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Sep 30, 2022
Origin Q3 2022 Earnings Report
Reported strong core profitability and completed the merger with BT Holdings.
Key Takeaways
Origin Bancorp, Inc. reported a net income of $16.2 million, or $0.57 diluted earnings per share for the quarter ended September 30, 2022. The company's net interest income increased by 49.5% compared to the prior year quarter and the fully tax-equivalent net interest margin increased by 66 basis points from the quarter ended September 30, 2021.
Completed merger with BT Holdings, Inc. on August 1, 2022, resulting in a $14.9 million provision expense for loan credit losses.
Annualized returns on average assets and average equity were 0.70% and 6.86%, respectively.
Net interest income increased by $26.0 million, or 49.5%, compared to the prior year quarter.
Total loans held for investment were $6.88 billion.
Origin
Origin
Forward Guidance
Origin Bancorp did not include any forward guidance in its earnings report.