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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	102.94	96.26	69.33	57.52	47.52	40.8
Interest Income on Investments	22.31	21.51	14.9	6.91	5.94	7.32
Total Interest Income	125.25	117.77	84.22	64.43	53.46	48.12
Interest Paid on Deposits	26.27	19.52	4.46	2.88	4.31	4.51
Interest Paid on Borrowings	8.61	9.86	1.68	1.09	0.42	0.33
Total Interest Expense	34.88	29.38	6.14	3.97	4.72	4.84
Net Interest Income	90.37	88.39	78.09	60.46	48.74	43.28
Net Interest Income Growth (YoY)	2.72%	13.19%	29.15%	24.05%	12.61%	20.52%
Trust Income	5.28	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	8.28	7.41	6.54	6.68	5.86	5.58
Total Non-Interest Income	14.46	13.42	12	12.1	11.42	9.81
Non-Interest Income Growth (YoY)	15.93%	11.86%	-0.88%	5.94%	16.39%	-2.05%
Revenues Before Loan Losses	104.83	101.81	90.08	72.56	60.16	53.1
Provision for Loan Losses	1.87	7.87	9.52	2.43	5.41	2.2
Revenue	102.96	93.94	80.57	70.14	54.75	50.9
Revenue Growth (YoY)	13.39%	16.60%	14.87%	28.10%	7.56%	17.10%
Salaries and Employee Benefits	32.82	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	1.61	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	18.21	17.69	16.25	15.39	13.68	11.42
Other Non-Interest Expense	4.5	4.42	3.57	2.78	2.7	3.18
Total Non-Interest Expense	59.12	56.79	50.29	43.46	40.23	36.49
EBT Excluding Unusual Items	43.84	37.15	30.28	26.68	14.52	14.41
Pretax Income	43.84	37.15	30.28	26.68	14.52	14.41
Income Tax Expense	9.18	7.67	5.91	5.39	2.84	2.93
Net Income	34.67	29.48	24.36	21.29	11.68	11.48
Net Income to Common	34.67	29.48	24.36	21.29	11.68	11.48
Net Income Growth	18.56%	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)	0.15%	0.13%	13.14%	10.21%	0.54%	11.15%
EPS (Basic)	6.15	5.24	4.33	4.28	2.59	2.56
EPS (Diluted)	6.15	5.24	4.33	4.28	2.59	2.56
EPS Growth	18.47%	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	3.37%	10.84%	3.75%	0%	0%	0%
Effective Tax Rate	20.93%	20.65%	19.53%	20.20%	19.55%	20.32%

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