Origin Bancorp: 2Q Earnings Snapshot
Posted July 22, 2020 4:40 pm.
Last Updated July 22, 2020 4:54 pm.
This article is more than 5 years old.
RUSTON, La. (AP) _ Origin Bancorp Inc. (OBNK) on Wednesday reported second-quarter profit of $5 million.
The Ruston, Louisiana-based bank said it had earnings of 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The bank holding company posted revenue of $74.5 million in the period. Its revenue net of interest expense was $65.4 million, which also beat Street forecasts.
Origin Bancorp shares have declined 45% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.78, a fall of 39% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OBNK at https://www.zacks.com/ap/OBNK
The Associated Press
