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obnk-20210728

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

July 28, 2021

ORIGIN BANCORP, INC.

(Exact name of Registrant as specified in its charter)

Louisiana

001-38487

72-1192928

(State or other jurisdiction of incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

500 South Service Road East

Ruston, Louisiana 71270


(Address of principal executive offices including zip code)

(318) 255-2222


(Registrant's telephone number, including area code)

Not Applicable


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $5.00 per share

OBNK

Nasdaq Global Select Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨


ITEM 2.02			Results of Operations and Financial Condition

On July 28, 2021, Origin Bancorp, Inc. (the "Registrant") issued a press release announcing its second quarter 2021 results of operations. A copy of the press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.

On Thursday, July 29, 2021, at 8:00 a.m. Central Time, the Registrant will host an investor conference call and webcast to review its second quarter 2021 financial results. The webcast will include presentation materials, which consist of information regarding the Registrant's results of operations and financial performance. The presentation materials will be posted on the Registrant's website on July 28, 2021. The presentation materials are attached hereto as Exhibit 99.2, which is incorporated herein by reference.

As provided in General Instructions B.2 to Form 8-K, the information furnished in Item 2.02, Exhibit 99.1 and Exhibit 99.2 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


ITEM 8.01			Other Events

On July 28, 2021, the Registrant issued a press release announcing that the board of directors of the Registrant declared a quarterly cash dividend of $0.13 per share of its common stock. The cash dividend will be paid on August 31, 2021, to stockholders of record as of the close of business on August 20, 2021. The press release is attached to this report as Exhibit 99.3, which is incorporated herein by reference.


ITEM 9.01			Financial Statements and Exhibits
(d)			Exhibits.
Exhibit 99.1			Press release, dated July 28, 2021, announcing second quarter earnings
Exhibit 99.2			Presentation materials
Exhibit 99.3			Press release, dated July 28, 2021, announcing quarterly dividend
Exhibit 104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Dated: July 28, 2021						ORIGIN BANCORP, INC.

						By: /s/ Stephen H. Brolly
						Stephen H. Brolly
						Chief Financial Officer

Document

Exhibit 99.1

For Immediate Release

https://cdn.kscope.io/31fc1823a08481ac91f8b2a20a438051-obnklogoa52.jpg

ORIGIN BANCORP, INC. REPORTS EARNINGS FOR SECOND QUARTER 2021

RUSTON, Louisiana (July 28, 2021) - Origin Bancorp, Inc. (Nasdaq: OBNK) ("Origin" or the "Company"), the holding company for Origin Bank (the "Bank"), today announced record net income of $27.7 million for the quarter ended June 30, 2021. This represents an increase of $2.2 million from the quarter ended March 31, 2021, and an increase of $22.8 million from the quarter ended June 30, 2020. Diluted earnings per share for the quarter ended June 30, 2021, were $1.17, up $0.09 from the linked quarter and up $0.96 from the quarter ended June 30, 2020. Pre-tax, pre-provision earnings for the quarter were $28.9 million, a decrease of 12.3% on a linked quarter basis, and a 6.5% increase on a prior year quarter basis.

“Origin delivered strong second quarter results hitting another all-time quarterly net income high” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “Our capital and reserve levels reflect a very strong balance sheet and our employees remain focused on continuing to build long-term value for all of our stakeholders."

Financial Highlights

•Net income was $27.7 million for the quarter ended June 30, 2021, achieving another all-time quarterly high compared to $25.5 million for the linked quarter and $5.0 million for the quarter ended June 30, 2020.

•Net interest income was $54.3 million for the quarter ended June 30, 2021, compared to $55.2 million for the linked quarter and $46.3 million for the quarter ended June 30, 2020.

•Credit loss provision was a net benefit of $5.6 million for the quarter ended June 30, 2021, compared to a provision expense of $1.4 million for the linked quarter and $21.4 million for the quarter ended June 30, 2020.

•Cost of total deposits was 0.22% for the quarter ended June 30, 2021, compared to 0.26% for the linked quarter and 0.54% for the quarter ended June 30, 2020.

•Annualized returns on average equity and average assets were 16.54% and 1.49%, respectively, for the quarter ended June 30, 2021, compared to 15.73% and 1.40%, respectively for the quarter ended March 31, 2021, and 3.23% and 0.31%, respectively, for the quarter ended June 30, 2020.

Results of Operations for the Three Months Ended June 30, 2021

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended June 30, 2021, was $54.3 million, a decrease of $947,000, or 1.7%, compared to the linked quarter. The decrease was primarily due to a $1.3 million decrease in interest income earned on the total loan portfolio offset by a $372,000 decrease in deposit costs. The decrease in interest income earned on the total loan portfolio was primarily driven by a $161.1 million decrease in the average balance of total loans caused primarily by a $142.6 million decrease in average mortgage warehouse lines of credit loan balances. The decrease in deposit costs was primarily due to a reduction in deposit rates. The average rate on time deposits decreased to 0.78% for the current quarter, down from 0.95% for the linked quarter. The average rate on interest-bearing deposits was 0.31% for the current quarter, down from 0.37% for the linked quarter.

The yield earned on interest-earning assets was 3.44%, a decrease of 14 basis points compared to the linked quarter and a 21 basis point decrease compared to the quarter ended June 30, 2020. Excluding PPP loans, the yield earned on interest-earning assets was 3.37%, a 14 basis point decrease compared to the linked quarter. The rate paid on total interest-bearing liabilities for the quarter ended June 30, 2021, was 0.53%, representing a decrease of four basis points and 36 basis points compared to the linked quarter and the quarter ended June 30, 2020, respectively.

The fully tax-equivalent net interest margin ("NIM") was 3.12% for the current quarter, a 10 basis point decrease from the linked quarter and a three basis point increase from the quarter ended June 30, 2020. Excluding PPP loans, the fully tax-equivalent NIM was 3.06%, a nine basis point decrease from the linked quarter. The primary driver of the NIM decrease was an increase in liquidity due to a shift in balance sheet composition. The average balance of interest-bearing balances due from banks increased $221.2 million during the quarter ended June 30, 2021, while the yield decreased by 11 basis points from the linked quarter.

Credit Quality

The table below includes key credit quality information:


	At and for the three months ended
(Dollars in thousands)	June 30, 2021			March 31, 2021			$ Change		% Change
Allowance for loan credit losses	$	77,104		$	85,136		$	(8,032)	(9.4)	%

Classified loans	83,427			95,321			(11,894)		(12.5)
Total nonperforming LHFI	30,502			33,358			(2,856)		(8.6)
Provision for credit losses	(5,609)			1,412			(7,021)		(497.2)
Net charge-offs	2,808			2,894			(86)		(3.0)
Credit quality ratios:

Allowance for loan credit losses to nonperforming LHFI	252.78		%	255.22		%	N/A		-244 bp
Allowance for loan credit losses to total LHFI	1.43			1.46			N/A		-3 bp
Allowance for loan credit losses to total LHFI excluding PPP and warehouse loans (1)	1.84			2.02			N/A		-18 bp

Nonperforming LHFI to LHFI	0.57			0.57			N/A		0 bp
Net charge-offs to total average LHFI (annualized)	0.20			0.21			N/A		-1 bp

___________________________

(1)Please see the Loan Data schedule at the back of this document for additional information.

The credit loss provision net benefit compared to the provision expense for the quarter ended March 31, 2021, was primarily due to a release of allowance of $5.6 million during the current quarter driven by continued improvement in forecasted economic conditions, at June 30, 2021. While economic forecasts have improved, uncertainty remains for the remainder of the 2021 year due to risks related to the resurgence or lingering effects of COVID-19, inflationary and labor pressures as well as continued supply-chain disruptions.

The Company's quarterly net charge-offs were stable with the linked quarter, and decreased $3.7 million compared to the quarter ended June 30, 2020. Classified loans declined $11.9 million at June 30, 2021, compared to March 31, 2021, and represented 1.66% as a percentage of LHFI, excluding PPP loans, and 9.53% as a percentage of total risk-based capital (at the Origin Bancorp, Inc. level) compared to 1.81% and 11.10%, respectively, at March 31, 2021.

Noninterest Income

Noninterest income for the quarter ended June 30, 2021, was $12.4 million, a decrease of $4.7 million, or 27.4%, from the linked quarter. The decrease from the linked quarter was primarily driven by decreases of $1.8 million, $1.7 million, $971,000 and $721,000 in mortgage banking revenue, gain on sales of securities, net, limited partnership investment income, and insurance commission and fee income, respectively, which was partially offset by a $554,000 increase in other noninterest income. The decreases in gain on sales of securities, net, limited partnership investment income, and insurance commission and fee income were primarily driven by linked quarter recorded income that was higher than the quarterly trends typically experienced.

The $1.8 million decrease in mortgage banking revenue is mainly due to a lower gain on sales of $2.7 million, due to a 25.3% decrease in sales volume and an 17.4% decrease in sales margin. This decline was partially offset by a $1.2 million increase in the impact of the mortgage pipeline valuation due to the increased market interest rates.

The $554,000 increase in other noninterest income was driven by a $349,000 increase in fair value option loans, securities and related swaps during the current quarter compared to the linked quarter. At June 30, 2021, the Company had $28.4 million of fair value option loans and securities, and swings in value quarter to quarter can be caused by changes in benchmark interest rates and curves, such as United States Treasury rates.

Noninterest Expense

Noninterest expense for the quarter ended June 30, 2021, was $37.8 million, a decrease of $1.6 million, compared to the linked quarter. The decrease from the linked quarter was largely driven by decreases of $1.7 million and $626,000 in other noninterest expense and regulatory assessments, respectively, which was partially offset by an increase of $449,000 in loan related expenses.

The $1.7 million decrease in other noninterest expense was due to a $1.6 million payment related to the early termination of long-term Federal Home Loan Bank ("FHLB") advances last quarter with no similar transaction during the quarter ended June 30, 2021.

The $626,000 decrease in regulatory assessments compared to the linked quarter was due to a $280,000 accrual release from the first quarter 2021 as a result of FDIC assessments.

The increase in loan related expenses was primarily due to an increase of $330,000 in loan-related legal fees and repossession costs recorded in conjunction with workout credits.

Financial Condition

Loans

•Total LHFI decreased $453.5 million compared to the linked quarter and increased $84.1 million compared to June 30, 2020.

•Mortgage warehouse lines of credit decreased $225.1 million compared to the linked quarter and increased $96.1 million compared to June 30, 2020.

•PPP loans, net of deferred fees and costs, totaled $369.9 million at June 30, 2021, a decrease of $214.2 million compared to the linked quarter. Net deferred loan fees and costs on PPP loans were $9.3 million at June 30, 2021.

•Average LHFI decreased $142.8 million, compared to the linked quarter, and increased $588.0 million compared to June 30, 2020.

Total LHFI at June 30, 2021, were $5.40 billion, reflecting a decrease of 7.8% compared to the linked quarter and an increase of 1.6%, compared to June 30, 2020. The decrease in LHFI compared to the linked quarter, was primarily driven by decreases in mortgage warehouse lines of credit and PPP loans, respectively. Higher mortgage interest rates during the period and a decline in mortgage refinancing activity were the largest drivers of the lower mortgage warehouse volumes from the abnormally high levels seen in the recent past. PPP loans have decreased primarily due to $230.2 million in PPP loan principal forgiveness experienced during the quarter. Total LHFI at June 30, 2021, excluding PPP and mortgage warehouse lines of credit, were $4.16 billion, reflecting a $14.1 million or 0.3% decrease compared to the linked quarter and an increase of $167.2 million, or 4.2% compared to June 30, 2020. During the quarter ended June 30, 2021, we proactively reduced $47.0 million of outstanding loan balances that were previously identified as work out credits.

Deposits

•Total deposits decreased $317.8 million compared to the linked quarter and increased $656.1 million compared to June 30, 2020.

•Brokered deposits decreased by $571.7 million and $490.9 million compared to the linked quarter and June 30, 2020, respectively.

•Average total deposits for the quarter ended June 30, 2021, increased by $373.9 million and $1.28 billion over the linked quarter and the quarter ended June 30, 2020, respectively.

Total deposits at June 30, 2021, were $6.03 billion, reflecting a decrease of 5.0% compared to the linked quarter and an increase of 12.2% compared to June 30, 2020. The decrease from the linked quarter was caused by a decrease in brokered deposits in response to funding needs during the quarter. The decrease was partially offset by a $187.2 million increase in deposits from business depositors.

Increases of $730.3 million and $267.7 million in deposits from business depositors and public funds, respectively, drove the increase in total deposits compared to June 30, 2020, which was offset by a $490.9 million decrease in brokered deposits.

For the quarter ended June 30, 2021, average noninterest-bearing deposits as a percentage of total average deposits was 29.4%, compared to 29.0% for the quarter ended March 31, 2021, and 31.8% for the quarter ended June 30, 2020.

Borrowings

•Average FHLB advances and other borrowings for the quarter ended June 30, 2021, decreased by $295.0 million and $408.3 million compared to the quarter ended March 31, 2021 and the quarter ended June 30, 2020, respectively.

PPP forgiveness payments continued, non-brokered deposits increased and warehouse loans declined during the quarter ended June 30, 2021, driving an increase in overall liquidity and reducing reliance on borrowings. Average FHLB advances and other borrowings decreased 52.9% and 60.8% for the quarter ended June 30, 2021, compared to the quarter ended March 31, 2021 and to the quarter ended June 30, 2020, respectively. During the quarter ended June 30, 2021, the Company decreased its short-term average FHLB advances to near zero from $278.1 million during the quarter ended March 31, 2021, primarily due to shifts in the composition of the balance sheet.

Stockholders' equity was $688.2 million at June 30, 2021, an increase of $31.9 million compared to $656.4 million at March 31, 2021, and an increase of $73.5 million compared to $614.8 million at June 30, 2020. The increase from the linked quarter was primarily due to net income and other comprehensive income, net of tax for the quarter of $27.7 million and $6.7 million, respectively, which was partially offset by the quarterly dividend declared during the quarter ended June 30, 2021. The increase from the June 30, 2020, quarter was primarily caused by net income retained during the intervening period.

Conference Call

Origin will hold a conference call to discuss its second quarter 2021 results on Thursday, July 29, 2021, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). To participate in the live conference call, please dial (844) 695-5516; International: (412) 902-6750 and request to be joined into the Origin Bancorp, Inc. (OBNK) call. A simultaneous audio-only webcast may be accessed via Origin's website at www.origin.bank under the Investor Relations, News & Events, Events & Presentations link or directly by visiting: https://services.choruscall.com/mediaframe/webcast.html?webcastid=agVFdi1L.

If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin's website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

About Origin Bancorp, Inc.

Origin is a financial holding company headquartered in Ruston, Louisiana. Origin's wholly owned bank subsidiary, Origin Bank, was founded in 1912. Deeply rooted in Origin's history is a culture committed to providing personalized, relationship banking to its clients and communities. Origin provides a broad range of financial services to businesses, municipalities, high net-worth individuals and retail clients. Origin currently operates 44 banking centers located from Dallas/Fort Worth and Houston, Texas across North Louisiana and into Mississippi. For more information, visit www.origin.bank.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin's future financial performance, business and growth strategy, projected plans and objectives, including the Company’s loan loss reserves and allowance for credit losses related to the COVID-19 pandemic and any expected purchases of its outstanding common stock, and related transactions and other projections based on macroeconomic and industry trends, including expectations regarding efforts to respond to the COVID-19 pandemic and changes to interest rates by the Federal Reserve and the resulting impact on Origin's results of operations, estimated forbearance amounts and expectations regarding the Company's liquidity, including in connection with advances obtained from the FHLB, which are all subject to change and may be inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such changes may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions and current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin's control. Statements or statistics preceded by, followed by or that otherwise include the words "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" or variations of such terms are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain factors that could affect Origin's future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the continuing duration and impacts of the COVID-19 global pandemic and continuing development and distribution of COVID-19 vaccines, as well as other efforts to contain the virus's transmission, including the effect of these factors and developments on Origin’s business, customers and economic conditions generally, as well as the impact of the actions taken by governmental authorities to address the impact of COVID-19 on the United States economy, including, any economic stimulus legislation; deterioration of Origin's asset quality; factors that can impact the performance of Origin’s loan portfolio, including real estate values and liquidity in Origin's primary market areas; the financial health of Origin's commercial borrowers and the success of construction projects that Origin finances; changes in the value of collateral securing Origin's loans; Origin’s ability to anticipate interest rate changes and manage interest rate risk; the effectiveness of Origin’s risk management framework and quantitative models; the risk of widespread inflation; Origin’s inability to receive dividends from Origin Bank and to service debt, pay dividends to Origin’s common stockholders, repurchase Origin’s shares of common stock and satisfy obligations as they become due; business and economic conditions generally and in the financial services industry, nationally and within Origin's primary market areas; changes in Origin’s operation or expansion strategy or Origin's ability to prudently manage its growth and execute its strategy; changes in management personnel; Origin's ability to maintain important customer relationships, reputation or otherwise avoid liquidity risks; increasing costs as Origin grows deposits; operational risks associated with Origin’s business; volatility and direction of market interest rates; increased competition in the financial services industry, particularly from regional and national institutions; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which Origin operates and in which its loans are concentrated; an increase in unemployment levels and slowdowns in economic growth; Origin's level of nonperforming assets and the costs associated with resolving any problem loans including litigation and other costs; the credit risk associated with the substantial amount of commercial real estate, construction and land development, and commercial loans in Origin's loan portfolio; changes in the laws, rules, regulations, interpretations or policies relating to financial institutions, and potential expenses associated with complying with such regulations, periodic changes to the extensive body of accounting rules and best practices; further government intervention in the U.S. financial system; compliance with governmental and regulatory requirements, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and others relating to banking, consumer protection, securities and tax matters; Origin's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; changes in the utility of Origin's non-GAAP liquidity measurements and its underlying assumptions or estimates; uncertainty regarding the future of the London Interbank Offered Rate and the impact of any replacement alternatives on Origin’s business; possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies and similar organizations; natural disasters and adverse weather events, acts of terrorism, an outbreak of hostilities, regional or national protests and civil unrest (including any resulting branch closures or property damage), widespread illness or public health outbreaks or other international or domestic calamities, and other matters beyond Origin’s control; and system failures, cybersecurity threats or security breaches and the cost of defending against them. For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections titled "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Origin's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any updates to those sections set forth in Origin's subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin's underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any forward-looking statements. Any forward-

looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Furthermore, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by, the COVID-19 pandemic and the impact of varying governmental responses that affect Origin's customers and the economies where they operate. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin's behalf may issue. Annualized, pro forma, adjusted, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

Contact:

Chris Reigelman, Origin Bancorp, Inc.

318-497-3177 / chris@origin.bank

Origin Bancorp, Inc.

Selected Quarterly Financial Data


	At and for the three months ended
	June 30, 2021			March 31, 2021			December 31, 2020			September 30, 2020			June 30, 2020

Income statement and share amounts	(Dollars in thousands, except per share amounts, unaudited)
Net interest income	$	54,292		$	55,239		$	51,819		$	50,617		$	46,290
Provision for credit losses	(5,609)			1,412			6,333			13,633			21,403
Noninterest income	12,438			17,131			15,381			18,051			19,076
Noninterest expense	37,832			39,436			38,884			38,734			38,220
Income before income tax expense	34,507			31,522			21,983			16,301			5,743
Income tax expense	6,774			6,009			4,431			3,206			786
Net income	$	27,733		$	25,513		$	17,552		$	13,095		$	4,957
Pre-tax, pre-provision ("PTPP") earnings (1)	$	28,898		$	32,934		$	28,316		$	29,934		$	27,146
Basic earnings per common share	1.18			1.09			0.75			0.56			0.21
Diluted earnings per common share	1.17			1.08			0.75			0.56			0.21
Dividends declared per common share	0.13			0.10			0.10			0.0925			0.0925
Weighted average common shares outstanding - basic	23,410,693			23,393,356			23,392,684			23,374,496			23,347,744
Weighted average common shares outstanding - diluted	23,604,566			23,590,430			23,543,917			23,500,596			23,466,326

Balance sheet data
Total LHFI	$	5,396,306		$	5,849,760		$	5,724,773		$	5,612,666		$	5,312,194
Total assets	7,268,068			7,563,175			7,628,268			7,101,338			6,643,909
Total deposits	6,028,352			6,346,194			5,751,315			5,935,925			5,372,222

Total stockholders' equity	688,235			656,355			647,150			627,637			614,781






Performance metrics and capital ratios
Yield on LHFI	4.00		%	4.03		%	3.89		%	4.02		%	4.09		%
Yield on interest earnings assets	3.44			3.58			3.47			3.64			3.65
Cost of interest bearing deposits	0.31			0.37			0.43			0.61			0.79
Cost of total deposits	0.22			0.26			0.31			0.42			0.54
Net interest margin, fully tax equivalent	3.12			3.22			3.07			3.18			3.09
Net interest margin, excluding PPP loans, fully tax equivalent (2)	3.06			3.15			3.17			3.28			3.15
Return on average stockholders' equity (annualized)	16.54			15.73			10.92			8.28			3.23
Return on average assets (annualized)	1.49			1.40			0.97			0.77			0.31
PTPP return on average stockholders' equity (annualized) (1)	17.23			20.30			17.61			18.92			17.67
PTPP return on average assets (annualized) (1)	1.55			1.81			1.57			1.77			1.69
Efficiency ratio (3)	56.69			54.49			57.86			56.41			58.47
Book value per common share	$	29.28		$	27.94		$	27.53		$	26.70		$	26.16
Tangible book value per common share (1)	28.01			26.66			26.23			25.39			24.84
Common equity tier 1 to risk-weighted assets (4)	11.03		%	10.16		%	9.95		%	9.93		%	10.35		%
Tier 1 capital to risk-weighted assets (4)	11.19			10.32			10.11			10.09			10.52
Total capital to risk-weighted assets (4)	14.85			13.92			13.79			12.48			12.91
Tier 1 leverage ratio (4)	8.87			8.67			8.62			9.19			9.10

____________________________

(1)PTPP earnings, PTPP return on average stockholders' equity, PTPP return on average assets and tangible book value per common share are non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, please see last two pages.

(2)Net interest margin, excluding PPP loans, fully tax equivalent is calculated by removing average PPP loans from average interest earning assets, and removing the associated interest income (net of 35 basis points assumed cost of funds on average PPP loan balances) from net interest income.

(3)Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.

(4)June 30, 2021, ratios are estimated and calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve Board.

Origin Bancorp, Inc.

Consolidated Quarterly Statements of Income


	Three months ended
	June 30, 2021		March 31, 2021		December 31, 2020		September 30, 2020		June 30, 2020

Interest and dividend income	(Dollars in thousands, except per share amounts, unaudited)
Interest and fees on loans	$	55,529	$	56,810	$	54,193	$	54,150	$	50,722
Investment securities-taxable	3,115		3,300		3,154		2,704		2,732
Investment securities-nontaxable	1,590		1,672		1,708		1,571		1,391
Interest and dividend income on assets held in other financial institutions	414		345		367		375		619
Total interest and dividend income	60,648		62,127		59,422		58,800		55,464
Interest expense
Interest-bearing deposits	3,417		3,789		4,582		5,698		6,620
FHLB advances and other borrowings	1,106		1,269		1,339		1,564		1,641
Subordinated debentures	1,833		1,830		1,682		921		913
Total interest expense	6,356		6,888		7,603		8,183		9,174
Net interest income	54,292		55,239		51,819		50,617		46,290
Provision for credit losses	(5,609)		1,412		6,333		13,633		21,403
Net interest income after provision for credit losses	59,901		53,827		45,486		36,984		24,887
Noninterest income
Service charges and fees	3,739		3,343		3,420		3,268		2,990
Mortgage banking revenue	2,765		4,577		6,594		9,523		10,717
Insurance commission and fee income	3,050		3,771		2,732		3,218		3,109
Gain on sales of securities, net	5		1,668		225		301		—

Loss on sales and disposals of other assets, net	(42)		(38)		(33)		(247)		(908)
Limited partnership investment income	801		1,772		368		130		9
Swap fee income	24		348		233		110		1,527

Other fee income	623		771		604		576		607
Other income	1,473		919		1,238		1,172		1,025
Total noninterest income	12,438		17,131		15,381		18,051		19,076
Noninterest expense
Salaries and employee benefits	22,354		22,325		22,475		22,597		24,045
Occupancy and equipment, net	4,349		4,339		4,271		4,263		4,267
Data processing	2,313		2,173		2,178		2,065		2,075
Electronic banking	989		961		942		954		890
Communications	514		415		449		422		419
Advertising and marketing	748		680		1,108		1,281		610
Professional services	836		973		1,176		785		843
Regulatory assessments	544		1,170		1,135		1,310		766
Loan related expenses	2,154		1,705		1,856		1,809		1,509
Office and operations	1,498		1,454		1,472		1,367		1,344
Intangible asset amortization	222		234		237		237		287
Franchise tax expense	629		619		665		511		514
Other expenses	682		2,388		920		1,133		651
Total noninterest expense	37,832		39,436		38,884		38,734		38,220
Income before income tax expense	34,507		31,522		21,983		16,301		5,743
Income tax expense	6,774		6,009		4,431		3,206		786
Net income	$	27,733	$	25,513	$	17,552	$	13,095	$	4,957
Basic earnings per common share	$	1.18	$	1.09	$	0.75	$	0.56	$	0.21
Diluted earnings per common share	1.17		1.08		0.75		0.56		0.21

Origin Bancorp, Inc.

Selected Year-to-Date Financial Data


	Six Months Ended June 30,
(Dollars in thousands, except per share amounts)	2021			2020
Income statement and share amounts	(Unaudited)			(Unaudited)
Net interest income	$	109,531		$	89,100
Provision for credit losses	(4,197)			39,934
Noninterest income	29,569			31,220
Noninterest expense	77,268			74,317
Income before income tax expense	66,029			6,069
Income tax expense	12,783			359
Net income	$	53,246		$	5,710
PTPP earnings (1)	$	61,832		$	46,003
Basic earnings per common share (2)	2.28			0.24
Diluted earnings per common share(2)	2.26			0.24
Dividends declared per common share	0.23			0.185
Weighted average common shares outstanding - basic	23,402,073			23,350,673
Weighted average common shares outstanding - diluted	23,597,291			23,498,910




Performance metrics
Yield on LHFI	4.02		%	4.43		%
Yield on interest earning assets	3.51			3.98
Cost of interest bearing deposits	0.34			1.03
Cost of total deposits	0.24			0.73
Net interest margin, fully tax equivalent	3.17			3.25
Net interest margin, excluding PPP loans, fully tax equivalent (3)	3.10			3.28
Return on average stockholders' equity (annualized)	16.14			1.87
Return on average assets (annualized)	1.45			0.19
PTPP return on average stockholders' equity (annualized) (1)	18.74			15.05
PTPP return on average assets (annualized) (1)	1.68			1.56


Efficiency ratio (4)	55.55			61.77

____________________________

(1)PTPP earnings, PTPP return on average stockholders' equity, and PTPP return on average assets are non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, please see last two pages.

(2)Due to the combined impact of the repurchase of common stock on the quarterly average common shares outstanding calculation compared to the impact of the repurchase of common stock shares on the year-to-date average common outstanding calculation, and the effect of rounding, the sum of the quarterly earnings per common share may not equal the year-to-date earnings per common share amount.

(3)Net interest margin, excluding PPP loans, fully tax equivalent is calculated by removing average PPP loans from average interest earning assets, and removing the associated interest income (net of 35 basis points assumed cost of funds on average PPP loan balances) from net interest income.

(4)Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.

Origin Bancorp, Inc.

Consolidated Balance Sheets


(Dollars in thousands)	June 30, 2021		March 31, 2021		December 31, 2020		September 30, 2020		June 30, 2020
Assets	(Unaudited)		(Unaudited)				(Unaudited)		(Unaudited)
Cash and due from banks	$	155,311	$	64,330	$	60,544	$	61,250	$	57,054
Interest-bearing deposits in banks	289,421		200,571		316,670		160,661		99,282
Total cash and cash equivalents	444,732		264,901		377,214		221,911		156,336
Securities:
Available for sale	973,948		980,132		1,004,674		797,260		720,616
Held to maturity, net of allowance for credit losses	37,835		37,983		38,128		38,193		38,287
Securities carried at fair value through income	10,973		11,077		11,554		11,813		11,977
Total securities	1,022,756		1,029,192		1,054,356		847,266		770,880
Non-marketable equity securities held in other financial institutions	41,468		47,274		62,586		38,052		41,864
Loans held for sale	124,710		144,950		191,512		155,525		121,541
Loans	5,396,306		5,849,760		5,724,773		5,612,666		5,312,194
Less: allowance for loan credit losses	77,104		85,136		86,670		81,643		70,468
Loans, net of allowance for loan credit losses	5,319,202		5,764,624		5,638,103		5,531,023		5,241,726
Premises and equipment, net	80,133		81,064		81,763		79,254		80,025
Mortgage servicing rights	16,081		17,552		13,660		14,322		15,235
Cash surrender value of bank-owned life insurance	37,959		37,757		37,553		37,332		37,102
Goodwill and other intangible assets, net	30,024		30,246		30,480		30,717		30,953
Accrued interest receivable and other assets	151,003		145,615		141,041		145,936		148,247
Total assets	$	7,268,068	$	7,563,175	$	7,628,268	$	7,101,338	$	6,643,909
Liabilities and Stockholders' Equity
Noninterest-bearing deposits	$	1,861,016	$	1,736,534	$	1,607,564	$	1,599,436	$	1,584,746
Interest-bearing deposits	3,554,427		3,962,082		3,478,985		3,640,587		3,041,859
Time deposits	612,909		647,578		664,766		695,902		745,617
Total deposits	6,028,352		6,346,194		5,751,315		5,935,925		5,372,222
FHLB advances and other borrowings	314,123		325,751		984,608		360,325		478,260
Subordinated debentures	157,298		157,239		157,181		78,596		78,567
Accrued expenses and other liabilities	80,060		77,636		88,014		98,855		100,079
Total liabilities	6,579,833		6,906,820		6,981,118		6,473,701		6,029,128

Stockholders' equity
Common stock	117,511		117,444		117,532		117,533		117,506
Additional paid-in capital	237,338		236,934		237,341		236,679		236,156
Retained earnings	314,472		289,792		266,628		251,427		240,506

Accumulated other comprehensive income	18,914		12,185		25,649		21,998		20,613
Total stockholders' equity	688,235		656,355		647,150		627,637		614,781
Total liabilities and stockholders' equity	$	7,268,068	$	7,563,175	$	7,628,268	$	7,101,338	$	6,643,909

Origin Bancorp, Inc.

Loan Data


	At and for the three months ended
(Dollars in thousands, unaudited)	June 30, 2021		March 31, 2021		December 31, 2020		September 30, 2020		June 30, 2020
LHFI
Commercial real estate	$	1,480,536	$	1,454,649	$	1,387,939	$	1,367,916	$	1,323,754
Construction/land/land development	497,170		548,236		531,860		560,857		570,032
Residential real estate	966,301		904,753		885,120		832,055		769,354
Total real estate loans	2,944,007		2,907,638		2,804,919		2,760,828		2,663,140
Paycheck Protection Program	369,910		584,148		546,519		552,329		549,129
Commercial and industrial	1,200,881		1,250,350		1,271,343		1,263,279		1,313,405

Mortgage warehouse lines of credit	865,255		1,090,347		1,084,001		1,017,501		769,157
Consumer	16,253		17,277		17,991		18,729		17,363
Total LHFI	5,396,306		5,849,760		5,724,773		5,612,666		5,312,194
Less: allowance for loan credit losses	77,104		85,136		86,670		81,643		70,468
LHFI, net	$	5,319,202	$	5,764,624	$	5,638,103	$	5,531,023	$	5,241,726

Nonperforming assets
Nonperforming LHFI
Commercial real estate	$	1,544	$	1,085	$	3,704	$	4,669	$	4,717
Construction/land/land development	621		2,431		2,962		2,976		3,726
Residential real estate	10,571		10,692		6,530		8,259		6,713
Commercial and industrial	17,723		19,094		12,897		14,255		14,772
Consumer	43		56		56		69		119
Total nonperforming LHFI	30,502		33,358		26,149		30,228		30,047
Nonperforming loans held for sale	1,606		963		681		483		734
Total nonperforming loans	32,108		34,321		26,830		30,711		30,781
Repossessed assets	4,723		3,893		1,927		718		4,155
Total nonperforming assets	$	36,831	$	38,214	$	28,757	$	31,429	$	34,936






Classified assets	$	88,150	$	99,214	$	109,708	$	101,577	$	100,299
Past due LHFI (1)	30,446		26,574		25,763		29,194		23,751

Allowance for loan credit losses
Balance at beginning of period	$	85,136	$	86,670	$	81,643	$	70,468	$	56,063
Provision for loan credit losses	(5,224)		1,360		6,784		12,970		20,878
Loans charged off	3,010		3,027		2,089		2,293		6,587
Loan recoveries	202		133		332		498		114
Net charge-offs	2,808		2,894		1,757		1,795		6,473
Balance at end of period	$	77,104	$	85,136	$	86,670	$	81,643	$	70,468

Origin Bancorp, Inc.

Loan Data - Continued


	At and for the three months ended
(Dollars in thousands, unaudited)	June 30, 2021		March 31, 2021		December 31, 2020		September 30, 2020		June 30, 2020
Credit quality ratios
Total nonperforming assets to total assets	0.51	%	0.51	%	0.38	%	0.44	%	0.53	%
Total nonperforming loans to total loans	0.58		0.57		0.45		0.53		0.57
Nonperforming LHFI to LHFI	0.57		0.57		0.46		0.54		0.57

Past due LHFI to LHFI	0.56		0.45		0.45		0.52		0.45

Allowance for loan credit losses to nonperforming LHFI	252.78		255.22		331.45		270.09		234.53
Allowance for loan credit losses to total LHFI	1.43		1.46		1.51		1.45		1.33
Allowance for loan credit losses to total LHFI excluding PPP and warehouse loans (2)	1.84		2.02		2.10		2.00		1.75
Net charge-offs to total average LHFI (annualized)	0.20		0.21		0.13		0.13		0.53
Net charge-offs to total average LHFI (annualized), excluding PPP loans	0.23		0.23		0.14		0.15		0.58

____________________________

(1)Past due LHFI are defined as loans 30 days or more past due.

(2)The allowance for loan credit losses ("ACL") to total LHFI excluding PPP and warehouse loans is calculated by excluding the ACL for warehouse loans from the numerator and excluding the PPP and warehouse loans from the denominator. Due to their low-risk profile, mortgage warehouse loans require a disproportionately low allocation of the allowance for loan credit losses.

Origin Bancorp, Inc.

Average Balances and Yields/Rates


	Three months ended
	June 30, 2021		March 31, 2021				June 30, 2020
	Average Balance		Yield/Rate		Average Balance			Yield/Rate		Average Balance		Yield/Rate

Assets	(Dollars in thousands, unaudited)
Commercial real estate	$	1,465,799	4.12	%	$	1,421,819		4.16	%	$	1,307,715	4.45	%
Construction/land/land development	516,794		4.18		541,782			4.09		562,233		4.40
Residential real estate	929,332		4.11		888,208			4.04		742,657		4.47
Paycheck Protection Program ("PPP")	521,551		4.27		565,653			4.40		449,680		2.73
Commercial and industrial excl. PPP	1,240,252		3.80		1,255,436			3.95		1,378,898		3.92

Mortgage warehouse lines of credit	819,233		3.63		961,808			3.67		462,088		3.79
Consumer	16,632		5.83		17,649			5.81		18,362		6.49
LHFI	5,509,593		4.00		5,652,355			4.03		4,921,633		4.09
Loans held for sale	68,797		3.51		87,177			2.71		91,991		3.11
Loans receivable	5,578,390		3.99		5,739,532			4.01		5,013,624		4.07
Investment securities-taxable	749,538		1.67		750,801			1.78		492,752		2.23
Investment securities-nontaxable	280,504		2.27		295,000			2.30		208,667		2.68
Non-marketable equity securities held in other financial institutions	46,898		2.12		60,326			1.45		51,713		2.29
Interest-bearing balances due from banks	417,782		0.16		196,616			0.27		345,906		0.38

Total interest-earning assets	7,073,112		3.44		7,042,275			3.58		6,112,662		3.65
Noninterest-earning assets(1)	401,839				340,220					334,864
Total assets	$	7,474,951			$	7,382,495				$	6,447,526

Liabilities and Stockholders' Equity
Liabilities
Interest-bearing liabilities
Savings and interest-bearing transaction accounts	$	3,774,529	0.23	%	$	3,513,281		0.26	%	$	2,633,520	0.51	%
Time deposits	631,654		0.78		656,255			0.95		751,607		1.75
Total interest-bearing deposits	4,406,183		0.31		4,169,536			0.37		3,385,127		0.79

FHLB advances and other borrowings	262,806		1.69		557,798			0.92		671,108		0.98

Subordinated debentures	157,276		4.67		157,221			4.72		78,557		4.68
Total interest-bearing liabilities	4,826,265		0.53		4,884,555			0.57		4,134,792		0.89
Noninterest-bearing liabilities
Noninterest-bearing deposits	1,837,823				1,700,523					1,578,987
Other liabilities(1)	138,165				139,554					115,849
Total liabilities	6,802,253				6,724,632					5,829,628
Stockholders' Equity	672,698				657,863					617,898
Total liabilities and stockholders' equity	$	7,474,951			$	7,382,495				$	6,447,526
Net interest spread			2.91	%				3.01	%			2.76	%
Net interest margin			3.08					3.18				3.05
Net interest margin - (tax- equivalent)(2)			3.12					3.22				3.09
Net interest margin excluding PPP loans - (tax- equivalent)(3)			3.06					3.15				3.15

____________________________

(1)Includes Government National Mortgage Association ("GNMA") repurchase average balances of $60.3 million, $59.0 million, and $29.0 million for the three months ended June 30, 2021, March 31, 2021, and June 30, 2020, respectively. The GNMA repurchase asset and liability are recorded as equal offsetting amounts in the consolidated balance sheets, with the asset included in Loans held for sale and the liability included in FHLB advances and other borrowings.

(2)In order to present pre-tax income and resulting yields on tax-exempt investments comparable to those on taxable investments, a tax-equivalent adjustment has been computed. This adjustment also includes income tax credits received on Qualified School Construction Bonds.

Origin Bancorp, Inc.

Non-GAAP Financial Measures


	At and for the three months ended
	June 30, 2021			March 31, 2021			December 31, 2020			September 30, 2020			June 30, 2020

Calculation of Tangible Common Equity:	(Dollars in thousands, except per share amounts, unaudited)
Total common stockholders' equity	$	688,235		$	656,355		$	647,150		$	627,637		$	614,781
Less: goodwill and other intangible assets, net	30,024			30,246			30,480			30,717			30,953
Tangible Common Equity	$	658,211		$	626,109		$	616,670		$	596,920		$	583,828

Calculation of Tangible Book Value per Common Share:
Divided by common shares outstanding at the end of the period	23,502,215			23,488,884			23,506,312			23,506,586			23,501,233
Tangible Book Value per Common Share	$	28.01		$	26.66		$	26.23		$	25.39		$	24.84

Calculation of PTPP Earnings:
Net Income	$	27,733		$	25,513		$	17,552		$	13,095		$	4,957
Plus: provision for credit losses	(5,609)			1,412			6,333			13,633			21,403
Plus: income tax expense	6,774			6,009			4,431			3,206			786
PTPP Earnings	$	28,898		$	32,934		$	28,316		$	29,934		$	27,146

Calculation of PTPP ROAA and PTPP ROAE:
PTPP Earnings	$	28,898		$	32,934		$	28,316		$	29,934		$	27,146
Divided by number of days in the quarter	91			90			92			92			91
Multiplied by the number of days in the year	365			365			366			366			366
Annualized PTPP Earnings	$	115,910		$	133,566		$	112,648		$	119,085		$	109,181

Divided by total average assets	$	7,474,951		$	7,382,495		$	7,164,028		$	6,746,585		$	6,447,526
PTPP ROAA (annualized)	1.55		%	1.81		%	1.57		%	1.77		%	1.69		%

Divided by total average stockholder's equity	$	672,698		$	657,863		$	639,508		$	629,533		$	617,898
PTPP ROAE (annualized)	17.23		%	20.30		%	17.61		%	18.92		%	17.67		%

Origin Bancorp, Inc.

Non-GAAP Financial Measures


	Six Months Ended June 30,
(Dollars in thousands, except per share amounts, unaudited)	2021			2020
Calculation of PTPP Earnings:
Net Income	$	53,246		$	5,710
Plus: provision for credit losses	(4,197)			39,934
Plus: income tax expense	12,783			359
PTPP Earnings	$	61,832		$	46,003

Calculation of PTPP ROAA and PTPP ROAE:
PTPP Earnings	$	61,832		$	46,003
Divided by number of days in this period	181			182
Multiplied by the number of days in the year	365			366
Annualized PTPP Earnings	$	124,689		$	92,512

Divided by total average assets	$	7,428,978		$	5,924,115
PTPP ROAA	1.68		%	1.56		%

Divided by total average stockholder's equity	$	665,322		$	614,530
PTPP ROAE	18.74		%	15.05		%

a06_30x2021obnkinvestorp

ORIGIN BANCORP, INC. _______ 2Q TWENTY21 INVESTOR PRESENTATION ORIGIN BANCORP, INC.

ORIGIN BANCORP, INC. _______ This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc.'s ("Origin" or the "Company") future financial performance, business and growth strategy, projected plans and objectives, including the Company's loan loss reserves and allowance for credit losses related to the COVID-19 pandemic and any expected purchases of its outstanding common stock, and related transactions and other projections based on macroeconomic and industry trends, including expectations regarding and efforts to respond to the COVID-19 pandemic and changes to interest rates by the Federal Reserve and the resulting impact on Origin's results of operations, estimated forbearance amounts and expectations regarding the Company's liquidity, including in connection with advances obtained from the FHLB, which are all subject to change and may be inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such changes may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions and current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin's control. Statements or statistics preceded by, followed by or that otherwise include the words "assumes," "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" and variations of such terms are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain factors that could affect the Company's future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the continuing duration and impacts of the COVID-19 global pandemic and distribution of COVID-19 vaccines, as well as other efforts to contain the virus's transmission, including the effect of these factors on Origin's business, customers and economic conditions generally as well as the impact of the actions taken by governmental authorities to address the impact of COVID-19 on the United States economy; deterioration of Origin's asset quality; factors that can impact the performance of Origin's loan portfolio, including real estate values and liquidity in Origin's primary market areas; the financial health of Origin's commercial borrowers and the success of construction projects that Origin finances; changes in the value of collateral securing Origin's loans; Origin's ability to anticipate interest rate changes and manage interest rate risk; the effectiveness of Origin's risk management framework and quantitative models; the risk of widespread inflation; Origin's inability to receive dividends from Origin Bank and to service debt, pay dividends to Origin's common stockholders, repurchase Origin's shares of common stock and satisfy obligations as they become due; business and economic conditions generally and in the financial services industry, nationally and within Origin's primary market areas; changes in Origin's operation or expansion strategy or Origin's ability to prudently manage its growth and execute its strategy; changes in management personnel; Origin's ability to maintain important customer relationships, reputation or otherwise avoid liquidity risks; increasing costs as Origin grows deposits; operational risks associated with Origin's business; volatility and direction of market interest rates; increased competition in the financial services industry, particularly from regional and national institutions; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which Origin operates and in which its loans are concentrated; an increase in unemployment levels and slowdowns in economic growth; Origin's level of nonperforming assets and the costs associated with resolving any problem loans including litigation and other costs; the credit risk associated with the substantial amount of commercial real estate, construction and land development, and commercial loans in Origin's loan portfolio; changes in laws, rules, regulations, interpretations or policies relating to financial institutions, and potential expenses associated with complying with such regulations; periodic changes to the extensive body of accounting rules and best practices; further government intervention in the U.S. financial system; compliance with governmental and regulatory requirements, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and others relating to banking, consumer protection, securities and tax matters; Origin's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; changes in the utility of Origin's non-GAAP liquidity measurements and its underlying assumptions or estimates; uncertainty regarding the future of the London Interbank Offered Rate and the impact of any replacement alternatives on Origin's business; possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies and similar organizations; natural disasters and adverse weather events, acts of terrorism, an outbreak of hostilities, regional or national protests and civil unrest (including any resulting branch closures or property damage), widespread illness or public health outbreaks or other international or domestic calamities, and other matters beyond Origin's control; and system failures, cybersecurity threats and/or security breaches and the cost of defending against them. For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections titled "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in Origin's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") and any updates to those sections set forth in Origin's subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin's underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward- looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin's behalf may issue. Annualized, pro forma, adjusted projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Furthermore, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by, the COVID-19 pandemic and the impact of varying governmental responses, including any future economic stimulus legislation that affect Origin's customers and the economies where they operate. Origin reports its results in accordance with United States generally accepted accounting principles ("GAAP"). However, management believes that certain supplemental non-GAAP financial measures used in managing its business may provide meaningful information to investors about underlying trends in its business. Management uses these non-GAAP measures to evaluate the Company's operating performance and believes that these non-GAAP measures provide information that is important to investors and that is useful in understanding Origin's results of operations. However, non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Origin's reported results prepared in accordance with GAAP. The following are the non-GAAP measures used in this presentation: • Tangible common equity is defined as total common stockholders' equity less goodwill and other intangible assets, net • Tangible book value per common share is determined by dividing tangible common equity by common shares outstanding at the end of the period • Pre-tax, pre-provision earnings is calculated by adding provision for credit losses and income tax expense to net income • Pre-tax, pre-provision return on average assets is calculated by dividing pre-tax, pre-provision earnings by number of days in the quarter, multiplying by the number of days in the year, then dividing by total average assets • Pre-tax, pre-provision return on average stockholder's equity is calculated by dividing pre-tax, pre-provision earnings by number of days in the quarter, multiplying by the number of days in the year, then dividing by total average stockholder's equity • Total core deposits is calculated by subtracting brokered deposits and time deposits greater that $250,000 from total deposits. See the last few slides in this presentation for a reconciliation between the non-GAAP measures used in this presentation and their comparable GAAP numbers. 2 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES

ORIGIN BANCORP, INC. _______ 9 10 19 6 TEXAS Entry: DFW 2008 | Houston 2013 Loans: $2,555 Deposits: $2,906 LOUISIANA Entry: 1912 Loans: $1,380 Deposits: $2,637 DOLLARS IN MILLIONS, UNAUDITED (1) (2) 3 ORIGIN COMPANY SNAPSHOT • Origin Bancorp, Inc., the holding company for Origin Bank, is headquartered in Ruston, LA • Origin Bank was founded in 1912 • 44 banking centers operating across Texas, Louisiana & Mississippi DEPOSITS & LOANS BY STATE Note: All financial information is as of 6/30/21. (1) Non-market based deposits are not included in state deposits.. (2) Excludes mortgage warehouse loans. MISSISSIPPI Entry: 2010 Loans: $596 Deposits: $485 8% 13% 44% 31% 48% 56% Loans (2)Deposits (1) ICS ICS

ORIGIN BANCORP, INC. _______ 4 A UNIQUE & DEFINED CULTURE

ORIGIN BANCORP, INC. _______ Balance Sheet 2Q21 1Q21 2Q20 Linked Qtr $ Δ Linked Qtr % Δ YoY $ Δ YoY % Δ Total Loans Held for Investment ("LHFI") $ 5,396,306 $ 5,849,760 $ 5,312,194 $ (453,454) (7.8) % $ 84,112 1.6 % Total Assets 7,268,068 7,563,175 6,643,909 (295,107) (3.9) 624,159 9.4 Total Deposits 6,028,352 6,346,194 5,372,222 (317,842) (5.0) 656,130 12.2 Tangible Common Equity(1) 658,211 626,109 583,828 32,102 5.1 74,383 12.7 Book Value per Common Share 29.28 27.94 26.16 1.34 4.8 3.12 11.9 Tangible Book Value per Common Share(1) 28.01 26.66 24.84 1.35 5.1 3.17 12.8 Income Statement Net Interest Income 54,292 55,239 46,290 (947) (1.7) 8,002 17.3 Provision for Credit Losses (5,609) 1,412 21,403 (7,021) (497.2) (27,012) (126.2) Noninterest Income 12,438 17,131 19,076 (4,693) (27.4) (6,638) (34.8) Noninterest Expense 37,832 39,436 38,220 (1,604) (4.1) (388) (1.0) Net Income 27,733 25,513 4,957 2,220 8.7 22,776 459.5 Pre-Tax, Pre-Provision Earnings ("PTPP")(1) 28,898 32,934 27,146 (4,036) (12.3) 1,752 6.5 Diluted EPS 1.17 1.08 0.21 0.09 8.3 0.96 457.1 Dividends Declared per Common Share 0.1300 0.1000 0.0925 0.0300 30.0 0.0375 40.5 Selected Ratios NIM - FTE 3.12 % 3.22 % 3.09 % -10 bp (3.1) 3 bp 1.0 Efficiency Ratio 56.69 54.49 58.47 220 bp 4.0 -178 bp (3.0) ROAA (annualized) 1.49 1.40 0.31 9 bp 6.4 118 bp 380.6 ROAE (annualized) 16.54 15.73 3.23 81 bp 5.1 1331 bp 412.1 PTPP ROAA (annualized)(1) 1.55 1.81 1.69 -26 bp (14.4) -14 bp (8.3) PTPP ROAE (annualized)(1) 17.23 20.30 17.67 -307 bp (15.1) -44 bp (2.5) DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, UNAUDITED 5 (1) As used in this presentation, tangible common equity, tangible book value per common share, PTPP, PTPP ROAA, and PTPP ROAE are non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, see the last few slides of this presentation. FINANCIAL RESULTS - SECOND QUARTER 2021

ORIGIN BANCORP, INC. _______ Income Statement 1H 2021 1H 2020 YoY $ Δ YoY % Δ Net Interest Income $ 109,531 $ 89,100 $ 20,431 22.9 % Provision for Credit Losses (4,197) 39,934 (44,131) (110.5) Noninterest Income 29,569 31,220 (1,651) (5.3) Noninterest Expense 77,268 74,317 2,951 4.0 Net Income 53,246 5,710 47,536 832.5 PTPP(1) 61,832 46,003 15,829 34.4 Diluted EPS 2.26 0.24 2.02 841.7 Dividends Declared per Common Share 0.230 0.185 0.045 24.3 Selected Ratios NIM - FTE 3.17 % 3.25 % -8 bp (2.5) % Efficiency Ratio 55.55 61.77 -622 bp (10.1) ROAA (annualized) 1.45 0.19 126 bp 663.2 ROAE (annualized) 16.14 1.87 1427 bp 763.1 PTPP ROAA (annualized)(1) 1.68 1.56 12 bp 7.7 PTPP ROAE (annualized)(1) 18.74 15.05 369 bp 24.5 DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, UNAUDITED 6 (1) As used in this presentation, PTPP, PTPP ROAA, and PTPP ROAE are non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, see the last few slides of this presentation. FINANCIAL RESULTS - 1H 2021

ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES 44,524 52,649 57,502 68,668 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 Total Revenues ($) UNAUDITED Diluted EPS ($)Net Income ($) Total LHFI ($) Total Deposits ($) 0.60 0.55 0.62 0.56 1.17 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 13,407 13,178 14,617 27,733 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3,581 3,783 4,284 5,936 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 3,246 3,789 4,188 5,613 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 66,730 13,095 DOLLARS IN THOUSANDS DOLLARS IN THOUSANDS DOLLARS IN MILLIONS DOLLARS IN MILLIONS Total Core Deposits ($)(1) 3,079 3,087 3,612 4,825 5,764 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 DOLLARS IN MILLIONS (1) As used in this presentation, total core deposits is a non-GAAP financial measure. For a reconciliation of non-GAAP financial measures to their comparable GAAP measures, see the last few slides of this presentation. 7 5,396 6,028

ORIGIN BANCORP, INC. _______ TRENDING KEY MEASURES CONTINUED Pre-Tax Pre-Provision Earnings ($)(1) Efficiency Ratio (%) 67.06 66.52 60.98 56.41 56.69 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 UNAUDITED 14,667 17,626 22,438 29,934 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 28,898 Net Charge Offs ($) 1,393 3,410 2,992 1,795 2,808 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 Net Charge Offs to Total Average LHFI (%) 0.18 0.37 0.29 0.13 0.20 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 DOLLARS IN THOUSANDS DOLLARS IN THOUSANDS Book Value per Common Share ($) 20.36 23.17 25.06 26.70 29.28 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 19.11 21.79 23.70 25.39 28.01 1Q 18 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20 3Q 20 4Q 20 1Q 21 2Q 21 Tangible Book Value per Common Share ($)(1) (1) As used in this presentation, PTPP and tangible book value per common share are non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, see the last few slides of this presentation. 8

ORIGIN BANCORP, INC. _______ 9 1,311 1,741 1,956 2,562 2,555 884 1,067 1,127 1,553 1,524 427 674 829 1,009 1,031 DFW Houston 2017 2018 2019 2020 2Q21 Deposit Trends by Texas Market ($) (2) Loan Trends by Texas Market ($) (1) TEXAS GROWTH STORY Texas Franchise Highlights DOLLARS IN MILLIONS, UNAUDITED • 19 branches throughout 5 counties in the 4th and 5th largest MSAs in the United States • Texas franchise represents 56% of LHFI, excluding mortgage warehouse loans, and 48% of deposits, excluding non-market based deposits, at June 30, 2021 1,171 1,395 1,854 2,574 2,906 647 772 989 1,581 1,831524 623 865 993 1,075 DFW Houston 2017 2018 2019 2020 2Q21 CAGR 21.0% CAGR 29.7% (1) Excludes mortgage warehouse loans. (2) Non-market based deposits are not included in state deposits.

ORIGIN BANCORP, INC. _______ 10 SUPPORTING OUR CUSTOMERS - PPP LOANS DOLLARS IN THOUSANDS, UNAUDITED PPP Highlights ISOC ISOC ISOC ISOC ISOC Originations Forgiveness Fees Original Loan Amount Total $ Total # Percent of PPP $ Applied for or Forgiven at 6/30/2021 % Percent of PPP $ Forgiven at 6/30/2021 % Total SBA Fees Received as of 6/30/2021(1) $ Net Fees Outstanding at 6/30/2021(2) $ $2 million & greater 183,167 49 71.2 46.0 2,112 742 Less than $2 million 584,228 4,887 65.8 57.2 24,409 8,540 Total 767,395 4,936 67.1 54.5 26,521 9,282 PPP Interest Income ($) 3,052 3,430 3,277 6,138 5,553 1,831 2,058 1,947 4,700 4,2021,221 1,372 1,329 1,438 1,351 Net Earned Deferred Fees Interest Income 2Q20 3Q20 4Q20 1Q21 2Q21 (1) Total SBA Fees Received does not include per loan Company costs. (2) Net Fees Outstanding is net of approximately $500 dollars per loan in deferred Company costs.

ORIGIN BANCORP, INC. _______ 11 MOBILE FEATURE ADOPTION RATES(1) SUPPORTING OUR CUSTOMERS - LEVERAGING TECHNOLOGY ZELLE® USERS 48.7% GROWTH ZELLE® TRANSFERS 67.8% GROWTH 32.0% TRANSFER ADOPTION % ORIGIN BANK 28.5% INDUSTRY BENCHMARK 23.9% DEPOSIT ADOPTION % ORIGIN BANK 17.7% INDUSTRY BENCHMARK 7.4% BILL PAY ADOPTION % ORIGIN BANK 5.3% INDUSTRY BENCHMARK (1) All data provided by FIS Metrics Intelligence based upon asset size peer groups for the month of June 2021. REGISTERED APP USERS 13.3% GROWTH MOBILE DEPOSIT TRANSACTIONS 13.7% GROWTH Note: Growth rates compare June 2021 to June 2020. ILT

ORIGIN BANCORP, INC. _______ 12 4,964 5,376 5,884 1,579 1,634 1,686 1,701 1,838 2,410 2,704 2,869 3,076 3,547 224 307 651 437 227 752 731 678 656 632 5,870 6,244 Noninterest-bearing Interest-bearing Brokered Time Deposits 2Q20 3Q20 4Q20 1Q21 2Q21 Average Deposits ($) DEPOSIT TRENDS 1.75 1.50 1.20 0.95 0.780.79 0.61 0.43 0.37 0.31 0.54 0.42 0.22 Time Deposits Total Interest-bearing Deposits Cost of Total Deposits 2Q20 3Q20 4Q20 1Q21 2Q21 Deposit Cost Trends (QTD Annualized) (%) Time Deposit Repricing Schedule * Maturity Balance ($) WAR (%) 3Q21 173 0.62 4Q21 144 0.56 1Q22 81 0.65 2Q22 69 0.60 3Q22+ 146 1.10 Total 613 0.72 0.31 DOLLARS IN MILLIONS, UNAUDITED IDT * Target time deposit rates 20 basis points or less for new and renewed deposits. 0.26 • Average noninterest-bearing deposits increased $137 million compared to the linked quarter and represented 29.4% of total average deposits. • Average brokered deposits decreased by $210 million compared to the linked quarter based on a strategy to reduce non-core funding sources as PPP and mortgage warehouse balances declined. • Overall cost of total deposits has declined 145.5% since 2Q20.

ORIGIN BANCORP, INC. _______ Owner Occupied Construction/Land/Land Development ("C&D"): 2% Owner Occupied Commercial Real Estate ("CRE"): 9% Retail Shopping: 5% Real Estate & Construction: 5%Healthcare: 5% Office Building: 5% Multi-family: 2% Hotel: 1% Restaurant: 1% Misc: 3% Mtg. Warehouse: 18% Real Estate & Construction: 8% Finance & Insurance: 5% Transportation: 2% Healthcare: 2% Retail Dealer: 2% Restaurants: 2% Banks: 2% Professional Svc: 1% Customer Svc: 1% Commercial Svc: 1% Entertainment: 1% Wholesale Distribution: 1% Misc: 7% 13 WELL DIVERSIFIED LOAN PORTFOLIO (Dollars in thousands) 2Q20 3Q20 4Q20 1Q21 2Q21 C&I excl. PPP $ 1,313,405 $ 1,263,279 $ 1,271,343 $ 1,250,350 $ 1,200,881 Owner Occupied C&D 120,776 100,589 100,755 104,415 122,933 Owner Occupied CRE 459,661 495,366 460,524 483,624 457,895 Mtg. Warehouse 769,157 1,017,501 1,084,001 1,090,347 865,255 Total Commercial 2,662,999 2,876,735 2,916,623 2,928,736 2,646,964 Non-Owner Occupied C&D 449,256 460,268 431,105 443,821 374,237 Non-Owner Occupied CRE 864,093 872,550 927,415 971,025 1,022,641 Residential Real Estate 769,354 832,055 885,120 904,753 966,301 Consumer Loans 17,363 18,729 17,991 17,277 16,253 PPP Loans 549,129 552,329 546,519 584,148 369,910 Total Loans $ 5,312,194 $ 5,612,666 $ 5,724,773 $ 5,849,760 $ 5,396,306 Loan Portfolio Details Non-Owner Occupied C&D and CRE: (1) $1,397 C&I, Owner Occupied C&D and CRE, Mtg. Warehouse: (1) $2,647 C&I, Owner Occupied C&D and CRE, Mtg. Warehouse: 53% Non-Owner Occupied C&D and CRE: 27% (1) Does not include loans held for sale or PPP loans. Loan Composition at 6/30/2021: (1) $5,026 Commercial & Industrial ("C&I"): 25% Mtg. Warehouse: 17% Non- Owner Occupied C&D: 7% Residential Real Estate and Consumer: 20% Non-Owner Occupied CRE: 20% DOLLARS IN MILLIONS, UNAUDITED ILP

ORIGIN BANCORP, INC. _______ 2.00 2.00 2.10 1.81 1.66 Classified Loans / Total Loans excl. PPP Loans (%) Net Charge-Offs / Average LHFI excl. PPP Loans (annualized) (%) 2Q20 3Q20 4Q20 1Q21 2Q21 0.58 0.15 0.14 0.23 0.23 0.63 0.60 0.50 0.63 0.610.50 0.58 0.50 0.50 0.61 Nonperforming LHFI / LHFI excl. PPP loans (%) Past due LHFI / LHFI excl. PPP loans (%) 2Q20 3Q20 4Q20 1Q21 2Q21 14 CREDIT QUALITY Asset Quality Trends (%) Allowance for Loan Credit Losses ("ALCL") 70,468 81,643 86,670 85,136 77,104 1.33 1.45 1.51 1.46 1.43 1.75 2.00 2.10 2.02 1.84 ALCL ($) ALCL as a percentage of LHFI (%) ALCL as a percentage of LHFI excl. PPP and mtg. warehouse (%) 2Q20 3Q20 4Q20 1Q21 2Q21 • Provision for credit losses for 2Q21 was a net benefit of $5.6 million, compared to provision expense of $1.4 million in 1Q21, and expense of $21.4 million in 2Q20. The decline in the provision expense is due to: ◦ improvement in forecasted economic conditions ◦ credit quality profile in relation to ALCL • ALCL to nonperforming LHFI is 252.78% at 2Q21, 255.22% at 1Q21, and 234.53% at 2Q20. DOLLARS IN THOUSANDS, UNAUDITED

ORIGIN BANCORP, INC. _______ 15 LHFI: Fixed \ Variable (by Index) at 6/30/2021 • The yield on LHFI slightly decreased during 2Q21 primarily due to continued declines in benchmark interest rates. • The cost of interest bearing deposits declined six basis points, and the cost of total deposits and borrowings declined four basis points. • Variable rate LHFI made up 59% of total LHFI incl. PPP loans, with 39% based on 1 month LIBOR. At June 30, 2021, 59% of variable rate loans are at their floor, totaling $1.67 billion. Fixed: 41% 1m LIBOR: 39% Prime: 19% Other indices: 1% YIELDS, COSTS AND LHFI PROFILE Yield on LHFI (%) 3.25 3.25 3.25 3.25 3.25 4.09 4.02 3.89 4.03 4.00 4.22 4.20 4.06 3.99 3.97 0.35 0.16 0.15 0.12 0.10 Avg. Prime Rate Yield on LHFI Yield on LHFI excl. PPP Loans Avg. 1M LIBOR 2Q20 3Q20 4Q20 1Q21 2Q21 Cost of Funds (%) 0.79 0.61 0.37 0.31 0.65 0.42 0.38 0.54 0.42 0.22 Cost of Interest Bearing Deposits Cost of Total Deposits & Borrowings Cost of Total Deposits 2Q20 3Q20 4Q20 1Q21 2Q21 0.47 0.54 0.43 0.31 0.26

ORIGIN BANCORP, INC. _______ 16 DOLLARS IN THOUSANDS, UNAUDITED 46,290 50,617 51,819 55,239 54,292 43,238 47,187 48,542 49,101 48,7393,052 3,430 3,277 6,138 5,553 3.09 3.18 3.07 3.22 3.123.15 3.28 3.17 3.15 3.06 Net Interest Income excl. PPP ($) PPP Net Interest Income ($) NIM (FTE) (%) NIM (FTE) excl. PPP (%) 2Q20 3Q20 4Q20 1Q21 2Q21 • NIM (FTE) decreased by 10 basis points to 3.12% in 2Q21 from 1Q21, driven primarily by increasing average balances in interest-bearing balances due from banks. • Increasing liquidity during the quarter was the single largest driver of the decline in NIM, contributing 9 basis points of the 10 basis points total decline. • Net forgiven PPP deferred loans fees contributed $2.9 million to net interest income. • Excluding the impact of PPP loans, NIM (FTE) was 3.06% in 2Q21, compared to 3.15% at 1Q21. NET INTEREST INCOME AND NIM TRENDS 54,292 55,239 1,066 372 163 (1,291) (585) (480) (267) 75 1Q 21 RE Lo an s IB D ep os its FH LB & O the r B orr ow ing s Mtg W are ho us e PPP Lo an s C&I e xc l P PP Inv es tm en t S ec uri tie s Othe r 2Q 21 50,000 52,000 54,000 56,000 58,000 3.22 0.02 0.01 (0.09) (0.03) (0.02) (0.01) (0.01) 0.03 1Q 21 IB D ep os its RE Lo an s IB B al. D ue Fr om B an ks C&I e xc l. P PP PPP Lo an s Mtg W are ho us e Inv es tm en t S ec uri tie s Othe r 2Q 21 3.00 3.10 3.20 3.30 3.12 Net Interest Income Changes - 2Q21 ($) NIM Changes - 2Q21 (%) INIM

ORIGIN BANCORP, INC. _______ 9,800 10,615 10,237 10,588 11,604 11,176 12,880 10,818 12,144 19,076 18,051 15,381 17,131 12,438 Service Charges & Fees Mortgage Banking Revenue Insurance Commission & Fee Income Swap Fee Income Other 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 17 44,524 47,785 49,734 52,649 53,630 54,145 57,502 54,913 54,954 65,366 68,668 67,200 72,370 66,730 Net Interest Income Noninterest Income 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Noninterest Income ($) Net Interest Income \ Noninterest Income ($) NET REVENUE DISTRIBUTION DOLLARS IN THOUSANDS, UNAUDITED • Track record of steady and sustained growth in income streams • Warehouse lending portfolio supports net interest income in low-rate environments • Diverse noninterest income sources • Community banking mortgage model supports earnings in low rate environments • Consistent and steady long-term growth in insurance commission and fee income

ORIGIN BANCORP, INC. _______ 38,220 38,734 38,884 39,436 37,832 24,045 22,597 22,475 22,325 22,354 4,267 4,263 4,271 4,339 4,349 2,075 2,065 2,178 2,173 2,313 1,344 1,367 1,472 1,454 1,498 1,509 1,809 1,856 1,705 2,154 4,980 6,633 6,632 7,440 5,164 Salaries and Employee Benefits Occupancy and Equipment, net Data Processing Office and Operations Loan Related Expenses Other 2Q20 3Q20 4Q20 1Q21 2Q21 18 • Noninterest expense compared favorably to 1Q21 primarily due to $1.6 million incurred during the first quarter of the year related to the early termination of long-term FHLB advances during the quarter ended March 31, 2021. • The focus remains on our technology strategy to build efficient scale to support additional organic growth, combined with branch strategy and operational efficiency to support the potential for an ongoing remote working environment. E FF IC E N C Y R A TI O (% ) 2.38 2.28 2.16 2.17 2.03 58.47 56.41 57.86 54.49 56.69 2Q20 3Q20 4Q20 1Q21 2Q21 40 60 80 100 1.5 2.0 2.5 3.0 Operating Leverage (%) NONINTEREST EXPENSE ANALYSIS N IE / AV E R A G E A S S E TS (% ) DOLLARS IN THOUSANDS, UNAUDITED Noninterest Expense Composition ($)

ORIGIN BANCORP, INC. _______ 8.8 8.8 9.0 9.0 9.29.1 9.2 8.6 8.7 8.9 Bank Level Company Level 2Q20 3Q20 4Q20 1Q21 2Q21 10.1 9.6 10.5 10.7 11.6 10.5 10.1 10.1 10.3 11.2 Bank Level Company Level 2Q20 3Q20 4Q20 1Q21 2Q21 19 CAPITAL Bank Level Company Level Sub-debt Impact 12.5 12.0 12.9 13.1 13.9 12.9 12.5 13.8 13.9 14.9 Bank Level Company Level 2Q20 3Q20 4Q20 1Q21 2Q21 Total Capital to Risk-Weighted Assets Changes - 2Q21 (%) 13.92 0.54 0.39 0.13 (0.08) (0.05) 1Q 21 Mort ga ge W H LO C Net Inc om e e xc l. Cred it L os s A cc rua ls To tal Lo an G row th ex cl. M W LO C Othe r Divd en ds 2Q 21 10.00 12.50 15.00 14.85 ICap ICap Total Capital to Risk-Weighted Assets (%)Tier 1 Capital to Risk-Weighted Assets (%) Tier 1 Capital to Average Assets (Leverage Ratio) (%)

ORIGIN BANCORP, INC. _______ Calculation of Core Deposits: 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 4Q19 Total Deposits $ 6,028,352 $ 6,346,194 $ 5,751,315 $ 5,935,925 $ 5,372,222 $ 4,556,246 $ 4,228,612 Less: Brokered Deposits — 571,673 431,180 835,902 490,881 435,138 152,556 Less: Time Deposits > $250K 264,566 276,629 271,272 275,112 311,256 309,918 319,055 Core Deposits $ 5,763,786 $ 5,497,892 $ 5,048,863 $ 4,824,911 $ 4,570,085 $ 3,811,190 $ 3,757,001 3Q19 2Q19 1Q19 4Q18 3Q18 2Q18 1Q18 Total Deposits $ 4,284,317 $ 3,855,012 $ 3,898,248 $ 3,783,138 $ 3,727,158 $ 3,672,097 $ 3,580,738 Less: Brokered Deposits 330,370 139,181 327,693 332,341 278,784 239,818 272,744 Less: Time Deposits > $250K 341,728 349,262 356,298 364,080 343,082 315,741 228,887 Core Deposits $ 3,612,219 $ 3,366,569 $ 3,214,257 $ 3,086,717 $ 3,105,292 $ 3,116,538 $ 3,079,107 Calculation of PTPP Earnings: 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 4Q19 Net Income $ 27,733 $ 25,513 $ 17,552 $ 13,095 $ 4,957 $ 753 $ 12,827 Plus: Provision for Credit Losses (5,609) 1,412 6,333 13,633 21,403 18,531 2,377 Plus: Income Tax Expense 6,774 6,009 4,431 3,206 786 (427) 3,175 PTPP Earnings $ 28,898 $ 32,934 $ 28,316 $ 29,934 $ 27,146 $ 18,857 $ 18,379 3Q19 2Q19 1Q19 4Q18 3Q18 2Q18 1Q18 Net Income $ 14,617 $ 12,283 $ 14,155 $ 13,178 $ 12,318 $ 12,702 $ 13,407 Plus: Provision for Credit Losses 4,201 1,985 1,005 1,723 504 311 (1,524) Plus: Income Tax Expense 3,620 2,782 3,089 2,725 2,568 2,760 2,784 PTPP Earnings $ 22,438 $ 17,050 $ 18,249 $ 17,626 $ 15,390 $ 15,773 $ 14,667 20 DOLLARS IN THOUSANDS, UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

ORIGIN BANCORP, INC. _______ Calculation of Tangible Book Value per Common Share: 2Q21 1Q21 4Q20 3Q20 2Q20 Total Common Stockholders' Equity $ 688,235 $ 656,355 $ 647,150 $ 627,637 $ 614,781 Less: Goodwill and Other Intangible Assets, net 30,024 30,246 30,480 30,717 30,953 Tangible Common Equity $ 658,211 $ 626,109 $ 616,670 $ 596,920 $ 583,828 Divided by Common Shares Outstanding at the End of the Period 23,502,215 23,488,884 23,506,312 23,506,586 23,501,233 Tangible Book Value per Common Share $ 28.01 $ 26.66 $ 26.23 $ 25.39 $ 24.84 1Q20 4Q19 3Q19 2Q19 1Q19 Total Common Stockholders' Equity $ 606,631 $ 599,362 $ 588,363 $ 584,293 $ 568,122 Less: Goodwill and Other Intangible Assets, net 31,241 31,540 31,842 32,144 32,497 Tangible Common Equity $ 575,390 $ 567,822 $ 556,521 $ 552,149 $ 535,625 Divided by Common Shares Outstanding at the End of the Period 23,475,948 23,480,945 23,481,781 23,774,238 23,745,985 Tangible Book Value per Common Share $ 24.51 $ 24.18 $ 23.70 $ 23.22 $ 22.56 4Q18 3Q18 2Q18 1Q18 Total Stockholder's Equity $ 549,779 $ 531,919 $ 519,356 $ 462,824 Less: Preferred Stock - Series SBLF — — — 48,260 Total Common Stockholders' Equity 549,779 531,919 519,356 414,564 Less: Goodwill and Other Intangible Assets, net 32,861 33,228 24,113 24,219 Tangible Common Equity $ 516,918 $ 498,691 $ 495,243 $ 390,345 Divided by Common Shares Outstanding at the End of the Period plus Converible Preferred Stock , Series D 23,726,559 23,621,235 23,504,063 20,426,885 Tangible Book Value per Common Share $ 21.79 $ 21.11 $ 21.07 $ 19.11 21 DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

ORIGIN BANCORP, INC. _______ 2Q21 1Q21 1Q20 Calculation of PTPP Earnings: Net Income $ 27,733 $ 25,513 $ 4,957 Plus: provision for credit losses (5,609) 1,412 21,403 Plus: income tax expense 6,774 6,009 786 PTPP Earnings $ 28,898 $ 32,934 $ 27,146 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earnings $ 28,898 $ 32,934 $ 27,146 Divided by number of days in the quarter 91 90 91 Multiplied by the number of days in the year 365 365 366 Annualized PTPP Earnings $ 115,910 $ 133,566 $ 109,181 Divided by total average assets $ 7,474,951 $ 7,382,495 $ 5,400,704 PTPP ROAA (annualized) 1.55 % 1.81 % 2.02 % Divided by total average stockholder's equity $ 672,698 $ 657,863 $ 611,162 PTPP ROAE (annualized) 17.23 % 20.30 % 17.86 % 22 DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

ORIGIN BANCORP, INC. _______ Six Months Ended June 30, 2021 June 30, 2020 Calculation of PTPP Earnings: Net Income $ 53,246 $ 5,710 Plus: provision for credit losses (4,197) 39,934 Plus: income tax expense 12,783 359 PTPP Earnings $ 61,832 $ 46,003 Calculation of PTPP ROAA and PTPP ROAE: PTPP Earnings $ 61,832 $ 46,003 Divided by number of days in the quarter 181 182 Multiplied by the number of days in the year 365 366 Annualized PTPP Earnings $ 124,689 $ 92,512 Divided by total average assets $ 7,428,978 $ 5,924,115 PTPP ROAA 1.68 % 1.56 % Divided by total average stockholder's equity $ 665,322 $ 614,530 PTPP ROAE 18.74 % 15.05 % 23 DOLLARS IN THOUSANDS, UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 1H 2021

Document

Exhibit 99.3

https://cdn.kscope.io/31fc1823a08481ac91f8b2a20a438051-obnklogoa53a.jpg

FOR IMMEDIATE RELEASE

July 28, 2021

Origin Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend

RUSTON, LOUISIANA (July 28, 2021) - Origin Bancorp, Inc. (Nasdaq: OBNK) ("Origin"), the holding company for Origin Bank, today announced that on July 28, 2021, its board of directors declared a quarterly cash dividend of $0.13 per share of its common stock. The cash dividend will be paid on August 31, 2021, to stockholders of record as of the close of business on August 20, 2021.

About Origin Bancorp, Inc.

Origin is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912. Deeply rooted in Origin’s history is a culture committed to providing personalized, relationship banking to its clients and communities. Origin provides a broad range of financial services to businesses, municipalities, high net worth individuals and retail clients. Origin currently operates 44 banking centers located from Dallas/Fort Worth, Texas across North Louisiana to Central Mississippi, as well as in Houston, Texas. For more information, visit www.origin.bank.

Forward-Looking Statements

When used in filings by Origin Bancorp, Inc. (the "Company") with the Securities and Exchange Commission (the "SEC"), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" or variations of such terms" are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Factors that might cause such a difference include among other things: the expected payment date of its quarterly cash dividend; changes in economic conditions; the duration and impacts of the coronavirus ("COVID-19") pandemic and efforts to contain its transmission, as well as the impact of the actions taken by governmental authorities to address the impact of COVID-19 on the United States economy, including, without limitation, the Coronavirus Aid, Relief and Economic Security Act and any related future economic stimulus legislation and the effects of the foregoing on the Company’s business and customers; other legislative changes generally; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; competition; and changes in management’s business strategies and other factors set forth in the Company's filings with the SEC.

The Company does not undertake and specifically declines any obligation - to update or revise any forward-looking statements to reflect events or circumstances that occur after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

Investor Relations

Chris Reigelman

318-497-3177

chris@origin.bank

Media Contact

Ryan Kilpatrick

318-232-7472

rkilpatrick@origin.bank