secwatch.observer — SEC 8-K summary
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Issuer:     Origin Bancorp, Inc. (OBK)
CIK:        0001516912
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001516912-25-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Origin Bancorp Q4 net income $14.3M ($0.46 EPS); FY2024 EPS $2.45, down 9.6% YoY; declares $0.15 dividend
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- Net income Q4 $14.3M ($0.46 diluted EPS) vs $18.6M ($0.60) linked Q; FY2024 EPS $2.45, down 9.6% from $2.71.
- Pre-tax pre-provision earnings $12.6M Q4 vs $28.3M linked; FY2024 $104.7M, down 14.6% YoY.
- NIM-FTE expanded 15 bps to 3.33%; sold $188.2M securities at $14.6M loss; bond optimization expected to add 7 bps to NIM-FTE over 12 months.
- Credit: $5.4M provision benefit; nonperforming LHFI to LHFI 0.99% vs 0.81% linked; classified loans up $11.3M; questioned banker activity reserve increased.
- Quarterly dividend of $0.15 per share declared, payable Feb 28, 2025 to holders of record Feb 14, 2025; Optimize Origin initiative targets >1% ROAA by 4Q25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000008/0001516912-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000008/obnk-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001516912-25-000008

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