Orrstown Financial Services Delays Yearly Report Filing

Orrstown Financial Services ( (ORRF) ) has released a notification of late filing.

Orrstown Financial Services has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to unforeseen challenges related to the core operating system conversion following its merger with Codorus Valley Bancorp, Inc. This merger, completed in the fourth quarter of 2024, has caused unexpected delays in gathering necessary documentation. The company anticipates filing the report within fifteen calendar days following the original due date. Orrstown Financial Services expects the financial statements to be materially consistent with the earnings release from January 31, 2025, and does not foresee significant changes in financial results. The notification includes forward-looking statements, highlighting potential risks and uncertainties. The company is committed to ongoing compliance, as evidenced by the signature of Neelesh Kalani, Executive Vice President and Chief Financial Officer.

More about Orrstown Financial Services

YTD Price Performance: -15.17%

Average Trading Volume: 124,969

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $596.1M

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