NASDAQ$OBT

Orange County Bancorp Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Net income increased and loan portfolio grew.

Orange County Bancorp reported a net income increase of 6.1% year-over-year, reaching $5.3 million for Q1 2022. The average loan portfolio grew by 16.7%, and trust and asset management revenues increased by 3.1%.

  • Net income for Q1 2022 increased $305 thousand, or 6.1%, over Q1 2021 to $5.3 million
  • Average loans (net of PPP) for Q1 2022 increased approximately 16.7%, to over $1.3 billion from $1.1 billion for Q1 2021
  • Average demand and money market deposits for Q1 2022 rose 25.5%, to $1.0 billion, from $801 million for Q1 2021
  • Trust and asset advisory business revenue increased 3.1%, to almost $2.4 million, for Q1 2022 as compared to the same quarter in 2021

Headline financials

Total Revenue

$19.3M

Previous: $16.5M+17.2%
EPS (adj)

$0.48

Previous: $1.12-57.1%
Net Interest Margin

3.1%

Previous: 3.3%-6.1%
Efficiency Ratio

61.1%

Previous: 62.0%-1.5%
Capital Expenditures

-$81K

Previous: $358K-122.6%
Free Cash Flow

$5.25M

Previous: $2.05M+156.5%
Net Income

$5.33M

Previous: $5.03M+6.1%
Operating Income

$14.1M

No prior period
Gross Profit

$18.4M

No prior period
Cash & Equivalents

$356M

Previous: $253M+40.8%
Total Assets

$2.28B

Previous: $1.91B+19.5%

Revenue & EPS history

Orange County Bancorp · Revenue · Quarterly

$19.3M

Q1 2022+17.2%vs Q1 2021
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Revenue by segment

Orange County Bancorp · $1.17M total across 1 segment · Q1 2022

  • Trust and Investment Advisory Income
    $1.17M

Forward guidance

Company does not guarantee to repeat results in the face of ongoing rate increases or an economic slowdown.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

33%

16 / 49 earnings

Positive

+14.5%

Q1 2024

Best reaction

-9.6%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-7.9%-6.0%
Q4 2025+4.6%+8.8%-3.4%
Q3 2025+2.1%+7.1%+15.7%
Q1 2025+3.2%+3.8%-4.5%
Q4 2024-1.1%-0.6%-12.5%
Q3 2024-8.1%-7.5%+3.5%
Q2 2024-4.8%-12.3%-2.6%
Q1 2024+14.5%+20.9%+13.5%
Q4 2023+1.3%-11.4%-10.9%
Q3 2023+4.6%+2.2%+11.5%
Q2 2023+10.8%+12.8%+15.0%
Q1 2023-9.6%-11.3%-11.6%
Q4 2022+0.0%-0.5%+11.5%
Q3 2022+1.0%+4.8%+11.3%
Q2 2022-3.0%+3.5%-0.6%
Q1 2021+1.0%+2.4%-0.3%
Q1 2022-4.3%-2.0%-4.0%
Q4 2021-1.6%+0.0%-0.9%
Q3 2020-1.3%-1.7%+0.9%
Q3 2021+2.1%+5.7%+1.1%
Q4 2020+1.9%-2.5%-0.1%
Q2 2021-0.2%+0.4%+4.1%
Q2 2020+0.0%+1.1%+0.2%
Q1 2020+0.0%+0.0%+0.0%
Q4 2019-0.3%+0.3%+4.1%
Q3 2019-1.0%-1.0%+2.6%
Q2 2019+0.0%+0.0%+1.8%
Q1 2019+0.0%+0.0%-0.9%
Q4 2018+0.0%+0.0%+3.7%
Q3 2018+0.0%-0.7%-13.8%
Q2 2018+0.0%+0.0%-9.1%
Q1 2018+0.0%+0.0%+0.9%
Q4 2017+0.0%+0.0%-1.8%
Q3 2017-3.3%-3.8%-5.4%
Q2 2017+0.0%+0.0%+1.1%
Q1 2017+1.1%+0.0%-0.5%
Q4 2016-1.1%-1.0%-0.7%
Q3 2016+0.0%+0.0%-1.2%
Q2 2016+0.0%+0.2%-0.2%
Q1 2016+0.0%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014+0.6%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014-0.9%
Q4 2012+0.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro