Origin Bancorp Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
OBK$54.24+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest and dividend income | |||
| Interest and fees on loans | $517,281 | $466,815 | $286,150 |
| Investment securities-taxable | 26,642 | 31,682 | 27,795 |
| Investment securities-nontaxable | 3,672 | 5,098 | 7,172 |
| Interest and dividend income on assets held in other financial institutions | 16,990 | 19,796 | 5,487 |
| Total interest and dividend income | 564,585 | 523,391 | 326,604 |
| Interest expense | |||
| Interest-bearing deposits | 254,873 | 196,457 | 33,509 |
| FHLB advances and other borrowings | 1,602 | 17,258 | 9,411 |
| Subordinated indebtedness | 7,744 | 10,119 | 8,406 |
| Total interest expense | 264,219 | 223,834 | 51,326 |
| Net interest income | 300,366 | 299,557 | 275,278 |
| Provision for credit losses | 7,448 | 16,753 | 24,691 |
| Net interest income after provision for credit losses | 292,918 | 282,804 | 250,587 |
| Noninterest income | |||
| Insurance commission and fee income | 26,759 | 25,085 | 22,869 |
| Service charges and fees | 19,015 | 18,803 | 17,669 |
| Other fee income | 8,917 | 8,089 | 7,279 |
| Mortgage banking revenue | 6,580 | 3,356 | 6,722 |
| Swap fee income | 323 | 1,277 | 457 |
| (Loss) gain on sales of securities, net | (14,799) | (11,635) | 1,664 |
| Change in fair value of equity investments | 5,188 | 10,096 | — |
| Other income | 3,396 | 3,264 | 614 |
| Total noninterest income | 55,379 | 58,335 | 57,274 |
| Noninterest expense | |||
| Salaries and employee benefits | 148,823 | 138,819 | 118,971 |
| Occupancy and equipment, net | 27,865 | 26,783 | 20,203 |
| Data processing | 13,497 | 11,590 | 10,456 |
| Office and operations | 11,441 | 10,834 | 8,120 |
| Intangible asset amortization | 7,979 | 9,628 | 5,488 |
| Regulatory assessments | 6,902 | 6,456 | 3,547 |
| Advertising and marketing | 6,150 | 5,986 | 4,431 |
| Professional services | 6,610 | 5,931 | 3,813 |
| Loan-related expense | 3,164 | 5,035 | 6,097 |
| Electronic banking | 5,162 | 4,712 | 3,958 |
| Franchise tax expense | 2,897 | 3,334 | 3,582 |
| Merger-related expense | — | — | 6,171 |
| Other expense | 10,548 | 6,108 | 5,582 |
| Total noninterest expense | 251,038 | 235,216 | 200,419 |
| Income before income tax expense | 97,259 | 105,923 | 107,442 |
| Income tax expense | 20,767 | 22,123 | 19,727 |
| Net income | $76,492 | $83,800 | $87,715 |
| Basic earnings per common share | $2.46 | $2.72 | $3.29 |
| Diluted earnings per common share | 2.45 | 2.71 | 3.28 |
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