Third-quarter results were up for midstate banks Orrstown Financial Services Inc. and Mid Penn Bancorp Inc., as well as candy maker The Hershey Co.
The company’s first nine months, with nearly $7.1 million in earnings, are better than the year-ago loss of $39.5 million.
However, Orrstown leaders were muted in their statements on the quarter’s results.
“We continue to position Orrstown Bank to enhance long term shareholder value through the growth in earning assets and prudent balance sheet management, while we maintain our diligent focus on managing our remaining asset quality issues,” President and CEO Thomas R. Quinn Jr. said in a statement.
Orrstown’s earnings per diluted share were 26 cents, about a dime under what analysts had estimated, according to Yahoo Finance.
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However, Dauphin County-based Mid Penn is reporting that its year-to-date income is $3.3 million, a 2.1 percent drop from the same period a year ago.
Earnings per diluted share for the quarter were 40 cents. Analyst estimates were not available.
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Derry Township-based Hershey posted earnings of nearly $233 million this quarter, a 32 percent increase from a year ago. For the first nine months of this year, net income was $634.4 million, a 24 percent increase from last year.
Earnings per diluted share were $1.03, or 2 cents ahead of the average analyst estimates, according to Yahoo Finance.