Orange County Bancorp, Inc. ( (OBT) ) has released its Q1 earnings. Here is a breakdown of the information Orange County Bancorp, Inc. presented to its investors.
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Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Co. and Hudson Valley Investment Advisors, Inc., operates in the financial services sector, providing banking and investment advisory services primarily in New York.
In the first quarter of 2025, Orange County Bancorp, Inc. reported a net income of $8.7 million, a decrease of 6.3% compared to the same period last year. Despite this decline, the company experienced growth in several key areas, including an increase in net interest margin and a rise in trust and investment advisory income.
Key financial highlights for the quarter include a net interest margin of 3.95%, an increase from 3.64% the previous year, and a 6.0% growth in total deposits, reaching $2.3 billion. Total loans also saw a rise of 2.1%, amounting to $1.9 billion. The company’s trust and investment advisory income increased by 19.2%, contributing to a total non-interest income growth of 18.2%.
Looking ahead, Orange County Bancorp, Inc. remains committed to managing risk while providing capital access to its clients. The company continues to focus on deposit growth and effective cost management, positioning itself to adapt to market volatility and meet client needs in the future.