Quarterly ResultMay 11, 2026, 01:21 PM
Orange County Bancorp Q1 Net Income +29.6% to $11.28M; EPS $0.85
AI Summary
Orange County Bancorp reported strong financial results for the first quarter of 2026, with net income increasing by 29.6% to $11.28 million and diluted earnings per share rising to $0.85. This growth was primarily driven by an 18.1% increase in net interest income and a credit for loan losses, despite a slight decrease in noninterest income and higher noninterest expenses. The company also saw an increase in total assets and deposits, alongside a higher cash dividend.
Key Highlights
- Net income increased by 29.6% to $11.28 million for Q1 2026.
- Diluted earnings per share rose to $0.85 from $0.77 in Q1 2025.
- Net interest income grew by 18.1% to $27.90 million.
- Total assets increased by 1.7% to $2.71 billion as of March 31, 2026.
- Total deposits grew by 1.7% to $2.35 billion.
- Cash dividends declared increased to $0.18 per share from $0.13 per share.
- A credit for loan losses of $(436) thousand was recorded in Q1 2026.
Price Impact
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