Origin Bancorp, Inc.

Listed Company

OBKCIK 0001516912NYSELarge AcceleratedState Commercial BanksLouisianaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$75.20M

Total Assets

—

Equity

—

Shares Out

30.90M

Op. Cash Flow

$158.92M

Business

Origin Bancorp, Inc. is a financial holding company that provides relationship-driven banking and financial services through its wholly owned bank subsidiary, Origin Bank. It offers a broad range of products and services including commercial and consumer lending, deposit accounts, treasury and cash management, mortgage origination and mortgage banking, insurance products through its agency, and digital and mobile banking solutions. The company principally operates in the community banking segment and also conducts mortgage banking and insurance agency activities as affiliated businesses. It distributes services via a network of branch locations, relationship bankers, and digital channels across markets in Texas, Louisiana, Mississippi, South Alabama and the Florida Panhandle.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	478	517	467	286	219
Investment securities-taxable	34	27	32	28	15
Investment securities-nontaxable	5	4	5	7	6
Interest and dividend income on assets held in other financial institutions	21	17	20	5	2
Total interest and dividend income	538	565	523	327	242
Interest-bearing deposits	199	255	196	34	13
FHLB advances and other borrowings	2	2	17	9	5
Subordinated indebtedness	6	8	10	8	7
Total interest expense	207	264	224	51	—
Net interest income	331	300	300	275	216
Provision for credit losses	46	7	17	25	−11
Net interest income after provision for credit losses	285	293	283	251	227
Other fee income	10	9	8	7	3
Mortgage banking revenue	4	7	3	7	13
Swap fee income	3	323,000	1	457,000	814,000
Loss on sales of securities, net	−14	−15	−12	2	2
Change in fair value of equity investments	7	5	10	0	19,000
Equity method investment (loss) income	−1	519,000	405,000	−199,000	6
Other income	5	3	3	614,000	10
Total noninterest income	60	55	58	57	62
Salaries and employee benefits	151	149	139	119	93
Occupancy and equipment, net	30	28	27	20	17
Data processing	14	13	12	10	9
Office and operations	13	11	11	8	6
Intangible asset amortization	7	8	10	6	844,000
Regulatory assessments	6	7	6	4	3
Advertising and marketing	6	6	6	4	3
Professional services	7	7	6	4	4
Electronic banking	6	5	5	4	4
Loan-related expense	3	3	5	6	8
Bank share tax expense	3	3	3	—	—
Other expense	6	11	6	6	5
Total noninterest expense	249	251	235	200	157
Income before income tax expense	96	97	106	107	132
Income tax expense	20	21	22	20	24
Net income	75	76	84	88	109
Basic earnings per common share (in dollars per share)	2.42	2.46	2.72	3.29	4.63
Diluted earnings per common share (in dollars per share)	2.4	2.45	2.71	3.28	4.6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-07-31
Cash and due from banks	73	133	127	150	—
Interest-earning deposits in banks	351	337	153	209	—
Total cash and cash equivalents	424	470	280	359	—
Available for sale	1,117	1,103	1,254	1,641	—
Held to maturity, net of allowance for credit losses of $41 and $50 at December 31, 2025, and December 31, 2024, respectively (fair value of $9,607 and $10,456 at December 31, 2025, and December 31, 2024, respectively)	11	11	12	11	—
Securities carried at fair value through income	6	7	7	6	—
Total securities	1,134	1,120	1,272	1,659	—
Non-marketable equity securities held in other financial institutions	31	72	55	67	—
Equity method investments	68	19	—	—	—
Loans held for sale (at fair value at December 31, 2024)	1	10	17	50	—
Loans, net of allowance for credit losses of $96,782 and $91,060 at December 31, 2025, and December 31, 2024, respectively	7,574	7,483	7,564	7,003	6,770
Premises and equipment, net	124	127	119	—	—
Cash surrender value of bank-owned life insurance	42	41	40	39	—
Goodwill	129	129	129	129	—
Other intangible assets, net	33	37	45	50	—
Accrued interest receivable and other assets	165	171	185	209	—
Total assets	9,725	9,679	9,723	9,686	9,840
Noninterest-bearing deposits	1,980	1,901	1,920	2,482	—
Interest-bearing deposits	5,498	5,301	4,919	4,506	—
Time deposits	829	1,021	1,413	787	—
Total deposits	8,307	8,223	8,251	7,776	7,990
Federal Home Loan Bank (FHLB) advances, repurchase agreements and other borrowings	19	12	84	639	—
Subordinated indebtedness, net	17	160	194	202	—
Accrued expenses and other liabilities	135	138	131	119	—
Total liabilities	8,478	8,533	8,660	8,736	—
Commitments and contingencies - See Note 19 Commitments and Contingencies	0	0	0	0	—
Preferred stock, no par value, 2,000,000 shares authorized	0	0	0	0	—
Common stock ($5.00 par value; 50,000,000 shares authorized; 30,952,428 and 31,197,574 shares issued at December 31, 2025, and December 31, 2024, respectively)	155	156	155	154	—
Additional paid-in capital	534	537	529	521	—
Retained earnings	613	558	500	435	—
Accumulated other comprehensive loss	−54	−106	−121	−160	—
Total stockholders equity	1,247	1,145	1,063	950	—
Total liabilities and stockholders equity	9,725	9,679	9,723	9,686	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	17	17	18	12	7
Net amortization on securities	1	5	7	9	8
Amortization (accretion) of net premium/discount on purchased loans	91,000	−2,000	−2	−3	0
Amortization of investments in tax credit funds	1	2	2	2	2
Deferred income tax (benefit) expense	−5	−1	28	18	6
Stock-based compensation expense	8	7	5	3	2
Originations of mortgage loans held for sale	−149	−198	−187	−259	−478
Proceeds from mortgage loans held for sale	158	185	158	265	543
Gain on mortgage loans held for sale (including origination of MSR for the year ended December 31, 2023)	−4	−5	−4	−7	−17
MSR asset valuation adjustment	0	−450,000	4	−1	3
Gain on sale of MSR asset	0	−410,000	0	0	—
Net (gain) loss on disposals of premises and equipment	−85,000	−878,000	2,000	−19,000	82,000
Increase in the cash surrender value of life insurance	−1	−935,000	−865,000	−688,000	−810,000
Employee Retention Credit received	2	0	0	—	—
Net loss (gain) on sales and write-downs of other real estate owned	796,000	−67,000	−66,000	194,000	103,000
Net change in operating leases	876,000	2	−770,000	−3,000	124,000
Increase in other assets	−7	−555,000	−6	−2	2
Increase in other liabilities	5	5	7	−1	5
Net cash provided by operating activities	159	108	130	146	171
Purchases of securities available for sale	−835	−247	−11	−558	−717
Maturities and pay downs of securities available for sale	622	167	138	165	147
Proceeds from sales and calls of securities available for sale	249	231	291	488	45
Maturities, pay downs and calls of securities held to maturity	534,000	522,000	486,000	18	15
Pay downs of securities carried at fair value	315,000	299,000	285,000	275,000	3
Redemption of non-marketable equity securities held in other financial institutions	12	11	0	0	—
Purchase of non-marketable equity securities held in other financial institutions	−12	−21	0	0	—
Net (purchases) redemptions of non-marketable equity securities held in other financial institutions	−615,000	−11	24	−16	—
Originations of mortgage warehouse loans	−10,246	−9,706	−6,470	−9,126	−16,121
Proceeds from pay-offs of mortgage warehouse loans	10,066	9,686	6,425	9,469	16,578
Net decrease (increase) in loans, excluding mortgage warehouse and loans held for sale	42	107	−500	−950	55
Purchase of other intangibles	−3	0	0	—	—
Proceeds from sale of the MSR asset	0	16	0	0	—
Proceeds from bank-owned life insurance	250,000	0	0	0	11,000
Return of capital and other distributions from equity method investments	595,000	1	2	7	0
Return of capital and other distributions from cost method investments	57,000	0	0	—	—
Capital calls on limited partnership investments	−4	−1	−3	−4	−225,000
Purchase of low-income housing tax credit investments	−927,000	−664,000	−572,000	−4	−1
Purchases of premises and equipment	−8	−22	−27	−8	−5
Proceeds from sales of premises and equipment	125,000	6	49,000	0	18,000
Proceeds from sales of other real estate owned	3	4	93,000	997,000	4
Purchase of equity method investment	0	−800,000	0	0	—
Proceeds from termination of cash flow hedge	0	680,000	0	0	—
Net cash (used in) provided by investing activities	−114	232	−130	−456	13
Net increase (decrease) in deposits	84	−28	475	−361	819
Repayments of long-term FHLB advances	−285,000	−275,000	−266,000	−250	−14
Proceeds from short-term FHLB advances	1,440	1,685	6,065	10,025	5,726
Repayments of short-term FHLB advances	−1,440	−1,755	−6,545	−9,475	−6,376
Maturities of subordinated indebtedness	0	0	−3	0	0
Redemption/Repurchase of subordinated indebtedness	−148	−35	−5	0	0
Repayments of other short-term borrowings	−117	0	−30	0	—
Proceeds from other short-term borrowings	117	0	0	30	0
Net increase (decrease) in securities sold under agreements to repurchase	7	−863,000	−21	8	1
Dividends paid	−19	−19	−19	−16	−12
Cash received from exercise of stock options	954,000	2	3	3	146,000
Common stock repurchased	−16	0	0	0	−1
Net cash used in financing activities	−91	−151	−78	−36	144
Net (decrease) increase in cash and cash equivalents	−46	190	−79	−347	328
Interest paid	212	268	215	50	26
Income taxes paid, total	34	24	383,000	−6	21
Federal	32	—	—	—	—
State	2	—	—	—	—
Unsettled liability for investment purchases recorded at trade date	0	−5,000	0	751,000	8
Real estate acquired in settlement of loans	1	4	3	—	—
Real estate transferred from fixed assets to other real estate owned	0	894,000	0	675,000	4
Transfers from other real estate owned to other assets	194,000	0	0	0	—
Transfers from loans held for sale to loans held for investment	213,000	19	0	0	—
Decrease in Government National Mortgage Association repurchase obligation	0	0	−25	−19	−12
Transfer from non-marketable securities held in other financial institutions to equity method investments	42	0	0	—	—
Recognition of operating right-of-use assets	5	11	21	13	6
Recognition of operating lease liabilities	5	13	21	14	6
Impairment of right-of-use assets due to branch closures	−332,000	0	0	—	—

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