 30, 2024.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies. It strictly references the press release for operational results and the dividend announcement for shareholder distributions.
Investor Verification Checklist
- Review Exhibit 99 (Press Release dated July 23, 2024) for specific Q2 2024 revenue, net income, and earnings per share figures.
- Verify the record date (August 8, 2024) and payment date (August 15, 2024) for the $0.23 per share dividend.
- Confirm the Company's status as a non-emerging growth company based on the checkmarks in the filing.