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Midas Edge

Origin Bancorp, Inc.

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

View on SEC.gov

About this filing

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.

Sep 30, 2025 · Filed Nov 5, 2025

OBK$53.78+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 2024 (unaudited)

Consolidated Statements of Income

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest and dividend income
Interest and fees on loans$120,096$133,195$358,410$390,260
Investment securities-taxable8,7676,53624,53519,991
Investment securities-nontaxable1,5239053,9162,708
Interest and dividend income on assets held in other financial institutions5,7533,62116,45811,793
Total interest and dividend income136,139144,257403,319424,752
Interest expense
Interest-bearing deposits51,02667,051152,957195,362
FHLB advances and other borrowings2734821,5851,514
Subordinated indebtedness1,1361,9204,4785,859
Total interest expense52,43569,453159,020202,735
Net interest income83,70474,804244,299222,017
Provision for credit losses36,8204,60343,12612,846
Net interest income after provision for credit losses46,88470,201201,173209,171
Noninterest income
Insurance commission and fee income6,5986,92821,18621,318
Service charges and fees4,9654,66414,60814,214
Other fee income2,2622,1147,3726,765
Mortgage banking revenue7261,1533,0105,429
Swap fee income1,3871063,355207
(Loss) gain on sales of securities, net—221(14,448)(182)
Change in fair value of equity investments6,972—6,9725,188
Equity method investment (loss) income550376(3,051)582
Other income2,6684274,0942,188
Total noninterest income26,12815,98943,09855,709
Noninterest expense
Salaries and employee benefits37,86338,491113,874112,418
Occupancy and equipment, net7,0796,29822,81019,952
Data processing3,5263,4709,91510,083
Office and operations3,1842,9849,4938,558
Intangible asset amortization1,5831,9055,1126,179
Regulatory assessments1,2691,7914,0065,367
Advertising and marketing1,5241,4493,8154,221
Professional services1,3952,0123,9304,546
Electronic banking1,4701,3084,1833,785
Loan-related expense9797512,2472,733
Franchise tax expense6867212,0492,013
Other expense1,4701,3414,6455,761
Total noninterest expense62,02862,521186,079185,616

Consolidated Statements of Income - Continued

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income before income tax expense10,98423,66958,19279,264
Income tax expense2,3615,06812,51117,042
Net income$8,623$18,601$45,681$62,222
Basic earnings per common share$0.28$0.60$1.46$2.00
Diluted earnings per common share0.270.601.462.00

Consolidated Statements of Comprehensive Income

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net income$8,623$18,601$45,681$62,222
Other comprehensive income
Securities available for sale and transferred securities:
Net unrealized holding gain arising during the period15,76542,22742,56033,974
Reclassification adjustment for net (gain) loss included in net income—(221)14,448182
Change in the net unrealized gain on available for sale investment securities, before tax15,76542,00657,00834,156
Net loss realized as a yield adjustment in interest on transferred investment securities(3)(2)(8)(8)
Change in the net unrealized gain on investment securities, before tax15,76242,00457,00034,148
Income tax expense related to net unrealized gain arising during the period3,3108,82111,9707,171
Change in the net unrealized gain on investment securities, net of tax12,45233,18345,03026,977
Cash flow hedges:
Net unrealized (loss) gain arising during the period—(198)—77
Reclassification adjustment for net gain included in net income(70)(111)(209)(329)
Change in the net unrealized loss on cash flow hedges, before tax(70)(309)(209)(252)
Income tax benefit related to net unrealized loss on cash flow hedges(15)(65)(44)(53)
Change in net unrealized loss on cash flow hedges, net of tax(55)(244)(165)(199)
Other comprehensive income, net of tax12,39732,93944,86526,778
Comprehensive income$21,020$51,540$90,546$89,000

Consolidated Statements of Changes in Stockholders' Equity

Common Shares OutstandingCommonStockAdditional Paid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveLoss (Income)TotalStockholders’Equity
Balance at January 1, 202430,986,109$154,931$528,578$500,419$(121,023)$1,062,905
Net income———22,632—22,632
Other comprehensive loss, net of tax————(3,886)(3,886)
Stock-based compensation expense——2,079——2,079
Stock-based compensation shares issued, net of shares withheld20,108101(286)——(185)
Exercise of stock options, net of shares withheld5,087259——34
Dividends declared - common stock ($0.15 per share)———(4,726)—(4,726)
Balance at March 31, 202431,011,304155,057530,380518,325(124,909)1,078,853
Net income———20,989—20,989
Other comprehensive loss, net of tax————(2,275)(2,275)
Stock-based compensation expense——1,688——1,688
Stock-based compensation shares issued, net of shares withheld37,064185(284)——(99)
Exercise of stock options, net of shares withheld3,6411863——81
Shares issued under employee stock purchase program56,6582831,103——1,386
Dividends declared - common stock ($0.15 per share)———(4,729)—(4,729)
Balance at June 30, 202431,108,667155,543532,950534,585(127,184)1,095,894
Net income———18,601—18,601
Other comprehensive income, net of tax————32,93932,939
Stock-based compensation expense——2,186——2,186
Stock-based compensation shares issued, net of shares withheld24,316122(367)——(245)
Exercise of stock options, net of shares withheld34,427172893——1,065
Dividends declared - common stock ($0.15 per share)———(4,767)—(4,767)
Balance at September 30, 202431,167,410$155,837$535,662$548,419$(94,245)$1,145,673

Consolidated Statements of Changes in Stockholders' Equity - Continued

(unaudited)

Common Shares OutstandingCommonStockAdditional Paid-InCapitalRetainedEarningsAccumulated Other Comprehensive Loss (Income)TotalStockholders’Equity
Balance at January 1, 202531,197,574$155,988$537,366$557,920$(106,029)$1,145,245
Net income———22,411—22,411
Other comprehensive income, net of tax————15,61815,618
Stock-based compensation expense——1,815——1,815
Stock-based compensation shares issued, net of shares withheld31,476157(734)——(577)
Exercise of stock options, net of shares withheld14,95675343——418
Dividends declared - common stock ($0.15 per share)———(4,753)—(4,753)
Balance at March 31, 202531,244,006156,220538,790575,578(90,411)1,180,177
Net income———14,647—14,647
Other comprehensive income, net of tax————16,85016,850
Stock-based compensation expense——2,067——2,067
Stock-based compensation shares issued, net of shares withheld55,731279(696)——(417)
Exercise of stock options, net of shares withheld2,8121470——84
Shares issued under employee stock purchase program58,5682931,219——1,512
Dividends declared - common stock ($0.15 per share)———(4,769)—(4,769)
Repurchase of common stock(136,399)(682)(3,631)(69)—(4,382)
Balance at June 30, 202531,224,718156,124537,819585,387(73,561)1,205,769
Net income———8,623—8,623
Other comprehensive income, net of tax————12,39712,397
Stock-based compensation expense——2,268——2,268
Stock-based compensation shares issued, net of shares withheld and forfeitures6,28531(107)——(76)
Exercise of stock options, net of shares withheld2,0131057——67
Dividends declared - common stock ($0.15 per share)———(4,782)—(4,782)
Repurchase of common stock(265,248)(1,326)(7,062)(1,122)—(9,510)
Balance at September 30, 202530,967,768$154,839$532,975$588,106$(61,164)$1,214,756
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.