Origin Bancorp, Inc. Reports Earnings for Second Quarter 2026

Origin Bancorp, Inc. (NYSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $33.8 million, or $1.09 diluted earnings per share (“EPS”) for the quarter ended June 30, 2026, compared to net income of $27.7 million, or $0.89 diluted EPS, for the quarter ended March 31, 2026. Pre-tax, pre-provision (“PTPP”)(1) earnings were $43.2 million for the quarter ended June 30, 2026, compared to $40.2 million for the linked quarter.

“This quarter’s results represent another meaningful step forward in the journey we began with Optimize Origin a year and a half ago,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “As we move through the remainder of 2026, our objectives remain clear. We will continue to execute on Optimize Origin, invest strategically across our footprint, attract exceptional talent, and appropriately deploy excess capital.”

(1) PTPP earnings is a non-GAAP financial measure, please see the last few pages of this document for a reconciliation of this alternative financial measure to its most directly comparable GAAP measure.

Optimize Origin

• In January 2025, we announced our Optimize Origin initiative to drive elite financial performance and enhance our award-winning culture, and it continues to be an important part of our corporate DNA.

• Built on three primary pillars:

◦ Productivity, Delivery & Efficiency

◦ Balance Sheet Optimization

◦ Culture & Employee Engagement

• As announced in our Fourth Quarter and Full Year 2025 Earnings Release, our near term ROAA run rate target is 1.15% or higher by 4Q26, as we continue towards our ultimate top quartile ROAA target.

Financial Highlights

• The Company delivered strong performance, and in some cases, record performance across numerous key financial metrics including, but not limited to, net income, net interest income, fully tax-equivalent net interest margin (“NIMFTE”), annualized ROAA, annualized ROAE, and book value per common share.

• Net income was $33.8 million for the quarter ended June 30, 2026, reflecting an increase of $6.2 million, or 22.2%, compared to the linked quarter.

• Our NIM-FTE increased 21 basis points to 3.92% for the quarter ended June 30, 2026, compared to the quarter ended March 31, 2026. Our net interest spread increased to 3.07%, or 18 basis points, compared to the linked quarter.

• Annualized ROAA was 1.35% for the quarter ended June 30, 2026, reflecting an increase of 24 basis points, compared to the quarter ended March 31, 2026.

• Total loans held for investment (“LHFI”) were $8.07 billion at June 30, 2026, reflecting an increase of $209.4 million, or 2.7%, compared to March 31, 2026. LHFI, excluding mortgage warehouse lines of credit, were $7.48 billion at June 30, 2026, reflecting an increase of $141.9 million, or 1.9%, compared to March 31, 2026. 1

• During the quarter ended June 30, 2026, we repurchased 217,034 shares of our common stock at an average price of $46.60 per share, including commissions and applicable excise taxes. Also, in July 2026, our board of directors approved a $100 million increase in repurchase authority under our current stock repurchase program, which expires in July 2028. As of the date of this release, $121.6 million remains available for share repurchases under the stock repurchase program.

• During April 2026, our board approved an increase in our quarterly dividend from $0.15 to $0.25 per share, a 67% increase, reflecting balance sheet strength and earnings durability.

Results of Operations for the Quarter Ended June 30, 2026

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended June 30, 2026, was $92.2 million, an increase of $5.0 million, or 5.7%, compared to the quarter ended March 31, 2026. The expansion in net interest income was primarily driven by a $4.4 million increase in interest income and a $529,000 decrease in interest expense.

The $4.4 million increase in interest income was primarily due to a $7.7 million increase in interest income on loans held for investment, partially offset by a $3.6 million decrease in interest income on interest-earning balances due from banks. The increase in interest income on loans held for investment was mainly driven by higher average loan balances, which contributed $5.1 million of the increase. An additional $1.3 million resulted from one additional calendar day during the current quarter, while the remaining $1.3 million was attributable to higher loan yields. The decrease in interest income on interestearning balances due from banks was primarily driven by lower average balances, which decreased to $309.5 million, from $714.0 million for the quarter ended March 31, 2026.

The $529,000 decrease in interest expense was primarily attributable to a $1.7 million decrease in interest expense on interest-bearing deposits, partially offset by a $1.2 million increase in interest expense on FHLB advances and other borrowings. The decrease in interest expense on interest-bearing deposits was primarily driven by lower average balances, which reduced interest expense on interest-bearing demand deposits by $1.0 million. Lower average balances and rates on time deposits decreased interest expense by $634,000. The increase in interest expense on FHLB and other borrowings was mainly attributable to higher average borrowing balances, which increased interest expense by approximately $841,000.

The Federal Reserve Board sets various benchmark rates, including the federal funds rate, and thereby influences the general market rates of interest, including loan and deposit rates offered by financial institutions. On October 29, 2025, and December 10, 2025, the Federal Reserve Board reduced the federal funds target rate range by 25 basis points each, to a range of 3.50% to 3.75%, and has maintained that target rate range.

Our NIM-FTE was 3.92% for the quarter ended June 30, 2026, up 21 basis points from the linked quarter and 31 basis points from the quarter ended June 30, 2025. The yield earned on interest-earning assets was 5.74%, representing an 18-basispoint increase and a 13-basis-point decrease compared to the linked quarter and the quarter ended June 30, 2025, respectively. The average rate paid on total interest-bearing liabilities was 2.67%, unchanged from the linked quarter and down 58 basis points compared to the quarter ended June 30, 2025.

Our results included a total provision for credit losses of $65,000 during the quarter ended June 30, 2026, compared to $5.0 million for the linked quarter, which includes the provision for loan credit losses, the off-balance sheet commitment credit losses and any provision for security credit losses. The decrease was primarily the result of reduced risk embedded in our loan portfolio at June 30, 2026, resulting in a net benefit provision for loan credit losses of $373,000 compared to a provision expense of $5.0 million during the linked quarter and lower net charge-offs during the current quarter. For the current quarter, we recorded reserves of $5.5 million related to new loan production which was primarily offset by $4.5 million and $1.6 million in reserve releases related to net credit migration and the reduction in historical loss factors within the CECL model, respectively. Net credit migration reflects the combined impact of loan risk rating changes, specific reserve adjustments, and loan balance movements, such as loan balance changes and payoffs.

The ALCL totaled $98.2 million at June 30, 2026, an $827,000 decrease compared to the ALCL as of March 31, 2026, and was 1.22% as a percentage of LHFI at June 30, 2026, compared to 1.26% at March 31, 2026.

Past due 30 to 89 days and still accruing decreased $12.4 million to $5.2 million at June 30, 2026, when compared to March 31, 2026, and represented 0.06% of total LHFI, compared to 0.22% as of March 31, 2026. The decrease of 30 to 89 days and still accruing past dues was primarily driven by the decreases of $7.6 million and $3.1 million in the single-family residential real estate and commercial real estate sectors, respectively.

Total nonperforming LHFI decreased $8.7 million at June 30, 2026, when compared to March 31, 2026. The decrease in nonperforming LHFI was driven by decreases in the sectors of commercial real estate, construction/land/land development and single-family residential real estate offset by an increase in commercial and industrial nonperforming LHFI.

Net charge-offs were $454,000 for the quarter ended June 30, 2026, reflecting a decrease of $2.3 million compared to the quarter ended March 31, 2026. The decrease was primarily due to a decrease of $1.5 million in charge-offs and an increase of $856,000 in recoveries, both the result of charge-offs/recoveries in commercial and industrial loans.

Noninterest Income

Noninterest income for the quarter ended June 30, 2026, was $15.4 million, a decrease of $1.4 million from the linked quarter, primarily driven by a decrease of $2.7 million in insurance commission and fee income, which was partially offset by a $905,000 decrease in equity method investment losses.

The $2.7 million decrease in insurance commission and fee income was primarily driven by seasonality in renewals and contingency fee income recognized in the first quarter.

The $905,000 decrease in equity method investment loss was primarily driven by downward adjustments in two limited partnership investments during the linked quarter, compared to smaller downward adjustments of $1.3 million in limited partnership investments recorded during the current quarter. Of the $1.3 million total downward adjustments during the quarter ended June 30, 2026, $985,000 was from one limited partnership investment. Argent investment income declined $1.1 million compared to the linked quarter.

The components of equity method investment (loss) income are as follows:

Noninterest Expense

Noninterest expense for the quarter ended June 30, 2026, was $64.4 million, an increase of $615,000, or 1.0% from the linked quarter. The increase was primarily due to an increase of $2.0 million in salaries and employee benefits expense, which was offset by decreases of $840,000 and $625,000 in professional services and other expense, respectively.

The $2.0 million increase in salaries and employee benefits was primarily attributed to an increase of $1.6 million in medical insurance expense, primarily due to favorable adjustments to prior estimates recognized during the linked quarter. Additionally contributing to the increase was a $549,000 increase in incentive compensation, including stock-based incentive compensation. These increases were slightly offset by a decrease of $416,000 primarily due to lower insurance commissions as a result of the seasonal decrease in revenue mentioned above.

The $840,000 decrease in professional services was primarily due to a decrease of $478,000 in expense related to the questioned banker activity previously disclosed. Also contributing to the decrease was a $280,000 decrease in consultant fees related to contract renegotiations that occurred during the linked period. Those negotiations, driven by our Optimize Origin initiative, resulted in meaningful reductions in electronic banking and data processing expenses during the current quarter.

The $625,000 decrease in other expense was primarily due to a $389,000 release of litigation reserve during the quarter ended June 30, 2026.

Financial Condition

Loans

• Total LHFI at June 30, 2026, were $8.07 billion, an increase of $209.4 million, or 2.7%, from $7.86 billion at March 31, 2026, and an increase of $389.1 million, or 5.1%, compared to June 30, 2025.

• Excluding mortgage warehouse lines of credit, LHFI increased $141.9 million, or 1.9%, from March 31, 2026. The increase was primarily driven by increases of $72.0 million, $57.3 million and $49.1 million in non-owner-occupied commercial real estate, construction/land/land development and owner-occupied commercial real estate loans, respectively. These increases were partially offset by a decrease of $31.5 million in commercial and industrial loans.

• Mortgage warehouse lines of credit at June 30, 2026, were $589.7 million, an increase of $67.4 million, or 12.9%, from $522.3 million at March 31, 2026, and an increase of $15.0 million, or 2.6%, compared to June 30, 2025.

Securities

• Total securities at June 30, 2026, were $1.16 billion, a decrease of $9.5 million, or 0.8%, from $1.17 billion at March 31, 2026, and an increase of $14.6 million, or 1.3%, compared to June 30, 2025.

• Accumulated other comprehensive loss, net of taxes, primarily associated with unrealized losses within the available for sale portfolio, was $60.8 million at both June 30, 2026 and March 31, 2026, and decreased $12.7 million, or 17.3%, from June 30, 2025.

• The weighted average effective duration for the total securities portfolio was 4.08 years as of June 30, 2026, compared to 4.14 years as of March 31, 2026.

Deposits

• Total deposits at June 30, 2026, were $8.70 billion, a decrease of $53.0 million, or 0.6%, compared to March 31, 2026, and an increase of $580.2 million, or 7.1%, from June 30, 2025. The decrease was primarily due to a $270.2 million decrease in public funds due to seasonality. Also contributing were decreases of $79.7 million and $59.7 million in other and consumer deposits, respectively. Offsetting these decreases was an increase of $356.7 million in business deposits.

• At June 30, 2026, and March 31, 2026, noninterest-bearing deposits as a percentage of total deposits were 26.0% and 23.6%, respectively. At June 30, 2025, noninterest-bearing deposits as a percentage of total deposits were 22.7%.

Borrowings

• FHLB advances and other borrowings at June 30, 2026, were $136.9 million, an increase of $124.3 million from $12.6 million at March 31, 2026, and an increase of $9.0 million, or 7.1% from June 30, 2025. The increase in the current quarter compared to the linked quarter is primarily due to an increase in FHLB short-term borrowings of $125.0 million used primarily to meet seasonal liquidity needs.

• Average FHLB advances were $140.9 million for the quarter ended June 30, 2026, an increase of $124.5 million from $16.4 million for the quarter ended March 31, 2026, and an increase of $28.9 million from June 30, 2025.

Subordinate debentures

• Total subordinated debentures at June 30, 2026, were $16.6 million, a decrease of $73.1 million, or 81.5%, compared to June 30, 2025, due to the redemption of $74.0 million in subordinated debentures during the quarter ended December 31, 2025, in conjunction with our Optimize Origin initiative.

Capital

• Total stockholders’ equity at June 30, 2026, was $1.28 billion, an increase of $20.8 million, or 1.6%, compared to March 31, 2026, and an increase of $75.3 million, or 6.2%, from June 30, 2025.

• Uses of regulatory capital since the beginning of 2025 consist of the following:

◦ Repurchased 833,539 shares of our common stock at an average price of $39.29 per share, for a total of $32.7 million, including commissions and applicable excise taxes. Also, in July 2026, our board of directors approved a $100 million increase in repurchase authority under our current stock repurchase program, which expires in July 2028. As of the date of this release, $121.6 million remains available for share repurchases under the stock repurchase program.

◦ Redeemed $143.6 million of subordinated debentures, including the amortization of the original issue discount and fair value mark.

◦ Declared $31.6 million in dividends to our stockholders, excluding dividends declared in July 2026.

Conference Call

Origin will hold a conference call to discuss its second quarter 2026 results on Thursday, July 23, 2026, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). To participate in the live conference call, please dial +1 (929) 272-1574 (U.S. Local / International 1); +1 (857) 999-3259 (U.S. Local / International 2); +1 (888) 700-7550 (U.S. Toll Free), enter Conference ID: 75275 and request to be joined into the Origin Bancorp, Inc. (OBK) call. A simultaneous audio-only webcast may be accessed via Origin’s website at www.origin.bank under the Investor Relations, News & Events, Events & Presentations link or directly by visiting https://dealroadshow.com/e/ORIGIN2Q26.

If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

About Origin

Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates more than 57 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, Alabama and the Florida Panhandle. In addition, Origin provides a broad range of insurance agency products and services through its wholly owned insurance agency subsidiary, Forth Insurance, LLC. For more information, visit www.origin.bank and www.forthinsurance.com.

Non-GAAP Financial Measures

Origin reports its results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). However, management believes that certain supplemental non-GAAP financial measures may provide meaningful information to investors that is useful in understanding Origin's results of operations and underlying trends in its business. These non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Origin's reported results prepared in accordance with GAAP. The following are the non-GAAP measures used in this release: PTPP earnings, PTPP ROAA, tangible book value per common share, and ROATCE.

Please see the last few pages of this release for reconciliations of non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc’s (“Origin”, “we”, “our” or the “Company”) future financial performance, business and growth strategies, projected plans and objectives, and any expected purchases of its outstanding common stock, and related transactions and other projections based on macroeconomic and industry trends, including changes to interest rates by the Federal Reserve and the resulting impact on Origin’s results of operations, estimated forbearance amounts and expectations regarding the Company’s liquidity, including in connection with advances obtained from the FHLB, which are all subject to change and may be inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such changes may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions and current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin’s control. Statements or statistics preceded by, followed by or that otherwise include the words “assumes,” “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “projects,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will,” and “would” and variations of such terms are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain factors that could affect Origin’s future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: (1) the impact of current and future economic conditions generally and in the financial services industry, nationally and within Origin’s primary market areas, including the impact of tariffs, as well as the financial stress on borrowers and changes to customer and client behavior as a result of the foregoing; (2) changes in benchmark interest rates and the resulting impacts on net interest income; (3) deterioration of Origin’s asset quality; (4) factors that can impact the performance of Origin’s loan portfolio, including real estate values and liquidity in Origin’s primary market areas; (5) the financial health of Origin’s commercial borrowers and the success of construction projects that Origin finances; (6) changes in the value of collateral securing Origin’s loans; (7) the impact of generative artificial intelligence; (8) Origin’s ability to anticipate interest rate changes and manage interest rate risk; (9) the impact of heightened regulatory requirements, reduced debit interchange and overdraft income and the possibility of facing related adverse business consequences if our total assets grow in excess of $10 billion as of December 31 of any calendar year; (10) the effectiveness of Origin’s risk management framework and quantitative models; (11) Origin’s inability to receive dividends from Origin Bank and to service debt, pay dividends to Origin’s common stockholders, repurchase Origin’s shares of common stock and satisfy obligations as they become due; (12) the impact of labor pressures; (13) changes in Origin’s operation or expansion strategy or Origin’s ability to prudently manage its growth and execute its strategy; (14) changes in management personnel; (15) Origin’s ability to maintain important customer relationships, reputation or otherwise avoid liquidity risks; (16) increasing costs as Origin grows deposits; (17) operational risks associated with Origin’s business; (18) significant turbulence or a disruption in the capital or financial markets and the effect of market disruption and interest rate volatility on our investment securities; (19) increased competition in the financial services industry, particularly from regional and national institutions, as well as from fintech companies; (20) compliance with governmental and regulatory requirements and changes in laws, rules, regulations, interpretations or policies relating to financial institutions; (21) periodic changes to the extensive body of accounting rules and best practices; (22) further government intervention in the U.S. financial system; (23) a deterioration of the credit rating for U.S. long-term sovereign debt; (24) Origin’s ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; (25) natural disasters and other adverse weather events, pandemics, acts of terrorism, war, and other matters beyond Origin’s control; (26) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; (27) fraud or misconduct by internal or external actors (including Origin employees); (28) cybersecurity threats or security breaches and the cost of defending against them; (29) Origin’s ability to maintain adequate internal controls over financial and non-financial reporting; and (30) potential claims, damages, penalties, fines, costs and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions. For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Origin’s most recent and future Annual Reports on Form 10-K filed with the Securities and Exchange Commission and any updates to those sections set forth in Origin’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin’s underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin’s behalf may issue. Annualized, pro forma, adjusted, projected, and estimated numbers are used for illustrative purposes only, are not forecasts, and may not reflect actual results.

This press release contains projected financial information with respect to Origin, including with respect to certain goals and strategic initiatives of Origin and the anticipated benefits thereof. This projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to significant business, economic (including interest rate), competitive, and other risks and uncertainties. Actual results may differ materially from the results contemplated by the projected financial information contained herein and the inclusion of such projected financial information in this release should not be regarded as a representation by any person that such actions will be taken or accomplished or that the results reflected in such projected financial information with respect thereto will be achieved.

Contact:

Investor Relations

Chris Reigelman, 318-497-3177, chris@origin.bank

Media Contact

Ryan Kilpatrick, 318-232-7472, rkilpatrick@origin.bank