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. (NYSE: OBK) is a financial holding company headquartered in Ruston, Louisiana and the parent of Origin Bank, a community banking institution founded in 1912 in Choudrant, Louisiana. This news page aggregates coverage related to Origin’s commercial banking activities, financial performance, and strategic initiatives across its markets in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, South Alabama, and the Florida Panhandle.
News for OBK commonly features quarterly and annual earnings announcements, where the company reports net income, net interest income, net interest margin, loan and deposit trends, credit quality metrics, and noninterest income and expense details. These releases often discuss the impact of Origin’s Optimize Origin initiative, which focuses on productivity, balance sheet optimization, and culture and employee engagement, including actions such as branch consolidation, securities portfolio changes, and mortgage restructuring.
Investors and analysts following OBK can also expect updates on capital management and shareholder returns, including board decisions on quarterly cash dividends and share repurchase activity, as disclosed in press releases and related Form 8-K filings. In addition, Origin’s news may highlight developments in credit relationships and risk management, such as provisions for credit losses, nonperforming loan trends, and specific credit events referenced in company communications.
Because Origin Bancorp regularly hosts investor conference calls and webcasts to review its results, news items also include announcements of upcoming calls, access details, and references to presentation materials. Bookmark this page to review Origin Bancorp, Inc. news items in one place, from earnings releases and dividend declarations to updates on its community banking operations and insurance agency activities through Forth Insurance, LLC.
Origin Bancorp (NYSE: OBK) reported Q1 2025 net income of $22.4 million, or $0.71 diluted EPS, up from $14.3 million ($0.46 EPS) in Q4 2024. Net interest income reached $78.5 million, a slight 0.1% increase from the linked quarter.
Key financial metrics include:
- Pre-tax, pre-provision earnings of $32.0 million vs $12.6 million in Q4 2024
- Return on average assets (ROAA) of 0.93%, up 63.2% from 0.57%
- Total loans held for investment increased 0.2% to $7.59 billion
- Total deposits grew 1.4% to $8.34 billion
The company's 'Optimize Origin' initiative, launched in January 2025, aims to achieve a >1% ROAA run rate by Q4 2025 through branch consolidation, headcount reduction, and other efficiency measures, expected to drive $23.4 million in annual pre-tax pre-provision earnings improvement.
Origin Bancorp (NYSE: OBK) has scheduled the release of its first quarter 2025 financial results. The company will announce its Q1 2025 earnings after market close on Wednesday, April 23, 2025, followed by a conference call on Thursday, April 24, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
The conference call will feature presentations from key executives including Drake Mills (Chairman, President and CEO of Origin), William J. Wallace, IV (Chief Financial Officer), and Lance Hall (President and CEO of Origin Bank). Investors can participate through dial-in numbers or access a simultaneous audio-only webcast via Origin's website.
Origin Bancorp (NYSE: OBK) announced a significant board restructuring, reducing its Board of Directors from 16 to 11 members. Five directors - Jay Dyer, Farrell Malone, Lori Sirman, Elizabeth Solender, and Steve Taylor - will not seek reelection at the 2025 Annual Meeting of Stockholders scheduled for April 23, 2025.
The decision follows an extensive study by the Nominating and Corporate Governance Committee to optimize board size and composition, aligning with governance best practices. The remaining 11 directors nominated for election include Daniel Chu, James D'Agostino Jr., James Davison Jr., A. La'Verne Edney, Meryl Farr, Richard Gallot Jr., Stacey Goff, Cecil Jones, Michael Jones, Gary Luffey, and Drake Mills.
The company emphasized that these changes are not due to any disagreements between departing directors and the company, but rather represent a strategic initiative to create a more efficient governance structure.
Origin Bancorp (NYSE: OBK) has announced a quarterly cash dividend of $0.15 per share of common stock. The dividend was declared by the board of directors on January 22, 2025. Shareholders of record as of the close of business on February 14, 2025, will receive the dividend payment on February 28, 2025. Origin Bancorp is the holding company for Origin Bank.
Origin Bancorp (NYSE: OBK) reported Q4 2024 net income of $14.3 million ($0.46 EPS), down from $18.6 million ($0.60 EPS) in Q3 2024. Full-year 2024 net income was $76.5 million ($2.45 EPS), representing a 9.6% decrease from 2023.
Net interest income reached $78.3 million in Q4, up 4.7% from Q3. The company announced its 'Optimize Origin' initiative targeting >1% ROAA run rate by Q4 2025, expected to drive $21 million in annual pre-tax pre-provision earnings improvement.
Key Q4 developments included a bond portfolio optimization strategy resulting in a $14.6 million loss from selling $188.2 million in securities, though expected to provide positive NIM-FTE impact. Total loans decreased 4.8% to $7.57 billion, while deposits declined 3.1% to $8.22 billion compared to Q3 2024.
Origin Bancorp (NYSE: OBK) has scheduled the release of its fourth quarter and full year 2024 financial results after market close on Wednesday, January 22, 2025. The company will host a conference call to discuss these results on Thursday, January 23, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
The conference call will feature presentations from key executives including Drake Mills (Chairman, President and CEO of Origin), William J. Wallace, IV (Chief Financial Officer), and Lance Hall (President and CEO of Origin Bank). Participants can join via phone or access a simultaneous audio-only webcast through Origin's website. For those unable to attend, the webcast will be archived on the company's Investor Relations section.
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.