Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1]. Company Overview: Origin Bancorp (OBK) - Origin Bancorp currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3]. Performance Metrics - Over the past week, OBK shares increased by 4.82%, outperforming the Zacks Banks - Southeast industry, which rose by 1.25% [5]. - In a longer timeframe, OBK's monthly price change is 15.87%, significantly higher than the industry's 5.81% [5]. - Over the last quarter, OBK shares have risen by 30.28%, while the S&P 500 only increased by 0.3% during the same period [6]. - Year-to-date, OBK shares are up 13.76%, compared to the S&P 500's 13.4% increase [6]. Trading Volume - OBK's average 20-day trading volume is 283,271 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - In the past two months, two earnings estimates for OBK have been revised upwards, with the consensus estimate increasing from $3.72 to $3.85 [9]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9]. Conclusion - Given the strong performance metrics and positive earnings outlook, OBK is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11].

Financial Data and Key Metrics Changes - The company reported earnings per share of $0.95 and net income of $29.5 million, achieving a run rate on average assets of 1.19%, exceeding the targeted 1% [10] - Net interest income (NII) increased by 10.2%, while revenue, excluding notable items, rose by 8.8% [5] - Non-interest expense, excluding notable items, decreased by 0.7% [5] - The annualized pre-tax, pre-provision return on assets (ROA) increased to 1.7% from 1.63% [10] Business Line Data and Key Metrics Changes - Loan origination increased by approximately $500 million, or 37% year-over-year, with loan and swap fees rising by 57% during the same period [6] - The company achieved 20% ownership of Argent Financial and restructured mortgage delivery [5] - Non-interest income for Q4 was reported at $16.7 million, declining to $16.3 million when excluding notable items [14] Market Data and Key Metrics Changes - The company added over 10 production bankers in Houston and Dallas-Fort Worth, indicating a strategic focus on market disruption [7] - Total past dues at year-end were 0.96% of total loans, reflecting no change from the prior quarter [8] - Non-performing assets declined from 1.07% at year-end, showing an approximately $7 million reduction [8] Company Strategy and Development Direction - The company is focused on "Optimize Origin," aiming for a top quartile ROA and leveraging market disruptions from recent M&A activity [3][4] - The strategy includes investing approximately $10 million in new bankers and banking teams throughout the year to drive growth [7] - The company plans to intensify focus on client delivery models for additional revenue growth in 2026 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing significant momentum and a strong earnings profile as they enter 2026 [17] - The company anticipates loan growth to be more weighted to the second half of the year, targeting mid to high single-digit growth for loans and deposits [12][11] - Management emphasized the importance of maintaining discipline in growth to ensure profitability and ROA targets [54] Other Important Information - The tangible book value grew sequentially to $35.04, marking the 13th consecutive quarter of growth [15] - The company redeemed approximately $145 million in subordinated debt and repurchased about $16 million worth of common stock while maintaining strong capital ratios [16] Q&A Session Summary Question: What is the target for new producer hires this year? - Management indicated that the $10 million budget allows for hiring additional producers beyond the initial 10, with ongoing strategic conversations in various markets [21][22] Question: How does the net interest margin outlook look for the upcoming quarters? - Management noted that while there may be slight margin compression in Q1 due to timing differences, they expect net interest margin to stabilize in the 3.70%-3.80% range by Q4 [13][33] Question: What types of lenders are being targeted for new hires? - The focus is on C&I-focused lenders, treasury management officers, and private bankers, with a consistent opportunity for hiring expected throughout the year [39][41] Question: How does the company plan to manage expenses with new hires? - Management is committed to reducing expenses while bringing in new hires, ensuring that the impact on profitability is neutralized [42][43] Question: What is the company's approach to loan growth and credit quality? - Management is focused on improving credit quality by shifting towards better-performing loans and managing non-performing assets effectively [73]

Financial Data and Key Metrics Changes - The company reported diluted earnings per share of $0.95 and net income of $29.5 million, achieving a run rate on average assets of 1.19%, exceeding the targeted 1%+ run rate [10] - Net interest income (NII) increased by 10.2%, while revenue, excluding notable items, rose by 8.8% [5] - Non-interest expense, excluding notable items, decreased by 0.7% [5] - The annualized pre-tax, pre-provision return on assets (ROA) increased to 1.7% from 1.63% [10] Business Line Data and Key Metrics Changes - Loan origination increased approximately $500 million, or 37% year-over-year, with loan and swap fees rising by 57% during the same period [6] - The company achieved 20% ownership of Argent Financial and consolidated banking centers [5] - Non-interest income reported was $16.7 million in Q4, with a decline to $16.3 million when excluding notable items [14] Market Data and Key Metrics Changes - Total past dues at year-end were 0.96% of total loans, reflecting no change from the prior quarter [8] - Non-performing assets declined from 1.18% to 1.07% at year-end, indicating a reduction of approximately $7 million [8] - The company experienced a slight increase in total classified loans, rising from 1.4% to 1.92% of total loans [8] Company Strategy and Development Direction - The company is focused on the "Optimize Origin" initiative, aiming for a 1% ROA by Q4 2025 and ultimately targeting a top quartile ROA [3] - The strategy includes investing approximately $10 million in new bankers and banking teams to capitalize on market disruptions [7] - The company plans to intensify focus on client delivery models for additional revenue growth in 2026 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong momentum and readiness to leverage market opportunities [4] - The company anticipates loan growth to be more weighted towards the second half of the year, targeting mid to high single-digit growth for loans and deposits [12] - Management highlighted the importance of maintaining discipline in growth to ensure profitability [55] Other Important Information - The tangible book value grew sequentially to $35.04, marking the 13th consecutive quarter of growth [15] - The company redeemed approximately $145 million in subordinated debt and repurchased about $16 million worth of common stock while maintaining strong capital ratios [16] Q&A Session Summary Question: What is the target for new producer hires this year? - Management indicated that the $10 million budget allows for hiring additional bankers beyond the 10 already added, with ongoing strategic conversations in various markets [21][22] Question: How will new hires impact loan growth guidance? - Most new hires are expected to impact loan growth in the latter half of the year, with a focus on maintaining profitability [27][29] Question: What is the outlook for net interest margin? - Management anticipates slight margin compression in Q1 due to timing differences in loan versus deposit repricing, with expectations for margin expansion later in the year [31][33] Question: How does the company plan to compete for new hires? - The company focuses on its strong culture and geographic model to attract C&I-focused bankers, with an expected earnback period of 12-15 months for new hires [65][66] Question: What is the strategy regarding capital deployment? - Management plans to balance buybacks and dividends while focusing on organic growth opportunities, particularly in light of market disruptions [49][48]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported earnings per share of $0.95 and net income of $29.5 million, achieving a run rate on average assets of 1.19%, exceeding the targeted 1% [11][12] - Net interest income (NII) increased by 10.2%, while revenue, excluding notable items, rose by 8.8% [5][11] - Non-interest expense, excluding notable items, decreased by 0.7% [5][14] - The annualized pre-tax, pre-provision return on assets (ROA) increased to 1.7% from 1.63% [11] Business Line Data and Key Metrics Changes - Loan origination increased by approximately $500 million, or 37% year-over-year, with loan and swap fees rising by 57% [6][12] - Total loans grew by 1.8% sequentially and 1.1% when excluding mortgage warehouse [12] - Non-interest income reported was $16.7 million in Q4, with a decline to $16.3 million when excluding notable items [14] Market Data and Key Metrics Changes - The company achieved 20% ownership of Argent Financial and consolidated banking centers [5] - The company added more than 10 production bankers in Houston and Dallas-Fort Worth, indicating a strategic focus on market disruption [7] Company Strategy and Development Direction - The company is focused on "Optimize Origin," which aims to enhance performance and accountability while simplifying operations [3][6] - The strategy includes investing approximately $10 million in new bankers and banking teams throughout 2026 to capitalize on market opportunities [7][8] - The company anticipates loan and deposit growth in the mid to high single digits for the year, with a focus on M&A-driven disruption [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing significant momentum and a strong earnings profile as the company enters 2026 [17] - The current environment is viewed as an unprecedented opportunity for growth, with a focus on disciplined growth and profitability [8][52] - Management highlighted the importance of maintaining a balance between growth and expense management to achieve ROA targets [41][42] Other Important Information - The tangible book value grew sequentially to $35.04, marking the 13th consecutive quarter of growth [15] - The company redeemed approximately $145 million in subordinated debt and repurchased about $16 million worth of common stock while maintaining strong capital ratios [16] Q&A Session Summary Question: What is the target for new producer hires this year? - Management indicated that the $10 million budget allows for hiring additional producers beyond the 10 already added, with ongoing strategic conversations in various markets [20][21] Question: How does the company view competition in the current market? - Management noted that competition remains intense but rational, with opportunities to grow margins and ROA [51][52] Question: What is the expected impact of new hires on loan growth? - Most new hires are expected to impact loan growth in the latter half of the year, with a focus on disciplined pricing and relationship building [27][39] Question: How does the company plan to manage expenses with new hires? - Management emphasized ongoing expense management efforts to offset the costs of new hires, aiming for a neutral impact on overall expenses [41][42] Question: What is the outlook for net interest margin? - Management anticipates slight margin compression in Q1 due to timing differences but expects net interest margin to stabilize in the 3.70%-3.80% range by Q4 [13][33]

ORIGIN BANCORP, INC. 4Q TWENTY25 INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation 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 sto ...

Core Insights - Origin Bancorp reported a revenue of $103.43 million for the quarter ended December 2025, marking a 32.6% increase year-over-year and exceeding the Zacks Consensus Estimate of $100.45 million by 2.97% [1] - The company's earnings per share (EPS) was $0.95, up from $0.46 in the same quarter last year, and also surpassed the consensus EPS estimate of $0.88 by 8.36% [1] Financial Performance Metrics - The efficiency ratio was reported at 60.7%, slightly above the estimated 60.6% by analysts [4] - The net interest margin (NIM) was 3.7%, matching the analysts' average estimate [4] - The average balance of total interest-earning assets was $9.28 billion, exceeding the estimated $9.22 billion [4] - Total nonperforming loans held for investment (LHFI) were $81.18 million, lower than the estimated $89.91 million [4] - Total nonperforming assets stood at $81.88 million, compared to the average estimate of $90.69 million [4] - The net charge-offs to total average LHFI (annualized) was 0.2%, aligning with the analysts' average estimate [4] - Total noninterest income was $16.74 million, surpassing the estimated $15.7 million [4] - Net interest income reached $86.69 million, exceeding the estimated $84.76 million [4] Stock Performance - Shares of Origin Bancorp have returned +8.7% over the past month, significantly outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

分组1 - Origin Bancorp reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.88 per share, and showing a significant increase from $0.46 per share a year ago, resulting in an earnings surprise of +8.36% [1] - The company achieved revenues of $103.43 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.97%, and up from $78.02 million year-over-year [2] - Over the last four quarters, Origin Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] 分组2 - The stock has gained approximately 9% since the beginning of the year, outperforming the S&P 500, which has gained 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.89 on revenues of $101.9 million, and for the current fiscal year, it is $3.73 on revenues of $419.35 million [7] - The Zacks Industry Rank for Banks - Southeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Viewpoint - Origin Bancorp, Inc. reported significant growth in net income and earnings per share for the fourth quarter of 2025, reflecting strong operational performance despite a slight annual decline in diluted EPS compared to 2024 [1][2][3]. Financial Performance - Net income for Q4 2025 was $29.5 million, or $0.95 diluted EPS, up from $8.6 million, or $0.27 diluted EPS, in Q3 2025, marking a 242.3% increase [1][9]. - For the full year 2025, net income was $75.2 million, or $2.40 diluted EPS, a decrease of 2.0% from $2.45 in 2024 [2]. - Pre-tax, pre-provision (PTPP) earnings for Q4 2025 were $40.6 million, down from $47.8 million in the previous quarter [1][3]. Interest Income and Expenses - Net interest income for Q4 2025 was $86.7 million, an increase of 3.6% from $83.7 million in Q3 2025, driven by a $4.5 million decrease in interest expense [6][9]. - The average rate on money market deposits decreased by 40 basis points to 3.10% in Q4 2025, while the average rate on interest-bearing demand deposits fell by 26 basis points to 2.60% [7][8]. Loan and Deposit Trends - Total loans held for investment (LHFI) reached $7.67 billion at the end of Q4 2025, an increase of 1.8% from $7.54 billion in Q3 2025 [29]. - Total deposits were $8.31 billion at December 31, 2025, a slight decrease of 0.3% from the previous quarter, but would have increased by 2.3% if not for a temporary sale of interest-bearing deposits [29][9]. Credit Quality - Total nonperforming LHFI decreased by $7.1 million to $81.2 million at December 31, 2025, primarily due to payoffs in the residential sector [15]. - The allowance for loan credit losses (ALCL) was $96.8 million, representing a slight increase from the previous quarter [12][14]. Noninterest Income and Expenses - Noninterest income for Q4 2025 was $16.7 million, a decrease of $9.4 million from the linked quarter, primarily due to declines in fair value of equity investments and other income [18][20]. - Noninterest expense increased by 1.3% to $62.8 million, driven by higher professional services costs [23][24]. Capital and Book Value - Book value per common share increased to $40.28 at December 31, 2025, reflecting a 2.7% increase from the previous quarter [29]. - Tangible book value per common share was $35.04, up 3.2% from the prior quarter [29].

Financial Performance - Net income for Q4 2025 was $29.5 million, or $0.95 diluted EPS, a 242.3% increase from the previous quarter's net income of $8.6 million[1]. - PTPP earnings for the year ended December 31, 2025, were $141.9 million, an increase of $37.2 million, or 35.5%, from the previous year[1]. - Net income for Q4 2025 reached $29,516,000, compared to $8,623,000 in Q3 2025, marking a substantial increase[39]. - The annualized net income for the year ended December 31, 2025, was $117,102,000, compared to $34,211,000 in the previous year, showing a substantial increase[70]. Income and Revenue - Net interest income for Q4 2025 was $86.7 million, reflecting a 3.6% increase compared to the linked quarter, marking the highest level in the company's history[6]. - Noninterest income for Q4 2025 was $16.7 million, a decrease of $9.4 million from the previous quarter, primarily due to a $7.0 million decrease in fair value of equity investments[17]. - Total interest and dividend income for the three months ended December 31, 2025, was $134,644,000, a slight decrease from $136,139,000 in the previous quarter[44]. - Total noninterest income for the quarter was $16,736,000, a decrease from $26,128,000 in the prior quarter, reflecting a decline of approximately 36%[67]. Assets and Loans - Total assets as of December 31, 2025, were $9,724,722,000, a slight decrease from $9,791,306,000 in Q3 2025[39]. - Total loans held for investment were $7.67 billion at December 31, 2025, an increase of $133.8 million, or 1.8%, from September 30, 2025[9]. - Total LHFI, net increased to $7,574,135 thousand in Q4 2025, compared to $7,440,840 thousand in Q3 2025, marking a growth of 1.8%[48]. - Total real estate loans increased to $5,132,885 thousand in Q4 2025, up from $5,123,954 thousand in Q3 2025, reflecting a growth of 0.02%[48]. Deposits and Liabilities - Total deposits were $8.31 billion at December 31, 2025, a decrease of $24.6 million, or 0.3%, compared to the previous quarter[9]. - Total deposits decreased to $8,307,247,000 from $8,331,830,000 in the prior quarter, indicating a slight reduction in customer deposits[46]. - The company’s total liabilities stood at $8,596,874 thousand, showing a slight increase from $8,499,983 thousand in the previous quarter[54]. Equity and Book Value - Book value per common share increased to $40.28 at December 31, 2025, reflecting a 2.7% increase from the previous quarter[9]. - Total stockholders' equity increased to $1,246,685,000 in Q4 2025 from $1,214,756,000 in Q3 2025[39]. - Total common stockholders' equity increased to $1,246,685,000 from $1,214,756,000 in the prior quarter, reflecting a growth of 2.4%[67]. - The tangible book value per common share (non-GAAP) rose to $35.04, up from $33.95 in the previous quarter, representing a 3.2% increase[67]. Credit Quality - Total nonperforming loans decreased by $7.1 million to $81.2 million at December 31, 2025, compared to the previous quarter[14]. - Provision for credit losses decreased significantly to $3,158,000 in Q4 2025 from $36,820,000 in Q3 2025[39]. - The allowance for loan credit losses (ALCL) to total LHFI was 1.26% in Q4 2025, slightly down from 1.28% in Q3 2025[50]. - Net charge-offs decreased by $28.2 million for Q4 2025 compared to the previous quarter, primarily due to a significant reduction in charge-offs related to a specific borrower[16]. Operational Efficiency - The annualized ROAA was 1.19% for Q4 2025, an increase of 84 basis points, or 240.0%, compared to the previous quarter[4]. - Efficiency ratio for Q4 2025 was 60.74%, an increase from 56.48% in Q3 2025[39]. - The core efficiency ratio (non-GAAP) improved to 59.77% from 54.70% in the previous quarter, indicating enhanced operational efficiency[67]. Notable Items and Adjustments - The provision expense related to borrower fraud for the year ended December 31, 2025, amounted to $29,558,000, impacting EPS by $(0.75)[61]. - The total notable items for the year ended December 31, 2025, resulted in a negative impact of $42,824,000 on earnings, translating to a diluted EPS impact of $(1.08)[61]. - The company recognized a positive valuation adjustment on non-marketable equity securities of $6,972,000, contributing $0.18 to EPS[61]. - Operating expenses related to strategic Optimize Origin initiatives for the year ended December 31, 2025, totaled $2,671,000, with sub-lease income of $67,000 included in noninterest income[61].

Group 1 - Origin Bancorp, Inc. (NYSE:OBK) is recognized as a strong investment opportunity, described as a "rocket ship" by Jim Cramer, indicating significant growth potential [1] - The company operates as a bank holding entity, providing a range of financial services including deposit accounts, insurance products, and both commercial and residential lending solutions [1] Group 2 - There is a belief that while OBK has potential, certain AI stocks may offer greater upside potential and lower downside risk, suggesting a competitive investment landscape [2]