Origin Bancorp Reports Record Q3 Earnings and Forecasts 4% Net Interest Margin for Q4
Origin Bancorp (OBK) reported record-breaking financial results for the third quarter, achieving historic highs in net interest income, net interest margin, net income, and earnings per share. CEO Drake Mills noted that the company's performance is currently exceeding its near-term Return on Assets (ROA) objectives established earlier this year. Looking ahead to the fourth quarter, management has provided guidance targeting a net interest margin of approximately 4%. Additionally, the bank aims for high single-digit loan growth, signaling an optimistic outlook for credit expansion and continued profitability in the upcoming period.