Origin Bancorp (OBK) Q4 2025 earnings summary

Executive summary

• Achieved strong momentum entering 2026, driven by the Optimize Origin initiative, strategic investments in talent and technology, and a focus on disciplined, profitable growth.

• 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 yearly target.

• Net interest income reached a record $86.7 million, with NIM-FTE expanding to 3.73%, the highest since Q4 2022.

• 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 was $0.95; net income reached $29.5 million, with ROA at 1.19%, exceeding the 1%+ target.

• Net interest income rose 10.2% year-over-year to a record $86.7 million; revenue (excluding notable items) up 8.8%; non-interest expense (excluding notables) down 0.7%.

• 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; TCE ratio improved to 11.3%.

Outlook and guidance

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

• Expecting NIM in the 3.70%-3.80% range by Q4, with slight compression in Q1 due to timing of rate cuts.

• Anticipating net interest income and non-interest income growth in the mid to high single digits for the year.

• Expense outlook is for mid-single-digit growth, with a run rate ROA of at least 1.15% in Q4 and pre-tax, pre-provision ROA above 1.72%.

• Continued focus on the Optimize Origin initiative, emphasizing productivity, balance sheet optimization, and culture.