Origin Bancorp, Inc. Reports Earnings For Third Quarter 2026

Profitability improved and the quarterly dividend increased, while early loan delinquencies and credit-loss provisions rose.

Rhea-AI Summary

Origin Bancorp (OBK) reported third-quarter 2026 net income of $37.8 million, with earnings rising from the previous quarter. Diluted earnings per share reached $1.22, versus $1.09 in the second quarter, when net income was $33.8 million. Net interest income rose 3.2% to $95.1 million, and fully tax-equivalent net interest margin widened two basis points to 3.94%. Noninterest income increased 17.5% to $18.1 million, while noninterest expense fell 3.0% to $62.5 million.

Loans held for investment totaled $8.09 billion, up 0.3% from June 30. Nonperforming loans declined 7.7%, but loans 30–89 days past due rose 98.1%, and credit-loss provisions increased to $2.606 million from $65,000. Deposits fell 0.3%, and borrowings declined 88.8%. In October, the board increased the quarterly dividend 12% to $0.28 per share. Origin also repurchased 272,927 shares during the quarter.

22 points · 0 major

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Positive

• Moderate pointNet income reached $37.8 million in Q3 2026, up 11.6% from the linked quarter.
• Moderate pointNon-GAAP pre-tax, pre-provision earnings increased to $50.7 million from $43.2 million in Q2 2026.
• Moderate pointNet interest income increased 3.2% to $95.1 million from Q2 2026.
• Moderate pointAnnualized return on average assets reached 1.47% in Q3 2026, up 12 basis points quarterly.
• Moderate pointNoninterest expense declined 3.0% to $62.5 million from Q2 2026.
• Moderate pointLoans excluding mortgage warehouse lines increased 2.3% to $7.65 billion from June 30, 2026.
• Moderate pointNonperforming loans declined 7.7% to $72.461 million from June 30, 2026.
• Moderate pointAverage deposits increased 2.6% to $8.685 billion from Q2 2026.
• Moderate pointBorrowings declined 88.8% to $15.377 million from June 30, 2026.
• Moderate pointQuarterly dividend increased 12% from $0.25 to $0.28 per share with October board approval.

12 minor points

• Minor pointDiluted earnings per share rose to $1.22 in Q3 2026 from $1.09 in Q2.
• Minor pointFully tax-equivalent net interest margin reached 3.94%, up two basis points quarterly and 29 basis points yearly.
• Minor point. Forward-looking: it has not happened yet and may not happen.Origin targets a return-on-average-assets run rate of 1.15% or higher by Q4 2026.
• Minor pointNoninterest income rose 17.5% to $18.1 million from Q2 2026.
• Minor pointArgent investment income increased to $1.840 million from $668,000 in Q2 2026.
• Minor pointLimited partnership investment loss narrowed to $781,000 from $1.280 million in Q2 2026.
• Minor pointInsurance commission and fee income increased $452,000 from Q2 2026.
• Minor pointTotal loans held for investment increased 0.3% to $8.09 billion from June 30, 2026.
• Minor pointNonperforming assets declined 5.3% to $75.102 million from June 30, 2026.
• Minor pointLoan-loss allowance coverage of nonperforming loans rose to 135.77% from 125.05% at June 30, 2026.
• Minor pointShare repurchases totaled 272,927 shares in Q3 at $54.21 average cost, including commissions and applicable excise taxes.
• Minor pointRemaining share repurchase authorization totaled $106.8 million at September 30, 2026.

Negative

• Moderate pointCredit-loss provision increased to $2.606 million in Q3 2026 from $65,000 in Q2.
• Moderate pointLoans 30–89 days past due rose 98.1% to $10.308 million from June 30, 2026.
• Moderate pointNet charge-offs increased to $2.661 million in Q3 2026 from $454,000 in Q2.
• Minor pointSix nonperforming loan relationships totaling $2.2 million transferred to other real estate owned during Q3 2026.
• Minor pointInterest expense increased $1.4 million from Q2 2026, partly offsetting higher interest income.

4 minor points

• Minor pointInterest-earning asset yield was 5.76%, up two basis points quarterly but down 13 basis points yearly.
• Minor pointInterest-bearing liability cost was 2.70%, up three basis points quarterly but down 52 basis points yearly.
• Minor pointQuarter-end deposits declined 0.3% to $8.673 billion from June 30, 2026.
• Minor pointShareholders’ equity declined 1.4% to $1.264 billion from June 30, 2026.

News Explained

Reserve releases tied to improved credit migration partly offset reserves for new production and higher charge-offs, while the provision increased.

In its completed quarter ended September 30, 2026, Origin reported total loans held for investment up $20.6 million (0.3%) from June 30, 2026; excluding mortgage warehouse lines, loans rose $170.6 million (2.3%), while those lines fell $150.0 million (25.4%).

This means the near-flat total reflected growth outside mortgage warehouse lending being largely offset by contraction in that line.

Two contributors to the quarter's improved results were a $1.7 million increase in equity-method investment income and a $2.2 million release of litigation-related contingency reserves, partly offset by an $883,000 charge.

The provision for credit losses rose to $2.6 million from $65,000; the company attributed the increase primarily to new loan production and higher net charge-offs, partly offset by improved credit migration, including $5.2 million in related reserve releases.

Key Figures

Net income: $37.8 million vs. $33.8 million Diluted EPS: $1.22 vs. $1.09 PTPP earnings: $50.7 million vs. $43.2 million +4 more

Net income

$37.8 million vs. $33.8 million

Quarter ended September 30, 2026 vs. linked quarter

Diluted EPS

$1.22 vs. $1.09

Quarter ended September 30, 2026 vs. linked quarter

PTPP earnings

$50.7 million vs. $43.2 million

Quarter ended September 30, 2026 vs. linked quarter; non-GAAP measure

NIM-FTE

3.94%, up 2 basis points

Quarter ended September 30, 2026 vs. linked quarter

Annualized ROAA

1.47%, up 12 basis points

Quarter ended September 30, 2026 vs. linked quarter

Provision for credit losses

$2.6 million vs. $65,000

Quarter ended September 30, 2026 vs. linked quarter

Quarterly dividend

$0.28 per share, increased from $0.25

Increase approved by the board in October 2026

Historical Context

1 past event · Latest: Jul 22

1 event

1. Jul 22

   2Q26 earnings

   24h Move

   +1.8%

   Reported 2Q26 net income of $33.8 million and diluted EPS of $1.09.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

eps, pre-tax, pre-provision, roaa, alcl

4 terms

eps financial

"$1.22 diluted earnings per share (“EPS”)"

Earnings per share (EPS) measures how much profit a company makes for each outstanding share of its stock by dividing the company’s profit after expenses by the number of shares. It matters to investors because it shows how much of the company’s “pie” each share represents—higher EPS usually signals greater profitability per share, helps compare companies of different sizes, and influences stock valuations and investor decisions.

View in glossary

pre-tax, pre-provision financial

"Pre-tax, pre-provision (“PTPP”) earnings were $50.7 million"

Earnings described as "pre-tax, pre-provision" measure a company’s profit before two specific deductions: taxes and provisions for potential losses such as loan defaults or asset write-downs. Investors use it to see the business’s underlying performance before predictable charges, similar to checking a restaurant’s sales before counting taxes and money set aside for spoiled food; it highlights operating strength but can overstate cash available to owners.

roaa financial

"Annualized ROAA was 1.47%"

Return on Average Assets (ROAA) measures how efficiently a company turns its assets into profit by dividing net profit over a period by the average total assets it held during that period. It matters to investors because it shows whether a business is getting a good return from what it owns—like judging a car’s fuel efficiency by miles per gallon—helping compare profitability across companies of different sizes.

alcl financial

"The ALCL totaled $98.4 million at September 30, 2026"

Anaplastic large-cell lymphoma (ALCL) is a rare type of cancer that starts in the immune system’s white blood cells and often appears as swollen lymph nodes, skin lumps, or masses in other tissues. It matters to investors because diagnoses, regulatory findings, product recalls, or litigation linked to medical devices or drugs connected with ALCL can affect company sales, legal liabilities, and stock value, like how a sudden safety problem can change a product’s market outlook.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RUSTON, La., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (TXSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $37.8 million, or $1.22 diluted earnings per share (“EPS”), for the quarter ended September 30, 2026, compared to net income of $33.8 million, or $1.09 diluted EPS, for the quarter ended June 30, 2026. Pre-tax, pre-provision (“PTPP”)⁽¹⁾ earnings were $50.7 million for the quarter ended September 30, 2026, compared to $43.2 million for the linked quarter.

“Our third quarter results reflect the discipline and commitment of our team and the progress we are making through Optimize Origin,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “We are delivering higher levels of profitability while deepening relationships and investing intentionally in our franchise. I am proud of what we accomplished this quarter, and we know there is more work ahead as we continue delivering long-term value to our shareholders.”

⁽¹⁾ PTPP earnings is a non-GAAP financial measure, please see the last few pages of this document for a reconciliation of this alternative financial measure to its most directly comparable GAAP measure.

Optimize Origin

• In January 2025, we announced our Optimize Origin initiative to drive elite financial performance and enhance our award-winning culture, and it continues to be an important part of our corporate DNA.
• Built on three primary pillars:
  • Productivity, Delivery & Efficiency
  • Balance Sheet Optimization
  • Culture & Employee Engagement
• As announced in our Fourth Quarter and Full Year 2025 Earnings Release, our near term ROAA run rate target is 1.15% or higher by 4Q26, as we continue towards our ultimate top quartile ROAA target.

Financial Highlights

• The Company continued to deliver strong performance, and in some cases, record performance across numerous key financial metrics including, but not limited to, net income, net interest income, fully tax-equivalent net interest margin (“NIM-FTE”) and diluted earnings per share.
• Net income was $37.8 million for the quarter ended September 30, 2026, reflecting an increase of $3.9 million, or 11.6%, compared to the linked quarter.
• Non-interest income was $18.1 million for the quarter ended September 30, 2026, reflecting an increase of $2.7 million, or 17.5%, compared to the linked quarter.
• Our NIM-FTE increased two basis points to 3.94% for the quarter ended September 30, 2026, compared to the quarter ended June 30, 2026.
• Annualized ROAA was 1.47% for the quarter ended September 30, 2026, reflecting an increase of 12 basis points, compared to the quarter ended June 30, 2026.
• Total loans held for investment (“LHFI”) were $8.09 billion at September 30, 2026, reflecting an increase of $20.6 million, or 0.3%, compared to June 30, 2026. LHFI, excluding mortgage warehouse lines of credit, were $7.65 billion at September 30, 2026, reflecting an increase of $170.6 million, or 2.3%, compared to June 30, 2026.
• During the quarter ended September 30, 2026, we repurchased 272,927 shares of our common stock at an average price of $54.21 per share, including commissions and applicable excise taxes. At September 30, 2026, $106.8 million remains available for share repurchases under the share repurchase program.
• In October 2026, our board approved an increase in our quarterly dividend from $0.25 to $0.28 per share, a 12% increase. Combined with the $0.10 per share increase approved in April 2026, the quarterly dividend has increased from $0.15 to $0.28 per share, or 87%, reflecting our strong balance sheet and durable earnings.
  

Results of Operations for the Quarter Ended September 30, 2026

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended September 30, 2026, was $95.1 million, an increase of $2.9 million, or 3.2%, compared to the quarter ended June 30, 2026. The expansion in net interest income was primarily driven by a $4.3 million increase in interest income, which was partially offset by a $1.4 million increase in interest expense.

The $4.3 million increase in interest income was primarily due to an increase of $3.6 million in interest income on loans held for investment, mainly driven by higher average loan balances, which contributed $1.6 million of the increase. An additional $1.4 million of the increase resulted from one additional calendar day during the current quarter, while the remaining $648,000 was attributable to higher loan yields.

The $1.4 million increase in interest expense was primarily attributable to a $2.1 million increase in interest expense on interest-bearing deposits, partially offset by a $740,000 decrease in interest expense on FHLB advances and other borrowings. The increase in interest expense on interest-bearing deposits was primarily attributable to higher average balances, which increased interest expense by $1.1 million. This impact was primarily related to higher average money market deposit balances, which increased interest expense by $1.6 million, partially offset by lower average balances in interest-bearing demand deposits. Higher rates and one extra day in the quarter contributed another $1.0 million to the increase in interest expense on deposits. The decrease in interest expense on FHLB and other borrowings was mainly attributable to lower average borrowing balances, which decreased interest expense by approximately $762,000.

The Federal Reserve Board sets various benchmark rates, including the federal funds rate, and thereby influences the general market rates of interest, including loan and deposit rates offered by financial institutions. On October 29, 2025, and December 10, 2025, the Federal Reserve Board reduced the federal funds target rate range by 25 basis points each, to a range of 3.50% to 3.75%. On September 16, 2026, the Federal Reserve Board raised the federal funds target rate range by 25 basis points, to a range of 3.75% to 4.00%.

Our NIM-FTE was 3.94% for the quarter ended September 30, 2026, up two basis points from the linked quarter and 29 basis points from the quarter ended September 30, 2025. The yield earned on interest-earning assets was 5.76%, representing a two-basis-point increase and a 13-basis-point decrease compared to the linked quarter and the quarter ended September 30, 2025, respectively. The average rate paid on total interest-bearing liabilities was 2.70%, representing a three-basis-point increase from the linked quarter and down 52 basis points compared to the quarter ended September 30, 2025.

Credit Quality

The table below includes key credit quality information:

	At and For the Three Months Ended												Change				% Change
(Dollars in thousands, unaudited)	September 30, 2026				June 30, 2026				September 30, 2025				Linked Quarter				Linked Quarter
Past due 30 to 89 days and still accruing	$	10,308			$	5,203			$	7,739			$	5,105			98.1	%
Total nonperforming LHFI		72,461				78,522				88,282				(6,061	)		(7.7	)
Nonperforming Assets		75,102				79,281				88,859				(4,179	)		(5.3	)
Allowance for loan credit losses (“ALCL”)		98,378				98,188				96,259				190			0.2
Provision for credit losses		2,606				65				36,820				2,541			N/M
Net charge-offs		2,661				454				31,383				2,207			N/M
Credit quality ratios(1):
ALCL to nonperforming LHFI		135.77	%			125.05	%			109.04	%			10.72	%		N/A
ALCL to total LHFI		1.22				1.22				1.28				—			N/A
ALCL to total LHFI, adjusted(2)		1.27				1.30				1.35				(0.03	)		N/A
Nonperforming LHFI to LHFI		0.90				0.97				1.17				(0.07	)		N/A
Total nonperforming assets to LHFI & OREO		0.93				0.98				1.18				(0.05	)		N/A
Net charge-offs to total average LHFI (annualized)		0.13				0.02				1.65				0.11			N/A

___________________________
N/A = Not applicable.
N/M - Not meaningful

(1)	Please see the Loan Data schedule at the back of this document for additional information.
(2)	The ALCL to total LHFI, adjusted, is calculated by excluding the ALCL for mortgage warehouse lines of credit loans from the total LHFI ALCL in the numerator and excluding the mortgage warehouse lines of credit loans from the LHFI in the denominator. Due to their low-risk profile, mortgage warehouse lines of credit loans require a disproportionately low allocation of the ALCL.

Our results included a total provision for credit losses of $2.6 million during the quarter ended September 30, 2026, compared to $65,000 for the linked quarter, which includes the provision for loan credit losses, the off-balance sheet commitment credit losses and any provision for security credit losses. The increase was primarily the result of new loan production and an increase in net loan charge-offs, offset by credit migration improvement during the quarter ended September 30, 2026, resulting in provision expense for loan credit losses of $2.9 million compared to a net benefit provision of $373,000 during the linked quarter. For the current quarter, we recorded reserves of $6.1 million related to new loan production and $1.3 million related to net charge-offs not previously reserved, which was primarily offset by $5.2 million in reserve releases related to net credit migration. Net credit migration reflects the combined impact of loan risk rating changes, specific reserve adjustments, and loan balance movements, such as loan balance changes and payoffs.

The ALCL totaled $98.4 million at September 30, 2026, a $190,000 increase compared to the ALCL as of June 30, 2026, and was 1.22% as a percentage of LHFI at both September 30, 2026 and June 30, 2026.

Past due 30 to 89 days and still accruing increased $5.1 million to $10.3 million at September 30, 2026, when compared to June 30, 2026, and represented 0.13% of total LHFI, compared to 0.06% as of June 30, 2026. The increase in loans past due 30 to 89 days and still accruing was primarily driven by increases of $2.5 million, $1.7 million and $1.1 million in the commercial and industrial, commercial real estate and construction/land/land development sectors, respectively. 100% of the increases were in the 30 to 59 days past due category.

Total nonperforming LHFI decreased $6.1 million at September 30, 2026, when compared to June 30, 2026. The decrease in nonperforming LHFI was driven by decreases in the sectors of commercial real estate, construction/land/land development and commercial and industrial, offset by an increase in single-family residential real estate nonperforming LHFI. $1.6 million of the decline in nonperforming LHFI was a result of net paydowns or payoffs of nonperforming loans, primarily in the construction/land/land development sector, impacted by the questioned banker activity first disclosed during the quarter ended June 30, 2024. During the current quarter, six loan relationships totaling $2.2 million previously classified as nonperforming LHFI were transferred to other real estate owned (“OREO”).

Net charge-offs were $2.7 million for the quarter ended September 30, 2026, reflecting an increase of $2.2 million compared to the quarter ended June 30, 2026, primarily reflecting lower recoveries of $1.5 million and an increase of $728,000 in charge-offs. The decrease in recoveries was primarily the result of lower recoveries in the commercial and industrial loan sector and the increase in charge-offs was primarily a result of higher charge-offs in the commercial real estate and commercial and industrial loan sectors.

Noninterest Income

Noninterest income for the quarter ended September 30, 2026, was $18.1 million, an increase of $2.7 million, or 17.5%, from the linked quarter, primarily driven by an increase of $1.7 million in equity method investment income and an increase of $452,000 in insurance commission and fee income.

The $1.7 million increase in equity method investment income was primarily driven by an increase in Argent investment income of $1.2 million compared to the linked quarter and a reduction of $499,000 in limited partnership equity investment loss during the current quarter compared to the linked quarter.

The components of equity method investment income (loss) are as follows:

	At and For the Three Months Ended												$ Change			% Change
(Dollars in thousands, unaudited)	September 30, 2026				June 30, 2026				September 30, 2025				Linked Quarter			Linked Quarter
Argent investment income	$	1,840			$	668			$	1,227			$	1,172		175.4	%
Limited partnership investment loss		(781	)			(1,280	)			(677	)			499		39.0
Total equity method investment income (loss)	$	1,059			$	(612	)		$	550			$	1,671		273.0	%

The $452,000 increase in insurance commission and fee income is primarily the result of an increase in life and health direct bill commission income.

Noninterest Expense

Noninterest expense for the quarter ended September 30, 2026, was $62.5 million, a decrease of $1.9 million, or 3.0% from the linked quarter. The decrease was primarily due to a decrease of $869,000 in other expenses along with a decrease of $543,000 in professional services.

The $869,000 decrease in other expense was primarily due to a $2.2 million release of contingency reserve offset by an $883,000 charge, both of which relate to the settlement of certain litigation involving the questioned banker activity first disclosed during the quarter ended June 30, 2024.

The $543,000 decrease in professional services was primarily due to a $452,000 decrease in consultant fees related to contract renegotiations that occurred during the first half of the 2026 fiscal year.

Financial Condition

The table below discloses the changes in certain balance sheet metrics:

	At and For the Three Months Ended									$ Change				% Change
(Dollars in thousands, unaudited)	September 30, 2026			June 30, 2026			September 30, 2025			Linked Quarter				Linked Quarter
Total LHFI	$	8,094,172		$	8,073,577		$	7,537,099		$	20,595			0.3	%
Average total LHFI		8,059,674			7,954,669			7,523,624			105,005			1.3
Total securities		1,145,994			1,158,652			1,121,551			(12,658	)		(1.1	)
Average total securities		1,165,465			1,178,329			1,127,809			(12,864	)		(1.1	)
Total deposits		8,673,174			8,703,251			8,331,830			(30,077	)		(0.3	)
Average total deposits		8,684,836			8,463,422			8,232,260			221,414			2.6
Total borrowings		15,377			136,878			12,790			(121,501	)		(88.8	)
Average borrowings		57,246			140,897			30,702			(83,651	)		(59.4	)
Total subordinated indebtedness		16,619			16,594			89,715			25			0.2
Average total subordinated indebtedness		16,608			16,582			89,692			26			0.2
Total shareholders’ equity		1,263,687			1,281,057			1,214,756			(17,370	)		(1.4	)
Average total shareholders’ equity		1,287,795			1,275,384			1,227,431			12,411			1.0

Loans

• Excluding mortgage warehouse lines of credit, LHFI increased $170.6 million, or 2.3%, from June 30, 2026. The increase was primarily driven by increases of $78.1 million, $66.8 million, and $24.0 million in construction/land/land development, owner-occupied commercial real estate loans and non-owner-occupied commercial real estate, respectively. These increases were partially offset by a decrease of $19.1 million in commercial and industrial loans.
• Mortgage warehouse lines of credit at September 30, 2026, were $439.7 million, a decrease of $150.0 million, or 25.4%, from $589.7 million at June 30, 2026, and a decrease of $33.3 million, or 7.0%, compared to September 30, 2025.

Securities

• Accumulated other comprehensive loss, net of taxes, primarily associated with unrealized losses within the available for sale portfolio, was $96.4 million at September 30, 2026, an increase of $35.6 million, or 58.5%, from the linked quarter and an increase of $35.2 million, or 57.6% from September 30, 2025.
• The weighted average effective duration for the total securities portfolio was 4.65 years as of September 30, 2026, compared to 4.08 years as of June 30, 2026.

Deposits

• The increase in average deposits for the current quarter compared to linked quarter was primarily due to increases of $217.0 million and $80.0 million in money market and noninterest-bearing deposits, respectively. Offsetting these increases was a decrease of $79.9 million in average interest-bearing demand deposits.
• At September 30, 2026, June 30, 2026, and September 30, 2025, average noninterest-bearing deposits as a percentage of average total deposits were 24.9%, 24.6% and 23.1%, respectively.

Borrowings

• The decrease in the current quarter borrowings compared to the linked quarter primarily reflects lower FHLB short-term borrowings as the linked quarter included $125.0 million of additional borrowings used primarily to meet seasonal liquidity needs.
  

Subordinate debentures

• Total subordinated debentures at September 30, 2026, compared to September 30, 2025, declined primarily due to the redemption of $74.0 million in subordinated debentures during the quarter ended December 31, 2025, in conjunction with our Optimize Origin initiative.
  

Capital

• The decrease in shareholder’s equity at September 30, 2026, compared to the linked quarter was mainly due to $35.6 million of other comprehensive loss, net of tax, as well as $14.8 million in common share repurchases and $7.9 million of dividends declared, partially offset by net income of $37.8 million during the quarter ended September 30, 2026.
• Uses of regulatory capital since the beginning of 2025 consist of the following:
  • Repurchased 1,106,466 shares of our common stock at an average price of $42.97 per share, for a total of $47.5 million, including commissions and applicable excise taxes. There is currently $106.8 million remaining available for share repurchases under the share repurchase program.
  • Redeemed $143.6 million of subordinated debentures, including the amortization of the original issue discount and fair value mark.
  • Declared $39.4 million in dividends to our shareholders, excluding dividends declared in October 2026.

Conference Call

Origin will hold a conference call to discuss its third quarter 2026 results on Thursday, October 29, 2026, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). To participate in the live conference call, please dial +1 (929) 272-1574 (U.S. Local / International 1); +1 (857) 999-3259 (U.S. Local / International 2); +1 (888) 700-7550 (U.S. Toll Free), enter Conference ID: 40835 and request to be joined into the Origin Bancorp, Inc. (OBK) call. A simultaneous audio-only webcast may be accessed via Origin’s website at www.origin.bank under the Investor Relations, News & Events, Events & Presentations link or directly by visiting https://dealroadshow.com/e/ORIGIN3Q26.

If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

About Origin

Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates more than 57 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, Alabama and the Florida Panhandle. In addition, Origin provides a broad range of insurance agency products and services through its wholly owned insurance agency subsidiary, Forth Insurance, LLC. For more information, visit www.origin.bank and www.forthinsurance.com.

Non-GAAP Financial Measures

Origin reports its results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). However, management believes that certain supplemental non-GAAP financial measures may provide meaningful information to investors that is useful in understanding Origin's results of operations and underlying trends in its business. These non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Origin's reported results prepared in accordance with GAAP. The following are the non-GAAP measures used in this release: PTPP earnings, PTPP ROAA, tangible book value per common share, and ROATCE.

Please see the last few pages of this release for reconciliations of non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc’s (“Origin”, “we”, “our” or the “Company”) future financial performance, business and growth strategies, projected plans and objectives, and any expected purchases of its outstanding common stock, and related transactions and other projections based on macroeconomic and industry trends, including changes to interest rates by the Federal Reserve and the resulting impact on Origin’s results of operations, estimated forbearance amounts and expectations regarding the Company’s liquidity, including in connection with advances obtained from the FHLB, which are all subject to change and may be inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such changes may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions and current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin’s control. Statements or statistics preceded by, followed by or that otherwise include the words “assumes,” “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “projects,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will,” and “would” and variations of such terms are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain factors that could affect Origin’s future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: (1) the impact of current and future economic conditions generally and in the financial services industry, nationally and within Origin’s primary market areas, including the impact of tariffs, as well as the financial stress on borrowers and changes to customer and client behavior as a result of the foregoing; (2) changes in benchmark interest rates and the resulting impacts on net interest income; (3) deterioration of Origin’s asset quality; (4) factors that can impact the performance of Origin’s loan portfolio, including real estate values and liquidity in Origin’s primary market areas; (5) the financial health of Origin’s commercial borrowers and the success of construction projects that Origin finances; (6) changes in the value of collateral securing Origin’s loans; (7) the impact of generative artificial intelligence; (8) Origin’s ability to anticipate interest rate changes and manage interest rate risk; (9) the impact of heightened regulatory requirements, reduced debit interchange and overdraft income and the possibility of facing related adverse business consequences if our total assets grow in excess of $10 billion as of December 31 of any calendar year; (10) the effectiveness of Origin’s risk management framework and quantitative models; (11) Origin’s inability to receive dividends from Origin Bank and to service debt, pay dividends to Origin’s common shareholders, repurchase Origin’s shares of common stock and satisfy obligations as they become due; (12) the impact of labor pressures; (13) changes in Origin’s operation or expansion strategy or Origin’s ability to prudently manage its growth and execute its strategy; (14) changes in management personnel; (15) Origin’s ability to maintain important customer relationships, reputation or otherwise avoid liquidity risks; (16) increasing costs as Origin grows deposits; (17) operational risks associated with Origin’s business; (18) significant turbulence or a disruption in the capital or financial markets and the effect of market disruption and interest rate volatility on our investment securities; (19) increased competition in the financial services industry, particularly from regional and national institutions, as well as from fintech companies; (20) compliance with governmental and regulatory requirements and changes in laws, rules, regulations, interpretations or policies relating to financial institutions; (21) periodic changes to the extensive body of accounting rules and best practices; (22) further government intervention in the U.S. financial system; (23) a deterioration of the credit rating for U.S. long-term sovereign debt; (24) Origin’s ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; (25) natural disasters and other adverse weather events, pandemics, acts of terrorism, war, and other matters beyond Origin’s control; (26) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; (27) fraud or misconduct by internal or external actors (including Origin employees); (28) cybersecurity threats or security breaches and the cost of defending against them; (29) Origin’s ability to maintain adequate internal controls over financial and non-financial reporting; and (30) potential claims, damages, penalties, fines, costs and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions. For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Origin’s most recent and future Annual Reports on Form 10-K filed with the Securities and Exchange Commission and any updates to those sections set forth in Origin’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin’s underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin’s behalf may issue. Annualized, pro forma, adjusted, projected, and estimated numbers are used for illustrative purposes only, are not forecasts, and may not reflect actual results.

This press release contains projected financial information with respect to Origin, including with respect to certain goals and strategic initiatives of Origin and the anticipated benefits thereof. This projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to significant business, economic (including interest rate), competitive, and other risks and uncertainties. Actual results may differ materially from the results contemplated by the projected financial information contained herein and the inclusion of such projected financial information in this release should not be regarded as a representation by any person that such actions will be taken or accomplished or that the results reflected in such projected financial information with respect thereto will be achieved.

Contact:

Investor Relations
Chris Reigelman
318-497-3177
chris@origin.bank

Media Contact
Ryan Kilpatrick
318-232-7472
rkilpatrick@origin.bank

Origin Bancorp, Inc. Selected Quarterly Financial Data (Unaudited)
	Three Months Ended
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
Income statement and share amounts	(Dollars in thousands, except per share amounts)
Net interest income	$	95,140			$	92,200			$	87,244			$	86,694			$	83,704
Provision for credit losses		2,606				65				4,965				3,158				36,820
Noninterest income		18,080				15,393				16,795				16,736				26,128
Noninterest expense		62,489				64,412				63,797				62,823				62,028
Income before income tax expense		48,125				43,116				35,277				37,449				10,984
Income tax expense		10,347				9,270				7,584				7,933				2,361
Net income	$	37,778			$	33,846			$	27,693			$	29,516			$	8,623
PTPP earnings(1)	$	50,731			$	43,181			$	40,242			$	40,607			$	47,804
Basic earnings per common share		1.23				1.10				0.89				0.95				0.28
Diluted earnings per common share		1.22				1.09				0.89				0.95				0.27
Dividends declared per common share		0.25				0.25				0.15				0.15				0.15
Weighted average common shares outstanding - basic		30,769,835				30,848,905				30,942,565				30,964,128				31,183,092
Weighted average common shares outstanding - diluted		31,081,681				31,157,927				31,203,348				31,168,548				31,363,571
Balance sheet data
Total LHFI	$	8,094,172			$	8,073,577			$	7,864,221			$	7,670,917			$	7,537,099
Total LHFI excluding mortgage warehouse lines of credit		7,654,495				7,483,871				7,341,931				7,142,136				7,064,131
Total assets		10,105,114				10,276,930				10,188,144				9,724,722				9,791,306
Total deposits		8,673,174				8,703,251				8,756,268				8,307,247				8,331,830
Total shareholders’ equity		1,263,687				1,281,057				1,260,275				1,246,685				1,214,756
Performance metrics and capital ratios
Yield on LHFI		6.17	%			6.14	%			6.06	%			6.22	%			6.33	%
Yield on interest-earning assets		5.76				5.74				5.56				5.76				5.89
Cost of interest-bearing deposits		2.68				2.64				2.66				2.90				3.20
Cost of total deposits		2.01				1.99				2.05				2.20				2.46
NIM - fully tax equivalent ("FTE")		3.94				3.92				3.71				3.73				3.65
Return on average assets (annualized) ("ROAA")		1.47				1.35				1.11				1.19				0.35
PTPP ROAA (annualized)(1)		1.97				1.73				1.61				1.64				1.95
Return on average shareholders’ equity (annualized) ("ROAE")		11.64				10.64				8.86				9.50				2.79
Return on average tangible common equity (annualized) ("ROATCE")(1)		13.27				12.17				10.15				10.95				3.22
Book value per common share	$	41.29			$	41.52			$	40.81			$	40.28			$	39.23
Tangible book value per common share (1)		36.14				36.37				35.61				35.04				33.95
Efficiency ratio(2)		55.19	%			59.87	%			61.32	%			60.74	%			56.48	%
Common equity tier 1 to risk-weighted assets(3)		13.74				13.41				13.60				13.54				13.59
Tier 1 capital to risk-weighted assets(3)		13.85				13.59				13.79				13.73				13.79
Total capital to risk-weighted assets(3)		15.07				14.74				14.99				14.91				15.90
Tier 1 leverage ratio(3)		11.98				12.05				11.74				11.86				11.69

__________________________

(1)	PTPP earnings, PTPP ROAA, ROATCE and tangible book value per common share are either non-GAAP financial measures or use a non-GAAP contributor in the formula. For a reconciliation of these alternative financial measures to their most directly comparable GAAP measures, please see the last few pages of this release.
(2)	Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.
(3)	Ratios are calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve Board. September 30, 2026 ratios are estimated.

Origin Bancorp, Inc. Selected Year-To-Date Financial Data (Unaudited)
	Nine Months Ended September 30,
(Dollars in thousands, except per share amounts)		2026				2025
Income statement and share amounts
Net interest income	$	274,584			$	244,299
Provision for credit losses		7,636				43,126
Noninterest income		50,268				43,098
Noninterest expense		190,698				186,079
Income before income tax expense		126,518				58,192
Income tax expense		27,201				12,511
Net income	$	99,317			$	45,681
PTPP earnings(1)	$	134,154			$	101,318
Basic earnings per common share		3.22				1.46
Diluted earnings per common share		3.19				1.46
Dividends declared per common share		0.65				0.45
Weighted average common shares outstanding - basic		30,853,135				31,193,739
Weighted average common shares outstanding - diluted		31,172,097				31,382,010
Performance metrics
Yield on LHFI		6.13	%			6.33	%
Yield on interest-earning assets		5.69				5.85
Cost of interest-bearing deposits		2.66				3.21
Cost of total deposits		2.02				2.48
NIM-FTE		3.86				3.57
ROAA (annualized)		1.31				0.63
PTPP ROAA (annualized)(1)		1.77				1.39
ROAE (annualized)		10.40				5.11
ROATCE (annualized)(1)		11.89				5.93
Efficiency ratio(2)		58.70				64.75

____________________________

(1)	PTPP earnings, PTPP ROAA, and ROATCE are either non-GAAP financial measures or use a non-GAAP contributor in the formula. For a reconciliation of these alternative financial measures to their most directly comparable GAAP measures, please see the last few pages of this release.
(2)	Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.

Origin Bancorp, Inc. Consolidated Quarterly Statements of Income (Unaudited)
	Three Months Ended
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025			September 30, 2025
Interest and dividend income	(Dollars in thousands, except per share amounts)
Interest and fees on loans	$	125,458			$	121,857			$	114,161			$	119,282		$	120,096
Investment securities-taxable		8,844				9,039				8,776				8,991			8,767
Investment securities-nontaxable		1,632				1,517				1,486				1,487			1,523
Interest and dividend income on assets held in other financial institutions		4,101				3,310				6,873				4,884			5,753
Total interest and dividend income		140,035				135,723				131,296				134,644			136,139
Interest expense
Interest-bearing deposits		44,108				42,001				43,702				46,510			51,026
FHLB advances and other borrowings		543				1,283				111				102			273
Subordinated indebtedness		244				239				239				1,338			1,136
Total interest expense		44,895				43,523				44,052				47,950			52,435
Net interest income		95,140				92,200				87,244				86,694			83,704
Provision for credit losses		2,606				65				4,965				3,158			36,820
Net interest income after provision for credit losses		92,534				92,135				82,279				83,536			46,884
Noninterest income
Insurance commission and fee income		7,335				6,883				9,597				5,931			6,598
Service charges and fees		5,324				5,334				4,951				5,043			4,965
Other fee income		2,639				2,321				2,295				2,128			2,262
Mortgage banking revenue		591				848				563				680			726
Swap fee income		402				32				54				58			1,387
Change in fair value of equity investments		—				—				—				—			6,972
(Loss) gain on sales of securities, net		(30	)			1				—				—			—
Equity method investment income (loss)		1,059				(612	)			(1,517	)			1,859			550
Other income		760				586				852				1,037			2,668
Total noninterest income		18,080				15,393				16,795				16,736			26,128
Noninterest expense
Salaries and employee benefits		40,521				40,374				38,397				37,015			37,863
Occupancy and equipment, net		7,322				7,201				6,984				6,961			7,079
Data processing		3,854				3,738				4,050				3,672			3,526
Office and operations		3,040				3,174				2,937				3,243			3,184
Professional services		1,266				1,809				2,649				2,703			1,395
Intangible asset amortization		1,333				1,484				1,485				1,499			1,583
Electronic banking		944				935				1,442				1,545			1,470
Advertising and marketing		1,516				1,650				1,360				1,746			1,524
Regulatory assessments		1,184				1,364				1,335				1,528			1,269
Loan-related expenses		740				1,045				895				787			979
Other expenses		769				1,638				2,263				2,124			2,156
Total noninterest expense		62,489				64,412				63,797				62,823			62,028
Income before income tax expense		48,125				43,116				35,277				37,449			10,984
Income tax expense		10,347				9,270				7,584				7,933			2,361
Net income	$	37,778			$	33,846			$	27,693			$	29,516		$	8,623

Origin Bancorp, Inc. Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
Assets
Cash and due from banks	$	84,416			$	87,315			$	90,641			$	73,122			$	94,062
Interest-bearing deposits in banks		262,666				459,216				575,562				351,095				532,847
Total cash and cash equivalents		347,082				546,531				666,203				424,217				626,909
Securities:
AFS		1,117,665				1,142,223				1,151,402				1,117,176				1,104,789
Held to maturity, net of allowance for credit losses		22,493				10,557				10,557				10,559				10,559
Securities carried at fair value through income		5,836				5,872				6,197				6,215				6,203
Total securities		1,145,994				1,158,652				1,168,156				1,133,950				1,121,551
Non-marketable equity securities held in other financial institutions		33,136				37,662				31,193				31,069				31,041
Equity method investments		64,168				63,141				66,091				67,502				65,643
Loans held for sale		628				1,146				2,935				1,032				312
LHFI		8,094,172				8,073,577				7,864,221				7,670,917				7,537,099
Less: ALCL		98,378				98,188				99,015				96,782				96,259
LHFI, net of ALCL		7,995,794				7,975,389				7,765,206				7,574,135				7,440,840
Premises and equipment, net		134,673				133,783				126,916				124,249				122,899
Cash surrender value of bank-owned life insurance		42,466				42,215				41,968				41,726				41,478
Goodwill		128,679				128,679				128,679				128,679				128,679
Other intangible assets, net		29,059				30,393				31,877				33,362				34,861
Accrued interest receivable and other assets		183,435				159,339				158,920				164,801				177,093
Total assets	$	10,105,114			$	10,276,930			$	10,188,144			$	9,724,722			$	9,791,306
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	$	2,176,440			$	2,260,015			$	2,062,982			$	1,979,875			$	2,000,324
Interest-bearing deposits		5,727,032				5,684,879				5,895,932				5,497,920				5,516,821
Time deposits		769,702				758,357				797,354				829,452				814,685
Total deposits		8,673,174				8,703,251				8,756,268				8,307,247				8,331,830
FHLB advances and other borrowings		15,377				136,878				12,609				19,050				12,790
Subordinated indebtedness		16,619				16,594				16,569				16,544				89,715
Accrued expenses and other liabilities		136,257				139,150				142,423				135,196				142,215
Total liabilities		8,841,427				8,995,873				8,927,869				8,478,037				8,576,550
Shareholders’ equity:
Common stock		153,014				154,252				154,397				154,762				154,839
Additional paid-in capital		526,652				530,959				532,773				533,541				532,975
Retained earnings		680,431				656,674				633,949				612,523				588,106
Accumulated other comprehensive loss		(96,410	)			(60,828	)			(60,844	)			(54,141	)			(61,164	)
Total shareholders’ equity		1,263,687				1,281,057				1,260,275				1,246,685				1,214,756
Total liabilities and shareholders’ equity	$	10,105,114			$	10,276,930			$	10,188,144			$	9,724,722			$	9,791,306

Origin Bancorp, Inc. Loan Data (Unaudited)
	At and For the Three Months Ended
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
LHFI	(Dollars in thousands)
Owner-occupied commercial real estate	$	1,115,338			$	1,048,534			$	999,440			$	1,004,801			$	986,859
Non-owner-occupied commercial real estate		1,607,135				1,583,170				1,511,138				1,519,104				1,520,020
Construction/land/land development		776,682				698,610				641,273				611,220				615,778
Single-family residential real estate		1,437,148				1,425,285				1,442,792				1,444,611				1,460,696
Multifamily residential real estate		577,102				568,445				555,527				553,149				540,601
Total real estate loans		5,513,405				5,324,044				5,150,170				5,132,885				5,123,954
Commercial and industrial		2,122,572				2,141,623				2,173,126				1,989,218				1,919,782
Mortgage warehouse lines of credit		439,677				589,706				522,290				528,781				472,968
Consumer		18,518				18,204				18,635				20,033				20,395
Total LHFI		8,094,172				8,073,577				7,864,221				7,670,917				7,537,099
Less: ALCL		98,378				98,188				99,015				96,782				96,259
LHFI, net	$	7,995,794			$	7,975,389			$	7,765,206			$	7,574,135			$	7,440,840
Nonperforming assets(1)
Nonperforming LHFI
Commercial real estate	$	9,773			$	15,479			$	19,891			$	13,212			$	11,736
Construction/land/land development		15,319				16,365				19,427				16,388				17,047
Single-family residential real estate		37,100				35,595				37,809				39,480				41,964
Multifamily residential real estate		—				—				—				—				2,404
Commercial and industrial		10,213				11,015				10,074				11,919				15,043
Consumer		56				68				65				185				88
Total nonperforming LHFI		72,461				78,522				87,266				81,184				88,282
Other real estate owned/repossessed assets		2,641				759				1,007				694				577
Total nonperforming assets	$	75,102			$	79,281			$	88,273			$	81,878			$	88,859
Classified assets	$	148,679			$	144,410			$	154,599			$	148,322			$	138,910
Past due 30 to 89 days and still accruing	$	10,308				5,203				17,624				14,764				7,739
Allowance for loan credit losses
Balance at beginning of period	$	98,188			$	99,015			$	96,782			$	96,259			$	92,426
Provision for loan credit losses		2,851				(373	)			5,010				3,693				35,216
Loans charged off		3,224				2,496				3,963				4,328				32,206
Loan recoveries		563				2,042				1,186				1,158				823
Net charge-offs		2,661				454				2,777				3,170				31,383
Balance at end of period	$	98,378			$	98,188			$	99,015			$	96,782			$	96,259
Credit quality ratios
Total nonperforming assets to total assets		0.74	%			0.77	%			0.87	%			0.84	%			0.91	%
Total nonperforming assets to loans & OREO		0.93				0.98				1.12				1.07				1.18
Nonperforming LHFI to LHFI		0.90				0.97				1.11				1.06				1.17
Past due 30 to 89 days and still accruing to LHFI		0.13				0.06				0.22				0.19				0.10
ALCL to nonperforming LHFI		135.77				125.05				113.46				119.21				109.04
ALCL to total LHFI		1.22				1.22				1.26				1.26				1.28
ALCL to total LHFI excl. mortgage warehouse lines of credit (2)		1.27				1.30				1.34				1.34				1.35
Net charge-offs to total average LHFI (annualized)		0.13				0.02				0.15				0.17				1.65

____________________________

(1)	Nonperforming assets consist of nonperforming/nonaccrual loans and property acquired through foreclosures or repossession, as well as bank-owned property not in use and listed for sale, if any.
(2)	The ALCL to total LHFI excl. mortgage warehouse lines of credit, is calculated by excluding the ALCL for mortgage warehouse lines of credit loans from the total LHFI ALCL in the numerator and excluding the mortgage warehouse lines of credit loans from the LHFI in the denominator. Due to their low-risk profile, mortgage warehouse lines of credit loans require a disproportionately low allocation of the ALCL.

Origin Bancorp, Inc. Average Balances and Yields/Rates (Unaudited)
	Three Months Ended
	September 30, 2026									June 30, 2026									September 30, 2025
	Average Balance			Income/Expense			Yield/Rate(1)			Average Balance			Income/Expense			Yield/Rate(1)			Average Balance			Income/Expense			Yield/Rate(1)
Assets	(Dollars in thousands)
Commercial real estate	$	2,643,416		$	39,273		5.89	%		$	2,563,643		$	37,196		5.82	%		$	2,450,148		$	36,101		5.85	%
Construction/land/land development		742,095			12,654		6.77				675,151			11,603		6.89				644,455			11,454		7.05
Single-family residential real estate		1,432,824			19,917		5.51				1,428,511			19,627		5.51				1,460,412			20,004		5.43
Multifamily residential real estate		578,468			9,086		6.23				572,052			8,688		6.09				532,354			8,428		6.28
Commercial and industrial ("C&I")		2,164,704			36,393		6.67				2,212,814			36,675		6.65				1,994,755			36,283		7.22
Mortgage warehouse lines of credit		479,308			7,776		6.44				483,340			7,685		6.38				420,848			7,393		6.97
Consumer		18,859			336		7.07				19,158			351		7.35				20,652			385		7.40
LHFI		8,059,674			125,435		6.17				7,954,669			121,825		6.14				7,523,624			120,048		6.33
Loans held for sale		1,201			23		7.60				2,161			32		5.94				2,918			48		6.53
Loans receivable		8,060,875			125,458		6.17				7,956,830			121,857		6.14				7,526,542			120,096		6.33
Investment securities-taxable		969,386			8,844		3.62				992,478			9,039		3.65				951,758			8,767		3.65
Investment securities-nontaxable		196,079			1,632		3.30				185,851			1,517		3.27				176,051			1,523		3.43
Non-marketable equity securities held in other financial institutions		37,256			574		6.11				39,526			392		3.98				34,652			542		6.21
Interest-earning balances due from banks		375,478			3,527		3.73				309,510			2,918		3.78				473,352			5,211		4.37
Total interest-earning assets		9,639,074			140,035		5.76				9,484,195			135,723		5.74				9,162,355			136,139		5.89
Noninterest-earning assets		554,817									555,512									565,059
Total assets	$	10,193,891								$	10,039,707								$	9,727,414
Liabilities and Shareholders’ Equity
Liabilities
Interest-bearing liabilities
Interest-bearing demand deposits	$	1,812,819		$	10,883		2.38	%		$	1,892,759		$	11,051		2.34	%		$	1,827,758		$	13,170		2.86	%
Money market deposits		3,637,422			26,427		2.88				3,420,399			24,491		2.87				3,369,582			29,695		3.50
Savings deposits		309,898			918		1.18				304,088			866		1.14				314,112			1,194		1.51
Savings and interest-bearing transaction accounts		5,760,139			38,228		2.63				5,617,246			36,408		2.60				5,511,452			44,059		3.17
Time deposits		764,344			5,880		3.05				765,794			5,593		2.93				819,692			6,967		3.37
Total interest-bearing deposits		6,524,483			44,108		2.68				6,383,040			42,001		2.64				6,331,144			51,026		3.20
FHLB advances and other borrowings		57,246			543		3.76				140,897			1,283		3.65				30,702			273		3.53
Subordinated indebtedness		16,608			244		5.83				16,582			239		5.78				89,692			1,136		5.02
Total interest-bearing liabilities		6,598,337			44,895		2.70				6,540,519			43,523		2.67				6,451,538			52,435		3.22
Noninterest-bearing liabilities
Noninterest-bearing deposits		2,160,353									2,080,382									1,901,116
Other liabilities		147,406									143,422									147,329
Total liabilities		8,906,096									8,764,323									8,499,983
Shareholders’ Equity		1,287,795									1,275,384									1,227,431
Total liabilities and shareholders’ equity	$	10,193,891								$	10,039,707								$	9,727,414
Net interest spread							3.06	%								3.07	%								2.67	%
NIM				$	95,140		3.92						$	92,200		3.90						$	83,704		3.62
NIM-FTE(2)				$	95,628		3.94						$	92,668		3.92						$	84,230		3.65

____________________________

(1)	Yields/Rates are calculated on an actual/actual day count basis.
(2)	In order to present pre-tax income and resulting yields on tax-exempt investments comparable to those on taxable investments, a tax-equivalent adjustment has been computed. This adjustment also includes income tax credits received on Qualified School Construction Bonds.

Origin Bancorp, Inc. Notable Items (Unaudited)
	At and For the Three Months Ended
	September 30, 2026								June 30, 2026								March 31, 2026								December 31, 2025								September 30, 2025
	$ Impact				EPS Impact(1)				$ Impact				EPS Impact(1)				$ Impact				EPS Impact(1)				$ Impact				EPS Impact(1)				$ Impact				EPS Impact(1)
	(Dollars in thousands, except per share amounts)
Notable interest income items:
Interest income reversal related to borrower fraud	$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	(206	)		$	(0.01	)
Interest income on relationships impacted by questioned banker activity		131				—				—				—				—				—				—				—				—				—
Notable interest expense items:
OID amortization - subordinated debenture redemption		—				—				—				—				—				—				(783	)			(0.02	)			—				—
Notable provision expense items:
Provision release (expense) on relationships related to or impacted by questioned banker activity		992				0.03				18				—				—				—				(10	)			—				(1,670	)			(0.04	)
Provision expense related to borrower fraud		—				—				—				—				—				—				(13	)			—				(29,545	)			(0.74	)
Notable noninterest income items:
(Loss) gain on sales of securities, net		(30	)			—				1				—				—				—				—				—				—				—
Positive valuation adjustment on non-marketable equity securities		—				—				—				—				—				—				—				—				6,972				0.18
Insurance recovery income related to questioned banker activity		157				—				—				—				438				0.01				483				0.01				2,077				0.05
Notable noninterest expense items:
Operating benefit (expense) related to questioned banker activity(2)		1,204				0.03				325				0.01				(542	)			(0.01	)			(698	)			(0.02	)			(112	)			—
Operating expense related to strategic Optimize Origin initiatives(3)		—				—				—				—				—				—				(51	)			—				(577	)			(0.01	)
Operating expense related to borrower fraud		(347	)			(0.01	)			(458	)			(0.01	)			(473	)			(0.01	)			(587	)			(0.01	)			(285	)			(0.01	)
Total notable items	$	2,107				0.05			$	(114	)			—			$	(577	)			(0.01	)		$	(1,659	)			(0.04	)		$	(23,346	)			(0.59	)

____________________________

(1)	The diluted EPS impact is calculated using a 21% effective tax rate. The total of the diluted EPS impact of each individual line item may not equal the calculated diluted EPS impact on the total notable items due to rounding.
(2)	The $1.2 million and $325,000 operating net benefit related to questioned banker activity for the quarter ended September 30, 2026 and June 30, 2026, include $2.2 million and $389,000 release of litigation reserve, respectively.
(3)	Operating expenses related to strategic Optimize Origin initiatives are expected to be immaterial and, accordingly, will no longer be separately tracked beginning with the quarter ended March 31, 2026. The $51,000 and $577,000 operating expenses related to strategic Optimize Origin initiatives for the quarters ended December 31, 2025, and September 30, 2025, include sub-lease income of $40,000 and $27,000, respectively, that was included in noninterest income on the face of the income statement.

Origin Bancorp, Inc. Notable Items - Continued (Unaudited)
	Nine Months Ended September 30,
		2026								2025
	$ Impact				EPS Impact(1)				$ Impact				EPS Impact(1)
	(Dollars in thousands, except per share amounts)
Notable interest income items:
Interest income reversal related to borrower fraud	$	—			$	—			$	(206	)		$	(0.01	)
Interest income on relationships impacted by questioned banker activity		131				—				—				—
Notable interest expense items:
OID amortization - subordinated debenture redemption		—				—				(681	)			(0.02	)
Notable provision expense items:
Provision release on relationships related to or impacted by questioned banker activity		1,010				0.03				(1,295	)			(0.03	)
Provision expense related to borrower fraud		—				—				(29,545	)			(0.74	)
Notable noninterest income items:
Loss on sales of securities, net		(29	)			—				(14,448	)			(0.36	)
Positive valuation adjustment on non-marketable equity securities		—				—				6,972				0.18
Net loss on OREO properties(2)		—				—				(370	)			(0.01	)
BOLI payout		—				—				208				0.01
Insurance recovery income related to questioned banker activity		595				0.02				2,077				0.05
Notable noninterest expense items:
Operating benefit (expense) related to questioned banker activity(3)		987				0.03				(1,185	)			(0.03	)
Operating expense related to strategic Optimize Origin initiatives(4)		—				—				(2,620	)			(0.07	)
Operating expense related to borrower fraud		(1,278	)			(0.03	)			(285	)			(0.01	)
Employee Retention Credit		—				—				213				0.01
Total notable items	$	1,416				0.04			$	(41,165	)			(1.04	)

____________________________

(1)	The diluted EPS impact is calculated using a 21% effective tax rate. The total of the diluted EPS impact of each individual line item may not equal the calculated diluted EPS impact on the total notable items due to rounding.
(2)	The $370,000 net loss on OREO properties for the nine months ended September 30, 2025, includes a $452,000 insurance settlement recovery that was included in noninterest income on the face of the income statement and a $151,000 repair cost that was included in noninterest expense.
(3)	The $987,000 operating expense related to questioned banker activity for the nine months ended September 30, 2026, includes a $2.6 million release of litigation reserve.
(4)	Operating expenses related to strategic Optimize Origin initiatives are expected to be immaterial and accordingly, will no longer be separately tracked beginning with the quarter ended March 31, 2026. The $2.6 million operating expense related to strategic Optimize Origin initiatives for the nine months ended September 30, 2025, includes sub-lease income of $27,000 that was included in noninterest income on the face of the income statement.

Origin Bancorp, Inc. Non-GAAP Financial Measures (Unaudited)
	At and For the Three Months Ended
	September 30, 2026				June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025
	(Dollars in thousands, except per share amounts)
Calculation of PTPP earnings:
Net income	$	37,778			$	33,846			$	27,693			$	29,516			$	8,623
Provision for credit losses		2,606				65				4,965				3,158				36,820
Income tax expense		10,347				9,270				7,584				7,933				2,361
PTPP earnings (non-GAAP)	$	50,731			$	43,181			$	40,242			$	40,607			$	47,804
Calculation of PTPP ROAA:
PTPP earnings	$	50,731			$	43,181			$	40,242			$	40,607			$	47,804
Divided by number of days in the quarter		92				91				90				92				92
Multiplied by the number of days in the year		365				365				365				365				365
PTPP earnings, annualized	$	201,270			$	173,199			$	163,204			$	161,104			$	189,657
Divided by total average assets		10,193,891				10,039,707				10,126,491				9,829,752				9,727,414
ROAA (annualized) (GAAP)		1.47	%			1.35	%			1.11	%			1.19	%			0.35	%
PTPP ROAA (annualized) (non-GAAP)		1.97				1.73				1.61				1.64				1.95
Calculation of tangible book value per common share:
Total common shareholders’ equity	$	1,263,687			$	1,281,057			$	1,260,275			$	1,246,685			$	1,214,756
Goodwill		(128,679	)			(128,679	)			(128,679	)			(128,679	)			(128,679	)
Other intangible assets, net		(29,059	)			(30,393	)			(31,877	)			(33,362	)			(34,861	)
Tangible common equity		1,105,949				1,121,985				1,099,719				1,084,644				1,051,216
Divided by common shares outstanding at the end of the period		30,602,833				30,850,397				30,879,462				30,952,428				30,967,768
Book value per common share (GAAP)	$	41.29			$	41.52			$	40.81			$	40.28			$	39.23
Tangible book value per common share (non-GAAP)		36.14				36.37				35.61				35.04				33.95
Calculation of ROATCE:
Net income	$	37,778			$	33,846			$	27,693			$	29,516			$	8,623
Divided by number of days in the quarter		92				91				90				92				92
Multiplied by number of days in the year		365				365				365				365				365
Annualized net income	$	149,880			$	135,756			$	112,311			$	117,102			$	34,211
Total average common shareholders’ equity	$	1,287,795			$	1,275,384			$	1,267,888			$	1,232,878			$	1,227,431
Average goodwill		(128,679	)			(128,679	)			(128,679	)			(128,679	)			(128,679	)
Average other intangible assets, net		(29,772	)			(31,142	)			(32,679	)			(34,293	)			(35,741	)
Average tangible common equity		1,129,344				1,115,563				1,106,530				1,069,906				1,063,011
ROAE (annualized) (GAAP)		11.64	%			10.64	%			8.86	%			9.50	%			2.79	%
ROATCE (annualized) (non-GAAP)		13.27				12.17				10.15				10.95				3.22

Origin Bancorp, Inc. Non-GAAP Financial Measures - Continued (Unaudited)
	Nine Months Ended September 30,
		2026				2025
	(Dollars in thousands, except per share amounts)
Calculation of PTPP earnings:
Net income	$	99,317			$	45,681
Provision for credit losses		7,636				43,126
Income tax expense		27,201				12,511
PTPP earnings (non-GAAP)	$	134,154			$	101,318
Calculation of PTPP ROAA:
PTPP Earnings	$	134,154			$	101,318
Divided by the year-to-date number of days		273				273
Multiplied by number of days in the year		365				365
Annualized PTPP Earnings	$	179,363			$	135,462
Total average assets	$	10,120,276			$	9,750,221
ROAA(annualized)(GAAP)		1.31	%			0.63	%
PTPP ROAA(annualized)(non-GAAP)		1.77				1.39
Calculation of ROATCE:
Net income	$	99,317			$	45,681
Divided by the year-to-date number of days		273				273
Multiplied by number of days in the year		365				365
Annualized net income	$	132,786			$	61,075
Total average common shareholders’ equity	$	1,277,095			$	1,195,059
Average goodwill		(128,679	)			(128,679	)
Average other intangible assets, net		(31,187	)			(37,142	)
Average tangible common equity		1,117,229				1,029,238
ROAE(annualized)(GAAP)		10.40	%			5.11	%
ROATCE(annualized)(non-GAAP)		11.89				5.93

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Origin Bancorp’s third-quarter 2026 earnings?

Origin Bancorp earned $37.8 million, or $1.22 per diluted share, for the quarter ended September 30, 2026. That compares with $33.8 million, or $1.09 per diluted share, for the quarter ended June 30, 2026.

How much did Origin Bancorp increase its quarterly dividend in October 2026?

The board approved a 12% increase to $0.28 per share from $0.25 per share. Combined with the $0.10 per share increase approved in April 2026, the quarterly dividend increased from $0.15 to $0.28 per share, or 87%.

What drove Origin Bancorp’s increase in early loan delinquencies in Q3 2026?

The increase primarily reflected $2.5 million in commercial and industrial loans, $1.7 million in commercial real estate, and $1.1 million in construction, land and land development. All of the increases were in the 30–59 days past due category.