Origin Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend

Rhea-AI Summary

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.

Positive

• Quarterly cash dividend of $0.15 per share declared.
• Dividend payment date set for May 31, 2023.
• Established company since 1912, signifying stability.

Negative

• None.

RUSTON, La., April 26, 2023 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (Nasdaq: OBNK) ("Origin"), the holding company for Origin Bank, today announced that on April 26, 2023, its board of directors declared a quarterly cash dividend of $0.15 per share of its common stock. The cash dividend will be paid on May 31, 2023, to stockholders of record as of the close of business on May 15, 2023.

About Origin Bancorp, Inc.

Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized, relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates 60 banking centers located in Dallas/Fort Worth, East Texas, Houston, North Louisiana and Mississippi. For more information, visit www.origin.bank.

Forward-Looking Statements

When used in filings by Origin Bancorp, Inc. (the "Company") with the Securities and Exchange Commission (the "SEC"), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" or variations of such terms" are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Factors that might cause such a difference include among other things: the expected payment date of its quarterly cash dividend; changes in economic conditions; other legislative changes generally; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; competition; and changes in management’s business strategies and other factors set forth in the Company's filings with the SEC.

The Company does not undertake and specifically declines any obligation - to update or revise any forward-looking statements to reflect events or circumstances that occur after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information
Investor Relations
Chris Reigelman
318-497-3177
chris@origin.bank

Media Contact
Ryan Kilpatrick
318-232-7472
rkilpatrick@origin.bank

FAQ

What is the dividend amount declared by Origin Bancorp (OBNK) for April 2023?

Origin Bancorp declared a quarterly cash dividend of $0.15 per share.

When will the dividend for Origin Bancorp (OBNK) be paid?

The dividend will be paid on May 31, 2023.

What is the record date for the Origin Bancorp (OBNK) dividend?

The record date for the dividend is May 15, 2023.

How often does Origin Bancorp (OBNK) pay dividends?

Origin Bancorp typically pays dividends quarterly.