Orange County Bancorp (OBT)
Market Price (11/6/2026): $39.83 | Market Cap: $534.2 MilSector: Financials | Industry: Regional Banks
Orange County Bancorp (OBT)
Market Price (11/6/2026): $39.83Market Cap: $534.2 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 12% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -77% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include Localized Financial Services. Themes include Community Lending, Regional Economic Support, and Personalized Banking Services. | Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -14% Key risksOBT key risks include [1] increased borrower defaults on its adjustable-rate loans if interest rates rise and [2] potential credit losses from its higher-risk consumer loan portfolio. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 12% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -77% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Localized Financial Services. Themes include Community Lending, Regional Economic Support, and Personalized Banking Services. |
| Trading close to highsDist 52W High is -1.4%, Dist 3Y High is -1.4% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -14% |
| Key risksOBT key risks include [1] increased borrower defaults on its adjustable-rate loans if interest rates rise and [2] potential credit losses from its higher-risk consumer loan portfolio. |
Qualitative Assessment
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Orange County Bancorp (OBT) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Orange County Bancorp reported record fiscal Q3 2026 earnings, surpassing analyst expectations. The company announced net income of $12.5 million for the fiscal quarter ended September 30, 2026, a 24.6% increase from $10.0 million in fiscal Q3 2025. Earnings per share (EPS) reached $0.93, exceeding the consensus estimate of $0.8170 to $0.84 per share. Revenue for the quarter was $35.30 million, also beating the estimated $33.50 million. This marked the company's third consecutive quarter of record earnings in 2026.
2. The company experienced a significant expansion in its Net Interest Margin (NIM). For fiscal Q3 2026, the net interest margin increased by 19 basis points to 4.45% from 4.26% in the same period last year. This expansion contributed to an 11.0% rise in net interest income, which reached $29.9 million, up $2.9 million from fiscal Q3 2025. The improvement was partially attributed to a reduction in borrowing costs due to successful deposit growth and the elimination of high-cost brokered deposits.
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Orange County Bancorp (OBT) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Orange County Bancorp reported record fiscal Q3 2026 earnings, surpassing analyst expectations. The company announced net income of $12.5 million for the fiscal quarter ended September 30, 2026, a 24.6% increase from $10.0 million in fiscal Q3 2025. Earnings per share (EPS) reached $0.93, exceeding the consensus estimate of $0.8170 to $0.84 per share. Revenue for the quarter was $35.30 million, also beating the estimated $33.50 million. This marked the company's third consecutive quarter of record earnings in 2026.
2. The company experienced a significant expansion in its Net Interest Margin (NIM). For fiscal Q3 2026, the net interest margin increased by 19 basis points to 4.45% from 4.26% in the same period last year. This expansion contributed to an 11.0% rise in net interest income, which reached $29.9 million, up $2.9 million from fiscal Q3 2025. The improvement was partially attributed to a reduction in borrowing costs due to successful deposit growth and the elimination of high-cost brokered deposits.
3. Orange County Bancorp demonstrated strong deposit and loan growth. Total deposits grew by $56.0 million, or 2.4%, reaching $2.4 billion at September 30, 2026, compared to $2.3 billion at September 30, 2025. Concurrently, total loans, including loans held-for-sale, increased to $2.0 billion at September 30, 2026, from $1.9 billion at September 30, 2025.
4. Positive analyst sentiment and increased price targets bolstered investor confidence. During the period, at least one analyst upgraded Orange County Bancorp's stock, and Piper Sandler initiated coverage with an "Overweight" rating and a $44 price target on September 4, 2026. The consensus rating for OBT remained a "Strong Buy," with an average price target of $43.25, indicating an approximately 11.8% upside from the stock's price on October 31, 2026.
5. Favorable macroeconomic conditions within the regional banking sector contributed to the positive trend. Despite a generally challenging macroeconomic environment, the regional banking sector, including Orange County Bancorp, exhibited stable or growing earnings in fiscal Q3 2026. Regional banks, in particular, benefited from strong commercial loan demand. The broader American economy continued to expand, with strong corporate earnings reported across sectors.
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Stock Movement Drivers
Fundamental Drivers
The 4.7% change in OBT stock from 7/31/2026 to 11/5/2026 was primarily driven by a 11.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.07 | 39.86 | 4.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 131 | 127 | -3.5% |
| Net Income Margin (%) | 33.7% | 37.4% | 11.2% |
| P/E Multiple | 11.5 | 11.3 | -2.1% |
| Shares Outstanding (Mil) | 13 | 13 | -0.2% |
| Cumulative Contribution | 4.7% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| OBT | 4.7% | |
| Market (SPY) | -1.9% | 8.4% |
| Sector (XLF) | 1.0% | 56.6% |
Fundamental Drivers
The 18.1% change in OBT stock from 4/30/2026 to 11/5/2026 was primarily driven by a 14.4% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.76 | 39.86 | 18.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 127 | 127 | -0.4% |
| Net Income Margin (%) | 32.7% | 37.4% | 14.4% |
| P/E Multiple | 10.8 | 11.3 | 3.9% |
| Shares Outstanding (Mil) | 13 | 13 | -0.2% |
| Cumulative Contribution | 18.1% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| OBT | 18.1% | |
| Market (SPY) | 2.3% | 3.8% |
| Sector (XLF) | 10.7% | 46.3% |
Fundamental Drivers
The 66.7% change in OBT stock from 10/31/2025 to 11/5/2026 was primarily driven by a 45.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.91 | 39.86 | 66.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 115 | 127 | 10.2% |
| Net Income Margin (%) | 25.7% | 37.4% | 45.6% |
| P/E Multiple | 9.7 | 11.3 | 15.9% |
| Shares Outstanding (Mil) | 12 | 13 | -10.4% |
| Cumulative Contribution | 66.7% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| OBT | 66.7% | |
| Market (SPY) | 8.4% | 16.4% |
| Sector (XLF) | 11.1% | 44.1% |
Fundamental Drivers
The 92.0% change in OBT stock from 10/31/2023 to 11/5/2026 was primarily driven by a 40.8% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.76 | 39.86 | 92.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 95 | 127 | 32.8% |
| Net Income Margin (%) | 30.7% | 37.4% | 22.1% |
| P/E Multiple | 8.0 | 11.3 | 40.8% |
| Shares Outstanding (Mil) | 11 | 13 | -15.9% |
| Cumulative Contribution | 92.0% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| OBT | 92.0% | |
| Market (SPY) | 81.3% | 35.7% |
| Sector (XLF) | 85.5% | 43.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OBT Return | 49% | 18% | 32% | -6% | 5% | 42% | 226% |
| Peers Return | 24% | 18% | 11% | 11% | 5% | 40% | 166% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| OBT Win Rate | 83% | 42% | 67% | 50% | 50% | 73% | |
| Peers Win Rate | 62% | 53% | 45% | 52% | 50% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| OBT Max Drawdown | -11% | -23% | -46% | -28% | -23% | -14% | |
| Peers Max Drawdown | -18% | -19% | -38% | -22% | -21% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GCBC, TMP, AROW, NBTB, TRST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | OBT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.4% | -18.8% |
| % Gain to Breakeven | 22.5% | 23.1% |
| Time to Breakeven | 21 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -43.2% | -6.7% |
| % Gain to Breakeven | 76.0% | 7.1% |
| Time to Breakeven | 223 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.2% | -24.5% |
| % Gain to Breakeven | 23.7% | 32.4% |
| Time to Breakeven | 63 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -19.8% | -33.7% |
| % Gain to Breakeven | 24.7% | 50.9% |
| Time to Breakeven | 330 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.1% | -19.2% |
| % Gain to Breakeven | 19.3% | 23.8% |
| Time to Breakeven | 55 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -29.0% | -53.4% |
| % Gain to Breakeven | 40.8% | 114.4% |
| Time to Breakeven | 2365 days | 1085 days |
In The Past
Orange County Bancorp's stock fell -18.4% during the 2025 US Tariff Shock. Such a loss loss requires a 22.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | OBT | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -43.2% | -6.7% |
| % Gain to Breakeven | 76.0% | 7.1% |
| Time to Breakeven | 223 days | 31 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -29.0% | -53.4% |
| % Gain to Breakeven | 40.8% | 114.4% |
| Time to Breakeven | 2365 days | 1085 days |
In The Past
Orange County Bancorp's stock fell -18.4% during the 2025 US Tariff Shock. Such a loss loss requires a 22.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Orange County Bancorp (OBT)
Orange County Bancorp, Inc. (OBT) is a financial services company operating primarily in New York, offering a blend of traditional commercial and consumer banking services alongside specialized trust and wealth management solutions. Founded in 1892 and headquartered in Middletown, NY, the company caters to a diverse clientele including small and middle-market businesses, local municipal governments, and affluent individuals.
The core banking offerings encompass a full suite of deposit products, ranging from interest-bearing and noninterest-bearing demand accounts to money market, savings, and certificates of deposit, designed to meet various client needs. On the lending side, OBT provides commercial real estate loans, commercial and industrial loans, and construction loans for businesses, complemented by residential real estate, home equity, and general consumer loans for individuals.
Beyond banking, OBT extends its services into comprehensive trust and wealth management, including traditional trust and administration, asset management, financial planning, and broader wealth management services for its affluent customer base. The company operates a network of 14 full-service branches and one loan production office strategically located across Orange, Westchester, Rockland, and Bronx counties in New York, focusing on its local community markets.
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Here are 1-3 brief analogies for Orange County Bancorp (OBT):
- Like a localized KeyCorp for New York's Hudson Valley and surrounding counties.
- A community-focused M&T Bank for the Orange and Westchester county regions of New York.
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Deposit Services
Offers various interest-bearing and noninterest-bearing demand accounts, money market deposit accounts, savings accounts, and certificates of deposit.
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Loan Services
Provides commercial real estate loans, commercial and industrial loans, construction loans, residential real estate loans, home equity loans, and consumer loans.
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Trust and Wealth Management Services
Delivers traditional trust and administration, asset management, financial planning, and wealth management services.
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- Small and Middle-Market Businesses: These include various enterprises that utilize the company's commercial banking products and services, such as commercial real estate loans, commercial and industrial loans, and commercial real estate construction loans.
- Local Municipal Governments: These are local governmental entities that also avail themselves of the company's commercial banking products and services.
- Affluent Individuals: This segment utilizes consumer banking products and services, including residential real estate loans, home equity loans, and consumer loans, as well as trust and wealth management services.
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Michael Gilfeather President, Chief Executive Officer & Director
Mr. Gilfeather has served as President and Chief Executive Officer of Orange County Bancorp, Inc. and the Bank since April 2014, and as a Director since 2014, bringing over 35 years of experience to his role. Prior to joining Orange County Bancorp, he was Chief Administrative Officer at Hudson Valley Bank, where he oversaw the branch network, training and development, human resources, and the trust department. Before Hudson Valley Bank, Mr. Gilfeather spent 20 years with The Bank of New York, serving as the Senior Manager for all retail banking in Manhattan. He also serves as a director of Hudson Valley Investment Advisors, a wholly owned subsidiary of Orange County Bancorp, Inc.
Michael Lesler Executive Vice President, Chief Financial Officer
Mr. Lesler was appointed Senior Vice President and Chief Financial Officer in March 2023, and subsequently Executive Vice President and CFO in December 2023. He joined Orange County Bancorp in December 2021 as SVP, Controller and Chief Accounting Officer. Mr. Lesler has over 20 years of experience in the banking industry. His previous roles include Executive Vice President and Chief Operating Officer for BCB Bancorp, Inc. from 2018 to 2021, and the same position at Clifton Bancorp, Inc. from 2016 to 2018. He also served as Chief Financial Officer, and later President and Chief Executive Officer, at Bank of New Jersey for 11 years.
Michael Coulter Executive Vice President, Strategic Lending Relationship Executive
Mr. Coulter joined Orange Bank & Trust in April 2017 as Senior Vice President and Chief Lending Officer and was promoted to Executive Vice President and Chief Lending Officer in February 2019. He has over 35 years of experience in banking. Prior to joining Orange County Bancorp, Mr. Coulter served as Executive Vice President of Metropolitan Bank in Manhattan. He also held progressively more senior positions at BBVA Compass Bank, Sun National Bank, Citizens, and Key Bank.
David Dineen Executive Vice President, Managing Director of Wealth Management
Mr. Dineen serves as the Managing Director of Wealth Management, leading Orange Wealth Management, which combines the company's asset management division with its trust and private banking services. He was hired in February 2022 and has successfully overseen the bank's trust and private banking divisions. Mr. Dineen has over 30 years of experience in banking and wealth management.
Elizabeth Jones Executive Vice President, Chief Operating Officer
Ms. Jones joined Orange Bank & Trust in 2016 as 1st Vice President, Director of Branch and Deposit Operations. She was promoted to Director of Operations in 2021 and oversees all bank and loan operations, including compliance and facilities. Before joining Orange Bank & Trust, Ms. Jones spent 20 years at Sterling National Bank, where she held various roles, most recently as 1st Vice President, Sales and Service Administration.
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The key risks to Orange County Bancorp's (OBT) business primarily revolve around credit quality, profitability, and interest rate fluctuations.
- Credit Risk from Increasing Non-Performing Loans: The company has experienced an increase in non-performing loans. As of September 30, 2025, total non-performing loans reached $12.2 million, or 0.63% of total loans, which is an increase from $6.3 million at December 31, 2024. This rise indicates ongoing payment disruptions across various loans and necessitates a modest increase in the allowance for credit losses.
- Profit Margin Compression: Orange County Bancorp has seen its net profit margin decline, slipping to 28% from 33.7% in the previous year. Despite a strong five-year annual earnings growth rate, this compression in margins introduces a layer of caution for investors and suggests a challenge in maintaining consistent profitability and operating leverage, with recent results indicating slower projected growth compared to broader market benchmarks.
- Interest Rate Policy Risks: The banking sector is inherently sensitive to changes in interest rates. Orange County Bancorp acknowledges the need for prudent underwriting standards due to uncertain interest rate policy risks. The company's CEO noted that while Federal Reserve guidance and a rate cut could exert downward pressure on rates, the team remains focused on managing through such conditions. This highlights the ongoing exposure to interest rate fluctuations and their potential impact on net interest income.
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The clear emerging threat to Orange County Bancorp is the ongoing digital transformation of the banking industry and the rise of digital-first financial technology (fintech) companies and neobanks.
Orange County Bancorp operates a traditional, branch-based model with 14 full-service branches. Digital-first competitors, including online-only banks, fintech lending platforms, and digital wealth management services, offer consumers and businesses increasingly convenient, lower-cost, and often higher-yield alternatives to traditional banking products. These digital disruptors leverage technology to provide seamless user experiences, faster loan approvals, and competitive rates on deposits and loans, often without the overhead of physical branches. This trend directly threatens OBT's ability to attract and retain customers for its deposit products, commercial and consumer loans, and wealth management services, particularly among younger demographics and those who prioritize digital convenience over in-person service.
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Addressable Markets for Orange County Bancorp's Main Products and Services
Commercial and Consumer Banking Products and Services
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Deposits:
- Bronx County, New York: Approximately $17.4 billion
- Orange County, New York: Approximately $10.8 billion
- New York State Total Deposits: Exceed $3.4 trillion
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Loans:
- New York State Commercial Real Estate (CRE) Exposure: $450 billion
- New York State Total Mortgage Originations (2023): $85 billion
- New York State Small Business Loans (under $1M, 2023): $18 billion
- U.S. Retail Banking Market (including consumer loans, 2026): Valued at $0.91 trillion, projected to reach $1.11 trillion by 2031
Trust and Wealth Management Services
- New York Metropolitan Statistical Area (MSA): 720,000 high-net-worth individuals with $1 million or more in investable assets (as of 2011)
- Westchester and Fairfield County (Soundview Market): One firm, Morgan Stanley, manages over $30 billion in assets for clients
- Global Wealth Management Market Size (2024): Estimated at approximately USD 1636.83 billion, projected to grow to around USD 4893.17 billion by 2034
- North America Wealth Management Platform Market (2024): Valued at $7.5 billion
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Here are 3-5 expected drivers of future revenue growth for Orange County Bancorp (OBT) over the next 2-3 years:
- Loan Growth: Orange County Bancorp has demonstrated strong loan portfolio expansion, with total loans increasing by 7.4% to $2.0 billion by December 31, 2025, from $1.8 billion at year-end 2024. This growth is driven by increased economic activity in the regions served by the bank and is expected to continue contributing significantly to future net interest income.
- Net Interest Margin (NIM) Expansion/Stability: The company reported a notable improvement in its Net Interest Margin, which grew by 35 basis points to 4.18% for the full year 2025 and by 66 basis points to 4.44% for the fourth quarter of 2025, compared to the same periods in the prior year. Sustaining or further expanding this margin will directly enhance net interest income, a primary component of the bank's revenue.
- Growth in Trust and Investment Advisory Income (Wealth Management): Trust and investment advisory income saw a substantial increase of 15.2% to $14.1 million for the year ended December 31, 2025. This growth is attributed to favorable equity market returns and strategic initiatives, such as the "private bank initiative," which has been successful in attracting new customers and assets. Continued focus on wealth management services and client acquisition is expected to drive non-interest income.
- Deposit Growth: Total deposits increased by 7.3% to $2.3 billion at December 31, 2025, compared to $2.2 billion at the end of 2024. While deposits are a liability, sustained growth in deposits provides a stable funding base for loan origination and can help manage funding costs, thereby indirectly supporting revenue growth through net interest income.
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Share Issuance
- In June 2025, Orange County Bancorp completed an underwritten public offering of 1,720,430 shares of its common stock at $23.25 per share, generating approximately $40.0 million in gross proceeds before discounts and expenses.
- Concurrently, the underwriters exercised their overallotment option, resulting in the sale of an additional 258,064 shares of common stock at the same price, which brought approximately $5.7 million in additional expected proceeds.
- In August 2021, the company raised $30 million through an initial public offering (IPO), issuing 900,000 shares at a price range of $32.00-$35.00 per share.
Outbound Investments
- In January 2026, Orange Bank & Trust announced a strategic investment in lending operations within the Mid-Hudson Valley.
- The company plans to use net proceeds from its June 2025 public offering for general corporate purposes, which may include investments in Orange Bank & Trust Company to support continued growth, augment regulatory capital and liquidity, and potentially fund strategic acquisitions.
Peer Outperformance in Regional Banks
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 33.1% | 75.7% | 125.1% | SPNT 168% · RGA 162% · RNR 141% |
| Investment Banking & Brokerage | 13 | -3.9% | 89.1% | 93.1% | IBKR 305% · SNEX 152% · GS 141% |
| Diversified Banks | 12 | 30.0% | 140.4% | 90.3% | CM 144% · RY 129% · JPM 127% |
| Life & Health Insurance | 20 | 14.3% | 52.3% | 75.4% | JXN 514% · UNM 224% · FG 188% |
| Property & Casualty Insurance | 42 | 18.9% | 76.8% | 66.8% | TRV 178% · PGR 172% · ACGL 168% |
| Multi-Sector Holdings | 3 | 10.1% | 53.8% | 59.4% | BRK-B 99% · VOYA 59% · JEF 37% |
| Multi-line Insurance | 9 | 9.5% | 71.4% | 59.4% | AIZ 105% · GNW 104% · L 98% |
| Regional Banks ← | 263 | 30.0% | 87.5% | 46.7% | CBC 268% · FCNCA 176% · NIC 136% |
| Insurance Brokers | 15 | 5.5% | 13.4% | 33.4% | LIFE 287% · ARX 89% · WTW 56% |
| Financial Exchanges & Data | 15 | 20.6% | 37.2% | 27.9% | CBOE 183% · VIRT 131% · CME 71% |
| Asset Management & Custody Banks | 83 | -5.9% | 22.8% | 12.3% | VCTR 210% · AAMI 207% · WT 205% |
| Consumer Finance | 30 | 2.9% | 81.0% | 8.1% | ENVA 330% · FCFS 130% · ECPG 111% |
| Commercial & Residential Mortgage Finance | 14 | -46.5% | 36.8% | 2.5% | FNMA 327% · FMCC 293% · ACT 158% |
| Diversified Financial Services | 4 | -1.6% | 20.1% | -1.1% | FRHC 153% · EQH 71% |
| Specialized Finance | 3 | 15.8% | 31.5% | -19.7% | HASI -20% · CACC -24% |
| Transaction & Payment Processing Services | 17 | 19.3% | 9.1% | -29.4% | V 103% · MA 94% · CPAY 83% |
| Mortgage REITs | 35 | -18.0% | -6.1% | -37.2% | RITM 36% · DX 17% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.1% | -8.5% | -70.1% | LPLA 83% · TW 38% · RIOT -53% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Orange County Bancorp Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.39 |
| Mkt Cap | 0.8 |
| Rev LTM | 186 |
| Op Inc LTM | - |
| FCF LTM | 55 |
| FCF 3Y Avg | 47 |
| CFO LTM | 63 |
| CFO 3Y Avg | 52 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.6% |
| Rev Chg 3Y Avg | 8.7% |
| Rev Chg Q | 9.6% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 35.2% |
| CFO/Rev 3Y Avg | 33.3% |
| FCF/Rev LTM | 31.8% |
| FCF/Rev 3Y Avg | 30.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking | 113 | 95 | 91 | 81 | 63 |
| Wealth Management | 14 | 12 | 10 | 9 | 10 |
| Total | 127 | 108 | 102 | 90 | 73 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking | 38 | 25 | 27 | 23 | 19 |
| Wealth Management | 4 | 2 | 2 | 2 | 2 |
| Total | 42 | 28 | 29 | 24 | 21 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking | 2,649 | 2,500 | 2,477 | 2,279 | 2,133 |
| Wealth Management | 11 | 10 | 9 | 8 | 9 |
| Total | 2,659 | 2,510 | 2,485 | 2,287 | 2,143 |
Price Behavior
| Market Price | $39.86 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 10/04/2007 | |
| Distance from 52W High | -1.4% | |
| 50 Days | 200 Days | |
| DMA Price | $37.91 | $35.43 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 5.1% | 12.5% |
| 3M | 1YR | |
| Volatility | 19.2% | 25.5% |
| Downside Capture | -27.35 | 14.43 |
| Upside Capture | 2.59 | 71.10 |
| Correlation (S&P 500) | -6.3% | 16.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.27 | -0.17 | -0.07 | -0.03 | 0.30 | 0.98 |
| Up Beta | -0.93 | -1.42 | 0.08 | -0.33 | 0.22 | 1.13 |
| Down Beta | -0.45 | -0.41 | -0.50 | -0.43 | -0.07 | 1.02 |
| Up Capture | 25% | 17% | 4% | 31% | 66% | 67% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 22 | 35 | 73 | 144 | 398 |
| Down Capture | -48% | -3% | -5% | 2% | 21% | 94% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 19 | 26 | 49 | 102 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBT | |
|---|---|---|---|---|
| OBT | 62.7% | 25.5% | 1.85 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 44.2% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 16.9% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | -1.7% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -31.8% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 40.1% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | -3.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBT | |
|---|---|---|---|---|
| OBT | 16.6% | 41.5% | 0.50 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 32.2% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 25.8% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 0.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 2.5% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 28.6% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 11.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBT | |
|---|---|---|---|---|
| OBT | 8.7% | 39.0% | 0.46 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 23.0% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 20.3% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 0.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 3.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 21.3% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 9.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 1.3% | 6.1% | |
| 7/28/2026 | -0.8% | -0.2% | -2.7% |
| 4/28/2026 | -6.1% | -5.9% | -5.6% |
| 2/4/2026 | 4.6% | 7.4% | -2.8% |
| 10/30/2025 | 2.9% | 7.0% | 13.5% |
| 7/30/2025 | -1.8% | -7.7% | 4.2% |
| 4/30/2025 | 2.4% | 8.5% | 7.8% |
| 2/5/2025 | -1.1% | -4.5% | -12.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 13 |
| # Negative | 11 | 11 | 8 |
| Median Positive | 2.4% | 6.1% | 7.2% |
| Median Negative | -4.3% | -4.5% | -6.0% |
| Max Positive | 8.2% | 9.0% | 13.5% |
| Max Negative | -9.7% | -17.3% | -12.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 1.3% | 6.1% | |
| 7/28/2026 | -0.8% | -0.2% | -2.7% |
| 4/28/2026 | -6.1% | -5.9% | -5.6% |
| 2/4/2026 | 4.6% | 7.4% | -2.8% |
| 10/30/2025 | 2.9% | 7.0% | 13.5% |
| 7/30/2025 | -1.8% | -7.7% | 4.2% |
| 4/30/2025 | 2.4% | 8.5% | 7.8% |
| 2/5/2025 | -1.1% | -4.5% | -12.0% |
| 10/30/2024 | -7.3% | 7.4% | 4.5% |
| 7/31/2024 | -9.7% | -17.3% | -4.6% |
| 5/1/2024 | 8.2% | 3.9% | 7.2% |
| 2/1/2024 | -8.3% | -12.0% | -10.8% |
| 10/25/2023 | 4.6% | 3.7% | 11.4% |
| 7/26/2023 | 7.4% | 9.0% | 10.8% |
| 5/1/2023 | -6.5% | -6.9% | -8.6% |
| 1/25/2023 | -1.2% | -1.1% | 10.1% |
| 10/25/2022 | 1.5% | 5.5% | 11.9% |
| 8/1/2022 | -1.8% | 4.8% | 5.6% |
| 4/27/2022 | -4.3% | -0.4% | -6.5% |
| 1/27/2022 | 1.7% | 0.5% | 1.5% |
| 10/25/2021 | 0.6% | -1.0% | 1.3% |
| 8/16/2021 | 0.1% | -0.5% | 3.0% |
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 13 |
| # Negative | 11 | 11 | 8 |
| Median Positive | 2.4% | 6.1% | 7.2% |
| Median Negative | -4.3% | -4.5% | -6.0% |
| Max Positive | 8.2% | 9.0% | 13.5% |
| Max Negative | -9.7% | -17.3% | -12.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 09/15/2021 | 10-Q |
Insider Activity
Updated 11/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ruhl, Joseph A | Reg Pres, Westchester County | Direct | Sell | 11052026 | 40.27 | 1,923 | 77,439 | 1,323,232 | Form |
| 2 | Rooney, Stephen | SVP, Chief Credit Officer | Direct | Sell | 8042026 | 38.71 | 1,500 | 58,065 | 333,138 | Form |
| 3 | Sousa, Gregory | EVP and Deputy CLO | Direct | Sell | 8032026 | 38.75 | 1,882 | 72,928 | 409,665 | Form |
| 4 | Sousa, Gregory | EVP and Deputy CLO | Direct | Sell | 8032026 | 38.75 | 1,165 | 45,144 | 482,592 | Form |
| 5 | Gilfeather, Michael J | President and CEO | IRA | Buy | 3232026 | 31.25 | 200 | 6,250 | 512,498 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ruhl, Joseph A | Reg Pres, Westchester County | Direct | Sell | 11052026 | 40.27 | 1,923 | 77,439 | 1,323,232 | Form |
| 2 | Rooney, Stephen | SVP, Chief Credit Officer | Direct | Sell | 8042026 | 38.71 | 1,500 | 58,065 | 333,138 | Form |
| 3 | Sousa, Gregory | EVP and Deputy CLO | Direct | Sell | 8032026 | 38.75 | 1,882 | 72,928 | 409,665 | Form |
| 4 | Sousa, Gregory | EVP and Deputy CLO | Direct | Sell | 8032026 | 38.75 | 1,165 | 45,144 | 482,592 | Form |
| 5 | Gilfeather, Michael J | President and CEO | IRA | Buy | 3232026 | 31.25 | 200 | 6,250 | 512,498 | Form |
| 6 | Dineen, David P | SVP, Dir. Wealth Services | Direct | Sell | 12152025 | 28.81 | 1,000 | 28,806 | 236,613 | Form |
| 7 | Gilfeather, Michael J | President and CEO | Direct | Buy | 11032025 | 24.02 | 1,300 | 31,226 | 2,565,048 | Form |
| 8 | Gilfeather, Michael J | President and CEO | IRA | Buy | 11032025 | 24.02 | 350 | 8,407 | 389,124 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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