Origin Bancorp, Inc. (OBNK) Q1 2022 Results Earnings Conference Call May 2, 2022 9:00 AM ET
Company Participants
Chris Reigelman - Head of Investor Relations
Drake Mills - Chairman, President and Chief Executive Officer
Lance Hall - President and Chief Executive Officer, Origin Bank
Jim Crotwell - Chief Risk Officer
Stephen Brolly - Chief Financial Officer
Conference Call Participants
Matt Olney - Stephens, Inc.
Kevin Fitzsimmons - D.A. Davidson Companies
Operator
Good morning and welcome to the Origin Bancorp Inc. First Quarter 2022 Earnings Conference Call. Please note this event is being recorded. I would now like to turn the conference over to Chris Reigelman, Head of Investor Relations. Please go ahead.
Chris Reigelman
Good morning. And thank you for joining us today. We issued our earnings press release yesterday afternoon, a copy of which is available on our website, along with a slide presentation that we will refer to during this presentation.
Please refer to slide 2 of our slide presentation which includes our Safe Harbor statements regarding forward-looking statements and use of non-GAAP financial measures. For those joining by phone, please note the slide presentation is available on our website at www.origin.bank. Please also note that our Safe Harbor statements are available on page six of our earnings press release filed with the SEC yesterday. All comments made during today's call are subject to the Safe Harbor statement in our slide presentation and earnings release.
I'm joined this morning by Origin Bancorp's Chairman, President and CEO, Drake Mills; our Chief Financial Officer, Steve Brolly; President and CEO of Origin Bank, Lance Hall; our Chief Risk Officer, Jim Crotwell; and our Chief Credit and Banking Officer, Preston Moore.
After the presentation, we'll be happy to address any questions you may have. Now, I'll turn the call over to you, Drake.
Drake Mills
Thank you, Chris. And good morning. Looking at the start of 2022 and how we are positioned moving forward, I am pleased with the fundamentals of our core business. Despite the external factors that are affecting the broader economy, I am proud of how we performed in the first quarter and how our teams drove significant growth by adding long term relationships. This continued organic growth reflects our strategy and focus on building value to our clients.
Total loans held for investment excluding PPP and mortgage warehouse were $4.66 billion, which is a 3.6% increase compared to last quarter and a 14.5% increase on an annualized basis and puts us in a great position to meet our expectations.