Orange County Bancorp, Inc. Announces Record Third Quarter Earnings
Key Highlights
- ➤Net income $12.5 million, up 24.6%, marked record third-quarter earnings
- ➤EPS $0.93, up 24.2% year over year
- ➤Net interest margin rose 19 basis points to 4.45%
- ➤Deposits increased $56.0 million to $2.4 billion
- ➤Loans reached $2.0 billion, up from $1.9 billion year over year
Expert Statements
Michael Gilfeather, President and CEO of Orange County Bancorp
“I am very pleased to announce record earnings for the third quarter led by strong deposit and loan growth, and further expansion in net interest margin. This marks our third consecutive quarter of record earnings in 2026, a fact made particularly impressive by the challenging macro-economic environment in which we are operating.”
Michael Gilfeather, President and CEO of Orange County Bancorp
“For the quarter ended September 30, 2026, the Company earned $12.5 million, up $2.5 million, or 24.6%, from the quarter ended September 30, 2025.”
Michael Gilfeather, President and CEO of Orange County Bancorp
“The average yield of the loan portfolio during the period was 6.19%, up 16 basis points, or 2.7%, from 6.03% the prior quarter, and up six basis points, or 1%, from 6.13% the same quarter last year.”
Michael Gilfeather, President and CEO of Orange County Bancorp
“Our deliberate effort to lower deposit costs through organic growth was successful in Q3.”
* Net Income increased $2.5 million, or 24.6%, to $12.5 million for the quarter ended September 30, 2026, from $10.0 million for the quarter ended September 30, 2025, marking record third quarter earnings * Net Interest Margin increased 19 basis points, or 4.4%, to 4.45% for the three months ended September 30, 2026, from 4.26% for the three months ended September 30, 2025 * Total Deposits increased $56.0 million, or 2.4%, to $2.4 billion at September 30, 2026, from $2.3 billion at September 30, 2025 * Total Loans, including loans held-for-sale, were $2.0 billion at September 30, 2026, a comparable level from December 31, 2025 and up from $1.9 billion at September 30, 2025 * Earnings per share increased $0.18 per share, or 24.2%, to $0.93 per share for the quarter ended September 30, 2026, from $0.75 per share for the quarter ended September 30, 2025 * Book value per share grew $1.77, or 8.3%, to $23.04 at September 30, 2026, from $21.27 at December 31, 2025 MIDDLETOWN, N.Y., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors, Inc. (“OIA”), today announced net income of $12.5 million, or $0.93 per basic and diluted share, for the three months ended September 30, 2026. This compares with net income of $10.0 million, or $0.75 per basic and diluted share, for the three months ended September 30, 2025. The increase in earnings per share, basic and diluted, was due primarily to an increase in net interest income, which included a reduction in borrowing costs due to deposit growth, and reduction in provision for credit losses, partially offset by a decrease in noninterest income, resulting from the recognition of bank owned life insurance income in the prior year period. For the nine months ended September 30, 2026, net income reached $37.4 million, or $2.80 per basic and diluted share, as compared to $29.2 million, or $2.39 per basic and diluted share, for the nine months ended September 30, 2025.
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