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Dec 31, 2021
Orange County Bancorp Q4 2021 Earnings Report
Reported record earnings for 2021, driven by increases in net interest income and non-interest income and a decrease in the provision for loan losses.
Key Takeaways
Orange County Bancorp, Inc. announced record earnings for 2021. For the fourth quarter of 2021, net income was $5.5 million, or $0.97 per basic and diluted share, compared to $3.4 million, or $0.76 per basic and diluted share, for the same period in 2020. The company's loan portfolio increased more than 12%, to $1.3 billion, and its deposit base increased more than 28%, to $1.9 billion.
Net Income for full year 2021 increased $9.6 million, or 82.1%, to a record $21.3 million
Return on average assets for Q4 2021 rose 21 basis points, or 25.9%, year-over-year to 1.02%
Return on average equity for Q4 2021 rose 185 basis points, or 18.1%, year-over-year to 12.08%
Average Loans (net of PPP) for Q4 2021 increased approximately 20% year-over-year, to $1.2 billion
Revenue by Segment
Forward Guidance
The company did not provide any forward guidance in its earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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