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Dec 31, 2024
Origin Q4 2024 Earnings Report
Reported net income of $14.3 million and EPS of $0.46, driven by net interest income increase and provision for credit loss benefit.
Key Takeaways
Origin Bancorp reported a decrease in net income for Q4 2024, with $14.3 million, or $0.46 diluted earnings per share. However, net interest income increased by 4.7% compared to the previous quarter, reaching $78.3 million.
Net income was $14.3 million, or $0.46 diluted EPS.
Net interest income increased by 4.7% to $78.3 million.
Provision for credit loss benefit was $5.4 million.
NIM-FTE expanded 15 basis points to 3.33%.
Revenue by Segment
Forward Guidance
Origin Bancorp's Optimize Origin initiative targets greater than 1% ROAA run rate by 4Q25 and top quartile ROAA through productivity, balance sheet optimization, and culture enhancements, expecting approximately $21 million in annual pre-tax pre-provision earnings improvement.
Positive Outlook
- Near term target of greater than a 1% ROAA run rate by 4Q25
- Ultimate target of top quartile ROAA
- Branch consolidation
- Headcount reduction
- Securities optimization
Challenges Ahead
- Changes in benchmark interest rates
- Deterioration of Origin’s asset quality
- Financial health of Origin’s commercial borrowers
- Changes in the value of collateral securing Origin’s loans
Historical Earnings Impact
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Avg. Return Before/After Earnings
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