Exhibit 99.1
For Immediate Release

obnklogoa01.jpg

ORIGIN BANCORP, INC. REPORTS EARNINGS FOR THIRD QUARTER OF $12.3 MILLION

RUSTON, Louisiana, October 24, 2018 -- Origin Bancorp, Inc. (Nasdaq: OBNK) ("Origin" or the "Company"), the holding company for Origin Bank (the "Bank"), today announced net income of $12.3 million for the quarter ended September 30, 2018. This represents a decrease of $384,000 from the quarter ended June 30, 2018, and an increase of $14.5 million from the quarter ended September 30, 2017. Diluted earnings per share for the quarter ended September 30, 2018, was $0.52, down $0.01 from the linked quarter and an increase of $0.69 from the quarter ended September 30, 2017.

“We are pleased to report another quarter of record net interest income. As we continue to focus on relationship development we have seen positive results in our noninterest-bearing deposits and loan growth” said Drake Mills, Chairman, President and CEO of Origin Bancorp, Inc. “Our lift-out strategy in Houston as well as the addition of experienced lenders in our Dallas and Shreveport markets, continues to provide more opportunities to grow market share and increase brand value."

Third Quarter 2018 Highlights

Net interest income increased by $2.3 million, or 6.3%, over the linked quarter and increased by $5.6 million, or 16.6%, over the quarter ended September 30, 2017.

Net interest margin for the quarter ended September 30, 2018, was 3.70% (3.76% fully tax equivalent), an increase of two basis points from the linked quarter and an increase of 17 basis points over the quarter ended September 30, 2017.

Total loans held for investment increased by $229.0 million, or 6.8% to $3.60 billion from June 30, 2018, and increased by $372.1 million, or 11.5%, from September 30, 2017. The yield earned on total loans held for investment during the quarter ended September 30, 2018, was 5.00%, compared to 4.89% for the linked quarter and 4.48% for the quarter ended September 30, 2017.

Total deposits increased by $55.1 million, or 1.5% from June 30, 2018, and increased by $273.6 million, or 7.9%, from September 30, 2017. Noninterest-bearing deposits were 26.2% of total deposits at September 30, 2018, compared to 25.9% and 25.2% at June 30, 2018 and September 30, 2017, respectively.

Completed acquisition of Reeves, Coon & Funderburg ("RCF") insurance agency, solidifying our presence as one of the larger independent insurance agencies in North Louisiana.

Continued development of quality lending and deposit relationships through the recent integration of new lending and relationship banking teams in the Houston, Dallas and Shreveport markets.

Results of Operations for the Three Months Ended September 30, 2018

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended September 30, 2018, was $39.5 million, a $2.3 million increase over the linked quarter, due to a $4.1 million increase in interest income, which was driven by increases in both average balances and rates, and which was partially offset by increases in the Company's cost of interest-bearing deposits. Average loan balances, except for residential real estate and consumer loans, increased during the current quarter as a result of the Company's relationship-driven organic growth and recent investment within its growth markets. Commercial and industrial and commercial real estate loans




contributed a total of $2.5 million, or 61.6%, of the $4.1 million increase in interest income for the comparable periods, driven by a $126.9 million increase in average loan balances and a 12 basis point increase in the average yield. The increase in yield was driven by recent increases in market interest rates that occurred in June and September of 2018. The average yield on total loans increased by 12 basis points to 5.00% for the quarter ended September 30, 2018, compared to 4.88% for the linked quarter, primarily driven by increases in interest income for the linked period in most of the Company's significant loan categories. These increases were partially offset by an increase in the average rate paid on interest-bearing deposits.

Net interest income increased $5.6 million over the quarter ended September 30, 2017. The increase was primarily due to an increase in interest income due to an increase in yield on loans driven by increases in market interest rates during the intervening period and growth in average total loans. Commercial and industrial and commercial real estate loans contributed a total of $5.1 million, or 66.2%, of the $7.7 million increase in interest income earned on loans for the comparable periods, driven by a $178.8 million increase in average loan balances and a 55 basis point increase in the average yield. Also contributing to the increase in net interest income was a $1.5 million increase in income earned on investment securities driven by higher volume and to a lesser extent, increases in average yield. The increase in net interest income was partially offset by higher costs of funding, which was also primarily driven by increases in market interest rates. The average yield earned on the total loan portfolio was 5.00% for the quarter ended September 30, 2018, compared to 4.47% for the quarter ended September 30, 2017. Average total loans were $3.48 billion for the quarter ended September 30, 2018, compared to $3.21 billion for the quarter ended September 30, 2017.

Interest-bearing liability rates increased in the current quarter compared to both the linked quarter and quarter ended September 30, 2017, primarily due to higher average savings and interest-bearing transaction account rates and higher average balances of borrowings. The average rate paid on interest-bearing deposits was 1.16% for the quarter ended September 30, 2018, representing an increase of 15 basis points compared to the linked quarter and an increase of 39 basis points compared to the quarter ended September 30, 2017. The average outstanding balance of borrowings increased by $129.4 million, or 172.1%, compared to the linked quarter and increased by $128.3 million, or 168.3%, compared to the quarter ended September 30, 2017. The increase in the current period compared to the linked quarter and the quarter ended 2017 was due to a $250.0 million FHLB advance obtained in the third quarter of 2018, which has been re-deployed into higher yielding interest-earning assets such as higher yielding loans, investment securities and interest-bearing cash accounts and replaced higher rate FHLB advances.

The $250.0 million FHLB advance resulted in an increase in net interest income as average yields earned on the re-deployed funds exceeded the rate paid on the advance by approximately 0.65%. Despite generating an increase in net interest income, the net interest margin for the quarter ended September 30, 2018, was negatively impacted by the FHLB advance. Had the $250.0 million not been leveraged during the quarter, we estimate that net interest margin would have been approximately eight basis points higher.

Noninterest Income

Noninterest income for the quarter ended September 30, 2018, was $10.2 million, a decrease of $378,000, or 3.6%, from the linked quarter. The decrease from the linked quarter was primarily due to a decrease in other noninterest income of $1.9 million, which was driven by a positive valuation adjustment of $2.0 million that was recorded to other income for a common stock investment during the quarter ended June 30, 2018. This adjustment was due to a recent accounting standard change, with no corresponding adjustment during the quarter ended September 30, 2018. This decrease was partially offset by a $1.5 million increase in insurance commission and fee income primarily resulting from the acquisition of all of the assets of RCF on July 1, 2018, a Louisiana-based independent insurance agency offering commercial, personal, health and life insurance. The RCF acquisition has expanded the Company's insurance presence in North Louisiana making it one of the larger independent insurance agencies in the area.

Noninterest income for the quarter ended September 30, 2018, increased by $5.2 million, or 103.1%, compared to the quarter ended September 30, 2017. The primary drivers of the increase were $5.4 million of losses on non-mortgage loans sold during the quarter ended September 30, 2017, compared to zero losses during the current quarter, as well as an increase of $1.3 million in insurance commission and fee income during the current quarter as noted earlier. These increases were partially offset by a decline of $1.3 million in mortgage banking revenue. The decline in mortgage banking revenue was primarily driven by a 35.9% decrease in the volume of loans sold, which resulted in a $1.4 million decrease in gains on the sale of mortgage loans.

Noninterest Expense

Noninterest expense for the quarter ended September 30, 2018, was $34.3 million, an increase of $2.3 million, or 7.3%, compared to the linked quarter. The increase was largely driven by increases in salary and benefit expenses of $1.2 million, professional fees of $384,000, occupancy and equipment expenses of $376,000, and noninterest expenses of $335,000. Salary and

2



benefit expenses increased $1.1 million primarily due to hiring a team of experienced lenders in the Houston market during the second quarter of 2018, as well as $965,000 due to the acquisition of RCF. Offsetting in part the increases in salaries and benefit expenses was a $742,000 decrease in medical insurance expense due to lower medical claims during the period. The Company is self-insured and therefore medical costs are variable and largely driven by need. Professional fees increased primarily due to various projects including annual loan and risk compliance and the execution of a $50 million revolving line of credit held by the Company and secured by the outstanding shares of the Bank. Increases of $110,000 and $142,000 for the Houston lift out team and RCF acquisition, respectively, primarily drove the increase in occupancy and equipment expenses during the period ended September 30, 2018. Intangible asset amortization as a result of the RCF acquisition resulted in an increase in noninterest expense of approximately $272,000 over the linked quarter.

Noninterest expense for the quarter ended September 30, 2018, decreased by $6.1 million, or 15.1%, from the quarter ended September 30, 2017. During the quarter ended September 30, 2017, the Company recorded a $10.0 million charge to non-interest expense in anticipation of entering into a settlement agreement with respect to ongoing litigation. After adjusting for the $10.0 million litigation charge, for which there was no comparable charge during the quarter ended September 30, 2018, noninterest expense increased by $3.9 million, driven by increases in salaries and employee benefit expenses of $2.7 million, as well as increases of $594,000 and $526,000 in advertising and marketing expenses and electronic banking expenses, respectively. The increase in salaries and employee benefit expenses was largely driven by the addition of the Houston lift out team and the RCF acquisition. During 2017, marketing expenditures were temporarily scaled back as part of a Company-wide expense management strategy, but in March 2018, marketing efforts were resumed with the launch of a new brand campaign. During the quarter ended September 30, 2017, the Company received a $410,000 vendor refund upon discovery that certain credits designed to offset electronic banking expenses had not been correctly applied by the vendor over the course of several prior quarters with no corresponding refund during the quarter ended September 30, 2018. Intangible asset amortization as a result of the RCF acquisition resulted in an increase in noninterest expense of approximately $272,000 over the quarter ended September 30, 2017.

Financial Condition

Loans
    
Loans held for investment at September 30, 2018, were $3.60 billion, an increase of $229.0 million, or 6.8%, compared to $3.37 billion at June 30, 2018, and an increase of $372.1 million, or 11.5%, compared to $3.23 billion at September 30, 2017.

For the quarter ended September 30, 2018, average loans held for investment were $3.46 billion, an increase of $175.3 million, or 5.3%, from $3.28 billion for the quarter ended June 30, 2018. This increase is attributed to continued efforts to pursue quality lending opportunities and includes increases of $95.5 million and $61.3 million in average commercial and industrial loans and real estate loans, respectively. Average mortgage warehouse loans increased $19.2 million, or 9.2%, to $228.0 million from June 30, 2018.

Compared to the quarter ended September 30, 2017, average loans held for investment increased by $295.7 million or 9.3%. This increase included average growth of $228.5 million and $90.1 million within real estate and commercial and industrial loans, respectively. The overall growth was partially offset by average balance decreases of $21.5 million and $1.4 million in mortgage warehouse and consumer loans, respectively.
    
Deposits

Total deposits at September 30, 2018, were $3.73 billion, an increase of $55.1 million, or 1.5%, compared to $3.67 billion at June 30, 2018, and an increase of $273.6 million, or 7.9%, compared to $3.45 billion, at September 30, 2017.
    
Average deposits for the quarter ended September 30, 2018, increased by $29.3 million, or 0.8%, over the linked quarter, primarily driven by a $44.1 million increase in average noninterest-bearing commercial deposits and partially offset by a $12.5 million decline in interest-bearing deposits. Overall, average noninterest-bearing deposits increased by $41.8 million, or 4.4%, and interest-bearing deposits decreased by $12.5 million, or 0.5%.

Average deposits for the quarter ended September 30, 2018, increased by $234.2 million, or 6.8%, over the quarter ended September 30, 2017. Increases in average interest-bearing and noninterest-bearing deposits increased by $130.1 million and $104.1 million, respectively. Average noninterest-bearing deposits represented 26.7% of total average deposits for the quarter ended September 30, 2018, compared to 25.8% of total average deposits for the quarter ended June 30, 2018, and 25.5% of total average deposits for the quarter ended September 30, 2017.


3



Borrowings

Average borrowings for the quarter ended September 30, 2018, increased by $129.4 million, or 172.1%, over the quarter ended June 30, 2018, and $128.3 million, or 168.3%, over the quarter ended September 30, 2017. The increase in the current period compared to the linked quarter and same quarter in 2017 was due to a $250.0 million FHLB advance obtained in the third quarter of 2018 which has been re-deployed into higher yielding interest-earning assets such as higher yielding loans, investment securities and interest-bearing cash accounts, and replaced higher rate FHLB advances.

Stockholders' Equity

Stockholders' equity was $531.9 million compared to $519.4 million and $452.9 million at June 30, 2018, and September 30, 2017, respectively. Net income of $12.3 million for the three months ended September 30, 2018, which was partially offset by an other comprehensive loss due to the change in the unrealized loss on securities available for sale of $2.1 million, was the primary driver of the increase in stockholders' equity compared to June 30, 2018. Additionally, on July 1, 2018, the Company acquired RCF, a Louisiana-based independent insurance agency, issuing 66,824 shares of its common stock at a price of $40.50 per share, based upon the closing stock price on June 28, 2018, increasing common stock outstanding and additional paid in capital by $334,000 and $2.4 million, respectively, in partial consideration of the acquisition.

On May 9, 2018, the Company completed its initial public offering and issued 3,045,426 shares with proceeds, before expenses, totaling $96.3 million, a portion of which was used to redeem all of the outstanding shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series SBLF, thereby eliminating its obligation to pay the nine percent dividend on the SBLF stock. During the quarter ended June 30, 2018, all of the 901,644 shares of the Company's outstanding Series D preferred stock were converted into shares of its common stock, on a one-for-one basis. As a result, no shares of Series D preferred stock were outstanding at September 30, 2018.

Credit Quality

The Company recorded provision expense of $504,000 for the quarter ended September 30, 2018, compared to provision expense of $311,000 and $3.3 million for the linked quarter and the quarter ended September 30, 2017, respectively. The increase in provision expense from the linked quarter is due to loan growth and was partially offset by an improvement in credit metrics. The decrease in provision expense in the current quarter compared to the quarter ended September 30, 2017, was primarily due to improved overall credit quality within the Company's loan portfolio.

At September 30, 2018, nonperforming loans were $27.9 million, representing a decrease of $797,000, or 2.8%, from the linked quarter. Nonperforming loans decreased by $2.4 million, or 8.0%, from $30.4 million at September 30, 2017, primarily as a result of the strategic reduction of our energy lending portfolio during 2017.

Allowance for loan losses as a percentage of total loans held for investment was 0.99% at September 30, 2018, compared to 1.01% and 1.22% at June 30, 2018, and September 30, 2017, respectively. Allowance for loan losses as a percentage of nonperforming loans held for investment was 134.54% at September 30, 2018, compared to 127.46% and 159.93% at June 30, 2018, and September 30, 2017, respectively.

Non-GAAP Financial Measures

Origin reports its results in accordance with United States generally accepted accounting principles ("GAAP"). However, management believes that certain non-GAAP financial measures used in managing its business may provide meaningful information to investors about underlying trends in its business and management uses these non-GAAP measures to measure the Company’s performance and believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. Specifically, the Company reviews and reports book value per common share, as converted and tangible book value per common share, as converted. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, Origin’s reported results prepared in accordance with GAAP. For a reconciliation of these non-GAAP measures, see page 13 of this press release.

Conference Call

Origin will hold a conference call to discuss its third quarter 2018 results on Thursday, October 25, 2018, at 8:00 a.m. Central (9:00 a.m. Eastern). To participate in the live conference call, please dial (800) 860-2442; International: (412) 858-4600 and request to be joined into the Origin Bancorp Inc. (OBNK) call. A simultaneous audio-only webcast may be accessed via

4



Origin’s website at www.origin.bank under the Investor Relations, News & Events, Events & Presentations link or directly by visiting https://services.choruscall.com/links/obnk181025.html.

If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

About Origin Bancorp, Inc.

Origin is a financial holding company for Origin Bank, headquartered in Ruston, Louisiana, which provides a broad range of financial services to small and medium-sized businesses, municipalities, high net-worth individuals and retail clients from 41 banking centers located from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi, as well as in Houston, Texas. For more information, visit www.origin.bank.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin’s future financial performance, business and growth strategy, projected plans and objectives, and related transactions, integration of the acquired businesses, ability to recognize anticipated operational efficiencies, and other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact economic trends, and any such variations may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions, current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin’s control. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Further, certain factors that could affect Origin's future results and cause actual results to differ materially from those expressed in the forward-looking statements include: deterioration of Origin’s asset quality; changes in real estate values and liquidity in Origin’s primary market areas; the financial health of Origin’s commercial borrowers and the success of construction projects that Origin finances, including any loans acquired in acquisition transactions; changes in the value of collateral securing Origin’s loans; business and economic conditions generally and in the financial services industry, nationally and within Origin’s local market area; Origin’s ability to prudently manage its growth and execute its strategy; changes in management personnel; Origin’s ability to maintain important deposit customer relationships, volatility and direction of market interest rates, which may increase funding costs or reduce earning asset yields thus reducing margin; increased competition in the financial services industry, particularly from regional and national institutions; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which Origin operates and in which its loans are concentrated, including the effects of declines in housing markets; an increase in unemployment levels and slowdowns in economic growth; Origin’s level of nonperforming assets and the costs associated with resolving any problem loans including litigation and other costs; the credit risk associated with the substantial amount of commercial real estate, construction and land development, and commercial loans in Origin's loan portfolio; the extensive federal and state regulation, supervision and examination governing almost every aspect of Origin’s operations including changes in regulations affecting financial institutions, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations being issued in accordance with this statute and potential expenses associated with complying with such regulations; Origin’s ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies, and similar organizations; and the effects of weather and natural disasters such as floods, droughts, wind, tornadoes and hurricanes as well as effects from geopolitical instability and manmade disasters including terrorist attack. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to "Cautionary Note Regarding Forward-Looking Statements" in Origin’s Quarterly Report on Form 10-Q filed with the SEC on August 9, 2018 (as amended on June 18, 2018) and "Risk Factors" in Origin’s prospectus filed with the SEC on May 9, 2018, pursuant to Section 424(b) of the Securities Act of 1933, as amended and any updates to those risk factors set forth in Origin’s subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin’s underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking

5



statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin’s behalf may issue. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
    

Contact:    
Chris Reigelman, Origin Bancorp, Inc.
318-497-3177 / chris@origin.bank



6

Origin Bancorp, Inc.
Selected Financial Data

 
 
At and for the three months ended
 
September 30, 2018
 
June 30,
 2018
 
March 31,
 2018
 
December 31, 2017
 
September 30, 2017
 
 
 
 
 
 
 
 
 
 
Income statement and share amounts
(Dollars in thousands, except per share amounts, unaudited)
Net interest income
$
39,497

 
$
37,170

 
$
34,724

 
$
34,218

 
$
33,868

Provision (benefit) for credit losses
504

 
311

 
(1,524
)
 
242

 
3,327

Noninterest income
10,237

 
10,615

 
9,800

 
8,715

 
5,041

Noninterest expense
34,344

 
32,012

 
29,857

 
31,771

 
40,443

Income (loss) before income tax expense (benefit)
14,886

 
15,462

 
16,191

 
10,920

 
(4,861
)
Income tax expense (benefit)
2,568

 
2,760

 
2,784

 
5,148

 
(2,688
)
Net income (loss)
$
12,318

 
$
12,702

 
$
13,407

 
$
5,772

 
$
(2,173
)
Basic earnings (loss) per common share
$
0.52

 
$
0.54

 
$
0.60

 
$
0.23

 
$
(0.17
)
Diluted earnings (loss) per common share
0.52

 
0.53

 
0.60

 
0.23

 
(0.17
)
Dividends declared per common share
0.0325

 
0.0325

 
0.0325

 
0.0325

 
0.0325

Weighted average common shares outstanding - basic
23,493,065

 
22,107,489

 
19,459,278

 
19,437,663

 
19,418,280

Weighted average common shares outstanding - diluted
23,716,779

 
22,382,003

 
19,675,473

 
19,653,797

 
19,418,280

 
 
 
 
 
 
 
 
 
 
Balance sheet data

 
 
 
 
 
 
 
 
Total loans held for investment
$
3,601,081

 
$
3,372,096

 
$
3,245,992

 
$
3,241,031

 
$
3,228,999

Total assets
4,667,564

 
4,371,792

 
4,214,899

 
4,153,995

 
4,088,677

Total deposits
3,727,158

 
3,672,097

 
3,580,738

 
3,512,014

 
3,453,535

Total stockholders' equity
531,919

 
519,356

 
462,824

 
455,342

 
452,904

 
 
 
 
 
 
 
 
 
 
Performance metrics and capital ratios
 
 
 
 
 
 
 
 
 
Yield on loans held for investment
5.00
%
 
4.89
%
 
4.73
%
 
4.53
%
 
4.48
 %
Yield on interest earnings assets
4.58

 
4.43

 
4.31

 
4.16

 
4.13

Rate on interest bearing deposits
1.16

 
1.01

 
0.90

 
0.83

 
0.77

Rate on total deposits
0.85

 
0.75

 
0.68

 
0.62

 
0.57

Net interest margin, fully tax equivalent
3.76

 
3.74

 
3.68

 
3.62

 
3.63

Return on average stockholders' equity (annualized)
9.15

 
9.94

 
11.82

 
5.00

 
(1.86
)
Return on average assets (annualized)
1.08

 
1.17

 
1.30

 
0.55


(0.21
)
Efficiency ratio (1)
69.06

 
66.99

 
67.06

 
74.00

 
103.94

Book value per common share (2)
$
22.52

 
$
22.10

 
$
20.30

 
$
19.94

 
$
19.83

Tangible book value per common share (2)
21.11

 
21.07

 
19.11

 
18.74

 
18.64

Common equity tier 1 to risk-weighted assets (3)
11.79
%
 
12.35
%
 
9.64
%
 
9.35
%
 
9.16
 %
Tier 1 capital to risk-weighted assets (3)
12.01

 
12.58

 
11.59

 
11.25

 
11.04

Total capital to risk-weighted assets (3)
12.88

 
13.48

 
12.53

 
12.26

 
12.11

Tier 1 leverage ratio (3)
11.34

 
11.63

 
10.65

 
10.53

 
10.65

____________________________
(1) 
Calculated by dividing total non-interest expense by net interest income plus non-interest income.
(2)  
Reflects book value per common share, as converted, and tangible book value per common share, as converted, for March 31, 2018, and 2017 quarterly periods. As used in this release, book value per common share, as converted and tangible book value per common share, as converted are non-GAAP financial measures. For a reconciliation of these measures to their comparable GAAP measures, see page 13 of this press release.
(3) 
September 30, 2018, ratios are estimated and calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve.


7

Origin Bancorp, Inc.
Selected Financial Data

 
Nine months ended
 
September 30, 2018
 
September 30, 2017
 
 
 
 
Income statement and share amounts
(Dollars in thousands, except per share amounts, unaudited)
Net interest income
$
111,391

 
$
96,086

(Benefit) provision for credit losses
(709
)
 
8,094

Noninterest income
30,652

 
20,472

Noninterest expense
96,213

 
98,903

Income before income tax expense
46,539

 
9,561

Income tax expense
8,112

 
664

Net income
$
38,427

 
$
8,897

Basic earnings per common share
$
1.66

 
$
0.28

Diluted earnings per common share(1)
1.64

 
0.27

Dividends declared per common share
0.0975

 
0.0975

Weighted average common shares outstanding - basic
21,476,801

 
19,411,745

Weighted average common shares outstanding - diluted
21,700,515

 
19,633,743

 
 
 
 
Performance metrics and capital ratios
 
 
 
Return on average stockholders' equity (annualized)
10.22
%
 
2.58
%
Return on average assets (annualized)
1.18

 
0.29

Efficiency ratio (2)
67.74

 
84.85

____________________________
(1) 
Due to rounding and the methodology used by the two-class method, the sum of quarterly periods may not agree to the year-to-date total presented.
(2) 
Calculated by dividing total noninterest expense by net interest income plus non-interest income.




8

Origin Bancorp, Inc.
Consolidated Balance Sheets

(Dollars in thousands)
September 30, 2018
 
June 30,
2018
 
March 31,
2018
 
December 31,
2017
 
September 30,
2017
Assets
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
(Unaudited)
Cash and due from banks
$
60,716

 
$
71,709

 
$
52,989

 
$
78,489

 
$
69,327

Interest-bearing deposits in banks
59,721

 
97,865

 
194,268

 
108,698

 
69,420

Federal funds sold
20,000

 

 

 

 

Total cash and cash equivalents
140,437

 
169,574

 
247,257

 
187,187

 
138,747

Securities:
 
 
 
 
 
 
 
 
 
Available for sale
585,788

 
507,513

 
414,157

 
404,532

 
385,008

Held to maturity
19,602

 
19,731

 
19,860

 
20,188

 
20,314

Securities carried at fair value through income
11,273

 
11,413

 
11,723

 
12,033

 
12,272

Total securities
616,663

 
538,657

 
445,740

 
436,753

 
417,594

Non-marketable equity securities held in other financial institutions
39,283

 
25,005

 
22,995

 
22,967

 
22,940

Loans held for sale
50,658

 
62,072

 
48,988

 
65,343

 
76,621

Loans
3,601,081

 
3,372,096

 
3,245,992

 
3,241,031

 
3,228,999

Less: allowance for loan losses
35,727

 
34,151

 
34,132

 
37,083

 
39,445

Loans, net of allowance for loan losses
3,565,354

 
3,337,945

 
3,211,860

 
3,203,948

 
3,189,554

Premises and equipment, net
74,936

 
77,064

 
76,648

 
77,408

 
79,158

Mortgage servicing rights
26,163

 
25,738

 
25,999

 
24,182

 
26,271

Cash surrender value of bank-owned life insurance
32,487

 
28,326

 
28,185

 
27,993

 
27,833

Goodwill and other intangible assets, net
33,228

 
24,113

 
24,219

 
24,336

 
24,457

Accrued interest receivable and other assets
88,355

 
83,298

 
83,008

 
83,878

 
85,502

Total assets
$
4,667,564

 
$
4,371,792

 
$
4,214,899

 
$
4,153,995

 
$
4,088,677

Liabilities and Stockholders' Equity
 
 
 
 
 
 
 
 
 
Noninterest-bearing deposits
$
976,260

 
$
950,080

 
$
885,883

 
$
832,853

 
$
869,198

Interest-bearing deposits
1,985,757

 
1,995,798

 
2,071,626

 
2,060,068

 
1,976,746

Time deposits
765,141

 
726,219

 
623,229

 
619,093

 
607,591

Total deposits
3,727,158

 
3,672,097

 
3,580,738

 
3,512,014

 
3,453,535

FHLB advances and other borrowings
358,532

 
139,092

 
132,224

 
144,357

 
126,108

Junior subordinated debentures
9,637

 
9,631

 
9,625

 
9,619

 
9,613

Accrued expenses and other liabilities
40,318

 
31,616

 
29,488

 
32,663

 
46,517

Total liabilities
4,135,645

 
3,852,436

 
3,752,075

 
3,698,653

 
3,635,773

Commitments and contingencies

 

 
34,991

 
34,991

 
28,396

Stockholders' equity
 
 
 
 
 
 
 
 
 
Preferred stock - series SBLF

 

 
48,260

 
48,260

 
48,260

Preferred stock - series D

 

 
16,998

 
16,998

 
16,998

Common stock
118,106

 
117,520

 
97,626

 
97,594

 
97,495

Additional paid-in capital
240,832

 
238,260

 
146,201

 
146,061

 
145,625

Retained earnings
179,178

 
167,628

 
156,498

 
145,122

 
141,100

Accumulated other comprehensive (loss) income
(6,197
)
 
(4,052
)
 
(2,759
)
 
1,307

 
3,426


531,919

 
519,356

 
462,824

 
455,342

 
452,904

Less: ESOP-owned shares

 

 
34,991

 
34,991

 
28,396

Total stockholders' equity
531,919

 
519,356

 
427,833

 
420,351

 
424,508

Total liabilities and stockholders' equity
$
4,667,564

 
$
4,371,792

 
$
4,214,899

 
$
4,153,995

 
$
4,088,677



9

Origin Bancorp, Inc.
Consolidated Quarterly Statements of Income


 
Three months ended
 
September 30, 2018
 
June 30,
2018
 
March 31,
2018
 
December 31,
2017
 
September 30,
2017
 
 
 
 
 
 
 
 
 
 
Interest and dividend income
(Dollars in thousands, except per share amounts, unaudited)
Interest and fees on loans
$
43,872

 
$
40,219

 
$
37,474

 
$
36,923

 
$
36,185

Investment securities-taxable
2,754

 
2,057

 
1,740

 
1,619

 
1,536

Investment securities-nontaxable
1,129

 
1,156

 
1,184

 
1,187

 
1,187

Interest and dividend income on assets held in other financial institutions
1,080

 
1,320

 
1,046

 
679

 
706

Federal funds sold
7

 

 

 

 

Total interest and dividend income
48,842

 
44,752

 
41,444

 
40,408

 
39,614

Interest expense
 
 
 
 
 
 
 
 
 
Interest-bearing deposits
7,891

 
6,820

 
5,980

 
5,447

 
4,995

FHLB advances and other borrowings
1,314

 
624

 
604

 
605

 
612

Subordinated debentures
140

 
138

 
136

 
138

 
139

Total interest expense
9,345

 
7,582

 
6,720

 
6,190

 
5,746

Net interest income
39,497

 
37,170

 
34,724

 
34,218

 
33,868

Provision (benefit) for credit losses
504

 
311

 
(1,524
)
 
242

 
3,327

Net interest income after provision (benefit) for credit losses
38,993

 
36,859

 
36,248

 
33,976

 
30,541

Noninterest income
 
 
 
 
 
 
 
 
 
Service charges and fees
3,234

 
3,157

 
3,014

 
3,032

 
2,919

Mortgage banking revenue
2,621

 
2,317

 
2,394

 
3,106

 
3,895

Insurance commission and fee income
3,306

 
1,826

 
2,107

 
1,419

 
2,043

Loss on non-mortgage loans held for sale, net

 

 

 

 
(5,409
)
(Loss) gain on sales and disposals of other assets, net
(207
)
 
121

 
(61
)
 
(336
)
 
(44
)
Other fee income
364

 
403

 
452

 
416

 
574

Other income
919

 
2,791

 
1,894

 
1,078

 
1,063

Total noninterest income
10,237

 
10,615

 
9,800

 
8,715

 
5,041

Noninterest expense
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
21,054

 
19,859

 
18,241

 
18,215

 
18,342

Occupancy and equipment, net
4,169

 
3,793

 
3,653

 
3,999

 
4,046

Data processing
1,523

 
1,347

 
1,473

 
1,425

 
1,259

Electronic banking
761

 
680

 
743

 
558

 
235

Communications
490

 
510

 
515

 
493

 
469

Advertising and marketing
1,245

 
1,022

 
657

 
1,065

 
651

Professional services
982

 
598

 
665

 
1,167

 
1,364

Regulatory assessments
411

 
660

 
720

 
739

 
748

Loan related expenses
718

 
798

 
713

 
1,459

 
993

Office and operations
1,499

 
1,588

 
1,278

 
1,351

 
1,330

Litigation settlement

 

 

 

 
10,000

Other expenses
1,492

 
1,157

 
1,199

 
1,300

 
1,006

Total noninterest expense
34,344

 
32,012

 
29,857

 
31,771

 
40,443

Income (loss) before income tax expense (benefit)
14,886

 
15,462

 
16,191

 
10,920

 
(4,861
)
Income tax expense (benefit)
2,568

 
2,760

 
2,784

 
5,148

 
(2,688
)
Net income (loss)
$
12,318

 
$
12,702

 
$
13,407

 
$
5,772

 
$
(2,173
)
Basic earnings (loss) per common share
$
0.52

 
$
0.54

 
$
0.60

 
$
0.23

 
$
(0.17
)
Diluted earnings (loss) per common share
0.52

 
0.53

 
0.60

 
0.23

 
(0.17
)


10

Origin Bancorp, Inc.
Loan Data


 
At and for the three months ended
Loans held for investment
September 30, 2018
 
June 30,
 2018
 
March 31,
2018
 
December 31,
2017
 
September 30,
2017
 
 
 
 
 
 
 
 
 
 
Loans secured by real estate:
(Dollars in thousands, unaudited)
Commercial real estate
$
1,162,274

 
$
1,091,581

 
$
1,096,948

 
$
1,083,275

 
$
1,050,543

Construction/land/land development
406,249

 
380,869

 
340,684

 
322,404

 
338,081

Residential real estate
585,931

 
563,016

 
583,461

 
570,583

 
534,268

Total real estate
2,154,454

 
2,035,466

 
2,021,093

 
1,976,262

 
1,922,892

Commercial and industrial
1,193,035

 
1,046,488

 
1,012,760

 
989,220

 
1,005,185

Mortgage warehouse lines of credit
233,325

 
270,494

 
191,154

 
255,044

 
279,804

Consumer
20,267

 
19,648

 
20,985

 
20,505

 
21,118

Total loans held for investment
3,601,081

 
3,372,096

 
3,245,992

 
3,241,031

 
3,228,999

Less: Allowance for loan losses
35,727

 
34,151

 
34,132

 
37,083

 
39,445

Loans held for investment, net
$
3,565,354

 
$
3,337,945

 
$
3,211,860

 
$
3,203,948

 
$
3,189,554

 
 
 
 
 
 
 
 
 
 
Nonperforming assets
 
 
 
 
 
 
 
 
 
Nonperforming loans held for investment
 
 
 
 
 
 
 
 
 
Commercial real estate
$
8,851

 
$
8,712

 
$
8,851

 
$
1,745

 
$
1,809

Construction/land/land development
960

 
1,197

 
1,272

 
1,097

 
872

Residential real estate
7,220

 
7,713

 
7,226

 
7,166

 
7,550

Commercial and industrial
9,285

 
8,831

 
9,312

 
13,512

 
14,250

Consumer
238

 
340

 
349

 
282

 
183

Total nonperforming loans held for investment
26,554

 
26,793

 
27,010

 
23,802

 
24,664

Nonperforming loans held for sale
1,391

 
1,949

 
246

 

 
5,695

Total nonperforming loans
27,945

 
28,742

 
27,256

 
23,802

 
30,359

Repossessed assets
3,306

 
654

 
722

 
574

 
902

Total nonperforming assets
$
31,251

 
$
29,396

 
$
27,978

 
$
24,376

 
$
31,261

Classified assets
$
80,092

 
$
87,289

 
$
91,760

 
$
91,869

 
$
122,329

 
 
 
 
 
 
 
 
 
 
Allowance for loan losses
 
 
 
 
 
 
 
 
 
Balance at beginning of period
$
34,151

 
$
34,132

 
$
37,083

 
$
39,445

 
$
41,634

Provision (benefit) for loan losses
1,113

 
140

 
(1,558
)
 
504

 
3,776

Loans charged off
1,009

 
794

 
1,738

 
4,180

 
6,296

Loan recoveries
1,472

 
673

 
345

 
1,314

 
331

Net charge offs
(463
)
 
121

 
1,393

 
2,866

 
5,965

Balance at end of period
$
35,727

 
$
34,151

 
$
34,132

 
$
37,083

 
$
39,445

 
 
 
 
 
 
 
 
 
 
Credit quality ratios
 
 
 
 
 
 
 
 
 
Total nonperforming assets to total assets
0.67
 %
 
0.67
%
 
0.66
%
 
0.59
%
 
0.76
%
Total nonperforming loans to total loans
0.77

 
0.84

 
0.83

 
0.72

 
0.92

Nonperforming loans held for investment to loans held for investment
0.74

 
0.79

 
0.83

 
0.73

 
0.76

Allowance for loan losses to nonperforming loans held for investment
134.54

 
127.46

 
126.37

 
155.80

 
159.93

Allowance for loan losses to total loans held for investment
0.99

 
1.01

 
1.05

 
1.14

 
1.22

Net (recoveries) charge offs to total average loans held for investment (annualized)
(0.05
)
 
0.01

 
0.18

 
0.36

 
0.75



11

Origin Bancorp, Inc.
Average Balances and Yields/Rates


 
Three months ended
 
September 30, 2018
 
June 30, 2018
 
September 30, 2017
 
Average Balance
 
Yield/Rate
 
Average Balance
 
Yield/Rate
 
Average Balance
 
Yield/Rate
 
 
 
 
 
 
 
 
 
 
 
 
Assets
(Dollars in thousands, unaudited)
Commercial real estate
$
1,122,377

 
4.96
%
 
$
1,090,888

 
4.82
%
 
$
1,033,602

 
4.57
%
Construction/land/land development
392,936

 
5.34

 
351,342

 
5.33

 
316,660

 
4.78

Residential real estate
575,126

 
4.75

 
586,956

 
4.57

 
511,644

 
4.48

Commercial and industrial
1,120,431

 
4.96

 
1,024,981

 
4.85

 
1,030,369

 
4.25

Mortgage warehouse lines of credit
228,031

 
5.37

 
208,809

 
5.33

 
249,511

 
4.54

Consumer
20,129

 
6.91

 
20,774

 
6.83

 
21,515

 
6.42

Loans held for investment
3,459,030

 
5.00

 
3,283,750

 
4.89

 
3,163,301

 
4.48

Loans held for sale
22,157

 
5.20

 
20,491

 
3.88

 
50,318

 
3.89

Loans Receivable
3,481,187

 
5.00

 
3,304,241

 
4.88

 
3,213,619

 
4.47

Investment securities-taxable
440,676

 
2.50

 
363,960

 
2.26

 
288,100

 
2.13

Investment securities-nontaxable
125,489

 
3.60

 
128,504

 
3.60

 
134,566

 
3.53

Non-marketable equity securities held in other financial institutions
32,058

 
2.31

 
23,040

 
4.80

 
19,473

 
3.91

Interest-bearing balances due from banks
148,853

 
2.38

 
235,299

 
1.78

 
147,726

 
1.38

Federal funds sold
1,304

 
2.03

 

 

 

 

Total interest-earning assets
4,229,567

 
4.58
%
 
4,055,044

 
4.43
%
 
3,803,484

 
4.13
%
Noninterest-earning assets(1)
310,804

 
 
 
311,279

 
 
 
294,358

 
 
Total assets
$
4,540,371

 
 
 
$
4,366,323

 
 
 
$
4,097,842

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Stockholders' Equity
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
Interest-bearing liabilities
 
 
 
 
 
 
 
 
 
 
 
Savings and interest-bearing transaction accounts
$
1,963,821

 
1.01
%
 
$
2,017,453

 
0.88
%
 
$
1,953,333

 
0.68
%
Time deposits
740,893

 
1.54

 
699,765

 
1.36

 
621,271

 
1.06

Total interest-bearing deposits
2,704,714

 
1.16

 
2,717,218

 
1.01

 
2,574,604

 
0.77

Borrowings
204,607

 
2.40

 
75,189

 
3.04

 
76,265

 
3.05

Securities sold under agreements to repurchase
34,284

 
0.92

 
30,233

 
0.71

 
29,182

 
0.35

Subordinated debentures
9,633

 
5.67

 
9,628

 
5.67

 
9,610

 
5.72

Total interest-bearing liabilities
2,953,238

 
1.26

 
2,832,268

 
1.07

 
2,689,661

 
0.85

Noninterest-bearing deposits
984,330

 
 
 
942,533

 
 
 
880,199

 
 
Other liabilities(1)
68,553

 
 
 
79,141

 
 
 
63,730

 
 
Total liabilities
4,006,121

 
 
 
3,853,942

 
 
 
3,633,590

 
 
Stockholders' Equity
534,250

 
 
 
512,381

 
 
 
464,252

 
 
Total liabilities and stockholders' equity
$
4,540,371

 
 
 
$
4,366,323

 
 
 
$
4,097,842

 
 
Net interest spread
 
 
3.32
%
 
 
 
3.36
%
 
 
 
3.28
%
Net interest margin
 
 
3.70
%
 
 
 
3.68
%
 
 
 
3.53
%
Net interest income margin - (tax- equivalent)(2)
 
 
3.76
%
 
 
 
3.74
%
 
 
 
3.63
%
____________________________
(1)
Includes Government National Mortgage Association ("GNMA") repurchase average balances of $29.9 million, $29.3 million and $25.7 million for the three months ended September 30, 2018, June 30, 2018, and September 30, 2017, respectively. The GNMA repurchase asset and liability are recorded as equal offsetting amounts in the consolidated balance sheets, with the asset included in Loans Held for Sale and the liability included in FHLB Advances and other borrowings.
(2)
In order to present pretax income and resulting yields on tax-exempt investments comparable to those on taxable investments, a tax-equivalent adjustment has been computed. This adjustment also includes income tax credits received on Qualified School Construction Bonds. Income from tax-exempt investments and tax credits were computed using a Federal income tax rate of 21% for the three months ended September 30, 2018, and June 30, 2018, and 35% for the three months ended September 30, 2017. The tax-equivalent net interest margin would have been 3.59% for the three months ended September 30, 2017, if the Company had been subject to the 21% Federal income tax rate enacted for 2018, in the Tax Cuts and Jobs Act.


12

Origin Bancorp, Inc.
Non-GAAP
Reconciliation

The following are the non-GAAP measures used in this release:

Book value per common share, as converted is defined as total stockholders' equity, less SBLF preferred stock, divided by common shares outstanding (assuming the conversion of all shares of Series D preferred stock issued and outstanding into common shares on a one-for-one basis).

Tangible book value per common share, as converted is determined by dividing total stockholders' equity less SBLF preferred stock, goodwill and other intangible assets, net by common shares outstanding (assuming the conversion of all shares of Series D preferred stock issued and outstanding into common shares on a one-for-one basis).

The following table reconciles, at the dates set forth below, the difference between these non-GAAP financial measures and their most directly comparable financial measures calculated in accordance with GAAP.
 
September 30, 2018
 
June 30,
2018
 
March 31, 2018
 
December 31,
2017
 
September 30,
2017
 
 
 
 
 
 
 
 
 
 
Calculation of book value per common share, as converted(1)
(Dollars in thousands, except per share amounts, unaudited)
Total stockholders' equity(2)
$
531,919

 
$
519,356

 
$
462,824

 
$
455,342

 
$
452,904

Less: Preferred stock, series SBLF

 

 
48,260

 
48,260

 
48,260

 Stockholders' equity less SBLF preferred stock
$
531,919

 
$
519,356

 
$
414,564

 
$
407,082

 
$
404,644

Common shares outstanding at end of period
23,621,235

 
23,504,063

 
19,525,241

 
19,518,752

 
19,499,072

Add: Series D preferred shares

 

 
901,644

 
901,644

 
901,644

         Common shares, as converted
23,621,235

 
23,504,063

 
20,426,885

 
20,420,396

 
20,400,716

Book value per common share, as converted
$
22.52

 
$
22.10

 
$
20.30

 
$
19.94

 
$
19.83

 
 
 
 
 
 
 
 
 
 
Calculation of tangible book value per common share, as converted(1)
 
 
 
 
 
 
 
 
 
Total stockholders' equity(2)
$
531,919

 
$
519,356

 
$
462,824

 
$
455,342

 
$
452,904

Less: Preferred stock, series SBLF

 

 
48,260

 
48,260

 
48,260

         Goodwill and intangible assets, net
33,228

 
24,113

 
24,219

 
24,336

 
24,457

Total tangible common stockholders' equity, as converted
$
498,691

 
$
495,243

 
$
390,345

 
$
382,746

 
$
380,187

Common shares, as converted
23,621,235

 
23,504,063

 
20,426,885

 
20,420,396

 
20,400,716

Tangible book value per common share, as converted
$
21.11

 
$
21.07

 
$
19.11

 
$
18.74

 
$
18.64

____________________________
(1)  
On June 8, 2018, the Company redeemed all 48,260 shares of its Preferred Stock, series SBLF and also effected the conversion of 901,644 shares of its Series D preferred stock, representing all of the outstanding shares of Series D preferred stock, into shares of its common stock on a one-for-one basis.
(2)  
Includes ESOP-owned shares for all periods prior to June 30, 2018.

13

View differences made from one to another to evaluate Origin Bancorp, Inc. Attn Chase Anderson's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Origin Bancorp, Inc. Attn Chase Anderson.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account