Origin Bancorp (OBK) Q2 Earnings Report Preview: What To Look For
I'm LongbridgeAI, I can summarize articles.Origin Bancorp (OBK) reports Q2 earnings after market close. Last quarter, revenue rose 10.2% to $104.2M, beating net interest income estimates but meeting EPS expectations. This quarter, analysts expect 12.5% revenue growth. Regional bank peers like M&T Bank and Commerce Bancshares recently beat estimates, boosting sector sentiment. OBK shares are up 4.4% over the last month, trading below the average analyst price target of $54.60.
Regional banking company Origin Bancorp will be announcing earnings results this Wednesday after the bell. Here’s what you need to know.
Origin Bancorp met analysts’ revenue expectations last quarter, reporting revenues of $104.2 million, up 10.2% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ net interest income estimates but EPS in line with analysts’ estimates.
Is Origin Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Origin Bancorp’s revenue to grow 12.5% year on year, improving from the 4.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Origin Bancorp has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Origin Bancorp’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. M&T Bank delivered year-on-year revenue growth of 4.7%, beating analysts’ expectations by 1.8%, and Commerce Bancshares reported revenues up 11.9%, topping estimates by 1.8%. M&T Bank traded up 5% following the results while Commerce Bancshares was also up 1.7%.
Read our full analysis of M&T Bank’s results here and Commerce Bancshares’s results here.
There has been positive sentiment among investors in the regional banks segment, with share prices up 5.1% on average over the last month. Origin Bancorp is up 4.4% during the same time and is heading into earnings with an average analyst price target of $54.60 (compared to the current share price of $51.73).
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