Quarterly ResultApr 22, 2026, 04:17 PM
Origin Bancorp Q1 2026 Net Income $27.7M; Dividend Up 67%
AI Summary
Origin Bancorp reported Q1 2026 net income of $27.7 million, or $0.89 diluted EPS, a decrease from the previous quarter. Despite this, the company achieved its highest ever net interest income of $87.2 million and saw total deposits grow by 5.4% to $8.76 billion. The board approved a significant 67% increase in the quarterly dividend to $0.25 per share, reflecting balance sheet strength and earnings durability. The company also repurchased 165,500 shares and continues its "Optimize Origin" initiative.
Key Highlights
- Net income for Q1 2026 was $27.7 million, or $0.89 diluted EPS.
- Net interest income reached a record high of $87.2 million, up 0.6% sequentially.
- Total deposits increased by $449.0 million (5.4%) to $8.76 billion.
- Quarterly dividend increased by 67% from $0.15 to $0.25 per share.
- Repurchased 165,500 shares at an average price of $41.27 per share.