Orange County Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 29, 2019
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Orange County Bancorp, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced net income was USD 7.552 million compared to USD 2.351 million a year ago. Basic earnings per share was USD 1.87 compared to USD 0.6 a year ago.
Orange County Bancorp, Inc. is a bank holding company. Through its subsidiaries, Orange Bank & Trust Company, a New York state-chartered trust company (the Bank) and Hudson Valley Investment Advisors, Inc., a investment advisor (HVIA), the Company offers full- service commercial and consumer banking products and services and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments and individuals in the Lower Hudson Valley region, the New York metropolitan area and nearby markets in Connecticut and New Jersey. Its segments include Banking Business and Wealth Management. The Banking Business segment involves the delivery of loan and deposit products to its customers through the Bank. The Wealth Management segment, which includes asset management and trust services to individuals and institutions through HVIA and the Bank, which provides trust and investment management fee income in its wealth management business segment.