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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
Orange County Bancorp (NASDAQ: OBT) Financial Performance and Trends Analysis
Analyzing Orange County Bancorp’s financials over the recent four years reveals key trends across revenues, expenses, asset quality, and funding:
- Consistent increase in Total Interest Income: From $25.6 million in Q4 2022 to $32.2 million in Q4 2024, driven primarily by growth in Loans and Leases Interest Income, which rose from $21.0 million to $27.3 million over the same period.
- Net Interest Income steadily improved, rising from $22.8 million in Q4 2022 to $23.1 million in Q4 2024, supporting overall revenue growth.
- Growth in Non-Interest Income: expanded from $3.08 million in Q4 2022 to $4.31 million in Q4 2024, with investment banking income and trust fees showing positive contributions.
- Significant improvement in Net Income: Q4 2024 net income of $7.16 million nearly doubled from $3.23 million in Q4 2022, highlighting profitability growth.
- Return on Equity (ROE) benefit seen with growing retained earnings, which expanded from ~$85 million in Q1 2023 to ~$124 million by Q3 2024, suggesting effective profit retention.
- Deposits as a funding source have increased substantially, with Interest Bearing Deposits growing from $1.33 billion in Q1 2023 to $1.45 billion in Q3 2024, balancing funding costs but also increasing interest expense.
- Share count changes observed, with Weighted Average Basic Shares outstanding rising from ~5.6 million in mid-2023 to over 11 million in 2024 quarters, diluting per share metrics but reflecting possible capital raises or stock issuances.
- Salaries and Employee Benefits expenses increased moderately from $7.15 million in Q4 2022 to over $9.4 million in Q4 2024, reflecting possible investments in personnel but impacting operating expenses.
- Provision for Credit Losses spiked in Q3 2024 to $7.19 million from significantly lower levels in previous quarters, signaling potential rise in loan risk or portfolio deterioration, though it dropped dramatically to negative $51,000 in Q4 2024 indicating write-backs or recovery.
- Cash flow from investing activities has shown significant volatility with large swings in purchases and sales of investment securities, leading to negative investing cash flow in many quarters; this could indicate liquidity management challenges or shifts in asset allocation.
Summary: Orange County Bancorp's financials reveal robust revenue growth largely fueled by increased loan interest income and non-interest income diversification. Net income improvements and retained earnings build shareholder equity positively. However, investor attention should be given to the episodic credit loss provisions and investing cash flow volatility which may reflect underlying credit quality concerns or strategic positioning. The doubling of shares outstanding in 2024 warrants monitoring for dilution impact on earnings per share.
Overall, Orange County Bancorp appears to be on a growth trajectory with improving profitability metrics and revenue streams, but credit risks and capital structure shifts will be key factors for investors to watch going forward.
08/03/25 12:38 AMAI Generated. May Contain Errors.