NASDAQ$OBT

Orange County Bancorp Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record earnings for 2021, driven by increases in net interest income and non-interest income and a decrease in the provision for loan losses.

Orange County Bancorp, Inc. announced record earnings for 2021. For the fourth quarter of 2021, net income was $5.5 million, or $0.97 per basic and diluted share, compared to $3.4 million, or $0.76 per basic and diluted share, for the same period in 2020. The company's loan portfolio increased more than 12%, to $1.3 billion, and its deposit base increased more than 28%, to $1.9 billion.

  • Net Income for full year 2021 increased $9.6 million, or 82.1%, to a record $21.3 million
  • Return on average assets for Q4 2021 rose 21 basis points, or 25.9%, year-over-year to 1.02%
  • Return on average equity for Q4 2021 rose 185 basis points, or 18.1%, year-over-year to 12.08%
  • Average Loans (net of PPP) for Q4 2021 increased approximately 20% year-over-year, to $1.2 billion

Headline financials

Total Revenue

$19.4M

Previous: $15.8M+22.5%
EPS (adj)

$0.49

Previous: $0.76-35.5%
Net Interest Margin

3.1%

No prior period
Efficiency Ratio

61.0%

No prior period
Total Capital to Risk-Weighted Assets

13.8%

No prior period
Tier 1 Capital to Risk-Weighted Assets

12.5%

No prior period
Tier 1 Capital to Average Assets

8.2%

No prior period
Capital Expenditures

$592K

Previous: $108K+448.1%
Free Cash Flow

$5.18M

Previous: $2.66M+94.8%
Net Income

$5.49M

Previous: $3.63M+51.3%
Operating Income

$7.02M

No prior period
Cash & Equivalents

$306M

Previous: $121M+152.6%
Total Assets

$2.14B

Previous: $1.66B+28.7%

Revenue & EPS history

Orange County Bancorp · Revenue · Quarterly

$19.4M

Q4 2021+22.5%vs Q4 2020
Beat estimate in 6 of 6 quarters(100%)
ActualEstimate

Revenue by segment

Orange County Bancorp · $1.39M total across 2 segments · Q4 2021

  • Trust and Investment Advisory Income
    $1.25M
  • Service Charges on Deposit Accounts
    $139K

Forward guidance

The company did not provide any forward guidance in its earnings report.

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 Q4 2021

Historical avgQ4 2021

+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%

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