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Sep 30, 2020
Origin Q3 2020 Earnings Report
Reported strong third quarter results reflecting historic pre-tax, pre-provision earnings.
Key Takeaways
Origin Bancorp, Inc. announced net income of $13.1 million for the quarter ended September 30, 2020. Diluted earnings per share for the quarter ended September 30, 2020, were $0.56. Pre-tax pre-provision earnings for the quarter were $29.9 million, while the efficiency ratio improved to 56.4%.
Net income for the quarter ended September 30, 2020, was $13.1 million, compared to $5.0 million for the linked quarter and $14.6 million for the quarter ended September 30, 2019.
Pre-tax pre-provision earnings continue to achieve historic heights, reaching $29.9 million for the quarter ended September 30, 2020, compared to $27.1 million for the linked quarter and $22.4 million for the quarter ended September 30, 2019.
Diluted earnings per share for the quarter ended September 30, 2020, were $0.56, compared to $0.21 for the linked quarter and $0.62 for the quarter ended September 30, 2019.
Net interest income was $50.6 million for the quarter ended September 30, 2020, compared to $46.3 million for the linked quarter and $44.6 million for the quarter ended September 30, 2019.
Forward Guidance
No explicit forward guidance provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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