Orange County Bancorp, Inc. (OBT) 10-Year Financial Performance & Capital Metrics

OBT • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutOrange County Bancorp, Inc., through its subsidiaries, provides commercial and consumer banking products and services, and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments, and affluent individuals. It accepts various deposit products, including interest-bearing and noninterest-bearing demand accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company also offers commercial real estate loans, commercial and industrial loans, commercial real estate construction loans, residential real estate loans, home equity loans, and consumer loans. In addition, it provides traditional trust and administration, asset management, financial planning, and wealth management services. The company operates 14 full-service branches and one loan production office in Orange, Westchester, Rockland, and Bronx counties in New York. Orange County Bancorp, Inc. was founded in 1892 and is headquartered in Middletown, New York.Show more

Net Interest Income $92M +3.8%
Total Revenue $143M +9.2%
Net Income $28M -5.4%
Return on Equity 15.89% -18.2%
Net Interest Margin 3.66% +2.8%
Efficiency Ratio 45.5% +5.2%
ROA 1.12% -9.6%
Equity / Assets 7.39% +11.1%
Book Value per Share 16.41 +11.7%
Tangible BV/Share 15.87 +12.4%
Debt/Equity 0.77 -49.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.4%
✓Strong NIM of 3.7%
✓Efficient operations: 45.5% efficiency ratio
✓Good 3Y average ROE of 16.8%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.55%

5Y19.98%

3Y23.48%

TTM-

Profit (Net Income) CAGR

10Y16.23%

5Y19.42%

3Y9.41%

TTM-14.77%

EPS CAGR

10Y4.57%

5Y14.05%

3Y4.9%

TTM-16.94%

ROCE

10Y Avg9.95%

5Y Avg15.2%

3Y Avg17.07%

Latest14.97%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	21.08M	25.84M	30.26M	35.91M	43.28M	48.74M	60.46M	78.09M	88.39M	91.77M
NII Growth %	-	0.23%	0.17%	0.19%	0.21%	0.13%	0.24%	0.29%	0.13%	0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	25.23M	29.76M	33.13M	38.7M	48.3M	53.46M	64.43M	84.22M	117.77M	127.23M
Interest Expense	4.16M	3.92M	2.87M	2.79M	4.84M	4.72M	3.97M	6.13M	29.38M	35.46M
Loan Loss Provision	5.88M	1.79M	1.78M	2.46M	2.19M	5.41M	2.43M	9.52M	7.87M	7.71M
Non-Interest Income+	8.46M	8.53M	9.23M	9.18M	9.26M	10.97M	11.57M	11.78M	13.3M	15.86M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	33.7M	38.29M	42.36M	47.88M	57.56M	64.43M	76M	96M	131.07M	143.09M
Revenue Growth %	0.19%	0.14%	0.11%	0.13%	0.2%	0.12%	0.18%	0.26%	0.37%	0.09%
Non-Interest Expense	25.57M	28.21M	31.22M	33.44M	36.12M	39.78M	42.92M	50.08M	56.67M	65.1M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-1.91M	4.36M	6.5M	9.18M	14.41M	14.52M	26.68M	30.28M	37.15M	34.82M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-1.17%	3.28%	0.49%	0.41%	0.57%	0.01%	0.84%	0.13%	0.23%	-0.06%
Pretax Income+	-1.91M	4.36M	6.5M	9.18M	14.41M	14.52M	26.68M	30.28M	37.15M	34.82M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-1.75M	721K	4.15M	1.63M	2.93M	2.84M	5.39M	5.91M	7.67M	6.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-160K	3.64M	2.35M	7.55M	11.48M	11.68M	21.29M	24.36M	29.48M	27.88M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.03%	23.73%	-0.35%	2.21%	0.52%	0.02%	0.82%	0.14%	0.21%	-0.05%
Net Income (Continuing)	-160K	3.64M	2.35M	7.55M	11.48M	11.68M	21.29M	24.36M	29.48M	27.88M
EPS (Diluted)+	-0.04	0.93	0.30	0.94	1.28	1.30	2.14	2.17	2.62	2.47
EPS Growth %	-1.03%	23.74%	-0.68%	2.13%	0.36%	0.02%	0.65%	0.01%	0.21%	-0.06%
EPS (Basic)	-0.04	0.93	0.30	0.94	1.28	1.30	2.14	2.17	2.62	2.47
Diluted Shares Outstanding	3.91M	3.91M	7.83M	8.07M	8.97M	9.02M	9.94M	11.24M	11.26M	11.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	15.59M	27.34M	30.22M	18.37M	25.11M	121.23M	306.18M	86.08M	147.38M	150.33M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	742.05M	813.41M	867.12M	981.95M	1.13B	1.47B	1.74B	2.08B	2.21B	2.23B
Investments Growth %	-	0.1%	0.07%	0.13%	0.16%	0.29%	0.19%	0.2%	0.06%	0.01%
Long-Term Investments	437.22M	534.13M	569.42M	726.41M	879.85M	1.14B	1.27B	1.55B	1.72B	1.79B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	5.36M	5.36M	5.36M	5.36M	5.36M	5.36M	5.36M	5.36M	5.36M	5.36M
Intangible Assets	3.39M	3.11M	2.82M	2.54M	2.25M	1.96M	1.68M	1.39M	1.11M	821K
PP&E (Net)	14.38M	14.29M	13.69M	13.93M	14.6M	14.02M	14.6M	18.77M	16.16M	15.81M
Other Assets	39.58M	43.63M	38.75M	39.71M	44.27M	49.4M	69.56M	69.26M	97.7M	97.48M
Total Current Assets	322.89M	309.2M	330.71M	276.92M	283.23M	457.63M	777.62M	625.86M	643.26M	600.79M
Total Non-Current Assets	499.94M	600.51M	630.03M	787.96M	946.32M	1.21B	1.36B	1.66B	1.84B	1.91B
Total Assets+	822.83M	909.71M	960.74M	1.06B	1.23B	1.66B	2.14B	2.29B	2.49B	2.51B
Asset Growth %	0.13%	0.11%	0.06%	0.11%	0.15%	0.35%	0.29%	0.07%	0.09%	0.01%
Return on Assets (ROA)	-0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	73.22M	88.17M	23.11M	38.56M	8M	22.32M	22.38M	150.95M	254.02M	143.09M
Net Debt	57.62M	60.83M	-7.11M	20.18M	-17.11M	-98.91M	-283.8M	64.87M	106.64M	-7.24M
Long-Term Debt	73.22M	63.16M	23.11M	38.56M	8M	22.32M	22.38M	19.45M	29.52M	29.59M
Short-Term Debt	0	25M	0	0	0	0	0	131.5M	224.5M	113.5M
Other Liabilities	0	0	23.75M	0	0	0	0	0	27.32M	27.95M
Total Current Liabilities	654.65M	754.17M	822.57M	917.78M	1.1B	1.51B	1.94B	2.13B	2.26B	2.27B
Total Non-Current Liabilities	73.22M	63.16M	46.87M	38.56M	8M	22.32M	22.38M	19.45M	56.84M	57.54M
Total Liabilities	727.86M	817.33M	869.43M	956.33M	1.11B	1.53B	1.96B	2.15B	2.32B	2.32B
Total Equity+	94.97M	92.38M	91.31M	108.54M	122.06M	135.42M	182.84M	138.14M	165.38M	185.53M
Equity Growth %	-0.03%	-0.03%	-0.01%	0.19%	0.12%	0.11%	0.35%	-0.24%	0.2%	0.12%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0%	0.04%	0.03%	0.08%	0.1%	0.09%	0.13%	0.15%	0.19%	0.16%
Book Value per Share	24.27	23.60	11.66	13.45	13.61	15.02	18.40	12.29	14.69	16.41
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	998K	998K	2M	2.27M	2.27M	2.27M	2.84M	2.84M	2.84M	2.84M
Additional Paid-in Capital	70.53M	70.47M	69.48M	85.5M	85.18M	85.11M	119.83M	120.11M	120.39M	120.9M
Retained Earnings	27.15M	26.59M	26.67M	30.96M	39.59M	47.68M	64.94M	84.64M	107.36M	129.92M
Accumulated OCI	-2.03M	-4.17M	-5.46M	-8.99M	-4.04M	1.82M	-3.44M	-68.2M	-64.11M	-67.75M
Treasury Stock	-1.68M	-1.5M	-1.36M	-1.19M	-926K	-1.46M	-1.33M	-1.25M	-1.11M	-375K
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.02M	9.39M	8.41M	11.96M	13.73M	11.34M	20.32M	30.48M	44.5M	34.6M
Operating CF Growth %	-0.13%	0.34%	-0.1%	0.42%	0.15%	-0.17%	0.79%	0.5%	0.46%	-0.22%
Net Income	-160K	3.64M	2.35M	7.55M	11.48M	11.68M	21.29M	24.36M	29.48M	27.88M
Depreciation & Amortization	902K	1.01M	1.47M	1.4M	1.48M	1.56M	1.66M	1.69M	1.97M	1.95M
Deferred Taxes	-1.16M	-1.29M	3.22M	-190K	-426K	-260K	-403K	-958K	103K	69K
Other Non-Cash Items	5.13M	3.18M	3.46M	3.84M	2.71M	3.39M	-1.86M	6.71M	5.07M	5.81M
Working Capital Changes	2.21M	2.72M	-2.27M	-865K	-2M	-5.59M	-910K	-1.99M	7.01M	-2.86M
Cash from Investing+	-97.96M	-82.82M	-57.71M	-133.01M	-150.51M	-330.96M	-291.31M	-434.11M	-144.92M	-29.42M
Purchase of Investments	-102.11M	-57.43M	-146.65M	-33.71M	-99.36M	-218.81M	-258.23M	-211.75M	-6.84M	-5.42M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	375K	0	0	0	0	0	0
Other Investing	-107.31M	-99.62M	-33.94M	-167.8M	-152.39M	-259.26M	-145.01M	-287.1M	-183.66M	-68.03M
Cash from Financing+	97.02M	85.17M	52.18M	109.2M	143.51M	415.74M	455.93M	183.53M	161.72M	-2.23M
Dividends Paid	-3.22M	-3.22M	-3.23M	-3.26M	-3.59M	-3.58M	-4.03M	-4.67M	-5.19M	-5.33M
Share Repurchases	-349K	-37K	-54K	-186K	-467K	-1.16M	-379K	-308K	-447K	-518K
Stock Issued	0	0	0	16.43M	0	0	35.25M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-46K	1000K	-1000K	1000K	-1000K	1000K	0	1000K	1000K	-1000K
Other Financing	100.64M	73.48M	120.52M	80.78M	178.12M	406.16M	425.09M	60M	64.36M	114.61M
Net Change in Cash+	6.07M	11.75M	2.88M	-11.85M	6.74M	96.12M	184.95M	-220.1M	61.3M	2.95M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	9.52M	15.59M	27.34M	30.22M	18.37M	25.11M	121.23M	306.18M	86.08M	147.38M
Cash at End	15.59M	27.34M	30.22M	18.37M	25.11M	121.23M	306.18M	86.08M	147.38M	150.33M
Interest Paid	4.16M	4.19M	0	2.72M	4.84M	4.62M	4.03M	6.12M	27.53M	36.92M
Income Taxes Paid	665K	665K	0	460K	2.88M	3.02M	3.71M	7.25M	7.82M	10.11M
Free Cash Flow+	5.8M	8.89M	6.86M	10.53M	11.88M	10.65M	18.36M	28.94M	40.96M	32.87M
FCF Growth %	-0.25%	0.53%	-0.23%	0.54%	0.13%	-0.1%	0.72%	0.58%	0.42%	-0.2%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.17%	3.88%	2.56%	7.56%	9.96%	9.07%	13.38%	15.18%	19.42%	15.89%
Return on Assets (ROA)	-0.02%	0.42%	0.25%	0.75%	1%	0.81%	1.12%	1.1%	1.24%	1.12%
Net Interest Margin	2.56%	2.84%	3.15%	3.37%	3.52%	2.93%	2.82%	3.41%	3.56%	3.66%
Efficiency Ratio	75.87%	73.69%	73.69%	69.86%	62.74%	61.74%	56.48%	52.16%	43.24%	45.5%
Equity / Assets	11.54%	10.16%	9.5%	10.19%	9.93%	8.13%	8.53%	6.04%	6.65%	7.39%
Book Value / Share	24.27	23.6	11.66	13.45	13.61	15.02	18.4	12.29	14.69	16.41
NII Growth	-	22.59%	17.13%	18.66%	20.52%	12.61%	24.05%	29.15%	13.19%	3.82%
Dividend Payout	-	88.51%	137.18%	43.22%	31.24%	30.7%	18.93%	19.16%	17.61%	19.1%

Frequently Asked Questions

Valuation & Price

Orange County Bancorp, Inc. (OBT) has a price-to-earnings (P/E) ratio of 12.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Orange County Bancorp, Inc. (OBT) grew revenue by 9.2% over the past year. This is steady growth.

Yes, Orange County Bancorp, Inc. (OBT) is profitable, generating $29.5M in net income for fiscal year 2024 (19.5% net margin).

Dividend & Returns

Yes, Orange County Bancorp, Inc. (OBT) pays a dividend with a yield of 1.58%. This makes it attractive for income-focused investors.

Orange County Bancorp, Inc. (OBT) has a return on equity (ROE) of 15.9%. This is reasonable for most industries.

Industry Metrics

Orange County Bancorp, Inc. (OBT) has a net interest margin (NIM) of 3.7%. This indicates healthy earnings from lending activities.

Orange County Bancorp, Inc. (OBT) has an efficiency ratio of 45.5%. This is excellent, indicating strong cost control.

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