OBK FY 2019 Earnings Report — Origin Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Origin Bancorp, Inc.OBK

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$269M	—	$225M	—	19.5%
Op. Income	$67M	—	$62M	—	6.6%
Gross Margin	76.6%	—	84.2%	—	-7.5pp
Net Margin	20.0%	—	22.9%	—	-2.9pp
EPS (Diluted)	$2.28	—	$2.20	—	3.6%
Free Cash Flow	$50M	—	$72M	—	-30.3%

Revenue Flow

Item	Amount
REVENUE	$269M
Cost of Revenue	$63M
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$89M
SG&A Expenses	$93M
Other Expenses	$47M
Operating Expenses	$140M
Cost & Expenses	$203M
OPERATING INCOME	$67M
Interest Income	$227M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$13M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$67M
EBITDA	$73M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$269M
Cost of Revenue	$63M
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$89M
SG&A Expenses	$93M
Other Expenses	$47M
Operating Expenses	$140M
Cost & Expenses	$203M
OPERATING INCOME	$67M
Interest Income	$227M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$13M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$67M
EBITDA	$73M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	-$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$755.0K
OPERATING CASH FLOW	$62M
Capital Expenditure	-$11M
Acquisitions (Net)	$503.0K
Purchases of Investments	-$106M
Sales/Maturities of Investments	$187M
Other Investing Activities	-$361M
NET CASH FROM INVESTING	-$291M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$6M
Other Financing Activities	$422M
NET CASH FROM FINANCING	$404M
FREE CASH FLOW	$50M
Net Change in Cash	$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$292M
Short-Term Investments	$501M
Net Receivables	$111M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$904M
PP&E (Net)	$80M
Goodwill	$27M
Intangible Assets	$25M
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.3B
Account Payables	$0
Short-Term Debt	$145M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$282M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$282M
TOTAL LIABILITIES	$4.7B
Common Stock	$117M
Additional Paid-In Capital	$236M
Retained Earnings	$240M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$599M
Minority Interest	$0
TOTAL EQUITY	$599M
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$427M
Net Debt	$135M