Orange County Bancorp

Orange County Bancorp, Inc. operates as a holding company engaged in the provision of commercial banking solutions. The firm operates through the Banking and Wealth Management segments. It offers banking solutions such as business, personal banking, special services, trusts and investment services. The company was founded on May 2, 1892 and is headquartered in Middletown, NY.

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Orange County Bancorp, Inc. operates as a holding company, which engages in the provision of commercial and consumer banking products and services and trust and wealth management. It operates through the Banking Business and Wealth Management Business segments. The Banking Business segment involves the delivery of loan and deposit products to customers through Orange Bank & Trust Company. The Wealth Management Business segment includes asset management and trust services to individuals and institutions through HVIA and Orange Bank & Trust Company. The company was founded on May 2, 1892 and is headquartered in Middletown, NY.

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.28 per share a year ago.

Orange County Bancorp, Inc. (OBT) Q1 Earnings and Revenues Surpass Estimates

MIDDLETOWN NY / ACCESSWIRE / May 1, 2024 / Highlights include Net Income of $9.3 million for the three months ended March 31, 2024 increased $6.1 million, or 187.6%, as compared to $3.2 million for the three months ended March 31, 2023 Total Deposits grew $110.7 million, or 5.4%, reaching $2.2 billion at March 31, 2024 as compared to $2.0 billion at December 31, 2023. Net interest margin of 3.64% for the quarter ended March 31, 2024 decreased 14 basis points, or 3.7%, versus 3.78% for the quarter ended March 31, 2023 Trust and investment advisory income rose $513 thousand, or 21.6%, to $2.9 million, for the quarter ended March 31, 2024 from $2.4 million for the quarter ended March 31, 2023.

Orange County Bancorp, Inc. Announces Record First Quarter Earnings

Orange County Bancorp, Inc. (OBT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Orange County Bancorp, Inc. (OBT) Upgraded to Strong Buy: What Does It Mean for the Stock?

MIDDLETOWN, NY / ACCESSWIRE / February 21, 2024 / On February 15, 2024, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on March 15, 2024 to shareholders of record on March 4, 2024.

Orange County Bancorp, Inc. Declares Cash Dividend

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.61 per share a year ago.

Orange County Bancorp, Inc. (OBT) Surpasses Q4 Earnings and Revenue Estimates

Select Highlights include - Net Income of $29.5 million for the year ended December 31, 2023 represents an increase of $5.1 million, or 21.0%, as compared to $24.4 million for the year ended December 31, 2022 Net interest margin of 3.78% for the year ended December 31, 2023 represents an increase of 26 basis points, or 7.4%, versus the year ended December 31, 2022 Total Assets grew $198.1 million, or 8.7%, to $2.5 billion at December 31, 2023 as compared to the prior year end Total Loans grew $177.6 million, or 11.3%, reaching $1.8 billion at December 31, 2023 versus prior year end Total Deposits rose $64.4 million, or 3.3%, reaching $2.0 billion at December 31, 2023 as compared to prior year end Book value per share increased $4.78, or 19.5%, reaching $29.26 at December 31, 2023 as compared to $24.48 at December 31, 2022 Trust and investment advisory income rose $1.0 million, or 11.2%, to $10.3 million, for the year ended December 31, 2023 from $9.3 million for the year ended December 31, 2022. MIDDLETOWN, NY / ACCESSWIRE / January 31, 2024 / Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced net income of $29.5 million, or $5.24 per basic and diluted share, for the year ended December 31, 2023 as compared to $24.4 million for the year ended December 31, 2022.

Orange County Bancorp, Inc. Announces Fourth Quarter and Record Full-Year Earnings for Fiscal 2023

New Location Builds Upon Bank's Expanding Regional Branch Network Increases Access to Premier Services for Westchester Clients YONKERS, NY / ACCESSWIRE / January 30, 2024 / Orange Bank & Trust Company (NASDAQ:OBT), a local financial institution focusing on commercial lending, business banking, and wealth management services, today announced the opening of a Yonkers branch at 1969 Central Park Ave. - marking the Bank's sixth office in Westchester County.

Orange Bank and Trust Company Opens Full-Service Office in Yonkers

MIDDLETOWN, NY / ACCESSWIRE / January 11, 2024 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), is pleased to announce the promotion of Chief Financial Officer, Michael Lesler, to Executive Vice President. Joining the bank in November 2021 as SVP, Controller and Chief Accounting Officer, he was promoted to Chief Financial Officer in March 2023.

Orange Bank & Trust Promotes Chief Financial Officer, Michael Lesler, to Executive Vice President

Orange County Bancorp, Inc. (OBT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Orange County Bancorp, Inc. (OBT) Hit a 52 Week High, Can the Run Continue?

Orange County Bancorp, Inc. (OBT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Orange County Bancorp, Inc. (OBT): Can Its 6.9% Jump Turn into More Strength?

Orange County Bancorp, Inc. (OBT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here's Why Momentum in Orange County Bancorp, Inc. (OBT) Should Keep going

MIDDLETOWN, NY / ACCESSWIRE / November 29, 2023 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), is pleased to announce the addition of three new officers to its expanding Trust Services Division: Jacqueline Weimmer, Sarita Bhandarkar and Garry Garnet. Jacqueline has joined the Bank's Trust Services Division as First Vice President, Trust Officer, and Manager of the Special Needs Trust and Guardianship Department in Mount Vernon.

Orange Bank & Trust Hires Three New Officers to Support Growing Trust Division

Orange County Bancorp, Inc. (OBT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Orange County Bancorp, Inc. (OBT) Stock

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.40 per share a year ago.

Orange County Bancorp, Inc. (OBT) Beats Q3 Earnings and Revenue Estimates

Net Income increased $1.2 million, or 15.1%, to $9.0 million for the quarter ended September 30, 2023 from $7.9 million for the quarter ended September 30, 2022 Net interest margin increased 8 basis points, or 2.2%, reaching 3.78% for the quarter ended September 30, 2023 from 3.70% for the quarter ended September 30, 2022. Total Assets grew $159.9 million, or 7.0%, to $2.5 billion at September 30, 2023 from $2.3 billion at year-end 2022 Total Loans grew $138.3 million, or 8.8%, to $1.7 billion at September 30, 2023 from $1.6 billion at year-end 2022 Total Deposits rose $130.6 million, or 6.6%, to $2.1 billion at September 30, 2023 from $1.9 billion at year-end 2022 Book value per share increased $1.01, or 4.1%, to $25.49 at September 30, 2023 from $24.48 at December 31, 2022 Trust and investment advisory income rose $338 thousand, or 15%, to approximately $2.6 million, for Q3 2023 from $2.3 million for Q3 2022 MIDDLETOWN, NY / ACCESSWIRE / October 25, 2023 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced net income of $9.0 million, or $1.61 per basic and diluted share, for the three months ended September 30, 2023.

Orange County Bancorp, Inc. Announces Results for Q3, 2023:

Orange County Bancorp, Inc. (OBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Orange County Bancorp, Inc. (OBT) to Report a Decline in Earnings: What to Look Out for

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Appointment Reflects Bank's Continuous Bronx-Based Growth MIDDLETOWN, NY / ACCESSWIRE / September 27, 2023 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the appointment of Olga Luz Tirado to the Company's and the Bank's Boards of Directors effective October 1, 2023. The elevation of a longtime fixture in the Bronx business and economic development community represents the bank's continuous growth in the borough, as well as its ongoing commitment to advance diversity.

Orange County Bancorp, Inc. Appoints Olga Luz Tirado to Board of Directors

Orange County (OBT) stock looks promising on earnings and revenue growth, and decent capital distribution amid uncertain macroeconomic conditions.

Here Are 5 Reasons to Bet on Orange County (OBT) Right Now

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With the Fed not ruling out another rate hike this year, stocks such as Wintrust Financial (WTFC), Northeast Community Bancorp (NECB), Orange County Bancorp (OBT), Reinsurance Group of America (RGA) and Primerica (PRI) stand to gain.

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Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.38 per share a year ago.

Orange County Bancorp, Inc. (OBT) Q2 Earnings and Revenues Top Estimates

Net Income increased $7.0 million, or 330.6%, to $9.1 million for the quarter ended June 30, 2023 from $2.1 million for the quarter ended June 30, 2022 Total Assets grew $206.6 million, or 9.0%, to $2.5 billion at June 30, 2023 from $2.3 billion at year-end 2022 Total Loans grew $143.7 million, or 9.2%, to $1.7 billion at June 30, 2023 from $1.6 billion at December 31, 2022 Total Deposits rose $163.9 million, or 8.3%, to $2.1 billion at June 30, 2023 from $1.9 billion at year-end 2022 Book value per share increased $1.77, or 7.2%, to $26.25 at June 30, 2023 from $24.48 at December 31, 2022 Non-performing loans fell to 0.32% of loans at June 30, 2023 from 0.54% at December 31, 2022 Trust and investment advisory income rose 10%, to approximately $2.6 million for Q2 2023 from $2.3 million for Q2, 2022 MIDDLETOWN, NY / ACCESSWIRE / July 26, 2023 / Orange County Bancorp, Inc. (the "Company" - NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced net income of $9.1 million, or $1.61 per basic and diluted share, for the three months ended June 30, 2023. This compares with net income of $2.1 million, or $0.38 per basic and diluted share, for the three months ended June 30, 2022.

Orange County Bancorp, Inc. Announces Record Results for Q2, 2023

MIDDLETOWN, NY / ACCESSWIRE / July 20, 2023 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), is pleased to announce the promotion of Jennifer Meyer to the role of Vice President and Area Manager/Branch Manager. Jennifer joined the bank as the Branch Manager for the New City Office in 2015.

Orange Bank & Trust Promotes Jennifer Meyer to Vice President and Area Manager/Branch Manager

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Why Shares of PacWest Bancorp, Customers Bancorp, and Orange County Bancorp Are Rising This Week

Significant Milestone Reflects Bank's Continued Growth MIDDLETOWN, NY / ACCESSWIRE / June 26, 2023 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA") announced today it has been added to the Russell 2000â Index, one of the most widely watched stock market indexes comprised of 2,000 small-cap US companies. The recognition represents a significant milestone in the Company's 131-year history, reflecting its continued growth and reputation as an important contributor to New York's Hudson Valley small business economy.

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