Overview

* Origin Bancorp ( OBK ) Q3 net income falls 41% from prior qtr to $8.6 mln

* PTPP earnings rise 122% qtr/qtr, driven by Optimize Origin initiative

* Net interest income increases 1.9% qtr/qtr, reaching highest level in 10 qtrs

Outlook

* Origin Bancorp ( OBK ) targets greater than 1% ROAA run rate by 4Q25

* Company expects $6 mln annualized benefit from Argent Financial investment starting 4Q25

* Optimize Origin initiative aims for top quartile ROAA performance

Result Drivers

* OPTIMIZE ORIGIN INITIATIVE - Strategic actions under Optimize Origin drove PTPP earnings improvement, including branch consolidation and capital optimization

* NET INTEREST INCOME GROWTH - Increase in net interest income driven by improved funding mix and securities optimization

* EQUITY METHOD INVESTMENTS - Additional investment in Argent Financial led to fair value adjustment gain and increased equity method investment income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.27

Q3 Net $8.62

Income mln

Q3 Net $83.70

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Origin Bancorp Inc ( OBK ) is $43.00, about 20.4% above its October 21 closing price of $34.23

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)