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Mar 31, 2021
Origin Q1 2021 Earnings Report
Reported record net income and pre-tax, pre-provision earnings for the quarter ended March 31, 2021.
Key Takeaways
Origin Bancorp, Inc. announced record net income of $25.5 million for the quarter ended March 31, 2021, an increase of $8.0 million from the linked quarter and $24.8 million from the quarter ended March 31, 2020. Diluted earnings per share were $1.08, up $0.33 from the linked quarter and $1.05 from the quarter ended March 31, 2020. Pre-tax, pre-provision earnings were a record $32.9 million, an increase of 16.3% on a linked quarter basis, and a 74.7% increase on a prior year quarter basis.
Net income was $25.5 million, achieving an all-time quarterly high.
Net interest income also achieved a historic quarterly high, reflecting $55.2 million.
Provision expense was $1.4 million.
Total deposits were $6.35 billion, an increase of $594.9 million, or 10.3%, from December 31, 2020.
Origin
Origin
Forward Guidance
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.