Origin Bancorp Q4 net income surges

Overview

• U.S. financial holding company reported Q4 net income of $29.5 mln

• Net interest income for Q4 rose to a record $86.7 mln

• Company repurchased 49,358 shares in Q4, boosting book value per share

Outlook

• Origin Bancorp targets ROAA of 1.15% or higher by 4Q26

• Company focuses on 'Optimize Origin' for long-term growth

Result Drivers

• OPTIMIZE ORIGIN INITIATIVE - Origin's strategic initiative focusing on productivity, balance sheet optimization, and employee engagement contributed to exceeding ROAA targets

• INTEREST EXPENSE REDUCTION - A decrease in interest expense, mainly on savings and interest-bearing accounts, drove net interest income to a record level

• LOAN GROWTH - Increase in commercial and industrial loans and owner-occupied commercial real estate loans contributed to loan growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Origin Bancorp Inc is $43.00, about 4.9% above its January 27 closing price of $41.00

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX6XWmb2

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