Origin Bancorp, Inc. (OBK)

Origin Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	517.28	466.82	286.15	218.78	209.11
Interest Income on Investments	47.3	56.58	40.45	22.88	19.59
Total Interest Income	564.59	523.39	326.6	241.66	228.7
Interest Paid on Deposits	254.87	196.46	33.51	13.42	27.15
Interest Paid on Borrowings	9.35	27.38	17.82	11.99	10.02
Total Interest Expense	264.22	223.83	51.33	25.4	37.17
Net Interest Income	300.37	299.56	275.28	216.25	191.54
Net Interest Income Growth (YoY)	0.27%	8.82%	27.30%	12.90%	10.26%
Mortgage Banking Activities	6.58	3.36	6.72	12.93	29.6
Gain (Loss) on Sale of Assets	-	0.06	-0.18	-0.19	-1.21
Gain (Loss) on Sale of Investments	-9.61	-0.41	0.61	11.85	1.15
Other Non-Interest Income	58.41	55.32	50.12	37.6	35.11
Total Non-Interest Income	55.38	58.34	57.27	62.19	64.65
Non-Interest Income Growth (YoY)	-5.07%	1.85%	-7.91%	-3.80%	39.10%
Revenues Before Loan Losses	355.75	357.89	332.55	278.45	256.19
Provision for Loan Losses	7.45	16.75	24.69	-10.77	59.9
Revenue	348.3	341.14	307.86	289.21	196.29
Revenue Growth (YoY)	2.10%	10.81%	6.45%	47.34%	-6.81%
Salaries and Employee Benefits	148.82	133.54	115.52	90.73	88.79
Occupancy Expenses	27.87	18.54	14.49	12.43	12.08
Federal Deposit Insurance	6.9	6.46	3.55	2.9	3.83
Amortization of Goodwill & Intangibles	7.98	9.63	5.49	0.84	1.06
Selling, General & Administrative	37.7	49.39	37.22	31.39	30.66
Other Non-Interest Expense	21.77	17.66	17.97	18.49	15.53
Total Non-Interest Expense	251.04	235.22	194.25	156.78	151.94
EBT Excluding Unusual Items	97.26	105.92	113.61	132.43	44.35
Pretax Income	97.26	105.92	107.44	132.43	44.35
Income Tax Expense	20.77	22.12	19.73	23.89	8
Net Income	76.49	83.8	87.72	108.55	36.36
Net Income to Common	76.49	83.8	87.72	108.55	36.36
Net Income Growth	-8.72%	-4.46%	-19.19%	198.56%	-32.52%
Basic Shares Outstanding	31	31	27	23	23
Diluted Shares Outstanding	31	31	27	24	24
Shares Change (YoY)	0.87%	15.59%	13.35%	0.41%	-0.68%
EPS (Basic)	2.46	2.72	3.29	4.63	1.56
EPS (Diluted)	2.45	2.71	3.28	4.60	1.55
EPS Growth	-9.59%	-17.38%	-28.70%	196.77%	-32.02%
Dividend Per Share	0.600	0.600	0.580	0.490	0.378
Dividend Growth	0%	3.45%	18.37%	29.80%	51.00%
Effective Tax Rate	21.35%	20.89%	18.36%	18.04%	18.03%

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