Loading...
•
Mar 31, 2022
Orange County Bancorp Q1 2022 Earnings Report
Net income increased and loan portfolio grew.
Key Takeaways
Orange County Bancorp reported a net income increase of 6.1% year-over-year, reaching $5.3 million for Q1 2022. The average loan portfolio grew by 16.7%, and trust and asset management revenues increased by 3.1%.
Net income for Q1 2022 increased $305 thousand, or 6.1%, over Q1 2021 to $5.3 million
Average loans (net of PPP) for Q1 2022 increased approximately 16.7%, to over $1.3 billion from $1.1 billion for Q1 2021
Average demand and money market deposits for Q1 2022 rose 25.5%, to $1.0 billion, from $801 million for Q1 2021
Trust and asset advisory business revenue increased 3.1%, to almost $2.4 million, for Q1 2022 as compared to the same quarter in 2021
Revenue by Segment
Forward Guidance
Company does not guarantee to repeat results in the face of ongoing rate increases or an economic slowdown.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...