Welcome to our dedicated page for Origin Bancorp news (Ticker: OBK), a resource for investors and traders seeking the latest updates and insights on Origin Bancorp stock.
Origin Bancorp, Inc. (symbol: OBK) is a well-established financial holding company headquartered in Ruston, Louisiana. Origin Bank, its wholly-owned subsidiary, was founded in 1912 and is deeply rooted in providing personalized, relationship banking services to businesses, municipalities, and individuals. With a mission to make banking more rewarding for its stakeholders, the bank currently operates over 60 banking centers across Dallas/Fort Worth, East Texas, Houston, North Louisiana, and Mississippi, with planned expansions into South Alabama and the Florida Panhandle.
Origin Bancorp specializes in community banking and offers a wide array of financial services. These services include attracting deposits from both individuals and businesses, and using these funds along with borrowed capital to originate commercial, residential mortgage, construction, and consumer loans. The company earns the majority of its revenue from interest on loans and investments, as well as service charges and fees on deposit accounts.
Recent achievements highlight Origin's robust financial condition. Net interest income for the latest quarter was $73.3 million, with significant contributions from increased average loan balances. The bank has also demonstrated effective management of interest income and expenses amidst a challenging interest rate landscape, maintaining a stable net interest margin. Furthermore, Origin has strategically focused on mitigating risks associated with nonperforming assets, ensuring strong credit quality and financial health.
In terms of partnerships and current projects, Origin continues to build long-lasting relationships with its clients and community. The bank is also expanding its reach with new locations in strategic areas, aligning with its long-term growth strategy.
For more detailed and up-to-date information, including the latest news and financial reports, visit Origin's official website.
Origin Bancorp (NYSE: OBK) has appointed Cecil Jones to its Board of Directors. Jones, a certified public accountant with over 30 years of experience in financial institutions, currently serves as partner-in-charge of the Financial Institutions Group at Whitley Penn LLP. He will retire from this role on December 31, 2024. Jones brings extensive expertise in audits, acquisition reviews, financial statement preparation, and SEC filings. He holds a BS in Business Administration from Missouri Western University and is a member of the American Institute of CPAs and Texas Society of CPAs.
Origin Bancorp (NYSE: OBK) reported net income of $18.6 million, or $0.60 diluted earnings per share for Q3 2024, compared to $21.0 million, or $0.67 per share in Q2 2024. Net interest income increased by $914,000 to $74.8 million. Total loans held for investment remained stable at $7.96 billion. Noninterest-bearing deposits increased by $27.1 million to $1.89 billion. Book value per share rose 4.3% to $36.76, while tangible book value per share increased 5.4% to $31.37. The company's common equity Tier 1 capital ratio improved to 12.46% from 12.15% in the previous quarter.
Origin Bancorp (NYSE: OBK) announced that its board of directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on November 29, 2024, to stockholders of record as of the close of business on November 15, 2024. Origin Bancorp is the holding company for Origin Bank.
Origin Bancorp, Inc. (NYSE: OBK), the financial holding company for Origin Bank, has announced its plans to release third quarter 2024 earnings results. The company will issue the results after the market closes on Wednesday, October 23, 2024, followed by a conference call to discuss the results on Thursday, October 24, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of Origin, and Lance Hall, President and CEO of Origin Bank. Participants can join the call by dialing specific numbers or access a simultaneous audio-only webcast via Origin's website. For those unable to attend, the webcast will be archived on the Investor Relations section of Origin's website.
Origin Bancorp (NYSE: OBK), the holding company for Origin Bank, has announced a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on August 30, 2024, to stockholders of record as of the close of business on August 15, 2024. This declaration demonstrates Origin's commitment to providing consistent returns to its shareholders and reflects the company's financial stability. The dividend payment serves as a tangible benefit for investors, potentially attracting new shareholders and reinforcing the confidence of existing ones in the company's performance and future prospects.
Origin Bancorp, Inc. (NYSE: OBK) reported net income of $21.0 million, or $0.67 diluted earnings per share for Q2 2024, compared to $22.6 million, or $0.73 per share in Q1 2024. Key highlights include:
- Total loans held for investment increased by 0.7% to $7.96 billion
- Total deposits grew slightly by 0.1% to $8.51 billion
- Noninterest income rose 30.2% to $22.5 million, a record high
- Book value per share increased 1.3% to $35.23
- Common equity Tier 1 capital ratio improved to 12.15%
The company faced challenges related to questioned activity involving a single banker in East Texas, resulting in increased nonperforming loans and credit loss provisions. Despite this, Origin maintained strong capital ratios and saw growth in key areas.
Origin Bancorp (NYSE: OBK) will release its second quarter 2024 financial results after the market closes on July 24, 2024. The company will hold a conference call to discuss these results on July 25, 2024, at 8:00 a.m. Central Time. The call will be hosted by Drake Mills (Chairman, President, and CEO), William J. Wallace, IV (CFO), and Lance Hall (President and CEO of Origin Bank).
Participants can join via phone or through a live audio webcast accessible on Origin's website. For those unable to attend, an archived version of the webcast will be available in the Investor Relations section of Origin’s website.
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