ORRF - Orrstown Financial Services Inc

ORRF

Valuation Ratios

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Price to Earnings	24.57	8.55	11.08	8.40
Price to Sales	19.79	15.66	12.56	14.60
Book Value Per Common Share	79.94	74.93	64.35	72.88	65.95
Price to Book	0.46	0.39	0.36	0.35
Price to Operating Cash Flow	13.03	5.20	5.19	5.08
Price to Free Cash Flow
Enterprise Value to EBITDA	47962.87	33907.17	64416.28	52799.43

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Price to Earnings	11.00	16.24	31.93		57.08	17.43	32.65		7.75	10.46	22.57		20.44	15.01	29.78		9.83	13.34	23.98
Price to Sales
Book Value Per Common Share	29.33	28.07	27.32	79.94	26.65	25.97	25.38	74.93	22.90	23.15	22.46	64.35	20.34	22.25	23.00	72.88	23.97	23.61	22.62	65.95
Price to Book	1.16	1.13	1.10	0.46	1.35	1.05	1.05	0.39	0.92	0.83	0.88	0.36	1.18	1.09	1.00	0.35	0.98	0.98	0.99
Price to Operating Cash Flow	11.22	17.22	52.49		25.81	14.88	21.87		7.24	9.16	38.10		6.72	10.26	37.49		8.50	12.76	14.71
Price to Free Cash Flow
Enterprise Value to EBITDA	36289.48	52080.56	96174.65		80783.72	53498.70	105580.92		32798.97	46797.04	106194.28		119675.39	101541.37	199297.80		61663.32	84158.85	149425.25

Earnings Data

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Earning YoY	-56.81	65.07	-30.33	23.97
Revenue YoY	40.21	0.08	2.80	10.62
EBITDA YoY	60.29	140.63	-28.09	-13.37
Net Profit YoY	-38.17	61.83	-32.98	24.25

Breakdown	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2023-09-30	2023-06-30	2022-09-30	2022-06-30	2021-09-30	2021-06-30
Earning YoY	57.65	108.51	-59.87	91.46	48.09	107.95	-27.33	109.09	37.57	86.02
Revenue YoY
EBITDA YoY	52.93	96.15	57.31	102.01	56.56	117.18	-15.94	99.40	37.73	83.87
Net Profit YoY	58.31	107.74	-48.58	90.70	47.52	107.45	-28.01	106.01	37.89	85.98

Financial Strength

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cash Per Common Share	75.06	23.41	21.53	91.04	51.33
Quick Ratio
Current Ratio
Debt to Equity	4.83	1.04	5.95	4.78	5.15
Long-Term Debt to Equity

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Cash Per Common Share	38.38	30.45	64.86	57.14	51.80	53.37	81.45	22.81	35.81	27.61	39.36	21.29	21.79	44.91	91.33	89.28	131.73	145.87	141.09	50.14
Quick Ratio
Current Ratio
Debt to Equity	8.56	8.82	9.21	4.83	9.60	1.18	1.18	1.04	11.57	11.25	11.54	5.95	12.12	10.89	10.38	4.78	9.69	9.95	10.65	5.15
Long-Term Debt to Equity

Profitability

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
ROA	0.37	0.64	0.69	1.05	0.87
ROE	2.13	1.31	4.81	6.05	5.37
Gross Margin			78.63	94.24
Operating Margin	460.49	462.16	183.11	251.50	295.29
EBITDA Margin	541.82	473.97	197.12	281.82	359.87
Net Profit Margin	80.73	183.08	113.22	173.67	154.61

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31
ROA	1.09	0.70	0.33	0.15	0.30	0.16	0.92	0.63	0.30	0.44	0.61	0.29	0.91	0.65	0.34
ROE	10.38	6.84	3.39	1.62	0.66	0.35	11.53	7.73	3.81	5.71	7.26	3.28	9.75	7.14	4.01
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Dividend Yield
Dividend Payout Ratio

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets	6,028,320.00	5,563,435.00	3,183,617.00	3,138,240.00	3,028,820.00
Deposits	4,623,096.00	7,017,628.00	4,921,184.00	2,464,929.00	2,356,880.00
Cash and Short-Term Investments	1,107,887.00	242,043.00	227,161.00	998,444.00	561,642.00
Cash and Cash Equivalents	1,107,887.00	242,043.00	227,161.00	998,444.00	561,642.00
Short-Term Investments	0	0	0	0	0
Net Receivables	21,058.00	13,630.00	11,027.00	8,234.00	8,927.00
Inventory	0	0	0	0	0
Other Current Assets	0	0	0	0	0
Property, Plant, Equipment Net	63,655.00	40,217.00	38,598.00	44,560.00	43,835.00
Real Estate	138.00	0	0	0	0
Goodwill	68,106.00	18,724.00	18,724.00	18,724.00	18,724.00
Intangible Assets	47,765.00	2,414.00	3,078.00	4,183.00	5,458.00
Long-Term Investments	0	0	0	0	0
Non-Current Deferred Assets	42,647.00	22,017.00	24,031.00	0	0
Other Non-Current Assets	0	0	0	0	0
Liabilities	4,994,956.00	2,833,323.00	2,725,825.00	2,594,928.00	2,536,322.00
Payables and Expenses	0	0	0	0	0
Account Payables	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0
Short-Term Debt	0	0	17,251.00	23,301.00	19,466.00
Other Current Liabilities	0	0	0	0	0
Long-Term Debt	0	0	106,139.00	1,896.00	58,045.00
Other Non-Current Liabilities	0	0	0	0	0
Equity	1,033,364.00	2,730,112.00	457,792.00	543,312.00	492,498.00
Shareholders Equity	1,550,046.00	795,168.00	686,688.00	814,968.00	738,747.00
Capital Stock	1,027.00	583.00	584.00	586.00	586.00
Share Premium	423,274.00	189,027.00	189,264.00	189,689.00	189,066.00
Retained Earnings	126,540.00	117,667.00	92,473.00	78,700.00	54,099.00
Treasury Shares	7,843.00	13,745.00	13,512.00	1,768.00	848.00
Accumulated Other Comprehensive Income	-26,316.00	-28,476.00	-39,913.00	4,449.00	3,346.00
Minority Interest	0	0	0	0	0
Investments	20,232.00	11,992.00	3,663,380.00	3,321,570.00	3,286,381.00
Debt	129,670.00	32,093.00	187,442.00	89,123.00	141,317.00
Common Shares Outstanding	19,389.97	10,612.39	10,671.41	11,183.05	11,201.32

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenues	27,312.00	19,479.00	19,464.00	18,933.00	17,116.00
Cost Of Revenue	0	0	4,160.00	1,090.00	0
Interest Income	248,933.00	149,897.00	108,654.00	93,695.00	99,631.00
Interest Expense	97,964.00	44,991.00	9,024.00	6,721.00	18,030.00
Net Interest	155,254.00	104,906.00	99,630.00	86,974.00	83,607.00
Non-Interest Income	37,435.00	25,652.00	26,952.00	29,152.00	28,309.00
Non-Interest Expense	148,337.00	83,843.00	95,806.00	74,141.00	74,080.00
Provisions for Credit Losses	0	0	4,160.00	1,090.00	0
Gross Profit	0	0	15,304.00	17,843.00	0
Selling, General and Administrative Expenses	19,529.00	15,367.00	17,485.00	16,048.00	15,315.00
EBT	27,806.00	45,033.00	26,616.00	40,895.00	32,511.00
Income Tax	3,558.00	8,264.00	853.00	7,151.00	5,026.00
Net Income	22,050.00	35,663.00	22,037.00	32,881.00	26,463.00
EBIT	125,770.00	90,024.00	35,640.00	47,616.00	50,541.00
Deprecation and Amortization	22,213.00	2,300.00	2,727.00	5,741.00	11,054.00
EBITDA	147,983.00	92,324.00	38,367.00	53,357.00	61,595.00
EPS	0.00	0.00	0.00	0.00	0.00
Diluted EPS	0.00	0.00	0.00	0.00	0.00
Average Shares Outstanding Basic	14,761.00	10,340.00	10,553.00	10,967.00	10,942.00
Average Shares Outstanding Diluted	14,914.00	10,435.00	10,706.00	11,106.00	11,034.00

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Cash Flow	41,465.00	58,660.00	47,069.00	54,406.00	40,402.00
Operating Net Income	66,150.00	106,989.00	66,111.00	98,643.00	79,389.00
Deprecation and Amortization	22,213.00	2,300.00	2,727.00	5,741.00	11,054.00
Deferred Income Tax	-867.00	-651.00	-591.00	942.00	-554.00
Share Based Compensation	9,606.00	2,840.00	2,665.00	2,382.00	2,555.00
Change in Working Capital	56,803.00	-4,401.00	15,125.00	40.00	-1,540.00
Other Operating Activities	-112,440.00	-48,417.00	-38,968.00	-53,342.00	-50,502.00
Investing Cash Flow	63,984.00	-153,248.00	-270,991.00	-2,013.00	-292,432.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	1,582.00	2,336.00	895.00	1,254.00	1,303.00
Net Purchase/Sale of Investments Net	467,076.00	105,239.00	294,264.00	384,247.00	87,026.00
Net Purchase/Sale of Business	45,280.00	1,037.00	0	0	0
Net Loan & Lease Activity	-19,725.00	145,301.00	172,607.00	-1,396.00	349,947.00
Other Investing Activities	-430,229.00	-407,161.00	-738,757.00	-386,118.00	-730,708.00
Financing Cash Flow	80,863.00	104,445.00	65,967.00	35,643.00	323,718.00
Net Issuance/Repayment of Debt	-14,365.00	26,805.00	99,075.00	59,984.00	122,819.00
Net Issuance/Repurchase of Equity	2,393.00	5,684.00	28,773.00	4,388.00	3,173.00
Dividends Paid	13,177.00	8,485.00	8,264.00	8,280.00	7,610.00
Other Financing Activities	79,658.00	63,471.00	-70,145.00	-37,009.00	190,116.00
Net Change in Cash	186,312.00	9,857.00	-157,955.00	88,036.00	71,688.00
Cash at Beginning of Period	62,562.00	55,304.00	218,778.00	120,674.00	53,570.00
Cash at End of Period	248,874.00	65,161.00	60,823.00	208,710.00	125,258.00
Free Cash Flow	0	0	0	0	0

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Assets	5,470,233.00	5,387,645.00	5,441,586.00	6,028,320.00	5,470,589.00	5,398,782.00	5,383,331.00	5,563,435.00	3,054,435.00	3,008,197.00	3,011,548.00	3,183,617.00	2,852,092.00	2,824,201.00	2,900,537.00	3,138,240.00	2,870,182.00	2,912,717.00	2,963,534.00	3,028,820.00
Deposits	4,533,560.00	4,516,625.00	4,633,716.00	4,623,096.00	4,650,853.00	7,305,768.00	7,291,902.00	7,017,628.00	2,546,435.00	2,522,861.00	5,003,735.00	4,921,184.00	2,505,853.00	2,478,616.00	2,545,992.00	2,464,929.00	2,502,108.00	2,494,100.00	2,547,089.00	2,356,880.00
Cash and Short-Term Investments	737,820.00	583,880.00	1,242,472.00	1,107,887.00	988,708.00	554,692.00	842,954.00	242,043.00	370,511.00	286,025.00	408,779.00	227,161.00	231,192.00	482,055.00	991,852.00	998,444.00	1,446,315.00	1,600,941.00	1,548,425.00	561,642.00
Cash and Cash Equivalents	737,820.00	583,880.00	1,242,472.00	1,107,887.00	988,708.00	554,692.00	842,954.00	242,043.00	370,511.00	286,025.00	408,779.00	227,161.00	231,192.00	482,055.00	991,852.00	998,444.00	1,446,315.00	1,600,941.00	1,548,425.00	561,642.00
Short-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	20,443.00	19,958.00	19,893.00	21,058.00	20,562.00	14,120.00	13,496.00	13,630.00	12,212.00	11,773.00	10,911.00	11,027.00	25,171,036.00	24,335,429.00	23,954,713.00	8,234.00	23,602,098.00	23,765,034.00	9,070.00	8,927.00
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property, Plant, Equipment Net	65,432.00	66,073.00	65,168.00	63,655.00	63,507.00	38,844.00	39,545.00	40,217.00	40,438.00	40,903.00	38,171.00	38,598.00	40,931.00	43,522.00	44,009.00	44,560.00	43,580.00	44,086.00	44,472.00	43,835.00
Real Estate	0	0	0	138.00	138.00	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	120,751.00	120,751.00	68,106.00	68,106.00	70,655.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00	18,724.00
Intangible Assets	40,338.00	42,748.00	45,230.00	47,765.00	46,144.00	1,974.00	2,189.00	2,414.00	2,650.00	2,589.00	2,828.00	3,078.00	3,338.00	3,610.00	3,891.00	4,183.00	4,486.00	4,800.00	5,124.00	5,458.00
Long-Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-Current Deferred Assets	34,100.00	36,683.00	36,206.00	42,647.00	38,517.00	21,674.00	21,181.00	22,017.00	25,500.00	22,093.00	21,335.00	24,031.00	26,875.00	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	4,898,297.00	4,839,197.00	4,908,650.00	4,994,956.00	4,954,383.00	2,920,406.00	2,911,649.00	2,833,323.00	2,811,355.00	2,762,556.00	2,771,387.00	2,725,825.00	2,634,714.00	2,586,674.00	2,645,733.00	2,594,928.00	2,601,613.00	2,646,779.00	2,709,086.00	2,536,322.00
Payables and Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Account Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0	0	17,251.00	0	0	0	23,301.00	0	0	0	19,466.00
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0	0	106,139.00	0	0	0	1,896.00	0	57,837.00	57,942.00	58,045.00
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity	571,936.00	548,448.00	532,936.00	1,033,364.00	516,206.00	2,478,376.00	2,471,682.00	2,730,112.00	243,080.00	245,641.00	240,161.00	457,792.00	217,378.00	237,527.00	254,804.00	543,312.00	268,569.00	265,938.00	254,448.00	492,498.00
Shareholders Equity	571,936.00	548,448.00	532,936.00	1,550,046.00	516,206.00	278,376.00	271,682.00	795,168.00	243,080.00	245,641.00	240,161.00	686,688.00	217,378.00	237,527.00	254,804.00	814,968.00	268,569.00	265,938.00	254,448.00	738,747.00
Capital Stock	1,026.00	1,026.00	1,026.00	1,027.00	1,027.00	583.00	583.00	583.00	583.00	583.00	584.00	584.00	585.00	585.00	585.00	586.00	586.00	586.00	586.00	586.00
Share Premium	423,624.00	422,349.00	421,445.00	423,274.00	422,177.00	187,694.00	187,267.00	189,027.00	188,458.00	187,859.00	187,572.00	189,264.00	188,730.00	188,178.00	188,033.00	189,689.00	189,168.00	188,772.00	188,511.00	189,066.00
Retained Earnings	170,526.00	153,923.00	139,547.00	126,540.00	117,311.00	129,670.00	124,075.00	117,667.00	112,144.00	105,239.00	97,519.00	92,473.00	84,867.00	91,723.00	84,943.00	78,700.00	74,122.00	69,052.00	62,302.00	54,099.00
Treasury Shares	5,702.00	4,371.00	5,058.00	7,843.00	8,421.00	11,167.00	11,575.00	13,745.00	13,762.00	13,844.00	12,689.00	13,512.00	13,336.00	13,589.00	4,083.00	1,768.00	968.00	50.00	266.00	848.00
Accumulated Other Comprehensive Income	-17,538.00	-24,479.00	-24,024.00	-26,316.00	-15,888.00	-28,404.00	-28,668.00	-28,476.00	-44,343.00	-34,196.00	-32,825.00	-39,913.00	-43,468.00	-29,370.00	-14,674.00	4,449.00	5,661.00	7,578.00	3,315.00	3,346.00
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	24,111.00	21,204.00	19,693.00	20,232.00	20,247.00	11,147.00	11,453.00	11,992.00	12,987.00	12,602.00	12,869.00	3,663,380.00	26,516,761.00	25,821,719.00	25,606,998.00	3,321,570.00	24,925,303.00	24,981,411.00	3,765,146.00	3,286,381.00
Debt	36,970.00	69,021.00	68,850.00	129,670.00	68,510.00	32,128.00	32,111.00	32,093.00	32,076.00	32,059.00	32,042.00	187,442.00	32,010.00	31,994.00	31,978.00	89,123.00	31,948.00	89,769.00	89,860.00	141,317.00
Common Shares Outstanding	19,500.98	19,535.83	19,509.64	19,389.97	19,373.35	10,720.23	10,705.08	10,612.39	10,613.27	10,611.42	10,691.91	10,671.41	10,686.06	10,675.68	11,078.99	11,183.05	11,205.05	11,262.75	11,250.96	11,201.32

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31
Revenues	0	0	0	27,312.00	0	0	0	19,479.00	0	0	0	19,464.00	0	0	0	18,933.00	0	0	0
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	-1,790.00	3,575.00	2,075.00	300.00	100.00	365.00	625.00	0
Interest Income	227,474.00	150,352.00	75,519.00	-48,566.00	168,918.00	85,931.00	42,650.00	-65,427.00	109,869.00	71,178.00	34,277.00	-40,835.00	76,559.00	49,140.00	23,790.00	-47,595.00	69,776.00	47,585.00	23,929.00
Interest Expense	78,213.00	52,079.00	26,758.00	-14,989.00	64,237.00	32,947.00	15,769.00	-12,482.00	30,981.00	18,509.00	7,983.00	945.00	4,413.00	2,449.00	1,217.00	-4,582.00	5,400.00	3,829.00	2,074.00
Net Interest	149,261.00	98,273.00	48,761.00	-29,292.00	104,681.00	52,984.00	26,881.00	-52,945.00	78,888.00	52,669.00	26,294.00	-41,780.00	72,146.00	46,691.00	22,573.00	-43,013.00	64,376.00	43,756.00	21,855.00
Non-Interest Income	37,921.00	24,539.00	11,624.00	-9,185.00	26,188.00	13,802.00	6,630.00	-12,823.00	19,161.00	13,236.00	6,078.00	-15,916.00	20,726.00	14,668.00	7,474.00	-14,459.00	21,859.00	14,208.00	7,544.00
Non-Interest Expense	112,087.00	75,790.00	38,176.00	-24,647.00	105,407.00	45,108.00	22,469.00	-38,867.00	61,451.00	41,004.00	20,255.00	-36,286.00	74,570.00	38,158.00	19,364.00	-32,309.00	53,851.00	34,816.00	17,783.00
Provisions for Credit Losses	0	0	0	0	0	0	0	0	0	0	0	-1,790.00	3,575.00	2,075.00	300.00	100.00	365.00	625.00	0
Gross Profit	0	0	0	0	0	0	0	0	0	0	0	15,304.00	0	0	0	17,843.00	0	0	0
Selling, General and Administrative Expenses	17,912.00	12,204.00	6,180.00	-6,539.00	14,051.00	8,028.00	3,989.00	-7,773.00	11,621.00	7,600.00	3,919.00	-6,746.00	12,087.00	8,076.00	4,068.00	-5,867.00	10,758.00	7,301.00	3,856.00
EBT	75,144.00	47,467.00	22,763.00	-14,177.00	10,671.00	20,568.00	10,744.00	-25,462.00	35,334.00	23,773.00	11,388.00	-19,620.00	14,727.00	21,126.00	10,383.00	-27,638.00	32,394.00	23,523.00	12,616.00
Income Tax	15,780.00	9,968.00	4,712.00	-5,259.00	2,305.00	4,299.00	2,213.00	-6,061.00	7,314.00	4,779.00	2,232.00	-7,365.00	2,316.00	3,887.00	2,015.00	-6,017.00	6,219.00	4,540.00	2,409.00
Net Income	59,364.00	37,499.00	18,051.00	-11,116.00	8,366.00	16,269.00	8,531.00	-20,507.00	28,020.00	18,994.00	9,156.00	-15,981.00	12,411.00	17,239.00	8,368.00	-22,484.00	26,175.00	18,983.00	10,207.00
EBIT	153,357.00	99,546.00	49,521.00	-29,166.00	74,908.00	53,515.00	26,513.00	-37,944.00	66,315.00	42,282.00	19,371.00	-18,675.00	19,140.00	23,575.00	11,600.00	-32,220.00	37,794.00	27,352.00	14,690.00
Deprecation and Amortization	29,223.00	19,841.00	11,344.00	8,972.00	11,319.00	1,300.00	622.00	-1,117.00	1,660.00	1,136.00	621.00	-2,464.00	2,217.00	1,832.00	1,142.00	-4,558.00	4,704.00	3,504.00	2,091.00
EBITDA	182,580.00	119,387.00	60,865.00	-20,194.00	86,227.00	54,815.00	27,135.00	-39,061.00	67,975.00	43,418.00	19,992.00	-21,139.00	21,357.00	25,407.00	12,742.00	-36,778.00	42,498.00	30,856.00	16,781.00
EPS	0.00	0.00	0.00	-0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.00	-0.00	0.00	0.00	0.00
Diluted EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Shares Outstanding Basic	19,224.00	19,173.00	19,157.00	19,214.00	19,088.00	10,393.00	10,349.00	10,269.00	10,346.00	10,360.00	10,385.00	10,006.00	10,611.00	10,735.00	10,860.00	10,939.00	10,979.00	10,975.00	10,975.00
Average Shares Outstanding Diluted	19,364.00	19,342.00	19,328.00	19,395.00	19,226.00	10,553.00	10,482.00	10,346.00	10,440.00	10,458.00	10,496.00	10,184.00	10,758.00	10,875.00	11,007.00	11,116.00	11,122.00	11,112.00	11,074.00

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31
Operating Cash Flow	58,245.00	35,430.00	10,953.00	-16,907.00	26,599.00	19,103.00	12,670.00	1,585.00	30,005.00	21,656.00	5,414.00	-22,622.00	37,758.00	25,291.00	6,642.00	-12,277.00	30,215.00	19,835.00	16,633.00
Operating Net Income	59,364.00	37,499.00	18,051.00	32,984.00	8,366.00	16,269.00	8,531.00	50,819.00	28,020.00	18,994.00	9,156.00	28,093.00	12,411.00	17,239.00	8,368.00	43,278.00	26,175.00	18,983.00	10,207.00
Deprecation and Amortization	29,223.00	19,841.00	11,344.00	8,972.00	11,319.00	1,300.00	622.00	-1,117.00	1,660.00	1,136.00	621.00	-2,464.00	2,217.00	1,832.00	1,142.00	-4,558.00	4,704.00	3,504.00	2,091.00
Deferred Income Tax	0	0	0	-867.00	0	0	0	-651.00	0	0	0	-591.00	0	0	0	942.00	0	0	0
Share Based Compensation	3,976.00	2,644.00	1,358.00	-680.00	7,488.00	1,831.00	967.00	-696.00	1,763.00	1,154.00	619.00	-148.00	1,608.00	867.00	338.00	-458.00	1,428.00	945.00	467.00
Change in Working Capital	13,484.00	8,030.00	-5,121.00	-10,195.00	47,587.00	14,741.00	4,670.00	6,717.00	1,920.00	-3,105.00	-9,933.00	-195,784.00	104,819.00	70,160.00	35,930.00	-323,699.00	154,141.00	108,881.00	60,717.00
Other Operating Activities	-47,802.00	-32,584.00	-14,679.00	-47,121.00	-48,161.00	-15,038.00	-2,120.00	-53,487.00	-3,358.00	3,477.00	4,951.00	148,272.00	-83,297.00	-64,807.00	-39,136.00	272,218.00	-156,233.00	-112,478.00	-56,849.00
Investing Cash Flow	-83,714.00	-42,688.00	39,867.00	118,024.00	28,652.00	-73,312.00	-9,380.00	124,130.00	-127,478.00	-93,297.00	-56,603.00	121,607.00	-197,514.00	-118,129.00	-76,955.00	-117,905.00	66,776.00	55,741.00	-6,625.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	3,629.00	3,123.00	2,315.00	956.00	463.00	100.00	63.00	-1,286.00	1,814.00	1,548.00	260.00	-617.00	805.00	472.00	235.00	-349.00	891.00	556.00	156.00
Net Purchase/Sale of Investments Net	251,639.00	131,190.00	59,976.00	-66,229.00	411,257.00	82,130.00	39,918.00	-35,152.00	89,351.00	30,376.00	20,664.00	-165,689.00	188,197.00	161,142.00	110,614.00	-542,807.00	485,475.00	249,504.00	192,075.00
Net Purchase/Sale of Business	0	0	0	0.00	45,280.00	0	0	1,037.00	0	0	0	0	0	0	0	0	0	0	0
Net Loan & Lease Activity	-19,725.00	145,301.00	172,607.00	-1,396.00	349,947.00
Other Investing Activities	-371,746.00	-166,405.00	38,838.00	289,132.00	-457,185.00	-206,630.00	-55,546.00	269,129.00	-334,324.00	-208,378.00	-133,588.00	263,886.00	-495,940.00	-318,951.00	-187,752.00	414,440.00	-378,086.00	-158,982.00	-263,490.00
Financing Cash Flow	-39,259.00	-92,239.00	-12,574.00	-271,333.00	116,368.00	121,557.00	114,271.00	-202,969.00	131,589.00	87,136.00	88,689.00	-23,881.00	17,973.00	-3,966.00	75,841.00	-380,430.00	89,166.00	135,928.00	190,979.00
Net Issuance/Repayment of Debt	130,538.00	55,184.00	12,267.00	41,777.00	-18,296.00	-17,660.00	-20,186.00	-110,402.00	54,761.00	29,295.00	53,151.00	98,347.00	-1,907.00	1,204.00	1,431.00	-11,232.00	64,171.00	3,614.00	3,431.00
Net Issuance/Repurchase of Equity	94.00	65.00	0	2,393.00	0	0	0	-649.00	2,579.00	2,579.00	1,175.00	-3,505.00	14,056.00	14,056.00	4,166.00	3,319.00	1,069.00	0	0
Dividends Paid	15,378.00	10,116.00	5,044.00	-1,934.00	8,722.00	4,266.00	2,123.00	-4,250.00	6,365.00	4,244.00	2,126.00	-4,321.00	6,244.00	4,216.00	2,125.00	-3,906.00	6,152.00	4,030.00	2,004.00
Other Financing Activities	-185,269.00	-157,604.00	-29,885.00	-313,569.00	125,942.00	134,951.00	132,334.00	-87,668.00	67,884.00	51,018.00	32,237.00	-114,402.00	-420.00	-23,442.00	68,119.00	-368,611.00	17,774.00	128,284.00	185,544.00
Net Change in Cash	-64,728.00	-99,497.00	38,246.00	-170,216.00	171,619.00	67,348.00	117,561.00	-77,254.00	34,116.00	15,495.00	37,500.00	75,104.00	-141,783.00	-96,804.00	5,528.00	-510,612.00	186,157.00	211,504.00	200,987.00
Cash at Beginning of Period	248,874.00	248,874.00	248,874.00	419,090.00	65,161.00	65,161.00	65,161.00	142,415.00	60,823.00	60,823.00	60,823.00	-14,281.00	208,710.00	208,710.00	208,710.00	719,322.00	125,258.00	125,258.00	125,258.00
Cash at End of Period	184,146.00	149,377.00	287,120.00	248,874.00	236,780.00	132,509.00	182,722.00	65,161.00	94,939.00	76,318.00	98,323.00	60,823.00	66,927.00	111,906.00	214,238.00	208,710.00	311,415.00	336,762.00	326,245.00
Free Cash Flow	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0