Origin Bancorp (OBK) investor relations material

Executive summary

• Net income for Q1 2026 was $27.7 million, up 23.6% year-over-year, with diluted EPS of $0.89 and annualized ROAA of 1.11%.

• Net interest income reached a record $87.2 million, up 11.2% year-over-year and 0.6% sequentially, with total assets at $10.19 billion and deposits at $8.76 billion.

• The Optimize Origin initiative continues to drive operational consistency, productivity, and technology investment.

• Dividend increased 67% to $0.25 per share in April 2026, and 165,500 shares were repurchased for $6.8 million in Q1.

• Texas and the Southeast remain primary growth markets, with Texas representing 71% of loans and 53% of deposits.

Financial highlights

• Diluted EPS was $0.89, down from $0.95 in Q4 2025; pre-tax, pre-provision earnings were $40.8 million.

• Loans grew 2.5% sequentially to $7.86 billion; deposits rose 5.4% to $8.76 billion.

• Net interest margin (NIM-FTE) was 3.71%, down 2 bps sequentially but up 27 bps year-over-year.

• Noninterest income was $16.8 million, up 7.6% year-over-year, mainly from higher insurance commission and fee income.

• Noninterest expense rose to $63.8 million, with higher professional services and data processing costs.

Outlook and guidance

• Targeting mid to high single-digit loan and deposit growth for 2026, with NIM expected around 3.7%-3.8% and ROAA run rate of at least 1.15% by Q4 2026.

• Net interest income and noninterest income are expected to grow mid to high single digits for the year.

• Guidance assumes two 25-bp Fed rate cuts in 2026; absence of cuts would modestly boost NIM.

• Focus remains on organic growth, productivity, and balance sheet optimization.