Mon, May 12, 8:26 PM (39 days ago)
**Orange County Bancorp, Inc. (OBT) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $31.9 million (up 2.7% YoY) - **Net Income:** $8.7 million (down 6.3% YoY) - **Earnings per Share (EPS):** $0.77 (down from $0.82) - **Total Assets:** $2.6 billion (up 2.0% from Q4 2024) - **Total Loans:** $1.8 billion (up 2.1% from Q4 2024) - **Total Deposits:** $2.3 billion (up 6.0% from Q4 2024) - **Stockholders' Equity:** $201.3 million (up 8.5% from Q4 2024) **Profit Margins:** - **Net Interest Margin:** 3.95% (up from 3.64% in Q1 2024) - **Net Interest Rate Spread:** 3.28% (up from 2.88% in Q1 2024) **Cash Flow:** - **Net Cash from Operating Activities:** $4.8 million (up from $2.3 million in Q1 2024) - **Net Cash Used in Investing Activities:** $24.7 million (down from $32.5 million inflow in Q1 2024) - **Net Cash from Financing Activities:** $33.7 million (up from $37.4 million outflow in Q1 2024) **Earnings Changes:** - **Interest Income:** Up $834,000 (2.7% YoY) - **Interest Expense:** Down $1.2 million (12.6% YoY) - **Noninterest Income:** Up $670,000 (18.2% YoY) - **Noninterest Expense:** Up $1.2 million (7.7% YoY) **Quarterly Performance Discussion:** - **Loan Growth:** Driven by commercial real estate and construction loans. - **Deposit Growth:** Strong growth in interest-bearing deposits. - **Credit Quality:** Stable with a slight increase in the allowance for credit losses. - **Liquidity:** Strong liquidity position with significant cash and due from banks. - **Capital:** Well-capitalized with all regulatory requirements met. **Trends & Uncertainties:** - **Interest Rates:** Potential rate reductions may benefit net interest income. - **Economic Conditions:** Local and national economic factors may impact loan performance. - **Competition:** Increased competition in interest rates and product offerings. - **Regulatory Environment:** Potential changes in laws and regulations may affect operations. **Future Operations Impact:** - **Loan Originations:** Continued focus on new and existing customers. - **Deposit Strategy:** Emphasis on transactional accounts and lower-cost deposits. - **Investment Strategy:** Continued maturity of lower-yielding investments. - **Risk Management:** Ongoing monitoring of credit quality and market risks. **Ticker:** OBT **Note:** Amounts are in thousands, except per share data.