Origin Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Origin Bancorp

24/01/2024 23:27

* Origin Bancorp Inc  OBK.N  reported quarterly adjusted
earnings
of 43 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 95 cents.  The mean expectation of five analysts for the
quarter was for earnings of 62 cents per share. Wall Street
expected results to range from 60 cents to 68 cents per share.
    * Revenue fell 17.3% to $81.19 million from a year ago;
analysts
expected $88.77 million. 
    * Origin Bancorp Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $13.25
million.
    * Origin Bancorp Inc shares had fallen by 6.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Origin Bancorp
Inc is $38.00 
This summary was machine generated from LSEG data January 24 at
11:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.62           0.43           Missed
 Sep. 30 2023      0.64           0.79           Beat
 Jun. 30 2023      0.67           0.70           Beat
 Mar. 31 2023      0.91           0.79           Missed