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].

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]