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

Origin Bancorp

24/04/2024 23:45

* Origin Bancorp Inc  OBK.N  reported quarterly adjusted
earnings
of 73 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 79 cents.  The mean expectation of five analysts for the
quarter was for earnings of 60 cents per share. Wall Street
expected results to range from 59 cents to 62 cents per share.
    * Revenue fell 3.2% to $90.58 million from a year ago;
analysts
expected $89.44 million. 
    * Origin Bancorp Inc's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $22.63
million.
    * Origin Bancorp Inc shares had fallen by 5.0% this
quarter and
lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for Origin
Bancorp
Inc is $38.00 

This summary was machine generated from LSEG data April 24 at
10:45 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
 Mar. 31 2024      0.60           0.73           Beat
 Dec. 31 2023      0.62           0.43           Missed
 Sep. 30 2023      0.64           0.79           Beat
 Jun. 30 2023      0.67           0.70           Beat