STOCK TITAN

Origin Bancorp, Inc. - OBK STOCK NEWS

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
conferences earnings
-
Rhea-AI Summary
Origin Bancorp, Inc. declares a quarterly cash dividend of $0.15 per share of common stock, to be paid on May 31, 2024. Stockholders of record as of May 15, 2024, will receive the dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
dividends
-
Rhea-AI Summary
Origin Bancorp, Inc. reported strong earnings for the first quarter of 2024, with net income of $22.6 million and adjusted pre-tax, pre-provision earnings of $31.9 million. Diluted earnings per share also saw an increase from the previous quarter. The company's performance reflects a positive trend in financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
Rhea-AI Summary
Origin Bancorp, Inc. (OBK) to release first quarter 2024 results and hold conference call with key executives. Investors can access the live webcast and conference call details on Origin's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.39%
Tags
-
Rhea-AI Summary
Origin Bancorp, Inc. (OBK) declared a quarterly cash dividend of $0.15 per share of its common stock, to be paid on February 29, 2024, to stockholders of record as of February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.3%
Tags
dividends
-
Rhea-AI Summary
Origin Bancorp, Inc. announced net income of $13.4 million for the quarter ended December 31, 2023, representing a decrease of 44.8% from the previous quarter. Adjusted PTPP earnings for the year ended December 31, 2023, was $125.5 million, a 9.4% decrease from the year ended December 31, 2022. Total loans held for investment increased by 1.2%, while total deposits decreased by 1.5%. Net interest income decreased by 1.5%, and noninterest income decreased by 54.8% from the linked quarter. Noninterest expense increased by 3.8%. The effective tax rate was 23.5% during the quarter ended December 31, 2023. Total LHFI increased by 8.1% from December 31, 2022. Total securities decreased by 23.3% compared to December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.3%
Tags
Rhea-AI Summary
Origin Bancorp, Inc. (OBK) to Issue Q4 and Full Year 2023 Results on January 24, 2024, and Host Conference Call on January 25, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
-
Rhea-AI Summary
Origin Bancorp declares quarterly cash dividend of $0.15 per share of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.31%
Tags
dividends
-
Rhea-AI Summary
Origin Bancorp reports net income of $24.3 million for Q3 2023, an increase of 11.7% compared to the previous quarter. Adjusted PTPP earnings were $30.7 million. Loans held for investment to deposits ratio increased to 87.0%. Tangible book value per common share increased by $0.07.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.31%
Tags
Rhea-AI Summary
Origin Bancorp, Inc. plans to release its third quarter 2023 results and hold a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags

FAQ

What services does Origin Bancorp, Inc. offer?

Origin Bancorp offers a broad range of financial services including commercial, residential mortgage, construction, and consumer loans, as well as deposit accounts and investment services.

Where is Origin Bancorp, Inc. headquartered?

Origin Bancorp is headquartered in Ruston, Louisiana.

How many banking centers does Origin Bancorp operate?

Origin Bancorp 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.

What is the primary source of revenue for Origin Bancorp, Inc.?

The primary sources of revenue for Origin Bancorp are interest earned on loans and investments, as well as service charges and fees on deposit accounts.

When was Origin Bank founded?

Origin Bank was founded in 1912.

What is the mission of Origin Bancorp, Inc.?

The mission of Origin Bancorp is to passionately pursue ways to make banking more rewarding for its customers, employees, shareholders, and communities.

How can I participate in the quarterly conference calls?

You can participate in Origin Bancorp's quarterly conference calls by dialing the provided numbers and entering the specific Conference ID. Details are usually available on the Investor Relations section of their website.

What is the effective tax rate for Origin Bancorp, Inc.?

The effective tax rate for the quarter ended December 31, 2023, was 23.5%.

How does Origin Bancorp manage credit quality?

Origin Bancorp manages credit quality by maintaining a strong provision for credit losses and ensuring a proactive approach to managing nonperforming assets and classified loans.

Where can I find more information about Origin Bancorp's financial performance?

More detailed and up-to-date information about Origin Bancorp's financial performance can be found on the Investor Relations section of their official website at www.origin.bank.

Origin Bancorp, Inc.

NYSE:OBK

OBK Rankings

OBK Stock Data

1.13B
31.02M
5.9%
55.32%
1.83%
Commercial Banking
Finance and Insurance
Link
United States of America
RUSTON