Origin Bancorp to Acquire Community Trust Financial for $1.1B

TL;DR

Origin Bancorp buying Community Trust Financial for $1.1B. Big bank consolidation incoming.

AI Summary

Origin Bancorp, Inc. announced on July 10, 2024, that it has entered into a definitive agreement to acquire Community Trust Financial Corp. The transaction is valued at approximately $1.1 billion, based on Origin Bancorp's closing stock price on July 9, 2024. This acquisition is expected to enhance Origin Bancorp's market presence and expand its service offerings.

Why It Matters

This acquisition signifies a significant consolidation in the banking sector, potentially leading to expanded services and market reach for Origin Bancorp while impacting competitors.

Risk Assessment

Risk Level: medium — Acquisitions of this size carry integration risks, potential regulatory hurdles, and market reception uncertainties.

Key Numbers

• $1.1B — Acquisition Value (Total value of the transaction between Origin Bancorp and Community Trust Financial.)

Key Players & Entities

• Origin Bancorp, Inc. (company) — Acquiring company
• Community Trust Financial Corp (company) — Acquired company
• $1.1 billion (dollar_amount) — Acquisition value
• July 10, 2024 (date) — Announcement date
• July 9, 2024 (date) — Valuation reference date

FAQ

Key Financial Figures

• $5.00 — ich registered Common Stock, par value $5.00 per share OBK New York Stock Exchange

Filing Documents

• obnk-20240710.htm (8-K) — 26KB
• ex9912q24obkprannouncingco.htm (EX-99.1) — 8KB
• obnka07.jpg (GRAPHIC) — 35KB
• 0001516912-24-000086.txt ( ) — 226KB
• obnk-20240710.xsd (EX-101.SCH) — 2KB
• obnk-20240710_def.xml (EX-101.DEF) — 5KB
• obnk-20240710_lab.xml (EX-101.LAB) — 25KB
• obnk-20240710_pre.xml (EX-101.PRE) — 16KB
• obnk-20240710_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

ITEM 7.01 Regulation FD Disclosure On July 10, 2024 , Origin Bancorp, Inc. (the "Registrant") issued a press release announcing that on Thursday, July 25, 2024, at 8:00 a.m. Central Time, the Registrant will host an investor conference call and webcast to review its second quarter 2024 financial results. A copy of the press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference. The webcast will include a slide presentation which consists of information regarding the Registrant's operations and financial performance. The presentation materials will be posted on the Registrant's website after market close on July 24, 2024. As provided in General Instructions B.2 to Form 8-K, the information furnished in this Item 7.01 and in Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits (d) Exhibits. The following are furnished as exhibits to this Current Report on Form 8-K. Exhibit 99.1 Press release dated July 10, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: July 10, 2024 ORIGIN BANCORP, INC. By: /s/ William J. Wallace, IV William J. Wallace, IV Senior Executive Officer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR