Origin Bancorp, Inc. (OBNK) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 S SERVICE ROAD EAST
RUSTON, LA 71270
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358,972705,618377,214291,518158,827
Cash and cash equivalents358,972705,618377,214291,518116,678
Short-term investments     42,149
Asset, held-for-sale, not part of disposal group49,95780,387191,51264,83752,210
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss8,200  
Total current assets:417,129786,005568,726356,355211,037
Noncurrent Assets
Operating lease, right-of-use asset32,60823,73221,66724,013
Property, plant and equipment100,20180,69181,76380,45775,014
Intangible assets, net (including goodwill)178,50851,33030,48031,54032,861
Goodwill128,67934,36826,74126,74126,741
Intangible assets, net (excluding goodwill)49,82916,9623,7394,7996,120
Total noncurrent assets:311,317155,753133,910136,010107,875
Other undisclosed assets8,957,6216,919,5276,925,6324,832,2614,502,664
TOTAL ASSETS:9,686,0677,861,2857,628,2685,324,6264,821,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,3001,9004621,100841
Total current liabilities:1,3001,9004621,100841
Noncurrent Liabilities
Other undisclosed liabilities8,734,8247,129,1746,980,6564,724,2644,270,956
Total liabilities:8,736,1247,131,0746,981,1184,725,3644,271,797
Equity
Equity, attributable to parent949,943730,211647,150599,262549,779
Common stock153,733118,733117,532117,405118,633
Additional paid in capital520,669242,114237,341235,623242,041
Accumulated other comprehensive income (loss)(159,875)5,72925,6496,333(2,480)
Retained earnings435,416363,635266,628239,901191,585
Total equity:949,943730,211647,150599,262549,779
TOTAL LIABILITIES AND EQUITY:9,686,0677,861,2857,628,2685,324,6264,821,576

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues327,670253,283245,614229,164190,095
Net investment income321,117239,673225,844222,201183,700
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(24,691) (59,900)(9,568)(1,014)
Gross profit:302,979253,283185,714219,596189,081
Operating expenses(31,605)(18,617)(18,833)(17,765)(15,754)
Other operating income, net
(Noninterest Income, Other Operating Income)
4,73710,1625,0614,4107,513
Operating income:276,111244,828171,942206,241180,840
Nonoperating income
(Investment Income, Nonoperating)
4578142,5462,185 
Interest and debt expense(51,326)(25,404)(37,166)(53,370)(34,644)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (92,969)(88,508)(83,754)
Income from continuing operations before equity method investments, income taxes:225,242220,23844,35366,54862,442
Income (loss) from equity method investments(199)5,701   
Other undisclosed loss from continuing operations before income taxes(117,601)(93,508)   
Income from continuing operations before income taxes:107,442132,43144,35366,54862,442
Income tax expense(19,727)(23,885)(7,996)(12,666)(10,837)
Income from continuing operations:87,715108,54636,35753,88251,605
Income before gain (loss) on sale of properties:108,54636,35753,88251,605
Net income attributable to parent:87,715108,54636,35753,88251,605
Preferred stock dividends and other adjustments     (1,923)
Undistributed earnings (loss) allocated to participating securities, basic     (1,029)
Net income available to common stockholders, basic:87,715108,54636,35753,88248,653
Other undisclosed net income available to common stockholders, diluted     166
Net income available to common stockholders, diluted:87,715108,54636,35753,88248,819

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:87,715108,54636,35753,88251,605
Other comprehensive income (loss)  25,05611,409(4,157)
Comprehensive income:87,715108,54661,41365,29147,448
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(165,604)(19,920)(5,740)(2,596)88
Comprehensive income (loss), net of tax, attributable to parent:(77,889)88,62655,67362,69547,536

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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