Origin Bancorp (OBK) investor relations material

Executive summary

• Net income for Q4 2025 was $29.5 million ($0.95 diluted EPS), up 242.3% from Q3 2025, with annualized ROAA at 1.19%, exceeding the target.

• Entering 2026 with strong momentum, optimism, and a focus on disciplined, profitable growth driven by the Optimize Origin initiative.

• Strategic investments in talent and technology, capitalizing on market disruption from M&A activity, and readiness to surpass $10 billion in assets.

• Book value per share rose to $40.28, up 2.7% sequentially and 9.7% year-over-year; tangible book value per share increased 3.2% sequentially and 11.7% year-over-year.

• 49,358 shares repurchased in Q4 2025 at $38.77 average; 451,005 shares repurchased in 2025 at $35.05 average.

Financial highlights

• Q4 diluted EPS of $0.95 and net income of $29.5 million, with ROA at 1.19%, exceeding the 1%+ target.

• Net interest income reached a record $86.7 million in Q4 2025, up 3.6% sequentially and 10.2% year-over-year; NIM-FTE expanded to 3.73%, the highest since Q4 2022.

• Total loans held for investment at $7.67 billion, up 1.8% from Q3 2025; total deposits at $8.31 billion, relatively flat sequentially.

• Loan origination increased $500 million (37% year-over-year); loan and swap fees up 57%.

• Tangible book value grew to $35.04, marking 13 consecutive quarters of growth; TCE ratio at 11.3%.

Outlook and guidance

• Targeting mid to high single-digit loan and deposit growth for 2026, with loan growth weighted to the second half.

• Net interest margin expected to remain around 3.75% +/- 5 bps, compress slightly in Q1, then rebound to 3.70%-3.80% by Q4.

• Full-year net interest income and non-interest income both expected to grow mid to high single digits.

• Expense growth projected in the mid-single digits, with a run rate ROA of at least 1.15% in Q4 and pre-tax, pre-provision ROA above 1.72%.

• $10 million allocated for new banker hires in 2026, with additional hiring possible as opportunities arise.