Origin Bancorp Q3 net income $24.3M ($0.79 EPS), up 12% sequentially; declares $0.15 dividend

Origin Bancorp, Inc.

2023-Q3 EPS reported $2.28

Net income $24.3M ($0.79 diluted), up 11.7% from $21.8M ($0.70) in Q2 2023.
Adjusted net income $22.0M ($0.71 diluted), up 2.9% from linked quarter.
Sold $181.9M AFS securities at $7.2M loss to repay FHLB advances; $10.1M positive equity valuation adjustment.
Capital ratios improved: CET1 11.45% vs 11.01% linked; tangible common equity to assets 8.66% vs 8.25%.
Declared $0.15/sh quarterly dividend, payable Nov 30, record Nov 15, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Origin Bancorp, Inc. reported third quarter 2023 results: net income net income of $24.3 million, EPS $0.79 diluted earnings per share.

Period: third quarter 2023
Net income: net income of $24.3 million
EPS: $0.79 diluted earnings per share
Result: reported results

Exact text from the filing

Origin Bancorp, Inc. (NYSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $24.3 million, or $0.79 diluted earnings per share for the quarter ended September 30, 2023

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Origin Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001516912-23-000172

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