Overview

* Origin Bancorp ( OBK ) Q2 net income declines from previous quarter

* Net interest income rises 4.7% due to higher loan interest income

* Co repurchased 136,399 shares, announces new $50 mln buyback program

Outlook

* Origin targets greater than 1% ROAA run rate by 4Q25

* Company expects $34.2 mln annual earnings improvement pre-tax pre-provision

* Origin positioned in dynamic growth markets for future value delivery

Result Drivers

* OPTIMIZE ORIGIN - Co attributes results to ongoing Optimize Origin initiative, focusing on productivity, efficiency, and balance sheet optimization

* BOND PORTFOLIO STRATEGY - Bond portfolio optimization strategy impacted EPS negatively but improved long-term yields

* NET INTEREST INCOME - Increase in net interest income driven by higher loan interest income and decreased interest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.47

Q2 Net $14.65

Income mln

Q2 Net $82.14

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Origin Bancorp Inc ( OBK ) is $41.00, about 8% above its July 22 closing price of $37.72

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)