Origin Bancorp (OBK) investor relations material

Executive summary

• Net income for Q2 2026 was $33.8 million ($1.09 diluted EPS), up 22.2% from Q1 2026 and 131.1% year-over-year, with record NIM and ROAA, reflecting disciplined execution and the Optimize Origin strategy.

• Net interest income rose to $92.2 million, up 12.3% year-over-year and 5.7% sequentially, driven by higher loan balances and improved yields.

• Noninterest income was $15.4 million, with year-over-year growth driven by securities gains and reduced equity method losses, though sequentially down due to lower insurance commissions.

• Noninterest expense increased to $64.4 million, mainly from higher salaries, professional services, and marketing.

• Strategic focus on productivity, balance sheet optimization, and culture, with top 10% global employee engagement scores.

Financial highlights

• Total loans held for investment grew 2.7% sequentially to $8.07 billion; total deposits were $8.70 billion, up 4.8% since year-end.

• Net interest margin (NIM-FTE) improved to 3.92%, up 21 bps sequentially and 31 bps year-over-year.

• Efficiency ratio improved to 59.87% from 61.32% in Q1 2026.

• Allowance for loan credit losses to total loans held for investment was 1.22%; ALCL to nonperforming LHFI was 125.05%.

• Net charge-offs for Q2 2026 were $454,000, annualized charge-off rate of 0.02%.

Outlook and guidance

• Management targets a near-term ROAA run rate of 1.15% or higher by Q4 2026, aiming for top quartile performance.

• Projecting mid to high single-digit year-over-year growth in loans and deposits, with NIM guidance for Q4 2026 at 3.90% +/- 5 bps.

• Non-interest income growth outlook adjusted to low to mid-single digits for the year.

• Expense growth expected in the mid-single digits, with tax rate guidance at ~21.5%.

• Positioned to reach top quartile performance within three years, despite anticipated pricing and NIM pressures in 2027.