ORIGIN BANCORP, INC. REPORTS EARNINGS FOR THIRD QUARTER 2026
Origin Bancorp, Inc. (OBK) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 For Immediate Release ORIGIN BANCORP, INC. REPORTS EARNINGS FOR THIRD QUARTER 2026 RUSTON, Louisiana (October 28, 2026) - Origin Bancorp, Inc. (TXSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net
How this was made
The 30-second read
Why it matters
The earnings beat and dividend hike provide fresh data for investors to reassess valuation and may trigger buying interest.
Market read
The new earnings and dividend information are material for traders focused on regional banks and could influence short‑term price action.
What to watch
Potential headwinds from rising interest expense and modest loan growth could temper long-term upside.
Origin Bancorp, Inc. reports third-quarter net income of $37.8 million, or $1.22 diluted EPS, as net interest income, noninterest income and NIM-FTE increased from the linked quarter.
Net income, diluted EPS, net interest income, NIM-FTE and annualized ROAA all increased from the linked quarter, while noninterest expense declined and nonperforming LHFI decreased. The main offsets were higher provision expense, net charge-offs and past-due loans.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net income, three months ended September 30, 2026GAAP | $37.78M | 11.6% | – |
| Diluted earnings per common share, three months ended September 30, 2026GAAP | $ 1.22 | – | – |
| Basic earnings per common share, three months ended September 30, 2026GAAP | $ 1.23 | – | – |
| PTPP earnings, three months ended September 30, 2026non-GAAP | $50.73M | – | – |
| Net interest income, three months ended September 30, 2026GAAP | $95.14M | 3.2% | – |
| Total interest and dividend income, three months ended September 30, 2026GAAP | $140.0M | – | – |
| Total interest expense, three months ended September 30, 2026GAAP | $44.90M | – | – |
| Provision for credit losses, three months ended September 30, 2026GAAP | $2.61M | – | – |
| Noninterest income, three months ended September 30, 2026GAAP | $18.08M | 17.5% | – |
| Noninterest expense, three months ended September 30, 2026GAAP | $62.49M | (3.0)%ართველ | – |
| Income before income tax expense, three months ended September 30, 2026GAAP | $48.13M | – | – |
| Income tax expense, three months ended September 30, 2026GAAP | $10.35M | – | – |
| NIM-FTE, three months ended September 30, 2026other | 3.94% | up two basis points | 29 basis points |
| NIM, three months ended September 30, 2026GAAP | 3.92 | – | – |
| Yield on interest-earning assets, three months ended September 30, 2026other | 5.76% | two-basis-point increase | down 13 basis points |
| Average rate paid on total interest-bearing liabilities, three months ended September 30, 2026other | 2.70% | three-basis-point increase | down 52 basis points |
| ROAA, annualized, three months ended September 30, 2026GAAP | 1.47% | increase of 12 basis points | – |
| PTPP ROAA, annualized, three months ended September 30, 2026non-GAAP | 1.97 | – | – |
| ROAE, annualized, three months ended September 30, 2026GAAP | 11.64% | – | – |
| ROATCE, annualized, three months ended September 30, 2026non-GAAP | 13.27 | – | – |
| Efficiency ratio, three months ended September 30, 2026other | 55.19% | – | – |
| Total LHFI, September 30, 2026GAAP | $8.09B | 0.3% | – |
| Total LHFI excluding mortgage warehouse lines of credit, September 30, 2026GAAP | $7.65B | 2.3% | – |
| Mortgage warehouse lines of credit, September 30, 2026GAAP | $439.7M | (25.4)% | (7.0)% |
| Total deposits, September 30, 2026GAAP | $8.67B | (0.3)% | – |
| Total securities, September 30, 2026GAAP | $1.15B | (1.1)% | – |
| Total borrowings, September 30, 2026GAAP | $15.38M | (88.8)% | – |
| Total subordinated indebtedness, September 30, 2026GAAP | $16.62M | 0.2% | – |
| Total shareholders’ equity, September 30, 2026GAAP | $1.26B | (1.4)% | – |
| Total assets, September 30, 2026GAAP | $10.11B | – | – |
| Total cash and cash equivalents, September 30, 2026GAAP | $347.1M | – | – |
| Allowance for loan credit losses, September 30, 2026GAAP | $98.38M | 0.2% | – |
| Total nonperforming LHFI, September 30, 2026GAAP | $72.46M | (7.7)% | – |
| Nonperforming assets, September 30, 2026GAAP | $75.10M | (5.3)% | – |
| Past due 30 to 89 days and still accruing, September 30, 2026GAAP | $10.31M | 98.1% | – |
| Net charge-offs, three months ended September 30, 2026GAAP | $2.66M | N/M | – |
| ALCL to nonperforming LHFI, September 30, 2026other | 135.77% | 10.72% | – |
| ALCL to total LHFI, September 30, 2026other | 1.22 | – | – |
| Nonperforming LHFI to LHFI, September 30, 2026other | 0.90 | (0.07) | – |
| Net charge-offs to total average LHFI, annualized, September 30, 2026other | 0.13 | 0.11 | – |
| Net income, nine months ended September 30, 2026GAAP | $99.32M | – | – |
| Diluted earnings per common share, nine months ended September 30, 2026GAAP | 3.19 | – | – |
| Net interest income, nine months ended September 30, 2026GAAP | $274.6M | – | – |
| Provision for credit losses, nine months ended September 30, 2026GAAP | $7.64M | – | – |
| Noninterest income, nine months ended September 30, 2026GAAP | $50.27M | – | – |
| Noninterest expense, nine months ended September 30, 2026GAAP | $190.7M | – | – |
| NIM-FTE, nine months ended September 30, 2026other | 3.86 | – | – |
| ROAA, annualized, nine months ended September 30, 2026GAAP | 1.31% | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
4Q26 outlook
- NoteNear term ROAA run rate target is 1.15% or higher by 4Q26.
Capital returns
- During the quarter ended September 30, 2026, repurchased 272,927 shares of common stock at an average price of $54.21 per share, including commissions and applicable excise taxes.
- $106.8 million remains available for share repurchases under the share repurchase program at September 30, 2026.
- In October 2026, the board approved an increase in the quarterly dividend from $0.25 to $0.28 per share, a 12% increase.
- Since the beginning of 2025, repurchased 1,106,466 shares at an average price of $42.97 per share, for a total of $47.5 million, including commissions and applicable excise taxes.
- Since the beginning of 2025, redeemed $143.6 million of subordinated debentures, including the amortization of the original issue discount and fair value mark.
- Since the beginning of 2025, declared $39.4 million in dividends to shareholders, excluding dividends declared in October 2026.
What drove it
- Net interest income increased by $2.9 million, or 3.2%, from the linked quarter, driven by a $4.3 million increase in interest income that was partially offset by a $1.4 million increase in interest expense.
- Higher average loan balances contributed $1.6 million to the increase in interest income on LHFI; one additional calendar day contributed $1.4 million and higher loan yields accounted for $648,000.
- Noninterest income increased by $2.7 million, or 17.5%, driven primarily by a $1.7 million increase in equity method investment income and a $452,000 increase in insurance commission and fee income.
- Noninterest expense decreased by $1.9 million, or 3.0%, primarily due to an $869,000 decrease in other expenses and a $543,000 decrease in professional services.
- Excluding mortgage warehouse lines of credit, LHFI increased $170.6 million, or 2.3%, led by construction/land/land development, owner-occupied commercial real estate loans and non-owner-occupied commercial real estate.
- Average deposits increased because average money market deposits increased by $217.0 million and average noninterest-bearing deposits increased by $80.0 million.
Concerns
- Provision for credit losses was $2.6 million, compared to $65,000 in the linked quarter, primarily due to new loan production and increased net loan charge-offs, offset by credit migration improvement.
- Net charge-offs were $2.7 million, an increase of $2.2 million from the linked quarter, reflecting lower recoveries and higher charge-offs.
- Past due 30 to 89 days and still accruing increased $5.1 million to $10.3 million and represented 0.13% of total LHFI, compared to 0.06% at June 30, 2026.
- Mortgage warehouse lines of credit decreased $150.0 million, or 25.4%, from June 30, 2026.
- Shareholders’ equity declined by $17.4 million from the linked quarter, mainly reflecting $35.6 million of other comprehensive loss, net of tax, $14.8 million in share repurchases and $7.9 million of dividends declared, partly offset by net income.
- The weighted average effective duration of the total securities portfolio was 4.65 years at September 30, 2026, compared to 4.08 years at June 30, 2026.
What to watch
- Progress toward the 1.15% or higher near-term ROAA run rate target by 4Q26.
- Whether net interest income and NIM-FTE continue to benefit from loan balances, asset yields, deposit costs and funding mix.
- The trajectory of past-due loans, net charge-offs, provision expense and credit migration.
- Loan growth excluding mortgage warehouse lines of credit and the scale of the mortgage warehouse portfolio.
- Deposit retention, money market deposit growth, borrowing needs and accumulated other comprehensive loss.
- Execution of the increased quarterly dividend and the remaining $106.8 million share-repurchase authorization.
Balance sheet and cash flow
- Total cash and cash equivalents were $ 347,082 at September 30, 2026, compared to $ 546,531 at June 30, 2026.
- Total deposits were $ 8,673,174 at September 30, 2026, compared to $ 8,703,251 at June 30, 2026.
- Average total deposits were $ 8,684,836 for the quarter ended September 30, 2026, compared to $ 8,463,422 for the linked quarter.
- Total borrowings were $ 15,377 at September 30, 2026, compared to $ 136,878 at June 30, 2026.
- Total shareholders’ equity was $ 1,263,687 at September 30, 2026, compared to $ 1,281,057 at June 30, 2026.
- Accumulated other comprehensive loss, net of taxes, was $96.4 million at September 30, 2026, an increase of $35.6 million, or 58.5%, from the linked quarter.
- Operating cash flow and free cash flow were not reported.
Analysis
Origin reported stronger linked-quarter profitability. Net income was $ 37,778 and diluted earnings per common share were $ 1.22, compared with $ 33,846 and $ 1.09, respectively, in the preceding quarter. PTPP earnings, a non-GAAP measure, increased to $ 50,731 from $ 43,181. Annualized ROAA improved to 1.47% from 1.35%, exceeding the company’s stated near-term ROAA run rate target of 1.15% or higher by 4Q26.
Core spread income improved as net interest income increased to $ 95,140 from $ 92,200 and NIM-FTE increased to 3.94% from 3.92. Higher average loan balances, one additional calendar day and higher loan yields drove the increase in loan interest income. Funding costs also rose, as the average rate paid on total interest-bearing liabilities increased to 2.70% from 2.67, while higher average money market balances were a principal contributor to deposit interest expense.
Fee-related and investment income contributed to the earnings increase. Noninterest income rose to $ 18,080 from $ 15,393, led by higher equity method investment income and insurance commission and fee income. Expense control also supported earnings, with noninterest expense declining to $ 62,489 from $ 64,412. The decline included a contingency-reserve release and lower consultant fees associated with contract renegotiations.
Balance-sheet mix shifted during the quarter. Total LHFI was $ 8,094,172, while LHFI excluding mortgage warehouse lines of credit increased to $ 7,654,495 from $ 7,483,871. Mortgage warehouse lines of credit declined to $ 439,677 from $ 589,706. Average deposits increased to $ 8,684,836, although period-end total deposits declined to $ 8,673,174 from $ 8,703,251. Borrowings declined sharply to $ 15,377 from $ 136,878 as seasonal liquidity borrowings in the linked quarter rolled off.
Credit indicators were mixed. Total nonperforming LHFI declined to $ 72,461 from $ 78,522, and the ALCL-to-nonperforming-LHFI ratio increased to 135.77% from 125.05%. However, past-due 30 to 89 days and still accruing rose to $ 10,308 from $ 5,203, while net charge-offs rose to $ 2,661 from $ 454 and the provision for credit losses increased to $ 2,606 from $ 65. Capital deployment remained active through repurchases, and the board approved a quarterly dividend increase to $0.28 per share in October 2026.
Management, verbatim
Our third quarter results reflect the discipline and commitment of our team and the progress we are making through Optimize Origin.
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.
Drake Mills, chairman, president and CEO of Origin Bancorp, Inc.
Not in the filing
stated, not guessed- Total revenue was not reported because Origin reports bank income statement line items rather than revenue.
- Gross margin was not reported.
- Operating income was not reported.
- Operating cash flow was not reported.
- Free cash flow was not reported.
- Company reportable segment revenue was not reported.
- A prior outlook section was not provided, so no comparison against prior guidance is available.
- GAAP and non-GAAP tax rates were not reported.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Origin Bancorp is a regional bank holding company that filed an 8‑K earnings release for Q3 2026.
Ticker impact
Origin Bancorp reported Q3 2026 earnings with net income of $37.8M, EPS $1.22 and raised its quarterly dividend to $0.28 per share.
likely upward pressure as investors price in stronger earnings and higher dividend.
The company delivered higher net income and EPS versus the prior quarter, increased dividend by 12%, and highlighted strong ROAA, which typically supports share price gains.
Market effects
Banking sector may see modest uplift as a regional bank demonstrates earnings resilience and dividend growth.
Limited to U.S. regional banking investors.
Low, confined to domestic banking investors.
Counterpoint
If the earnings beat is already priced in, the stock could face a short-term pullback.
Key entities
- ExecutiveDrake Mills
Chairman, President and CEO of Origin Bancorp who commented on the results.