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Net Interest Income increased $467 thousand, or 2.1%, to $23.0 million for the quarter ended September 30, 2024, from $22.5 million for the quarter ended September 30, 2023Net Interest Margin grew 3 basis points to 3.81% for the quarter ended September 30, 2024, as compared to 3.78% for the quarter ended September 30, 2023Total Loans grew $49.0 million, or 2.8%, reaching $1.8 billion at September 30, 2024 as compared to $1.7 billion at December 31, 2023.Total Deposits rose $101.3 million, or 5.0%, to $2.1 billion at September 30, 2024, from $2.0 billion at year-end 2023Book value per share increased $4.77, or 16.3%, to $34.03 at September 30, 2024, from $29.26 at December 31, 2023Trust and i
MIDDLETOWN, NY / ACCESSWIRE / September 25, 2024 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the appointment of Jonathan Schiller, RPh, MBA, to the Company's and the Bank's Boards of Directors effective October 1, 2024."Jon is a proven business leader and entrepreneur with a unique background comprised of scientific and analytic experience. He will be an exceptional addition to the Board," said Michael Gilfeather, Company President and CEO. "We welcome his expertise and participation overseeing the future affairs of the Company and the Bank."Schiller is an entrepreneur with vast senior leadership experienc
HIRES KEITH BLACKMAN AS PRIVATE BANKING OFFICER MIDDLETOWN NY / ACCESSWIRE / September 9, 2024 / Orange Bank & Trust Company, an economic engine of New York's Hudson Valley for more than 132 years, is pleased to announce that Keith Blackman has joined the Bank's Private Banking Division as AVP and Private Banking Officer in Goshen. "We are thrilled that Keith has joined our team, and know he will be an invaluable asset to our clients," said David Dineen, SVP Director of Wealth Services at Orange Bank & Trust Company. "His extensive experience with Private Banking makes him a tremendous addition to our organization and underscores our efforts to continually enhance this area of specializatio
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
SC 13G/A - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)
SC 13G/A - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)
SC 13G - Orange County Bancorp, Inc. /DE/ (0001754226) (Subject)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
4 - Orange County Bancorp, Inc. /DE/ (0001754226) (Issuer)
Net Interest Income increased $467 thousand, or 2.1%, to $23.0 million for the quarter ended September 30, 2024, from $22.5 million for the quarter ended September 30, 2023Net Interest Margin grew 3 basis points to 3.81% for the quarter ended September 30, 2024, as compared to 3.78% for the quarter ended September 30, 2023Total Loans grew $49.0 million, or 2.8%, reaching $1.8 billion at September 30, 2024 as compared to $1.7 billion at December 31, 2023.Total Deposits rose $101.3 million, or 5.0%, to $2.1 billion at September 30, 2024, from $2.0 billion at year-end 2023Book value per share increased $4.77, or 16.3%, to $34.03 at September 30, 2024, from $29.26 at December 31, 2023Trust and i
MIDDLETOWN, NY / ACCESSWIRE / August 16, 2024 / On August 15, 2024, the Board of Directors of Orange County Bancorp, Inc. (NASDAQ:OBT), the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on September 16, 2024 to shareholders of record on September 4, 2024.About Orange County Bancorp Inc.Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unw
MIDDLETOWN, NY / ACCESSWIRE / May 17, 2024 / On May 16, 2024, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on June 14, 2024 to shareholders of record on June 4, 2024.About Orange County Bancorp Inc.Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its com
8-K - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
8-K - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
8-K - Orange County Bancorp, Inc. /DE/ (0001754226) (Filer)
Orange County Bancorp (NASDAQ:OBT) reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.35 by 22.22 percent. This is a 28.91 percent increase over earnings of $1.28 per share from the same period last year.
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Crescent Capital BDC (NASDAQ:CCAP) - P/E: 7.19 Mid Penn Bancorp (NASDAQ:MPB) - P/E: 8.93 Orrstown Finl Servs (NASDAQ:ORRF) - P/E: 7.74 Orange County Bancorp (NASDAQ:OBT) - P/E: 8.79
Orange County Bancorp (NASDAQ:OBT) reported quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $1.34 by 7.46 percent. This is a 10.56 percent decrease over earnings of $1.61 per share from the same period last year. The company reported quarterly sales of $25.89 million which beat the analyst consensus estimate of $24.55 million by 5.47 percent. This is a 0.05 percent decrease over sales of $25.91 million the same period last year.
MIDDLETOWN, NY / ACCESSWIRE / September 25, 2024 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announced today the appointment of Jonathan Schiller, RPh, MBA, to the Company's and the Bank's Boards of Directors effective October 1, 2024."Jon is a proven business leader and entrepreneur with a unique background comprised of scientific and analytic experience. He will be an exceptional addition to the Board," said Michael Gilfeather, Company President and CEO. "We welcome his expertise and participation overseeing the future affairs of the Company and the Bank."Schiller is an entrepreneur with vast senior leadership experienc
HIRES KEITH BLACKMAN AS PRIVATE BANKING OFFICER MIDDLETOWN NY / ACCESSWIRE / September 9, 2024 / Orange Bank & Trust Company, an economic engine of New York's Hudson Valley for more than 132 years, is pleased to announce that Keith Blackman has joined the Bank's Private Banking Division as AVP and Private Banking Officer in Goshen. "We are thrilled that Keith has joined our team, and know he will be an invaluable asset to our clients," said David Dineen, SVP Director of Wealth Services at Orange Bank & Trust Company. "His extensive experience with Private Banking makes him a tremendous addition to our organization and underscores our efforts to continually enhance this area of specializatio
Cynthia Hand, Esq., Joins the Bank's Goshen Location MIDDLETOWN, NY / ACCESSWIRE / July 15, 2024 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company")(NASDAQ:OBT), is pleased to announce that Cynthia Hand, Esq. has joined the Bank's Trust Services Division as Vice President and Trust Officer in Goshen."We are delighted to welcome Cynthia to our team," said Michael Gilfeather, President and CEO of Orange Bank & Trust Company. "Her combined skills in trusts and estate planning, and involvement in the local community, will complement our dedicated Trust team and support our efforts as we expand this growing area of expertise."Cynthia c