Core Viewpoint - Origin Bancorp has underperformed compared to the S&P 500, raising questions about its investment potential and whether its current stock price reflects its business quality and fundamentals [1] Group 1: Financial Performance - Origin Bancorp's net interest income has increased at an annualized rate of 11.8% over the last five years, outperforming the broader banking industry and its total revenue growth [3] - The growth in net interest income is attributed to an increase in outstanding loans and net interest margin, which indicates the bank's earnings relative to its loan book [3] - For the next 12 months, Wall Street anticipates an improvement in Origin Bancorp's efficiency ratio, projecting it to be 60.8%, down from 69.6% in the past year, indicating better cost management [5] Group 2: Revenue Growth Concerns - Despite positive attributes, Origin Bancorp has experienced lackluster revenue growth, with an annualized revenue growth of only 1.6% over the last two years, which is below its five-year trend [6] - The recent slowdown in demand may reflect the impact of changing interest rates and market conditions on the company's performance [6] Group 3: Investment Considerations - Origin Bancorp's stock is currently trading at 0.9 times forward price-to-book value, suggesting potential for investment despite some uncertainties [9]

Core Insights - First Pacific Bank has expanded its presence in San Diego by opening a larger, upgraded full-service branch and regional office [1][3] - The new branch is designed to enhance the bank's ability to provide comprehensive financial solutions, including commercial lending and personalized banking services [3][4] - The expansion reflects the bank's commitment to relationship-based service and innovation, aiming to better serve local businesses and entrepreneurs [4][5] Company Overview - First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp and operates in major metropolitan areas including Los Angeles County, Orange County, the Inland Empire, and San Diego County [6] - The bank has been operational since 2006, focusing on personalized banking solutions for individuals, professionals, and small-to-medium sized businesses [6] - The new branch features a modern design in a LEED-certified building, emphasizing sustainability and comfort for both clients and employees [4][5]