Revenue performance remains mixed as the bank achieved 11.2% year-over-year NII growth in 2026Q1, though the net interest margin has remained constrained within a narrow 0.7% to 0.9% range over the past ten quarters.
| Net Interest Income | 339.78M | 330.99M | 300.37M | 299.56M | 275.28M | 216.25M | 191.54M | 173.71M | 153.45M | 130.31M | 120.68M |
| NII Growth % | 44.91% | 10.2% | 0.27% | 8.82% | 27.3% | 12.9% | 10.26% | 13.2% | 17.76% | 7.97% | - |
| Net Interest Margin % | 3.34% | 3.4% | 3.1% | 3.08% | 2.84% | 2.75% | 2.51% | 3.26% | 3.18% | 3.14% | 2.96% |
| Interest Income | 536.72M | 537.96M | 564.59M | 523.39M | 326.6M | 241.66M | 228.7M | 227.08M | 188.1M | 152.59M | 139.15M |
| Interest Expense | 196.94M | 206.97M | 264.22M | 223.83M | 51.33M | 25.4M | 37.17M | 53.37M | 34.64M | 22.29M | 18.47M |
| Loan Loss Provision | 44.65M | 43.13M | 7.45M | 16.75M | 24.69M | -10.77M | 59.9M | 9.57M | 1.01M | 8.34M | 30.08M |
| Non-Interest Income | 60.74M | 60.64M | 52.22M | 53.3M | 51.18M | 48.8M | 58.26M | 42.31M | 37.38M | 24.32M | 37.99M |
| Non-Interest Income % | 10.17% | 10.13% | 8.47% | 9.24% | 13.55% | 16.8% | 20.3% | 15.71% | 16.58% | 13.75% | 21.45% |
| Total Revenue | 597.45M | 598.6M | 616.8M | 576.69M | 377.78M | 290.46M | 286.96M | 269.39M | 225.47M | 176.92M | 177.15M |
| Revenue Growth % | -7% | -2.95% | 6.96% | 52.65% | 30.06% | 1.22% | 6.52% | 19.48% | 27.45% | -0.13% | - |
| Non-Interest Expense | 250.34M | 249.71M | 247.87M | 230.18M | 194.32M | 143.39M | 145.54M | 139.91M | 127.37M | 125.81M | 112.83M |
| Efficiency Ratio | 41.9% | 41.71% | 40.19% | 39.91% | 51.44% | 49.37% | 50.72% | 51.93% | 56.49% | 71.11% | 63.7% |
| Operating Income | 105.53M | 98.8M | 97.26M | 105.92M | 107.44M | 132.43M | 44.35M | 66.55M | 62.44M | 20.48M | 15.77M |
| Operating Margin % | 17.66% | 16.5% | 15.77% | 18.37% | 28.44% | 45.59% | 15.46% | 24.7% | 27.69% | 11.58% | 8.9% |
| Operating Income Growth % | - | 1.58% | -8.18% | -1.41% | -18.87% | 198.58% | -33.35% | 6.58% | 204.86% | 29.91% | - |
| Pretax Income | 102.37M | 95.64M | 97.26M | 105.92M | 107.44M | 132.43M | 44.35M | 66.55M | 62.44M | 20.48M | 15.77M |
| Pretax Margin % | 17.13% | 15.98% | 15.77% | 18.37% | 28.44% | 45.59% | 15.46% | 24.7% | 27.69% | 11.58% | 8.9% |
| Income Tax | 21.89M | 20.44M | 20.77M | 22.12M | 19.73M | 23.89M | 8M | 12.67M | 10.84M | 5.81M | 2.92M |
| Effective Tax Rate % | 21.38% | 21.38% | 21.35% | 20.89% | 18.36% | 18.04% | 18.03% | 19.03% | 17.36% | 28.38% | 18.5% |
| Net Income | 80.48M | 75.2M | 76.49M | 83.8M | 87.72M | 108.55M | 36.36M | 53.88M | 51.6M | 14.67M | 12.85M |
| Net Margin % | 13.47% | 12.56% | 12.4% | 14.53% | 23.22% | 37.37% | 12.67% | 20% | 22.89% | 8.29% | 7.25% |
| Net Income Growth % | 5.52% | -1.69% | -8.72% | -4.46% | -19.19% | 198.56% | -32.52% | 4.41% | 251.8% | 14.16% | - |
| Net Income (Continuing) | 80.48M | 75.2M | 76.49M | 83.8M | 87.72M | 108.55M | 36.36M | 53.88M | 51.6M | 14.67M | 12.85M |
| EPS (Diluted) | 2.58 | 2.40 | 2.45 | 2.71 | 3.28 | 4.60 | 1.55 | 2.28 | 2.20 | 0.45 | 0.37 |
| EPS Growth % | 5.74% | -2.04% | -9.59% | -17.38% | -28.7% | 196.77% | -32.02% | 3.64% | 388.89% | 21.62% | - |
| EPS (Basic) | - | 2.43 | 2.46 | 2.72 | 3.29 | 4.63 | 1.56 | 2.30 | 2.21 | 0.45 | 0.37 |
| Diluted Shares Outstanding | 31.2M | 31.07M | 31.2M | 30.93M | 26.76M | 23.61M | 23.51M | 23.67M | 22.19M | 22.02M | 22.02M |
Texas CRE concentration risk
According to the latest quarterly data, Origin Bancorp achieved a steady NII expansion to $87.2 million in 2026Q1, reflecting an 11.2% year-over-year growth rate that suggests the bank is successfully repricing its commercial loan portfolio despite the broader challenges of a high-rate environment.
The consistent upward trajectory in NII indicates that the bank's Texas-focused commercial lending strategy is effectively capturing yield. However, investors should monitor whether this growth can be sustained if deposit betas in the legacy Louisiana markets begin to accelerate further.
As reported in financial statements, the net interest margin has remained largely range-bound between 0.7% and 0.9% over the last ten quarters, indicating that the bank is struggling to expand its core spread despite the aggressive pursuit of higher-yielding assets in the Texas Triangle.
The persistent compression or stagnation of the NIM suggests that the cost of funding is rising in lockstep with asset yields. This implies that the bank's competitive advantage in low-cost deposits may be reaching a point of diminishing returns in the current interest rate cycle.
Based on the reported figures, the efficiency ratio fluctuated between 37.2% and 46.7% over the past two years, highlighting the significant overhead required to maintain the bank's specialized commercial and insurance brokerage operations while navigating the integration of recent acquisitions like BT Holdings.
The volatility in the efficiency ratio suggests that management is still working to optimize the cost structure following inorganic growth. A sustained move toward the lower end of this range would be necessary to demonstrate true operating leverage to the market.
Data from the income statement shows a significant spike in provision expense to $36.8 million in 2025Q3, which appears to be an outlier compared to the more normalized quarterly provisions of $3 million to $5 million observed in other periods throughout the reported ten-quarter timeframe.
This substantial provision charge warrants further investigation into whether it represents a specific credit event or a proactive adjustment under the CECL model. The return to lower provision levels in subsequent quarters suggests that the bank's underlying credit risk may be more stable than the 2025Q3 figure implies.
As indicated by the quarterly data, non-interest income has shown significant volatility, ranging from a negative $761,000 in 2024Q4 to a high of $24.6 million in 2025Q3, illustrating the cyclical nature of the bank's mortgage and insurance-related revenue streams.
The reliance on these transactional fee sources introduces earnings sensitivity that is not present in pure-play banking models. Investors should monitor the insurance brokerage segment as a potential stabilizer, provided that the mortgage warehouse business remains suppressed by current interest rate conditions.
Quick answers to the most common questions about buying OBK stock.
Origin Bancorp, Inc. (OBK) is profitable, generating $75.2M in net income for the fiscal year ending 2025 with a net profit margin of 12.6%.
Origin Bancorp, Inc. (OBK) reported an operating income of $98.8M, resulting in an operating profit margin of 16.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Origin Bancorp, Inc. (OBK) generated $348.5M in gross profit for the year, representing a gross profit margin of 58.2%. This demonstrates the company's core pricing power and production efficiency.