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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.
Origin
Origin
Forward Guidance
The merger with BT Holdings, Inc. is expected to close during the second half of 2022, pending shareholder and regulatory approvals.