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) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Orange County Bancorp, Inc. (OBT): Time to Buy?

If you are looking for stocks that are well positioned to maintain their recent uptrend, Orange County Bancorp, Inc. (OBT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Orange County Bancorp, Inc. (OBT) Is a Great Choice for "Trend" Investors, Here's Why

Orange County Bancorp, Inc. (OBT) delivered earnings and revenue surprises of 32.08% and 11.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Orange County Bancorp, Inc. (OBT) Q3 Earnings and Revenues Beat Estimates

Net income for Q3 2022 reached a quarterly record $7.9 million, an increase of $2.3 million, or 40.8%, from net income of $5.6 million for Q3 2021, driven primarily by increased net interest income during the quarter Total assets increased $225.8 million, or 10.5%, to $2.4 billion at September 30, 2022 from $2.1 billion at December 31, 2021 Total loans grew $256.3 million, or 19.8%, to $1.5 billion at September 30, 2022 from $1.3 billion at December 31, 2021 Total deposits reached $2.2 billion at September 30, 2022, as compared to $1.9 billion at December 31, 2021, an increase of $273.2 million, or 14.3% Provision for loan losses of $2.1 million for Q3 2022 grew from $1.0 million during Q3 2021 due primarily to continued strong loan growth Net interest margin for Q3 2022 rose 54 basis points, or 17.1%, to 3.70% from 3.16% for Q3 2021 Annualized return on average assets of 1.32% for the three months ended September 30, 2022 increased 25 basis points, or 23.4%, versus the same period in 2021 Annualized return on average equity of 20.71% for the three months ended September 30, 2022 increased 726 basis points, or 54%, versus the same period in 2021 Trust and asset advisory business revenue of $2.3 million for the three months ended September 30, 2022 fell $150 thousand, or 6%, from $2.4 million versus the same period in 2021 MIDDLETOWN, NY / ACCESSWIRE / October 25, 2022 / 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 $7.9 million, or $1.40 per basic and diluted share, for the three months ended September 30, 2022. This compares with net income of $5.6 million, or $1.06 per basic and diluted share, for the three months ended September 30, 2021.

Orange County Bancorp, Inc. Announces Record Third Quarter Results

MIDDLETOWN, NY / ACCESSWIRE / September 20, 2022 / The Board of Directors and President and CEO Michael Gilfeather of Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Company (the "Bank") are pleased to announce the appointment of Marianna R. Kennedy to the Company's and the Bank's Boards of Directors effective October 1, 2022.

Orange County Bancorp, Inc. Announces the Appointment of Marianna R. Kennedy to the Board of Directors

MIDDLETOWN, NY / ACCESSWIRE / August 22, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), rang the Nasdaq opening bell Wednesday in celebration of the first anniversary of its Nasdaq Capital Market listing. Companies listed on the Nasdaq Capital Market must meet strict financial, liquidity and corporate governance requirements, both initially and on an ongoing basis.

Orange County Bancorp, Inc. Rings Nasdaq Opening Bell to Celebrate One-Year Anniversary of Initial Listing

MIDDLETOWN, NY / ACCESSWIRE / August 10, 2022 / Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") is pleased to announce that Stephen Rooney has joined the Bank as Senior Vice President and Co-Chief Credit Officer. "Strong and sustained growth in our loan portfolio, particularly through our lower Hudson Valley and Bronx markets, has confirmed the need for additional senior credit personnel to support our lending group," said Michael Gilfeather, Company President and CEO.

Orange Bank & Trust Hires Stephen Rooney as SVP, Co-Chief Credit Officer

MIDDLETOWN, NY / ACCESSWIRE / August 9, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), is pleased to announce the appointment of Richard Rowley as HVIA Board Chair, and William Morrison and Denis Fatovic as new HVIA board members. Mr. Rowley has served on the boards of the Orange County Bancorp, Inc and Orange Bank & Trust since 2009.

Orange County Bancorp, Inc. Announces New HVIA Board Appointments

Orange County Bancorp, Inc. (OBT) delivered earnings and revenue surprises of -60.42% and 2.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Orange County Bancorp, Inc. (OBT) Lags Q2 Earnings Estimates

Total Assets increased $250 million, or 11.7%, to $2.4 billion at June 30, 2022 from $2.1 billion at December 31, 2021 Total Loans grew $180 million, or 13.9%, to $1.5 billion at June 30, 2022 from $1.3 billion at December 31, 2021 Total Deposits reached $2.2 billion at June 30, 2022, as compared to $1.9 billion at December 31, 2021, representing an increase of $289 million, or 15.1% Net Income for Q2 2022 was $2.1 million, a decrease of $3.1 million, or 59.4%, from net income of $5.2 million for Q2 2021, due to an increase in the provision for loan losses Provision for Loan Losses of $5.5 million for Q2 2022 increased from $809 thousand in Q2 2021 due to two impaired loan relationships within the syndicated loan segment and growth in the loan portfolio Annualized return on average assets of 0.65% for the six months ended June 30, 2022 declined 0.44% versus the same period in 2021 Annualized return on average equity of 8.84% for the six months ended June 30, 2022 declined 6.11% versus the same period in 2021 Trust and asset advisory business revenue remained level at approximately $4.7 million for the six months ended June 30, 2022, as compared to the same period in 2021 MIDDLETOWN, NY / ACCESSWIRE / August 1, 2022 / 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 $2.1 million, or $0.38 per basic and diluted share, for the three months ended June 30, 2022. This compares with net income of $5.2 million, or $1.16 per basic and diluted share, for the three months ended June 30, 2021.

Orange County Bancorp, Inc. Announces Second Quarter Results

MIDDLETOWN, NY / ACCESSWIRE / June 30, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), is pleased to announce the appointment of Jonathan Rouis as new board chair of both the Company's and Bank's board of directors effective June 17th, 2022. He assumes the position held for the past ten years by Lou Heimbach.

Orange County Bancorp, Inc. Announces New Board Chair Appointments

Orange County Bancorp, Inc. (OBT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Orange County Bancorp, Inc. (OBT) Surges 6.8%: Is This an Indication of Further Gains?

Orange County Bancorp, Inc. Announces First Quarter Results: Net Income for Q1 2022 increased $305 thousand, or 6.1%, over Q1 2021 to $5.3 million Annualized return on average assets for Q1 2022 declined 18 basis points to 0.95% as compared to 1.13% for the same quarter in 2021 as a result of the strong deposit growth during the period Annualized return on average equity for Q1 2022 declined 307 basis points to 11.87% as compared to 14.94% for the same quarter in 2021 due mainly to the effect of the initial public offering during the second half of 2021 Average loans (net of PPP) for Q1 2022 increased approximately 16.7%, to over $1.3 billion from $1.1 billion for Q1 2021 Provision for loan losses of $923 thousand for Q1 2022 increased from $66 thousand in Q1 2021 due to overall loan growth of CRE and Construction loans as well as new loans within the C&I portfolio Average demand and money market deposits for Q1 2022 rose 25.5%, to $1.0 billion, from $801 million for Q1 2021 Total Assets grew $138.5 million, or 6.5%, from year-end 2021 to almost $2.3 billion at March 31, 2022 Trust and asset advisory business revenue increased 3.1%, to almost $2.4 million, for Q1 2022 as compared to the same quarter in 2021 MIDDLETOWN, NY / ACCESSWIRE / April 27, 2022 / 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 $5.3 million, or $0.95 per basic and diluted share, for the three months ended March 31, 2022. This compares with net income of $5.0 million, or $1.12 per basic and diluted share, for the three months ended March 31, 2021.

Orange County Bancorp, Inc. Announces First Quarter Results

MIDDLETOWN, NY / ACCESSWIRE / March 7, 2022 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), is pleased to announce the hiring of David P. Dineen to the role of Senior Vice President, Director of Wealth Services.

Orange Bank & Trust Hires David P. Dineen as Senior Vice President and Director of Wealth Services

MIDDLETOWN, NY / ACCESSWIRE / February 24, 2022 / 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 Elizabeth Jones to the role of Senior Vice President and Chief Operating Officer of the Bank. Jones joined Orange Bank & Trust in 2016 as 1st Vice President, Director of Branch and Deposit Operations.

Orange Bank & Trust Promotes Elizabeth Jones to Senior Vice President and Chief Operating Officer

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 "Trend" Investors Would Love Betting on Orange County Bancorp, Inc. (OBT)

Net Income for full year 2021 increased $9.6 million, or 82.1%, to a record $21.3 million Return on average assets for Q4 2021 rose 21 basis points, or 25.9%, year-over-year to 1.02% Return on average equity for Q4 2021 rose 185 basis points, or 18.1%, year-over-year to 12.08% Average Loans (net of PPP) for Q4 2021 increased approximately 20% year-over-year, to $1.2 billion Provision for loan losses of $545 thousand for Q4 2021 declined 67.7% year-over-year due to stabilizing credit trends and characteristics within the portfolio Average demand and money market deposits for Q4 2021 grew 25.8% year-over-year to $949.3 million Total Assets grew $476.1 million, or 28.6%, from year-end 2020 to $2.1 billion at December 31, 2021 Trust and asset advisory business revenue increased 17.9% year-over-year, to $9.6 million, for year end 2021 Book Value per Share rose $2.22, or 7.4%, to $32.43 at December 31, 2021 compared to $30.21 at December 31, 2020 Net Tangible Book Value per Share rose $2.61, or 8.6%, to $31.18 at December 31, 2021 compared to $28.57 at December 31, 2020 MIDDLETOWN, NY / ACCESSWIRE / January 26, 2022 / 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 $5.5 million, or $0.97 per basic and diluted share, for the three months ended December 31, 2021. This compares with net income of $3.4 million, or $0.76 per basic and diluted share, for the three months ended December 31, 2020.

Orange County Bancorp, Inc. Announces Record Earnings for 2021

MIDDLETOWN, NY / ACCESSWIRE / January 21, 2022 / The Board of Directors and CEO Michael Gilfeather of Orange County Bancorp, Inc. (the "Company")(NASDAQ:OBT), parent company of Orange Bank & Trust Company (the "Bank") are pleased to announce the appointment of Kevin J. Keane to the Company's Board of Directors effective January 21, 2022.

Orange County Bancorp, Inc. Announces the Appointment of Kevin J. Keane to the Board of Directors

What Makes Orange County Bancorp, Inc. (OBT) a Good Fit for "Trend Investing"

MIDDLETOWN, NY / ACCESSWIRE / December 29, 2021 / Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announces that Michael Lesler has joined the Company and the Bank as SVP, Controller and Chief Accounting Officer. Michael will report to Robert Peacock, EVP and Chief Financial Officer.

Orange Bank & Trust Hires Michael Lesler as SVP, Controller & Chief Accounting Officer

Orange County Bancorp, Inc. Announces Record Third Quarter 2021 Results Net Income for Q3 2021 increased $2.6 million, or 91.4%, to a record $5.6 million versus Q3 2020 Return on average assets for Q3 2021 rose 35 basis points year-over-year to 1.07% Return on common equity for Q3 2021 rose 6.8%, or 126%, year-over-year to 12.2% Average Loans (net of PPP) for Q3 2021 increased 17.0% year-over-year, to $1.2 billion Provision for loan losses of $1.0 million for Q3 2021 declined 17% year-over-year due to stabilizing credit trends Average Demand Deposits for Q3 2021 grew 36.7% year-over-year to $663.8 million Total Assets grew $510.3 million, or 30.6%, from year-end 2020 to $2.2 billion at September 30, 2021 Trust and asset advisory business revenue increased 16.7% year-over-year, to $2.4 million, for Q3 2021 Book Value per Share of $32.04 at September 30, 2021 increased $1.83, or 6.1% from December 31, 2020 Tangible Book Value per Share of $30.78 at September 30, 2021 increased $2.21, or 7.7% from December 31, 2020 MIDDLETOWN, NY / ACCESSWIRE / October 25, 2021 / 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 $5.6 million, or $1.06 per basic and diluted share, for the three months ended September 30, 2021. This compares with net income of $2.9 million, or $0.65 per basic and diluted share, for the three months ended September 30, 2020.

Orange County Bancorp, Inc. Announces Record Third Quarter 2021 Results

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According to the Insider Cluster Buys page, a Premium feature of GuruFocus, five stocks with high insider buys over the past two months are Orange County Bancorp Inc. ( OBT , Financial), FS KKR Capital Corp. ( FSK , Financial), Immuneering Corp. ( IMRX , Financial), Southern States Bancshares Inc. ( SSBK , Financial) and German American Bancorp Inc. ( GABC , Financial).

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Orange County Bancorp, Inc. Announces Record Second Quarter 2021 Results Net Income for Q2 2021 increased $2.3 million, or 80.4%, to a record $5.2 million versus Q2 2020  Return on average assets for Q2 2021 rose 28 basis points year-over-year to 1.05%  Return on common equity for Q2 2021 rose 603 basis points year-over-year to 15.0%  Provision for loan losses of $809 thousand declined 38% versus the same period last year due to stabilizing credit trends  Average Loans (net of PPP) for Q2 2021 increased 22.3% year-over-year, to $1.1 billion  Average Demand Deposits for Q2 2021 grew 37.4% year-over-year to $627.8 million  Total Assets grew $387.3 million, or 23.3%, from year-end 2020 to $2.1 billion at June 30, 2021  Trust and asset advisory business revenue increased 26.3%, to $2.4 million, for Q2 2021  MIDDLETOWN, NY / ACCESSWIRE / August 12, 2021 / 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 $5.2 million, or $1.16 per basic and diluted share, for the three months ended June 30, 2021. This compares with net income of $2.9 million, or $0.64 per basic and diluted share, for the three months ended June 30, 2020.

Orange County Bancorp, Inc. Announces Record Second Quarter 2021 Results

MIDDLETOWN, NY / ACCESSWIRE / August 9, 2021 / Orange County Bancorp, Inc. (Nasdaq:OBT) (the "Company"), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., today announced the closing of its initial public offering of common stock. The Company sold 1,150,000 shares of its common stock at a public offering price of $33.50 per share, including 150,000 shares of common stock sold pursuant to the underwriters' overallotment option, which was exercised in full.

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