OBNK - OBNK STOCK NEWS

Origin Bancorp, Inc. (Nasdaq: OBNK) has successfully completed the merger between its subsidiary, BTH Bank, N.A., and Origin Bank, effective October 7, 2022. This merger enhances Origin's market position in East Texas and strengthens its presence in the Dallas and Fort Worth regions. Following the merger, Origin now manages approximately $9.46 billion in assets, $6.88 billion in loans, and $7.78 billion in deposits. The integration aims to provide a high-quality banking experience for former BTH Bank customers.

Origin Bancorp, Inc. (Nasdaq: OBNK) has successfully completed its acquisition of BT Holdings, Inc., effective August 1, 2022. This merger strengthens Origin's presence in East Texas and enhances its Dallas and Fort Worth markets. Following the acquisition, Origin's total assets amount to approximately $9.78 billion, with $6.68 billion in loans and $7.98 billion in deposits. BTH Bank will continue to operate separately until a full merger is expected in the fourth quarter of 2022. Key personnel from BTH have joined Origin’s management team, reinforcing local decision-making and customer focus.

Origin Bancorp, Inc. (Nasdaq: OBNK) announced a quarterly cash dividend of $0.15 per share, declared on July 27, 2022. This dividend will be paid on August 31, 2022, to shareholders recorded by the close of business on August 17, 2022. Origin Bancorp operates 45 banking centers across Texas and Louisiana and is committed to personalized banking services.

Origin Bancorp, Inc. (Nasdaq: OBNK) has appointed Wally Wallace as the new Chief Financial Officer, effective immediately. Wallace, with over 18 years in the financial sector, will oversee the finance team and collaborate with Senior Executive Steve Brolly, now Chief Accounting Officer, to shape the company's strategic direction. Chairman Drake Mills expressed enthusiasm about Wallace's onboarding and the potential for growth in the partnership between Finance and Accounting departments. Wallace is poised to leverage his experience in regional and community banks to enhance Origin's established reputation.

Origin Bancorp, Inc. (OBNK) reported a net income of $21.3 million or $0.90 diluted EPS for Q2 2022, a rise from $20.7 million or $0.87 in Q1 2022 but down from $27.7 million or $1.17 in Q2 2021. Key metrics included a 29% annualized loan growth, bringing total loans held for investment to $5.0 billion. The net interest margin improved to 3.23%, up 37 basis points from Q1 2022. However, noninterest income decreased by 10.6% to $14.2 million. The company anticipates closing the merger with BTH on August 1, 2022.

Origin Bancorp (OBNK) will announce its second quarter 2022 results after market close on July 27, 2022. A conference call to discuss these results is scheduled for July 28, 2022, at 8:00 a.m. CT. The call will feature key executives, including Chairman and CEO Drake Mills and CFO Steve Brolly. Investors can participate via dial-in or through a live webcast on Origin's website. The company, based in Ruston, Louisiana, operates 45 banking centers across Texas, Louisiana, and Mississippi, providing a variety of financial services.

Origin Bancorp (Nasdaq: OBNK) has received shareholder and regulatory approval for its merger with BT Holdings (BTH), as announced on June 30, 2022. This merger is a significant step in consolidating their operations, with expected closure in Q3 2022, pending customary conditions. BTH’s leadership will join Origin’s board post-merger, enhancing governance. The merger aims to strengthen both banks' commitment to clients and communities while expanding their service capabilities across Texas and Louisiana.

Origin Bancorp, Inc. (Nasdaq: OBNK) announced the election of Daniel Chu as a new director during its annual stockholder meeting on April 27, 2022. Chu, the founder and CEO of Tricolor Holdings, has over 25 years of experience in auto finance and a proven track record in financial services. His entrepreneurial background and commitment to community engagement are expected to enhance Origin's growth. The company, headquartered in Ruston, Louisiana, operates 45 banking centers across Texas and Louisiana, focusing on personalized banking services.

Origin Bancorp, Inc. (OBNK) reported net income of $20.7 million, or $0.87 diluted earnings per share for Q1 2022, down from $28.3 million a quarter prior. Total loans increased by $160.5 million, representing a 14.5% annualized growth. Total deposits reached $6.77 billion, reflecting a 12.1% annualized increase. Noninterest income dropped by 4.8% to $15.9 million, while noninterest expenses rose by 5.9% to $42.8 million. Improved credit quality metrics were noted, with total nonperforming loans at a low ratio of 0.41%.