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- **Tricolor Fraud Charge-Off**: Aggressively pursuing recovery of $28.4 million with uncertain timing.
- **Financial Momentum**: Q3 ROA 1.15%, NIM 3.65% with 2026 repricing tailwind.
- **Growth Priorities**: Texas/Southeast M&A disruption driving 2026 loan growth.
- **Capital Deployment**: Organic growth #1 priority over buybacks/M&A.
- **Fee Income**: Q4 10-15% YoY growth from swaps and Argent.

**【Management Opening Remarks】**
- Origin charged off $28.4 million related to Tricolor fraud, with $1.5 million in unfunded letters of credit also reserved.
- Tricolor fraud case highlights need for enhanced credit monitoring and collateral verification.
- 2025 Q3 NPA ratio at 1.18% (vs. 1.14% prior quarter), with 0.16% net charge-offs excluding Tricolor.
- 2025 Q3 ROA of 1.15% (pre-provision), up 48 bps YoY, driven by fee income growth and expense control.

**【CEO Strategic Response】**
- Aggressively pursuing recovery through bankruptcy process, though timing and extent uncertain.
- $31.4 million in total net charge-offs (including $3 million outside Tricolor).
- 2025 Q3 NIM of 3.65%, up 4 bps from prior quarter due to securities portfolio gains.
- 2025 Q4 NIM guidance of 3.65% ±3 bps, assuming 25 bps Fed rate cuts in Oct/Dec.

**【CFO Financial Performance】**
- 2025 Q3 EPS of $0.27, with $23.3 million in notable items impacting net income.
- Noninterest-bearing deposits up 8.6% QoQ to $1.1 billion, supporting liquidity.
- 2025 Q4 loan growth guidance of flat to low single digits due to elevated paydowns.
- 2025 year-end tangible book value growth of 10.9%.

**【Q&A Highlights】**
- NBFI exposure limited to 1.2% of loans, with no problem child loans.
- 2026 loan growth potential from M&A-driven disruption in Texas/Southeast.
- Capital deployment prioritizing organic growth over buybacks/M&A.
- 2025 Q4 fee income up 10-15% YoY, driven by swap activity and Argent integration.
- 2026 NIM tailwind from $300 million in repricing loans yielding 6.9-7.0%.


Origin Bancorp, Inc. (OBK) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

OBK

OBK fundamentals

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