Orange County Bancorp, Inc. reported record financial results for the third quarter of 2026, filing an 8-K with the SEC on October 28, 2026. The parent company of Orange Bank & Trust Co. and Orange Investment Advisors, Inc. announced net income of $12.5 million for the three months ended September 30, 2026. This figure represents a $2.5 million increase, or 24.6%, compared to the same period in the prior year.
For the nine months ended September 30, 2026, the company recorded net income of $37.4 million, an increase of $8.2 million, or 28.3%, compared to $29.2 million for the same period in 2025. Earnings per share rose to $0.93 for the third quarter of 2026, up from $0.75 in the prior year, while the year-to-date figure reached $2.80 per share.
The company reported a net interest margin of 4.45% for the third quarter of 2026, an increase of 19 basis points from the same period in 2025. Total deposits grew by $56.0 million, or 2.4%, to $2.4 billion as of September 30, 2026. Total loans, including loans held-for-sale, were $2.0 billion at the end of the quarter, up from $1.9 billion in the prior year.
Non-interest income decreased to $5.4 million for the third quarter of 2026, down 20.8% from $6.8 million in the prior year. This decline was attributed to a $1.2 million decrease in bank-owned life insurance income from the prior year and a reduction in investment advisory income. Conversely, non-interest expense increased to $17.2 million for the third quarter, a rise of 2.3% from the prior year, driven by investments in technology and marketing platforms.
Book value per share grew to $23.04 at September 30, 2026, an increase of $1.77 from December 31, 2025. Tangible book value per share also increased to $22.62, up $1.79 from the prior year-end. The provision for credit losses for the third quarter of 2026 was $809,000, a significant reduction from the $3.9 million recorded in the prior year.
