Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +14.47%. A quarter ago, it was expected that this company would post earnings of $0.67 per share when it actually produced earnings of $0.77, delivering a surprise of +14.93%.Over the last four quarters, ...

Net Income increased $2.3 million, or 27.4%, to $10.5 million for the quarter ended June 30, 2025 from $8.2 million for the quarter ended June 30, 2024Net Interest Income grew $1.0 million, or 4.2%, to $25.1 million for the quarter ended June 30, 2025, as compared to $24.1 million for the quarter ended June 30, 2024Total Deposits rose $123.4 million, or 5.7%, to $2.3 billion at June 30, 2025, from $2.2 billion at year-end 2024Total Loans increased $102.1 million, or 5.6%, to $1.9 billion at June 30, 2025, f ...

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]

Core Viewpoint - Orange County Bancorp, Inc. has launched an underwritten public offering of its common stock to support general corporate purposes, including investments in the Bank, regulatory capital, liquidity, and potential strategic acquisitions [1][2]. Group 1: Offering Details - The Company expects to grant underwriters a 30-day option to purchase additional shares of its common stock [1]. - The net proceeds from the offering will be used for general corporate purposes, which may include investments in the Bank, augmenting regulatory capital and liquidity, and potential strategic acquisitions [2]. Group 2: Regulatory Filings - The Company has filed a shelf registration statement and a preliminary prospectus supplement with the SEC for the offering [3]. - Investors are encouraged to read the preliminary prospectus supplement and accompanying prospectus for complete information about the Company and the offering [3]. Group 3: Company Background - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., with total assets of approximately $2.6 billion [5]. - Orange Bank & Trust Company has a history of over 125 years, focusing on community and business clientele [5].

Core Viewpoint - Orange County Bancorp, Inc. reported a net income of $8.7 million for Q1 2025, reflecting a 6.3% decrease from $9.3 million in Q1 2024, primarily due to a one-time recovery in the previous year, despite growth in net interest income and noninterest income [2][4][10]. Financial Performance - Net income for Q1 2025 was $8.7 million, down $586 thousand from Q1 2024 [10]. - Net interest income increased by $2.0 million, or 9.4%, to $23.6 million compared to $21.6 million in the same period last year [11]. - Non-interest income rose by $670 thousand, or 18.2%, to $4.4 million for Q1 2025 [15]. - Total loans grew by $38.5 million, or 2.1%, reaching $1.9 billion at March 31, 2025 [21]. - Total deposits increased by $128.3 million, or 6.0%, to $2.3 billion at March 31, 2025 [22]. Asset Quality and Provision for Credit Losses - Provision for credit losses was $202 thousand for Q1 2025, compared to a net credit of $1.6 million in Q1 2024 [14]. - Non-performing loans amounted to $6.2 million, or 0.33% of total loans, stable compared to the previous quarter [30]. Capital and Book Value - Book value per share increased by $1.34, or 8.2%, to $17.69 at March 31, 2025 [3]. - Stockholders' equity rose by $15.8 million, or 8.5%, to $201.3 million at March 31, 2025 [24]. - The Bank maintained capital ratios above regulatory standards, with a Tier 1 capital-to-average-assets ratio of 10.41% [25]. Wealth Management Division - Wealth Management Division assets under management totaled $1.7 billion, down from $1.8 billion at December 31, 2024 [27]. - Trust and investment advisory income increased by $553 thousand, or 19.2%, to $3.4 million for Q1 2025 [9]. Market Conditions and Strategic Outlook - The quarter was characterized by market volatility and uncertainty, impacting economic growth expectations [4]. - The Bank continues to identify long-term investment opportunities for clients despite the challenging market environment [5].

Core Insights - The article emphasizes the importance of the Zacks Rank system, which focuses on earnings estimates and revisions to identify strong stocks [1] - Value investing is highlighted as a popular strategy for finding undervalued stocks that offer profit potential [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the Value category [3] Company Analysis: Orange County Bancorp, Inc. (OBT) - OBT currently holds a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential [4] - The stock has a Forward P/E ratio of 7.81, which is lower than the industry average of 8.86, suggesting it may be undervalued [4] - Over the past 12 months, OBT's Forward P/E has fluctuated between a high of 11.36 and a low of 7.10, with a median of 9.26 [4] - OBT's P/CF ratio stands at 8.60, significantly lower than the industry average of 13.74, further indicating undervaluation based on cash flow [5] - The P/CF ratio has ranged from a high of 11.32 to a low of 6.28 over the past 52 weeks, with a median of 8.86 [5] - These metrics suggest that OBT is likely undervalued and presents an impressive value stock opportunity based on its earnings outlook [6]

Group 1 - The core focus of Zacks is on a ranking system that emphasizes earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a preferred strategy for finding strong stocks, utilizing fundamental analysis and traditional valuation metrics [2] - The Style Scores system is introduced, allowing investors to find stocks with specific traits, particularly in the "Value" category [3] Group 2 - Orange County Bancorp, Inc. (OBT) is currently ranked 2 (Buy) by Zacks and has an A rating for Value, indicating strong investor interest [4] - OBT's Forward P/E ratio is 7.98, significantly lower than the industry's average of 9.64, suggesting potential undervaluation [4] - The stock's P/CF ratio is 8.74, which is also lower than the industry's average of 15.13, further indicating that OBT may be undervalued [5] - The historical range of OBT's Forward P/E has been between 7.67 and 11.36 over the past year, with a median of 9.26 [4] - OBT's P/CF has fluctuated between 6.28 and 11.32, with a median of 8.86, reinforcing the notion of its solid cash outlook [5] - Overall, OBT is positioned as one of the market's strongest value stocks based on its earnings outlook and valuation metrics [6]

Core Insights - Orange Bank & Trust Company has promoted Carla Alfieri to Senior Vice President, Director of Private Banking, and Jacqueline Weimmer to Director of Trust Services to support the expansion of Orange Wealth Management [1][6] Group 1: Leadership Promotions - Carla Alfieri will lead the private banking division, focusing on high-net-worth client relationships and personalized financial solutions, with both northern and southern private banking departments reporting to her [2] - Jacqueline Weimmer will oversee the Trust Services division, managing client relationships and providing strategic direction for trust and estate planning solutions, with several departments reporting directly to her [4] Group 2: Background of Promoted Officers - Carla Alfieri has been with the Bank since 1988, advancing through various roles and has been instrumental in the private banking service, which now serves over 700 clients [3] - Jacqueline Weimmer joined the Trust Services Department in 2023 and has extensive experience in Special Needs Trust administration, previously working at Comerica Bank [5] Group 3: Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company, which has grown to $2.5 billion in total assets and has expanded its branches in Rockland, Westchester, and the Bronx [6]