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.

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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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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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.

Orange County Bancorp, Inc. Announces Inclusion in Russell 2000 Index

Appoints Jacob Rahiman as Chief Human Resources Officer and Senior Vice President MIDDLETOWN, NY / ACCESSWIRE / June 15, 2023 / Orange Bank & Trust Company, the economic engine of New York's Hudson Valley for more than 131 years, today announced the appointment of Jacob Rahiman as Chief Human Resources Officer and Senior Vice President. The newly created position of Chief Human Resources Officer reflects the bank's continued robust growth, which now extends to more than 220 employees and 16 offices across Orange, Westchester, Rockland and Bronx counties.

Orange Bank & Trust Company Continues Robust Growth

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.95 per share a year ago.

Orange County Bancorp, Inc. (OBT) Beats Q1 Earnings Estimates

Net Interest Income increased $4.8 million, or 29.4%, to $21.1 million for the quarter ended March 31, 2023 from $16.3 million for the quarter ended March 31, 2022 Total Assets grew $167.0 million, or 7.3%, to $2.5 billion at March 31, 2023 as compared to $2.3 billion at year-end 2022. Loans grew $93.9 million, or 6.0%, to $1.7 billion at March 31, 2023 from $1.6 billion at December 31, 2022 Total Deposits rose by $51.5 million, or 2.6%, to $2.0 billion at March 31, 2023 as compared to $1.9 billion at year-end 2022.

Orange County Bancorp, Inc. Announces First Quarter 2023 Results

Orange County Bancorp, Inc. (OBT) to Report Q1 Results: Wall Street Expects Earnings Growth

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

Orange County Bancorp, Inc. (OBT) is on the Move, Here's Why the Trend Could be Sustainable

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MIDDLETOWN, NY / ACCESSWIRE / February 28, 2023 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the appointment of Senior Vice President Michael Listner to the role of Chief Risk Officer (CRO). Michael previously served as Co-Chief Credit Officer at the Bank.

Orange County Bancorp, Inc. Appoints Michael Listner Chief Risk Officer

Orange County Bancorp, Inc. (OBT) delivered earnings and revenue surprises of 12.59% and 4.46%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Orange County Bancorp, Inc. (OBT) Q4 Earnings and Revenues Top Estimates

Net income for Q4 2022 reached a quarterly record $9.1 million, a $3.6 million, or 65.0% increase, over net income of $5.5 million in Q4 2021, due primarily to increased interest income Net income for fiscal year 2022 reached a record $24.4 million, a $3.1 million, or 14.4% increase, over net income of $21.3 million in fiscal year 2021, also due primarily to increased interest income Total assets increased $144.8 million, or 6.8%, to $2.3 billion at December 31, 2022 from $2.1 billion at December 31, 2021 Total loans grew $278.0 million, or 21.5%, to $1.6 billion at December 31, 2022 from $1.3 billion at December 31, 2021 Total deposits were $2.0 billion at December 31, 2022, as compared to $1.9 billion at December 31, 2021, an increase of $60.0 million, or 3.1% Net interest margin for Q4 2022 rose 102 basis points, or 32.9%, to 4.12% from 3.10% for Q4 2021 Annualized return on average assets of 1.58% for the three months ended December 31, 2022 increased 56 basis points, or 54.9%, versus the same period in 2021 Annualized return on average equity of 19.41% for the three months ended December 31, 2022 increased 733 basis points, or 60.7%, versus the same period in 2021 MIDDLETOWN, NY / ACCESSWIRE / January 25, 2023 / Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Company, (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 December 31, 2022. This compares with net income of $5.5 million, or $0.97 per basic and diluted share, for the three months ended December 31, 2021.

Orange County Bancorp, Inc. Announces Record Quarterly and Annual Earnings:

SVP Chief Accounting Officer and Controller, Michael Lesler to assume CFO role MIDDLETOWN, NY / ACCESSWIRE / December 21, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the retirement of Robert Peacock, Senior Executive Vice President and Chief Financial Officer, effective March 15, 2023. He will be succeeded by Michael Lesler, who currently serves as Senior Vice President and Chief Accounting Officer and Controller.

Orange County Bancorp, Inc. Announces Retirement of CFO Robert Peacock in 2023

Located in the Historic Village Building at 54 West Main Street MIDDLETOWN, NY / ACCESSWIRE / December 7, 2022 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), is pleased to announce they will be relocating their Goshen Office to the historic building at 54 West Main Street in Goshen, NY. To celebrate this upcoming move the Bank invited Goshen officials and community leaders to an exclusive sneak peek event on Tuesday, November 29th.

News for Orange County Bancorp Stock (OBT)