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Origin Bancorp, Inc. (OBK) is a financial holding company headquartered in Ruston, Louisiana, operating primarily through its wholly-owned bank subsidiary, Origin Bank. The company provides personalized relationship banking services to businesses, municipalities, and individuals across multiple states, including Texas, Louisiana, Mississippi, Alabama, and Florida. OBK offers a wide range of financial products and services, including loans, deposits, mortgage banking, and insurance solutions, tailored to meet the diverse needs of its clients.
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Net Interest Income - Generates revenue from interest earned on loans, securities, and interest-earning cash, offset by interest expenses on deposits and borrowings. This is the largest contributor to the company's revenue.
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Noninterest Income - Includes revenue from service charges, fees, insurance commissions, mortgage banking, and other fee-based services.
- Insurance Services - Offers commercial and personal property and casualty insurance products through its wholly-owned subsidiary, Forth Insurance, serving customers in Louisiana, Texas, Mississippi, Arkansas, and other states.
- Mortgage Banking - Engages in residential mortgage banking, primarily generating income from the sale of mortgage loans.
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Deposits - Provides a variety of deposit services, including checking, savings, money market accounts, and time deposits, sourced from individuals, small businesses, and municipalities.
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Other Banking Services - Offers internet banking, mobile applications, cash management, business credit cards, overdraft protection, direct deposit, safe deposit boxes, automatic account transfers, peer-to-peer electronic pay solutions, and personal financial management solutions.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Drake Mills ExecutiveBoard | Chairman of the Board | Chairman of Origin Bancorp, Inc. since 2012 ; he has also served as President since 1998 and as CEO of Origin Bank since 2008. | ||
Derek McGee Executive | Senior Executive Officer and Chief Legal Counsel | He has served as the Senior Executive Officer and Chief Legal Counsel at OBK since January 2022, overseeing all legal matters for the company and Origin Bank. Previously, he was a Partner at Fenimore Kay Harrison LLP from 2010 to 2021, contributing extensive legal and regulatory expertise. | ||
M. Lance Hall Executive | President and CEO of Origin Bank | M. Lance Hall is the President and CEO of Origin Bank since January 2020. He was previously President of Origin Bank starting in July 2018 and served as Louisiana State President from March 2013. Prior to his roles at Origin Bank, he worked at Regions Bank as a Credit Analyst and Commercial Relationship Manager. | View Report → | |
Preston Moore Executive | Senior Executive Officer and Chief Credit and Banking Officer | Preston Moore is the Senior Executive Officer and Chief Credit and Banking Officer at OBK since October 2019, previously serving as Houston Regional President starting November 2012. He brings over 42 years of banking experience with prior leadership roles at Encore Bancshares, Encore Bank, Amegy Bank of Texas, and J.P. Morgan Chase & Co. | ||
William Wallace Executive | Senior Executive Officer & Chief Financial Officer | William Wallace is the Senior Executive Officer & Chief Financial Officer at OBK since 2022. He has over 20 years of experience in financial services and previously served as Managing Director and Equity Research Analyst at Raymond James & Associates. |
- Given the revised mid-single digit loan growth outlook and mixed signals from the pipeline, can you elaborate on the specific contingency plans if macro uncertainties—such as tariff impacts and volatile input costs—further delay project closures?
- With your mortgage business restructuring forecasted to deliver an annual pretax earnings improvement of approximately $1.5 million starting in H2, what detailed assumptions drive this estimate, and how vulnerable is it to potential adverse market conditions?
- Considering the competitive pressure from aggressive CD offerings and the continued decline in deposit costs, how do you plan to sustain your deposit beta assumptions if the Fed enacts additional rate cuts beyond your current models?
- In light of efforts to optimize your loan portfolio—with $200 million in targeted reductions already achieved—and rising levels in past due and classified loans, what specific measures will management implement to safeguard credit quality and maintain a robust ROA run rate of 1% or greater by Q4?
- Regarding the Optimize Origin initiative, can you provide a clear breakdown between incremental savings that will boost the bottom line versus those earmarked for reinvestment, and how might delays in third-party benchmarks or adjustments in your 19.5% to above 20% ownership in Origin impact fee income projections?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
BT Holdings, Inc. | 2022 | Completed acquisition via merger executed on August 1, 2022, where BT Holdings, Inc. was merged into Origin Bancorp, Inc. The deal involved issuing up to 6,828,390 shares (plus conversion of outstanding options) valued at approximately $302.9 million based on a share price of $43.07, with subsequent operational integration and management board appointments to align the merged entities. |
Recent press releases and 8-K filings for OBK.
- Optimize Origin Strategy: The company is advancing its Optimize Origin plan, targeting an ROA run rate of 1% or greater by Q4 2025 and expecting annual pretax earnings improvement of about $1.5 million from the restructured mortgage business ( ).
- Financial Performance Highlights: Q1 2025 diluted EPS was $0.71, net interest margin expanded to 3.44%, and deposits showed modest growth alongside a decline in noninterest expense, reflecting effective cost management ( ).
- Capital Strength and Share Repurchase: The company reported a tangible book value growth with a TCE ratio at 10.6% and expressed plans for share buybacks and a potential sub-debt call of approximately $75 million to further enhance capital efficiency ( , ).
- Operational and Talent Initiatives: Emphasis was placed on strategic hiring, effective cost trimming, and maintaining strong loan and deposit growth despite macroeconomic headwinds ( , ).
- Net income reached $22.4 million with diluted EPS of $0.71 for Q1 2025, up from the previous quarter’s results.
- Pre-tax, pre-provision earnings improved to $32.0 million compared to $12.6 million in the linked quarter, signaling stronger performance.
- The company advanced its Optimize Origin initiative, targeting a ROAA above 1% by Q4 2025, and declared a $0.15 per share quarterly dividend.
- Q1 2025 earnings results will be released after market close on April 23, 2025, with a conference call scheduled for April 24, 2025 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
- The conference call will feature Chairman, President, and CEO Drake Mills, CFO William J. Wallace, IV, and President & CEO of Origin Bank Lance Hall to discuss the financial performance.
- Management identified a material weakness in internal controls over financial reporting related to manual transfers, impacting filings as of December 31, 2023 and several quarterly periods in early 2024.
- Management asserts the weakness did not affect the consolidated financial statements, with plans to address the issue in amended 10-K and 10-Q filings.