Welcome to our dedicated page for Orange County Bancorp news (Ticker: $OBT), a resource for investors and traders seeking the latest updates and insights on Orange County Bancorp stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Orange County Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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On May 16, 2024, Orange County Bancorp, the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, declared a $0.23 cash dividend per share of common stock.
The dividend is scheduled for payment on June 14, 2024, to shareholders recorded by June 4, 2024.
Orange County Bancorp, Inc. reported a record net income of $9.3 million for the first quarter of 2024, a 187.6% increase from the same period in 2023. Total deposits grew by 5.4%, reaching $2.2 billion. Trust and investment advisory income rose by 21.6% to $2.9 million. Book value per share increased by 1.9% to $29.81.