Earnings ·
Orange County Bancorp, Inc. reported record second quarter 2026 earnings, with net income increasing 30.6% to $13.7…
OBTOrange County Bancorp, Inc.
Orange County Bancorp, Inc. reported record second quarter 2026 earnings, with net income increasing 30.6% to $13.7 million, or $1.02 per share, compared to $10.5 million in the prior year. The results were driven by a $3.3 million rise in net interest income to $28.4 million, a $5.3 million reversal of a deferred tax valuation allowance, and a reduction in credit loss provisions, partially offset by a $4.8 million valuation loss on loans held-for-sale. Total deposits grew 5.2% to $2.4 billion, while the net interest margin expanded 38 basis points to 4.44%. The company operates in the banking and financial services industry.