NYSE$OBK

Origin Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported net income and earnings per share for the second quarter of 2022.

Origin Bancorp reported a strong second quarter with impressive results in key financial metrics, including an annualized loan growth rate of 29%. Net income was $21.3 million, or $0.90 diluted earnings per share.

  • Net interest margin increased by 37 basis points from the linked quarter.
  • Net interest income increased by 13.3% compared to the linked quarter.
  • Total loans held for investment, excluding PPP loans and mortgage warehouse lines of credit, increased by 29.0% annualized compared to the linked quarter.
  • Total nonperforming loans held for investment to total loans held for investment was 0.25%.

Headline financials

Total Revenue

$73.7M

Previous: $66.7M+10.5%
EPS (adj)

$0.90

Previous: $1.17-23.1%
Net Interest Margin (FTE)

3.2%

No prior period
Efficiency Ratio (GAAP)

59.9%

No prior period
Capital Expenditures

-$4.32M

Previous: -$1.4M-208.9%
Free Cash Flow

$17M

Previous: $26.3M-35.5%
Net Income

$21.3M

Previous: $27.7M-23.2%
Operating Income

$59.2M

Previous: $51.1M+15.8%
Gross Profit

$70.3M

Previous: $61.1M+15.0%
Cash & Equivalents

$324M

Previous: $445M-27.2%
Total Assets

$8.11B

Previous: $7.27B+11.6%
Stock-Based Comp

$842K

Previous: $471K+78.8%

Revenue & EPS history

Origin · Revenue · Quarterly

$73.7M

Q2 2022+10.5%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
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

The proposed merger with BT Holdings, Inc. is expected to close effective August 1, 2022, subject to the satisfaction of customary closing conditions.

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 Q2 2022

Historical avgQ2 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro