Origin Bancorp Q3 Adj EPS $0.71 Beats $0.64 Estimate, Sales $92.25M Beat $88.93M Estimate
Portfolio Pulse from totan@benzinga.com
Origin Bancorp (NYSE:OBK) reported Q3 earnings of $0.71 per share, beating the analyst consensus estimate of $0.64 by 10.94%. However, this is a 34.86% decrease from the same period last year. The company also reported quarterly sales of $92.25 million, beating the analyst consensus estimate of $88.93 million by 3.73%. Sales remained the same as the same period last year.
October 25, 2023 | 8:59 pm
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Origin Bancorp's Q3 earnings and sales beat estimates. However, earnings decreased by 34.86% compared to the same period last year, while sales remained the same.
While Origin Bancorp beat earnings and sales estimates, the decrease in earnings compared to the same period last year and the lack of growth in sales could potentially offset the positive impact of beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100