NASDAQ$OBT
Orange County Bancorp Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Orange County Bancorp reported a decrease in net income and earnings per share for the fourth quarter of 2024, primarily due to increased non-interest expense, despite growth in net interest income and non-interest income.
Orange County Bancorp, Inc. announced net income of $7.2 million for the fourth quarter of 2024, a decrease of 11.8% compared to $8.1 million in the same period last year. Basic and diluted earnings per share were $0.63, down from $0.72 in Q4 2023. This decline was mainly attributed to higher non-interest expenses, although net interest income and non-interest income saw increases.
- Net income for Q4 2024 was $7.2 million, an 11.8% decrease from Q4 2023.
- Basic and diluted EPS for Q4 2024 was $0.63, down from $0.72 in Q4 2023.
- Net interest income increased by $929 thousand, or 4.2%, to $23.1 million in Q4 2024.
- Non-interest expense rose by $3.7 million, or 25.4%, to $18.5 million in Q4 2024.
Headline financials
Revenue & EPS history
Orange County Bancorp · Revenue · Quarterly
$32.2M
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 company is focused on expanding and improving its loan portfolio, growing deposits, and maintaining strong liquidity. They aim to continue delivering consistent results despite economic challenges and are committed to benefiting all stakeholders.
Tailwinds
- Continued expansion and improvement of the loan portfolio.
- Robust deposit growth, with a focus on internal sourcing.
- Maintenance of strong net interest margin despite economic uncertainty.
- Consistent performance and growth in Wealth Management business.
- Strategic management of liquidity sources and reduction of funding costs.
Headwinds
- Challenges in the current interest rate environment.
- Significant charges related to a non-performing participation loan.
- Increased non-interest expense impacting net income.
- Potential for increased costs associated with non-performing loans and fraudulent incidents.
- Uncertainty regarding interest rate and economic policy.
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 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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