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