Origin Bancorp Full Year 2024 Earnings: Misses Expectations

Origin Bancorp (NYSE:OBK) Full Year 2024 Results

Key Financial Results

• Revenue: US$348.3m (up 2.1% from FY 2023).
• Net income: US$76.5m (down 8.7% from FY 2023).
• Profit margin: 22% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.46 (down from US$2.72 in FY 2023).

OBK Banking Performance Indicators

• Net interest margin (NIM): 3.22% (down from 3.23% in FY 2023).
• Non-performing loans: 0.99% (up from 0.39% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Origin Bancorp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 2.1%.

In the last 12 months, the only revenue segment was Community Banking contributing US$348.3m. The largest operating expense was General & Administrative costs, amounting to US$208.2m (77% of total expenses). Explore how OBK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 2.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Origin Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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