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Jun 30, 2022
Origin Q2 2022 Earnings Report
Reported net income and earnings per share for the second quarter of 2022.
Key Takeaways
Origin Bancorp reported a strong second quarter with impressive results in key financial metrics, including an annualized loan growth rate of 29%. Net income was $21.3 million, or $0.90 diluted earnings per share.
Net interest margin increased by 37 basis points from the linked quarter.
Net interest income increased by 13.3% compared to the linked quarter.
Total loans held for investment, excluding PPP loans and mortgage warehouse lines of credit, increased by 29.0% annualized compared to the linked quarter.
Total nonperforming loans held for investment to total loans held for investment was 0.25%.
Origin
Origin
Forward Guidance
The proposed merger with BT Holdings, Inc. is expected to close effective August 1, 2022, subject to the satisfaction of customary closing conditions.