Orange County Bancorp, Inc. (OBT) Tops Q2 Earnings and Revenue Estimates

分组1 - Orange County Bancorp, Inc. reported quarterly earnings of $1.46 per share, exceeding the Zacks Consensus Estimate of $1.30 per share, but down from $1.61 per share a year ago, representing an earnings surprise of 12.31% [1] - The company achieved revenues of $27.93 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 10.21%, compared to $25.89 million in the same quarter last year [2] - Over the last four quarters, Orange County Bancorp, Inc. has consistently surpassed consensus EPS and revenue estimates [2] 分组2 - The stock has underperformed the market, losing about 2.1% since the beginning of the year, while the S&P 500 has gained 14% [3] - The current consensus EPS estimate for the upcoming quarter is $1.30 on revenues of $25.39 million, and for the current fiscal year, it is $5.38 on revenues of $101.75 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 13% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]