Origin Bancorp Q2 net income $21.3M ($0.90 EPS); CFO change, $50M buyback, $0.15 dividend

Origin Bancorp, Inc.

2022-Q2 EPS reported $1.77

Net income $21.3M ($0.90 diluted EPS) vs $20.7M ($0.87) linked quarter; NIM expanded 37bp to 3.23%.
Total loans held for investment ex-PPP/mortgage warehouse grew 29% annualized to $5.0B; NPL ratio 0.25%.
CFO transition: Stephen Brolly moves to CAO; William Wallace appointed CFO, effective Aug 8, base $475k, signing bonus $250k, RSUs $500k.
Quarterly dividend $0.15/share declared, payable Aug 31 to holders of record Aug 17; $50M stock repurchase program authorized.
Merger with BT Holdings expected to close Aug 1, 2022, after regulatory and shareholder approvals received.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Stephen H. Brolly

Chief Accounting Officer

OBK · Origin Bancorp, Inc.

Effective: 2022-08-08
Filed: July 27, 2022, 7:59 PM ET

On July 27, 2022, the Company announced that effective August 8, 2022, Mr. Stephen H. Brolly would be transitioning from his current role as Chief Financial Officer of the Company and the Company’s wholly-owned subsidiary, Origin Bank, to the role of Chief Accounting Officer

Appointed

William Wallace

Chief Financial Officer

OBK · Origin Bancorp, Inc.

Effective: 2022-08-08
Filed: July 27, 2022, 7:59 PM ET

the Company has appointed Mr. William “Wally” Wallace as Chief Financial Officer and Senior Executive Officer of the Company and Origin Bank, effective August 8, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen H. Brolly changed role as Chief Accounting Officer at Origin Bancorp, Inc..

Action: transitioned
Role: Chief Accounting Officer

Exact text from the filing

On July 27, 2022, the Company announced that effective August 8, 2022, Mr. Stephen H. Brolly would be transitioning from his current role as Chief Financial Officer of the Company and the Company’s wholly-owned subsidiary, Origin Bank, to the role of Chief Accounting Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Wallace was appointed as Chief Financial Officer at Origin Bancorp, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Company has appointed Mr. William “Wally” Wallace as Chief Financial Officer and Senior Executive Officer of the Company and Origin Bank, effective August 8, 2022.

View on SEC.gov

Origin Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001516912-22-000120

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