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Midas Edge

Origin Bancorp, Inc.

For the period ended Sep 30, 2026. Filed Nov 6, 2026.

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, 2026 · Filed Nov 6, 2026

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, 2026 and 2025 (unaudited)

Consolidated Statements of Income

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Interest and dividend income
Interest and fees on loans$125,458$120,096$361,476$358,410
Investment securities-taxable8,8448,76726,65924,535
Investment securities-nontaxable1,6321,5234,6353,916
Interest and dividend income on assets held in other financial institutions4,1015,75314,28416,458
Total interest and dividend income140,035136,139407,054403,319
Interest expense
Interest-bearing deposits44,10851,026129,811152,957
FHLB advances and other borrowings5432731,9371,585
Subordinated indebtedness2441,1367224,478
Total interest expense44,89552,435132,470159,020
Net interest income95,14083,704274,584244,299
Provision for credit losses2,60636,8207,63643,126
Net interest income after provision for credit losses92,53446,884266,948201,173
Noninterest income
Insurance commission and fee income7,3356,59823,81521,186
Service charges and fees5,3244,96515,60914,608
Other fee income2,6392,2627,2557,372
Mortgage banking revenue5917262,0023,010
Swap fee income4021,3874883,355
Change in fair value of equity investments—6,972—6,972
Loss on sales of securities, net(30)—(29)(14,448)
Equity method investment income (loss), net1,059550(1,070)(3,051)
Other income7602,6682,1984,094
Total noninterest income18,08026,12850,26843,098
Noninterest expense
Salaries and employee benefits40,52137,863119,292113,874
Occupancy and equipment, net7,3227,07921,50722,810
Data processing3,8543,52611,6429,915
Office and operations3,0403,1849,1519,493
Professional services1,2661,3955,7243,930
Intangible asset amortization1,3331,5834,3025,112
Electronic banking9441,4703,3214,183
Advertising and marketing1,5161,5244,5263,815
Regulatory assessments1,1841,2693,8834,006
Loan-related expense7409792,6802,247
Other expense7692,1564,6706,694
Total noninterest expense62,48962,028190,698186,079
Income before income tax expense48,12510,984126,51858,192
Income tax expense10,3472,36127,20112,511
Net income$37,778$8,623$99,317$45,681
Basic earnings per common stock$1.23$0.28$3.22$1.46
Diluted earnings per common stock1.220.273.191.46

Consolidated Statements of Comprehensive Income

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net income$37,778$8,623$99,317$45,681
Other comprehensive income (loss)
Securities available for sale and transferred securities:
Net unrealized holding (losses) gains arising during the period(44,997)15,765(53,317)42,560
Reclassification adjustment for net loss included in net income30—2914,448
Change in the net unrealized (loss) gain on available for sale investment securities, before tax(44,967)15,765(53,288)57,008
Net loss realized as a yield adjustment in interest on transferred investment securities(3)(3)(8)(8)
Change in the net unrealized (loss) gain on investment securities, before tax(44,970)15,762(53,296)57,000
Income tax (benefit) expense related to net unrealized (loss) gain arising during the period(9,443)3,310(11,192)11,970
Change in the net unrealized (loss) gain on investment securities, net of tax(35,527)12,452(42,104)45,030
Cash flow hedges:
Reclassification adjustment for net gain included in net income(70)(70)(209)(209)
Income tax benefit related to reclassification adjustment on cash flow hedges(15)(15)(44)(44)
Change in cash flow hedges, net of tax(55)(55)(165)(165)
Other comprehensive (loss) income, net of tax(35,582)12,397(42,269)44,865
Comprehensive income$2,196$21,020$57,048$90,546

Consolidated Statements of Changes in Shareholders' Equity

Common Stock Issued and OutstandingCommonStockAdditional Paid-InCapitalRetainedEarningsAccumulated OtherComprehensiveLossTotalShareholders’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 forfeited6,28531(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

Consolidated Statements of Changes in Shareholders' Equity - Continued

(unaudited)

Common Stock Issued and OutstandingCommonStockAdditional Paid-InCapitalRetainedEarningsAccumulated Other Comprehensive LossTotalShareholders’Equity
Balance at January 1, 202630,952,428$154,762$533,541$612,523$(54,141)$1,246,685
Net income———27,693—27,693
Other comprehensive loss, net of tax————(6,703)(6,703)
Stock-based compensation expense——2,404——2,404
Stock-based compensation shares issued, net of shares withheld27,215136(729)——(593)
Exercise of stock options65,3193271,963——2,290
Dividends declared - common stock ($0.15 per share)———(4,669)—(4,669)
Repurchase of Common Stock(165,500)(828)(4,406)(1,598)—(6,832)
Balance at March 31, 202630,879,462154,397532,773633,949(60,844)1,260,275
Net income———33,846—33,846
Other comprehensive income, net of tax————1616
Stock-based compensation expense——2,516——2,516
Stock-based compensation shares issued, net of shares withheld69,737349(1,532)——(1,183)
Exercise of stock options68,0573401,800——2,140
Shares issued under employee stock purchase program50,1752511,180——1,431
Dividends declared - common stock ($0.25 per share)———(7,871)—(7,871)
Repurchase of common stock(217,034)(1,085)(5,778)(3,250)—(10,113)
Balance at June 30, 202630,850,397154,252530,959656,674(60,828)1,281,057
Net income———37,778—37,778
Other comprehensive loss, net of tax————(35,582)(35,582)
Stock-based compensation expense——2,577——2,577
Stock-based compensation shares issued, net of shares withheld7,35537(135)——(98)
Exercise of stock options18,00890515——605
Dividends declared - common stock ($0.25 per share)———(7,856)—(7,856)
Repurchase of common stock(272,927)(1,365)(7,264)(6,165)—(14,794)
Balance at September 30, 202630,602,833$153,014$526,652$680,431$(96,410)$1,263,687
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.