Latest news with #OBK
New Straits Times
16-05-2025
- New Straits Times
Couple held for selling over 800 protected birds in house of worship
KUALA LUMPUR: A husband and wife were found illegally keeping and selling more than 800 protected wild birds within a place of worship. The couple were arrested after they were caught selling Scaly-breasted Munias (locally known as Ciak Tempua) for RM25 each. Department of Wildlife and National Parks (Perhilitan) Peninsular Malaysia director-general Datuk Abdul Kadir Abu Hashim said the operation was uncovered through Operasi Bersepadu Khazanah (OBK), led by Perhilitan's Wildlife Crime Unit (WCU) with support from the General Operations Force of the Royal Malaysia Police (PDRM). The raid, led by WCU officer Celescoriano Razond, was conducted at a stall located within the compound of a house of worship in Petaling Jaya at 8.50am yesterday. "A local man in his 40s and his wife in her 50s, who were at the location, were detained and questioned. "Checks uncovered 854 Scaly-breasted Munias, which are classified as protected wildlife species in Malaysia. "Also seized were 10 dead birds. All the birds were kept in 16 metal cages of various sizes," he said. Kadir said the birds, estimated to be worth RM30,000, were seized and sent to the Sungai Tengi Wildlife Conservation Centre in Selangor for further action. "The suspects were detained for investigation before being released on police bail of RM10,000 with one surety," he added.
Yahoo
03-03-2025
- Business
- Yahoo
Origin Bancorp Full Year 2024 Earnings: Misses Expectations
Revenue: US$348.3m (up 2.1% from FY 2023). Net income: US$76.5m (down 8.7% from FY 2023). Profit margin: 22% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$2.46 (down from US$2.72 in FY 2023). Net interest margin (NIM): 3.22% (down from 3.23% in FY 2023). Non-performing loans: 0.99% (up from 0.39% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 2.1%. In the last 12 months, the only revenue segment was Community Banking contributing US$348.3m. The largest operating expense was General & Administrative costs, amounting to US$208.2m (77% of total expenses). Explore how OBK's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 2.3% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Origin Bancorp's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
27-01-2025
- Business
- Yahoo
Origin Bancorp Inc (OBK) Q4 2024 Earnings Call Highlights: Strategic Optimizations and ...
Return on Assets (ROA): Targeting a run rate of 1% or greater by Q4 2025, with an ultimate goal to be in the top quartile of peers. Earnings Improvement: Expected to improve by approximately $21 million annually on a pretax, pre-provision basis. Banking Center Closures: Announced the closing of 8 banking centers, resulting in an annual expense reduction of approximately $4.6 million. Expense Reduction: Additional annual expense reduction of approximately $6.7 million from production groups. Net Charge-Offs: Year-to-date net charge-offs at 0.18%. Provision Release: $5.5 million provision release for outstanding loans in Q4. Allowance for Credit Losses: Decreased from 1.21% to 1.20% of total loans held for investment. Diluted Earnings Per Share (EPS): Reported at $0.46 for Q4. Deposits: Down 3.1% during the quarter; excluding brokered, deposits grew 1.1% linked quarter. Net Interest Margin: Expanded 15 basis points to 3.33% in Q4. Non-Interest Income: Reported negative $330,000 in Q4, impacted by a $14.6 million loss on sale of securities. Non-Interest Expense: Increased to $65.4 million in Q4 from $62.5 million in Q3. Loan Growth Expectation: Mid- to high single-digit loan growth anticipated in 2025. Warning! GuruFocus has detected 5 Warning Sign with OBK. Release Date: January 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Origin Bancorp Inc (NYSE:OBK) has implemented a strategic plan called 'Optimize Origin' aimed at achieving sustainable, elite-level financial performance. The company expects strategic actions to drive an ROA run rate of 1% or greater by the fourth quarter of 2025. Origin Bancorp Inc (NYSE:OBK) has identified and is executing on $21 million in annual pretax, pre-provision earnings improvements. The company has successfully managed deposit costs and achieved core deposit growth, excluding brokered deposits. Origin Bancorp Inc (NYSE:OBK) is investing in its workforce and systems to enhance productivity and efficiency, including a detailed banker profitability report. Deposits were down 3.1% during the quarter, although excluding brokered deposits, there was a slight growth. Loans, excluding mortgage warehouse, decreased by 3.2% linked quarter, driven by strategic focus on client selection and elevated paydowns. Classified loans increased to 1.57% of loans, up from 1.35% in the previous quarter, indicating some credit quality concerns. Non-performing loans increased to 0.99% from 0.81%, reflecting challenges in loan performance. The company reported a net expense of $14.7 million during the quarter, impacting earnings per share by $0.37. Q: Can you elaborate on the expected loan growth for 2025 and the cautious approach in 2024? A: Drake Mills, Chairman and CEO, explained that the cautious approach in 2024 was due to the strategy to stay under $10 billion in assets, focusing on client selection and limiting CRE. For 2025, they are confident in returning to typical growth, focusing on C&I and owner-occupied CRE, expecting growth to accelerate in the latter half of the year. Q: Regarding the optimization plan, how do the components contribute to achieving a 1% ROA by Q4 2025? A: Drake Mills confirmed that the implementation of the five specific components of the optimization plan is expected to achieve a 1% ROA by Q4 2025. Additional initiatives like Argent and third-party benchmarking could further improve ROA beyond 1%. Q: What is the timing for realizing the $21 million annualized benefit from the optimization plan? A: William Wallace, CFO, detailed that benefits from branch consolidation and banker optimization will be fully realized by Q2 2025. Securities optimization and sub-debt redemption benefits will be seen in Q1 2025, with ongoing cash and liquidity management benefits. Q: How confident are you in deposit betas performing in line with historical trends, and what is the strategy for core deposit growth? A: William Wallace expressed confidence in deposit betas based on historical trends and recent performance. Lance Hall, President and CEO of Origin Bank, added that the incentive plan aligns banker behaviors with corporate goals, emphasizing deposit growth and market ROAs. Q: What are the plans for restructuring the mortgage business, and is exiting the warehouse business considered? A: Drake Mills stated that they love the warehouse business and plan slight growth in 2025. They are exploring more efficient ways to deliver mortgage products, acknowledging the need for change in response to market conditions. Q: With strong capital levels, is there a plan to use the buyback, and how does M&A fit into future strategies? A: Drake Mills indicated that capital is viewed as a runway for growth, focusing on organic growth and potential M&A opportunities. The buyback is a tool, but the priority is on strategic growth and preparing for crossing the $10 billion asset mark. Q: Is there an opportunity for team lift-outs in 2025, and is this included in the expense guidance? A: Drake Mills confirmed significant hiring opportunities, particularly for C&I teams that fit their culture. These are not included in the current expense guidance but are seen as a key growth strategy. Q: How will reaching over 20% ownership in Argent Financial impact accounting and income statements? A: William Wallace explained that surpassing 20% ownership would trigger equity method accounting, reflecting their share of Argent's earnings, partially offsetting the Durbin Amendment impact expected in 2026. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
