Origin Bancorp, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
OBK$53.78+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income for the three and six months ended June 30, 2025 and 2024 (unaudited)
Consolidated Statements of Income
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest and dividend income | ||||
| Interest and fees on loans | $121,239 | $129,879 | $238,314 | $257,065 |
| Investment securities-taxable | 7,692 | 6,606 | 15,768 | 13,455 |
| Investment securities-nontaxable | 1,425 | 893 | 2,393 | 1,803 |
| Interest and dividend income on assets held in other financial institutions | 4,281 | 4,416 | 10,705 | 8,172 |
| Total interest and dividend income | 134,637 | 141,794 | 267,180 | 280,495 |
| Interest expense | ||||
| Interest-bearing deposits | 50,152 | 65,469 | 101,931 | 128,311 |
| FHLB advances and other borrowings | 1,216 | 514 | 1,312 | 1,032 |
| Subordinated indebtedness | 1,133 | 1,921 | 3,342 | 3,939 |
| Total interest expense | 52,501 | 67,904 | 106,585 | 133,282 |
| Net interest income | 82,136 | 73,890 | 160,595 | 147,213 |
| Provision for credit losses | 2,862 | 5,231 | 6,306 | 8,243 |
| Net interest income after provision for credit losses | 79,274 | 68,659 | 154,289 | 138,970 |
| Noninterest income | ||||
| Insurance commission and fee income | 6,661 | 6,665 | 14,588 | 14,390 |
| Service charges and fees | 4,927 | 4,862 | 9,643 | 9,550 |
| Other fee income | 2,809 | 2,404 | 5,110 | 4,651 |
| Mortgage banking revenue | 1,369 | 1,878 | 2,284 | 4,276 |
| Swap fee income | 1,435 | 44 | 1,968 | 101 |
| Loss on sales of securities, net | (14,448) | — | (14,448) | (403) |
| Change in fair value of equity investments | — | 5,188 | — | 5,188 |
| Limited partnership investment (loss) income | (1,909) | 68 | (3,601) | 206 |
| Other income | 524 | 1,356 | 1,426 | 1,761 |
| Total noninterest income | 1,368 | 22,465 | 16,970 | 39,720 |
| Noninterest expense | ||||
| Salaries and employee benefits | 38,280 | 38,109 | 76,011 | 73,927 |
| Occupancy and equipment, net | 7,187 | 7,009 | 15,731 | 13,654 |
| Data processing | 3,432 | 3,468 | 6,389 | 6,613 |
| Office and operations | 3,337 | 3,072 | 6,309 | 5,574 |
| Intangible asset amortization | 1,768 | 2,137 | 3,529 | 4,274 |
| Regulatory assessments | 1,345 | 1,842 | 2,737 | 3,576 |
| Advertising and marketing | 1,158 | 1,328 | 2,291 | 2,772 |
| Professional services | 1,285 | 1,303 | 2,535 | 2,534 |
| Electronic banking | 1,359 | 1,238 | 2,713 | 2,477 |
| Loan-related expense | 669 | 1,077 | 1,268 | 1,982 |
| Franchise tax expense | 688 | 815 | 1,363 | 1,292 |
| Other expense | 1,475 | 2,990 | 3,175 | 4,420 |
| Total noninterest expense | 61,983 | 64,388 | 124,051 | 123,095 |
Consolidated Statements of Income - Continued
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Income before income tax expense | 18,659 | 26,736 | 47,208 | 55,595 |
| Income tax expense | 4,012 | 5,747 | 10,150 | 11,974 |
| Net income | $14,647 | $20,989 | $37,058 | $43,621 |
| Basic earnings per common share | $0.47 | $0.68 | $1.19 | $1.41 |
| Diluted earnings per common share | 0.47 | 0.67 | 1.18 | 1.40 |
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