secwatch.observer — SEC 8-K summary
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Issuer:     Origin Bancorp, Inc. (OBK)
CIK:        0001516912
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001516912-22-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1516912/000151691222000120/0001516912-22-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1516912/000151691222000120/obnk-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001516912-22-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer