Origin Bancorp Reports Q4 Revenue of $94M
Reports Q4 revenue $94M, consensus $100.24M. Reports Q4 tangible book value per share $35.04. Reports Q4 CET1 capital ratio 13.53%. Reports Q4 net charge-offs .17%. "This quarter we reported diluted earnings per share of $0.95 and net income of $29.5 million, which drives a return on average assets of 1.19% for the quarter, well above the targeted 1.0%-plus run rate that we outlined as our near term target last January," said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. "I am proud of our team and the results we delivered throughout the year. We have a tremendous amount of momentum as we remain focused on Optimize Origin and delivering long-term growth and value for our stakeholders."
