NYSE$OBK

Origin Bancorp Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Origin reported strong earnings driven by focus on strategic plan and strength in their markets.

Origin Bancorp, Inc. reported a net income of $24.3 million, or $0.79 diluted earnings per share for the quarter ended September 30, 2023. Economic activity remains strong throughout their markets, reflecting the company's continued strength and stability.

  • Net income increased by $2.6 million, or 11.7%, compared to the linked quarter, reaching $24.3 million.
  • Diluted earnings per share increased by $0.09, or 12.9%, compared to the linked quarter, reaching $0.79.
  • Loans held for investment, excluding mortgage warehouse lines of credit, to deposits were 87.0% at September 30, 2023, compared to 83.5% at June 30, 2023.
  • Book value per common share was $32.32 at September 30, 2023, reflecting a decrease of $0.01, compared to the linked quarter.

Headline financials

Total Revenue

$92.2M

Previous: $92.2M+0.0%
EPS (adj)

$0.71

Previous: $1.09-34.9%
Common Equity Tier 1 Ratio

11.4%

No prior period
Tier 1 Leverage Ratio

10.0%

No prior period
Capital Expenditures

-$17.5M

Previous: -$5.64M-210.8%
Free Cash Flow

$6.8M

Previous: $10.6M-35.9%
Net Income

$24.3M

Previous: $16.2M+49.7%
Operating Income

$30.3M

Previous: $53.2M-43.1%
Gross Profit

$88.7M

Previous: $75.3M+17.8%
Cash & Equivalents

$305M

Previous: $300M+1.6%
Total Assets

$9.73B

Previous: $9.46B+2.9%
Stock-Based Comp

$1.34M

Previous: $969K+37.8%

Revenue & EPS history

Origin · Revenue · Quarterly

$92.2M

Q3 2023+0%vs Q3 2022
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

Origin Bancorp did not provide forward guidance in the earnings report.

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 Q3 2023

Historical avgQ3 2023

+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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