Origin Bancorp Q2 Net Interest Income Jumps on Loan Growth, NIM Expansion
OBK sits 61% above its 52-week low of $32.125.
Summary
Origin Bancorp delivered a strong Q2, with net interest income rising to $92.2 million on higher loan balances and yields, while deposit costs fell. Net income hit $33.85 million, or $1.09 per share, and credit quality improved as provisions and charge-offs declined. The company also repurchased shares and hiked the dividend, signaling confidence in its balance sheet. Management reiterated its target of a 1.15%+ ROAA run rate by Q4 2026. This follows the Q1 earnings beat and the recent Alabama expansion, reinforcing a positive trajectory. The earnings call on July 23 will provide further color on the NIM outlook and capital return plans.
At the time of this announcement, OBK was trading at $51.63 on NYSE in the Finance sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $32.13 to $53.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.