secwatch.observer — SEC 8-K summary
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Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000943374-23-000427
Event type: earnings
Sentiment:  positive
Materiality: 0.70
LLM model:  deepseek-v4-flash:cloud@v2

Orange County Bancorp Q3 net income up 15.1% to $9.0M; EPS $1.61
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- Net income of $9.0M ($1.61 EPS) vs $7.9M ($1.40) a year ago; net interest margin improved to 3.78%.
- Total assets reached $2.5B (+7.0% from year-end 2022); loans grew 8.8% to $1.7B; deposits rose 6.6% to $2.1B.
- Trust & investment advisory income up 15% to $2.6M; provision for credit losses fell to $837K from $2.1M.
- Book value per share $25.49 (+4.1% vs Dec 2022); tangible book value $24.34.
- Bank maintained well-capitalized status; Tier 1 capital ratio 9.26%; non-performing loans 0.56% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000094337423000427/0000943374-23-000427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000094337423000427/form8k_102523.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000427

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