NYSE$OBK

Origin Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported positive financial results, bolstered Texas franchise, attracted high-quality bankers, and significantly grew loan portfolio.

Origin Bancorp, Inc. reported a strong fourth quarter and full year for 2022. Net income for the quarter ended December 31, 2022, was $29.5 million, or $0.95 diluted earnings per share. The company's fully tax-equivalent net interest margin was 3.81%.

  • Net income was $29.5 million, or $0.95 diluted earnings per share.
  • Adjusted net income was $30.4 million, or $0.99 adjusted diluted earnings per share.
  • Net interest margin was 3.81%.
  • Net interest income increased by 56.4% compared to the prior year quarter.

Headline financials

Total Revenue

$98.2M

Previous: $70.9M+38.5%
EPS (adj)

$0.99

Previous: $1.20-17.5%
Net Interest Margin (FTE)

3.8%

Previous: 3.1%+24.5%
Capital Expenditures

$2.83M

Previous: $1.54M+83.8%
Free Cash Flow

$49M

Previous: $25.3M+93.9%
Net Income

$29.5M

Previous: $28.3M+4.1%
Operating Income

$36.3M

Previous: $33.2M+9.4%
Cash & Equivalents

$359M

Previous: $706M-49.1%
Total Assets

$9.69B

Previous: $7.86B+23.2%
Stock-Based Comp

$901K

Previous: $651K+38.4%

Revenue & EPS history

Origin · Revenue · Quarterly

$98.2M

Q4 2022+38.5%vs Q4 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

Origin Bancorp does not provide explicit forward guidance in this earnings report. The report focuses on the results of the past quarter and year.

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 Q4 2022

Historical avgQ4 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%

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