Origin Bancorp, Inc.OBK

Origin Bancorp, Inc. Earnings Per Share Disclosure

10-KFiled Feb 25, 20261 min read
Note 2 — Earnings Per Share
Basic and diluted earnings per common share are calculated using the treasury method. Under the treasury method, basic earnings per share is calculated as net income divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the dilutive effect of additional potential common shares issuable under the Company’s stock and incentive compensation plans. Information regarding the Company’s basic and diluted earnings per common share is presented in the following table:
(Dollars in thousands, except per share amounts)Years Ended December 31,
Numerator:202520242023
Net income$75,197 $76,492 $83,800 
Denominator:
Weighted average common shares outstanding31,135,865 31,077,767 30,822,993 
Dilutive effect of stock-based awards197,598 124,096 108,612 
Weighted average diluted common shares outstanding31,333,463 31,201,863 30,931,605 
Basic earnings per common share$2.42 $2.46 $2.72 
Diluted earnings per common share2.40 2.45 2.71 
There were 83,454, 322,628 and 442,909 weighted average shares of anti-dilutive stock-based awards excluded from the calculation of earnings per share for the year ended December 31, 2025, 2024 and 2023, respectively, primarily due to the exercise price, grant date fair value or purchase price of the stock awards exceeding the average market price of the Company’s stock during the respective periods.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 27, 2025
2023Feb 28, 2024
2022Feb 22, 2023
2021Feb 23, 2022
2020Mar 2, 2021
2019Feb 28, 2020
2018Feb 28, 2019

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesFair ValuePP&EGoodwill & IntangiblesLeasesDebtCommitmentsStock CompensationNew StandardsPay vs Performance