OBK

MKT CAP:$1B

Origin Bancorp, Inc.

Market Cap

$1B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$46.63+$8.99 (+23.88%)

Apr 24, 2026

Company Details

Origin Bancorp, Inc. operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers no...

CEO

Drake D. Mills

IPO Date

May 8, 2018

Website

www.origin.bank

Key Metrics TTM

Revenue

$449M

-26.4% YoY

Net Income

$80M

EPS (Diluted)

$2.58

Free Cash Flow

$149M

Revenue / Share

$14.40

Gross Margin

57.1%

Operating Margin

15.6%

Net Margin

17.9%

FCF Margin

33.1%

P/S

3.2x

P/E

17.8x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$0-100.0%EPS $0.89

FY 2025

Feb 25, 2026

$599M-3.0%EPS $2.40

Q4 2025

Feb 25, 2026

$151M+8.9%EPS $0.95

Q3 2025

Nov 5, 2025

$161M+0.8%EPS $0.27

Q2 2025

Aug 6, 2025

$137M-15.9%EPS $0.47

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$78M	$68M	$26M
Q3 22	$103M	$74M	$19M
Q4 22	$123M	$92M	$36M
Q1 23	$135M	$86M	$31M
Q2 23	$147M	$85M	$28M
Q3 23	$152M	$88M	$30M
Q4 23	$142M	$77M	$18M
Q1 24	$155M	$87M	$29M
Q2 24	$163M	$90M	$27M
Q3 24	$159M	$85M	$24M
Q4 24	$139M	$83M	$18M
Q1 25	$149M	$92M	$29M
Q2 25	$137M	$82M	$19M
Q3 25	$161M	$71M	$11M
Q4 25	$151M	$103M	$41M
Q1 26	$0	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	3.2x	9.6x
Q3 22	3.6x	13.8x
Q4 22	2.9x	12.7x
Q1 23	2.3x	10.9x
Q2 23	1.8x	10.0x
Q3 23	1.6x	8.8x
Q4 23	1.8x	12.7x
Q1 24	1.6x	11.4x
Q2 24	1.6x	12.0x
Q3 24	1.6x	13.2x
Q4 24	1.7x	13.4x
Q1 25	1.8x	14.2x
Q2 25	1.9x	15.9x
Q3 25	1.9x	18.2x
Q4 25	2.0x	15.9x
Q1 26	2.8x	15.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$15M	$14M
Q2 22	$40M	$36M
Q3 22	$39M	$38M
Q4 22	$52M	$49M
Q1 23	$28M	$22M
Q2 23	$48M	$44M
Q3 23	$25M	$17M
Q4 23	$29M	$20M
Q1 24	$27M	$23M
Q2 24	$12M	$7M
Q3 24	$40M	$32M
Q4 24	$30M	$24M
Q1 25	$36M	$32M
Q2 25	$21M	$20M
Q3 25	$59M	$57M
Q4 25	$43M	$40M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$3M
Q3 22	$1M
Q4 22	$3M
Q1 23	$6M
Q2 23	$3M
Q3 23	$8M
Q4 23	$9M
Q1 24	$4M
Q2 24	$5M
Q3 24	$7M
Q4 24	$5M
Q1 25	$3M
Q2 25	$1M
Q3 25	$3M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+11.5%	+46.2%
Q3 22	+48.2%	+131.1%
Q4 22	+64.6%	+108.5%
Q1 23	+84.4%	+121.0%
Q2 23	+87.6%	+128.4%
Q3 23	+47.6%	+45.2%
Q4 23	+15.2%	+43.1%
Q1 24	+14.7%	+20.6%
Q2 24	+11.2%	+14.6%
Q3 24	+4.7%	+11.1%
Q4 24	-2.1%	-2.8%
Q1 25	-3.7%	-4.3%
Q2 25	-15.9%	-13.0%
Q3 25	+0.8%	+10.3%
Q4 25	+8.9%	-8.5%
Q1 26	-100.0%	-100.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$737.0K	1.0%
Q2 22	$842.0K	1.1%
Q3 22	$969.0K	0.9%
Q4 22	$901.0K	0.7%
Q1 23	$1M	1.0%
Q2 23	$1M	0.8%
Q3 23	$1M	0.9%
Q4 23	$1M	1.0%
Q1 24	$2M	1.3%
Q2 24	$2M	1.0%
Q3 24	$2M	1.4%
Q4 24	$1M	0.9%
Q1 25	$2M	1.2%
Q2 25	$2M	1.5%
Q3 25	$2M	1.4%
Q4 25	$2M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$27M	$859.0K
Q3 22	$32M	$1M
Q4 22	$41M	$2M
Q1 23	$34M	$1M
Q2 23	$35M	$1M
Q3 23	$35M	$1M
Q4 23	$36M	$2M
Q1 24	$36M	$1M
Q2 24	$38M	$1M
Q3 24	$38M	$1M
Q4 24	$36M	$2M
Q1 25	$38M	$1M
Q2 25	$38M	$1M
Q3 25	$38M	$2M
Q4 25	$37M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$324M	$1.8B	$2.1B
Q3 22	$300M	$1.7B	$2.0B
Q4 22	$359M	$1.6B	$2.0B
Q1 23	$825M	$1.6B	$2.4B
Q2 23	$466M	$1.5B	$2.0B
Q3 23	$305M	$1.3B	$1.6B
Q4 23	$280M	$1.3B	$1.5B
Q1 24	$292M	$1.2B	$1.5B
Q2 24	$288M	$1.2B	$1.4B
Q3 24	$321M	$1.2B	$1.5B
Q4 24	$470M	$1.1B	$1.6B
Q1 25	$486M	$820M	$1.3B
Q2 25	$334M	$775M	$1.1B
Q3 25	$627M	$756M	$1.4B
Q4 25	$73M	$31M	$104M
Q1 26	$91M	$31M	$122M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	24M	+0.1%	+0.8%
Q3 22	28M	+19.7%	+20.6%
Q4 22	31M	+8.4%	+30.7%
Q1 23	31M	+0.0%	+29.9%
Q2 23	31M	-0.0%	+29.8%
Q3 23	31M	+0.2%	+8.6%
Q4 23	31M	+0.2%	+0.4%
Q1 24	31M	+0.3%	+0.6%
Q2 24	31M	+0.2%	+0.8%
Q3 24	31M	+0.3%	+1.0%
Q4 24	31M	+0.2%	+1.0%
Q1 25	31M	+0.3%	+1.1%
Q2 25	31M	-0.3%	+0.6%
Q3 25	31M	+0.1%	+0.4%
Q4 25	31M	-0.9%	-0.8%
Q1 26	31M	+0.4%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$134.9K	1K
Q1 25	$144.8K	1K
Q2 25	$133.1K	1K
Q3 25	$155.9K	1K
Q4 25	$153.2K	988
Q1 26	$0	988

Revenue / Employee