Origin Bancorp, Inc. (OBK)

Origin Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	513.93	466.82	286.15	218.78	209.11	206.9
Interest Income on Investments	46.3	56.58	40.45	22.88	19.59	20.18
Total Interest Income	560.24	523.39	326.6	241.66	228.7	227.08
Interest Paid on Deposits	255.13	196.46	33.51	13.42	27.15	44.72
Interest Paid on Borrowings	10.1	27.38	17.82	11.99	10.02	8.65
Total Interest Expense	265.23	223.83	51.33	25.4	37.17	53.37
Net Interest Income	295.01	299.56	275.28	216.25	191.54	173.71
Net Interest Income Growth (YoY)	-5.24%	8.82%	27.30%	12.90%	10.26%	13.20%
Mortgage Banking Activities	4.71	3.36	6.72	12.93	29.6	12.31
Gain (Loss) on Sale of Assets	0.06	0.06	-0.18	-0.19	-1.21	-0.33
Gain (Loss) on Sale of Investments	0.87	-0.41	0.61	11.85	1.15	0.6
Other Non-Interest Income	58.26	55.32	50.12	37.6	35.11	33.9
Total Non-Interest Income	63.91	58.34	57.27	62.19	64.65	46.48
Non-Interest Income Growth (YoY)	0.53%	1.85%	-7.91%	-3.80%	39.10%	12.70%
Revenues Before Loan Losses	358.91	357.89	332.55	278.45	256.19	220.19
Provision for Loan Losses	15.58	16.75	24.69	-10.77	59.9	9.57
Revenue	343.33	341.14	307.86	289.21	196.29	210.62
Revenue Growth (YoY)	-3.62%	10.81%	6.45%	47.34%	-6.81%	8.75%
Salaries and Employee Benefits	141	133.54	115.52	90.73	88.79	86.73
Occupancy Expenses	18.62	18.54	14.49	12.43	12.08	11.8
Federal Deposit Insurance	7.23	6.46	3.55	2.9	3.83	1.69
Amortization of Goodwill & Intangibles	8.44	9.63	5.49	0.84	1.06	1.32
Selling, General & Administrative	53.67	49.39	37.22	31.39	30.66	30.33
Other Non-Interest Expense	17.57	17.66	17.97	18.49	15.53	12.21
Total Non-Interest Expense	246.52	235.22	194.25	156.78	151.94	144.07
EBT Excluding Unusual Items	96.81	105.92	113.61	132.43	44.35	66.55
Pretax Income	96.81	105.92	107.44	132.43	44.35	66.55
Income Tax Expense	21.16	22.12	19.73	23.89	8	12.67
Net Income	75.65	83.8	87.72	108.55	36.36	53.88
Net Income to Common	75.65	83.8	87.72	108.55	36.36	53.88
Net Income Growth	-24.24%	-4.46%	-19.19%	198.56%	-32.52%	4.41%
Basic Shares Outstanding	31	31	27	23	23	23
Diluted Shares Outstanding	31	31	27	24	24	24
Shares Change (YoY)	0.69%	15.59%	13.35%	0.41%	-0.68%	6.67%
EPS (Basic)	2.44	2.72	3.29	4.63	1.56	2.30
EPS (Diluted)	2.43	2.71	3.28	4.60	1.55	2.28
EPS Growth	-24.75%	-17.38%	-28.70%	196.77%	-32.02%	3.65%
Dividend Per Share	0.600	0.600	0.580	0.490	0.378	0.250
Dividend Growth	0%	3.45%	18.37%	29.80%	51.00%	156.41%
Effective Tax Rate	21.86%	20.89%	18.36%	18.04%	18.03%	19.03%

Source: S&P Capital IQ. Banks template. Financial Sources.