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Dec 31, 2020
Origin Q4 2020 Earnings Report
Net income increased, driven by higher net interest income, while provision expenses impacted full year results.
Key Takeaways
Origin Bancorp, Inc. reported a net income of $17.6 million for Q4 2020, an increase of $4.5 million from the previous quarter and $4.7 million from the same quarter last year. Diluted earnings per share were $0.75, up from both the linked quarter and the prior year quarter. Net interest income reached a historic high, while the efficiency ratio improved significantly.
Net income for the quarter ended December 31, 2020, was $17.6 million.
Net interest income was $51.8 million for the quarter ended December 31, 2020.
Diluted earnings per share for the quarter ended December 31, 2020 were $0.75.
Provision expense was $6.3 million for the quarter ended December 31, 2020.
Origin
Origin
Forward Guidance
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.