OBK FY 2020 Earnings Report — Origin Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Origin Bancorp, Inc.OBK

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$287M	—	$269M	—	6.5%
Op. Income	$44M	—	$67M	—	-33.4%
Gross Margin	66.2%	—	76.6%	—	-10.5pp
Net Margin	12.7%	—	20.0%	—	-7.3pp
EPS (Diluted)	$1.55	—	$2.28	—	-32.0%
Free Cash Flow	-$6M	—	$50M	—	-112.5%

Revenue Flow

Item	Amount
REVENUE	$287M
Cost of Revenue	$97M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$97M
SG&A Expenses	$100M
Other Expenses	$45M
Operating Expenses	$146M
Cost & Expenses	$243M
OPERATING INCOME	$44M
Interest Income	$229M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$8M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$7M
EBIT	$44M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$287M
Cost of Revenue	$97M
GROSS PROFIT	$190M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$97M
SG&A Expenses	$100M
Other Expenses	$45M
Operating Expenses	$146M
Cost & Expenses	$243M
OPERATING INCOME	$44M
Interest Income	$229M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$8M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$7M
EBIT	$44M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$32M
Change in Working Capital	-$917.0K
OPERATING CASH FLOW	$887.0K
Capital Expenditure	-$7M
Acquisitions (Net)	$818.0K
Purchases of Investments	-$733M
Sales/Maturities of Investments	$218M
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$695M
Common Stock Repurchased	-$723.0K
Common Dividends Paid	-$9M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$2.2B
FREE CASH FLOW	-$6M
Net Change in Cash	$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$377M
Short-Term Investments	$1.0B
Net Receivables	$141M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$82M
Goodwill	$27M
Intangible Assets	$17M
Long-Term Investments	$5.9B
Tax Assets	$0
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$7.6B
Account Payables	$0
Short-Term Debt	$714M
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$428M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$428M
TOTAL LIABILITIES	$7.0B
Common Stock	$118M
Additional Paid-In Capital	$237M
Retained Earnings	$267M
Treasury Stock	$0
Accum. Other Comp. Income	$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$647M
Minority Interest	$0
TOTAL EQUITY	$647M
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$1.1B
Net Debt	$765M