Origin Bancorp, Inc. (NYSE: OBK) today announced net income of 29.5 million, or 0.95 diluted earnings per share (EPS), for the fourth quarter ended December 31, 2025. This marks a substantial increase from the 8.6 million, or 0.27 diluted EPS, reported in the third quarter of 2025. For the full year 2025, net income reached 75.2 million, or 2.40 diluted EPS.
Origin Bancorp shares were trading at approximately 41.78 per share in intraday trading, reflecting a gain of roughly 1.90%. The stock has experienced a recent upward trend, currently near its 52-week high of 42.86 and well above its 52-week low of 28.80.
Quarterly Performance Highlights
Net interest income for Q4 2025 was 86.7 million, an increase of 3.0 million, or 3.6%, from the previous quarter, achieving its highest recorded level. The fully tax-equivalent net interest margin (NIM-FTE) expanded by eight basis points to 3.73%, reaching its highest point since Q4 2022.
Total loans held for investment (LHFI) stood at 7.67 billion at December 31, 2025, representing a 1.8% increase, or 133.8 million, compared to September 30, 2025. Excluding mortgage warehouse lines of credit, LHFI increased by 78.0 million, or 1.1%, to 7.14 billion. Total deposits slightly decreased by 0.3%, or 24.6 million, to 8.31 billion. However, excluding a year-end sale and immediate repurchase of deposits, total deposits would have increased by 2.3%, or 190.4 million.
Full-Year and Year-over-Year Context
For the full year 2025, diluted EPS of 2.40 represented a 2.0% decrease from 2.45 in 2024. However, pre-tax, pre-provision (PTPP) earnings for the year increased by 35.5%, or 37.2 million, to 141.9 million compared to 2024. Net interest income for the year was 330.9 million, up from 300.3 million in 2024.
Credit Quality and Capital
The provision for credit losses significantly decreased to 3.2 million in Q4 2025 from 36.8 million in Q3 2025, primarily due to reduced impact from borrower fraud incidents. The allowance for loan credit losses to nonperforming LHFI was 119.21% at year-end. Book value per common share increased by 9.7% year-over-year to 40.28, and tangible book value per common share rose by 11.7% to 35.04 compared to December 31, 2024. The company repurchased 49,358 shares in Q4 2025 at an average price of 38.77 per share.
Analyst Activity
No analyst upgrades, downgrades, or price-target changes were immediately reported today in conjunction with this earnings announcement.
