Origin Bancorp Q2 2024 GAAP EPS $0.67 Beats $0.62 Estimate, Sales $96.355M Beat $91.080M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Bancorp (NYSE:OBK) reported Q2 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.62. Sales were $96.355 million, surpassing the $91.080 million estimate. Despite the beat, EPS decreased by 4.29% year-over-year.
July 24, 2024 | 8:42 pm
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Origin Bancorp (NYSE:OBK) reported Q2 2024 EPS of $0.67, beating the analyst estimate of $0.62. Sales were $96.355 million, surpassing the $91.080 million estimate. Despite the beat, EPS decreased by 4.29% year-over-year.
The positive earnings and revenue beats are likely to have a short-term positive impact on OBK's stock price. However, the year-over-year decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100