Loading...
•
Sep 30, 2023
Origin Q3 2023 Earnings Report
Origin reported strong earnings driven by focus on strategic plan and strength in their markets.
Key Takeaways
Origin Bancorp, Inc. reported a net income of $24.3 million, or $0.79 diluted earnings per share for the quarter ended September 30, 2023. Economic activity remains strong throughout their markets, reflecting the company's continued strength and stability.
Net income increased by $2.6 million, or 11.7%, compared to the linked quarter, reaching $24.3 million.
Diluted earnings per share increased by $0.09, or 12.9%, compared to the linked quarter, reaching $0.79.
Loans held for investment, excluding mortgage warehouse lines of credit, to deposits were 87.0% at September 30, 2023, compared to 83.5% at June 30, 2023.
Book value per common share was $32.32 at September 30, 2023, reflecting a decrease of $0.01, compared to the linked quarter.
Origin
Origin
Forward Guidance
Origin Bancorp did not provide forward guidance in the earnings report.