The EPS beat and NIM expansion are positive, but watch for rising non-performing loans (up 74% from Dec 2025) and the planned residential loan exit, which may pressure future loan growth.
Price Chart
Executive Summary
Orange County Bancorp reported Q3 2026 EPS of $0.93, beating the $0.82 consensus by 13.4%, and revenue of $36.2M (interest income) above the $33.5M estimate. Net income rose 24.6% YoY to $12.5M, driven by net interest margin expansion to 4.45% and lower provision expenses, though non-interest income declined 20.8% due to prior-year BOLI benefits.
Key Financial Metrics
Key Facts
- Q3 2026 EPS $0.93 vs consensus $0.82 (beat by 13.4%)
- Net income $12.5M, up 24.6% YoY from $10.0M
- Net interest margin expanded 19 bps to 4.45% from 4.26%
- Total deposits grew $56M to $2.4B, reducing reliance on brokered deposits
- Non-interest income fell 20.8% to $5.4M due to $1.2M prior-year BOLI benefit
- Provision for credit losses dropped to $809K from $3.9M YoY
- Non-performing loans increased to $19.4M (0.98% of total loans) from $11.1M
- Book value per share rose 8.3% to $23.04 from $21.27 at Dec 2025
Financial Impact
EPS beat of $0.11 (13.4%) on $2.7M revenue beat; net income up $2.5M YoY
Risk Factors
- Non-performing loans increased to $19.4M from $11.1M, with a commercial real estate participation loan in bankruptcy
- Non-interest income declined 20.8% YoY, partly due to one-time prior-year BOLI benefit
- Wealth management AUM fell 13% to $1.6B, though trust income rose
- Planned residential loan exit may reduce loan portfolio size and interest income
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390784 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 2d ago | Press Release | $38.58 $38.69 | ▲ +0.29% | ▲ +2.06% | $38.69 (+0.29%) |
Oct 27, 2026 3d ago | SC 13G/A | $38.10 $38.58 | ▲ +1.26% | ▲ +1.64% | $38.69 (+1.55%) |
Aug 5, 2026 12w ago | Insider Cluster | $38.89 $38.39 | ▼ −1.29% | ▼ −1.13% | $38.69 (−0.51%) |
Jul 28, 2026 13w ago | Press Release | $38.57 $37.77 | ▼ −2.07% | ▼ −3.75% | $38.69 (+0.31%) |
May 22, 2026 23w ago | 8-K | $34.27 $33.89 | ▼ −1.13% | ▼ −1.14% | $38.69 (+12.88%) |
Apr 28, 2026 26w ago | 8-K | $33.86 $33.92 | ▲ +0.18% | ▼ −0.85% | $38.69 (+14.28%) |
US Market Status
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