Origin Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 01:45 am IST
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Origin Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 75.29 million compared to USD 59.5 million a year ago. Net income was USD 21.76 million compared to USD 21.31 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 0.9 a year ago.
For the six months, net interest income was USD 152.44 million compared to USD 112.01 million a year ago. Net income was USD 46.06 million compared to USD 41.99 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 1.77 a year ago. Diluted earnings per share from continuing operations was USD 1.49 compared to USD 1.77 a year ago.
Origin Bancorp, Inc. is a financial holding company. The Company provides a range of financial services and operates more than 60 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana and Mississippi. The Company is focused on delivering a range of relationship-driven financial services tailored to meet the needs of small and medium-sized businesses, municipalities and retail clients. It operates through one segment, which is community banking. The Company is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and consumer loans. It originates loans secured by single and multi-family real estate, residential construction and commercial buildings. The Company's consumer loan portfolio is composed of secured and unsecured loans that it originates. Its commercial and industrial loans include working capital, inventory, equipment and capital expansion.
ORIGIN BANCORP, INC. 
