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what it is
Orange County Bancorp makes money by taking deposits, making loans, and managing money for wealthy local clients and institutions.
how it gets paid
Last year Orange County Banc made $135M in revenue. commercial real estate lending was the main engine at $54.0M, or 40% of sales.
why it's growing
Revenue grew 6.1% last year. That is 189% revenue growth and 219% EPS growth vs. prior year from the supplied EDGAR figures.
what just happened
The latest quarter showed $100M in revenue and $2.39 EPS, according to EDGAR data provided here.
At a glance
B+ balance sheet — decent shape, but not bulletproof
9.8x trailing p/e — the market's not buying it — or you found a deal
2.4% dividend yield — cash in your pocket every quarter
$2.47 fy2024 eps est
$6M fy2024 rev est
xvary composite: 64/100 — average
What they do
Orange County Bancorp makes money by taking deposits, making loans, and managing money for wealthy local clients and institutions.
This bank wins the old-fashioned way: it is physically close to its customers, with 17 locations across four New York counties and 225 employees, per the company profile. If you run a local business or town government, your lender, deposit team, and advisor can all be nearby. That relationship machine already supports $1.9 billion of client assets held in fiduciary or agency accounts.
How they make money
$135M
annual revenue · their business grew +6.1% last year
commercial real estate lending
$54.0M
commercial and industrial lending
$33.8M
residential and multifamily mortgages
$27.0M
wealth management and trust
$14.1M
deposit and service fees
$6.1M
The products that matter
business loans and deposits
Commercial Banking
$121M · 90% of revenue
it's the engine. commercial real estate, construction, and business lending sit inside the $121M banking segment, so this is where most of your earnings risk lives.
core earnings driver
advisory and asset management
Wealth Management
$14.1M · 10% of revenue
it manages $1.4B in client assets and produced $14.1M last year. that's useful fee income, but not enough to carry the bank on its own.
$1.4B client assets
consumer deposits and mortgages
Consumer Banking
part of the $121M banking segment
consumer banking is smaller than the commercial book, but deposits fund the whole machine. in a $135M revenue bank, funding costs move the story fast.
funding base
Key numbers
9.8x
trailing p/e
P/E → price divided by earnings → what you pay for each dollar of profit. So what: you are paying under 10 times earnings for a profitable bank.
$30M
long-term debt
Long-term debt → borrowed money due later → balance-sheet pressure. So what: debt is just $30M, or 7% of capital, which looks light next to a $408M market cap.
$1.9B
client assets
Assets under administration → customer money the firm oversees → sticky relationships and fee opportunities. So what: the advisory side is larger than the stock market value by more than 4 times.
2.4%
dividend yield
Dividend yield → cash paid to shareholders each year as a share of the stock price → real return while you wait. So what: you get paid some patience money.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 2 — safer than 80% of stocks
- price stability 45 / 100
- long-term debt $30M (7% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for OBT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The latest quarter showed $100M in revenue and $2.39 EPS, according to EDGAR data provided here.
That is 189% revenue growth and 219% EPS growth vs. prior year from the supplied EDGAR figures. The quarterly EPS history in the base dataset is lower, so your takeaway is simple: results improved, but the source set is messy and you should treat the quarter with caution.
$100M
revenue
$2.39
eps
189%
vs. last year revenue growth
the number that mattered
$100M matters most because it is nearly 74% of the full-year $135M revenue base, which tells you the reported quarter was unusually large relative to the annual run rate.
source: EDGAR figures provided in prompt, 2026
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What could go wrong
OBT's biggest risk is mistaking a local lender for a fee-income transformation story. The numbers still say bank first: $121M of $135M revenue comes from banking.
high
an earnings miss hits the multiple fast
The stock trades at 10.3x forward earnings based on a $2.47 EPS estimate. If that estimate resets lower, the valuation story gets worse before the business does.
The catch: 9.8x trailing earnings looks cheap only if the forward number holds.
med
commercial real estate matters more than the slogan
The core banking segment includes commercial real estate and construction loans. Small banks do not need many problem credits to take over the quarter.
At a $408M market cap, one messy asset-quality update can dominate the conversation.
med
wealth management is too small to rescue a bad bank quarter
The unit manages $1.4B in client assets, but it produced $14.1M of $135M revenue. Helpful diversifier. Not a shock absorber big enough to offset a real lending slowdown.
If banking stumbles, the fee business softens the blow. It does not change the plot.
low
thin coverage leaves you doing more of the work
Published analyst target data is thin here. That is normal for a small-cap bank, but it means price discovery can get sloppy when one view changes.
No 3–5 year target data means you are underwriting the business, not following a crowd.
With roughly 90% of revenue tied to banking, the clean version is this: if loan growth or loan quality cracks, the wealth arm is too small at $14.1M to carry the story.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next catalyst
Q1 2026 earnings release
The next report is due in May 2026. Watch whether EPS keeps pacing ahead of the $2.47 full-year bar.
loan book
commercial real estate and construction detail
The 10-K is where the real risk lives. If you own OBT, this exposure matters more than any marketing line about diversification.
mix shift
wealth revenue versus client assets
$1.4B in client assets produced $14.1M of revenue. If that revenue line grows faster than banking again, the fee-income story gets more real.
capital return
dividend coverage
The payout is $0.18 a quarter and the stock yields 2.4% at $29.74. It looks covered, but nobody buys this name for yield alone.
Analyst rankings
risk profile
above average
risk rank 2 — safer than roughly 80% of stocks.
chart momentum
average
momentum rank 3 — the stock is moving with the broader market, no unusual signal.
source: institutional data
Institutional activity
institutional ownership data for OBT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$30
current price
n/a
target midpoint · n/a from current
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