Orange County Bancorp, Inc. · NASDAQ:OBT
Orange County Bancorp — Q3 2025 Earnings Presentation
30 slides from Orange County Bancorp's earnings presentation, Nov 10, 2025
Slide 1: Results for the Third Quarter, 2025
INVESTOR Presentation November 2025 Results for the Third Quarter, 2025
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer Forward - Looking Statements This presentation and any other written or oral statements made by us from time to time may contain forward - looking statements w ithin the meaning of the Private Securities Litigation Reform Act of 1995, which may be identified by t
Slide 3: Management Team
• Mr. Sousa became Chief Lending Officer of the Bank in July 2024 after serving as Executive Vice President and Chief Commercial Banking Officer since 2020. • Prior to joining the Bank, Mr. Sousa served as SVP and Branch Administrator at Hudson Valley Bank. Greg Sousa EVP and Chief Lending Officer M
Slide 4: Investment Highlights
Investment Highlights 4 1) For the quarter ended September 30, 2025. Source: S&P Capital IQ Pro. Strong and Experienced Management Team Successful and Ongoing Expansion of Market Footprint Highly Attractive Market Geography and Scarcity Value of Franchise Ability to Take Advantage of M&A Driven Mark
Slide 5: Franchise Overview
Franchise Overview 5 1) There are 2 branches located in Middletown and 2 branches located in the Bronx. Source: S&P Capital IQ Pro. Background ▪ Successfully completed IPO and NASDAQ listing in August 2021 ▪ Bank was established in 1892 and has operated successfully for over 133 years ▪ Headquartere
Slide 6: Franchise Located in Highly Attractive Markets
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Slide 7: Structure & Scope: Balanced, Client-Driven Business Model
Structure & Scope Balanced, Client - Driven Business Model 7 Business Banking Orange Wealth Management • 17 branches and LPOs • Focus on small to medium size businesses, professionals, and non - profit entities in the communities served • Seasoned lenders with significant regional and industry exper
Slide 8: Competitive Strengths
Competitive Strengths 8 1) Local peers include NASDAQ, NYSE and NYSEAM traded U.S. banks and thrifts in the NYC MSA with total assets less than $50 bill ion as of 3Q 2025. Excludes merger targets and mutuals. Values reflect median of peer data for respective metrics. Note: Financial data as of Septe
Slide 9: Business Strategy
Business Strategy 9 Note: Financial data as of September 30, 2025 unless otherwise noted. Course: Company filings, S&P Capital IQ Pro. Leverage Relationships to Drive Organic Growth Derive Loan Growth Through Relationship - Based Model Continue to Grow Core Deposit Franchise Continue to Build Fee -
Slide 10: Transformation, Significant Growth and Expansion
<7' <7' Transformation, Significant Growth and Expansion 10 Significant Investments in People, Systems and Footprint Expansion… … Has Led to Enhanced Profitability and Peer Outperformance FTE Count Best in Class Profitability Return on Average Assets (%) Noninterest Expense ($M) 1) Non - GAAP financ
Slide 11: Consistent History of Growth
<7' <7' <7' <7' Consistent History of Growth 11 Note: Financial data as of the nine months ended September 30, 2025 unless otherwise noted. Data as of December 31 for respec tiv e years. Source: Company filings, S&P Capital IQ Pro. Current Success is Attributed to Disciplined Organic Growth Gross Lo
Slide 12: Strong and Consistent Historical Profitability
<7' <7' 2%7 /RFDO3HHUV ñ Strong and Consistent Historical Profitability 12 Net Interest Margin (%) Net Income ($M) Pre - Provision Net Revenue ($M) ROAA and ROAE (%) Success Maintaining Strong Profitabilit y Metrics 1) Local peers include NASDAQ, NYSE and NYSEAM traded U.S. banks and thrifts in the
Slide 13: Stable Regulatory Capital Position
<7' <7' <7' <7' Stable Regulatory Capital Position 13 1) Non - GAAP financial metric. See slides 29 and 30 for applicable reconciliation 2) Bank level Call Report data. Note: Financial data for the nine months ended September 30, 2025 unless otherwise noted. Data as of December 31 for respecti ve ye
Slide 14: Diversified Revenue Sources
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Slide 15: Loan Composition
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Slide 16: Overview of Commercial Real Estate Portfolio
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Slide 17: Overview of Multifamily Portfolio
Overview of Multifamily Portfolio 17 Note: Financial data as of September 30, 2025. Source: Company documents. Multifamily Portfolio Detail Multifamily Portfolio Geographic Composition Weighted Average LTV 60.8% Average Loan Size $2.47 Million % of Total Multifamily Portfolio Portfolio Characteristi
Slide 18: Overview of CRE Office Portfolio
Overview of CRE Office Portfolio 18 Note: Financial data as of September 30, 2025. Source: Company documents. Office Portfolio Overview % of Total Office Portfolio Portfolio Characteristic 1.7% % of Portfolio in the Bronx and Queens None % of Portfolio in Manhattan 0.0% % Maturing in 2025 12.5% % Ma
Slide 19: Overview of C&I Portfolio
2UDQJH :HVWFKHVWHU 2WKHU %HUJHQ 5RFNODQG 1DVVDX 2WKHU1< &RXQWLHV 2WKHU1- &RXQWLHV Overview of C&I Portfolio 19 Note: Financial data as of September 30, 2025. Source: Company documents. C&I Portfolio Geographic Composition C&I Portfolio by Industry Total C&I: $243 Million Total C&I: $ 243 Million Sig
Slide 20: Credit Quality
Credit Quality 20 1) Local peers include NASDAQ, NYSE and NYSEAM traded U.S. banks and thrifts in the NYC MSA with total assets less than $50 bill ion as of 3Q 2025. Excludes merger targets and mutuals. Values reflect median of peer data for respective metrics. Note: Financial data as of or for the
Slide 21: Leading Core Deposit Franchise
$YJ )HG)XQGV5DWH 2%7 /RFDO3HHUV ó Leading Core Deposit Franchise Areas of Focus Keys to Success x Dedicated deposit relationship managers x Investment into customer experience/cash management product suite x Obtain deposit relationships at loan origination Escrow x Attractive DDA capture Municipal D
Slide 22: Liquidity Overview
Liquidity Overview 22 Note: Financial data as of September 30, 2025 unless otherwise noted. Source: Company filings. Strong Recent Deposit Growth and Significant Borrowing Capacity • Borrowings consist of both short - term and long - term borrowings and provide the Company with one of its sources of
Slide 23: Conservatively Managed Securities Portfolio
8 6 *RYHUQPHQW $JHQFLHV 0RUWJDJH EDFNHG 6HFXULWLHV &RUSRUDWH 6HFXULWLHV 0XQLFLSDO 6HFXULWLHV Conservatively Managed Securities Portfolio 23 Note: Financial data as of September 30, 2025. Source: Company documents, Company filings. ▪ $ 426.6 million in securities, primarily concentrated in mortgage -
Slide 24: Interest Rate Sensitivity
At September 30, 2025 Change in Interest Rates Net Interest Income Year 1 Change (basis points)² Year 1 Forecast Base Case (Dollars in thousands) Shock Up 200 bps 114,876 4,792 Shock Up 100 bps 112,683 2,599 Base 110,084 - Shock Down 100 bps 107,073 (3,011) Shock Down 200 bps 104,163 (5,921) Interes
Slide 25: Tangible Common Equity & Capital Management
4 4 4 4 Tangible Common Equity & Capital Management 25 Tangible Common Equity Ratio¹ Capital Overview 1) Non - GAAP financial metric, see slides 29 and 30 for applicable reconciliation. 2) Local peers include NASDAQ, NYSE and NYSEAM traded U.S. banks and thrifts in the NYC MSA with total assets less
Slide 26: 2025 Trends and Company Highlights
2025 Trends and Company Highlights 26 Continued High Performance During Turbulent Industry Period x Consistent growth and compelling financial performance, maintaining a net interest margin above peers and outperforming on ROAA and ROAE 1 x Highly successful deposit gathering strategy maintains a lo
Slide 27: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet 27 As of the Year Ended December 31, As of the 9-Months 2021 2022 2023 2024 Ended Sept. 30, 2025 Assets Cash and due from banks $306,179 $86,081 $147,383 $150,334 $189,880 Investment securities — available-for-sale 464,797 533,461 489,948 443,775 426,631 Restric
Slide 28: Consolidated Historical Income Statement
Consolidated Historical Income Statement 28 1) Non - GAAP financial metric. See slides 29 and 30 for applicable reconciliation. Note: Dollars in thousands, except per share amounts. Source: Company filings. For the Year Ended December 31, For the 9-Months 2021 2022 2023 2024 Ended Sept. 30, 2025 Int
Slide 29: Tangible Common Equity Ratios
Tangible Common Equity Ratios As of the Year Ended December 31, As of the 9-Months 2021 2022 2023 2024 Ended Sept. 30, 2025 Total Common Equity $182,836 $138,138 $165,376 $185,531 $270,120 Goodwill 5,359 5,359 5,359 5,359 5,359 Other Intangibles 1,678 1,392 1,107 821 607 Less: Total Intangible Asset
Slide 30: Tangible Common Equity Ratios (Quarterly)
Tangible Common Equity Ratios (Quarterly) As of the Quarter Ended June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 September 30, 2025 Total Common Equity $177,544 $193,094 $185,531 $201,324 $270,120 Goodwill 5,359 5,359 5,359 5,359 5,359 Other Intangibles 964 892 821 750 607 Less: T
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