分组1 - Orange County Bancorp, Inc. reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, and showing a significant increase from $0.28 per share a year ago, representing an earnings surprise of +10.29% [1] - The company achieved revenues of $33.74 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 12.45%, compared to $27.14 million in the same quarter last year [2] - Over the last four quarters, the company has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] 分组2 - The stock has underperformed, losing about 13.1% since the beginning of the year, while the S&P 500 has gained 17.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.72 on revenues of $30.4 million, and for the current fiscal year, it is $2.85 on revenues of $118 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Insights - Orange County Bancorp, Inc. reported a significant increase in net income for Q3 2025, reaching $10.0 million, a 211.5% increase from $3.2 million in Q3 2024, driven by higher net interest income and non-interest income, along with a reduced provision for credit losses [1][10][11] Financial Performance - Net income for the nine months ended September 30, 2025, was $29.2 million, compared to $20.7 million for the same period in 2024 [1][10] - Net interest income rose by $4.0 million, or 17.3%, to $27.0 million for Q3 2025, compared to $23.0 million in Q3 2024 [11][12] - Non-interest income increased by $2.6 million, or 62.6%, to $6.8 million for Q3 2025, compared to $4.2 million in Q3 2024 [16] Asset and Deposit Growth - Total loans increased by $119.9 million, or 6.6%, reaching $1.9 billion at September 30, 2025, compared to $1.8 billion at December 31, 2024 [22][24] - Total deposits rose by $125.5 million, or 5.8%, to $2.3 billion at September 30, 2025, from $2.2 billion at year-end 2024 [5][24] Capital and Book Value - Book value per share increased by $3.86, or 23.6%, from $16.35 at December 31, 2024, to $20.21 at September 30, 2025 [2][34] - Stockholders' equity increased by approximately $84.6 million during the first nine months of 2025, reaching $270.1 million at September 30, 2025 [26] Efficiency and Cost Management - Non-interest expense for Q3 2025 was $16.8 million, reflecting a 5.6% increase from $16.0 million in Q3 2024, with an improved efficiency ratio of 49.9% [17][42] - The cost of deposits decreased to 1.13%, down 17 basis points from the previous quarter [5][6] Wealth Management Division - The Wealth Management division's trust and investment advisory income increased by $416 thousand, or 13.3%, to $3.5 million for Q3 2025 compared to $3.1 million for Q3 2024 [7][28]

Core Insights - Orange County Bancorp, Inc. announced the rebranding of Hudson Valley Investment Advisors to Orange Investment Advisors to create a unified brand experience with Orange Bank & Trust Company [1][2] - The rebranding aims to maintain existing advisory teams, investment strategies, and philosophies, ensuring continuity for clients [2] - This integration is seen as a significant step in unifying core businesses and enhancing brand consistency, ultimately aimed at better serving clients [3] Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, which was founded in 1996 and acquired in 2012 [3] - Orange Bank & Trust Company has approximately $2.6 billion in total assets and has a long-standing commitment to community and business clientele [3]

Core Points - Orange County Bancorp, Inc. announced the rebranding of Hudson Valley Investment Advisors to Orange Investment Advisors to create a streamlined experience for clients and staff [1][2] - The advisory team, investment strategy, investment philosophy, and investment committee will remain unchanged despite the name change, ensuring continuity for clients [2] - The rebranding is seen as a significant development that will enhance brand consistency and improve service delivery to clients [3] Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, which was founded in 1996 and acquired in 2012 [3] - Orange Bank & Trust Company has approximately $2.6 billion in total assets and has a long-standing commitment to community and business clientele [3]

Core Points - KBRA assigns a senior unsecured debt rating of BBB to Orange County Bancorp, Inc. and a subordinated debt rating of BBB- [1] - The short-term debt rating for Orange County Bancorp, Inc. is rated K3 [1] - For its main subsidiary, Orange Bank & Trust Company, KBRA assigns a deposit and senior unsecured debt rating of BBB+ and a subordinated debt rating of BBB [1] - The short-term deposit and debt ratings for Orange Bank & Trust Company are rated K2 [1] - The Outlook for all ratings is stable [1]

Financial Performance - Orange County Bancorp, Inc. reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, and up from $0.73 per share a year ago, representing an earnings surprise of +14.47% [1] - The company posted revenues of $32.46 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.65%, compared to year-ago revenues of $27.93 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Orange County Bancorp, Inc. shares have declined approximately 5% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.71 on revenues of $30.2 million, and for the current fiscal year, it is $3.05 on revenues of $118.8 million [7] - The outlook for the industry can significantly impact the stock's performance, with the Banks - Northeast industry currently ranking in the top 10% of over 250 Zacks industries [8]

Core Viewpoint - Orange County Bancorp, Inc. reported strong financial performance for the second quarter of 2025, with net income increasing by 27.4% year-over-year, driven by growth in net interest income and non-interest income, despite higher non-interest expenses [1][10]. Financial Performance - Net income for Q2 2025 was $10.5 million, or $0.87 per share, compared to $8.2 million, or $0.73 per share, in Q2 2024 [1][8]. - For the first half of 2025, net income reached $19.2 million, up from $17.5 million in the same period of 2024 [1][10]. - Net interest income rose by 4.2% to $25.1 million in Q2 2025, compared to $24.1 million in Q2 2024 [8][11]. - Non-interest income surged by 92.2% to $7.3 million in Q2 2025, driven by increased fee income and one-time gains [15][10]. Asset and Liability Management - Total assets increased by 3.8% to $2.6 billion as of June 30, 2025, from $2.5 billion at the end of 2024 [18]. - Total loans grew by 5.6% to $1.9 billion, with significant increases in commercial real estate and construction loans [21][5]. - Total deposits rose by 5.7% to $2.3 billion, with a notable shift from higher-cost brokered deposits to lower-cost client funds [6][22]. Capital and Equity - Book value per share increased by 15.6% to $18.90 as of June 30, 2025, from $16.35 at the end of 2024 [2][10]. - Stockholders' equity rose by approximately $67.1 million to $252.6 million, supported by earnings and a completed common stock offering [25][10]. Wealth Management - The Wealth Management division's assets under management increased by 2.5% to $1.8 billion, with trust and investment advisory income growing by 14.8% to $3.4 million in Q2 2025 [27][9]. Loan Quality and Credit Losses - Total non-performing loans were $11.7 million, or 0.61% of total loans, reflecting an increase from $6.3 million at the end of 2024 [30][10]. - The provision for credit losses was $2.1 million for Q2 2025, slightly down from $2.2 million in Q2 2024 [14][10]. Tax and Regulatory Compliance - The provision for income taxes for Q2 2025 was $3.1 million, up from $2.0 million in Q2 2024, reflecting higher pre-tax income levels [17][10]. - The Bank maintained capital ratios above regulatory standards, with a Tier 1 capital ratio of 12.40% [26][10].

Core Insights - Orange Bank & Trust Company has promoted Elizabeth "Liz" Jones to Executive Vice President, recognizing her significant contributions to the bank's operational efficiency and strategic growth [1][3]. Company Overview - Orange Bank & Trust Company is a leading financial institution in the Hudson Valley, focusing on commercial lending, business banking, payment processing, and wealth management services, with over $2.5 billion in assets [5]. Leadership and Achievements - Liz Jones joined the bank in 2016 and has held various leadership positions, including Chief Operating Officer, where she oversaw critical operational projects such as the bank's core conversion [2][4]. - The promotion reflects her exceptional leadership, work ethic, and ability to align the bank's structure and offerings with client needs, contributing to sustained loan and deposit growth [3][4]. Strategic Role - As Chief of Staff to the President and CEO, Jones has played a key role in driving the bank's strategic agenda and delivering on major project milestones [3].

Core Viewpoint - Orange County Bancorp, Inc. has successfully completed a public offering, with underwriters exercising their overallotment option to sell an additional 258,064 shares at a price of $23.25 per share, resulting in expected proceeds of approximately $5.7 million for the company [1]. Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. The bank has approximately $2.6 billion in total assets and has been committed to community and business clientele for over 125 years [5]. - Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor based in Goshen, NY, founded in 1996 and acquired by the company in 2012 [5]. Offering Details - The offering was conducted under an effective shelf registration statement on Form S-3, and interested parties can access the preliminary and final prospectus supplements through the SEC website or by contacting the joint book-running managers [3]. - Piper Sandler & Co. and Stephens Inc. acted as joint book-running managers for the offering [2]. Financial Implications - The additional shares sold through the overallotment option are expected to generate approximately $5.7 million in proceeds for the company after deducting underwriting discounts and commissions [1].

Group 1 - Orange County Bancorp, Inc. announced a public offering of 1,720,430 shares of common stock at a price of $23.25 per share, with an additional option for underwriters to purchase up to 258,064 shares [1][2] - The total gross proceeds from the offering are expected to be approximately $40.0 million, potentially increasing to $46.0 million if the underwriters fully exercise their option [2] - The net proceeds will be used for general corporate purposes, including investments in the Bank, enhancing regulatory capital and liquidity, and potential strategic acquisitions, although there are no current plans for specific acquisitions [2] Group 2 - The offering is expected to close on June 5, 2025, subject to customary closing conditions [2] - Piper Sandler & Co. and Stephens Inc. are acting as joint book-running managers for the offering [3] - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company, which has approximately $2.6 billion in total assets, and Hudson Valley Investment Advisors, Inc. [6]