New York, May 26, 2026, 10:19 (EDT)
- Shares of Orrstown were up roughly 1.1% in morning trading Tuesday, as U.S. markets reopened after Memorial Day.
- Next up for the Pennsylvania lender is the CEO handoff to Adam L. Metz, set for June 1.
- Regional bank stocks traded higher. KRE, Fulton Financial and ACNB all moved up too.
Orrstown Financial Services Inc. picked up early Tuesday, with shares up after the Memorial Day holiday. The move lined up with gains in other regional banks as U.S. equity markets got back to business.
Stock last traded at $37.01, up 40 cents, or 1.1%. Volume was 22,774 shares. During the session, shares moved between $36.71 and $37.20. That puts the Harrisburg, Pennsylvania-based bank holding company’s market cap near $726 million.
Markets had Monday off for the holiday, which pushed all this week’s action into four sessions. Nasdaq’s 2026 schedule put Memorial Day, May 25, down for a full closure. Tuesday trading showed the first moves from investors coming back from the break.
Regional bank stocks helped too. The SPDR S&P Regional Banking ETF was up about 1.7%. Fulton Financial added 1.6%. ACNB rose 1.1%. Orrstown’s move looked more like its neighbors than a standout rally for the company.
Orrstown’s latest Q1 numbers are still the frame for how it’s operating. Net income came in at $21.8 million, or $1.12 a diluted share, up from $21.5 million, or $1.11 a share, in the previous quarter. Deposits climbed $98.7 million. Total loans added $40.6 million.
Orrstown CEO Thomas R. Quinn Jr. said the company posted “strong results across the board” and noted that deposit growth picked up in the second half of the quarter. Credit metrics stayed solid, he said. SEC
Net interest margin slipped to 3.90% from 4.00% in the fourth quarter, making for a messier margin line. Orrstown said lower yields on loans and securities more than offset a slight drop in funding costs.
Investors have a management change coming up. On May 6, Orrstown filed that Adam L. Metz will take over as president, CEO and director of Orrstown and Orrstown Bank after Quinn retires at the end of business June 1. Metz, age 54, has been with Orrstown since 2016 and began as chief operating officer in February 2025.
Orrstown “started 2026 off strong,” CFO Neelesh Kalani said on the April earnings call. CEO Metz called deposit competition “prevalent” but told analysts the team has responded to push for deposit growth. Investing
Analysts are sounding a more cautious note lately. DA Davidson started coverage on Orrstown with a neutral rating and a $41 target on May 15. The Fly reported that the firm pointed to stability in the community bank, but also flagged a leadership transition this year.
Deposit costs could stay high or credit could get worse. Orrstown’s nonaccrual loans went up to 0.74% of total loans from 0.70% at year-end. Provision expense increased to $0.7 million from $0.1 million. If borrowers weaken or margins fall again, the CEO change will get harder for investors to ignore.
Right now, the stock is moving more like a steady regional bank, not a company with new headlines. Next up are the June 1 leadership change and second-quarter results. Investors will watch to see if deposits are up and funding pressure eases, as management pointed to in April.
