Origin Bancorp, Inc. (OBNK) Income Statement Analysis

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Complete financial analysis of Origin Bancorp, Inc. (OBNK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Origin Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Origin Bancorp, Inc. (OBNK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.origin.bank

About Origin Bancorp, Inc.

Origin Bancorp, Inc. operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans. The company also offers personal and commercial property, and casualty insurance products; and Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit box, U.S. savings bonds, and automatic account transfer services; and treasury management, mortgage origination and servicing facilities, peer-to-peer electronic pay solutions, and personal financial management solutions. As of December 31, 2021, it operated 44 banking centers. The company was founded in 1912 and is headquartered in Ruston, Louisiana.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	341.14M	332.55M	278.45M	250.13M	212.56M	188.77M	153.02M	156.31M
Cost of Revenue	-240.18M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	581.32M	332.55M	278.45M	250.13M	212.56M	188.77M	153.02M	156.31M
Gross Profit Ratio	170.41%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	138.82M	127.09M	93.03M	110.64M	88.97M	80.49M	70.86M	63.61M
Selling & Marketing	5.99M	4.43M	3.44M	3.71M	3.81M	4.28M	2.92M	2.85M
SG&A	201.47M	131.52M	96.46M	114.35M	92.78M	84.76M	73.79M	66.45M
Other Expenses	0.00	-356.63M	-242.48M	-320.13M	-238.80M	-211.09M	-33.90M	-35.66M
Operating Expenses	201.47M	-225.11M	-146.01M	-205.78M	-146.02M	-126.33M	33.90M	35.66M
Cost & Expenses	201.47M	-225.11M	-146.01M	-205.78M	-146.02M	-126.33M	151.30M	165.25M
Interest Income	523.39M	275.28M	216.25M	207.32M	227.08M	188.10M	152.59M	139.15M
Interest Expense	223.83M	51.33M	25.40M	37.17M	53.37M	34.64M	22.29M	18.47M
Depreciation & Amortization	17.63M	12.29M	6.84M	6.86M	6.72M	5.87M	5.30M	7.85M
EBITDA	0.00	119.75M	139.26M	45.76M	74.25M	69.17M	36.32M	33.02M
EBITDA Ratio	0.00%	36.01%	50.01%	18.16%	31.93%	36.19%	17.21%	15.11%
Operating Income	139.67M	107.44M	132.43M	44.35M	66.55M	62.44M	20.48M	15.77M
Operating Income Ratio	40.94%	32.31%	47.56%	17.73%	31.31%	33.08%	13.39%	10.09%
Total Other Income/Expenses	-33.75M	-33.18M	-22.23M	-20.41M	-15.22M	-13.67M	-23.62M	-15.23M
Income Before Tax	105.92M	107.44M	132.43M	44.35M	66.55M	62.44M	20.48M	15.77M
Income Before Tax Ratio	31.05%	32.31%	47.56%	17.73%	31.31%	33.08%	13.39%	10.09%
Income Tax Expense	22.12M	19.73M	23.89M	8.00M	12.67M	10.84M	5.81M	2.92M
Net Income	83.80M	87.72M	108.55M	36.36M	53.88M	51.61M	14.67M	12.85M
Net Income Ratio	24.56%	26.38%	38.98%	14.54%	25.35%	27.34%	9.59%	8.22%
EPS	2.72	3.29	4.63	1.56	2.30	2.35	0.45	0.37
EPS Diluted	2.71	3.28	4.60	1.55	2.28	2.33	0.45	0.37
Weighted Avg Shares Out	30.82M	26.63M	23.43M	23.37M	23.47M	22.00M	22.03M	22.03M
Weighted Avg Shares Out (Dil)	30.93M	26.76M	23.61M	23.51M	23.67M	22.19M	22.03M	22.03M

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