Orange County Bancorp reports Q2 EPS 73c, consensus 75c

Reports Q2 tangible book value per share $18.45. “I am pleased to report Orange County Bank had a very productive and successful second quarter,” said company president and CEO Michael Gilfeather. “Nearly every segment of the Bank turned in strong financial performance, yielding $10.5 million of net income for the period, a $2.3 million, or 27% increase over the same quarter last year. These results include several one-time gains but also reflect continued strength in financial performance as we execute on our full-service, business banking strategy.”