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) shows several positive financial trends over the trailing four years through Q4 2024:
- Net interest income has generally increased year-over-year, reaching $23.08 million in Q4 2024, up from around $21.1 million in Q1 2023 and significantly higher than the $20.6 million in Q4 2022.
- Consistent net income growth, with Q4 2024 net income at $7.16 million compared to $6.45 million in Q4 2023 and $3.23 million in Q1 2023, indicating improving profitability.
- The bank’s total revenue has increased across comparable quarters, such as $27.38 million in Q4 2024 versus $25.29 million in Q1 2023, showing steady top-line growth.
- Non-interest income streams, including trust fees and investment banking income, have grown modestly, contributing to revenue diversification.
- Operating expenses have increased but at a slower rate than revenues, suggesting improving operational efficiency over time.
- Shareholders’ equity has increased from approximately $136 million in Q3 2022 to about $193 million in Q3 2024, a sign of strengthening capital base.
- Net loans and leases have grown steadily from around $1.52 billion in Q3 2022 to $1.77 billion in Q3 2024, indicating expanding lending activities and potential interest income growth.
Neutral observations for investors to consider:
- Provision for credit losses has fluctuated, occasionally being a negative provision (credit) improving income, but also showing elevated expenses in certain quarters (e.g., substantial $7.19 million in Q3 2024), reflecting changing risk assumptions.
- Cash and due from banks balances have varied significantly with quarter, which can reflect normal business cycle fluctuations or liquidity management strategies.
- Changes in deposit balances and debt issuance/repayments show active balance sheet management but can add volatility to financing activities.
Some potential concerns or negative points:
- Interest expense has increased notably over recent years, from approximately $2.8 million in Q4 2022 to over $9.1 million in Q4 2024, which slightly narrows net interest margin and could pressure profitability if interest income growth does not keep pace.
- Significant swings and large amounts in investing activities cash flows, including high levels of investment purchases and sales, and notably negative ‘other investing activities’ impacting net cash from investing—a source of some cash flow volatility.
- The company has periodically repurchased common equity and increased dividends; while positive for shareholders, these cash outflows reduce available liquidity.
- Accumulated Other Comprehensive Income (AOCI) includes large negative amounts (e.g., -$54.4 million Q3 2024), which can indicate unrealized losses from securities or pensions that may affect equity values.
Summary: Orange County Bancorp has demonstrated solid revenue and net income growth along with expanding lending and equity over the past few years. Increasing interest expenses and volatile investing cash flows are factors investors should monitor, but the bank appears to be managing its operations with growing efficiency and profitability. The improving earnings per share (from about $0.57 in early 2023 to $0.63 in Q4 2024) also reflects positive bottom-line progress. Overall, the company shows a positive financial trajectory with some cautionary points related to expenses and investment volatility.
08/23/25 04:34 AMAI Generated. May Contain Errors.