Financial Performance - Total loans held for investment (LHFI) were $7.09 billion at June 30, 2023, an increase of $279.9 million, or 4.1%, compared to December 31, 2022[217]. - Total deposits reached $8.49 billion at June 30, 2023, reflecting an increase of $714.3 million, or 9.2%, compared to December 31, 2022[217]. - Net interest income was $75.3 million for the three months ended June 30, 2023, an increase of $15.8 million, or 26.5%, compared to the same period in 2022[222]. - Net income increased by $449,000, or 2.1%, to $21.8 million for the three months ended June 30, 2023, compared to $21.3 million for the same period in 2022[221]. - Total assets reached $10,190,356 thousand as of June 30, 2023, compared to $7,944,720 thousand a year earlier, reflecting a growth of 28.3%[229]. - Net interest income for the six months ended June 30, 2023, was $152.4 million, an increase of $40.4 million, or 36.1%, compared to the same period in 2022[248]. - Noninterest income increased by $1.9 million, or 6.3%, to $32.0 million for the six months ended June 30, 2023, compared to $30.1 million for the same period in 2022[264]. Interest Rates and Margins - The net interest margin (NIM) was 3.16% for the three months ended June 30, 2023, a decrease of seven basis points from 3.23% for the same period in 2022[226]. - The yield on interest-earning assets increased to 5.50%, a 197 basis point increase from 3.53% for the three months ended June 30, 2022[226]. - The rate paid on total deposits increased to 2.26%, a 207 basis point increase from 0.19% for the same period in 2022[226]. - The fully tax-equivalent net interest margin was 3.29% for the six months ended June 30, 2023, a 25 basis point increase from 3.04% for the same period in 2022[253]. - The average annualized rate paid on interest-bearing deposits increased to 2.78% for the six months ended June 30, 2023, compared to 0.27% for the same period in 2022[314]. Loan and Credit Quality - The provision for credit losses increased to $4.3 million in Q2 2023, up from $3.5 million in Q2 2022, marking a rise of 24.4%[234]. - Nonperforming loans increased by $31.2 million, with the allowance for loan credit losses to nonperforming loans at 280.74% as of June 30, 2023, down from 448.16% a year earlier[234]. - Nonperforming loans increased by $23.7 million to $33.6 million as of June 30, 2023, with significant increases in commercial and industrial loans and residential real estate loans[290]. - The ratio of nonperforming LHFI to total LHFI rose to 0.44% from 0.14% at the end of 2022, indicating a deterioration in loan performance[290]. - The total charge-offs for the six months ended June 30, 2023, were $5.04 million, compared to $4.59 million for the same period in 2022[302]. Expenses and Employee Costs - Noninterest expense for the three months ended June 30, 2023, increased by $14.7 million, or 33.4%, to $58.9 million compared to $44.2 million for the same period in 2022[242]. - Salaries and employee benefits rose by $7.2 million, primarily due to an increase in full-time equivalent employees from 841 to 1,017, with the BTH merger contributing 94 employees[243]. - Total noninterest expense increased by $28.7 million, or 33.0%, to $115.6 million for the six months ended June 30, 2023, compared to $86.9 million for the same period in 2022[270]. Mergers and Acquisitions - Total noninterest income rose to $15,636 thousand in Q2 2023, a 10.0% increase from $14,216 thousand in Q2 2022, primarily due to the merger with BTH[237]. - The BTH merger contributed $1.3 million in incentive compensation and 94 new full-time positions, impacting salaries and employee benefits expenses significantly[273]. - Intangible asset amortization expense rose by $2.0 million, primarily due to the core deposit intangible established with the BTH merger[245]. Liquidity and Capital - The common equity Tier 1 capital ratio was 11.01% as of June 30, 2023, compared to 10.93% at December 31, 2022[217]. - The company borrowed approximately $700.0 million to hold excess cash for contingency liquidity during the quarter ended June 30, 2023[220]. - The loan to deposit ratio was 89.8% at June 30, 2023, compared to 91.2% at December 31, 2022[330]. - The Company declared dividends of $0.30 per share, totaling $9.4 million for the period[333]. Economic and Market Conditions - Economic conditions are currently affected by record inflation and recessionary concerns, which have slowed the single-family housing market and impacted economic growth[349]. - Inflation has increased costs for goods, services, salaries, and occupancy, adversely affecting liquidity, earnings, and stockholders' equity[353]. Interest Rate Risk Management - The company’s interest rate risk management includes simulation models that estimate the impact of interest rate changes on net interest income and fair value of equity[344]. - The company has entered into interest rate swaps to mitigate interest rate risk in specific transactions, although it is not a regular practice[341]. - The Asset-Liability Management Committee regularly reviews the sensitivity of assets and liabilities to interest rate changes and adjusts strategies accordingly[342].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to __________ Commission file number 001-38487 Origin Bancorp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisd ...

Financial Performance - Net income for the year ended December 31, 2022, was $87.7 million, a decrease of 19.2% compared to $108.5 million in 2021[268]. - The return on average assets (ROAA) for 2022 was 1.01%, down from 1.45% in 2021, while the return on average equity (ROAE) decreased to 10.81% from 15.79%[268]. - Noninterest income decreased by $4.9 million, or 7.9%, to $57.3 million for the year ended December 31, 2022, driven by declines in mortgage banking revenue, limited partnership investment income, and other noninterest income[289]. - The company reported a comprehensive loss income of $(77.889) million for 2022, compared to a comprehensive income of $88.626 million in 2021[433]. - Basic earnings per common share decreased to $3.29 in 2022 from $4.63 in 2021, reflecting a decline of 29%[431]. Interest Income and Margin - Net interest income for 2022 was $275.3 million, an increase of $59.0 million compared to 2021, driven by increases in interest rates and average interest-earning assets[270]. - The fully tax-equivalent net interest margin (NIM) for 2022 was 3.42%, a 32 basis point increase from 3.10% in 2021[275]. - The net interest margin improved to 3.39% in 2022, compared to 3.06% in 2021[280]. - The company reported a net interest spread of 3.05% for 2022, up from 2.88% in 2021[278]. - Interest income from loans held for investment (LHFI) increased by $68.6 million in 2022, with commercial real estate and commercial and industrial loans contributing $26.4 million and $23.4 million, respectively[272]. Assets and Loans - Total assets increased to $8,686,231 thousand in 2022, up from $7,470,927 thousand in 2021, representing a growth of 16.3%[278]. - Loans receivable reached $5,952,737 thousand in 2022, up from $5,412,893 thousand in 2021, reflecting an increase of 10%[278]. - The loan portfolio grew to $7.09 billion at December 31, 2022, an increase of $1.86 billion, or 35.5%, with organic growth contributing $619.2 million[313]. - Total LHFI, excluding mortgage warehouse lines of credit, increased by $2.20 billion, or 47.8%, compared to December 31, 2021[313]. - The loan portfolio composition at December 31, 2022, included 78.8% in commercial and industrial loans, down from 82.3% in 2021[311]. Deposits and Liabilities - Total deposits rose by $1.21 billion to $7.78 billion at December 31, 2022, with $1.57 billion attributed to the BTH merger[309]. - Noninterest-bearing deposits grew to $2,422,132 thousand in 2022, compared to $1,905,045 thousand in 2021, indicating a growth of 27.1%[278]. - Total interest-bearing liabilities increased to $5,303,632 thousand in 2022, compared to $4,742,835 thousand in 2021, marking a rise of 11.8%[278]. - The estimated total amount of uninsured deposits increased to $4.19 billion at December 31, 2022, from $3.79 billion in 2021[356]. - Average deposit balance for the year ended December 31, 2022, was $7.105 billion, an increase of $951.8 million, or 15.5%, from $6.153 billion in 2021[353]. Expenses and Provisions - Total noninterest expense rose by $43.6 million, or 27.8%, to $200.4 million, primarily due to increases in salaries and employee benefits, merger-related expenses, and intangible asset amortization[299]. - The provision for credit loss expense increased by $35.5 million to $24.7 million for the year ended December 31, 2022, primarily due to the merger with BTH, which accounted for a $14.9 million provision for loan credit losses[285]. - The allowance for loan credit losses increased by $22.6 million, or 35.0%, to $87.2 million at December 31, 2022, from $64.6 million at December 31, 2021[334]. - The provision for loan credit losses was $21.6 million for the year ended December 31, 2022, compared to a negative provision of $10.8 million in 2021[336]. - Total noninterest expense increased to $200,419 thousand in 2022, compared to $156,779 thousand in 2021, an increase of 27.8%[430]. Mergers and Acquisitions - The merger with BTH resulted in the acquisition of $1.24 billion in loans and $1.57 billion in deposits, significantly impacting net interest income and interest expense categories[269]. - The company recognized goodwill of approximately $94.5 million from the acquisition of BT Holdings, Inc. and its subsidiary on August 1, 2022[418]. - Total assets acquired in the BTH merger amounted to $1,846,598, while total liabilities assumed were $1,633,340[441]. - The company assumed BTH deposits totaling $1.57 billion during the merger on August 1, 2022[349]. - The company recorded a $23.9 million allowance for BTH loans at December 31, 2022[334]. Capital and Regulatory Compliance - Stockholders' equity increased by $219.7 million to $949.9 million at December 31, 2022, driven by $306.3 million related to the BTH merger and $87.7 million in net income[310]. - The company was in compliance with all applicable regulatory capital requirements as of December 31, 2022, and was classified as "well capitalized" by the Federal Reserve[384]. - Common equity Tier 1 capital to risk-weighted assets increased to $906.9 million (10.93%) as of December 31, 2022, compared to $681.0 million (11.20%) in 2021[386]. - Total capital to risk-weighted assets decreased to $1.18 billion (14.23%) in 2022 from $897.5 million (14.77%) in 2021[386]. - The company completed an offering of $70.0 million in aggregate principal amount of 4.25% fixed-to-floating rate subordinated notes due 2030, qualifying as Tier 2 capital[365]. Economic Conditions and Risk Management - Economic conditions are currently affected by record inflation and recessionary concerns, impacting growth prospects and borrower performance[396]. - The Federal Reserve increased the federal funds target rate range seven times during 2022, from 25 to 450 basis points, impacting the company's comprehensive loss[398]. - The company manages interest rate risk through a committee that reviews asset and liability sensitivity to interest rate changes regularly[390]. - The company has entered into interest rate swaps to mitigate interest rate risk in limited circumstances[389]. - Interest rate sensitivity analysis indicates that a 400 basis point increase in interest rates could lead to a 14.2% increase in net interest income[395].

Financial Data and Key Metrics Changes - The company reported its fourth quarter and full year 2022 earnings, with specific financial metrics detailed in the earnings press release [1] - Key financial indicators such as net income and earnings per share were discussed, highlighting the overall performance for the year [1] Business Line Data and Key Metrics Changes - The performance of various business lines was addressed, with specific metrics provided for each segment [1] - The company emphasized growth in certain areas while noting challenges in others, reflecting a mixed performance across its business lines [1] Market Data and Key Metrics Changes - The company provided insights into its market performance, including changes in market share and competitive positioning [1] - Specific metrics related to market trends and customer acquisition were highlighted, indicating areas of strength and potential improvement [1] Company Strategy and Development Direction - The management outlined the company's strategic initiatives for the upcoming year, focusing on growth and expansion in key markets [1] - Competitive landscape analysis was presented, detailing how the company plans to navigate industry challenges and capitalize on opportunities [1] Management's Comments on Operating Environment and Future Outlook - Management provided commentary on the current operating environment, discussing economic factors that may impact future performance [1] - The outlook for the upcoming quarters was cautiously optimistic, with expectations for continued growth despite potential headwinds [1] Other Important Information - Additional information regarding regulatory changes and their potential impact on the business was shared [1] - The company also discussed its commitment to sustainability and corporate responsibility initiatives [1] Q&A Session Summary Question: What are the expectations for growth in the next quarter? - Management indicated that they expect moderate growth, driven by strategic initiatives and market demand [1] Question: How is the company addressing competitive pressures? - The response highlighted ongoing efforts to enhance customer service and product offerings to maintain a competitive edge [1] Question: What are the key risks identified for the upcoming year? - Management acknowledged risks related to economic fluctuations and regulatory changes, emphasizing proactive risk management strategies [1]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number 001-38487 Origin Bancorp, Inc. Common Stock, par value $5.00 per share OBNK Nasdaq Global Select Market OR Title of Each Class Trading Symbol(s) Name of Exchange on which registered ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...

Financial Data and Key Metrics Changes - The company reported an adjusted ROA of 1.34% and adjusted ROE of 13.14% for the quarter [10] - The estimated tangible book value earn-back period was lowered to 1.6 years following the merger with BTH [8] - Net interest margin improved by approximately 40 basis points for the second consecutive quarter [10] Business Line Data and Key Metrics Changes - Organic loan growth for the quarter was strong, with loans growing by $215.3 million or 3.5% compared to the linked quarter, equating to a 14% annualized growth rate [13] - Non-interest-bearing deposits increased by $91.2 million or 3.5%, representing a 14% annualized growth [15] - Total deposits declined for the quarter due to a significant customer transaction and a strategic decision to allow some non-core funding to leave the bank [15] Market Data and Key Metrics Changes - The company enhanced its core presence in East Texas and the Dallas-Fort Worth markets following the BTH merger [9] - The cumulative total deposit beta was reported at 16%, while the cumulative NIM beta was at 40% [15] Company Strategy and Development Direction - The company aims to build long-term value and has taken major steps to strengthen its position moving forward [11] - The focus remains on relationship-based banking and capitalizing on growth opportunities in Texas, Louisiana, and Mississippi [13] - The company is committed to maintaining a unique corporate culture while pursuing profitable growth [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about core profitability and loan growth, despite potential economic headwinds [10][21] - The company anticipates additional net interest margin expansion, loan and deposit growth, and stability in credit metrics for the fourth quarter [33] - Management is closely monitoring the impact of inflation and potential recession on the loan portfolio [20][21] Other Important Information - The company reported total non-interest expense of $56.2 million, an increase of $12.1 million primarily due to merger-related expenses and increased salaries [27] - The company remains well-capitalized and is positioned to take advantage of future growth opportunities [28] Q&A Session Summary Question: Thoughts on the acquisition and changes in marks - Management noted that the deal metrics improved post-merger despite changes in the interest rate environment affecting EPS accretion [39][41] Question: Pipeline of deposit growth and expectations for the fourth quarter - Management indicated strong growth in non-interest-bearing deposits and a strategic focus on core deposits, particularly in East Texas [54] Question: Loan growth expectations for the fourth quarter and next year - Management expects low-double digit growth in loans for the fourth quarter and high-single digit growth for 2023, emphasizing strict underwriting standards [56][57] Question: Stability of the balance sheet and adjustments - Management anticipates ending the year around $9.8 billion in assets, with a focus on maintaining balance sheet stability [66] Question: Expense trajectory and cost savings - Management expects non-interest expenses to be between $57 million and $58 million for the fourth quarter, with mid-single digit increases anticipated for 2023 [67]

ORIGIN BANCORP, INC. 3Q TWENTY22 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" or the "Company") future financial performance, business and growth strategy, projected plans and objectives, including the Company's loan loss reserves and allowance for credit lo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to __________ Commission file number 001-38487 Origin Bancorp, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Origin Bancorp, Inc. (OBNK) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Chris Reigelman – Head of Investor Relations Drake Mills – Chairman, President and Chief Executive Officer Lance Hall – President and Chief Executive Officer, Origin Bank Jim Crotwell – Chief Risk Officer Steve Brolly – Chief Financial Officer Conference Call Participants Matt Olney – Stephens Kevin Fitzsimmons – D.A. Davidson Woody Lay – KBW Operator Good morning, ladies and gentlemen, and welcome to ...

ORIGIN BANCORP, INC. ORIGIN BANCORP, INC. _______ 2Q TWENTY22 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" or the "Company") future financial performance, business and growth strategy, projected plans and objectives, including the Company's loan loss reserve ...