Origin Bancorp, Inc. reports developments for a financial holding company whose wholly owned subsidiary, Origin Bank, provides relationship banking to businesses, municipalities and personal clients. Its recurring news includes quarterly and annual earnings, net interest expense trends, pre-tax pre-provision performance measures, dividends on common stock, and balance-sheet and efficiency initiatives.
Company announcements also cover market expansion across its Southeast footprint, commercial banking teams, community banking operations, and insurance agency products and services provided through Forth Insurance, LLC.
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.
Origin Bancorp (NYSE: OBK), the holding company for Origin Bank, has announced a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on August 30, 2024, to stockholders of record as of the close of business on August 15, 2024. This declaration demonstrates Origin's commitment to providing consistent returns to its shareholders and reflects the company's financial stability. The dividend payment serves as a tangible benefit for investors, potentially attracting new shareholders and reinforcing the confidence of existing ones in the company's performance and future prospects.
Origin Bancorp, Inc. (NYSE: OBK) reported net income of $21.0 million, or $0.67 diluted earnings per share for Q2 2024, compared to $22.6 million, or $0.73 per share in Q1 2024. Key highlights include:
- Total loans held for investment increased by 0.7% to $7.96 billion
- Total deposits grew slightly by 0.1% to $8.51 billion
- Noninterest income rose 30.2% to $22.5 million, a record high
- Book value per share increased 1.3% to $35.23
- Common equity Tier 1 capital ratio improved to 12.15%
The company faced challenges related to questioned activity involving a single banker in East Texas, resulting in increased nonperforming loans and credit loss provisions. Despite this, Origin maintained strong capital ratios and saw growth in key areas.
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.
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