secwatch.observer — SEC 8-K summary
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Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0000943374-25-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
LLM model:  deepseek-v4-flash:cloud@v2

Q4 net income falls 11.8% YoY to $7.2M; full-year EPS $2.47 vs $2.62
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- Q4 net income $7.2M ($0.63 diluted EPS) vs $8.1M ($0.72) prior year; FY net income $27.9M ($2.47) vs $29.5M ($2.62).
- Non-interest expense rose 25.4% to $18.5M in Q4, partly due to a fraudulent incident at a branch and non-performing loan charges.
- Net interest income grew 3.8% for FY to $91.8M; net interest margin expanded 5bp to 3.83%.
- Trust & investment advisory income up 16.7% in Q4 to $3.3M; wealth AUM grew 12.9% to $1.78B.
- Non-performing loans increased to $6.3M (0.35% of total loans) from $4.4M, driven by one CRE participation loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000094337425000053/0000943374-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000094337425000053/form8k_020525.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000053

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