Quarterly ResultJul 28, 2026, 04:18 PM
Orange County Bancorp Q2 Net Income $13.7M, EPS $1.02
AI Summary
Orange County Bancorp reported record second-quarter earnings, with net income increasing 30.6% to $13.7 million and EPS rising 17.2% to $1.02 per share for Q2 2026. The strong performance was driven by increased net interest income, a 38 basis point improvement in net interest margin to 4.44%, and a $5.3 million reversal of a deferred tax valuation allowance. Total deposits grew 5.2% to $2.4 billion, while the results were partially offset by a $4.8 million valuation loss on loans held-for-sale and a decrease in noninterest income.
Key Highlights
- Net Income increased 30.6% to $13.7 million for Q2 2026.
- EPS increased 17.2% to $1.02 per share for Q2 2026.
- Net Interest Margin rose 38 bps to 4.44% for Q2 2026.
- Total Deposits increased 5.2% to $2.4 billion at June 30, 2026.
- Book value per share grew 7.5% to $22.87 at June 30, 2026.
- Net income for Q2 2026 included a $5.3M deferred tax valuation allowance reversal.
- Net income for Q2 2026 was offset by a $4.8M valuation loss on loans held-for-sale.
- Wealth Management assets under management decreased 11.4% to $1.7 billion.
Price Impact
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