Oregon Bancorp (ORBN) investor relations material

Executive summary

• Net income for Q1 2026 was $2.4 million, or $0.33 per diluted share, down from $2.7 million ($0.37 per share) in Q4 2025.

• Sixth consecutive quarter of net interest margin expansion, reaching 4.13% in Q1 2026.

• Quarterly deposit growth of $7.3 million, despite retiring $10 million in brokered deposits.

• Announced CEO Ron Green's pending retirement, with Amber White named as successor.

• Recognized as one of Oregon's 100 Best Companies to work for.

Financial highlights

• Net interest income was $7.96 million, up slightly from $7.93 million in Q4 2025 and $6.79 million in Q1 2025.

• Total assets at March 31, 2026 were $821.3 million, up from $812.2 million at December 31, 2025.

• Noninterest income fell to $2.1 million, a $221 thousand decrease from the prior quarter, mainly due to lower trust fee income.

• Noninterest expense increased to $6.8 million, up $471 thousand from Q4 2025, driven by higher salaries, benefits, and outside services.

• Return on average assets was 1.18%; return on average equity was 12.65%.

Outlook and guidance

• Management expects continued growth in trust services and noninterest income throughout 2026.

• Most of the benefit from retiring high-cost brokered CDs will be realized in Q2 2026.

• Forward-looking statements caution about risks and uncertainties affecting future results.