Company: Origin Bancorp, Inc.
Symbol: OBNK
Description: They are a financial holding company headquartered in Ruston, Louisiana.
Trade Date: 5/9
Shares: 3.6 million
Price Range: $33.00-$35.00
Underwriter(s): Stephens Inc. Raymond James
Co-Manager(s): Keefe Bruyette & Woods, Sandler O’ Neill
Terms Added: 4-27-18
Business: Deeply rooted in their history is a culture committed to providing personalized, relationship banking to their clients and communities. They provide a broad range of financial services to small and medium-sized businesses, municipalities, high net worth individuals and retail clients. They currently operate 41 banking centers from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi, which they refer to as the I-20 Corridor, as well as in Houston, Texas. As of December 31, 2017, they had total assets of $4.15 billion, total loans of $3.31 billion, total deposits of $3.51 billion and total stockholders’ equity, including ESOP-owned shares, of $455.3 million.
Financials: Their net interest income was $93.8 million, $111.2 million, $121.3 million, $120.7 million and $130.3 million, their non-interest income was $33.2 million, $38.3 million, $44.1 million, $41.9 million and $29.2 million, and their net income was $23.3 million, $17.3 million, $29.1 million, $12.9 million and $14.7 million, respectively.
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