Origin Bancorp Q2 Adj EPS $0.69 Beats $0.67 Estimate, Sales $90.93M Miss $91.38M Estimate
Portfolio Pulse from bharat@benzinga.com
Origin Bancorp (NYSE:OBK) reported Q2 earnings of $0.69 per share, beating the analyst consensus estimate of $0.67 by 2.99%. However, this is a 23.33% decrease from the same period last year. The company's quarterly sales were $90.93 million, missing the analyst consensus estimate of $91.38 million by 0.50%. This is a 23.34% increase from the same period last year.
July 26, 2023 | 8:39 pm
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Origin Bancorp's Q2 earnings beat estimates but decreased YoY. Sales also increased YoY but missed estimates.
While Origin Bancorp beat earnings estimates, the YoY decrease could be a concern for investors. The increase in sales YoY is positive, but missing estimates might negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100