Origin Bancorp Q4 net income $14.3M ($0.46 EPS); FY2024 EPS $2.45, down 9.6% YoY; declares $0.15 dividend

Origin Bancorp, Inc.

2024-FY EPS reported $2.45

Net income Q4 $14.3M ($0.46 diluted EPS) vs $18.6M ($0.60) linked Q; FY2024 EPS $2.45, down 9.6% from $2.71.
Pre-tax pre-provision earnings $12.6M Q4 vs $28.3M linked; FY2024 $104.7M, down 14.6% YoY.
NIM-FTE expanded 15 bps to 3.33%; sold $188.2M securities at $14.6M loss; bond optimization expected to add 7 bps to NIM-FTE over 12 months.
Credit: $5.4M provision benefit; nonperforming LHFI to LHFI 0.99% vs 0.81% linked; classified loans up $11.3M; questioned banker activity reserve increased.
Quarterly dividend of $0.15 per share declared, payable Feb 28, 2025 to holders of record Feb 14, 2025; Optimize Origin initiative targets >1% ROAA by 4Q25.

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