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Jun 30, 2023
Origin Q2 2023 Earnings Report
Reported net income of $21.8 million and diluted earnings per share of $0.70 for the second quarter of 2023.
Key Takeaways
Origin Bancorp reported a decrease in net income to $21.8 million, or $0.70 diluted earnings per share, for the quarter ended June 30, 2023, compared to $24.3 million, or $0.79 diluted earnings per share, for the quarter ended March 31, 2023. However, total deposits increased by $315.7 million, or 3.9%, compared to the linked quarter.
Total loans held for investment, excluding mortgage warehouse lines of credit, increased by $46.8 million, or 0.7%, compared to March 31, 2023.
Total deposits increased by $315.7 million, or 3.9%, compared to March 31, 2023.
Net interest income decreased by $1.9 million, or 2.4%, compared to the linked quarter.
Book value per common share increased by $0.08, or 0.2%, compared to the linked quarter.
Origin
Origin
Forward Guidance
Origin is operating from a position of strength as we continue to execute on our long-term strategy