Here are 1-2 brief analogies to describe Origin Bancorp (OBK):

• It's like a smaller, community-focused version of a regional bank like US Bancorp or PNC Financial, concentrated in Louisiana, Mississippi, and Texas.
• Imagine a more localized Regions Financial, providing traditional banking services primarily to communities across Louisiana, Mississippi, and Texas.

• Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for individuals, businesses, and governmental entities.
• Lending Services: Provides a comprehensive suite of loan products including commercial, commercial real estate, construction and land development, residential mortgage, and consumer loans.
• Treasury Management Services: Delivers cash management, remote deposit capture, ACH origination, and wire transfer services to help businesses manage their finances.
• Wealth Management: Offers financial planning, investment management, and trust services tailored for individuals and businesses.

Drake Mills, Chairman, President, and Chief Executive Officer

Drake Mills has served as CEO of Origin Bancorp since 2008 and Chairman of the Board since 2012, having initially been appointed CEO of Origin Bank in 2003 and President of the company in 1998. With over 36 years in banking, he began his career at Origin Bank as a check file clerk and advanced through various roles, including in-house system night operator, branch manager, consumer loan officer, commercial lender, and Chief Financial Officer, before becoming President and Chief Operations Officer in 1996. Under his leadership, Origin Bank has achieved significant organic asset growth. Mills is a past Chairman of the Louisiana Bankers Association and served on the Community Depository Institutions Advisory Council to the Federal Reserve Bank of Dallas, where he was appointed President for a one-year term in 2013. He holds a B.S. in Finance from Louisiana Tech University and is a graduate of the Graduate School of Banking of the South.

Lance Hall, President and Chief Executive Officer of Origin Bank

Lance Hall was promoted to President and Chief Executive Officer of Origin Bank, the company's banking subsidiary, in January 2020. He has dedicated over 20-25 years to the organization, holding diverse positions such as Louisiana State President, Chief Strategy Officer, and Chief Operating Officer, overseeing the bank's operations, technology, strategic planning, and brand teams. Before joining Origin Bank, Hall spent four years at Regions Bank as a Credit Analyst and Commercial Relationship Manager. He earned a Bachelor of Business Administration in managerial finance from the University of Mississippi and is an alumnus of the Graduate School of Banking at Louisiana State University.

Wally Wallace, Chief Financial Officer

Wally Wallace serves as the Chief Financial Officer of Origin Bancorp and Origin Bank.

Stephen Brolly, Senior Executive Officer and Chief Accounting Officer

Stephen Brolly joined Origin Bancorp in January 2018 as Chief Financial Officer. Prior to this, he served as Chief Financial Officer of Fidelity Southern Corporation and its subsidiary, Fidelity Bank, for approximately ten years from 2006 to 2017. In this role, he managed equity and debt raising activities, strategic planning, budgeting, forecasting, and various financial and operational aspects related to acquisitions. Earlier in his career, he was Senior Vice President and Controller of Sun Bancorp, Inc. and Sun National Bank for seven years, where he oversaw financial reporting and accounting operations, including Sarbanes-Oxley and internal control compliance. Brolly began his professional journey in public accounting, spending 13 years at Deloitte & Touche.

Preston Moore, Senior Executive Officer, Chief Credit and Banking Officer

Preston Moore is the Chief Credit and Banking Officer and a Senior Executive Officer at Origin Bancorp.

The key risks to Origin Bancorp (OBK) include its significant exposure to commercial real estate, a material weakness in internal controls over financial reporting, and the broader impact of increased competition and economic uncertainty.

1. Significant Exposure to Commercial Real Estate (CRE) and Deteriorating Credit Quality: Origin Bancorp has a notable concentration in commercial real estate and acquisition, development, and construction (ADC) loans, which account for a substantial portion of its total risk-based capital. This exposure elevates the bank's vulnerability to market fluctuations and regulatory scrutiny. Analysts have highlighted that while strong earnings growth is projected, heavy exposure to CRE could compromise long-term credit quality or put pressure on capital if regional market conditions weaken. Furthermore, there has been an increase in nonperforming loans to total loans held for investment, rising to 0.81% as of September 30, 2024, up from 0.39% at the end of 2023, reflecting a growing risk of default amidst economic uncertainty.

2. Material Weakness in Internal Controls over Financial Reporting: Management of Origin Bancorp, in consultation with its independent registered accounting firm, identified a material weakness in its internal controls over financial reporting. This weakness relates to controls over employees' ability to initiate certain manual transfers between deposit accounts. While management believes this did not impact the consolidated financial statements, it is a significant control deficiency that requires remediation and will be detailed in an amended Annual Report on Form 10-K/A.

3. Increased Competition and Economic Uncertainty: Origin Bancorp faces heightened competition from fintech companies and larger regional banks, which is exerting pressure on its net interest margin. The economic landscape also presents uncertainty and potential recessionary pressures that could negatively impact borrower creditworthiness. Additionally, the bank's overall revenue and profitability trends have been mixed, with rising costs impacting net profits.

For Origin Bancorp (OBK), whose main products and services primarily fall under community banking within Texas, Louisiana, and Mississippi, the addressable market sizes for its key offerings in the United States are as follows:

• Community Banking: The U.S. community banking market was valued at approximately USD 6.35 billion in 2024, with a projected compound annual growth rate (CAGR) of 3.8%. Another estimate indicates the market size of community banking is expected to expand from USD 17.79 billion in 2024 to USD 19.39 billion in 2025, with a CAGR of 9.0%, and is projected to reach USD 26.98 billion by 2029.
• Commercial Lending: The global commercial lending market was valued at USD 9.7 trillion in 2023 and is projected to grow to USD 23.06 trillion by 2032, exhibiting a CAGR of 10.1%. North America is the largest market, with the U.S. accounting for approximately 75% of this market share. Separately, the U.S. Commercial Banking Market size is estimated at USD 226.44 billion in 2024 and is expected to reach USD 269.28 billion by 2029, growing at a CAGR of greater than 2%.
• Mortgage Lending: The U.S. home mortgage market size was valued at approximately USD 180.91 billion in 2023 and is predicted to grow to around USD 501.67 billion by 2032, with a CAGR of roughly 12.00% between 2024 and 2032. The broader U.S. home loan market stood at USD 2.29 trillion in 2025 and is forecasted to reach USD 3.02 trillion by 2030. Americans originated USD 1.69 trillion in new mortgage debt in 2024.
• Deposits: null
• Insurance Products (Personal and Commercial Property & Casualty): null

1. Loan Growth and Production: Origin Bancorp anticipates continued positive trends in loan production, with a particular focus on business loans. The company has seen accelerating loan originations, especially in its metro Texas markets and the newly established Southeast market. This organic loan growth is expected to be a primary contributor to an increase in interest income.
2. Deposit Growth and Favorable Funding Mix: The company is concentrating on attracting and growing deposits, particularly non-interest-bearing deposits. Recent quarters have shown strong deposit growth, which improves Origin Bancorp's funding mix and provides additional liquidity. This, in turn, supports net interest income expansion.
3. Net Interest Margin Expansion and Management: Origin Bancorp is actively working to expand its net interest margin (NIM). Strategies include bond portfolio optimization, which has already contributed to increased interest income from its securities portfolio, and careful management of deposit betas in response to interest rate changes. The company models potential margin recovery even with future Fed rate cuts.
4. "Optimize Origin" Initiative and Strategic Investments: This comprehensive initiative is designed to drive earnings improvement through various efficiency and growth measures. Key components include branch consolidation, headcount reduction, securities and capital optimization, and mortgage restructuring. Additionally, strategic investments in digital banking platforms, automation, data management, and artificial intelligence are aimed at enhancing customer acquisition, improving operational efficiency, and reducing expenses. The increased ownership in Argent Financial, resulting in equity method investment income, is also part of this strategy to boost non-interest income.
5. Expansion into Dynamic Geographic Markets: Origin Bancorp is strategically expanding its presence and driving value in key dynamic markets. Specific focus areas mentioned include the metro Texas markets (Dallas/Fort Worth, East Texas, Houston) and the new Southeast market, which encompasses South Alabama and the Florida Panhandle. This geographic expansion is expected to drive long-term value and customer growth.

Share Repurchases

• In July 2025, Origin Bancorp's board of directors approved a new $50.0 million stock repurchase program, replacing a previously existing plan.
• During the third quarter of 2025, the company repurchased 265,248 shares of its common stock at an average price of $35.85 per share.
• Year-to-date in 2025, Origin Bancorp repurchased a total of 401,647 shares of common stock at an average price of $34.59 per share.

Share Issuance

• Origin Bancorp completed the acquisition of BT Holdings, Inc. through a merger on August 1, 2022, which involved the issuance of up to 6,828,390 shares.
• The company filed a universal shelf registration statement, providing flexibility to offer various securities, including common and preferred stock, for potential future capital raising, acquisitions, or balance sheet initiatives.

Outbound Investments

• In August 2022, Origin Bancorp acquired BT Holdings, Inc. via a merger.
• Effective July 1, 2025, Origin Bancorp increased its ownership in Argent Financial to over 20%. This additional investment resulted in a $7.0 million fair value adjustment gain and $1.2 million in equity method investment income recorded in the third quarter of 2025.

Capital Expenditures

• Origin Bancorp has made targeted investments in digital banking platforms, automation, and data management, including strategic projects utilizing robotics and AI, to enhance operational efficiency, improve customer acquisition, and reduce expenses.
• The company has invested in technology, processes, and personnel to prepare for new regulatory environments and support long-term growth.
• In 2023, decisions were made to significantly improve the client experience through advancements in the company's digital platforms.