Origin Bancorp, Inc. declares a quarterly cash dividend of $0.15 per share, payable February 28, 2025.
Quiver AI Summary
Origin Bancorp, Inc. announced a quarterly cash dividend of $0.15 per share on January 22, 2025, with payment scheduled for February 28, 2025, for stockholders on record by February 14, 2025. The company, headquartered in Ruston, Louisiana, operates through its wholly owned subsidiary, Origin Bank, which has a rich history of personalized relationship banking since its establishment in 1912. Origin provides a range of financial services in over 60 locations across multiple states. The press release also includes a caution about forward-looking statements, outlining various risks and uncertainties that could affect the company's financial performance and operational results.
Potential Positives
- Origin Bancorp's declaration of a quarterly cash dividend of $0.15 per share demonstrates financial stability and a commitment to returning value to shareholders.
- The dividend is scheduled to be paid to shareholders on February 28, 2025, providing a clear timeline for investors.
- The company has a long-standing history, having been founded in 1912, which establishes a sense of trust and reliability in its banking services.
Potential Negatives
- The quarterly cash dividend of $0.15 per share may indicate limited capital for reinvestment back into the company, which could be interpreted as a sign of financial caution.
- The press release highlights potential risks and uncertainties that could materially affect results, suggesting a challenging operational environment ahead.
- There is no mention of any growth initiatives or strategic plans, which may raise concerns among investors about the company's future direction.
FAQ
What is the cash dividend declared by Origin Bancorp?
Origin Bancorp declared a quarterly cash dividend of $0.15 per share of common stock.
When will the cash dividend be paid?
The cash dividend will be paid on February 28, 2025.
Who is eligible for the cash dividend payout?
Stockholders of record as of the close of business on February 14, 2025, are eligible for the cash dividend.
Where is Origin Bancorp headquartered?
Origin Bancorp is headquartered in Ruston, Louisiana.
What services does Origin Bank provide?
Origin Bank offers a broad range of financial services, including personalized relationship banking for businesses and individuals.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
RUSTON, La., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) ("Origin"), the holding company for Origin Bank, today announced that on January 22, 2025, its board of directors declared a quarterly cash dividend of $0.15 per share of its common stock. The cash dividend will be paid on February 28, 2025, to stockholders of record as of the close of business on February 14, 2025.
About Origin Bancorp, Inc.
Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates more than 60 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, South Alabama and the Florida Panhandle. For more information, visit www.origin.bank .
Forward-Looking Statements
When used in filings by Origin Bancorp, Inc. (the "Company") with the Securities and Exchange Commission (the "SEC"), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" or variations of such terms" are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Factors that might cause such a difference include among other things: the expected payment date of its quarterly cash dividend; changes in economic conditions; other legislative changes generally; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; competition; and changes in management’s business strategies and other factors set forth in the Company's filings with the SEC.
The Company does not undertake and specifically declines any obligation - to update or revise any forward-looking statements to reflect events or circumstances that occur after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact Information
Investor Relations
Chris Reigelman
318-497-3177
[email protected]
Media Contact
Ryan Kilpatrick
318-232-7472
[email protected]