NASDAQ$OBT
Orange County Bancorp Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported record earnings for the first quarter of 2024, driven by net interest income growth, managed operating expenses, and a reduction in provision for credit losses.
Orange County Bancorp reported a significant increase in net income for Q1 2024, with net income reaching $9.3 million, a 187.6% increase compared to Q1 2023. The increase was driven by growth in net interest income, managed operating expenses, and a reduction in expense related to provision for credit losses.
- Net income increased by 187.6% to $9.3 million compared to the same quarter last year.
- Total deposits grew by $110.7 million, reaching $2.2 billion.
- Net interest margin decreased slightly to 3.64%.
- Trust and investment advisory income rose by 21.6% to $2.9 million.
Headline financials
Revenue & EPS history
Orange County Bancorp · Revenue · Quarterly
$25.3M
Revenue by segment
Orange County Bancorp · $1.48M total across 2 segments · Q3 2023
- Trust and Investment Advisory Income$1.27M+7.7%85.8%
- Service Charges on Deposit Accounts$210K—14.2%
Forward guidance
The bank is optimistic about reducing interest rates later in the year and assumes a conservative posture to benefit the bank regardless of the rate environment.
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 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
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