Compared to Estimates, Origin Bancorp (OBK) Q3 Earnings: A Look at Key Metrics

Zacks Equity Research
2 min read

Origin Bancorp (OBK) reported $92.25 million in revenue for the quarter ended September 2023, representing no change year over year. EPS of $0.71 for the same period compares to $0.57 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $87.85 million, representing a surprise of +5.01%. The company delivered an EPS surprise of +10.94%, with the consensus EPS estimate being $0.64.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Origin Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Average Balance - Total interest-earning assets: $9.44 billion versus the two-analyst average estimate of $9.53 billion.

  • Net Interest Margin: 3.1% versus the two-analyst average estimate of 3.1%.

  • Net charge-offs to total average LHFI (annualized): 0.1% versus 0.2% estimated by two analysts on average.

  • Efficiency Ratio: 63.6% versus the two-analyst average estimate of 66.5%.

  • Total Noninterest Income: $18.12 million versus the two-analyst average estimate of $15.15 million.

  • Net Interest Income: $74.13 million versus the two-analyst average estimate of $72.70 million.

View all Key Company Metrics for Origin Bancorp here>>>

Shares of Origin Bancorp have returned -5.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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