Core Insights - Orange County Bancorp, Inc. has appointed Robert Carr and Stephen Soper as Portfolio Managers at Orange Investment Advisors, effective immediately [1][2] Group 1: Appointments and Responsibilities - Carr and Soper will manage client portfolios according to individual investment objectives and the firm's investment philosophy, covering the entire client lifecycle from risk evaluation to portfolio monitoring [2] - Their leadership is expected to enhance the firm's investment capabilities during a period of growth [3] Group 2: Background of New Appointees - Robert Carr has over 25 years of experience in institutional sales and capital markets, previously serving as Principal at VS Asset Management [3] - Stephen Soper has more than 30 years in the financial industry, most recently as Vice President and Senior Trust Officer at Passumpsic Bank, with experience in wealth management and private banking [4] Group 3: Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, with total assets of approximately $2.7 billion [5]

Core Insights - Orange County Bancorp, Inc. has appointed Robert Carr and Stephen Soper as Portfolio Managers at Orange Investment Advisors, effective immediately [1][2] Group 1: Appointments and Responsibilities - Carr and Soper will manage client portfolios according to individual investment objectives and the firm's investment philosophy, covering the entire client lifecycle from risk evaluation to portfolio monitoring [2] - Their leadership is expected to enhance the firm's investment capabilities during a period of growth [3] Group 2: Background of New Appointees - Robert Carr has over 25 years of experience in institutional sales and capital markets, previously serving as Principal at VS Asset Management [3] - Stephen Soper has more than three decades in the financial industry, most recently as Vice President and Senior Trust Officer at Passumpsic Bank, with experience in wealth management and private banking [4] Group 3: Strategic Alignment and Growth - The appointments are seen as a strengthening of the firm's leadership, aligning with Orange Bank & Trust Company's strategic goals to drive growth while ensuring fiduciary excellence and personalized client service [5] - Orange County Bancorp, Inc. has approximately $2.7 billion in total assets, reflecting its growth and commitment to community and business clientele [5]

Company Performance - Shares of Orange County Bancorp, Inc. (OBT) have increased by 16.7% over the past month and reached a new 52-week high of $35.07 [1] - The stock has gained 19.3% since the beginning of the year, outperforming the Zacks Finance sector's 0.5% and the Zacks Banks - Northeast industry's 12.4% [1] Earnings and Revenue Expectations - OBT has a strong record of positive earnings surprises, not missing earnings consensus estimates in the last four quarters [2] - For the current fiscal year, OBT is expected to post earnings of $3.32 per share on revenues of $136.5 million, reflecting a -0.3% change in EPS and a 7.31% change in revenues [3] - For the next fiscal year, earnings are projected to be $3.78 per share on revenues of $142.5 million, indicating a year-over-year change of 13.86% in EPS and 4.4% in revenues [3] Valuation Metrics - OBT currently trades at 10.3X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 10.1X [7] - On a trailing cash flow basis, the stock trades at 12.5X versus the peer group's average of 12.6X [7] Zacks Rank and Style Scores - OBT has a Zacks Rank of 2 (Buy) due to rising earnings estimates [8] - The stock has a Value Score of B, a Growth Score of C, and a Momentum Score of A, resulting in a combined VGM Score of B [6][9] Industry Comparison - The Banks - Northeast industry is in the top 21% of all industries, indicating favorable conditions for both OBT and its peers [12] - Atlantic Union Bankshares Corporation (AUB), a peer, has a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of $3.76 per share on revenues of $1.57 billion for the current fiscal year [10][11]

分组1 - Orange County Bancorp, Inc. reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.75 per share, and showing an increase from $0.63 per share a year ago, resulting in an earnings surprise of +24.00% [1] - The company achieved revenues of $33.03 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.20%, compared to $27.38 million in the same quarter last year [2] - Orange County Bancorp, Inc. has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 12.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $31.5 million, and for the current fiscal year, it is $3.27 on revenues of $130.8 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 22% 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 the fourth quarter and full year 2025, reaching $12.4 million and $41.6 million respectively, representing increases of 73.5% and 49.3% compared to the previous year [1][6][10]. Financial Performance - Net income for the fourth quarter of 2025 was $12.4 million, up from $7.2 million in the same quarter of 2024, driven by increased net interest income and noninterest income, along with reduced noninterest expenses [1][10]. - For the full year 2025, net income was $41.6 million, compared to $27.9 million in 2024, reflecting continued growth in net interest income and noninterest income [6][10]. Earnings Per Share - Basic and diluted earnings per share for the fourth quarter were $0.93, compared to $0.63 in the same quarter of 2024, and for the full year, they were $3.33, up from $2.47 in 2024 [1][10]. Loan and Deposit Growth - Total loans increased by $134.5 million, or 7.4%, to $2.0 billion at the end of 2025, supported by strong economic activity [4][22]. - Total deposits grew by $157.0 million, or 7.3%, reaching $2.3 billion at December 31, 2025, with a focus on lower-cost deposits [5][23]. Interest Income and Expense - Net interest income rose by $5.3 million, or 22.8%, to $28.3 million for the fourth quarter of 2025, and for the full year, it reached $104.1 million, an increase of 13.4% [11][12]. - Total interest expense decreased by $2.2 million during the fourth quarter, reflecting lower costs associated with deposits and borrowings [13][14]. Noninterest Income - Noninterest income increased by $383 thousand, or 8.9%, for the fourth quarter, and by $7.2 million for the full year, driven by various fee income categories [16][10]. Noninterest Expense - Noninterest expense for the fourth quarter was $17.8 million, a decrease of 3.6% from the previous year, contributing to an improved efficiency ratio of 53.9% [17][10]. - For the full year, noninterest expense reached $67.9 million, reflecting a $2.7 million increase over the previous year [17]. Wealth Management - The Wealth Management Division reported a 5.9% increase in assets under management, totaling $1.9 billion, with trust and investment advisory income rising by 15.2% to $14.1 million for the year [27][28]. Financial Condition - Total consolidated assets increased by $149.5 million, or approximately 6.0%, to $2.7 billion at December 31, 2025 [19]. - Stockholders' equity increased by approximately $98.8 million during 2025, reaching $284.4 million, driven by earnings and a common stock offering [25]. Capital Ratios - The Bank maintained capital ratios exceeding regulatory standards, with a Tier 1 capital to average assets ratio of 12.67% and total capital to risk-weighted assets of 18.58% [26].

Market Overview - Major U.S. indexes have shown significant year-to-date gains: Nasdaq Composite up 78.1%, S&P 500 up 15.8%, and Dow Jones Industrial Average up 11.5% [1] - Despite strong performance, volatility remains as investors shift to safer sectors, moving away from high-valuation technology and AI stocks [1] - Ongoing instability from government tariff policies and economic uncertainty continues to impact market participants [1] Employment and Economic Data - The unemployment rate for September rose to 4.4%, the highest in four years, while nonfarm payrolls increased by 119,000 [2] - Retail sales in September grew by only 0.2%, below expectations, with higher prices raising affordability concerns [2] - The Producer Price Index (PPI) increased by 0.3% in September, aligning with market expectations [2] - The consumer confidence index fell to 88.7, a seven-month low, significantly below the consensus estimate of 93.5 [2] Federal Reserve Expectations - Investors are anticipating a 25-basis point cut in benchmark interest rates by the Federal Reserve in December to address labor-market softness and support growth [3] Dividend-Paying Stocks - In a volatile market, dividend-paying stocks are recommended for portfolio diversification [4] - Notable dividend-paying companies include: - **Orange County Bancorp, Inc. (OBT)**: Declared an 18-cent dividend with a yield of 1.9% [5][6] - **United Bankshares (UBSI)**: Declared a 38-cent dividend with a yield of 3.9% [7] - **Dillard's (DDS)**: Declared a $30 dividend with a yield of 0.2% [10] - **Patrick Industries (PATK)**: Declared a 47-cent dividend with a yield of 1.5% [11][12] - **Agilent Technologies (A)**: Declared a 26-cent dividend with a yield of 0.6% [13][14] - Companies with consistent dividend payouts indicate a healthy business model and tend to outperform non-dividend-paying entities in volatile markets [4]

Market Overview - Wall Street is attempting to rebound after volatility in October and November, but concerns over high inflation, economic health, and uncertainty regarding a Federal Reserve rate cut in December persist [1] - Consumer confidence remains low, which could lead to further market volatility [2] Consumer Sentiment - Consumer sentiment declined to a record low of 51 in November, down from 53.6 in October, representing a 29% year-over-year decrease [3] Federal Reserve Actions - The Federal Reserve cut interest rates by 25 basis points in September and October, but high inflation remains a concern, complicating potential future cuts [4] - A shrinking labor market raises fears of a slowing economy, with expectations that the Federal Reserve may cautiously approach rate cuts in 2026 [4] Impact of Tariffs - President Trump's tariffs have increased commodity prices, leading consumers to reduce spending ahead of the holiday season, which may contribute to prolonged market volatility [5] Dividend-Paying Stocks - Cautious investors may consider dividend-paying stocks for steady income and capital protection amid market uncertainty [2] - Three notable stocks include: - **Orange County Bancorp, Inc. (OBT)**: Announced a dividend of $0.18 per share with a yield of 1.90%, having increased dividends four times in the past five years [6][7] - **Dillard's, Inc. (DDS)**: Declared a dividend of $30 per share with a yield of 0.18%, having increased dividends eight times in the past five years [8][10] - **United Bankshares, Inc. (UBSI)**: Announced a dividend of $0.38 per share with a yield of 3.93%, having increased dividends three times in the past five years [11][12]

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]