Loading...
•
Mar 31, 2022
Origin Q1 2022 Earnings Report
Reported strong first quarter with significant loan and deposit growth.
Key Takeaways
Origin Bancorp, Inc. announced a net income of $20.7 million, or $0.87 diluted earnings per share, for the quarter ended March 31, 2022. The company experienced significant loan and deposit growth, driven by building meaningful, long-term relationships.
Total loans held for investment, excluding PPP loans and mortgage warehouse lines of credit, increased by $160.5 million, or 14.5% annualized.
Total deposits grew by $196.5 million, or 12.1% annualized, reaching $6.77 billion.
Noninterest-bearing deposits grew by $132.2 million, or 24.8% annualized, representing 33.9% of total deposits.
Total nonperforming LHFI to total LHFI was 0.41%, reflecting the lowest ratio as a public company.
Forward Guidance
The merger with BT Holdings, Inc. is expected to close during the second half of 2022, pending shareholder and regulatory approvals.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...