OBNK - OBNK STOCK NEWS

Origin Bancorp, Inc. (OBNK) reported a net income of $24.3 million, or $0.79 diluted earnings per share, for Q1 2023, down from $29.5 million ($0.95 EPS) in Q4 2022 and up from $20.7 million ($0.87 EPS) in Q1 2022. Total loans reached $7.04 billion, a 3.4% increase quarter-over-quarter, while total deposits rose 5.1% to $8.17 billion. Book value per share improved by 4.4% to $32.25. Noninterest income increased 22.0% to $16.4 million, driven by higher insurance commission and mortgage banking revenue. However, net interest income dipped 9.0% to $77.1 million, impacted by rising interest expenses. The company maintained a robust Tier 1 capital ratio of 11.08%.

Origin Bancorp, Inc. (Nasdaq: OBNK) has declared a quarterly cash dividend of $0.15 per share on April 26, 2023. This dividend will be paid on May 31, 2023, to shareholders recorded by the close of business on May 15, 2023. Origin focuses on personalized relationship banking across several states, with 60 banking centers located primarily in Texas and Louisiana. Established in 1912, the company continues to offer a range of financial services while remaining committed to enriching the communities it serves. Investors should note that future dividends depend on the company's performance and underlying economic conditions, as indicated in their forward-looking statements.

Origin Bancorp, Inc. (Nasdaq: OBNK) based in Ruston, Louisiana, is set to release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call for discussion will be held on April 27, 2023, at 8:00 AM CT, hosted by key executives including Drake Mills and William J. Wallace, IV. Investors can join the call via phone or access a live audio-only webcast through Origin’s website. The company, which operates 60 banking centers across Texas, Louisiana, and Mississippi, emphasizes a culture of providing personalized banking services since its founding in 1912. For further details, visit www.origin.bank.

Origin Bancorp (OBNK) reported a net income of $29.5 million, or $0.95 diluted EPS, for Q4 2022, marking a significant rise from $16.2 million in Q3 2022. However, annual diluted EPS fell to $3.28, a 28.7% decline from $4.60 in 2021. The net interest margin improved to 3.81%, and net interest income increased by 7.9% quarter-over-quarter, reaching $84.7 million. The company’s total loans held for investment reached $7.09 billion, marking a 3.0% increase from September 2022. The allowance for loan credit losses decreased significantly, reflecting improved credit quality metrics.

On January 25, 2023, Origin Bancorp (Nasdaq: OBNK) announced a quarterly cash dividend of $0.15 per share for its common stock. This dividend will be paid on February 28, 2023, to shareholders on record as of February 15, 2023. The financial holding company, headquartered in Ruston, Louisiana, operates through Origin Bank, which was established in 1912 and serves various clients across Texas, Louisiana, and Mississippi. Origin Bancorp is committed to personalized banking, offering a range of financial services.

Origin Bancorp, Inc. (Nasdaq: OBNK) will release its fourth quarter and full year 2022 results on January 25, 2023, post-market. A conference call is scheduled for January 26, 2023, at 8:00 a.m. CT (9:00 a.m. ET), featuring management including Drake Mills, Chairman and CEO, and William J. Wallace, IV, CFO. For those unable to attend live, an audio-only webcast will be available on Origin's website and archived later for review. Origin operates 59 banking centers across Texas, Louisiana, and Mississippi, focusing on personalized banking services for various clients.

On October 26, 2022, Origin Bancorp, Inc. (Nasdaq: OBNK) announced a quarterly cash dividend of $0.15 per share. This dividend will be distributed on November 30, 2022, to shareholders on record as of the close of business on November 16, 2022. Origin Bancorp, headquartered in Ruston, Louisiana, provides diverse financial services through its subsidiary, Origin Bank, which operates 59 branches across North Louisiana, East Texas, and Mississippi.

Origin Bancorp reported net income of $16.2 million for Q3 2022, down 24% from the previous quarter and down 40% year-over-year. The diluted earnings per share was $0.57, compared to $0.90 and $1.14 in the linked quarter and prior year, respectively. Adjusted net income stood at $31.1 million. The merger with BT Holdings resulted in $18.5 million in expenses, primarily for loan credit losses. Net interest income rose 32% quarter-over-quarter to $78.5 million, driven by a high net interest margin of 3.68%.