Orange County Bancorp Q1 EPS $1.65 Beats $1.35 Estimate
Portfolio Pulse from Benzinga Newsdesk
Orange County Bancorp (NASDAQ:OBT) reported Q1 earnings of $1.65 per share, surpassing the analyst consensus estimate of $1.35 by 22.22% and marking a 28.91% increase from last year's $1.28 per share.
May 01, 2024 | 9:30 pm
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Orange County Bancorp reported a significant earnings beat for Q1, with earnings of $1.65 per share exceeding estimates by 22.22% and showing a 28.91% increase from the previous year.
The substantial beat on earnings estimates and the significant year-over-year growth indicate strong financial health and operational efficiency. This performance is likely to instill investor confidence and could lead to a positive short-term impact on OBT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100