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OBT - Public offerings
Orange County Bancorp Inc. (OBT) public offerings - real-time wire coverage filtered to Offerings only.
Recent Offerings for OBT
- Orange County Bancorp, Inc. Announces Record Earnings for Fiscal 2025Net Income increased $13.7 million, or 49.3%, to $41.6 million for the year ended December 31, 2025, from $27.9 million for the year ended December 31, 2024Net Interest Margin grew 35 basis points to 4.18% for the year ended December 31, 2025, from 3.83% for the year ended December 31, 2024Net Interest Margin also grew 66 basis points to 4.44% for the quarter ended December 31, 2025, from 3.78% for the quarter ended December 31, 2024Total Loans increased $134.5 million, or 7.4%, to $2.0 billion at December 31, 2025 as compared to $1.8 billion at December 31, 2024Total Deposits increased $157.0 million, or 7.3%, to $2.3 billion at December 31, 2025, from $2.2 billion at year-end 2024Book valu
- Orange County Bancorp, Inc. Announces Record Third Quarter 2025 ResultsNet Income rose $6.8 million, or 211.5%, to $10.0 million for the quarter ended September 30, 2025 as compared to $3.2 million for the quarter ended September 30, 2024Net Interest Income increased $4.0 million, or 17.3%, to $27.0 million for the quarter ended September 30, 2025, from $23.0 million for the quarter ended September 30, 2024Net Interest Margin grew 45 basis points to 4.26% for the quarter ended September 30, 2025, as compared to 3.81% for the quarter ended September 30, 2024Total Loans grew $119.9 million, or 6.6%, reaching $1.9 billion at September 30, 2025, as compared to $1.8 billion at December 31, 2024.Total Deposits rose $125.5 million, or 5.8%, to $2.3 billion at Septembe
- Orange County Bancorp, Inc. Announces Record Second Quarter 2025 EarningsNet Income increased $2.3 million, or 27.4%, to $10.5 million for the quarter ended June 30, 2025 from $8.2 million for the quarter ended June 30, 2024Net Interest Income grew $1.0 million, or 4.2%, to $25.1 million for the quarter ended June 30, 2025, as compared to $24.1 million for the quarter ended June 30, 2024Total Deposits rose $123.4 million, or 5.7%, to $2.3 billion at June 30, 2025, from $2.2 billion at year-end 2024Total Loans increased $102.1 million, or 5.6%, to $1.9 billion at June 30, 2025, from $1.8 billion at year-end 2024Book value per share increased $2.55, or 15.6%, to $18.90 at June 30, 2025, from $16.35 at December 31, 2024Trust and investment advisory income rose 14.8%
- Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common StockMIDDLETOWN, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Company, (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 258,064 shares of common stock at the public offering price of $23.25 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting other expenses payable by the Company, ar
- Orange County Bancorp, Inc. Announces Pricing of Public Offering of Common StockMIDDLETOWN, N.Y., June 03, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Company, (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced the pricing of an underwritten public offering of 1,720,430 shares of its common stock at a price of $23.25 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 258,064 shares of common stock. The aggregate gross proceeds of the offering will be approximately $40.0 million before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional shares, the aggregate gross proceeds o
- Orange County Bancorp, Inc. Launches Public Offering of Common StockMIDDLETOWN, N.Y., June 03, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (NASDAQ:OBT), parent company of Orange Bank & Trust Company, (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced it launched an underwritten public offering of shares of its common stock. The Company also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock. The Company plans to use the net proceeds from the offering for general corporate purposes, which may include investments in the Bank supporting continued growth, augmenting regulatory capital and liquidity and providing for potential strategic acquisitions. The Company has no cu
- Orange Bank & Trust Company Promotes Anthony Pili to Chief Innovation OfficerMIDDLETOWN, NY / ACCESSWIRE / May 30, 2024 / Orange Bank & Trust Company, an economic engine of New York's business community for more than 132 years, announced that Senior Vice President, Anthony Pili will serve as Chief Innovation Officer, a newly created position responsible for ensuring the Bank remains a leader in providing its clients with the latest in banking technology.Orange Bank & Trust Company Senior Vice President Anthony Pili has been named Chief Innovation Officer."We're delighted to have Anthony guide Orange Bank & Trust's growth in the rapidly evolving banking and financial technology sector," said Michael Gilfeather, Orange Bank & Trust Company President and CEO. "Creating
- Orange County Bancorp, Inc. Announces Record Third Quarter ResultsNet income for Q3 2022 reached a quarterly record $7.9 million, an increase of $2.3 million, or 40.8%, from net income of $5.6 million for Q3 2021, driven primarily by increased net interest income during the quarterTotal assets increased $225.8 million, or 10.5%, to $2.4 billion at September 30, 2022 from $2.1 billion at December 31, 2021Total loans grew $256.3 million, or 19.8%, to $1.5 billion at September 30, 2022 from $1.3 billion at December 31, 2021Total deposits reached $2.2 billion at September 30, 2022, as compared to $1.9 billion at December 31, 2021, an increase of $273.2 million, or 14.3%Provision for loan losses of $2.1 million for Q3 2022 grew from $1.0 million during Q3 2021
- Orange County Bancorp, Inc. Rings Nasdaq Opening Bell to Celebrate One-Year Anniversary of Initial ListingMIDDLETOWN, NY / ACCESSWIRE / August 22, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), rang the Nasdaq opening bell Wednesday in celebration of the first anniversary of its Nasdaq Capital Market listing. Companies listed on the Nasdaq Capital Market must meet strict financial, liquidity and corporate governance requirements, both initially and on an ongoing basis."It's an honor to celebrate our one-year anniversary on the Nasdaq-CM and recognize significant milestones the Company has achieved since, several of which were facilitated by our Nasdaq up listing," said M
- Orange County Bancorp, Inc. Announces Second Quarter ResultsTotal Assets increased $250 million, or 11.7%, to $2.4 billion at June 30, 2022 from $2.1 billion at December 31, 2021Total Loans grew $180 million, or 13.9%, to $1.5 billion at June 30, 2022 from $1.3 billion at December 31, 2021Total Deposits reached $2.2 billion at June 30, 2022, as compared to $1.9 billion at December 31, 2021, representing an increase of $289 million, or 15.1%Net Income for Q2 2022 was $2.1 million, a decrease of $3.1 million, or 59.4%, from net income of $5.2 million for Q2 2021, due to an increase in the provision for loan lossesProvision for Loan Losses of $5.5 million for Q2 2022 increased from $809 thousand in Q2 2021 due to two impaired loan relationships within t
- Orange County Bancorp, Inc. Announces First Quarter ResultsOrange County Bancorp, Inc. Announces First Quarter Results:Net Income for Q1 2022 increased $305 thousand, or 6.1%, over Q1 2021 to $5.3 millionAnnualized return on average assets for Q1 2022 declined 18 basis points to 0.95% as compared to 1.13% for the same quarter in 2021 as a result of the strong deposit growth during the periodAnnualized return on average equity for Q1 2022 declined 307 basis points to 11.87% as compared to 14.94% for the same quarter in 2021 due mainly to the effect of the initial public offering during the second half of 2021Average loans (net of PPP) for Q1 2022 increased approximately 16.7%, to over $1.3 billion from $1.1 billion for Q1 2021Provision for loan losse
- Orange Bank & Trust Promotes Anthony Pili to Senior Vice PresidentMIDDLETOWN, NY / ACCESSWIRE / March 23, 2022 / The Board of Directors and President and CEO Michael Gilfeather of Orange Bank & Trust Company are pleased to announce the promotion of Anthony Pili, Director of Cash Management, to Senior Vice President.Mr. Pili joined Orange Bank & Trust in 2018 with more than 15 years' experience in the banking and finance industry. He was hired as 1st Vice President, Director of Cash Management, to assess, plan and manage the efficient utilization of cash management products and financial services to best serve the Bank's commercial clients. In 2020, Mr. Pili assumed responsibility for the Bank's Marketing Department in advance of its initial public offering
- Orange County Bancorp, Inc. Announces Record Earnings for 2021Net Income for full year 2021 increased $9.6 million, or 82.1%, to a record $21.3 millionReturn 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 billionProvision for loan losses of $545 thousand for Q4 2021 declined 67.7% year-over-year due to stabilizing credit trends and characteristics within the portfolioAverage demand and money market deposits for Q4 2021 grew 25.8% year-over-year to $949.3 millionTotal Assets grew $476.1 million, or 28.6%, from year-end 2020 to $2.1 bi
- Orange County Bancorp, Inc. Announces Record Third Quarter 2021 ResultsOrange County Bancorp, Inc. Announces Record Third Quarter 2021 ResultsNet Income for Q3 2021 increased $2.6 million, or 91.4%, to a record $5.6 million versus Q3 2020Return on average assets for Q3 2021 rose 35 basis points year-over-year to 1.07%Return on common equity for Q3 2021 rose 6.8%, or 126%, year-over-year to 12.2%Average Loans (net of PPP) for Q3 2021 increased 17.0% year-over-year, to $1.2 billionProvision for loan losses of $1.0 million for Q3 2021 declined 17% year-over-year due to stabilizing credit trendsAverage Demand Deposits for Q3 2021 grew 36.7% year-over-year to $663.8 millionTotal Assets grew $510.3 million, or 30.6%, from year-end 2020 to $2.2 billion at September 30