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Mar 31, 2024
Origin Q1 2024 Earnings Report
Reported net income and increase in loans and deposits.
Key Takeaways
Origin Bancorp, Inc. reported a strong first quarter in 2024, with net income increasing to $22.6 million, or $0.73 diluted earnings per share. Total loans and deposits also increased, reflecting the company's focus on building long-term client relationships.
Net income increased by 68.6% compared to the linked quarter, reaching $22.6 million.
Total loans held for investment grew by 3.1% to $7.90 billion.
Total deposits increased by 3.1% to $8.51 billion.
Noninterest income increased significantly by 110.5% to $17.3 million.
Revenue by Segment
Forward Guidance
Origin's strategic focus remains on offering attractive returns to depositors while monitoring economic indicators and Federal Funds rate projections.
Positive Outlook
- Continued effective management of interest income and expense.
- Strategic focus on offering attractive returns to depositors.
- Close monitoring of economic indicators.
- Closely monitoring Federal Funds rate projections for informed decision-making.
- Stabilizing rate conditions.
Challenges Ahead
- Challenges with margin compression since the quarter ended September 30, 2022.
- Potential impacts of adverse developments in the banking industry including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto.
- The impact of current and future economic conditions generally and in the financial services industry.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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