The sharp increase in non-performing loans (from 0.57% to 1.34% of total loans) due to a single CRE participation loan bankruptcy is the key risk to monitor. While core banking metrics (NIM, deposit growth, net interest income) remain strong, the credit quality deterioration and wealth management AUM decline create a mixed picture. Watch for updates on the resolution of the non-performing CRE loan and any further AUM recovery in subsequent quarters.
Price Chart
Executive Summary
Orange County Bancorp reported record first quarter 2026 net income of $11.3 million ($0.85 per share), up 29.6% YoY from $8.7 million ($0.77 per share). Net interest margin expanded 45 bps to 4.40%, driven by lower deposit costs and higher loan yields. However, non-performing loans surged to $26.1 million (1.34% of total loans) from $11.1 million (0.57%) at year-end 2025, driven by a single commercial real estate participation loan whose parent company filed for bankruptcy, and wealth management AUM declined 13% sequentially.
Key Financial Metrics
Key Facts
- Net income of $11.3M for Q1 2026, up 29.6% YoY from $8.7M
- EPS of $0.85, up 10.4% YoY from $0.77
- Net interest margin expanded 45 bps to 4.40% from 3.95%
- Net interest income rose 18.1% to $27.9M from $23.6M
- Total deposits grew $39.4M (1.7%) to $2.4B from year-end 2025
- Non-performing loans surged to $26.1M (1.34% of loans) from $11.1M (0.57%) at Dec 31, 2025
- Wealth Management AUM fell 13.0% to $1.6B from $1.9B at Dec 31, 2025
- Provision for credit losses was a net recovery of $436K vs expense of $202K in Q1 2025
- Book value per share grew 2.3% to $21.75 from $21.27
- Non-interest expense increased 8.7% to $17.9M from $16.5M
Financial Impact
Net income +$2.6M YoY; NIM +45bps; NPLs +$15.0M; Wealth AUM -$244.6M
Risk Factors
- Credit quality deterioration: NPLs more than doubled to $26.1M, driven by a CRE participation loan with parent company bankruptcy
- Wealth Management AUM declined 13% sequentially due to equity market volatility and divisional restructuring
- Non-interest expense growth of 8.7% YoY outpacing non-interest income decline of 4.1%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000943374-26-000176 |
| Document: form8k_042826.htm | 0000943374-26-000176 |
| Document: 0000943374-26-000176-index-headers.html | 0000943374-26-000176 |
| Document: 0000943374-26-000176-index.html | 0000943374-26-000176 |
| Document: 0000943374-26-000176.txt | 0000943374-26-000176 |
| 8-K Data (Synthetic) | 0000943374-26-000176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $38.43 | awaiting T+20 | — | $38.45 (+0.05%) |
Aug 5, 2026 11w ago | Insider Cluster | $38.89 $37.77 | ▼ −2.88% | ▼ −2.28% | $38.45 (−1.13%) |
Jul 28, 2026 13w ago | Press Release | $38.57 $37.82 | ▼ −1.94% | ▼ −6.96% | $38.45 (−0.31%) |
May 22, 2026 22w ago | 8-K | $34.27 $36.91 | ▲ +7.69% | ▲ +9.64% | $38.45 (+12.18%) |
Apr 28, 2026 26w ago | 8-K | $33.86 $34.07 | ▲ +0.62% | ▼ −5.43% | $38.45 (+13.57%) |
US Market Status
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