Orange County Bancorp, Inc. (OBT) Q3 Earnings Lag Estimates

Core Viewpoint - Orange County Bancorp, Inc. reported quarterly earnings of $0.57 per share, significantly missing the Zacks Consensus Estimate of $1.43 per share, representing an earnings surprise of -60.14% compared to $1.61 per share a year ago [1][2] Financial Performance - The company posted revenues of $27.14 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.04% and showing an increase from $25.72 million year-over-year [2] - Over the last four quarters, Orange County Bancorp has surpassed consensus revenue estimates four times [2] Stock Performance - Shares of Orange County Bancorp have declined approximately 4.4% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations of outperforming the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $27.2 million, and for the current fiscal year, it is $5.91 on revenues of $106.9 million [7] - The trend of estimate revisions for the company has been favorable ahead of the earnings release [6] Industry Context - The Banks - Northeast industry, to which Orange County Bancorp belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]