Origin Bancorp Inc (OQ:OBNK)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 500 S Service Rd E
RUSTON LA 71270-3404
Tel: N/A
Website: https://ir.origin.bank
IR: See website
Key People
Drake D. Mills
Chairman of the Board, President, Chief Executive Officer
Stephen H. Brolly
Chief Financial Officer
M. Lance Hall
Chief Operating Officer and Louisiana State President
Cary Stephen Davis
Chief Risk Officer
F. Ronnie Myrick
Chief Banking Officer, Director
Business Overview
Origin Bancorp, Inc. is a financial holding company that provides products and services in Louisiana, Mississippi, and Texas. The Company provides a range of financial services to small and medium-sized businesses, municipalities, individuals and retail clients. It offers retail deposits, treasury management, commercial deposits, insurance, mobile banking and online banking. It is also engaged in the residential mortgage banking business and servicing of residential mortgage loans for others. It offers a range of personal and commercial property and casualty insurance products. Its banking services include Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit boxes, the United States savings bonds and automatic account transfers. As of December 31, 2017, the Company operated approximately 41 banking centers from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi.
Financial Overview
For the fiscal year ended 31 December 2019, Origin Bancorp Inc interest income increased 21% to $227.1M. Net interest income after loan loss provision increased 8% to $164.1M. Net income applicable to common stockholders excluding extraordinary items increased 10% to $53.9M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 22% to $206.9M, Investment securities-Taxable increase of 22% to $12M.
Reporting Currency: U.S. Dollars
Enterprise value: $772.66M as of Dec 31, 2019
Annual revenue (TTM): $227.08M as of Dec 31, 2019
EBITDA (TTM): $80.49M as of Dec 31, 2019
Net annual income (TTM): $53.88M as of Dec 31, 2019
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,481,781 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization