Orange County Bancorp (OBT) investor relations material

Executive summary

• Achieved record net income of $41.6 million for 2025, up 49.3% year-over-year, with Q4 net income of $12.4 million, a 73.5% increase over Q4 2024.

• Earnings per share rose to $3.33 for the year and $0.93 for Q4, driven by higher net interest and noninterest income, and lower noninterest expense.

• All divisions contributed to growth, with strong performance in lending, deposits, and wealth management.

Financial highlights

• Net interest income for 2025 increased 13.4% to $104.1 million; Q4 net interest income rose 22.8% to $28.3 million.

• Net interest margin expanded to 4.18% for 2025 (up 35 bps) and 4.44% for Q4 (up 66 bps year-over-year).

• Total loans grew 7.4% to $2.0 billion; total deposits rose 7.3% to $2.3 billion.

• Book value per share increased 30.1% to $21.27; tangible book value per share up 31.8% to $20.83.

• Noninterest income for 2025 was $23.2 million, up $7.2 million, including BOLI proceeds, insurance recovery, and a branch sale gain.

• Noninterest expense for 2025 was $67.9 million, up $2.7 million, mainly from growth investments.

Outlook and guidance

• Management expresses confidence in continued growth, citing a strong regional bank strategy and experienced team.

• Cautious underwriting and focus on organic deposit growth to continue amid market volatility.