The school was criticised last year because it failed to meet the Government benchmark of 30 per cent of candidates achieving five or more GCSE grades C and above, including maths and English.
But concerns were replaced with jubilation as pupils r
ipped open their results this morning.
A total of 37 per cent of pupils achieved five or more grades A* to C including English and Maths - an increase of nine per cent.
Principal Fiona Hammans said: "We have been expecting record results from these students and they have exceeded even our targets.
"I am so impressed with all of them - the whole community should congratulate them and be proud of the next generation of Banburians."
In contrast,
North Oxfordshire Academy - receiving results for the first time since the transformation from Drayton School - is still hovering below the government benchmark.
Of the 107 candidates taking the exams, 28 per cent of pupils achieved five or more GCSE grades C and above, including English and Maths.
But this was 16 per cent more than the 12 per cent achieved by pupils last year when it was Drayton School.
For the full story, see next Thursday's Banbury Guardian.