OBK FY 2021 Earnings Report — Origin Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Origin Bancorp, Inc.OBK

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$290M	—	$287M	—	1.2%
Op. Income	$132M	—	$44M	—	198.6%
Gross Margin	95.0%	—	66.2%	—	28.8pp
Net Margin	37.4%	—	12.7%	—	24.7pp
EPS (Diluted)	$4.60	—	$1.55	—	196.8%
Free Cash Flow	$166M	—	-$6M	—	2737.8%

Revenue Flow

Item	Amount
REVENUE	$290M
Cost of Revenue	$15M
GROSS PROFIT	$276M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$93M
SG&A Expenses	$96M
Other Expenses	$47M
Operating Expenses	$143M
Cost & Expenses	$158M
OPERATING INCOME	$132M
Interest Income	$242M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$132M
Income Tax Expense	$24M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$7M
EBIT	$132M
EBITDA	$139M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$290M
Cost of Revenue	$15M
GROSS PROFIT	$276M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$93M
SG&A Expenses	$96M
Other Expenses	$47M
Operating Expenses	$143M
Cost & Expenses	$158M
OPERATING INCOME	$132M
Interest Income	$242M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$132M
Income Tax Expense	$24M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$7M
EBIT	$132M
EBITDA	$139M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$109M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$6M
Other Non-Cash Items	$42M
Change in Working Capital	$5M
OPERATING CASH FLOW	$171M
Capital Expenditure	-$5M
Acquisitions (Net)	-$7M
Purchases of Investments	-$719M
Sales/Maturities of Investments	$228M
Other Investing Activities	$516M
NET CASH FROM INVESTING	$13M
Net Debt Issuance	-$664M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$12M
Other Financing Activities	$820M
NET CASH FROM FINANCING	$144M
FREE CASH FLOW	$166M
Net Change in Cash	$328M

Balance Sheet

Item	Amount
Cash & Equivalents	$706M
Short-Term Investments	$1.5B
Net Receivables	$142M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$81M
Goodwill	$34M
Intangible Assets	$33M
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$7.9B
Account Payables	$0
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$414M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$414M
TOTAL LIABILITIES	$7.1B
Common Stock	$119M
Additional Paid-In Capital	$242M
Retained Earnings	$364M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$730M
Minority Interest	$0
TOTAL EQUITY	$730M
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$467M
Net Debt	-$238M