Company Profile
- Origin Bancorp, Inc. (NYSE: OBK) (“the company”) is the holding company for the main subsidiary, Origin Bank (“the bank”), which operates more than 55 branch locations across five states in the demographically attractive Southeast, including a presence in East TX, LA, MS, AL, and the FL Panhandle. Origin reflects the leading deposit market share in its home state of LA among locally headquartered banks, though a majority of the growth in recent years has been in the TX markets, notably the Dallas and Houston MSAs.
- OBK’s strategy has been focused on organic growth, but supplemented by opportunistic acquisitions, including whole bank and insurance agencies. The most recent bank transaction closed in 2022 with the acquisition of BT Holdings, Inc., which increased market share in TX as loans and deposits in TX now represent 74% and 56%, respectively of total at 4Q24. Outside of the 2022 acquisition, OBK had been more focused on expanding existing markets…