Orange County Bancorp, Inc. (OBT)

Orange County Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	104.63	96.26	69.33	57.52	47.52	40.8
Interest Income on Investments	21.96	21.51	14.9	6.91	5.94	7.32
Total Interest Income	126.59	117.77	84.22	64.43	53.46	48.12
Interest Paid on Deposits	27.45	19.52	4.46	2.88	4.31	4.51
Interest Paid on Borrowings	8.3	9.86	1.68	1.09	0.42	0.33
Total Interest Expense	35.75	29.38	6.14	3.97	4.72	4.84
Net Interest Income	90.84	88.39	78.09	60.46	48.74	43.28
Net Interest Income Growth (YoY)	1.99%	13.19%	29.15%	24.05%	12.61%	20.52%
Trust Income	5.39	5.1	4.76	4.79	4.07	3.53
Gain (Loss) on Sale of Investments	-	0.11	-	-	0.8	-0.22
Other Non-Interest Income	9.06	7.41	6.54	6.68	5.86	5.58
Total Non-Interest Income	15.41	13.42	12	12.1	11.42	9.81
Non-Interest Income Growth (YoY)	20.80%	11.86%	-0.88%	5.94%	16.39%	-2.05%
Revenues Before Loan Losses	106.25	101.81	90.08	72.56	60.16	53.1
Provision for Loan Losses	8.22	7.87	9.52	2.43	5.41	2.2
Revenue	98.02	93.94	80.57	70.14	54.75	50.9
Revenue Growth (YoY)	4.93%	16.60%	14.87%	28.10%	7.56%	17.10%
Salaries and Employee Benefits	33.47	31.32	27.37	22.42	21.38	20.05
Occupancy Expenses	1.68	1.68	1.41	1.38	1.27	1.19
Federal Deposit Insurance	1.36	1.4	1.41	1.2	0.91	0.37
Amortization of Goodwill & Intangibles	0.29	0.29	0.29	0.29	0.29	0.29
Selling, General & Administrative	20.02	17.69	16.25	15.39	13.68	11.42
Other Non-Interest Expense	4.66	4.42	3.57	2.78	2.7	3.18
Total Non-Interest Expense	61.47	56.79	50.29	43.46	40.23	36.49
EBT Excluding Unusual Items	36.55	37.15	30.28	26.68	14.52	14.41
Pretax Income	36.55	37.15	30.28	26.68	14.52	14.41
Income Tax Expense	7.71	7.67	5.91	5.39	2.84	2.93
Net Income	28.84	29.48	24.36	21.29	11.68	11.48
Net Income to Common	28.84	29.48	24.36	21.29	11.68	11.48
Net Income Growth	-5.20%	20.99%	14.45%	82.27%	1.72%	52.03%
Basic Shares Outstanding	6	6	6	5	5	4
Diluted Shares Outstanding	6	6	6	5	5	4
Shares Change (YoY)	0.23%	0.13%	13.14%	10.21%	0.54%	11.15%
EPS (Basic)	5.11	5.24	4.33	4.28	2.59	2.56
EPS (Diluted)	5.11	5.24	4.33	4.28	2.59	2.56
EPS Growth	-5.35%	20.94%	1.07%	65.39%	1.18%	36.78%
Dividend Per Share	0.920	0.920	0.830	0.800	0.800	0.800
Dividend Growth	0%	10.84%	3.75%	0%	0%	0%
Effective Tax Rate	21.09%	20.65%	19.53%	20.20%	19.55%	20.32%

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