OBK - Earnings call transcript Q2 2024

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Operator

Ladies and gentlemen, good morning, and welcome to the Origin Bancorp, Inc.

Second Quarter 2024 Earnings Conference Call. My name is David, and I will be your Evercall coordinator. [Operator Instructions] Please note that this event is being recorded, [Operator Instructions]. I would now like to turn the conference over to Chris Reigelman, Executive Director of Investor Relations. ahead. go Chris, Please,

Chris Reigelman

slide measures. thank X press joining of forward-looking copy financial release on includes Please harbor with is and to safe will issued this our our during of today. and slide our statements non-GAAP available call. the along website, earnings yesterday to our regarding that you morning, use we us refer Page for refer We which presentation of Good statements afternoon, which a presentation,

For phone, website presentation www.ir.origin.bank. available slide joined safe release. Drake Origin the our Chief call by Financial SEC the of those any may morning available Wallace; Please Chief be is and in All presentation statements the statements and harbor earnings with X harbor yesterday. that today's slide are joining our Banking comments President we'll the subject note and please Jim filed this Crotwell; I'm our Steve CEO, by during Accounting Chief Moore. Preston Officer, address our our and President presentation, happy earnings Hall; our note have. Officer, on of yours. to questions are at our Page safe release Bancorp's on Brolly; Origin also Drake, Officer, call Risk the is to Lance Officer, and Mills; CEO Credit you Chief Chairman, After Wally Bank, made

Drake Mills

Thanks, Chris.

highly battle bankers I deposit the continue pleased competitive in I'm they momentum of As our half proud forward, year, am very as we the markets. for our enter second to growth and moving with of company's

a results operating expanding new line customer our were basis, expectations. current success our experiencing relationships. as acquisition are quarter in well bankers with in second as core On Our

Houston investment were positively former and Origin Financial one our the in impacted to Our of of EPS sale by our of locations. valuation by due adjustment a $X.XX results

what activity question $X.XX second related so hit generally the ongoing a Texas terminated banker small can former can were by by is a impacted questioned in to to accounts positive activity transactions. our banker properly to recently among However, quarter of in East disputes, East of of negatively policy subject those market in EPS limited results and customers we without a facilitating This at are that number to our for share advances this the we violated the Texas say bank documented market. time. We

the terminated also have of legal engaged the customers a We engaged accounting affected resources banker, bankers' and We've review. our the assist conducted external and relationships. review to

questioned to related position. and we working at this actively to material do believe not this issues will resolve activity to might financial time, are our losses We realize be any

results We particularly quarter with income line in interest generally pleased margin net for expansion backing how we for of this impact presentation, notable Again, in remained on $X.XX based income, strong. the trends our However, were during the activity by our out noninterest were in to the financial of and quarter. with in EPS referenced net our growth issue, reduced items financial expectations. the interest account type have the continued

for are progress and great regulatory making received have Walton Fort new and our locations. approval our We in market Southeast Beach Mobile

and on some of confidence We stakeholders. country value deliver deal team our long-term great best our customer an to the and the a to footprint delivering have have have bankers in of our ability I attractive markets of built a relationships. focused in in team profitable

to I'll turn Now it over Lance.

Martin Hall

as we Drake, morning. of good and strategically and bankers positioned company. Like a are Thanks, our very proud I'm how

continue deposit bankers strategy to loan growth. governing our Our growth understand of

great $XX.X funds, $XX deposits million average on funds noninterest-bearing selection. net were a the deposits seasonality time basis, deposits and client deal impacted While talking an basically of the quarter, grew public brokered about our spent the quarter. were importance of flat by during for up public million the Also, quarter-over-quarter. of I of

our excluding for warehouse see, down can the quarter. million, loans you $XX As were

any is working conservative industry or portfolio relationship. don't to acquisition, been lack credit philosophy, structure, As of due credit with meaningful believe guarantor we with through relationships have natural deposit align the Origin's that to we support identify a

As with we think competitive in which strategic Origin advantages. terms is an organization extraordinary of is planning, positioned real

have of attract driving a strategic an corporate talented lifting award-winning teams. We is to out our retain and a platform premier built in execution is culture tangible that factor banking and bankers

be align for model to value and of Our entrepreneurial in our building banking clients our spirit communities. in responsive nimble and geographic creating management teams our delivery and

highly Southeast. with our individuals X, Texas footprint relocating our Slide geographic desirable on throughout to companies country and highlighted is the As and

an organization for assembled build premier and successful recognized team our Throughout is dynamic uniquely our youthful, as have elite to the exceptional that a a employer management service. Origin's driven We decades. for markets, customer coming and

Banker to the proud are be to We best for. of one as consistently by recognized American work banks

leaders, is a to to team in Origin best story. all bank always an our to that evolution goal wonderful is as be compelling be is truly Origin financial has been elite competitive for a While ascend a the of highly things. growth recognition The performer.

of optimistic We be driven not throughout passionately company the the to bank of the but of be the and only to and are choice, choice. employer investment choice energized,

bankers. markets, around more data profiles parameters banking and products, business drive plan to client return strategic proactive a lines, includes Our actionable decisions analytics and centers, deep to commitment of

We also experience enhance to strategic believe and the and plan bank's We decisions, create sustainable margin clear embrace design compliance in personalized delivery. in monitoring, put the strategic automation, detection, financial will performance. will invest fraud to to that Origin profitability a efficiency excellence process will while improving our our enhancing marketing product client pricing continue and on improvement, path technology

Now over to it Jim. turn I'll

Jim Crotwell

Thanks, Lance.

as as up experience transactions the Classified end, from of X.XX% loans mentioned June our of for increased loans referenced from and our to to at while the to activity. $X.X being X.XX% Included his charge-offs the due level within prior in from the to portfolio, part held and for X.XX% $XXX,XXX from prior million, directly Past in X.XX% the forecast These were opening X.XX% quarter in in that the compared X.XX% quarter, relationships nonperforming prior charge-offs of were X.XX% in coming normalization of from X.XX% above. to nonperforming $XX $XX line by we While were were with for Drake of relationships in with at for related by quarter March previously million increase end loans activity continue assumptions. our the XX dues, quarter X.XX% in primary classified as to quarter this driven that million quarter. resulted totaled XX, from charge-offs the quarter, above downgrades came referenced Net loans increases as quarter the activity. the investment identified of comments. entirely at and loan the affected mentioned loans increased question attributed almost past

allowance additional the and and loans during mortgage the for expense X.XX% was to allowance X.XX% million provision by million. the million X.XX%, in a individual provision the to the allowance held On the to of attributed evaluation $X.X losses credit reserves for after a charge-offs increase and required $X.X The Our from increased quarter net warehouse. quarter. to from for to percentage X.XX% nonaccruals driven was our attributed $XXX.X a in required as net of our investments considering resulted basis, percentage total

Lance's appropriately quarter, we do and over increases of deem have concerning portfolio, review be to and experience for the did we comments Based our in rather to feel several a date, credit conservatively to overall metrics we not selection. the them actions internal single the but impact required all like we upon of credit While the wanted up banker. growth reflected quality the on reserves. client loan I follow established of

come our We in credit moving portfolio, the were of that $XX.X credits. a successful $XX.X been we good monitor be million quarter desired have these several deemed with relationships million, saw were to of fruition fit. continually the we in out during which past reductions, to not bank efforts As

manage closely continue monitor and our to portfolio. will We

focus performance on sector of portfolio. XX, CRE the With nonowner-occupied our continue this Slide shows added within provide office, resiliency the we which and detail market's on to

As of had classifieds average our loan-to-value no past coverage to no We and comment $XXX.X and and charge-offs weighted a X.XXx debt loans total. loan segment $X.X of million, on million, of a CRE no totaled nonperforming quarter of within I this in XX.X%. average no weighted only end, wanted dues, this portfolio average size service segment Lastly,

development CRE loans. was we merely nonowner-occupied -- the projects During $XXX and CRE year in quarter, decrease estate, achieving experienced the within increases by $XXX and and million multifamily this of several were a construction completion in represents shift portfolio. offset construction by driven which million total real

end, quarter total to growth. funded CRE, we which exposure continue the and turn overall with to risk-based to total Origin XXX% now closely Wally. capital to monitor provide of it of at total CRE a As over positions strategic I'll flexibility our reflect

William Wallace

Jim, Thanks, and morning, good everyone.

In diluted reported QX, earnings Turning $X.XX. share to we the per financials. of

This somewhat due quarter results. impacted items noisy several to that our notable financial was

As million, $X.X $X.XX overall was equivalent the EPS to Slide these you of XX, items can combined impact expense financial on net see of in notable pressure.

I side, start with a the sheet on were which balance deposits, essentially during will the On quarter. discussion flat

quarter and mentioned, Excluding ex-brokered due for quarter. noninterest-bearing was to second we for On in runoff quarter, since some deposits this seasonality the as as Though, growth average and decline an declined public increased XXXX. brokered late X.X%. first saw average timing deposits we the basis, Lance consecutive deposits the saw in fund

a deposit now of flat anticipate with expecting, we and mix also have shift result seeing remaining moving mix noninterest-bearing essentially The we the to As than better remain noninterest-bearing mix our deposit these forward. are a the stabilization XX%. eased trends, flat we have deposits in in been at pressures

pressures interest a to still investment stabilizing remain grew continue during the in quarter. which ease, factor will our Loans forecast. X.X% we pricing while net Importantly, they for expect margin held exist,

focus X.X%. ratio, year, allowed and our warehouse, some growth our earlier. expect could client be by quarter the mentioned of loan the anticipate warehouse. was with loans single Notably, process pressure from year, could ex by last the growth process selection, we continued this matching. low deposit mortgage digits client now relief to Lance selection which growth was in We XX.X% loan-to-deposit Jim declined in half back our for XX.X% Excluding to on and declined add some This driven essentially to strategic slightly as the and

quarter the items. discussed on reversal impacted relationships during by basis with to Moving margin $X.X X of activity X.XX%. earlier. Net to statement points interest the million was income associated however, -- declined Drake interest

X.XX%, impact reversal, our guidance been with would up to of interest in line margin flat interest net slightly. the Excluding have this and of

basis we for asset to point benefits. repricing Fed Moving a We of low interest XX net to using a on should this X-deposit enough are back our as even quarterly primarily these interest-bearing the base, cuts, believe non-indexed expansion mid-single-digit margin to beta XXX anticipate assuming rate half X.X% in be due forward, set to year offset X benefits deposits.

with $XX.X noninterest a an business in income, $X.X an can a Fed of an we environment we the $XX.X write-up in the our to still the in NIM quarter the of X% full our the declined longer-term Shifting easing, net an both at from cycle a and sale $XX.X on included noninterest seasonality exceeded over and businesses these anticipating reported million notable gain mortgage our The where branch half the the $X,XXX million of is target mortgage above in a though As the X.X%. debt. $XX,XXX we are to reminder, QX. we in on million benefit notable due gain year. expect investment, $XXX,XXX in run expectations, QX seasonality business. Adjusting repurchase insurance items million insurance of Notably, in to of the benefit segment normal sub and second for QX, the items income from normal

Our million the noninterest million by earlier. QX to was expense discussed increased from quarter million in $X.X activity due though $XX.X QX, the $XX.X impacted in to

the in due have associated compared accounting-related likely expense we activity legal So growth In mid-single-digit primarily services of range associated remain year, expense discussed. far and to elevated elevated, XXXX. we anticipate to half expense the Drake now QX to the this guided professional with back this levels expenses with year, similar for

XXXX expense of the end our such, the single-digit high expected is low As now at range.

highlighted However, we anticipating fees, the excluding items mid-single-digit and would still these growth. notable professional elevated be

presentation, both capitalized. ratio TCE in Lastly, X.X%, and holding our levels Slide of of remain from regulatory up our on Furthermore, all shown well XX QX at as X.X% levels bank capital turning to our that at capital. above considered company the We note QX. ended

Drake. As such, any I'll have capital shareholders. the we to to remain advantage drive confident value that turn opportunities flexibility future deployment of potential now for back we to With take it our that,

Drake Mills

company. profitable talked building a focus often our about on I've long-term relentless

We up ensure desirable of to a our in just every are for work shared there We day team, work prepared strongly feel but a in, what's current what environment to to in on to invest And I company call. know most you are desirable Thank come. the we challenges, and we company most to that something markets to that proud have on commitment are elements capitalize Lance being built, opportunities. this deep strategic are a not to we've but that plan. for position questions. decades for for the term on of the management be special and briefly and we We'll open the build dynamic for culture near strong ahead. for a touched to We

Operator

generate. here will allow to question-and-answer pause briefly conduct Thank gentlemen, [Operator you, We'll team. Ladies to we this time, questions Instructions]. the any session. and at

Our at first Matt Stephens from comes Inc. question

open. You line is

Matt Olney

Hey, start... want question. great. Thanks for to I taking my

Drake Mills

Hey.

Matt Olney

I point that based there the the, on to I you on earlier. results, guess ultimately, guess, the activity in made on release Drake want we was I see be I complete that some sure you you expect see EPS. activity you bank $X.XX a a to think point material no this color. was suspicious the It could sounds make understand you loss all and Can impact these once mentioned clarify is want because that there losses? claim could morning. the could the more these that you that like to if and to XQ disclosed press the there's start Good insurance just filed I investigation of be that believe potential mentioned offset of just -- to to

Drake Mills

analyst have first activity. this because we've an it's balance controls read and Matt, credit and been truly, we've manage the of this looks through we And like because it's type for look, us tough grower, of when been not our issue. a organic I how blessed years, a it to

that And so we you we But incident, you because pay. this have And solve credit. that's to ability really really this nonperforming but basically that was issues, during certainly this which with dispute obviously, dispute, dealing is have and a to mature. to as are for that people an capacity triggered, which of uncover and this the the good at you loans time, dispute strong companies, issue through the unfortunate as account diligently have working go the

be I it's in that straight I don't position. losses, be this losses, of very immaterial dispute I to -- this matter this going understand credit in credit impact able have situation, that right issue. quality that people can the the and our I the isn't to it's if a So in this look this, and truly a the -- issue are to it's as our an point, limits that at this going aren't that institution. This At a overall managing, where this internal to haven't into we that we went that event. think of at credit financial that feel event. as way we're because insured, we're just a look involved we of And confident up resolve

Matt Olney

the employee Okay. dollar are no from guess, Appreciate from the as Can former agreed portfolio And the following loans maybe Drake. I these the amount of And just up also color, dollar customers referenced. loans then, was the paying upon? of amount that that of you there. longer disclose

Drake Mills

we're I bit took I'm That's at the in dispute know what think today. point of and concerned this identified You and what about disclosing Matt, a that the But we because the we've of little position the the or of that of manage. portfolio impact percentage extent portfolio this of the that's of not this the the lot. the as the nonaccrual, a institution, individual piece and impact

feel identified this. So, have that we we

think and back it used the We diligent. that up. accountants. important. of go spent, have imagine, been caught fully and I'll extremely integrated We've the is controls I this Shortly We've 'XX. picked we have thereafter hours legal of them acquisition, the this numerous used end can our the And as forensic you year. Through since at outside beginning

control the we their So, issue, manage from operate a they integrated way through with as a with as and controls year BCH everything. we

pleased once our we that catch that control this. integrated So, did I'm

So, It's issues significant process. have we this isn't the control internally. issue integration an where just

So, nonaccrual, the question in the portfolio think that I into pretty went that to identified number of the what we've them, here. is because size not of much again the not the is renewing inability that's few pay,

Matt Olney

that. mean, And been some teams and more of just lenders focused from guess in growth, hiring banks markets. cases, the a taking I I mostly guess, IPO, for step Okay, has and larger the thanks on since back, Origin I metro hiring organic Drake,

I standpoint, the organic bank into done reading strategy From IPO. the just do more less towards strategic these are think that? and you've perhaps M&A? one a the since Or much drive towards events acquisition we too

Drake Mills

else. the This single to that for more Is in market this East from doing oh small were they material a to in I that a our is understand perspective, actually comfortable out Texas through and there diminish our Reading progress pleased and mean, out too we us, think made, I the to don't I growth, of bring Matt, But we're value in opportunities in being organic thing much is Southeast through And the awesome I This impact into issue? overall got were we be there. doing. banker and an going what investor's to of BTH single a an to for a to come? the this. with credit have it. things so have is the with want picture find everything partners. is expansion obviously, bounds size

go what but have of this from record are was a track So, there there I strong I'll track pristine. look institutions aspect quality to out the this institution regulatory understand that for, sets records. to X-year And think back us fully we up

So just put treatment quickly. ahead manage we're this or us of and go it. again, we'll through accounting single bank go do out pile pretty managing all a that unfortunately, single bounds, and market, makes it, And and into

Matt Olney

back. appreciate this color I and step the on Well, I'll Okay. topic,

Drake Mills

Matt. Reading you, Thank

Operator

Matt. you, Thank

Our comes next Raymond question from at James. Michael

Your is line open.

Michael Rose

for if Hey little I'm just of we'll the how I deposits have interest from about shift It the like, and mean Certainly, was good But the it sheet, a to construction the at basis. go-forward impact -- accrual margin balance next assume morning putting think this a rise. everything reversal but understand on my add together, mix costs the guys in I negative if average still looks taking ex back looking quarter. did bit you that category, for quarter. question. we I the the in then should continued margin interest reversal accrual on thank we

I you then mean, takes Thanks. have with can put to pieces all trying the through some the loan and bit of a Just had there? peak walk if a and quarter little us we this puts and yields slower flat. loan growth together. Just

Drake Mills

And into see we Lance But the going to Mike, that. picture this. about really dive Yes. I loan why think do to want It's I talk slower to of get into going to selection. about client Wally that I'm We're ask growth.

to being fits incident. utilized the I what this nothing to are understand extremely We and fit, to do what where think this resources without are important deposits. process with relationship, this has it's that unfortunate truly doesn't look what's at started

you go that. would into going to Wally, we're But please? So,

William Wallace

and impact been where higher. have Yes, X the XX was. biggest have points The It in would points. you yields points been loan impacted basis overall portfolio construction the that you basis by That would so that was NIM Michael, X yield mentioned higher, portfolio. basis did mention

on what the anticipation NIM we XXX we from of per in a in prepared year. points December in $X.XX repricing. includes the average. XXX that to billion half impact the are guidance I'll a that Fed quarter. digits and September of remarks higher about We've mid-single impact either. said fed mature that expect are got The reiterate I a cut expecting the as of about our reprice cut asset and back coming and XXX wouldn't of basis base, That really So, margin of expansion securities of in will loans benefits

seeing We costs. our are stabilization in deposit

And believe our mix see mid-single-digit where a in deposit noninterest-bearing been it is Our had thought was We X-beta that quarter the the pressure we'd saying guidance that continued flat. our assumes we essentially expansion now year. of back interest-bearing half today, could nonindexed per on deposits. around on also we stabilize Where XX%.

to if able be So our down deposit would costs a to in that's margin benefit starts we're bring cut, guidance. if that Fed considered not the

Michael Rose

Okay.

mid-single-digit I this. putting said all in you So margin? the that I'm increase But missed Wally, sorry, if together,

William Wallace

correct. Per quarter,

Michael Rose

Per quarter.

And helpful. very out. Drake, about called then you talked Okay, since selection. client it you mean I

like that loan of with kind talked higher year, on you'd growth maybe more think of maybe just deposits. be the think about much it focusing level of type about we a case, I profitable won't next as relationships but sounds

that, highlighted give then And If than be you you growth something Thanks. can some as just XX% on next year, rate that? color. that expand about think that last would quarter we do less would

Martin Hall

on the more for a exactly threshold, laser on $XX to Thanks now and right than we've simply the drive Lance. we've on the ways is this levers approached -- right. dive I focused mean as question. deep necessarily the to profile so growth. return ROA to through are focus pull we thinking No, enhancement billion got Yes, we you're do

built, be at that mean, And we so lot. are built it if company infrastructure about and a a we've you double-digit a talked the grower. look to I we've that's

seeing We almost Dallas-Fort a it growth, doing at Worth are that love a job very our being out we of yields where at especially the on loan getting look you this admirable deposit coming there, If to going star in Houston. beginning all a where of are be. our they in point they're we're in costs, is with the to Southeast. from line Very for They much understood the had Houston excited about very continues happening the us. what's They that be that market to self-funded. be in projections

puts focused to we're they smart for make look clients you But is and balanced also sure with leading start drag they're so to over look to to if looking we're And very when being comes loan I us, the our deposits CRE. it pipeline that now good. necessarily mean as a talked entire with we at credit us at ratio client profile. confused great don't looking take about with profile the opportunities from of care that in the XXX, When to a that CRE to get compared selection, We're position on strategic right arise. peers perspective. return that of

And look so build we the long limp critical is want that this what pushed forward. Strategically, And term quarter, you relationships in were profile that's we driver. treasury, I the ROA But is to past we if they grow deposit think have challenging or at to as the out over didn't an on we're credits. XX% core that trying everything to billion funding. that's don't a move more $XX focused market

about be want we so to that. smart And

opportunity clearly is dynamic ROA. very, in on time, be Texas. the grow and because we're the what's So driving to At focused of happening markets there very to trying same the

mixture to going a a bit perspective. from it's little that And so of be

simultaneously. year us like yes because So, I think enhance and growth we're for to that more would ROA it's trying margin loan next looks But digits. mid-single

Michael Rose

about year? on me. Very is will just I helpful. billion a think, $X.X I on assume Lance, end think one Thanks. that have I million, it hit just somewhere final bit one under flex for for know in to the Durbin $XX seems by is the -- warehouse growth that of you better if a should guys we out remain Is you And kind you expect like mean, the that about, I push the side year. And maybe Since you of about quarter. touched fourth ballpark the that of little we as guys. to just

Martin Hall

Yes.

-- time may Drake Wally and strategy this. profile. as below a and the and overdriving portfolios right. to at our while exactly strong outflows, that's we of think to not organically, the and not has we return the look we said in. think XX%. pipelines at think very It's do year, our I But our want I $XX same chance for we And jump But staying below rest of then think the billion what enhancing inflows have stay

William Wallace

just that Yes. the think add Michael, you would of on key. kind hit I I

if growth there expectations We're because bit below of can of our a warehouse are quick not we we But remain to a we just normal could get change in and that managing we stay expect XX%, under that cuts if Our start expectations. mortgage how outlook. based But is stay that on current would and rates Fed to that unknown billion seasonality drop that $XX get business build. refi-wave, that would under. we can growth business,

Michael Rose

my Thanks Perfect. taking for guys. question,

Drake Mills

Michael, thank you.

Operator

Thank you, Michael.

Our from Woody at is KBW. next question

is line open. Your

Wood Lay

good morning guys. Hey

Drake Mills

Good morning Woody.

Wood Lay

question on Yes, the follow-up activity one just first.

around potential timing Just any a expectation for there? resolution

Drake Mills

Not this at point.

now We when are remainder a we do like and right dispute be we've we're just best still very feel to identified this, say there's And feel to accounting, -- is and that effort. obviously, going our it's I a would I forensic completing the it. confident of I -- everything what pretty going our mean, put fence around

to And resolution. do, that going right of always our going thing. up We're all we the we're to hopefully, long than take a As resolution care a clients. quicker to do adds

Wood Lay

over provision. Got to it. Maybe the shifting

around specific points. provision would activity, the the reserve exclude about down imply you X basis it If question

of Just sort biggest lower were the what a reserve basis? that core drivers on behind

Jim Crotwell

Good morning you Woody, you this our when flat, was would look is reserve, if Jim. Really, basically, I at overall will. say, it

associated million because of that about those $XX covered the credits. there XX of we $X million in Lance with -- to price reserve selection we almost able credit, big One the exit was that drivers the talked were

those million up the freed of by about it reserve really So $X moving.

addition, million In associated about with trial $X.X there's the reserves charge-offs we took.

So it free up those well. as

the will, than reconciles, if $X virtually million, of less items, you notable you the less million, do than reserves. So it when math $X.X the

to previous consider it that So net as perspective very had. I I reserve be a And we we stable of event speaks it was again, well. this wouldn't that think release, that reserve not reserves more it, really from to accretive free couch but as

Wood Lay

Right.

those Okay. businesses? you trends That through and Could had makes just adjusting quarters insurance sense. seasonality. Maybe lastly strong you for really that both saw on when fees, walk both in the mortgage

William Wallace

pleased year. mean I than was back of for increased in we We're expectations our half we side, Yes. have the the volume that. expected. stronger the And by mortgage

However, we seasonality the mean, do a still expectations. business. our it be Insurance, expect us. there's market I for strong And it remains beats to in going quarter consistently after quarter, pretty

very both you would those insurance to the just point the in So pleased with of business. I we're segments. in strength

confident is is of year do the we than quarter revenue the the first But back regular the expect we half. in expected. remaining lowest. highest previously more quarter that the quarter, would due seasonality just had and usually fourth and in It to feel we The those usually continue. stronger businesses

Wood Lay

That's right. All taking for Thanks my me. for questions. all

Drake Mills

you. thank Woody,

Operator

are Thank no you it there Woody. appears questions. for Handing further additional to any remarks. Drake back It

Drake Mills

Yes, is the call. is working is this to quarter our there's what a I institution behind I opportunity everyone say maximize noise, for want know to back on to that This here go and to the you thank but scenes a could want time over to sit be reality I performer. being internally.

get I'm drive best is Southeast have easy material. position available momentum. best and But it's XXB get over numbers for the crossing after it the call. Like questions on for have We to what I situation not tremendous over how in this XXB to about we our up on we in are to focused the a momentum I be -- us, But is team. this make are all the always we We're this pumped I the people. company, manage to being us We're balance about in of sheet something the appreciate everyone have positive geographies, as call. overall, plans and in incredible company. that's we said, amount the things. for to pumped so doing ready think, that sure we're can the seeing, that cross of

look each forward we So with of Thank much. time appreciate to your you. you you visiting one for We very today.

Operator

Ladies and today's a and have day. Thank gentlemen, this concludes you, Evercall. great

Origin Bancorp (OBK) 25 Jul 242024 Q2 Earnings call transcript