OBT

Net Income increased $3.2 million, or 30.6%, to $13.7 million for the quarter ended June 30, 2026, from $10.5 million for the quarter ended June 30, 2025, marking record second quarter earnings Net Interest Margin increased 38 basis points, or 9.4%, to 4.44% for the three months ended June 30, 2026, from 4.06% for the three months ended June 30, 2025 Total Deposits increased $120.8 million, or 5.2%, to $2.4 billion at June 30, 2026, from $2.3 billion at June 30, 2025 Total Loans, including loans held-for-sale, were approximately $2.0 billion at June 30, 2026, from a comparable level at December 31, 2025 and $1.9 billion at June 30, 2025 Earnings per share increased $0.15 per share, or 17.2%, to $1.02 per share for the quarter ended June 30, 2026 from $0.87 per share for the quarter ended June 30, 2025 Book value per share grew $1.60, or 7.5%, to $22.87 at June 30, 2026, from $21.27 at December 31, 2025 MIDDLETOWN, N.Y., July 28, 2026 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors, Inc. (“OIA”), today announced net income of $13.7 million, or $1.02 per basic and diluted share, for the three months ended June 30, 2026. This compares with net income of $10.5 million, or $0.87 per basic and diluted share, for the three months ended June 30, 2025. The increase in earnings per share, basic and diluted, was due primarily to an increase in net interest income, a one-time reduction in deferred tax valuation allowance, and a reduction in provision for credit losses partially offset by a decrease in noninterest income, resulting from the recognition of a valuation loss related to loans held-for-sale, during the period. For the six months ended June 30, 2026, net income reached $24.9 million, or $1.87 per basic and diluted share, as compared to $19.2 million, or $1.64 per basic and diluted share, for the six months ended June 30, 2025. Book value per share grew $1.60, or 7.5%, from $21.27 at December 31, 2025 to $22.87 at June 30, 2026. Tangible book value per share grew $1.61, or 7.7%, from $20.83 at December 31, 2025 to $22.44 at June 30, 2026 (see “Non-GAAP Financial Measure Reconciliation” below for additional detail). These increases were due primarily to earnings growth and included the reclassification of treatment of equity compensation during the six months ended June 30, 2026, as well as reversal of the valuation allowance associated with the deferred tax asset offset by the valuation loss on loans held-for-sale. “I am pleased to announce record second quarter financial results for the Bank led by continued growth of our low-cost deposit base and strength in net interest margin,” said Orange County Bancorp President and CEO Michael Gilfeather. “Our success reflects the unrelenting focus of our organization and ability to navigate challenging financial conditions as we continue to execute our strategic plan.” “For the quarter ended June 30, 2026, the Company earned $13.7 million, an increase of $3.2 million, or 30.6%, over the same quarter last year. Our results reflect strong overall performance, but also a meaningful contribution from a $5.3 million valuation allowance reversal related to our deferred tax asset largely offset by a $4.8 million fair value adjustment to loans held-for-sale. Adjusted for these items, the Company’s net income would have been approximately $12.6 million *. Total loans, including those held-for-sale, increased $23.6 million at quarter end, holding our total loan portfolio relatively flat at $2.0 billion versus year-end 2025. The trajectory of our loan growth has been impacted by unanticipated payoffs aggregating $81.1 million during the first half of 2026 as compared to $28.5 million during the same period last year. Our new loan pipeline remains robust, and we would anticipate these returning to more normal growth levels. The average yield on our loan portfolio was 6.03% for the second quarter of 2026, up 3 basis points from the same period last year. Total deposit growth continued its favorable trend and remains a central element of our success - increasing $120.8 million, or 5.2%, to $2.4 billion at June 30, 2026 from $2.3 billion at December 31, 2025. The bulk of this growth came in core deposits, enabling us to nearly eliminate our use of higher cost broker-sourced deposits or borrowings. Success in our strategic efforts to attract low cost, organically – sourced deposits resulted in an average cost of deposits for the current quarter of 0.96%, down 35 basis points, or 26.6% from Q2 2025 and down 9 basis points or 8.2% versus Q1 2026. This is and will remain a key competitive strength of the Bank. Not surprisingly, reduced deposit costs and increased loan yields resulted in a 38-basis point improvement in net interest margin from 4.06% for the three months ended June 30, 2025 to 4.44% for the quarter just ended. Prepayment fees associated with payoffs of existing loans also contributed to the margin expansion. The combination of our core strength, strong client relationships, low-cost deposit base and robust quality loan pipeline – give us confidence in our ability to deliver strong financial results. Our Wealth Management division also appears to be stabilizing following a pullback related to key staff changes earlier this year. For the three months ended June 30, 2026, Wealth Management earned $3.2 million, down $178 thousand, or 5.2% versus the same quarter last year but down only $51 thousand, or 1.56% versus the prior quarter. Earnings for Wealth Management were impacted by a reduction in assets under management (AUM), primarily due to residual effects from last year’s divisional restructuring. We view Wealth Management as a key component of our business strategy and client value proposition. * See Non-GAAP reconciliation table on p.5. The resiliency of our strategic plan, commitment and professionalism of our employees gives us the tools to manage market challenges, as our second quarter results show. We are proud of our performance and remain optimistic about opportunities ahead. We also remain confident in our ability to respond to evolving market conditions and draw on our experience and expertise to continue to manage risks, support our clients, and pursue compelling business opportunities. I again thank our employees, customers, and shareholders for their continued confidence and support.” Second Quarter and Year to Date 2026 Financial Review Net IncomeNet income for the second quarter of 2026 was $13.7 million, an increase of $3.2 million, or 30.6%, from net income of $10.5 million for the second quarter of 2025. The growth in net income represents a combination of increased net interest income and reduced provision for credit losses, partially offset by reduced non-interest income during the quarter, which included a valuation loss of $4.8 million related to loans held-for-sale. The improvement in the provision for credit losses represents the effect of slower loan growth resulting from accelerated loan repayments combined with lower reserve requirements related to the composition and performance of the loan portfolio and the associated impact of the resolution of certain nonperforming credits. The Company also reversed the valuation allowance associated with the deferred tax asset and recognized additional earnings of approximately $5.3 million. Net income for the six months ended June 30, 2026 was $24.9 million, an increase of $5.8 million, or 30.1%, from net income of $19.2 million for the six months ended June 30, 2025. Net Interest IncomeFor the three months ended June 30, 2026, net interest income rose $3.3 million, or 13.1%, to $28.4 million as compared to $25.1 million during the same period last year reflecting an increase in total interest income of $1.5 million as a result of growth in interest and fees associated with loans and a $2.0 million decrease in total interest expense due to lower interest expense resulting from reduced borrowing costs during the period. For the six months ended June 30, 2026, net interest income reached $56.3 million representing an increase of $7.6 million, or 15.5% compared to the same period last year. Total interest income rose $1.3 million, or 4.0%, to $34.5 million for the three months ended June 30, 2026, compared to $33.2 million for the three months ended June 30, 2025. The increase reflected 5.4% growth in interest and fees associated with loans coupled with increased interest income associated with fed funds and balances held at correspondent banks offset by a net decrease in interest income associated with investment securities. For the six months ended June 30, 2026, total interest income rose $3.8 million, or 5.9%, to $68.9 million as compared to $65.1 million for the six months ended June 30, 2025. Total interest expense decreased $2.0 million during the second quarter of 2026, to $6.1 million, as compared to $8.1 million in the second quarter of 2025. Interest expense associated with savings and NOW accounts totaled $5.3 million during the second quarter of 2026 which was approximately the same as during the second quarter of 2025. Interest expense from FHLB advances and borrowings during the current quarter totaled $134 thousand as compared to $375 thousand during the second quarter of 2025. The decrease was primarily due to lower average balances and costs associated with FHLB borrowings. Interest expense associated with time deposits decreased to $256 thousand for the second quarter of 2026 from $2.2 million for the second quarter of 2025. This decrease represented the impact of lower brokered deposit levels due to increased core deposits over the same time period. Interest expense related to subordinated notes increased and totaled $430 thousand during the second quarter of 2026 as compared to $231 thousand during the second quarter of 2025. During the six months ended June 30, 2026, total interest expense fell $3.7 million, to $12.7 million, as compared to $16.4 million for the same period last year. Provision for Credit LossesProvision for credit losses reflected a net recovery of $1.0 million for the three months ended June 30, 2026 as compared to an expense of $2.1 million for the three months ended June 30, 2025. The 2026 recovery was due primarily to slower loan growth combined with lower reserves associated with the composition of loans closed during the second quarter of 2026. The allowance for credit losses to loans was 1.38% as of June 30, 2026 versus 1.45% as of December 31, 2025 and 1.48% as of June 30, 2025. For the six months ended June 30, 2026, the provision for credit losses reflected a recovery of $1.5 million as compared to a provision of $2.3 million for the six months ended June 30, 2025. No additional reserves for investment securities were recorded during the first six months of 2026 or 2025. Non-Interest IncomeNon-interest income decreased $7.9 million, or 108.3%, to a loss of $607 thousand for the three months ended June 30, 2026 as compared to $7.3 million for the three months ended June 30, 2025. This reduction was related primarily to the recognition of a $4.8 million valuation loss associated with loans held-for sale combined with approximately $2.4 million of income associated with BOLI payments related to insurance death benefits in the prior year and a $1.2 million decrease in gains associated with the sale of a branch location. The Company’s other fee income categories remained relatively flat during the quarter and year to date. For the six months ended June 30, 2026, non-interest income decreased $8.1 million, to $3.6 million, as compared to $11.7 million for the six months ended June 30, 2025. Non-Interest ExpenseNon-interest expense was $17.3 million for the second quarter of 2026, reflecting an increase of $515 thousand, or 3.1%, as compared to $16.8 million for the same period in 2025. The increase in non-interest expense for the current quarter reflected the Company’s investment in growth. This investment consists primarily of increases in compensation, employee benefits, and professional fees. Our efficiency ratio, which is a non-GAAP measurement, increased to 62.1% for the three months ended June 30, 2026, from 51.6% for the same period in 2025. For the six months ended June 30, 2026, our efficiency ratio increased to 58.8% from 55.0% for the same period in 2025. Adjusted for the impact of the valuation loss on loans held-for-sale, the efficiency ratios for the three months ended and the six months ended June 30, 2026 would have been 53.0% and 54.4%, respectively. Non-interest expense for the six months ended June 30, 2026 reached $35.2 million, reflecting a $1.9 million increase over non-interest expense of $33.3 million for the six months ended June 30, 2025. Income Tax ExpenseProvision for income taxes for the three months ended June 30, 2026 reflected a net credit of $2.1 million, representing a net decrease of $5.2 million as compared to provision expense of $3.1 million for the three months ended June 30, 2025. The decrease in the provision for income tax was directly related to the Company’s reversal of the deferred tax valuation allowance. The reversal was based on the financial strength of the company and sustained history of profitability which demonstrates the likelihood of realizing the benefits of the deferred tax asset. Accordingly, the reversal increased net income for the period. For the six months ended June 30, 2026, the provision for income taxes was $1.2 million as compared to $5.7 million for the six months ended June 30, 2025. Our effective tax rate for the three month period ended June 30, 2026 was (18.2%), as compared to 23.0% for the same period in 2025. Our effective tax rate for the six month period ended June 30, 2026 was 4.6%, as compared to 23.0% for the same period in 2025. Financial ConditionTotal consolidated assets increased by $141.0 million, or 5.3%, reaching $2.8 billion at June 30, 2026 from $2.7 billion at December 31, 2025. The increase reflects an increase in cash and loans (including loans held-for-sale) offset by repayments and maturities of securities during the current six month period. Total cash and due from banks increased from $204.2 million at December 31, 2025, to $334.9 million at June 30, 2026, an increase of approximately $130.7 million, or 64.0%. This increase resulted mainly from higher levels of deposit balances and paydowns and maturities of securities as well as payoffs of loans which elevated cash levels at quarter end. Total investment securities decreased $23.5 million, or 5.6%, from $419.4 million at December 31, 2025 to $395.9 million at June 30, 2026. The decrease continues to be driven primarily by investment repayments and maturities during the first six months of 2026. Total loans, including loans held-for-sale, increased $28.3 million, or 1.5%, to $2.0 billion at June 30, 2026 from December 31, 2025. The loan portfolio experienced growth in commercial real estate, commercial real estate construction, and consumer loans offset by decreases in commercial and industrial loans. During the six months ended June 30, 2026, the Company transferred loans with an aggregate principal balance of $68.4 million from the loan portfolio to loans held-for-sale. At the date of transfer, the loans were recorded as held-for-sale at $63.6 million, net of a valuation allowance of $4.8 million. As of June 30, 2026, the loans held-for-sale portfolio consisted of approximately $44.0 million of residential real estate loans and approximately $19.6 million of home equity loans. The six months ended June 30, 2026, also included $81.1 million of loan prepayments compared to $28.5 million for the six months ended June 30, 2025. Total deposits increased $120.8 million, to $2.4 billion at June 30, 2026 from $2.3 billion at December 31, 2025. The increase was due primarily to $104.4 million, or 10.4%, of growth in savings and money market accounts which totaled approximately $1.1 billion at June 30, 2026 as compared to $1.0 billion at December 31, 2025. Interest bearing demand deposits increased $71.1 million, or 17.0% to $490.7 million at June 30, 2026 from $419.6 million at December 31, 2025. Non-interest-bearing demand deposits increased $68.3 million, or 9.4% to $793.9 million at June 30, 2026 from $725.7 million at December 31, 2025. The increase in deposits was partially offset by certificates of deposit which represented a $123.0 million decrease as the increased deposit levels of transaction accounts provided for run-off of maturing brokered deposits during the period. Deposit composition at June 30, 2026 included 52.8% in demand deposit accounts (including NOW accounts) as a percentage of total deposits. Uninsured deposits, net of fully collateralized municipal relationships, remain stable and represented approximately 52% at June 30, 2026 and 46% at December 31, 2025. FHLBNY long-term borrowings remained at $10.0 million at June 30, 2026 and December 31, 2025, respectively. The stability and low level in borrowings represents the effect of deposit growth outpacing loan growth during the quarter, allowing for low borrowing levels and higher cash levels at June 30, 2026. Stockholders’ equity increased $22.2 million, or 7.8%, to $306.6 million at June 30, 2026 from $284.4 million at December 31, 2025. The increase was due to the effect of $24.9 million in net income as well as a liability-to-equity reclassification of equity awards in the amount of $2.3 million offset by dividends of $4.8 million and a $1.4 million increase in unrealized losses on the market value of investment securities in the Company’s equity as accumulated other comprehensive income (loss) (“AOCI”), net of taxes during the first six months of 2026. At June 30, 2026, the Bank maintained capital ratios in excess of regulatory standards for well capitalized institutions. The Bank’s Tier 1 capital-to-average-assets ratio was 13.15%, both common equity and Tier 1 capital-to-risk-weighted-assets were 17.95%, and total-capital-to-risk-weighted-assets was 19.20%. Wealth ManagementAt June 30, 2026, our Wealth Management Division, which includes trust and investment advisory, held $1.7 billion in assets under management or advisory, as compared to $1.9 billion at December 31, 2025, an 11.4% decrease. Trust and investment advisory income for the three months ended June 30, 2026 was $3.2 million, representing a decrease of $178 thousand, or 5.2%, as compared to $3.4 million for the three months ended June 30, 2025. The breakdown of trust and investment advisory assets as of June 30, 2026 and December 31, 2025, respectively, is as follows: Loan QualityAt June 30, 2026, the Bank had total non-performing loans of $22.2 million, or 1.16% of total loans. Total non-accrual loans represented $18.8 million of loans as of June 30, 2026, compared to $11.1 million at December 31, 2025. The increase in non-accrual loans was related primarily to a commercial real estate participation loan that experienced payment disruption during the first quarter of 2026 due to bankruptcy at the parent company, offset partially by settlement of a previously reported participation loan for an office complex. The settlement reduced non-performing loans by approximately $6.0 million during the second quarter of 2026. Total accruing loans 90 days or more past due represented $3.3 million of loans as of June 30, 2026, compared to $18 thousand at December 31, 2025. The increase in accruing loans 90 days or more past due was related primarily to a commercial real estate participation loan that experienced an administrative delay in the processing of an extension/modification during the second quarter of 2026 due to divorce proceedings and remains a performing loan and in accrual status at quarter-end. LiquidityManagement believes the Bank has the necessary liquidity to meet normal business needs. The Bank uses a variety of resources to manage its liquidity position. These include short term investments, cash from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits exceeding $250,000, brokered deposits, FHLBNY advances, and other borrowings. As of June 30, 2026, the Bank’s cash and due from banks totaled $334.9 million. The Bank maintains an investment portfolio of securities available for sale, comprised mainly of US Government agency and treasury securities, Small Business Administration loan pools, mortgage-backed securities, and municipal bonds. Although the portfolio generates interest income for the Bank, it also serves as an available source of liquidity and funding. As of June 30, 2026, the Bank’s investment in securities available for sale was $395.9 million, of which $78.6 million was not pledged as collateral or specifically designated to any borrowings. Additionally, as of June 30, 2026, the Bank’s overnight advance line capacity at the FHLBNY was $679.4 million, of which $72.4 million was used to collateralize municipal deposits and $10.0 million was utilized for long term advances. As of June 30, 2026, the Bank’s unused borrowing capacity at the FHLBNY was $597.0 million. The Bank also maintains additional borrowing capacity of $20 million with other correspondent banks. Additional funding is available to the Bank through the discount window at the Federal Reserve. The total amount of loans pledged to the Federal Reserve, between the Discount Window and the Borrower-In-Custody (“BIC”) program, was approximately $214.9 million at June 30, 2026. At June 30, 2026, the Bank was not utilizing any available funding from the Federal Reserve. The Bank also considers brokered deposits an element of its overall deposit strategy. As of June 30, 2026, the Bank did not have any brokered deposit arrangements with various terms under 30 days. Non-GAAP Financial Measure ReconciliationsThe following table reconciles, as of the dates set forth below, stockholders’ equity (on a GAAP basis) to tangible equity and total assets (on GAAP basis) to tangible assets and calculates our tangible book value per share. The following table presents reconciliation of adjusted quarterly net income. Notes:(1) Effective tax rate of 23% for the three months ended June 30, 2026 and 2025. About Orange County Bancorp, IncOrange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.8 billion in total assets. Orange Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward Looking StatementsCertain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information:Michael LeslerEVP & Chief Financial [email protected]: (845) 341-5111 Notes:(1) Includes loans held-for-sale.(2) The interest rate spread is the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.(3) Net interest margin is the annualized net interest income divided by average interest-earning assets. Notes:(1) Includes loans held-for-sale.(2) The interest rate spread is the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.(3) Net interest margin is the annualized net interest income divided by average interest-earning assets. Notes:(1) Annualized for the three and six months ended June 30, 2026 and 2025, respectively.(2) Represents the difference between the weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the periods.(3) The net interest margin represents net interest income as a percent of average interest-earning assets for the periods.(4) The dividend payout ratio represents dividends paid per share divided by net income per share.(5) Ratios are for Bank only. Notes:(1) Net tangible book value represents the amount of total tangible assets reduced by our total liabilities. Tangible assets are calculated by reducing total assets, as defined by GAAP, by $5.4 million in goodwill for June 30, 2026 and December 31, 2025, respectively, and $393 thousand, and $535 thousand in other intangible assets for June 30, 2026 and December 31, 2025, respectively. Notes:(1) During the six months ended June 30, 2026, the Company transferred loan balance of $63.6 million from loans to loans held-for-sale, net of valuation allowance of $4.8 million. At June 30, 2026, the composition of the loans held-for-sale portfolio consisted of $44.0 million residential real estate loans and $19.6 million of home equity loans.

Net Income increased $2.6 million, or 29.6%, to $11.3 million for the quarter ended March 31, 2026, from $8.7 million for the quarter ended March 31, 2025, marking record first quarter earnings Net Interest Margin increased 45 basis points, or 11.4%, to 4.40% for the three months ended March 31, 2026, from 3.95% for the three months ended March 31, 2025 Total Deposits increased $39.4 million, or 1.7%, to $2.4 billion at March 31, 2026, from $2.3 billion at year-end 2025 Total Loans increased $1.7 million, or less than 1.0%, to remain relatively level at approximately $2.0 billion at March 31, 2026 and December 31, 2025 Earnings per share grew $0.08 per share, or 10.4%, to $0.85 per share for the quarter ended March 31, 2026 from $0.77 per share for the quarter ended March 31, 2025 Book value per share grew $0.48, or 2.3%, to $21.75 at March 31, 2026, from $21.27 at December 31, 2025 MIDDLETOWN, N.Y., April 28, 2026 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors, Inc. (“OIA”), today announced net income of $11.3 million, or $0.85 per basic and diluted share, for the three months ended March 31, 2026. This compares with net income of $8.7 million, or $0.77 per basic and diluted share, for the three months ended March 31, 2025. The increase in earnings per share, basic and diluted, was due primarily to an increase in net interest income coupled with a reduction in provision for credit losses partially offset by an increase in noninterest expense during the current period. Book value per share grew $0.48, or 2.3%, from $21.27 at December 31, 2025 to $21.75 at March 31, 2026. Tangible book value per share increased $0.49, or 2.4%, from $20.83 at December 31, 2025 to $21.32 at March 31, 2026 (see “Non-GAAP Financial Measure Reconciliation” below for additional detail). These increases were due to earnings growth during the three months ended March 31, 2026 offset by an increase in unrealized losses on the available for sale securities (“AFS”) portfolio resulting from interest rate fluctuation during the period. “I am pleased to announce record first quarter financial results for the Bank led by growth of our low-cost deposit base and continued strength in our net interest margin,” said Orange County Bancorp President and CEO Michael Gilfeather and added “this expansion continued despite today’s challenging macroeconomic and geopolitical environments.” “For the quarter ended March 31, 2026, the Bank earned $11.3 million, a $2.6 million, or 29.6% increase, over the same quarter last year. Total loans increased a modest $1.7 million for the quarter, keeping our total loan portfolio relatively flat at $2 billion versus year-end 2025. The average yield on the loan portfolio was 6.18%, up 13 basis points, or 2.15% from the same period last year, and down 6 basis points, or less than 1% versus the prior quarter. Total deposit growth for the quarter continued a favorable trend, increasing $39.4 million, or 1.7%, to $2.4 billion at March 31, 2026 from $2.3 billion at December 31, 2025. The bulk of this growth reflected core deposits and was sourced within the Bank, enabling us to continue to reduce the use of higher cost, broker-sourced deposits. As discussed previously, we have made organically sourced deposits a key focus of the Bank, and this initiative continues to meet with success. Our average cost of deposits for the quarter was 1.03% down 26 basis points, or 20.2% from Q1 2025 and down 8 basis points or 7.2% versus Q4 2025, and remains a key competitive strength of the Bank. Given higher lending rates and lower deposit costs, net interest margin continued to improve during the quarter, increasing 45 basis points to 4.40% for the three months ended March 31, 2026, from 3.95% for the three months ended March 31, 2025. Net interest margin was also helped by loan repayments near quarter end. We are always actively managing our loan portfolio and deposits with the goal of optimizing financial performance and delivering market leading results. Breaking with otherwise strong metrics, our Wealth Management division experienced a pullback from its recent growth path during the quarter. For the three months ending March 31, 2026, Wealth Management earned $3.3 million, down $171 thousand, or 5.0% versus the same quarter last year and down $465 thousand, or 12.5% versus the prior quarter. During the quarter, earnings for Wealth Management were impacted by reduction in assets under management (AUM), partially resulting from volatility within the equity markets, the interest rate environment, and overall economy combined with last year’s divisional restructuring. We believe synergies between the Bank and Wealth Management division will position us to not only replace lost AUM but accelerate their growth further. We remain excited by the prospects for this division and view it as a key component of our business strategy and client value proposition. The strength of our business model once again enabled us to navigate recent macroeconomic challenges successfully. I am proud of the results and remain optimistic about our opportunities. I also remain confident in our team’s ability to respond quickly to changing circumstances from a foundation of experience to effectively manage risk, serve our clients, and pursue new opportunities in our operating markets. This is the true power of a well run regional bank. As always, I thank our committed employees, customers, and shareholders for their continued confidence and support.” First Quarter 2026 Financial Review Net Income Net income for the first quarter of 2026 was $11.3 million, an increase of $2.6 million, or 29.6%, from net income of $8.7 million for the first quarter of 2025. The growth in net income represents a combination of increased net interest income as well as a reduced provision for credit losses partially offset by increased noninterest expense during the quarter. The improvement in the provision for credit losses represents the effect of slower loan growth resulting from late first quarter loan repayments combined with lower reserve requirements related to the composition and performance of the loan portfolio and the associated impact of modeling projected losses under CECL. Net Interest Income For the three months ended March 31, 2026, net interest income rose $4.3 million, or 18.1%, to $27.9 million as compared to $23.6 million during the same period last year reflecting an increase in total interest income of $2.5 million as a result of growth in interest and fees associated with loans and a decrease in total interest expense of $1.8 million mainly due to lower interest costs resulting from reduced borrowing costs during the current period. Total interest income rose $2.5 million, or 8.0%, to $34.4 million for the three months ended March 31, 2026, compared to $31.9 million for the three months ended March 31, 2025. The increase reflected 9.1% growth in interest and fees associated with loans coupled with an increase of interest income associated with fed funds and balances held at correspondent banks offset by a net decrease in interest income associated with investment securities. Total interest expense decreased $1.8 million during the first quarter of 2026, to $6.5 million, as compared to $8.3 million in the first quarter of 2025. Interest expense from FHLB advances and borrowings during the current quarter totaled $98 thousand as compared to $931 thousand during the first quarter of 2025. The decrease primarily represented the effect of lower average balances and average costs associated with FHLB borrowings. Interest expense associated with savings and NOW accounts totaled $5.3 million during the first quarter of 2026 as compared to $4.9 million during the first quarter of 2025. Interest expense related to subordinated notes increased and totaled $430 thousand during the first quarter of 2026 as compared to $230 thousand during the first quarter of 2025. Provision for Credit Losses Provision for credit losses reflected a net recovery of $436 thousand for the three months ended March 31, 2026 as compared to an expense of $202 thousand for the three months ended March 31, 2025. The 2026 recovery was due primarily to slower loan growth during the first quarter of 2026 combined with the effect of customary model calibration for projected lifetime losses for the portfolio and lower reserves associated with the composition of loans closed during the first quarter of 2026. The allowance for credit losses to total loans was 1.43% as of March 31, 2026 versus 1.45% as of December 31, 2025. No additional reserves for investment securities were recorded during either of the first quarters of 2026 or 2025. Non-Interest Income Non-interest income decreased $179 thousand, or 4.1%, to $4.2 million for the three months ended March 31, 2026 as compared to $4.4 million for the three months ended March 31, 2025. This reduction was related primarily to a decrease in investment advisory income combined with a reduction of earnings on bank-owned life insurance due to a receipt of BOLI proceeds in the first quarter of 2025. The Company’s other fee income categories, including trust income and service charges on deposit accounts, experienced growth during the quarter. Non-Interest Expense Non-interest expense was $17.9 million for the first quarter of 2026, reflecting an increase of $1.4 million, or 8.7%, as compared to $16.5 million for the same period in 2025. The increase in non-interest expense for the current three-month period continues to reflect the Company’s investment in growth. This investment consists primarily of increases in compensation, occupancy, and professional fees as well as significant expense related to information technology. Our efficiency ratio, which is a non-GAAP measurement, improved to 55.9% for the three months ended March 31, 2026, from 58.9% for the same period in 2025. Income Tax Expense Provision for income taxes for the three months ended March 31, 2026 was $3.3 million, representing an increase of $722 thousand, or 27.9%, as compared to $2.6 million for the three months ended March 31, 2025. The increase in the provision for income tax was directly related to an increase in income before income taxes associated with the Company’s earnings as well as the effect of certain tax adjustments for the quarter. Our effective tax rate for the three-month period ended March 31, 2026 was 22.7%, as compared to 22.9% for the same period in 2025. Financial Condition Total consolidated assets increased by $46.2 million, or 1.7%, and remained relatively consistent at $2.7 billion at March 31, 2026 and December 31, 2025. The increase reflected increases in cash and loans during the first quarter of 2026. Total cash and due from banks increased from $204.2 million at December 31, 2025, to $257.5 million at March 31, 2026, an increase of approximately $53.3 million, or 26.1%. This increase resulted mainly from higher levels of deposit balances and payoffs of loans which elevated cash levels at quarter end. Total investment securities decreased $11.9 million, or 2.8%, from $425.3 million at December 31, 2025 to $413.4 million at March 31, 2026. The decrease continues to be driven primarily by investment maturities during the first three months of 2026. Total loans increased $1.7 million, or 0.1%, and remained relatively level near $2.0 billion at March 31, 2026 and December 31, 2025. The slight increase included growth within the CRE construction category, home equity segment, and consumer sector offset by a decrease in commercial and industrial loans. Commercial real estate loans and residential real estate loans remained level between March 31, 2026 and December 31, 2025. Total deposits increased $39.4 million, to $2.4 billion at March 31, 2026 from $2.3 billion at December 31, 2025. This increase was due primarily to $53.4 million of growth in interest bearing demand deposits and $1.7 million of growth in noninterest-bearing demand accounts. Money market accounts and savings accounts combined for approximately $1.1 million at March 31, 2026 as compared to $1.0 million at December 31, 2025, reflecting an increase of $77.3 million, or 7.7%. Certificates of deposit represented a $93.1 million decrease as the increased deposit levels of transaction accounts provided for run-off of maturing brokered deposits during the period. Deposit composition at March 31, 2026 included 51.1% in demand deposit accounts (including NOW accounts) as a percentage of total deposits. Uninsured deposits, net of fully collateralized municipal relationships, remain stable and represent approximately 49% at March 31, 2026 and 46% at December 31, 2025. FHLBNY long-term borrowings remained at $10.0 million at March 31, 2026 and December 31, 2025. The stability and low level in borrowings represents the effect of increased deposits which outpaced loan growth during the quarter and allowed for low borrowing levels while maintaining higher levels of cash at March 31, 2026. Stockholders’ equity increased $7.3 million, or 2.6%, to $291.7 million at March 31, 2026 from $284.4 million at December 31, 2025. The increase was due to the effect of $11.3 million in net income offset by dividends of $2.4 million and an increase in unrealized losses of approximately $2.8 million on the market value of investment securities within the Company’s equity as accumulated other comprehensive income (loss) (“AOCI”), net of taxes during the first quarter of 2026. At March 31, 2026, the Bank maintained capital ratios in excess of regulatory standards for well capitalized institutions. The Bank’s Tier 1 capital-to-average-assets ratio was 12.80%, both common equity and Tier 1 capital-to-risk-weighted-assets were 17.66%, and total-capital-to-risk-weighted-assets was 18.91%. Wealth Management At March 31, 2026, our Wealth Management Division, which includes trust and investment advisory, held $1.6 billion in assets under management or advisory, as compared to $1.9 billion at December 31, 2025, a 13.0% decrease. Trust and investment advisory income for the three months ended March 31, 2026 was $3.3 million, representing a decrease of 5.0%, or $171 thousand, as compared to $3.4 million for the three months ended March 31, 2025. The breakdown of trust and investment advisory assets as of March 31, 2026 and December 31, 2025, respectively, is as follows: Loan Quality At March 31, 2026, the Bank had total non-performing loans of $26.1 million, or 1.34% of total loans. Total non-accrual loans represented $26.1 million of loans as of March 31, 2026, compared to $11.1 million at December 31, 2025. The increase in non-accrual loans was related primarily to a commercial real estate participation loan that experienced payment disruption during the first quarter of 2026 due to bankruptcy at the parent company level and remains non-performing and in non-accrual status at quarter-end. Liquidity Management believes the Bank has the necessary liquidity to meet normal business needs. The Bank uses a variety of resources to manage its liquidity position. These include short term investments, cash from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits exceeding $250,000, brokered deposits, FHLBNY advances, and other borrowings. As of March 31, 2026, the Bank’s cash and due from banks totaled $257.5 million. The Bank maintains an investment portfolio of securities available for sale, comprised mainly of US Government agency and treasury securities, Small Business Administration loan pools, mortgage-backed securities, and municipal bonds. Although the portfolio generates interest income for the Bank, it also serves as an available source of liquidity and funding. As of March 31, 2026, the Bank’s investment in securities available for sale was $413.4 million, of which $127.4 million was not pledged as collateral or specifically designated to any borrowings. Additionally, as of March 31, 2026, the Bank’s overnight advance line capacity at the FHLBNY was $660.7 million, of which $87.4 million was used to collateralize municipal deposits and $10.0 million was utilized for long term advances. As of March 31, 2026, the Bank’s unused borrowing capacity at the FHLBNY was $563.3 million. The Bank also maintains additional borrowing capacity of $20 million with other correspondent banks. Additional funding is available to the Bank through the discount window lending by the Federal Reserve. The total amount of loans pledged to the Federal Reserve, between the Discount Window and the Borrower-In-Custody (“BIC”) program, was approximately $231.8 million at March 31, 2026. At March 31, 2026, the Bank was not utilizing any available funding from the Federal Reserve. The Bank also considers brokered deposits an element of its overall deposit strategy. As of March 31, 2026, the Bank had brokered deposit arrangements with various terms under 30 days totaling approximately $30.0 million. About Orange County Bancorp, Inc Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.7 billion in total assets. Orange Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward Looking Statements Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information: Michael Lesler EVP & Chief Financial Officer [email protected] Phone: (845) 341-5111

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +24.00%. A quarter ago, it was expected that this company would post earnings of $0.68 per share when it actually produced earnings of $0.75, delivering a surprise of +10.29%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Orange County Bancorp, Inc., which belongs to the Zacks Banks - Northeast industry, posted revenues of $33.03 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.20%. This compares to year-ago revenues of $27.38 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Orange County Bancorp, Inc. shares have added about 12.4% since the beginning of the year versus the S&P 500's gain of 1.1%. While Orange County Bancorp, Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Orange County Bancorp, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $31.5 million in revenues for the coming quarter and $3.27 on $130.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Middlefield Banc Corp. (MBCN), has yet to report results for the quarter ended December 2025. This company is expected to post quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of +6.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Middlefield Banc Corp.'s revenues are expected to be $20 million, up 14.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report Middlefield Banc Corp. (MBCN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Net Income increased $13.7 million, or 49.3%, to $41.6 million for the year ended December 31, 2025, from $27.9 million for the year ended December 31, 2024 Net Interest Margin grew 35 basis points to 4.18% for the year ended December 31, 2025, from 3.83% for the year ended December 31, 2024 Net Interest Margin also grew 66 basis points to 4.44% for the quarter ended December 31, 2025, from 3.78% for the quarter ended December 31, 2024 Total Loans increased $134.5 million, or 7.4%, to $2.0 billion at December 31, 2025 as compared to $1.8 billion at December 31, 2024 Total Deposits increased $157.0 million, or 7.3%, to $2.3 billion at December 31, 2025, from $2.2 billion at year-end 2024 Book value per share grew $4.92, or 30.1%, to $21.27 at December 31, 2025, from $16.35 at December 31, 2024 Trust and investment advisory income rose $1.9 million, or 15.2%, to $14.1 million for the year ended December 31, 2025, as compared to $12.3 million for the year ended December 31, 2024 MIDDLETOWN, N.Y., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors, Inc. (“OIA”), today announced net income of $12.4 million, or $0.93 per basic and diluted share, for the three months ended December 31, 2025. This compares with net income of $7.2 million, or $0.63 per basic and diluted share, for the three months ended December 31, 2024. The increase in earnings per share, basic and diluted, was due primarily to increases in net interest income and total noninterest income as well as a reduction in noninterest expense offset by an increase in provision for credit losses during the current period. For the twelve months ended December 31, 2025, net income was $41.6 million, or $3.33 per basic and diluted share, as compared to $27.9 million, or $2.47 per basic and diluted share, for the twelve months ended December 31, 2024. Book value per share grew $4.92, or 30.1%, from $16.35 at December 31, 2024 to $21.27 at December 31, 2025. Tangible book value per share increased $5.03, or 31.8%, from $15.80 at December 31, 2024 to $20.83 at December 31, 2025 (see “Non-GAAP Financial Measure Reconciliation” below for additional detail). These increases were due to earnings growth during the twelve months ended December 31, 2025 and a reduction of unrealized losses in the available for sale securities (“AFS”) portfolio coupled with net proceeds of approximately $43 million from completion of a follow-on common stock offering during the second quarter of 2025. “I am pleased to announce momentum we saw through the first three quarters of 2025 continued through year end,” said Orange County Bancorp President and CEO Michael Gilfeather, “resulting in record earnings of $12.4 million, or $0.93 per basic and diluted share, and $41.6 million, or $3.33 per basic and diluted share, for the fourth quarter and full year, respectively. These figures represent a $5.3 million, or 73.5%, increase in net income over the same quarter last year and $2.4 million, or 24.1%, increase over $10.0 million of net income last quarter. I am equally pleased they represent material contributions from every division of the Bank. Total loans grew $14.6 million during the fourth quarter, and a solid $134.5 million, or 7.4%, for the full year as we continued to prudently manage credit in today’s interest rate environment. This increased our loan portfolio from $1.8 billion at the end of 2024 to $2.0 billion at year end 2025, a figure we aspired to just a handful of years ago. Loan growth was supported by strong economic activity in the region in which we operate, but remains subject to market volatility and broad macro and geopolitical risks. As such, we continue to employ cautious underwriting standards with new loans. The average yield on our loan portfolio was 6.24% and 6.11% for the fourth quarter and full year 2025, respectively, up 28 basis points, or 4.7%, and 10 basis points, or 1.7%, respectively from the same periods last year. Deposit growth, specifically its composition and cost, was even more impressive. Total deposits grew $31.5 million, or 1.4%, for the fourth quarter, and $157.0 million, or 7.3%, for the full year, respectively, to $2.3 billion at December 31, 2025. The majority of this came in the form of lower cost deposits, as we focused internal efforts on organic deposit growth and sought to reduce our use of brokered funding. Our average cost of deposits for fourth quarter 2025 was 1.11%, down 19 basis points, or 14.6%, from fourth quarter 2024 and full year 2025 average cost of deposits was down 10 basis points, or 7.6%, versus full year 2024. Not surprisingly, our continued loan and deposit growth and improved funding mix combined to bolster net interest margin for both the full year and fourth quarter. Net interest margin of 4.18% for the year ended December 31, 2025 increased 35 basis points, or 9.1%, over the prior year, while the 4.44% margin for the current quarter represents an 18 basis points, or 4.2% increase and 66 basis point, or 17.5%, increase over the prior quarter and the same quarter last year, respectively. Wealth Management, which includes our trust and investment advisory businesses, also maintained its growth with a healthy contribution to our income. For the year and quarter ended December 31, 2025, trust and investment advisory income rose $1.9 million, or 15.2%, to $14.1 million and $451 thousand, or 13.7%, to $3.7 million as compared to the same periods the prior year, respectively. While growth in AUM stemmed in part from favorable equity market returns, focused efforts in our private bank initiative also continued to attract new customers and assets. I have repeatedly referred to wealth management as a highly valued component of our long-term strategy. We will continue to support its growth through services that enable us to capture an even greater share of our clients’ business and investment assets over time. Though unsurprised by record earnings given years of planning and investment, I continue to be impressed by the power of our regional bank strategy to drive performance over time. And while realistic about risks and uncertainty confronting our industry, we continue to believe our seasoned and experienced team’s deep client relationships and ability to adapt as challenges – and opportunities – present themselves, remain key to our long-term success. This gives me pride in our most recent results and even greater confidence in our future. As always, I thank our committed employees and our customers and shareholders for their continued confidence and support.” Fourth Quarter and Fiscal Year 2025 Financial Review Net Income Net income for the fourth quarter of 2025 was $12.4 million, an increase of $5.3 million, or 73.5%, from net income of $7.2 million for the fourth quarter of 2024. The increase represents a combination of increased net interest income and noninterest income as well as a reduction in noninterest expense offset by an increased provision for credit losses over the same quarter last year. Net income for the twelve months ended December 31, 2025 was $41.6 million, as compared to $27.9 million for the same period in 2024. The increase reflects the continued effect of net interest income growth combined with increased non-interest income as well as a reduced provision for credit losses during 2025 as compared to the prior year. The improvement in the provision for credit losses during 2025 as compared to 2024 was the result of lower specific reserves associated with nonperforming loans. The increase in non-interest income includes the recognition of a gain associated with the sale of a branch location coupled with a Bank Owned Life Insurance gain related to policy proceeds from a death benefit. Net Interest Income For the three months ended December 31, 2025, net interest income rose $5.3 million, or 22.8%, to $28.3 million, versus $23.1 million during the same period last year. The increase was driven primarily by a $3.3 million increase in interest and fees on loans during the current period. For the twelve months ended December 31, 2025, net interest income reached $104.1 million, representing an increase of $12.3 million, or 13.4%, over the twelve months ended December 31, 2024. Total interest income rose $3.1 million, or 9.7%, to $35.3 million for the three months ended December 31, 2025, compared to $32.2 million for the three months ended December 31, 2024. The increase reflected a 12.0% growth in interest and fees associated with loans and a 2.1% increase in interest on Federal Funds Sold and other assets. For the twelve months ended December 31, 2025, total interest income rose $7.8 million, or 6.1%, to $135.0 million as compared to $127.2 million for the twelve months ended December 31, 2024. Total interest expense decreased $2.2 million during the fourth quarter of 2025, to $7.0 million, as compared to $9.1 million during the fourth quarter of 2024. The decrease was primarily due to the continued reduction of interest costs associated with lower FHLB advances and borrowings as well as brokered deposits due to increased customer deposit levels during the quarter. Interest expense associated with FHLB advances drawn and other borrowings during the current quarter totaled $264 thousand as compared to $1.9 million during the fourth quarter of 2024. Interest expense related to time deposits totaled $958 thousand during the fourth quarter of 2025 as compared to $1.7 million during fourth quarter 2024. During the twelve months ended December 31, 2025, total interest expense fell $4.5 million, to $30.9 million, as compared to $35.5 million for the same period last year. Provision for Credit Losses The Company recognized a provision for credit losses of $1.6 million for the three months ended December 31, 2025, as compared to a net recovery of $51 thousand for the three months ended December 31, 2024. The current quarter provision included a charge-off of certain commercial and industrial loans and specific reserves associated with certain non-accrual loans as well as loan growth during the quarter. The 2024 recovery was due primarily to slower loan growth during the 2024 fourth quarter combined with the effect of lower reserves associated with certain types of loans closed during fourth quarter 2024. The allowance for credit losses to total loans was 1.45% as of December 31, 2025 versus 1.44% as of December 31, 2024. For the twelve months ended December 31, 2025, the provision for credit losses for loans totaled $7.8 million as compared to $9.6 million for the twelve months ended December 31, 2024. The twelve months ended December 31, 2024 did include a credit provision associated with the recovery of $1.9 million related to Signature Bank subordinated debt which was previously written off. No reserves for investment securities were recorded during the twelve months of 2025 or 2024. Noninterest Income Noninterest income rose $383 thousand, or 8.9%, to $4.7 million for the three months ended December 31, 2025 as compared to $4.3 million for the three months ended December 31, 2024. The growth included increased fee income in each of the Company’s fee income categories, including investment advisory income, trust income, and service charges on deposit accounts. For the twelve months ended December 31, 2025, noninterest income increased $7.2 million, to $23.2 million, as compared to $16.0 million for the twelve months ended December 31, 2024. The twelve month period in 2025 also included BOLI proceeds of $3.6 million and $932 thousand of insurance proceeds related to a claim for a previous fraudulent incident as well as a $1.2 million gain related to the sale of a branch location, partially offset by a $568 thousand loss connected to a $15 million repositioning of our investment securities portfolio. Noninterest Expense Noninterest expense was $17.8 million for the fourth quarter of 2025, reflecting a decrease of $655 thousand, or 3.6%, as compared to $18.5 million for the same period in 2024. The decrease in noninterest expense for the current three-month period was mainly due to expenses in fourth quarter 2024 related to a fraudulent incident at one of our branches as well as costs associated with litigation related to a nonperforming loan participation. Our efficiency ratio improved to 53.9% for the three months ended December 31, 2025 from 67.4% for the same period in 2024. For the twelve months ended December 31, 2025, our efficiency ratio also improved to 53.4% from 60.5% for the same period in 2024. Noninterest expense for the twelve months ended December 31, 2025 reached $67.9 million, reflecting a $2.7 million increase over noninterest expense of $65.2 million for the twelve months ended December 31, 2024. The Company continues to invest in growth, primarily within salaries and benefits, occupancy costs, information technology, deposit insurance, and other operating expenses. Income Tax Expense Provision for income taxes for the three months ended December 31, 2025 was $1.2 million, as compared to $1.8 million for the same period in 2024. The reduction in tax expense during the fourth quarter of 2025 was related to timing items adjusted for year end estimates. For the twelve months ended December 31, 2025, the provision for income taxes was $9.9 million, as compared to $6.9 million for the twelve months ended December 31, 2024. The increase for the twelve month period of 2025 was due to higher income before income taxes. Our effective tax rate for the three-month period ended December 31, 2025 was 9.0%, as compared to 20.1% for the same period in 2024. Our effective tax rate for the twelve-month period ended December 31, 2025 was 19.3%, as compared to 19.9% for the same period in 2024. Financial Condition Total consolidated assets increased $149.5 million, or approximately 6.0%, during 2025 to $2.7 billion at December 31, 2025. Growth of the balance sheet included increases in cash, loans, and deposits offset by paydowns of borrowings during the current twelve-month period. Total cash and due from banks increased from $150.3 million at December 31, 2024, to $204.2 million at December 31, 2025, an increase of approximately $53.9 million, or 35.9%. This increase resulted primarily from increases in deposit balances and managed loan growth which elevated cash levels while reducing short-term borrowings. Total investment securities decreased $28.2 million, or 6.2%, from $453.5 million at December 31, 2024 to $425.3 million at December 31, 2025. The decrease continues to be driven primarily by investment maturities and paydowns during the twelve months of 2025. Total loans increased $134.5 million, or 7.4%, from $1.8 billion at December 31, 2024 to $2.0 billion at December 31, 2025. The increase was primarily driven by an increase of $118.0 million related to commercial real estate loans, $18.3 million increase in commercial real estate construction loans, and a $7.2 million increase in commercial and industrial loans as well as a $5.3 million increase in home equity loans offset by decreases in the residential real estate and consumer loan categories during 2025. Total deposits increased $157.0 million, reaching $2.3 billion at December 31, 2025, from $2.2 billion at December 31, 2024. This increase was due primarily to $74.5 million of growth in non-interest bearing demand accounts, an $88.5 million increase in interest bearing demand accounts, and an $88.4 million increase in savings accounts. The increases in deposit accounts were offset by a $32.4 million decrease in money market accounts as well as a $62.0 million decrease in certificates of deposit, mainly associated with brokered deposits utilized by the Bank for short term funding purposes. Deposit composition at December 31, 2025 included 49.6% in demand deposit accounts (including NOW accounts) as a percentage of total deposits. Uninsured deposits, net of fully collateralized municipal relationships, remained stable and represented approximately 46% of total deposits at December 31, 2025, as compared to 39% of total deposits at December 31, 2024. Total FHLBNY borrowings decreased by $113.5 million, or 91.9%, to $10.0 million as of December 31, 2025, as compared to $123.5 million at December 31, 2024. The decrease in borrowings was driven by increased deposits which outpaced loan growth in 2025 and allowed for paydown of borrowings while maintaining strong levels of cash at December 31, 2025. The decrease in borrowings reflects a strategic focus on actively managing liquidity sources and opportunities to reduce funding costs. Stockholders’ equity increased approximately $98.8 million during 2025, reaching $284.4 million at December 31, 2025 from $185.5 million at December 31, 2024. The increase was due to the combination of a common stock offering which netted approximately $43 million, earnings of $41.6 million, and a decrease in unrealized losses of $19.9 million on the market value of investment securities within the Company’s equity as accumulated other comprehensive income (loss) (“AOCI”), net of taxes. At December 31, 2025, the Bank maintained capital ratios in excess of regulatory standards for well capitalized institutions. The Bank’s Tier 1 capital to average assets ratio was 12.67%, both common equity and Tier 1 capital to risk weighted assets were 17.33%, and total capital to risk weighted assets was 18.58%. Wealth Management At December 31, 2025, our Wealth Management Division, which includes trust and investment advisory, held $1.9 billion in assets under management or advisory, as compared to $1.8 billion at December 31, 2024, a 5.9% increase. Trust and investment advisory income for the year ended December 31, 2025 reached $14.1 million, representing an increase of 15.2%, or $1.9 million, as compared to $12.2 million for the year ended December 31, 2024. The breakdown of trust and investment advisory assets as of December 31, 2025 and December 31, 2024, respectively, is as follows: Loan Quality At December 31, 2025, the Bank had total non-performing loans of $11.1 million, or 0.57% of total loans. Total non-accrual loans represented $11.1 million of loans as of December 31, 2025, compared to $6.3 million at December 31, 2024. The increase in non-accrual loans continues to represent several different loans which experienced payment disruption during 2025 and remain non-performing and in non-accrual status at year end. Liquidity Management believes the Bank has the necessary liquidity to meet normal business needs. The Bank uses a variety of resources to manage its liquidity position. These include short term investments, cash from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits exceeding $250,000, brokered deposits, FHLBNY advances, and other borrowings. As of December 31, 2025, the Bank’s cash and due from banks totaled $204.2 million. The Bank maintains an investment portfolio of securities available for sale, comprised mainly of US Government agency and treasury securities, Small Business Administration loan pools, mortgage-backed securities, and municipal bonds. Although the portfolio generates interest income for the Bank, it also serves as an available source of liquidity and funding. As of December 31, 2025, the Bank’s investment in securities available for sale was $425.3 million, of which $126.3 million was not pledged as collateral or specifically designated to any borrowings. Additionally, as of December 31, 2025, the Bank’s overnight advance line capacity at the FHLBNY was $652.7 million, of which $87.4 million was used to collateralize municipal deposits and $10.0 million was utilized for long term advances. As of December 31, 2025, the Bank’s unused borrowing capacity at the FHLBNY was $555.3 million. The Bank also maintains additional borrowing capacity of $20 million with other correspondent banks. Additional funding is available to the Bank through the discount window lending by the Federal Reserve. The combined availability at the Federal Reserve, between the Discount Window and the BIC program, was approximately $228.4 million. At December 31, 2025, the Bank was not utilizing any available funding from the Federal Reserve. The Bank also considers brokered deposits an element of its overall deposit strategy. As of December 31, 2025, the Bank had brokered deposit arrangements with various terms totaling approximately $130.8 million. About Orange County Bancorp, Inc Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.7 billion in total assets. Orange Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward Looking Statements Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information: Michael Lesler EVP & Chief Financial Officer [email protected] Phone: (845) 341-5111

MainStreet Bank (MNSB) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to a loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.12%. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.52, delivering a surprise of +1.96%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. MainStreet Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $18.04 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 3.83%. This compares to year-ago revenues of $16.85 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MainStreet Bank shares have added about 0.7% since the beginning of the year versus the S&P 500's gain of 1%. While MainStreet Bank has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MainStreet Bank was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $18.53 million in revenues for the coming quarter and $2.05 on $76.45 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Orange County Bancorp, Inc. (OBT), another stock in the same industry, has yet to report results for the quarter ended December 2025. This company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +19.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Orange County Bancorp, Inc.'s revenues are expected to be $31.1 million, up 13.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MainStreet Bank (MNSB) : Free Stock Analysis Report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.29%. A quarter ago, it was expected that this company would post earnings of $0.76 per share when it actually produced earnings of $0.87, delivering a surprise of +14.47%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Orange County Bancorp, Inc., which belongs to the Zacks Banks - Northeast industry, posted revenues of $33.74 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 12.45%. This compares to year-ago revenues of $27.14 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Orange County Bancorp, Inc. shares have lost about 13.1% since the beginning of the year versus the S&P 500's gain of 17.2%. While Orange County Bancorp, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Orange County Bancorp, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.72 on $30.4 million in revenues for the coming quarter and $2.85 on $118 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, SB Financial Group, Inc. (SBFG), has yet to report results for the quarter ended September 2025. The results are expected to be released on October 30. This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +51.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. SB Financial Group, Inc.'s revenues are expected to be $17.3 million, up 20.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report SB Financial Group, Inc. (SBFG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Net Income rose $6.8 million, or 211.5%, to $10.0 million for the quarter ended September 30, 2025 as compared to $3.2 million for the quarter ended September 30, 2024 Net Interest Income increased $4.0 million, or 17.3%, to $27.0 million for the quarter ended September 30, 2025, from $23.0 million for the quarter ended September 30, 2024 Net Interest Margin grew 45 basis points to 4.26% for the quarter ended September 30, 2025, as compared to 3.81% for the quarter ended September 30, 2024 Total Loans grew $119.9 million, or 6.6%, reaching $1.9 billion at September 30, 2025, as compared to $1.8 billion at December 31, 2024. Total Deposits rose $125.5 million, or 5.8%, to $2.3 billion at September 30, 2025, from $2.2 billion at December 31, 2024 Book value per share increased $3.86, or 23.6%, to $20.21 at September 30, 2025, from $16.35 at December 31, 2024 Trust and investment advisory income rose $416 thousand, or 13.3%, to $3.5 million for Q3 2025, as compared to $3.1 million for Q3 2024 MIDDLETOWN, N.Y., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Orange Investment Advisors (“OIA”), formerly known as Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced net income of $10.0 million, or $0.75 per basic and diluted share, for the three months ended September 30, 2025. This compares with net income of $3.2 million, or $0.28 per basic and diluted share, for the three months ended September 30, 2024. The increase in earnings per share, basic and diluted, was due primarily to increases in net interest income and total noninterest income as well as reduced provision for credit losses partially offset by an increase in noninterest expense during the current period. For the nine months ended September 30, 2025, net income reached $29.2 million, or $2.39 per basic and diluted share, as compared to $20.7 million, or $1.84 per basic and diluted share, for the nine months ended September 30, 2024. Book value per share rose $3.86, or 23.6%, from $16.35 at December 31, 2024, to $20.21 at September 30, 2025. Tangible book value per share increased $3.96, or 25.1%, from $15.80 at December 31, 2024, to $19.76 at September 30, 2025 (see “Non-GAAP Financial Measure Reconciliation” below for additional detail). These increases were due to continued earnings growth during the nine months ended September 30, 2025 and a reduction of unrealized losses in the available for sale securities (“AFS”) portfolio coupled with net proceeds of approximately $43 million from completion of a follow-on common stock offering during the second quarter of 2025. “Business momentum we saw through the first half of the year continued into Q3,” said Orange County Bancorp President and CEO Michael Gilfeather. “This resulted in earnings of over $10 million for the quarter, with every segment of the bank contributing strong performance. Loan growth remained strong for the quarter, with total loans up $17.9 million over the prior quarter end, and up $119.9 million since December 31, 2024. Our loan portfolio ended the quarter at over $1.9 billion. While regional economic activity remains robust, we continue to exercise prudent underwriting standards in the face of uncertain political, geopolitical, tariff, and interest rate policy risks. The 6.13% average yield on our loan portfolio for the quarter has improved from 5.94% for the same period last year. And while Federal Reserve guidance and a 25 basis point rate cut in September may keep downward pressure on rates, I remain confident in our team’s ability to manage through it. Deposit growth also remains strong, with total deposits up $125.5 million, or 5.8%, to $2.3 billion at September 30, 2025, from $2.2 billion at year-end 2024. We replaced $28 million of high cost brokered deposits with organically sourced lower cost deposits during the period. For the quarter, our cost of deposits stood at 1.13%, down 17 basis points, or 13.1%, versus last quarter, and down 12 basis points, or 9.6% versus the same period last year. The decline is a function of both Fed policy and our deliberate efforts to reduce deposit costs. Given the decrease in deposit costs and increase in our average yield on loans, the positive impact on Net Interest Margin (“NIM”) isn’t surprising. For the quarter NIM grew 45 basis points, or 11.8%, to 4.26% for the quarter ended September 30, 2025, versus 3.81% for the quarter ended September 30, 2024. Our NIM also compare very favorably on a linked quarter basis, up 20 basis points, or 4.9%, versus the prior quarter. Our Wealth Management division also maintained its track record of growth, with trust and investment advisory income increasing $416 thousand, or 13.3%, to $3.5 million for the quarter from $3.1 million for the same period last year. As I’ve mentioned previously, we continue to view earnings from Wealth Management as an important source of revenue for the Bank. Many of our wealth clients are also borrowers and/or depositors of the Bank, reflecting our belief in the diversified suite of services we offer provides both a powerful client retention tool and effective means of consolidating business and personal finances on our platform. As further evidence of our commitment to the division, earlier this month we formally changed the name of our registered investment advisor to Orange Investment Advisors. This quarter’s results demonstrate the power of our regional business bank strategy, and I couldn’t be more pleased. While realistic about the risks and uncertainty confronting our industry, we have a seasoned and experienced team that not only knows how to assess such risks, but also a proven track record navigating challenges and, where possible, turning them into opportunities. I want to acknowledge this and thank our employees for their expertise and commitment and our customers and shareholders for their continued confidence and support.” Third Quarter 2025 and Year to Date Financial Review Net Income Net income for the third quarter of 2025 was $10.0 million, an increase of $6.8 million, or 211.5%, from net income of $3.2 million for the third quarter of 2024. The increase represents a combination of increased net interest income and non-interest income as well as reduced provision for credit losses over the same quarter last year. Net income for the nine months ended September 30, 2025 was $29.2 million, as compared to $20.7 million for the same period in 2024. The increase reflects the effect of net interest income growth combined with increased non-interest income as well as a reduced provision for credit losses during the first nine months of 2025 as compared to the prior year period. The improvements in the provision for credit losses during the third quarter of 2025 and the first nine months of 2025 as compared to the same periods in 2024 were the result of lower specific reserves associated with nonperforming loans. The increase in non-interest income includes the recognition of gain associated with the sale of a branch location coupled with a Bank Owned Life Insurance gain related to policy proceeds from a death benefit. Net Interest Income For the three months ended September 30, 2025, net interest income rose $4.0 million, or 17.3%, to $27.0 million, versus $23.0 million during the same period last year. The increase was driven primarily by a $3.5 million increase in interest and fees on loans during the current period. For the nine months ended September 30, 2025, net interest income reached $75.7 million, representing an increase of $7.0 million, or 10.2%, over the first nine months of 2024. Total interest income rose $3.1 million, or 9.8%, to $34.5 million for the three months ended September 30, 2025, compared to $31.4 million for the three months ended September 30, 2024. The increase was mainly driven by a 13.1% growth in interest and fees associated with loans during the period. For the nine months ended September 30, 2025, total interest income rose $4.6 million, or 4.9%, to $99.7 million as compared to $95.0 million for the nine months ended September 30, 2024. Total interest expense decreased $887 thousand during the third quarter of 2025, to $7.6 million, as compared to $8.5 million in the third quarter of 2024. The decrease was primarily due to the reduction of interest costs associated with brokered time deposits and lower FHLB advances and borrowings as a result of increased customer deposit levels during the quarter. Interest expense associated with FHLB advances drawn and other borrowings during the current quarter totaled $616 thousand as compared to $1.6 million during the third quarter of 2024. During the nine months ended September 30, 2025, total interest expense fell $2.4 million, to $23.9 million, as compared to $26.3 million for the same period last year. Provision for Credit Losses The Company recognized a provision for credit losses of $3.9 million for the three months ended September 30, 2025, as compared to $7.2 million for the three months ended September 30, 2024. This current quarter provision included a charge-off of a participation loan and reserves associated with certain non-accrual loans as well as the impact of the methodology associated with estimated lifetime losses and the composition of loans closed during the quarter. The allowance for credit losses to total loans was 1.51% as of September 30, 2025 versus 1.44% as of December 31, 2024. For the nine months ended September 30, 2025, the provision for credit losses totaled $6.2 million as compared to $9.7 million for the nine months ended September 30, 2024. No reserves for investment securities were recorded during the first nine months of 2025 or 2024. The nine months ended September 30, 2024 did include a credit provision associated with the recovery of $1.9 million related to Signature Bank subordinated debt which was previously written off. Non-Interest Income Non-interest income rose $2.6 million, or 62.6%, to $6.8 million for the three months ended September 30, 2025 as compared to $4.2 million for the three months ended September 30, 2024. The growth included the continued increased fee income in each of the Company’s fee income categories, including investment advisory income, trust income, and service charges on deposit accounts, as well as the recognition of $1.2 million related to a one-time BOLI death benefit payment and approximately $932 thousand of insurance proceeds related to a claim for a previous fraudulent incident. For the nine months ended September 30, 2025, non-interest income increased approximately $6.8 million, to $18.5 million, as compared to $11.7 million for the nine months ended September 30, 2024. The nine-month period in 2025 also included additional BOLI proceeds of approximately $3.6 million and a $1.2 million gain related to the sale of a branch location, partially offset by a $568 thousand loss connected to a $15 million repositioning of our investment securities portfolio. Non-Interest Expense Non-interest expense was $16.8 million for the third quarter of 2025, reflecting an increase of $894 thousand, or 5.6%, as compared to $16.0 million for the same period in 2024. The increase in non-interest expense for the current three-month period continues to reflect the Company’s commitment to growth. This investment consists primarily of increases in salaries and benefits, occupancy costs, information technology, deposit insurance, and other operating expenses. Our efficiency ratio improved to 49.9% for the three months ended September 30, 2025 from 58.8% for the same period in 2024. For the nine months ended September 30, 2025, our efficiency ratio also improved to 53.2% from 58.2% for the same period in 2024. Non-interest expense for the nine months ended September 30, 2025 reached $50.1 million, reflecting a $3.3 million increase over non-interest expense of $46.7 million for the nine months ended September 30, 2024. Income Tax Expense Provision for income taxes for the three months ended September 30, 2025 was $3.0 million, compared to $788 thousand for the same period in 2024. The increase was directly related to provisions associated with higher levels of pre-tax income as well as the effect of certain tax adjustments for the quarter. For the nine months ended September 30, 2025, the provision for income taxes was $8.7 million as compared to $5.1 million for the nine months ended September 30, 2024. Our effective tax rate for the three-month period ended September 30, 2025 was 23.0%, as compared to 19.7% for the same period in 2024. Our effective tax rate for the nine-month period ended September 30, 2025 was 23.0%, as compared to 19.9% for the same period in 2024. Financial Condition Total consolidated assets increased $126.5 million, or 5.0%, to $2.6 billion at September 30, 2025, as compared to $2.5 billion at December 31, 2024. The growth of the balance sheet included increases in cash, loans, and deposits offset by paydowns of borrowings during the current nine-month period. Total cash and due from banks increased from $150.3 million at December 31, 2024, to $189.9 million at September 30, 2025, an increase of approximately $39.6 million, or 26.3%. This increase resulted primarily from higher levels of deposit balances and the completion of the common stock offering which increased cash and due from banks during the current nine-month period. Total investment securities decreased $19.9 million, or 4.4%, from $453.5 million at December 31, 2024 to $433.6 million at September 30, 2025. The decrease was driven primarily by investment maturities during the first nine months of 2025 combined with the sale of approximately $15.0 million in securities during the period. The portfolio sale was a strategic initiative to offset a portion of the increases in non-interest income and replaced lower yielding investments in securities with higher yielding securities. Total loans increased $119.9 million, or 6.6%, from $1.8 billion at December 31, 2024 to $1.9 billion at September 30, 2025. The increase was driven by $90.5 million of growth in commercial real estate loans, $34.1 million of increased commercial real estate construction loans, $2.2 million of increased commercial and industrial loans, and $2.7 million of growth in home equity loans. These increases were partially offset by decreases within the residential real estate and consumer loan segments. Total deposits increased $125.5 million, to $2.3 billion at September 30, 2025, from $2.2 billion at December 31, 2024. This increase was due primarily to $60.8 million of growth in noninterest-bearing demand accounts; $112.1 million of growth in interest bearing demand accounts; and $61.8 million of growth in savings accounts. The increases in deposit accounts were offset by a $106.7 million decrease in certificates of deposit, mainly associated with brokered deposits utilized by the Bank for short term funding purposes, as well as a $2.5 million decrease in money market accounts. Deposit composition at September 30, 2025 included 50.7% in demand deposit accounts (including NOW accounts) as a percentage of total deposits. Uninsured deposits, net of fully collateralized municipal relationships, remain stable and represent approximately 45% of total deposits at September 30, 2025, as compared to 39% of total deposits at December 31, 2024. FHLBNY short-term borrowings decreased by $91.0 million, or 80.2%, to $22.5 million as of September 30, 2025, as compared to $113.5 million at December 31, 2024. The decrease in borrowings continues to be driven by increased deposits which outpaced loan growth during the first nine months of 2025 and allowed for paydowns of borrowings while maintaining higher levels of cash at September 30, 2025. The decrease in borrowings continues to reflect a strategic decision to manage liquidity sources and take advantage of opportunities to reduce funding costs. Stockholders’ equity experienced an increase of approximately $84.6 million during the first nine months of 2025, reaching $270.1 million at September 30, 2025 from $185.5 million at December 31, 2024. The increase was due to the combination of a completed common stock offering which netted approximately $43 million, earnings of approximately $29.2 million, and a decrease in unrealized losses of approximately $15.6 million on the market value of investment securities within the Company’s equity as accumulated other comprehensive income (loss) (“AOCI”), net of taxes. At September 30, 2025, the Bank maintained capital ratios in excess of regulatory standards for well capitalized institutions. The Bank’s Tier 1 capital to average assets ratio was 12.31%, both common equity and Tier 1 capital to risk weighted assets were 16.78%, and total capital to risk weighted assets was 18.03%. Wealth Management At September 30, 2025, our Wealth Management Division, which includes trust and investment advisory, totaled $1.9 billion in assets under management or advisory, as compared to $1.8 billion at December 31, 2024, a 6.6% increase. Trust and investment advisory income for the quarter ended September 30, 2025 reached $3.5 million, an increase of 13.3%, or $416 thousand, as compared to $3.1 million for the quarter ended September 30, 2024. The breakdown of trust and investment advisory assets as of September 30, 2025 and December 31, 2024, respectively, is as follows: Loan Quality At September 30, 2025, the Bank had total non-performing loans of $12.2 million, or 0.63% of total loans. Total non-accrual loans represented approximately $12.2 million of loans as of September 30, 2025, compared to $6.3 million at December 31, 2024. The increase in non-accrual loans continues to represent several different loans which experienced payment disruption during 2025 and remain non-performing and in non-accrual status at quarter end. Liquidity Management believes the Bank has the necessary liquidity to meet normal business needs. The Bank uses a variety of resources to manage its liquidity position. These include short term investments, cash from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits exceeding $250,000, brokered deposits, FHLBNY advances, and other borrowings. As of September 30, 2025, the Bank’s cash and due from banks totaled $189.9 million. The Bank maintains an investment portfolio of securities available for sale, comprised mainly of US Government agency and treasury securities, Small Business Administration loan pools, mortgage-backed securities, and municipal bonds. Although the portfolio generates interest income for the Bank, it also serves as an available source of liquidity and funding. As of September 30, 2025, the Bank’s investment in securities available for sale was $426.6 million, of which $66.0 million was not pledged as collateral. Additionally, as of September 30, 2025, the Bank’s overnight advance line capacity at the Federal Home Loan Bank of New York was $643.4 million, of which $76.4 million was used to collateralize municipal deposits and $10.0 million was utilized for long term advances. As of September 30, 2025, the Bank’s unused borrowing capacity with the FHLBNY was $557.0 million. The Bank also maintains additional borrowing capacity of $20 million with other correspondent banks. Additional funding is available to the Bank through the discount window lending by the Federal Reserve. At September 30, 2025, the Bank also held $66.7 million of collateral at the Federal Reserve Bank which could be utilized to provide additional funding through the discount window and an additional $171.1 million was available in borrowings through the Federal Reserve Bank’s Borrower-In-Custody (“BIC”) program. The BIC program is collateralized by loans not pledged to the FHLBNY or any other source. The Bank also considers brokered deposits an element of its deposit strategy. As of September 30, 2025, the Bank had brokered deposit arrangements with various terms totaling $80.0 million. About Orange County Bancorp, Inc Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Orange Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Orange Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward Looking Statements Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, tariffs, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information: Michael Lesler EVP & Chief Financial Officer [email protected] Phone: (845) 341-5111

Net Income increased $2.3 million, or 27.4%, to $10.5 million for the quarter ended June 30, 2025 from $8.2 million for the quarter ended June 30, 2024 Net Interest Income grew $1.0 million, or 4.2%, to $25.1 million for the quarter ended June 30, 2025, as compared to $24.1 million for the quarter ended June 30, 2024 Total Deposits rose $123.4 million, or 5.7%, to $2.3 billion at June 30, 2025, from $2.2 billion at year-end 2024 Total Loans increased $102.1 million, or 5.6%, to $1.9 billion at June 30, 2025, from $1.8 billion at year-end 2024 Book value per share increased $2.55, or 15.6%, to $18.90 at June 30, 2025, from $16.35 at December 31, 2024 Trust and investment advisory income rose 14.8%, to $3.4 million for the quarter ended June 30, 2025, from $3.0 million for the quarter ended June 30, 2024 MIDDLETOWN, N.Y., July 30, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the “Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Company (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced net income of $10.5 million, or $0.87 per basic and diluted share, for the three months ended June 30, 2025. This compares with net income of $8.2 million, or $0.73 per basic and diluted share, for the three months ended June 30, 2024. The increase in earnings per share, basic and diluted, was due primarily to increases in net interest income and total noninterest income partially offset by an increase in non-interest expense during the current period. For the six months ended June 30, 2025, net income reached $19.2 million, or $1.64 per basic and diluted share, as compared to $17.5 million, or $1.55 per basic and diluted share, for the six months ended June 30, 2024. Book value per share rose $2.55, or 15.6%, from $16.35 at December 31, 2024, to $18.90 at June 30, 2025. Tangible book value per share increased $2.65, or 16.8%, from $15.80 at December 31, 2024, to $18.45 at June 30, 2025 (see “Non-GAAP Financial Measure Reconciliation” below for additional detail). These increases were due to increased earnings during the six months ended June 30, 2025 and a reduction of unrealized losses in the available for sale securities (“AFS”) portfolio coupled with net proceeds of approximately $43 million from completion of a follow-on common stock offering during the second quarter of 2025. “I am pleased to report Orange County Bank had a very productive and successful second quarter,” said Company President and CEO Michael Gilfeather. “Nearly every segment of the Bank turned in strong financial performance, yielding $10.5 million of net income for the period, a $2.3 million, or 27% increase over the same quarter last year. These results include several one-time gains but also reflect continued strength in financial performance as we execute on our full-service, business banking strategy. We also completed a $46 million follow-on common stock offering during the quarter, strengthening our financial position and giving us the flexibility to continue to expand our lending business in a prudent manner while improving trading liquidity in our stock. On a per share basis, we earned $0.87 a share for the quarter ended June 30, 2025, versus $0.73 for the same quarter last year. Key to our strong financial performance was continued growth of our loan portfolio. Year to date, total loans increased $102.1 million, or 5.6%, to $1.9 billion at quarter end. Despite uncertainty surrounding tariff policy, loan demand and economic activity in the communities we serve remains strong, but we continue to exercise prudence in underwriting. Year-to-date, we have grown our loan portfolio without a significant change in loan yields. The average yield on our loan portfolio was 6.02% for the first half of 2025, down modestly from 6.06% for the first half of the prior year. Deposit growth also remains robust, with total deposits up $123.4 million year-to-date to $2.3 billion, a 5.7% increase over year end 2024. These new deposits were organically sourced, enabling us to replace $74 million of higher cost brokered deposits with lower cost Bank client funds. Our cost of deposits for the three months ended June 30, 2025 was 1.30%. We consider our low-cost deposit base a key competitive advantage of the Bank, and while there is some seasonality to these numbers, we have been highly intentional in growing this important driver of our success. Given that rates on both deposits and loans remained largely unchanged through the first half of the year, it stands to reason net interest margin remained stable as well. For the three months ended June 30, 2025, our net interest margin stood at an impressive 4.06%. Our Wealth Management division also continued its run of increasing contributions to performance with nearly 15% growth, to $3.4 million for the current quarter from $3.0 million for the same period last year. Earnings from Wealth Management, which is comprised of Trust and Investment Advisory Services, is an important source of revenue for the Company. Orange Wealth Management represents a value-added expansion of our traditional banking business which provides greater service and leads to the creation of more fees and revenues per client. In addition, many of the group’s clients are also borrowers and/or depositors of the Bank. Given our successful capital raise and further growth in loans, deposits, and wealth management, we had a strong second quarter. I want to once again acknowledge that none of this could happen without the experience, expertise and commitment from our employees. I thank them and our customers and shareholders for their continued confidence and support.” Second Quarter 2025 Financial Review Net Income Net income for the second quarter of 2025 was $10.5 million, an increase of $2.3 million, or 27.4%, from net income of $8.2 million for the second quarter of 2024. The increase represents a combination of increased net interest income and non-interest income over the same quarter last year. Net income for the six months ended June 30, 2025 was $19.2 million, as compared to $17.5 million for the same period in 2024. The increase reflects the effect of net interest income growth combined with increased non-interest income during the first six months of 2025 as compared to the prior year period. These improvements were partially offset by higher provision for credit losses in the first half of 2025 as compared to a $1.9 million recovery recognized through the provision during the first half of 2024 and associated with Signature Bank subordinated debt. The increase in non-interest income includes the recognition of gain associated with the sale of a branch location coupled with a Bank Owned Life Insurance gain related to policy proceeds from a death benefit. Net Interest Income For the three months ended June 30, 2025, net interest income rose $1.0 million, or 4.2%, to $25.1 million, versus $24.1 million during the same period last year. The increase was driven primarily by a $712 thousand increase in interest and fees combined with a $309 thousand reduction in interest expense during the current period. For the six months ended June 30, 2025, net interest income reached $48.8 million representing an increase of $3.0 million, or 6.7%, over the first half of 2024. Total interest income rose $712 thousand, or 2.2%, to $33.2 million for the three months ended June 30, 2025, compared to $32.5 million for the three months ended June 30, 2024. The increase was driven mainly by 5.0% growth in interest and fees associated with loans. For the six months ended June 30, 2025, total interest income rose $1.6 million, or 2.4%, to $65.1 million as compared to $63.6 million for the six months ended June 30, 2024. Total interest expense decreased $309 thousand during the second quarter of 2025, to $8.1 million, as compared to $8.4 million in the second quarter of 2024. The decrease was primarily due to the reduction of interest costs associated with FHLB advances and borrowings as a result of increased deposit levels during the quarter. Interest expense associated with FHLB advances drawn and other borrowings during the current quarter totaled $375 thousand as compared to $890 thousand during the second quarter of 2024. During the six months ended June 30, 2025, total interest expense fell $1.5 million, to $16.4 million, as compared to $17.9 million for the same period last year. Provision for Credit Losses The Company recognized a provision for credit losses of $2.1 million for the three months ended June 30, 2025, as compared to $2.2 million for the three months ended June 30, 2024. This current quarter provision was primarily driven by reserves associated with a specific non-accrual loan as well as the impact of the methodology associated with estimated lifetime losses and the types of loans closed during the quarter. The allowance for credit losses to total loans was 1.48% as of June 30, 2025 versus 1.44% as of December 31, 2024. For the six months ended June 30, 2025, the provision for credit losses totaled $2.3 million as compared to $570 thousand, net of recovery, for the six months ended June 30, 2024. No reserves for investment securities were recorded during the first half of 2025 or 2024, respectively. Non-Interest Income Non-interest income rose $3.5 million, or 92.2%, to $7.3 million for the three months ended June 30, 2025 as compared to $3.8 million for the three months ended June 30, 2024. The growth included the continued increased fee income within each of the Company’s fee income categories, including investment advisory income, trust income, and service charges on deposit accounts, as well as certain one-time items during the quarter. These items represented the recognition of a $1.2 million gain associated with the sale of a branch location and approximately $2.4 million of income associated with BOLI payments related to a death benefit offset by a tactical loss of approximately $727 thousand recorded on the sale of certain securities to reposition a small portion of the portfolio and replace with higher yielding securities. For the six months ended June 30, 2025, non-interest income increased approximately $4.2 million, to $11.7 million, as compared to $7.5 million for the six months ended June 30, 2024. Non-Interest Expense Non-interest expense was $16.8 million for the second quarter of 2025, reflecting an increase of $1.3 million, or 8.2%, as compared to $15.5 million for the same period in 2024. The increase in non-interest expense for the current three-month period continues to reflect the Company’s commitment to growth. This investment consists primarily of increases in occupancy costs, information technology, and professional fees. Our efficiency ratio improved to 51.6% for the three months ended June 30, 2025, from 55.5% for the same period in 2024. For the six months ended June 30, 2025, our efficiency ratio decreased to 55.0% from 57.9% for the same period in 2024. Non-interest expense for the six months ended June 30, 2025 reached $33.3 million, reflecting a $2.5 million increase over non-interest expense of $30.8 million for the six months ended June 30, 2024. Income Tax Expense Provision for income taxes for the three months ended June 30, 2025 was $3.1 million, compared to $2.0 million for the same period in 2024. The increase was directly related to provisions associated with higher levels of pre-tax income as well as the effect of certain tax adjustments for the quarter. For the six months ended June 30, 2025, the provision for income taxes was $5.7 million as compared to $4.3 million for the six months ended June 30, 2024. Our effective tax rate for the three-month period ended June 30, 2025 was 23.0%, as compared to 19.7% for the same period in 2024. Our effective tax rate for the six-month period ended June 30, 2025 was 23.0%, as compared to 19.9% for the same period in 2024. Financial Condition Total consolidated assets increased $96.3 million, or 3.8%, to $2.6 billion at June 30, 2025 from $2.5 billion at December 31, 2024. The growth of the balance sheet included increases in cash, loans, and deposits as well as paydowns of borrowings during the current six-month period. Total cash and due from banks increased from $150.3 million at December 31, 2024, to $175.6 million at June 30, 2025, an increase of approximately $25.3 million, or 16.8%. This increase resulted primarily from higher levels of deposit balances and the completion of the common stock offering which increased cash and due from banks. Total investment securities fell $37.1 million, or 8.2%, from $453.5 million at December 31, 2024 to $416.4 million at June 30, 2025. The decrease was driven primarily by investment maturities during the first six months of 2025 combined with the sale of approximately $15.0 million in securities at quarter end. The portfolio sale was a strategic initiative to offset a portion of the increases in non-interest income and replaced the investments with higher yielding securities. Total loans increased $102.1 million, or 5.6%, from $1.8 billion at December 31, 2024 to $1.9 billion at June 30, 2025. The increase was driven by $72.4 million of growth in commercial real estate loans, $30.5 million of increased commercial real estate construction loans, $6.5 million of increased commercial and industrial loans, and $1.8 million of growth in home equity loans. These increases were offset by decreases within the residential real estate and consumer loan segments. Total deposits increased $123.4 million, to $2.3 billion at June 30, 2025, from $2.2 billion at December 31, 2024. This increase was due primarily to $36.0 million of growth in noninterest-bearing demand accounts; $98.2 million of growth in interest bearing demand accounts; $14.1 million of growth in money market accounts; and $51.8 million of growth in savings accounts. The increases in deposit accounts were offset by a $76.7 million decrease in certificates of deposit, mainly associated with brokered deposits utilized by the Bank for short term funding purposes. Deposit composition at June 30, 2025 included 49.0% in demand deposit accounts (including NOW accounts) as a percentage of total deposits. Uninsured deposits, net of fully collateralized municipal relationships, remain stable and represent approximately 43% of total deposits at June 30, 2025 as compared to 39% of total deposits at December 31, 2024. FHLBNY short-term borrowings were $21.0 million at June 30, 2025 down from $113.5 million at December 31, 2024. The decrease in borrowings continues to be driven by increased deposits which outpaced loan growth during the first half of 2025 and allowed for paydowns of borrowings while maintaining higher levels of cash at June 30, 2025. The decrease in borrowings reflects a strategic decision to manage liquidity sources and take advantage of opportunities to reduce funding costs. Stockholders’ equity experienced an increase of approximately $67.1 million during the first half of 2025, reaching $252.6 million at June 30, 2025 from $185.5 million at December 31, 2024. The increase was due to the combination of a completed common stock offering which netted approximately $43 million, earnings of approximately $19.2 million, and a decrease in unrealized losses of approximately $6.3 million on the market value of investment securities within the Company’s equity as accumulated other comprehensive income (loss) (“AOCI”), net of taxes. At June 30, 2025, the Bank maintained capital ratios in excess of regulatory standards for well capitalized institutions. The Bank’s Tier 1 capital to average assets ratio was 12.40%, both common equity and Tier 1 capital to risk weighted assets were 16.36%, and total capital to risk weighted assets was 17.61%. Wealth Management At June 30, 2025, our Wealth Management Division, which includes trust and investment advisory, totaled $1.8 billion in assets under management or advisory, a 2.5% increase over December 31, 2024. Trust and investment advisory income for the quarter ended June 30, 2025 reached $3.4 million, a $437 thousand, or 14.8%, increase as compared to $3.0 million for the quarter ended June 30, 2024. The breakdown of trust and investment advisory assets as of June 30, 2025 and December 31, 2024, respectively, is as follows: Loan Quality At June 30, 2025, the Bank had total non-performing loans of $11.7 million, or 0.61% of total loans. Total non-accrual loans represented approximately $11.7 million at June 30, 2025 compared to $6.3 million at December 31, 2024. The increase in non-accrual loans represents several different loans that have experienced payment disruption during the quarter and are at various stages of collection. Liquidity Management believes the Bank has the necessary liquidity to meet normal business needs. The Bank uses a variety of resources to manage its liquidity position. These include short term investments, cash from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits exceeding $250,000, brokered deposits, FHLBNY advances, and other borrowings. As of June 30, 2025, the Bank’s cash and due from banks totaled $175.6 million. The Bank maintains an investment portfolio of securities available for sale, comprised mainly of US Government agency and treasury securities, Small Business Administration loan pools, mortgage-backed securities, corporate bonds, and municipal bonds. Although the portfolio generates interest income for the Bank, it also serves as an available source of liquidity and funding. As of June 30, 2025, the Bank’s investment in securities available for sale was $410.8 million, of which $66.8 million was not pledged as collateral and additional $74.3 million with the Federal Reserve which is not specifically designated to any borrowings. Additionally, as of June 30, 2025, the Bank’s overnight advance line capacity at the Federal Home Loan Bank of New York was $628.2 million, of which $76.4 million was used to collateralize municipal deposits and $10.0 million was utilized for long term advances. As of June 30, 2025, the Bank’s unused borrowing capacity at the FHLBNY was $541.8 million. The Bank also maintains additional borrowing capacity of $20 million with other correspondent banks. Additional funding is available to the Bank through the discount window lending by the Federal Reserve. At June 30, 2025, the Bank also held $74.3 million of collateral at the Federal Reserve Bank which could be utilized to provide additional funding through the discount window. The Bank also considers brokered deposits an element of its deposit strategy. As of June 30, 2025, the Bank had brokered deposit arrangements with various terms totaling $106.5 million. About Orange County Bancorp, Inc Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward Looking Statements Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, tariffs, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For further information: Michael Lesler EVP & Chief Financial Officer [email protected] Phone: (845) 341-5111

Orange County Bancorp, Inc. (OBT) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.47%. A quarter ago, it was expected that this company would post earnings of $0.67 per share when it actually produced earnings of $0.77, delivering a surprise of +14.93%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Orange County Bancorp, Inc., which belongs to the Zacks Banks - Northeast industry, posted revenues of $32.46 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.65%. This compares to year-ago revenues of $27.93 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Orange County Bancorp, Inc. shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 8.3%. While Orange County Bancorp, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Orange County Bancorp, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.71 on $30.2 million in revenues for the coming quarter and $3.05 on $118.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Citizens & Northern (CZNC), has yet to report results for the quarter ended June 2025. This bank is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +17.5%. The consensus EPS estimate for the quarter has been revised 8.2% higher over the last 30 days to the current level. Citizens & Northern's revenues are expected to be $28.2 million, up 2.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report Citizens & Northern Corp (CZNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Mid Bancshares (FMBH) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.13%. A quarter ago, it was expected that this bank holding company would post earnings of $0.82 per share when it actually produced earnings of $0.87, delivering a surprise of 6.10%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. First Mid Bancshares , which belongs to the Zacks Banks - Northeast industry, posted revenues of $84.27 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.50%. This compares to year-ago revenues of $79.95 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Mid Bancshares shares have lost about 7.6% since the beginning of the year versus the S&P 500's decline of -5.5%. While First Mid Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Mid Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $83.7 million in revenues for the coming quarter and $3.61 on $339.35 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Orange County Bancorp, Inc. (OBT), has yet to report results for the quarter ended March 2025. This company is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of -19.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Orange County Bancorp, Inc.'s revenues are expected to be $27 million, up 6.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research