A Business at a Glance
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Origin Bancorp, Inc.
OBK
$1.7B
Mkt Cap
$53.62
+2.06%
Origin Bancorp, Inc. (OBK) has a current P/E ratio of 22.3, compared to its historical median P/E of 13.6. The stock is currently considered Expensive based on its historical valuation range.
Origin Bancorp, Inc. (OBK) has a 5-year average return on invested capital (ROIC) of 9.2%. This is below average and may indicate limited pricing power.
Origin Bancorp, Inc. (OBK) has a market capitalization of $1.7B. It is classified as a small-cap stock.
Yes, Origin Bancorp, Inc. (OBK) pays a dividend with a trailing twelve-month yield of 1.14%. The company also returns capital through share buybacks, with a buyback yield of 1.37%.
Based on historical P/E analysis, Origin Bancorp, Inc. (OBK) appears expensive. The current P/E of 22.3 is 65% above its historical median of 13.6. The estimated fair value CAGR (P/E method) is 4.1%.
Origin Bancorp, Inc. (OBK) operates in the State Commercial Banks industry, within the Financials sector.
Origin Bancorp, Inc. (OBK) reported annual revenue of $598 million in its most recent fiscal year, based on SEC EDGAR filings.
Our Company Unless the context otherwise requires, references in this Annual Report on Form 10-K to “we,” “us,” “our,” “our company,” “the Company” or “Origin” refer to Origin Bancorp, Inc., a Louisiana corporation, and its consolidated subsidiaries. All references to “Origin Bank” or “the Bank” refer to Origin Bank, our wholly-owned bank subsidiary. Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Our wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in our history is a culture committed to providing personalized, relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities we serve. We provide a broad range of financial services and currently operates more than 56 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, South Alabama and the Florida Panhandle.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 401M | 598M | 620M | 582M | 384M | 304M |
| Net Income | 80M | 75M | 76M | 84M | 88M | 109M |
| EPS | $2.60 | $2.40 | $2.45 | $2.71 | $3.28 | $4.60 |
| Free Cash Flow | 164M | 151M | 86M | 103M | 137M | 166M |
| ROIC | 6.4% | 6.3% | 6.9% | 8.3% | 10.4% | 14.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.07 | 0.09 | 0.00 | 0.00 | 0.03 | 0.00 |
| Dividends/Share | $0.61 | $0.60 | $0.60 | $0.60 | $0.58 | $0.49 |
| Operating Income | 5.1M | 5.1M | 97M | 106M | 107M | 10M |
| Operating Margin | 1.3% | 0.9% | 15.7% | 18.2% | 28.0% | 3.3% |
| ROE | 6.4% | 6.3% | 6.9% | 8.3% | 10.4% | 15.8% |
| Shares Outstanding | 31M | 31M | 31M | 31M | 27M | 24M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 181M | 182M | 229M | 274M | 293M | 304M | 384M | 582M | 620M | 598M | 401M |
| Gross Margin | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 64M | 71M | 80M | 89M | 91M | 93M | 119M | 139M | 149M | 151M | 152M |
| EBIT | 6.6M | 3.2M | 3.8M | 4.8M | 5.1M | 10M | 107M | 106M | 97M | 5.1M | 5.1M |
| Op. Margin | 3.7% | 1.8% | 1.7% | 1.7% | 1.7% | 3.3% | 28.0% | 18.2% | 15.7% | 0.9% | 1.3% |
| Net Income | 8.1M | 9.8M | 49M | 54M | 36M | 109M | 88M | 84M | 76M | 75M | 80M |
| Net Margin | 4.5% | 5.4% | 21.2% | 19.7% | 12.4% | 35.7% | 22.8% | 14.4% | 12.3% | 12.6% | 20.1% |
| Non-Recurring | -198K | 2.5M | 95K | 194K | -72K | 103K | 194K | 62K | 878K | 85K | 85K |
| Returns on Capital | |||||||||||
| ROIC | N/A | 2.3% | 10.0% | 9.4% | 5.2% | 14.2% | 10.4% | 8.3% | 6.9% | 6.3% | 6.4% |
| ROE | N/A | 2.3% | 10.0% | 9.4% | 5.8% | 15.8% | 10.4% | 8.3% | 6.9% | 6.3% | 6.4% |
| ROA | N/A | 0.5% | 1.1% | 1.1% | 0.6% | 1.4% | 1.0% | 0.9% | 0.8% | 0.8% | 0.8% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 55M | 62M | 78M | 62M | 887K | 171M | 146M | 130M | 108M | 159M | 176M |
| Free Cash Flow | 47M | 59M | 72M | 50M | -6.3M | 166M | 137M | 103M | 86M | 151M | 164M |
| Owner Earnings | 45M | 55M | 71M | 53M | -8.3M | 162M | 130M | 107M | 85M | 134M | 87M |
| CapEx | 7.9M | 3.0M | 5.5M | 11M | 7.2M | 5.0M | 8.5M | 27M | 22M | 7.9M | 12M |
| Maint. CapEx | 7.9M | 5.8M | 5.9M | 6.7M | 6.9M | 6.8M | 12M | 18M | 17M | 17M | 80M |
| Growth CapEx | 25K | 0 | 0 | 4.4M | 338K | 0 | 0 | 9.2M | 5.3M | 0 | 0 |
| D&A | 7.9M | 5.8M | 5.9M | 6.7M | 6.9M | 6.8M | 12M | 18M | 17M | 17M | 80M |
| CapEx/OCF | N/A | N/A | 7.0% | 18.1% | 811.5% | 2.9% | 5.8% | 20.7% | 20.3% | 4.9% | 6.9% |
| Capital Allocation | |||||||||||
| Dividends Paid | 5.8M | 7.0M | 5.9M | 5.9M | 8.9M | 12M | 16M | 19M | 19M | 19M | 19M |
| Dividend Yield | N/A | N/A | 0.8% | 0.8% | 1.7% | 1.3% | 1.5% | 2.0% | 1.9% | 1.7% | 1.1% |
| Share Buybacks | 0 | 0 | 0 | 10M | 723K | 1.3M | 0 | 0 | 0 | 16M | 23M |
| Buyback Yield | 0.0% | N/A | N/A | 1.3% | 0.1% | 0.1% | N/A | N/A | N/A | 1.3% | 1.4% |
| Stock-Based Comp | 1.5M | 1.1M | 1.5M | 2.2M | 2.3M | 2.3M | 3.4M | 5.3M | 7.2M | 8.3M | 8.9M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | N/A | N/A | -692M | -551M | -1.2B | -2.2B | -2.0B | -1.5B | -1.6B | -1.4B | -1.8B |
| Cash & Equiv. | 260M | 187M | 117M | 292M | 377M | 706M | 359M | 280M | 470M | 424M | 1.8B |
| Long-Term Debt | N/A | N/A | 0 | 0 | 147M | 0 | 0 | 2.6M | 0 | 0 | N/A |
| Debt/Equity | N/A | 8.80 | 0.00 | 0.40 | 0.23 | 0.00 | 0.03 | 0.00 | 0.00 | 0.09 | 0.07 |
| Interest Coverage | 0.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | 420M | 550M | 599M | 647M | 730M | 950M | 1.1B | 1.1B | 1.2B | 1.3B |
| Total Assets | N/A | 4.2B | 4.8B | 5.3B | 7.6B | 7.9B | 9.7B | 9.7B | 9.7B | 9.7B | 10.2B |
| Total Liabilities | N/A | 3.7B | 4.3B | 4.7B | 7.0B | 7.1B | 8.7B | 8.7B | 8.5B | 8.5B | 8.9B |
| Intangibles | N/A | 2.1M | 6.1M | 4.8M | 8.8M | 17M | 50M | 45M | 37M | 33M | 32M |
| Retained Earnings | N/A | 145M | 192M | 240M | 267M | 364M | 435M | 500M | 558M | 613M | 634M |
| Working Capital | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||
| EPS | 0.46 | 0.50 | 2.20 | 2.28 | 1.55 | 4.60 | 3.28 | 2.71 | 2.45 | 2.40 | 2.60 |
| Owner EPS | 2.55 | 2.80 | 3.19 | 2.23 | -0.35 | 6.88 | 4.86 | 3.46 | 2.71 | 4.27 | 2.82 |
| Book Value | N/A | 21.38 | 24.86 | 25.36 | 27.59 | 30.95 | 35.52 | 34.37 | 36.68 | 39.79 | 40.81 |
| Cash Flow/Share | 3.09 | 3.15 | 3.52 | 2.60 | 0.04 | 7.27 | 5.45 | 4.20 | 3.47 | 5.07 | 5.21 |
| Dividends/Share | 0.33 | 0.36 | 0.27 | 0.25 | 0.38 | 0.49 | 0.58 | 0.60 | 0.60 | 0.60 | 0.61 |
| Shares Out. | 17.7M | 19.7M | 22.1M | 23.6M | 23.5M | 23.6M | 26.7M | 30.9M | 31.2M | 31.3M | 30.9M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 14.0 | 14.7 | 16.8 | 8.7 | 10.4 | 12.9 | 13.2 | 15.9 | 20.6 |
| P/FCF | N/A | N/A | 9.4 | 15.7 | N/A | 5.7 | 6.6 | 10.4 | 11.7 | 7.9 | 10.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -19.0 |
| Price/Book | N/A | N/A | 1.2 | 1.3 | 0.9 | 1.3 | 1.0 | 1.0 | 0.9 | 1.0 | 1.3 |
| Price/Sales | N/A | N/A | 3.9 | 3.3 | 2.1 | 3.2 | 3.1 | 2.7 | 2.7 | 2.8 | 4.1 |
| FCF Yield | N/A | N/A | 10.6% | 6.4% | -1.0% | 17.6% | 15.1% | 9.6% | 8.6% | 12.6% | 9.9% |
| Market Cap | 0 | N/A | 680M | 793M | 609M | 949M | 910M | 1.1B | 1.0B | 1.2B | 1.7B |
| Avg. Price | 0.00 | N/A | 34.44 | 30.95 | 22.74 | 37.64 | 38.57 | 30.73 | 31.05 | 35.23 | 53.62 |
| Year-End Price | 0.00 | N/A | 30.74 | 33.56 | 25.97 | 40.20 | 34.04 | 34.83 | 32.31 | 38.25 | 53.62 |
Origin Bancorp, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Origin Bancorp, Inc. trades at 22.3x trailing earnings, compared to its 15-year median P/E of 13.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.0x vs a median of 9.4x. The company's 5-year average ROIC is 9.2%. Total shareholder yield (dividends + buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +16.1%.
Origin Bancorp, Inc. (OBK) has a net profit margin of 12.6%. This is a healthy margin.
Origin Bancorp, Inc. (OBK) generated $151 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Origin Bancorp, Inc. (OBK) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Origin Bancorp, Inc. (OBK) reported earnings per share (EPS) of $2.40 in its most recent fiscal year.
Origin Bancorp, Inc. (OBK) has a return on equity (ROE) of 6.3%. This indicates moderate shareholder returns.
The Ledger Terminal provides 10 years of financial data for Origin Bancorp, Inc. (OBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Origin Bancorp, Inc. (OBK) has a book value per share of $39.79, based on its most recent annual SEC filing.