secwatch.observer — SEC 8-K summary
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Issuer:     Origin Bancorp, Inc. (OBK)
CIK:        0001516912
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001516912-25-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Origin Bancorp Q1 net income $22.4M, EPS $0.71, up 57% QoQ; NIM expands 11bps
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- Net income $22.4M ($0.71 diluted EPS) vs $14.3M ($0.46) in Q4 2024, up 57% linked quarter.
- Pre-tax pre-provision earnings $32.0M vs $12.6M linked; ROAA annualized 0.93% vs 0.57%.
- NIM-FTE expanded 11bps to 3.44%; net interest income $78.5M, highest in eight quarters.
- Redeemed $70M subordinated debentures, expected $2.1M annual interest savings; Optimize Origin targets >1% ROAA run rate by 4Q25.
- $3.4M credit loss provision (vs $5.4M benefit linked); NPL ratio 1.07%; past due loans up $30.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000072/0001516912-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1516912/000151691225000072/obnk-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001516912-25-000072

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