NYSE$OBK

Origin Bancorp Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record net income and pre-tax, pre-provision earnings for the quarter ended March 31, 2021.

Origin Bancorp, Inc. announced record net income of $25.5 million for the quarter ended March 31, 2021, an increase of $8.0 million from the linked quarter and $24.8 million from the quarter ended March 31, 2020. Diluted earnings per share were $1.08, up $0.33 from the linked quarter and $1.05 from the quarter ended March 31, 2020. Pre-tax, pre-provision earnings were a record $32.9 million, an increase of 16.3% on a linked quarter basis, and a 74.7% increase on a prior year quarter basis.

  • Net income was $25.5 million, achieving an all-time quarterly high.
  • Net interest income also achieved a historic quarterly high, reflecting $55.2 million.
  • Provision expense was $1.4 million.
  • Total deposits were $6.35 billion, an increase of $594.9 million, or 10.3%, from December 31, 2020.

Headline financials

Total Revenue

$72.4M

Previous: $55M+31.7%
EPS (adj)

$1.08

Previous: $0.03+3500.0%
Efficiency Ratio (GAAP)

54.5%

Previous: 65.7%-17.0%
Capital Expenditures

-$813K

Previous: -$1.17M+30.7%
Free Cash Flow

$24.7M

Previous: -$420K+5981.0%
Net Income

$25.5M

Previous: $753K+3288.2%
Operating Income

$59.9M

Previous: $20.6M+190.1%
Gross Profit

$71M

Previous: $36.4M+94.8%
Cash & Equivalents

$265M

Previous: $560M-52.7%
Total Assets

$7.56B

Previous: $6.05B+25.0%
Stock-Based Comp

$614K

Previous: $537K+14.3%

Revenue & EPS history

Origin · Revenue · Quarterly

$72.4M

Q1 2021+31.7%vs Q1 2020
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Origin · $56.7M total across 4 segments · Q4 2019

  • Commercial real estate
    $52.3M
  • Investment securities-taxable
    $2.64M
  • Assets held in other financial institutions
    $976K
  • Investment securities-nontaxable
    $772K

Forward guidance

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.6%

Avg return

30 days after

57%

21 / 37 earnings

Positive

+6.0%

Q3 2023

Best reaction

-6.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%-1.9%+1.2%
Q4 2025+4.5%+8.7%+2.1%
Q3 2025-4.0%+1.3%+3.4%
Q1 2025+0.3%+0.6%+5.4%
Q4 2024+3.8%+9.7%+7.4%
Q3 2024-2.1%-0.4%+9.4%
Q2 2024-6.8%-7.1%-10.5%
Q1 2024+4.3%+1.5%+5.3%
Q4 2023-4.4%-3.3%-10.9%
Q3 2023+6.0%+9.2%+21.4%
Q2 2023-0.0%+0.0%-8.1%
Q1 2023-3.8%-6.1%-2.8%
Q4 2022+1.0%-4.5%-0.8%
Q3 2022-0.8%+2.4%+4.4%
Q2 2022+2.8%+3.4%+0.6%
Q1 2022-0.8%-4.3%-1.9%
Q4 2021-2.4%-0.4%+5.9%
Q3 2021-0.9%+2.1%-1.9%
Q2 2021+1.5%-1.4%+0.6%
Q1 2021+3.7%+6.2%+7.1%
Q4 2020+2.1%+7.7%+17.1%
Q3 2020-1.6%-0.7%+16.5%
Q2 2020+4.7%+9.2%+9.2%
Q1 2020+4.2%+10.8%-4.5%
Q4 2019-1.4%-1.7%-1.4%
Q3 2019+3.2%+6.0%+5.6%
Q2 2019-2.0%-0.9%-6.7%
Q1 2019+0.6%+1.5%-3.9%
Q4 2016-0.9%-0.4%-5.3%
Q4 2018-1.4%-1.8%+1.2%
Q3 2017-3.2%-5.0%-8.6%
Q3 2018+1.3%+6.1%+9.5%
Q2 2017+0.5%+0.5%+3.3%
Q2 2018+3.4%+2.7%+3.5%
Q1 2018+0.5%+1.5%-4.0%
Q4 2017+0.5%+1.5%-4.0%
Q1 2017+0.5%+1.5%-4.0%

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