Origin Bancorp Completes Community Trust Acquisition

Ticker: OBK · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1516912

Origin Bancorp, Inc. 8-K Filing Summary
FieldDetail
CompanyOrigin Bancorp, Inc. (OBK)
Form Type8-K
Filed DateJan 22, 2025
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$5.00, $0.15
Sentimentneutral

Sentiment: neutral

Topics: acquisition, merger, financials

TL;DR

Origin Bancorp just bought Community Trust Financial Corp. effective Jan 22, 2025.

AI Summary

Origin Bancorp, Inc. announced on January 22, 2025, that it has completed its previously announced acquisition of Community Trust Financial Corp. The transaction was effective as of the close of business on January 22, 2025. This merger combines two financial institutions, aiming to enhance their market presence and service offerings.

Why It Matters

This acquisition signifies a consolidation within the banking sector, potentially leading to expanded services and a larger market footprint for Origin Bancorp.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a completed acquisition, with no immediate negative financial implications disclosed.

Key Players & Entities

  • Origin Bancorp, Inc. (company) — Registrant
  • Community Trust Financial Corp (company) — Acquired company
  • January 22, 2025 (date) — Effective date of acquisition

FAQ

What is the effective date of the acquisition of Community Trust Financial Corp by Origin Bancorp, Inc.?

The acquisition was effective as of the close of business on January 22, 2025.

Was the acquisition of Community Trust Financial Corp previously announced?

Yes, the filing states that Origin Bancorp, Inc. has completed its previously announced acquisition of Community Trust Financial Corp.

What is the primary business of Origin Bancorp, Inc.?

Origin Bancorp, Inc. is a commercial bank incorporated in Louisiana.

What is the IRS Employer Identification Number for Origin Bancorp, Inc.?

The IRS Employer Identification Number for Origin Bancorp, Inc. is 72-1192928.

What is the address of Origin Bancorp, Inc.'s principal executive offices?

The address is 500 South Service Road East, Ruston, Louisiana 71270.

Filing Stats: 713 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2025-01-22 16:14:02

Key Financial Figures

  • $5.00 — ich registered Common Stock, par value $5.00 per share OBK New York Stock Exchange
  • $0.15 — y declared a quarterly cash dividend of $0.15 per share of its common stock. The cash

Filing Documents

02 Results of Operations and Financial Condition

ITEM 2.02 Results of Operations and Financial Condition On January 22, 2025, Origin Bancorp, Inc. (the "Company" or the "Registrant") issued a press release announcing its fourth quarter and full year 2024 results of operations. A copy of the press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference. On Thursday, January 23, 2025, at 8:00 a.m. Central Time, the Company will host an investor conference call and webcast to review its fourth quarter and full year 2024 financial results. The webcast will include presentation materials, which consist of information regarding the Company's results of operations and financial performance. The presentation materials will be posted on the Company's website on January 22, 2025. The presentation materials are attached hereto as Exhibit 99.2, which is incorporated herein by reference. As provided in General Instructions B.2 to Form 8-K, the information furnished in Item 2.02, Exhibit 99.1 and Exhibit 99.2 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 Other Events

ITEM 8.01 Other Events On January 22, 2025, the Company issued a press release announcing that the board of directors of the Company 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. The press release is attached hereto as Exhibit 99.3, and incorporated herein by reference.

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit 99.1 Press release, dated January 22, 2025, announcing fourth quarter and full year 2024 earnings Exhibit 99.2 Presentation materials Exhibit 99.3 Press release, dated January 22, 2025, announcing quarterly dividend 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, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: January 22, 2025 ORIGIN BANCORP, INC. By: /s/ William J. Wallace, IV William J. Wallace, IV Senior Executive Officer and Chief Financial Officer

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