Orange County Bancorp, Inc. (OBT)

Orange County Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	106.03	96.26	69.33	57.52	47.52
Interest Income on Investments	21.2	21.51	14.9	6.91	5.94
Total Interest Income	127.23	117.77	84.22	64.43	53.46
Interest Paid on Deposits	27.87	19.52	4.46	2.88	4.31
Interest Paid on Borrowings	7.59	9.86	1.68	1.09	0.42
Total Interest Expense	35.46	29.38	6.14	3.97	4.72
Net Interest Income	91.77	88.39	78.09	60.46	48.74
Net Interest Income Growth (YoY)	3.82%	13.19%	29.15%	24.05%	12.61%
Trust Income	5.51	5.1	4.76	4.79	4.07
Gain (Loss) on Sale of Investments	-	0.11	-	-	0.8
Other Non-Interest Income	9.45	7.41	6.54	6.68	5.86
Total Non-Interest Income	15.97	13.42	12	12.1	11.42
Non-Interest Income Growth (YoY)	19.03%	11.86%	-0.88%	5.94%	16.39%
Revenues Before Loan Losses	107.74	101.81	90.08	72.56	60.16
Provision for Loan Losses	7.71	7.87	9.52	2.43	5.41
Revenue	100.03	93.94	80.57	70.14	54.75
Revenue Growth (YoY)	6.48%	16.60%	14.87%	28.10%	7.56%
Salaries and Employee Benefits	36.41	31.32	27.37	22.42	21.38
Occupancy Expenses	-	1.68	1.41	1.38	1.27
Federal Deposit Insurance	1.31	1.4	1.41	1.2	0.91
Amortization of Goodwill & Intangibles	0.29	0.29	0.29	0.29	0.29
Selling, General & Administrative	20.16	17.69	16.25	15.39	13.68
Other Non-Interest Expense	7.04	4.42	3.57	2.78	2.7
Total Non-Interest Expense	65.21	56.79	50.29	43.46	40.23
EBT Excluding Unusual Items	34.82	37.15	30.28	26.68	14.52
Pretax Income	34.82	37.15	30.28	26.68	14.52
Income Tax Expense	6.94	7.67	5.91	5.39	2.84
Net Income	27.88	29.48	24.36	21.29	11.68
Net Income to Common	27.88	29.48	24.36	21.29	11.68
Net Income Growth	-5.41%	20.99%	14.45%	82.27%	1.72%
Basic Shares Outstanding	11	11	11	10	9
Diluted Shares Outstanding	11	11	11	10	9
Shares Change (YoY)	0.40%	0.13%	13.14%	10.21%	0.54%
EPS (Basic)	2.47	2.62	2.17	2.14	1.30
EPS (Diluted)	2.47	2.62	2.17	2.14	1.30
EPS Growth	-5.79%	20.94%	1.07%	65.39%	1.18%
Dividend Per Share	0.470	0.460	0.415	0.400	0.400
Dividend Growth	2.17%	10.84%	3.75%	0%	0%
Effective Tax Rate	19.92%	20.65%	19.53%	20.20%	19.55%

Source: S&P Capital IQ. Banks template. Financial Sources.