NYSE$OBK

Origin Bancorp Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported net income of $18.6 million and diluted earnings per share of $0.60.

Origin Bancorp reported a net income of $18.6 million, or $0.60 diluted earnings per share, for the third quarter of 2024. This compares to a net income of $21.0 million, or $0.67 diluted earnings per share, for the previous quarter. The company's balance sheet showed positive trends, with increases in noninterest-bearing deposits and net interest income.

  • Total loans held for investment remained stable at $7.96 billion.
  • Noninterest-bearing deposits increased by $27.1 million, or 1.5%, to $1.89 billion.
  • Net interest income increased by $914,000, or 1.2%, to $74.8 million.
  • Book value per common share increased by $1.53, or 4.3%, to $36.76.

Headline financials

Total Revenue

$90.8M

Previous: $92.2M-1.6%
EPS

$0.60

Previous: $0.71-15.5%
Efficiency Ratio (GAAP)

68.9%

No prior period
Common Equity Tier 1 Ratio

12.5%

Previous: 11.4%+8.8%
Tier 1 Leverage Ratio

10.9%

Previous: 10.0%+9.3%
Capital Expenditures

-$16.6M

Previous: -$17.5M+5.2%
Free Cash Flow

$2M

Previous: $6.8M-70.6%
Net Income

$18.6M

Previous: $24.3M-23.5%
Operating Income

$7.35M

Previous: $30.3M-75.7%
Gross Profit

$86.2M

Previous: $88.7M-2.9%
Stock-Based Comp

$2.19M

Previous: $1.34M+63.7%

Revenue & EPS history

Origin · Revenue · Quarterly

$90.8M

Q3 2024-1.6%vs Q3 2023
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 press release does not contain information regarding forward guidance. Therefore, this section is empty.

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 2024

Historical avgQ3 2024

+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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