earnings
confidence high
sentiment neutral
materiality 0.65
Origin Bancorp Q1 net income $24.3M ($0.79 EPS), down from Q4 2022 but up YoY
Origin Bancorp, Inc.
2023-Q1 EPS reported
$0.79
- Net income $24.3M ($0.79 diluted EPS) vs Q4 2022 $29.5M ($0.95) and Q1 2022 $20.7M ($0.87).
- Adjusted pre-tax pre-provision earnings $36.6M. Loans held for investment (ex-warehouse) up 3.4% linked quarter to $7.04B.
- Total deposits rose $398.6M (5.1%) to $8.17B; book value per share $32.25, tangible book value $26.53.
- Nonperforming LHFI to total LHFI 0.23%; Company-level CET1 ratio 11.08% and total capital 14.30%.
- Quarterly cash dividend of $0.15/share declared, payable May 31, 2023 to holders of record May 15.