Origin Bancorp, Inc. ( (OBK) ) has released its Q4 earnings. Here is a breakdown of the information Origin Bancorp, Inc. presented to its investors.
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Origin Bancorp, Inc., a financial holding company headquartered in Ruston, Louisiana, operates Origin Bank, providing a range of financial services across several Southern U.S. states. In its latest earnings report, Origin Bancorp announced a net income of $14.3 million for the fourth quarter of 2024, reflecting a decrease from the previous quarter. The company has launched the ‘Optimize Origin’ initiative aimed at improving financial performance and enhancing company culture. Key financial highlights include a 15 basis point expansion in the net interest margin and a $5.4 million credit loss provision benefit. However, the bank realized a $14.6 million loss from its bond portfolio optimization strategy. As Origin Bancorp moves into 2025, it remains focused on strategic initiatives to enhance productivity and efficiency, with an outlook of improving its return on average assets by the end of the year.