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Origin Bancorp (OBK)
NYSE:OBK
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 8.57%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted the implementation of the Optimize Origin strategy aimed at improving financial performance and operational efficiency. Positive credit metrics and deposit growth were notable achievements. However, challenges in the loan portfolio and significant notable items impacting earnings presented hurdles. Overall, the sentiment is cautiously optimistic with a focus on future growth and optimization.Company Guidance
During the fourth quarter earnings call for Origin Bancorp, Inc., the company provided guidance highlighting several key metrics and strategic initiatives aimed at optimizing their financial performance. The "Optimize Origin" initiative is expected to drive an ROA run rate of 1% or greater by the fourth quarter of 2025, targeting the top quartile of peers. Actions already taken are projected to improve earnings by approximately $21 million annually on a pretax, pre-provision basis. The plan includes branch closures, resulting in an annual expense reduction of $4.6 million, and optimizing banker profitability, projected to save $6.7 million annually. Additionally, the company aims for mid- to high single-digit loan growth in 2025, leveraging a deposit growth strategy while maintaining strong credit metrics, such as a net charge-off rate of 0.18% year-to-date. The focus on balance sheet optimization and culture is supported by a forthcoming third-party benchmarking study, anticipated to reveal further efficiency opportunities.Optimize Origin Strategy Implementation
Origin Bancorp has implemented a strategy called 'Optimize Origin' focused on productivity, delivery, efficiency, balance sheet optimization, and culture. Expected to drive an ROA run rate of 1% or greater by the end of 2025.
Strategic Branch Closures and Cost Savings
Closed 8 banking centers leading to a run rate of approximately $4.6 million in annual expense reduction.
Banker Profitability and Portfolio Optimization
Significant repositioning of production teams and loan portfolios, with an expected annual expense reduction of approximately $6.7 million.
Positive Credit Metrics
Net recovery for the quarter driven by actual recoveries of $2.6 million. Net charge-offs at 0.18% year-to-date. No past dues, classifieds, nonperforming loans, or charge-offs in nonowner-occupied CRE office sector.
Deposit Growth and Management
Noninterest-bearing deposits grew for the second consecutive quarter. Deposits excluding brokered grew 1.1% linked quarter. Brokered deposits declined 81%.
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OBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $35.36 | $37.06 | +4.81% |
| Oct 23, 2024 | $31.99 | $31.22 | -2.41% |
| Jul 24, 2024 | $36.01 | $34.28 | -4.80% |
| Apr 24, 2024 | $29.56 | $30.52 | +3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Origin Bancorp (OBK) report earnings?
Origin Bancorp (OBK) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Origin Bancorp (OBK) earnings time?
Origin Bancorp (OBK) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OBK EPS forecast?
OBK EPS forecast for the fiscal quarter 2025 (Q1) is 0.64.
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