Orange County Bancorp Q1 profit rises 30% on higher interest income

Orange County Bancorp

28/04/2026 21:26

Overview

US regional bank's Q1 net income rose 30% yr/yr to record level

Q1 EPS grew 10% yr/yr, driven by higher net interest income and lower credit loss provision

Net interest margin improved to 4.40% from 3.95% a year earlier

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Higher net interest income driven by increased loan interest and lower borrowing costs

CREDIT LOSS PROVISION - Net recovery in provision for credit losses due to slower loan growth and lower reserve requirements

CORE DEPOSIT GROWTH - Deposit growth driven by core deposits, reducing reliance on higher-cost brokered deposits and lowering deposit costs

Company press release: ID:nGNX8QTM2Z

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.85
Q1 Net Income
$11.30 mln
Q1 Net Interest Income
$27.90 mln
Q1 Net Interest Margin
4.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Orange County Bancorp Inc is $38.00, about 7.4% above its April 27 closing price of $35.39

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)