OBT earnings analysis
What we found in OBT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Q2 2026 EPS rose to $1.02 from $0.85 in Q1 2026 and $0.87 a year earlier, but revenue fell to $27.815 million from $39 million and $41 million, respectively. The filing excerpt does not provide gross margin, operating margin, cash flow, balance-sheet, or segment disclosures, limiting assessment of operating quality. Management provided no quantitative guidance, while modeled exposure to falling rates remains material, including a 23.26% EVE decline under a 300-basis-point rate decrease.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS increased sequentially and year over year
- Diluted EPS was $1.02, up from $0.85 in the prior quarter and $0.87 in the prior-year quarter, increases of approximately 20% and 17%, respectively.
- Revenue contracted materially
- Revenue was $27.815 million, down from $39 million in Q1 2026 and $41 million in Q2 2025, declines of approximately 29% and 32%, respectively.
- Net income improved year over year
- The earnings release reported a $13.7 million net-income quarter, versus $10.5 million a year earlier; the filing excerpt does not provide a full income statement or margin detail.
- Moderate modeled rate sensitivity
- The bank-only net-interest-income model estimates a $5.506 million, or 4.62%, increase over the next 12 months under an instantaneous 100-basis-point rate increase; a 100-basis-point decline would reduce net interest income by $5.847 million, or 4.90%.
- EVE benefits under rising-rate scenario
- Economic value of equity was modeled at $839.633 million under a 300-basis-point rate increase, $79.849 million or 10.51% above the base case of $759.784 million.
- Commercial-loan litigation resolved
- The company disclosed that its lawsuit against Valley National Bank was resolved through a confidential settlement agreement entered on May 20, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Downside exposure to falling rates
- A 300-basis-point decline in rates would reduce modeled EVE to $583.041 million, a decrease of $176.743 million or 23.26% from the $759.784 million base case.
- Net interest income rate risk
- A 200-basis-point decline in rates would reduce modeled 12-month net interest income by $11.713 million, or 9.82%, under the filing's instantaneous parallel-shift assumptions.
- Loan portfolio credit risk
- The filing identifies credit risk in the loan portfolio and states that diversification includes commercial loans, 1-4 family mortgages and consumer loans; however, it provides no current-period credit-loss or nonperforming-loan amount in the supplied excerpt.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.02
What they said about what is next.
No quantitative revenue or EPS outlook was provided in the filing. Risk Factors state that there was no material change from the 2025 Form 10-K filed March 16, 2026.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 11, 2026
- Orange County Bancorp, Inc. reported strong financial results for Q1 2026, highlighting a revenue of $32.1 million, a 7.9% increase year-over-year, and an EPS of $0.85, reflecting a 10.4% rise. The company's net income…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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