Reported Earnings • Apr 30
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.84 (up from US$0.77 in 1Q 2025). Revenue: US$32.5m (up 17% from 1Q 2025). Net income: US$11.3m (up 30% from 1Q 2025). Profit margin: 35% (up from 31% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Orange County Bancorp, Inc., Annual General Meeting, May 26, 2026 Orange County Bancorp, Inc., Annual General Meeting, May 26, 2026. Location: 212 dolson avenue, new york, middletown United States Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$3.33 (up from US$2.47 in FY 2024). Revenue: US$119.5m (up 19% from FY 2024). Net income: US$41.6m (up 49% from FY 2024). Profit margin: 35% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.18% (up from 3.83% in FY 2024). Non-performing loans: 0.57% (up from 0.35% in FY 2024). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Declared Dividend • Feb 25
Fourth quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 4th March 2026 Payment date: 16th March 2026 Dividend yield will be 1.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 21
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on March 16, 2026 Orange County Bancorp, Inc. announced a declaration of a $0.18 cash dividend per share of its common stock. The dividend will be paid on March 16, 2026 to shareholders of record on March 4, 2026. Reported Earnings • Feb 06
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$3.33 (up from US$2.47 in FY 2024). Revenue: US$119.5m (up 19% from FY 2024). Net income: US$41.6m (up 49% from FY 2024). Profit margin: 35% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.18% (up from 3.83% in FY 2024). Non-performing loans: 0.57% (up from 0.35% in FY 2024). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Feb 06
Price target increased by 11% to US$34.67 Up from US$31.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$35.21. Stock is up 31% over the past year. The company is forecast to post earnings per share of US$3.22 for next year compared to US$3.33 last year. Declared Dividend • Nov 28
Third quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 4th December 2025 Payment date: 16th December 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (17% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 25
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on December 16, 2025 Orange County Bancorp, Inc. announced a $0.05 increase and a declaration of a $0.18 cash dividend per share of its common stock. The dividend will be paid on December 16, 2025 to shareholders of record on December 4, 2025. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.75 (up from US$0.28 in 3Q 2024). Revenue: US$29.9m (up 50% from 3Q 2024). Net income: US$10.0m (up 212% from 3Q 2024). Profit margin: 34% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 31
Second quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 8th September 2025 Payment date: 16th September 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on September 16, 2025 Orange County Bancorp, Inc. announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on September 16, 2025 to shareholders of record on September 8, 2025. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.87 (up from US$0.73 in 2Q 2024). Revenue: US$30.3m (up 18% from 2Q 2024). Net income: US$10.5m (up 27% from 2Q 2024). Profit margin: 35% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 30
Orange County Bancorp, Inc.(NasdaqCM:OBT) dropped from Russell 2000 Dynamic Index Orange County Bancorp, Inc.(NasdaqCM:OBT) dropped from Russell 2000 Dynamic Index Recent Insider Transactions • Jun 06
Independent Director recently bought US$150k worth of stock On the 4th of June, Jonathan Schiller bought around 6k shares on-market at roughly US$23.25 per share. This transaction increased Jonathan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$167k more in shares than they bought in the last 12 months. New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (US$172k sold). Declared Dividend • May 22
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 4th June 2025 Payment date: 16th June 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 17
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on June 16, 2025 Orange County Bancorp, Inc. announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on June 16, 2025 to shareholders of record on June 4, 2025. Recent Insider Transactions • May 10
Insider recently sold US$65k worth of stock On the 5th of May, Michael Coulter sold around 2k shares on-market at roughly US$26.17 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$313k more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.77 (down from US$0.82 in 1Q 2024). Revenue: US$27.8m (up 3.2% from 1Q 2024). Net income: US$8.70m (down 6.3% from 1Q 2024). Profit margin: 31% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Orange County Bancorp, Inc., Annual General Meeting, May 20, 2025 Orange County Bancorp, Inc., Annual General Meeting, May 20, 2025. Location: 4 west red oak lane, white plains, new york United States Announcement • Mar 25
Orange Bank Trust Announces Management Changes Orange Bank Trust has announced two promotions. The financial services firm has announced the promotion of two officers to promote the expansion of Orange Wealth Management. It has promoted Carla Alfieri to senior vice president, director of Private Banking, and Jacqueline Weimmer to director of Trust Services. In the position, Alfieris will lead the bank's private banking division and will focus on managing relationships with high-net-worth clients. She joined the bank in 1988. As director, Weimmer is to oversee the Trust Services division with a focus on business development efforts. Price Target Changed • Mar 24
Price target decreased by 8.1% to US$31.25 Down from US$34.00, the current price target is an average from 2 analysts. New target price is 27% above last closing price of US$24.55. Stock is up 8.0% over the past year. The company is forecast to post earnings per share of US$2.90 for next year compared to US$2.47 last year. Reported Earnings • Mar 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$2.47 (down from US$2.62 in FY 2023). Revenue: US$100.0m (up 6.5% from FY 2023). Net income: US$27.9m (down 5.4% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.83% (up from 3.78% in FY 2023). Non-performing loans: 0.35% (up from 0.25% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 4th March 2025 Payment date: 17th March 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (19% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on March 17, 2025 Orange County Bancorp, Inc. announced a declaration of a $0.13 cash dividend per share of its common stock. The dividend will be paid on March 17, 2025 to shareholders of record on March 4, 2025. Reported Earnings • Feb 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$2.47 (down from US$2.62 in FY 2023). Revenue: US$100.0m (up 6.5% from FY 2023). Net income: US$27.9m (down 5.4% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • Nov 27
Third quarter dividend increased to US$0.25 Dividend of US$0.25 is 8.7% higher than last year. Ex-date: 4th December 2024 Payment date: 16th December 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (15% forecast payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Nov 25
Insider recently sold US$53k worth of stock On the 21st of November, Joseph Ruhl sold around 910 shares on-market at roughly US$57.75 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$332k more than they bought in the last 12 months. Announcement • Nov 23
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on December 16, 2024 Orange County Bancorp, Inc. announced a $0.02 increase and a declaration of a $0.25 cash dividend per share of its common stock. The dividend will be paid on December 16, 2024 to shareholders of record on December 4, 2024. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$100.2m to US$107.4m. EPS estimate fell from US$5.94 to US$5.07 per share. Net income forecast to grow 6.7% next year vs 13% growth forecast for Banks industry in the US. Consensus price target of US$65.00 unchanged from last update. Share price rose 17% to US$62.09 over the past week. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$62.09, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$104 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: US$0.57 (down from US$1.61 in 3Q 2023). Revenue: US$20.0m (down 20% from 3Q 2023). Net income: US$3.22m (down 64% from 3Q 2023). Profit margin: 16% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) missed analyst estimates by 62%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Price Target Changed • Oct 11
Price target increased by 8.2% to US$66.00 Up from US$61.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$56.39. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$5.94 for next year compared to US$5.24 last year. Declared Dividend • Aug 21
Second quarter dividend of US$0.23 announced Dividend of US$0.23 is the same as last year. Ex-date: 4th September 2024 Payment date: 16th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.8% over the next year. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 17
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on September 16, 2024 On August 15, 2024, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on September 16, 2024 to shareholders of record on September 4, 2024. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$51.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.46 (down from US$1.61 in 2Q 2023). Revenue: US$25.7m (flat on 2Q 2023). Net income: US$8.21m (down 9.6% from 2Q 2023). Profit margin: 32% (down from 35% in 2Q 2023). Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Price Target Changed • Aug 01
Price target increased by 12% to US$61.00 Up from US$54.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$62.19. Stock is up 38% over the past year. The company is forecast to post earnings per share of US$5.74 for next year compared to US$5.24 last year. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$59.06, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$96.77 per share. Declared Dividend • May 22
First quarter dividend of US$0.23 announced Dividend of US$0.23 is the same as last year. Ex-date: 4th June 2024 Payment date: 14th June 2024 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.0% over the next year. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Announcement • May 18
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on June 14, 2024 On May 16, 2024, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on June 14, 2024 to shareholders of record on June 4, 2024. Price Target Changed • May 13
Price target decreased by 9.4% to US$53.00 Down from US$58.50, the current price target is an average from 2 analysts. New target price is 8.7% above last closing price of US$48.76. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$5.65 for next year compared to US$5.24 last year. Recent Insider Transactions • May 09
Insider recently sold US$52k worth of stock On the 6th of May, Michael Coulter sold around 1k shares on-market at roughly US$51.84 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$402k more than they bought in the last 12 months. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.65 (vs US$0.57 in 1Q 2023) First quarter 2024 results: EPS: US$1.65 (up from US$0.57 in 1Q 2023). Revenue: US$26.9m (up 50% from 1Q 2023). Net income: US$9.29m (up 188% from 1Q 2023). Profit margin: 35% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 13
Orange County Bancorp, Inc., Annual General Meeting, May 21, 2024 Orange County Bancorp, Inc., Annual General Meeting, May 21, 2024, at 14:00 US Eastern Standard Time. Location: 212 Dolson Avenue, Middletown New York United States Agenda: To consider the election of three directors; to consider the ratification of the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2024; and to consider other matters. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: US$5.24 (up from US$4.33 in FY 2022). Revenue: US$93.9m (up 17% from FY 2022). Net income: US$29.5m (up 21% from FY 2022). Profit margin: 31% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.78% (up from 3.52% in FY 2022). Non-performing loans: 0.25% (down from 0.54% in FY 2022). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Feb 25
Fourth quarter dividend of US$0.23 announced Dividend of US$0.23 is the same as last year. Ex-date: 1st March 2024 Payment date: 15th March 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (18% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on March 15, 2024 On February 15, 2024, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on March 15, 2024 to shareholders of record on March 4, 2024. Announcement • Feb 16
Louis Heimbach Not to Stand for Re-Election as Director of Orange County Bancorp, Inc Orange County Bancorp, Inc. announced that on February 8, 2024, Director, Louis Heimbach advised the Board of Directors of the company that he would not stand for re-election at the Company’s next annual meeting. Mr. Heimbach did not cite any disagreement with the Company in connection with his retirement. Major Estimate Revision • Feb 11
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$99.8m to US$104.5m. EPS estimate increased from US$5.06 to US$5.73 per share. Net income forecast to grow 9.6% next year vs 3.7% decline forecast for Banks industry in the US. Consensus price target of US$58.50 unchanged from last update. Share price was steady at US$45.90 over the past week. Reported Earnings • Feb 02
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$5.24 (up from US$4.33 in FY 2022). Revenue: US$93.9m (up 17% from FY 2022). Net income: US$29.5m (up 21% from FY 2022). Profit margin: 31% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Announcement • Dec 29
Orange County Bancorp, Inc. Announces Resignation of Terry Saturno as Director, Effective from May 16, 2024 On December 21, 2023, Director Terry Saturno advised the Boards of Directors of Orange County Bancorp, Inc. and its wholly-owned subsidiary, Orange Bank & Trust Company that she would not stand for re-election at the Company's next annual meeting and she will be resigning from the Company and the Bank Boards effective May 16, 2024. Ms. Saturno did not cite any disagreement with the Company or the Bank in connection with her resignation. Recent Insider Transactions • Dec 22
Insider recently sold US$84k worth of stock On the 15th of December, Michael Coulter sold around 2k shares on-market at roughly US$56.00 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$298k more than they bought in the last 12 months. Price Target Changed • Dec 13
Price target increased by 9.3% to US$53.00 Up from US$48.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$54.00. Stock is up 14% over the past year. The company is forecast to post earnings per share of US$5.14 for next year compared to US$4.33 last year. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.23 per share at 2.0% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%). Announcement • Nov 18
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on December 15, 2023 On November 16, 2023, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on December 15, 2023 to shareholders of record on December 4, 2023. Recent Insider Transactions • Nov 10
Insider recently sold US$67k worth of stock On the 7th of November, Michael Coulter sold around 2k shares on-market at roughly US$44.55 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$180k more than they bought in the last 12 months. Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$1.61 (up from US$1.40 in 3Q 2022). Revenue: US$24.9m (up 12% from 3Q 2022). Net income: US$9.04m (up 15% from 3Q 2022). Profit margin: 36% (up from 35% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 28
Orange County Bancorp, Inc. Appoints Olga Luz Tirado to Board of Directors Orange County Bancorp, Inc. announced the appointment of Olga Luz Tirado to the Company's Boards of Directors effective October 1, 2023. Tirado is president of O Communications & Solutions, Inc., a minority- and women-owned public relations and branding agency she founded in 2017. She previously spent 10 years leading The Bronx Tourism Council (BTC), where she launched a successful campaign to connect local cultural partners, restaurants, arts institutions, business, and corporate entities while rebranding the borough, its rich history, and diversity to both a domestic and global audience. Tirado managed the borough's high-profile events such as Bronx Week, Tour de Bronx, and Savor The Bronx Restaurant Week. She also published the Annual Bronx Visitor Guide and produced and hosted the Webby-winning podcast "Go Bronx Pod." She is a member of the board of the New York State Tourism Industry Association (NYSTIA) and a key contributor to the Diversity, Equity, Inclusion, and Accessibility Committee. Announcement • Aug 19
Orange County Bancorp, Inc. Declares a Dividend, Payable on September 15, 2023 On August 17, 2023, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on September 15, 2023 to shareholders of record on September 4, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: US$1.61 (up from US$0.38 in 2Q 2022). Revenue: US$25.7m (up 71% from 2Q 2022). Net income: US$9.09m (up 331% from 2Q 2022). Profit margin: 35% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 06
Insider recently sold US$90k worth of stock On the 28th of July, Michael Coulter sold around 2k shares on-market at roughly US$45.06 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$95k more than they bought in the last 12 months. Announcement • May 20
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on June 14, 2023 On May 18, 2023, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on June 14, 2023 to shareholders of record on June 2, 2023. Announcement • Feb 18
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on March 15, 2023 On February 16, 2023, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on March 15, 2023 to shareholders of record on March 3, 2023. Announcement • Dec 15
Orange County Bancorp, Inc. and Orange Bank & Trust Company Announces Resignation of Susan Metzger as Director On December 12, 2022, Director Susan Metzger advised the Boards of Directors of Orange County Bancorp, Inc. and its wholly-owned subsidiary, Orange Bank & Trust Company that she would not stand for re-election at the Company’s next annual meeting. Ms. Metzger did not cite any disagreement with the Company or the Bank. Announcement • Nov 19
Orange County Bancorp, Inc. Declares Cash Dividend, Payable on December 15, 2022 On November 17, 2022, the Board of Directors of Orange County Bancorp, Inc. declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on December 15, 2022 to shareholders of record on December 2, 2022. Announcement • Sep 21
Orange County Bancorp, Inc. and Orange Bank & Trust Company Announce the Appointment of Marianna R. Kennedy to the Board of Directors, Effective October 1, 2022 The Board of Directors and President and CEO Michael Gilfeather of Orange County Bancorp, Inc. announced the appointment of Marianna R. Kennedy to the Company's and the Orange Bank & Trust Company Boards of Directors effective October 1, 2022. Ms. Kennedy is a practicing attorney and partner at Drake Loeb PLLC, a distinguished law firm in the Hudson Valley. She has concentrated her practice on business and financial transactions. She represents regional businesses primarily in matters involving acquisitions, sales and mergers, commercial contracts, succession planning, commercial borrowing, and leasing. Ms. Kennedy graduated magna cum laude from Pace University School of Law and began her career with New York City law firm, Coudert Brothers, before returning to the Hudson Valley. Ms. Kennedy currently serves as a member of the Board of Directors of the SUNY Orange Foundation, and is a member of its Executive Committee. She is also a past member of the Board of Directors of St. Luke's Cornwall Hospital Foundation, The Greater Hudson Valley Family Heath Center, the Newburgh Ministry, the Music Conservatory of Westchester, the Ritz Theatre, and Opera Company of the Highlands. She is also a prior member of the Board of Trustees of Mount Saint Mary College. Announcement • Jul 01
Orange County Bancorp, Inc. and Orange Bank &Trust Co. Announce Appointment of Jonathan Rouis as New Board Chair Orange County Bancorp, Inc., parent company of Orange Bank &Trust Co. (the Bank) and Hudson Valley Investment Advisors, Inc. (HVIA), announced the appointment of Jonathan Rouis as new board chair of both the company's and Bank's board of directors effective June 17th, 2022. He assumes the position held for the past ten years by Lou Heimbach. Mr. Rouis, who has been a Company director since 2018, is a CPA and Equity Partner for RBT CPAs, an accounting, auditing, tax, and consulting firm. Prior to that he was the managing partner at Rouis &Company LLP CPAs. Mr. Rouis also served in the Sullivan County Legislature and as its Chairman. He holds a Bachelor of Business Administration in Accounting from St. Bonaventure University and is a member or past member of several professional and community organizations, including the Greater Hudson Valley Health Systems. Mr. Rowley, who has served on the board of the Company and the Bank since 2009, is an entrepreneur with an extensive background in construction and building supplies. He was the CEO and owner of Rowley Building Products and currently serves as President of Libertyville Capital Group and Rowley Development Corp. Announcement • Jun 26
Orange County Bancorp, Inc.(NasdaqCM:OBT) dropped from Russell Microcap Value Index Orange County Bancorp, Inc.(NasdaqCM:OBT) dropped from Russell Microcap Value Index Announcement • May 21
Orange County Bancorp, Inc. Declares Quarterly Cash Dividend, Expected to Be Paid on June 15, 2022 On May 20, 2022, Orange County Bancorp, Inc. announced that the Board of Directors declared a quarterly cash dividend on the Company’s outstanding shares of common stock of $0.20 per share. The dividend will be payable to stockholders of record as of June 2, 2022 and is expected to be paid on June 15, 2022. Announcement • Apr 20
Orange County Bancorp, Inc., Annual General Meeting, May 24, 2022 Orange County Bancorp, Inc., Annual General Meeting, May 24, 2022, at 14:00 US Eastern Standard Time. Location: main office of the Company located at 212 Dolson Avenue, Middletown, New York Middletown New York United States Agenda: To consider the election of four directors;To consider the ratification of the appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2022; and discuss other matters. Announcement • Feb 19
Orange County Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2022 Orange County Bancorp, Inc. declared quarterly cash dividend on the company’s outstanding shares of common stock of $0.20 per share. The dividend will be payable to stockholders of record as of March 2, 2022 and expected to be paid on March 15, 2022. Announcement • Oct 06
Orange County Bancorp, Inc. announced that it has received $20 million in funding Orange County Bancorp, Inc. (OTCPK:OCBI) announced a private placement of fixed- to floating-rate subordinated notes due 2030 for gross proceeds of $20 million on September 24, 2020. The transaction involved participation from 19 investors certain qualified institutional buyers and accredited institutional investors. The minimum investment accepted from any outsider investor is $100,000. The notes have a maturity date of September 30, 2030, and bear interest, payable semiannually, at the rate of 4.25% per annum, until September 30, 2025. Commencing on that date, the interest rate applicable to the outstanding principal amount due will reset quarterly to an interest rate per annum equal to the then current three-month secured overnight financing rate plus 413 basis points, payable quarterly until maturity. The company has received funding pursuant to exemption provided under Regulation D.