OBK FY 2018 Earnings Report — Origin Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Origin Bancorp, Inc.OBK

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$225M	—	$177M	—	27.4%
Op. Income	$62M	—	$20M	—	204.9%
Gross Margin	84.2%	—	82.7%	—	1.5pp
Net Margin	22.9%	—	8.3%	—	14.6pp
EPS (Diluted)	$2.20	—	$0.45	—	388.9%
Free Cash Flow	$72M	—	$59M	—	22.7%

Revenue Flow

Item	Amount
REVENUE	$225M
Cost of Revenue	$36M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$80M
SG&A Expenses	$85M
Other Expenses	$43M
Operating Expenses	$127M
Cost & Expenses	$163M
OPERATING INCOME	$62M
Interest Income	$188M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$11M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	-$166.0K
BOTTOM LINE NET INCOME	$49M
D&A	$6M
EBIT	$62M
EBITDA	$68M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$225M
Cost of Revenue	$36M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$80M
SG&A Expenses	$85M
Other Expenses	$43M
Operating Expenses	$127M
Cost & Expenses	$163M
OPERATING INCOME	$62M
Interest Income	$188M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$11M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	-$166.0K
BOTTOM LINE NET INCOME	$49M
D&A	$6M
EBIT	$62M
EBITDA	$68M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$6M
Stock-Based Compensation	$1M
Deferred Income Tax	$6M
Other Non-Cash Items	$14M
Change in Working Capital	-$713.0K
OPERATING CASH FLOW	$78M
Capital Expenditure	-$5M
Acquisitions (Net)	-$6M
Purchases of Investments	-$497M
Sales/Maturities of Investments	$301M
Other Investing Activities	-$557M
NET CASH FROM INVESTING	-$765M
Net Debt Issuance	$300M
Common Stock Repurchased	-$48M
Common Dividends Paid	-$6M
Other Financing Activities	$275M
NET CASH FROM FINANCING	$617M
FREE CASH FLOW	$72M
Net Change in Cash	-$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$117M
Short-Term Investments	$576M
Net Receivables	$84M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$776M
PP&E (Net)	$75M
Goodwill	$27M
Intangible Assets	$31M
Long-Term Investments	$3.8B
Tax Assets	$0
Other Non-Current Assets	$75M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$455M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$455M
TOTAL LIABILITIES	$4.3B
Common Stock	$119M
Additional Paid-In Capital	$242M
Retained Earnings	$192M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$550M
Minority Interest	$0
TOTAL EQUITY	$550M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$455M
Net Debt	$338M