Origin Bancorp (OBK) investor relations material

Executive summary

• Achieved record net income of $33.8 million ($1.09 diluted EPS) in Q2 2026, up 22.2% from Q1, with strong performance across NIM, ROAA, ROAE, and book value per share, reflecting disciplined execution and the Optimize Origin strategy.

• Net interest margin (NIM-FTE) rose to 3.92%, a 21 bps increase sequentially, and net interest income grew by $5.0 million quarter-over-quarter to $92.2 million.

• Strategic hiring and expansion into new markets, notably Birmingham, and the addition of 27 experienced bankers year-to-date fueled growth in Texas and Southeast regions.

• Investments in technology, AI, and data are enhancing productivity and scalability, while maintaining a strong, engaged culture.

• Quarterly dividend increased by 67% to $0.25 per share, reflecting balance sheet strength.

Financial highlights

• Total loans held for investment grew 2.7% sequentially to $8.07 billion; total deposits were $8.70 billion.

• Noninterest-bearing deposits up 9.6% sequentially, now 26% of total deposits.

• Noninterest income was $15.4 million, down from Q1 due to seasonality in insurance; noninterest expense rose to $64.4 million.

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

• Tangible book value per share increased to $36.37; book value per share at $41.52.

Outlook and guidance

• Targeting mid to high single-digit loan and deposit growth for the year, tracking toward the higher end.

• Net interest income expected to grow in the high single digits for the full year and Q4 over Q4.

• Maintaining run rate ROAA expectation of at least 1.15% in Q4 2026; PTPP ROAA above 1.72%.

• NIM guidance for Q4 2026 is 3.90% +/- 5 bps; tax rate guidance at ~21.5%.

• Expecting some pricing and NIM pressures in 2027 but focused on achieving top quartile performance within three years.