Orange County Bancorp Inc. reported record earnings for the second quarter of 2025. Net income increased by $2.3 million, or 27.4%, reaching $10.5 million for the quarter ending June 30, 2025, compared to $8.2 million in the same quarter of 2024. Net interest income rose by $1.0 million, or 4.2%, totaling $25.1 million for the quarter, up from $24.1 million a year earlier. The company also highlighted a significant increase in total deposits, which rose by $123.4 million, or 5.7%, to $2.3 billion as of June 30, 2025, from $2.2 billion at the end of 2024. Total loans increased by $102.1 million, or 5.6%, reaching $1.9 billion at the end of the quarter, up from $1.8 billion at year-end 2024. Book value per share saw a notable increase of $2.55, or 15.6%, to $18.90 at the end of June 2025, compared to $16.35 at December 31, 2024. The company's net interest margin stood at 4.06% for the three months ending June 30, 2025. Orange County Bancorp Inc.'s Wealth Management division experienced nearly 15% growth, contributing $3.4 million in earnings for the current quarter, up from $3.0 million in the same period last year. The division, which includes Trust and Investment Advisory Services, continues to be an important revenue source for the company. No specific forecast or guidance figures were disclosed in the report.
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