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Orange County Bancorp (OBT) Financials

Orange County Bancorp logo
$24.75 -0.15 (-0.60%)
Closing price 04:00 PM Eastern
Extended Trading
$24.78 +0.03 (+0.12%)
As of 04:10 PM Eastern
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Annual Income Statements for Orange County Bancorp

Annual Income Statements for Orange County Bancorp

This table shows Orange County Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 24 29 28
Consolidated Net Income / (Loss)		 24 29 28
Net Income / (Loss) Continuing Operations		 24 29 28
Total Pre-Tax Income 		30 37 35
Total Revenue		 90 102 108
Net Interest Income / (Expense)		 78 88 92
Total Interest Income		 84 118 127
Loans and Leases Interest Income		 69 96 106
Investment Securities Interest Income		 12 15 14
Federal Funds Sold and Securities Borrowed Interest Income		 2.74 6.50 7.22
Total Interest Expense		 6.14 29 35
Deposits Interest Expense		 4.46 20 28
Short-Term Borrowings Interest Expense		 0.60 8.94 6.67
Long-Term Debt Interest Expense		 1.08 0.92 0.92
Total Non-Interest Income		 12 13 16
Trust Fees by Commissions		 4.76 5.10 5.51
Service Charges on Deposit Accounts		 0.69 0.81 1.02
Other Service Charges		 1.05 1.18 1.89
Net Realized & Unrealized Capital Gains on Investments		 0.00 0.11 0.00
Investment Banking Income		 4.54 5.24 6.74
Other Non-Interest Income		 0.95 0.98 0.82
Provision for Credit Losses		 9.52 7.87 7.71
Total Non-Interest Expense		 50 57 65
Salaries and Employee Benefits		 28 32 36
Net Occupancy & Equipment Expense		 9.27 9.81 11
Marketing Expense		 1.60 1.66 1.58
Other Operating Expenses		 11 13 16
Amortization Expense		 0.29 0.29 0.29
Income Tax Expense		 5.91 7.67 6.94
Basic Earnings per Share		 $4.33 $2.62 $2.47
Weighted Average Basic Shares Outstanding		 5.62M 11.26M 11.30M
Diluted Earnings per Share		 $4.33 $2.62 $2.47
Weighted Average Diluted Shares Outstanding		 5.62M 11.26M 11.30M
Weighted Average Basic & Diluted Shares Outstanding		 5.64M 5.66M 11.36M
Cash Dividends to Common per Share		 $0.83 - $0.47

Quarterly Income Statements for Orange County Bancorp

This table shows Orange County Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Consolidated Net Income / (Loss)		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Net Income / (Loss) Continuing Operations		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Total Pre-Tax Income 		9.71 11 3.93 11 11 11 12 10 4.00 8.97
Total Revenue		 24 26 24 26 26 26 25 28 27 27
Net Interest Income / (Expense)		 21 23 21 23 23 22 22 24 23 23
Total Interest Income		 23 26 26 30 30 32 31 33 31 32
Loans and Leases Interest Income		 18 21 22 24 25 26 26 27 26 27
Investment Securities Interest Income		 3.47 3.77 3.67 3.91 3.71 3.72 3.79 3.69 3.22 3.28
Federal Funds Sold and Securities Borrowed Interest Income		 1.26 0.85 0.86 1.95 1.70 1.98 1.67 2.05 1.84 1.67
Total Interest Expense		 1.43 2.80 5.23 7.14 7.60 9.42 9.47 8.39 8.47 9.13
Deposits Interest Expense		 1.15 1.95 2.89 4.62 5.46 6.55 6.99 7.27 6.65 6.97
Short-Term Borrowings Interest Expense		 0.00 0.60 2.11 2.28 1.91 2.64 2.25 0.89 1.59 1.93
Long-Term Debt Interest Expense		 0.27 0.26 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23
Total Non-Interest Income		 2.93 3.08 3.17 3.29 3.22 3.74 3.69 3.81 4.17 4.31
Trust Fees by Commissions		 1.18 1.20 1.18 1.27 1.27 1.39 1.31 1.31 1.38 1.51
Service Charges on Deposit Accounts		 0.18 0.18 0.17 0.21 0.21 0.22 0.24 0.23 0.27 0.28
Other Service Charges		 0.25 0.31 0.28 0.28 0.17 0.45 0.32 0.35 0.75 0.48
Investment Banking Income		 1.09 1.15 1.20 1.29 1.33 1.42 1.58 1.65 1.74 1.77
Other Non-Interest Income		 0.24 0.24 0.24 0.24 0.24 0.26 0.24 0.27 0.04 0.26
Provision for Credit Losses		 2.08 1.00 6.36 0.21 0.84 0.46 -1.64 2.21 7.19 -0.05
Total Non-Interest Expense		 13 13 14 14 14 15 15 15 16 18
Salaries and Employee Benefits		 7.35 7.15 8.12 7.96 7.89 8.22 8.86 9.18 8.96 9.42
Net Occupancy & Equipment Expense		 2.34 2.25 2.48 2.44 2.41 2.48 2.40 2.59 2.75 3.00
Marketing Expense		 0.37 0.48 0.28 0.43 0.36 0.58 0.36 0.44 0.36 0.41
Other Operating Expenses		 2.43 3.50 3.08 3.55 2.86 3.37 3.62 3.21 3.81 5.56
Amortization Expense		 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Income Tax Expense		 1.86 2.39 0.70 2.14 2.26 2.58 2.33 2.02 0.79 1.80
Basic Earnings per Share		 $1.40 $1.60 $0.57 $1.61 $1.61 $0.72 $1.65 $1.46 $0.57 $0.63
Weighted Average Basic Shares Outstanding		 5.62M 5.62M 5.63M 5.63M 5.63M 11.26M 5.63M 5.64M 5.65M 11.30M
Diluted Earnings per Share		 $1.40 $1.60 $0.57 $1.61 $1.61 $0.72 $1.65 $1.46 $0.57 $0.63
Weighted Average Diluted Shares Outstanding		 5.62M 5.62M 5.63M 5.63M 5.63M 11.26M 5.63M 5.64M 5.65M 11.30M
Basic & Diluted Earnings per Share		 - - - - - $0.72 - - - $0.63
Weighted Average Basic & Diluted Shares Outstanding		 5.64M 5.64M 5.64M 5.65M 5.65M 5.66M 5.66M 5.66M 5.67M 11.36M
Cash Dividends to Common per Share		 $0.20 $0.23 $0.23 $0.23 $0.23 $0.12 $0.23 $0.23 $0.23 $0.13

Annual Cash Flow Statements for Orange County Bancorp

This table details how cash moves in and out of Orange County Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -220 61 2.95
Net Cash From Operating Activities		 30 45 35
Net Cash From Continuing Operating Activities		 30 45 35
Net Income / (Loss) Continuing Operations		 24 29 28
Consolidated Net Income / (Loss)		 24 29 28
Provision For Loan Losses		 9.52 7.87 7.71
Depreciation Expense		 1.41 1.68 1.66
Amortization Expense		 2.02 1.59 1.44
Non-Cash Adjustments to Reconcile Net Income		 -4.84 -3.13 -1.23
Changes in Operating Assets and Liabilities, net		 -1.99 7.01 -2.86
Net Cash From Investing Activities		 -434 -145 -29
Net Cash From Continuing Investing Activities		 -434 -145 -29
Purchase of Property, Leasehold Improvements and Equipment		 -1.55 -3.10 -1.73
Purchase of Investment Securities		 -224 -61 -61
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 0.38
Sale and/or Maturity of Investments		 71 98 106
Other Investing Activities, net		 -280 -179 -73
Net Cash From Financing Activities		 184 162 -2.23
Net Cash From Continuing Financing Activities		 184 162 -2.23
Net Change in Deposits		 60 64 115
Issuance of Debt		 132 10 0.00
Repayment of Debt		 -3.00 93 -111
Repurchase of Common Equity		 -0.31 -0.45 -0.52
Payment of Dividends		 -4.67 -5.19 -5.33
Cash Interest Paid		 6.12 28 37
Cash Income Taxes Paid		 7.26 7.82 10

Quarterly Cash Flow Statements for Orange County Bancorp

This table details how cash moves in and out of Orange County Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -91 -94 79 13 -20 -11 -2.66 45 -29 -11
Net Cash From Operating Activities		 13 7.25 8.17 9.44 11 16 2.25 9.27 10 13
Net Cash From Continuing Operating Activities		 13 7.25 8.17 9.44 11 16 2.25 9.27 10 13
Net Income / (Loss) Continuing Operations		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Consolidated Net Income / (Loss)		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Provision For Loan Losses		 2.08 1.00 6.36 0.21 0.84 0.46 -1.64 2.21 7.19 -0.05
Depreciation Expense		 0.41 0.26 0.50 0.39 0.40 0.40 0.39 0.39 0.40 0.48
Amortization Expense		 0.53 0.42 0.41 0.40 0.42 0.36 0.35 0.36 0.37 0.36
Non-Cash Adjustments to Reconcile Net Income		 -0.13 -2.45 -0.75 -0.81 -0.59 -0.97 -0.16 -0.69 0.30 -0.69
Changes in Operating Assets and Liabilities, net		 2.01 -1.05 -1.57 0.16 0.78 7.64 -5.99 -1.22 -1.23 5.57
Net Cash From Investing Activities		 -87 -15 -86 -35 14 -38 32 15 -60 -17
Net Cash From Continuing Investing Activities		 -87 -15 -86 -35 14 -38 32 15 -60 -17
Purchase of Property, Leasehold Improvements and Equipment		 -0.73 -0.40 -2.34 -0.60 -0.12 -0.05 -0.25 -0.11 -0.29 -1.08
Purchase of Investment Securities		 -21 -12 -21 -13 -13 -13 -8.17 -14 -14 -25
Sale of Property, Leasehold Improvements and Equipment		 - - - - - -0.44 - - - 0.38
Sale and/or Maturity of Investments		 13 19 34 28 21 15 24 30 19 33
Other Investing Activities, net		 -79 -22 -96 -49 6.19 -40 17 -0.43 -66 -24
Net Cash From Financing Activities		 -17 -86 157 39 -45 11 -37 21 21 -6.61
Net Cash From Continuing Financing Activities		 -17 -86 157 39 -45 11 -37 21 21 -6.61
Net Change in Deposits		 -16 -213 51 112 -33 -66 111 50 -59 13
Repayment of Debt		 - -3.00 98 -98 15 79 50 -225 82 -19
Repurchase of Common Equity		 -0.12 - -0.29 -0.00 -0.13 -0.02 -0.29 -0.01 -0.20 -0.03
Payment of Dividends		 -1.12 -1.30 -1.30 -1.30 -1.30 -1.30 -1.30 -1.30 -1.30 -1.42
Cash Interest Paid		 1.64 2.57 5.44 6.60 7.51 7.98 10 8.12 8.54 10
Cash Income Taxes Paid		 0.54 2.66 0.10 3.60 2.77 1.35 0.10 5.61 2.80 1.60

Annual Balance Sheets for Orange County Bancorp

This table presents Orange County Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,287 2,485 2,510
Cash and Due from Banks		 86 147 150
Loans and Leases, Net of Allowance		 1,548 1,722 1,790
Loans and Leases		 1,569 1,747 1,816
Allowance for Loan and Lease Losses		 22 25 26
Accrued Investment Income		 6.32 5.93 6.68
Premises and Equipment, Net		 15 16 16
Goodwill		 5.36 5.36 5.36
Intangible Assets		 1.39 1.11 0.82
Other Assets		 626 588 541
Total Liabilities & Shareholders' Equity		 2,287 2,485 2,510
Total Liabilities		 2,149 2,320 2,324
Non-Interest Bearing Deposits		 723 699 651
Interest Bearing Deposits		 1,251 1,340 1,502
Short-Term Debt		 132 225 114
Long-Term Debt		 19 30 30
Other Long-Term Liabilities		 24 27 28
Total Equity & Noncontrolling Interests		 138 165 186
Total Preferred & Common Equity		 138 165 186
Total Common Equity		 138 165 186
Common Stock		 123 123 124
Retained Earnings		 85 107 130
Treasury Stock		 -1.25 -1.11 -0.38
Accumulated Other Comprehensive Income / (Loss)		 -68 -64 -68

Quarterly Balance Sheets for Orange County Bancorp

This table presents Orange County Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 2,368 2,455 2,494 2,447 2,453 2,481 2,519
Cash and Due from Banks		 180 165 179 159 145 190 161
Loans and Leases, Net of Allowance		 1,525 1,639 1,688 1,682 1,707 1,706 1,765
Loans and Leases		 1,548 1,663 1,713 1,708 1,733 1,734 1,796
Allowance for Loan and Lease Losses		 23 25 25 26 25 28 31
Accrued Investment Income		 5.55 5.96 5.81 6.33 10 9.62 10
Premises and Equipment, Net		 15 17 16 16 16 16 14
Goodwill		 5.36 5.36 5.36 5.36 5.36 5.36 5.36
Intangible Assets		 1.46 1.32 1.25 1.18 1.04 0.96 0.89
Other Assets		 89 96 95 578 568 554 563
Total Liabilities & Shareholders' Equity		 2,368 2,455 2,494 2,447 2,453 2,481 2,519
Total Liabilities		 2,232 2,067 2,346 2,303 2,284 2,304 2,326
Non-Interest Bearing Deposits		 788 694 716 727 636 681 690
Interest Bearing Deposits		 1,399 1,332 1,423 1,378 1,513 1,518 1,450
Short-Term Debt		 - - 157 146 78 50 132
Long-Term Debt		 22 19 29 30 30 30 30
Other Long-Term Liabilities		 22 22 22 23 27 25 24
Total Equity & Noncontrolling Interests		 136 149 148 144 169 178 193
Total Preferred & Common Equity		 136 149 148 144 169 178 193
Total Common Equity		 136 149 148 144 169 178 193
Common Stock		 123 123 123 123 123 123 124
Retained Earnings		 77 85 93 101 115 122 124
Treasury Stock		 -1.27 -1.36 -1.28 -1.13 -0.96 -0.73 -0.41
Accumulated Other Comprehensive Income / (Loss)		 -62 -58 -66 -79 -69 -67 -54

Annual Metrics And Ratios for Orange County Bancorp

This table displays calculated financial ratios and metrics derived from Orange County Bancorp's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 24.15% 13.02% 5.82%
EBITDA Growth		 10.75% 19.92% -6.18%
EBIT Growth		 13.49% 22.70% -6.27%
NOPAT Growth		 14.45% 21.00% -5.41%
Net Income Growth		 14.45% 21.00% -5.41%
EPS Growth		 1.17% 21.00% -5.41%
Operating Cash Flow Growth		 50.01% 45.98% -22.24%
Free Cash Flow Firm Growth		 -127.32% -69.44% 217.68%
Invested Capital Growth		 40.87% 45.08% -21.64%
Revenue Q/Q Growth		 7.83% -0.01% 1.40%
EBITDA Q/Q Growth		 14.13% -1.63% -4.20%
EBIT Q/Q Growth		 17.04% -1.99% -4.74%
NOPAT Q/Q Growth		 17.21% -3.11% -3.33%
Net Income Q/Q Growth		 17.21% -3.11% -3.33%
EPS Q/Q Growth		 17.98% -3.11% -3.33%
Operating Cash Flow Q/Q Growth		 5.10% 24.53% -8.43%
Free Cash Flow Firm Q/Q Growth		 0.00% 22.66% 1,952.86%
Invested Capital Q/Q Growth		 82.25% 31.30% -7.34%
Profitability Metrics		 - - -
EBITDA Margin		 37.42% 39.70% 35.20%
EBIT Margin		 33.61% 36.49% 32.32%
Profit (Net Income) Margin		 27.04% 28.95% 25.88%
Tax Burden Percent		 80.47% 79.35% 80.08%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 19.53% 20.65% 19.92%
Return on Invested Capital (ROIC)		 9.86% 8.32% 7.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.86% 8.32% 7.46%
Return on Net Nonoperating Assets (RNNOA)		 5.32% 11.10% 8.44%
Return on Equity (ROE)		 15.18% 19.42% 15.89%
Cash Return on Invested Capital (CROIC)		 -24.08% -28.46% 31.73%
Operating Return on Assets (OROA)		 1.37% 1.56% 1.39%
Return on Assets (ROA)		 1.10% 1.24% 1.12%
Return on Common Equity (ROCE)		 15.18% 19.42% 15.89%
Return on Equity Simple (ROE_SIMPLE)		 17.64% 17.82% 15.03%
Net Operating Profit after Tax (NOPAT)		 24 29 28
NOPAT Margin		 27.04% 28.95% 25.88%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.19% 42.88% 45.23%
Operating Expenses to Revenue		 55.83% 55.78% 60.53%
Earnings before Interest and Taxes (EBIT)		 30 37 35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 34 40 38
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.84 2.01 1.69
Price to Tangible Book Value (P/TBV)		 1.94 2.09 1.75
Price to Revenue (P/Rev)		 2.83 3.27 2.91
Price to Earnings (P/E)		 10.46 11.28 11.25
Dividend Yield		 1.84% 1.56% 1.70%
Earnings Yield		 9.56% 8.86% 8.89%
Enterprise Value to Invested Capital (EV/IC)		 1.11 1.05 0.93
Enterprise Value to Revenue (EV/Rev)		 3.55 4.31 2.84
Enterprise Value to EBITDA (EV/EBITDA)		 9.48 10.86 8.08
Enterprise Value to EBIT (EV/EBIT)		 10.56 11.82 8.80
Enterprise Value to NOPAT (EV/NOPAT)		 13.12 14.90 10.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.49 9.87 8.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 2.58
Leverage & Solvency		 - - -
Debt to Equity		 1.09 1.54 0.77
Long-Term Debt to Equity		 0.14 0.18 0.16
Financial Leverage		 0.54 1.33 1.13
Leverage Ratio		 13.80 15.73 14.24
Compound Leverage Factor		 13.80 15.73 14.24
Debt to Total Capital		 52.22% 60.57% 43.54%
Short-Term Debt to Total Capital		 45.49% 53.53% 34.54%
Long-Term Debt to Total Capital		 6.73% 7.04% 9.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 47.78% 39.43% 56.46%
Debt to EBITDA		 4.48 6.28 3.77
Net Debt to EBITDA		 1.92 2.64 -0.19
Long-Term Debt to EBITDA		 0.58 0.73 0.78
Debt to NOPAT		 6.20 8.62 5.13
Net Debt to NOPAT		 2.66 3.62 -0.26
Long-Term Debt to NOPAT		 0.80 1.00 1.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -60 -101 119
Operating Cash Flow to CapEx		 1,973.01% 1,435.02% 2,553.73%
Free Cash Flow to Firm to Interest Expense		 -9.70 -3.43 3.35
Operating Cash Flow to Interest Expense		 4.97 1.51 0.98
Operating Cash Flow Less CapEx to Interest Expense		 4.72 1.41 0.94
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 6.14 6.59 6.74
Capital & Investment Metrics		 - - -
Invested Capital		 289 419 329
Invested Capital Turnover		 0.36 0.29 0.29
Increase / (Decrease) in Invested Capital		 84 130 -91
Enterprise Value (EV)		 320 439 306
Market Capitalization		 255 333 314
Book Value per Share		 $24.48 $29.27 $32.70
Tangible Book Value per Share		 $23.28 $28.12 $31.61
Total Capital		 289 419 329
Total Debt		 151 254 143
Total Long-Term Debt		 19 30 30
Net Debt		 65 107 -7.24
Capital Expenditures (CapEx)		 1.55 3.10 1.36
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 151 254 143
Total Depreciation and Amortization (D&A)		 3.43 3.27 3.10
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $4.33 $2.62 $2.47
Adjusted Weighted Average Basic Shares Outstanding		 5.62M 11.26M 11.30M
Adjusted Diluted Earnings per Share		 $4.33 $2.62 $2.47
Adjusted Weighted Average Diluted Shares Outstanding		 5.62M 11.26M 11.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.64M 11.31M 11.36M
Normalized Net Operating Profit after Tax (NOPAT)		 24 29 28
Normalized NOPAT Margin		 27.04% 28.95% 25.88%
Pre Tax Income Margin		 33.61% 36.49% 32.32%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 4.94 1.26 0.98
NOPAT to Interest Expense		 3.97 1.00 0.79
EBIT Less CapEx to Interest Expense		 4.68 1.16 0.94
NOPAT Less CapEx to Interest Expense		 3.72 0.90 0.75
Payout Ratios		 - - -
Dividend Payout Ratio		 19.16% 17.61% 19.10%
Augmented Payout Ratio		 20.43% 19.13% 20.96%

Quarterly Metrics And Ratios for Orange County Bancorp

This table displays calculated financial ratios and metrics derived from Orange County Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 28.77% 33.79% 25.67% 26.37% 5.64% -0.05% 4.02% 7.87% 5.52% 5.76%
EBITDA Growth		 35.85% 52.46% -35.64% 251.82% 13.75% -5.52% 155.72% -8.55% -60.58% -14.50%
EBIT Growth		 40.16% 62.52% -40.52% 347.29% 16.33% -6.60% 195.90% -8.89% -64.55% -16.20%
NOPAT Growth		 40.84% 65.12% -39.40% 330.62% 15.09% -10.43% 187.62% -9.61% -64.42% -11.82%
Net Income Growth		 40.84% 65.12% -39.40% 330.62% 15.09% -10.43% 187.62% -9.61% -64.42% -11.82%
EPS Growth		 32.08% 70.21% -40.00% 323.68% 15.00% -10.43% 189.47% -9.32% -64.60% -11.82%
Operating Cash Flow Growth		 73.91% 25.66% 161.92% 28.23% -14.71% 120.95% -72.43% -1.72% -5.81% -19.89%
Free Cash Flow Firm Growth		 126.45% 0.00% -19.41% -5,592.17% -390.67% -63.35% 164.61% 154.33% 78.89% 180.15%
Invested Capital Growth		 -21.85% 40.87% 117.74% 98.74% 101.37% 45.08% -32.14% -23.06% 11.03% -21.64%
Revenue Q/Q Growth		 18.85% 6.40% -6.16% 6.50% -0.65% 0.66% -2.34% 10.44% -2.81% 0.89%
EBITDA Q/Q Growth		 211.98% 13.89% -60.14% 148.42% 0.87% -5.41% 7.89% -11.16% -56.52% 105.15%
EBIT Q/Q Growth		 286.81% 18.01% -65.74% 185.97% 0.60% -5.24% 8.55% -11.95% -60.86% 123.98%
NOPAT Q/Q Growth		 272.18% 15.50% -64.39% 181.30% -0.53% -10.11% 14.35% -11.59% -60.84% 122.76%
Net Income Q/Q Growth		 272.18% 15.50% -64.39% 181.30% -0.53% -10.11% 14.35% -11.59% -60.84% 122.76%
EPS Q/Q Growth		 268.42% 14.29% -64.38% 182.46% 0.00% -10.11% 13.79% -11.52% -60.96% 122.76%
Operating Cash Flow Q/Q Growth		 73.39% -43.20% 12.76% 15.46% 15.33% 47.16% -85.93% 311.58% 10.53% 25.16%
Free Cash Flow Firm Q/Q Growth		 1,993.73% -243.27% -189.93% 27.64% 3.30% 19.49% 214.68% -39.15% -137.56% 405.76%
Invested Capital Q/Q Growth		 -5.66% 82.25% 40.81% -17.91% -4.41% 31.30% -34.14% -6.92% 37.95% -7.34%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 43.74% 46.82% 19.89% 46.40% 47.11% 44.26% 48.89% 39.33% 17.60% 35.78%
EBIT Margin		 39.88% 44.23% 16.15% 43.37% 43.91% 41.33% 45.94% 36.63% 14.75% 32.75%
Profit (Net Income) Margin		 32.25% 35.01% 13.29% 35.10% 35.14% 31.38% 36.74% 29.41% 11.85% 26.16%
Tax Burden Percent		 80.88% 79.16% 82.27% 80.93% 80.02% 75.91% 79.97% 80.29% 80.32% 79.88%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.12% 20.84% 17.73% 19.07% 19.98% 24.09% 20.03% 19.71% 19.68% 20.12%
Return on Invested Capital (ROIC)		 14.90% 12.76% 4.25% 14.04% 14.97% 9.02% 11.05% 10.43% 3.74% 7.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.90% 12.76% 4.25% 14.04% 14.97% 9.02% 11.05% 10.43% 3.74% 7.54%
Return on Net Nonoperating Assets (RNNOA)		 2.11% 6.89% 3.81% 9.95% 10.58% 12.03% 12.75% 8.50% 3.74% 8.53%
Return on Equity (ROE)		 17.01% 19.65% 8.07% 23.99% 25.55% 21.05% 23.81% 18.93% 7.47% 16.07%
Cash Return on Invested Capital (CROIC)		 0.00% -24.08% -66.61% -54.46% -54.55% -28.46% 48.70% 37.79% -1.90% 31.73%
Operating Return on Assets (OROA)		 1.47% 1.80% 0.65% 1.78% 1.86% 1.76% 1.92% 1.54% 0.63% 1.41%
Return on Assets (ROA)		 1.19% 1.42% 0.53% 1.44% 1.49% 1.34% 1.54% 1.24% 0.51% 1.13%
Return on Common Equity (ROCE)		 17.01% 19.65% 8.07% 23.99% 25.55% 21.05% 23.81% 18.93% 7.47% 16.07%
Return on Equity Simple (ROE_SIMPLE)		 15.26% 0.00% 14.98% 19.73% 21.14% 0.00% 21.07% 19.52% 14.94% 0.00%
Net Operating Profit after Tax (NOPAT)		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
NOPAT Margin		 32.25% 35.01% 13.29% 35.10% 35.14% 31.38% 36.74% 29.41% 11.85% 26.16%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 41.31% 38.12% 44.73% 41.83% 41.46% 43.59% 45.95% 43.72% 44.46% 46.86%
Operating Expenses to Revenue		 51.56% 51.91% 57.71% 55.81% 52.84% 56.88% 60.54% 55.46% 58.75% 67.44%
Earnings before Interest and Taxes (EBIT)		 9.71 11 3.93 11 11 11 12 10 4.00 8.97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 12 4.84 12 12 11 12 11 4.78 9.80
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.54 1.84 1.63 1.38 1.66 2.01 1.54 1.69 1.77 1.69
Price to Tangible Book Value (P/TBV)		 1.62 1.94 1.70 1.45 1.74 2.09 1.60 1.75 1.83 1.75
Price to Revenue (P/Rev)		 2.51 2.83 2.54 2.04 2.35 3.27 2.52 2.85 3.22 2.91
Price to Earnings (P/E)		 10.07 10.46 10.86 7.00 7.86 11.28 7.29 8.63 11.84 11.25
Dividend Yield		 2.15% 1.84% 2.01% 2.45% 2.17% 1.56% 2.01% 1.74% 1.53% 1.70%
Earnings Yield		 9.93% 9.56% 9.21% 14.28% 12.72% 8.86% 13.72% 11.59% 8.44% 8.89%
Enterprise Value to Invested Capital (EV/IC)		 0.32 1.11 0.24 0.63 0.80 1.05 0.80 0.74 0.97 0.93
Enterprise Value to Revenue (EV/Rev)		 0.62 3.55 1.01 2.11 2.51 4.31 2.16 1.80 3.22 2.84
Enterprise Value to EBITDA (EV/EBITDA)		 1.74 9.48 3.09 5.35 6.23 10.86 4.63 4.03 8.65 8.08
Enterprise Value to EBIT (EV/EBIT)		 1.99 10.56 3.48 5.84 6.75 11.82 4.95 4.31 9.37 8.80
Enterprise Value to NOPAT (EV/NOPAT)		 2.48 13.12 4.31 7.25 8.41 14.90 6.24 5.45 11.87 10.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.78 10.49 2.70 5.64 7.16 9.87 5.75 4.92 9.06 8.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 1.33 1.69 0.00 2.58
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.16 1.09 0.13 1.26 1.22 1.54 0.64 0.45 0.84 0.77
Long-Term Debt to Equity		 0.16 0.14 0.13 0.20 0.21 0.18 0.18 0.17 0.15 0.16
Financial Leverage		 0.14 0.54 0.90 0.71 0.71 1.33 1.15 0.82 1.00 1.13
Leverage Ratio		 14.34 13.80 15.13 16.62 17.19 15.73 15.47 15.27 14.74 14.24
Compound Leverage Factor		 14.34 13.80 15.13 16.62 17.19 15.73 15.47 15.27 14.74 14.24
Debt to Total Capital		 14.14% 52.22% 11.58% 55.66% 54.94% 60.57% 38.93% 30.94% 45.56% 43.54%
Short-Term Debt to Total Capital		 0.00% 45.49% 0.00% 46.83% 45.71% 53.53% 28.24% 19.45% 37.22% 34.54%
Long-Term Debt to Total Capital		 14.14% 6.73% 11.58% 8.82% 9.24% 7.04% 10.69% 11.50% 8.34% 9.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.86% 47.78% 88.42% 44.34% 45.06% 39.43% 61.07% 69.06% 54.44% 56.46%
Debt to EBITDA		 0.76 4.48 0.63 4.69 4.27 6.28 2.24 1.70 4.08 3.77
Net Debt to EBITDA		 -5.34 1.92 -4.70 0.19 0.41 2.64 -0.78 -2.35 0.02 -0.19
Long-Term Debt to EBITDA		 0.76 0.58 0.63 0.74 0.72 0.73 0.62 0.63 0.75 0.78
Debt to NOPAT		 1.08 6.20 0.87 6.36 5.77 8.62 3.03 2.30 5.60 5.13
Net Debt to NOPAT		 -7.59 2.66 -6.55 0.25 0.55 3.62 -1.05 -3.18 0.02 -0.26
Long-Term Debt to NOPAT		 1.08 0.80 0.87 1.01 0.97 1.00 0.83 0.85 1.03 1.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 52 -75 -217 -157 -152 -122 140 85 -32 98
Operating Cash Flow to CapEx		 1,750.07% 1,811.75% 349.53% 1,567.28% 9,461.74% 3,328.90% 894.05% 8,586.11% 3,534.14% 1,819.57%
Free Cash Flow to Firm to Interest Expense		 36.61 -26.69 -41.51 -21.99 -19.97 -12.97 14.79 10.16 -3.78 10.73
Operating Cash Flow to Interest Expense		 8.95 2.59 1.56 1.32 1.43 1.70 0.24 1.10 1.21 1.41
Operating Cash Flow Less CapEx to Interest Expense		 8.44 2.44 1.12 1.24 1.42 1.65 0.21 1.09 1.18 1.33
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 5.77 6.14 6.16 6.56 6.64 6.59 6.31 6.53 7.00 6.74
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 159 289 407 334 319 419 276 257 355 329
Invested Capital Turnover		 0.46 0.36 0.32 0.40 0.43 0.29 0.30 0.35 0.32 0.29
Increase / (Decrease) in Invested Capital		 -44 84 220 166 161 130 -131 -77 35 -91
Enterprise Value (EV)		 52 320 96 212 256 439 222 189 342 306
Market Capitalization		 209 255 242 205 239 333 259 299 342 314
Book Value per Share		 $24.17 $24.48 $26.33 $26.26 $25.49 $29.27 $29.81 $31.38 $34.09 $32.70
Tangible Book Value per Share		 $22.96 $23.28 $25.15 $25.09 $24.34 $28.12 $28.68 $30.26 $32.99 $31.61
Total Capital		 159 289 168 334 319 419 276 257 355 329
Total Debt		 22 151 19 186 176 254 108 80 162 143
Total Long-Term Debt		 22 19 19 29 30 30 30 30 30 30
Net Debt		 -158 65 -146 7.37 17 107 -37 -110 0.70 -7.24
Capital Expenditures (CapEx)		 0.73 0.40 2.34 0.60 0.12 0.48 0.25 0.11 0.29 0.71
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 22 151 258 186 176 254 108 80 162 143
Total Depreciation and Amortization (D&A)		 0.94 0.67 0.91 0.78 0.82 0.76 0.75 0.76 0.77 0.83
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.40 $1.60 $0.57 $1.61 $1.61 $0.36 $1.65 $1.46 $0.57 $0.32
Adjusted Weighted Average Basic Shares Outstanding		 5.62M 5.62M 5.63M 5.63M 5.63M 22.52M 5.63M 5.64M 5.65M 22.61M
Adjusted Diluted Earnings per Share		 $1.40 $1.60 $0.57 $1.61 $1.61 $0.36 $1.65 $1.46 $0.57 $0.32
Adjusted Weighted Average Diluted Shares Outstanding		 5.62M 5.62M 5.63M 5.63M 5.63M 22.52M 5.63M 5.64M 5.65M 22.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.36 $0.00 $0.00 $0.00 $0.32
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.64M 5.64M 5.64M 5.65M 5.65M 11.31M 5.66M 5.66M 5.67M 22.72M
Normalized Net Operating Profit after Tax (NOPAT)		 7.85 9.07 3.23 9.09 9.04 8.12 9.29 8.21 3.22 7.16
Normalized NOPAT Margin		 32.25% 35.01% 13.29% 35.10% 35.14% 31.38% 36.74% 29.41% 11.85% 26.16%
Pre Tax Income Margin		 39.88% 44.23% 16.15% 43.37% 43.91% 41.33% 45.94% 36.63% 14.75% 32.75%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.81 4.09 0.75 1.57 1.49 1.14 1.23 1.22 0.47 0.98
NOPAT to Interest Expense		 5.51 3.24 0.62 1.27 1.19 0.86 0.98 0.98 0.38 0.78
EBIT Less CapEx to Interest Expense		 6.30 3.95 0.30 1.49 1.47 1.09 1.20 1.21 0.44 0.91
NOPAT Less CapEx to Interest Expense		 5.00 3.09 0.17 1.19 1.17 0.81 0.95 0.97 0.35 0.71
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 21.63% 19.16% 21.74% 17.15% 17.05% 17.61% 14.62% 15.00% 18.05% 19.10%
Augmented Payout Ratio		 23.11% 20.43% 23.60% 18.57% 18.44% 19.13% 15.86% 16.27% 19.82% 20.96%

Financials Breakdown Chart

Key Financial Trends

Orange County Bancorp (NASDAQ: OBT) has demonstrated solid financial performance over the past several years with notable trends observed in its income, cash flow, and balance sheet statements through 2022 to 2024.

Positive Highlights:

  • Net interest income has increased over recent quarters, reaching $23.1 million in Q4 2024 compared to $22.1 million in Q4 2023, reflecting growth in loans and leases interest income.
  • Total revenue improved steadily from approximately $25.9 million in Q4 2022 to $27.4 million in Q4 2024, driven by growth in both interest and non-interest income sources such as investment banking and trust fees.
  • Net income attributable to common shareholders has risen significantly from around $3.2 million in Q1 2023 to $7.2 million in Q4 2024, indicating a strong bottom-line improvement.
  • Earnings per share increased, with diluted EPS moving from $0.57 in Q1 2023 to $0.63 in Q4 2024, showing enhanced shareholder value.
  • Provision for credit losses saw a notable decline and occasional reversals in recent quarters (e.g., negative $51,000 in Q4 2024), suggesting improved credit quality and reduced credit risk.
  • Net cash from operating activities remained positive and robust, with $12.8 million in Q4 2024, supporting operational strength and liquidity.
  • Deposits increased, with net changes in deposits positive ($13.3 million in Q4 2024), contributing to stable funding sources.
  • The company maintained a healthy equity base, growing total common equity from $136 million in Q3 2022 to $193 million in Q3 2024, indicating continued capital strength.

Neutral Observations:

  • Non-interest expenses, driven by salaries, occupancy, and operating costs, have fluctuated but remained relatively stable in the $14-18 million range, requiring ongoing management focus.
  • Investment securities income and investment banking income showed steady contributions but could be impacted by market conditions.

Negative Considerations:

  • Cash flow from investing activities reflects large and somewhat volatile outflows and inflows, notably investment securities purchases and sales, which could signal exposure to market risks or liquidity management challenges.
  • Repayment of debt has been significant (e.g., $18.5 million outflow in Q4 2024), which may pressure cash reserves if continued aggressively without matching inflows.
  • The company’s accumulated other comprehensive loss remains high (e.g., negative $54 million in Q3 2024), which could affect equity and investor perception.
  • Dividend payments have remained steady around $0.12 to $0.23 per share, representing cash outflow; any increases could constrain reinvestment capacity.

Summary: Orange County Bancorp has shown growth in revenue and profits over the last several years, with improving loan income and credit loss provisions. The company’s capital structure has strengthened, supporting ongoing operations and expansion. However, investors should monitor the significant swings in investing cash flows and high accumulated other comprehensive losses, along with debt repayment patterns, as potential headwinds. Overall, the financial trends suggest positive momentum with cautious attention needed on liquidity and expense management.

10/06/25 11:41 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Orange County Bancorp's Financials

When does Orange County Bancorp's fiscal year end?

According to the most recent income statement we have on file, Orange County Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Orange County Bancorp's net income changed over the last 2 years?

Orange County Bancorp's net income appears to be on an upward trend, with a most recent value of $27.88 million in 2024, rising from $24.36 million in 2022. The previous period was $29.48 million in 2023. View Orange County Bancorp's forecast to see where analysts expect Orange County Bancorp to go next.

How has Orange County Bancorp's revenue changed over the last 2 years?

Over the last 2 years, Orange County Bancorp's total revenue changed from $90.08 million in 2022 to $107.74 million in 2024, a change of 19.6%.

How much debt does Orange County Bancorp have?

Orange County Bancorp's total liabilities were at $2.32 billion at the end of 2024, a 0.2% increase from 2023, and a 8.2% increase since 2022.

How much cash does Orange County Bancorp have?

In the past 2 years, Orange County Bancorp's cash and equivalents has ranged from $86.08 million in 2022 to $150.33 million in 2024, and is currently $150.33 million as of their latest financial filing in 2024.

How has Orange County Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Orange County Bancorp's book value per share changed from 24.48 in 2022 to 32.70 in 2024, a change of 33.6%.


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This page (NASDAQ:OBT) was last updated on 10/6/2025 by MarketBeat.com Staff
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