secwatch.observer — SEC 8-K summary
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Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000943374-23-000318
Event type: earnings
Sentiment:  positive
Materiality: 0.75
LLM model:  deepseek-v4-flash:cloud@v2

Orange County Bancorp Q2 net income jumps 331% to $9.1M; EPS $1.61 vs $0.38
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- Net income $9.1M for Q2 2023 vs $2.1M in Q2 2022; diluted EPS $1.61 vs $0.38.
- Total loans grew 9.2% to $1.7B; total deposits rose 8.3% to $2.1B, from year-end 2022.
- Non-performing loans improved to 0.32% of total loans, down from 0.54% at Dec 31, 2022.
- Net interest margin expanded to 3.81% from 3.14% a year ago; efficiency ratio improved to 55.8%.
- Tangible book value per share increased 7.7% to $25.08; trust and advisory income up 10% to $2.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000094337423000318/0000943374-23-000318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000094337423000318/form8k_072623.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000318

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer