Slide 1: 4Q and Full Year 2019 Investor Presentation
4Q AND FULL YEAR TWENTY19 INVESTOR PRESENTATION
Slide 2: Forward-Looking Statements and Non-GAAP Information
FORWARD-LOOKING STATEMENTS AND NON-GAAP INFORMATION 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") fu
Slide 3: Financial Results - Fourth Quarter 2019
FINANCIAL RESULTS - FOURTH QUARTER 2019 DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS Linked 4Q2019 3Q2019 4Q2018 YoY Δ QΔ Income Statement Net Interest Income $ 44,095 $ 44,622 $ 42,061 (1.2)% 4.8 % Provision for Credit Losses 2,377 4,201 1,723 (43.4)% 38.0 % Noninterest Income 10,818 12,880 10,58
Slide 4: Financial Results - Full Year 2019
FINANCIAL RESULTS - FULL YEAR 2019 DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS As of and Years Ended December 31, YoY $ Δ YoY % Δ Balance Sheet 2019 2018 Total Loans Held For Investment ("LHFI") $ 4,143,195 $ 3,789,105 $ 354,090 9.3 % Total Assets 5,324,626 4,821,576 503,050 10.4 % Total Deposits
Slide 5: Net Interest Income and NIM Trends
NET INTEREST INCOME AND NIM TRENDS DOLLARS IN THOUSANDS • Net interest income increased $2.0 million from 4Q18 to 4Q19, Yield on LHFI and decreased $500 thousand from 3Q19 to 4Q19. • Asset sensitive balance sheet throughout 2019 lead to quarterly 5.50% 5.50% 5.28% 5.31% NIM compression of 24 bps fro
Slide 6: Net Revenue Distribution
NET REVENUE DISTRIBUTION DOLLARS IN THOUSANDS Net Interest Income \ Noninterest Income Noninterest Income $12,880 $57,502 $53,630 $54,145 $54,913 $11,604 $1,614 $52,649 $11,176 $10,588 $10,818 $12,880 $1,661 $1,351 $10,818 $1,281 $11,604 $11,176 $1,392 $10,588 $511 $172 $2,171 $151 $299 $3,036 $3,20
Slide 7: Noninterest Expense Composition / Efficiency Ratio
NONINTEREST EXPENSE COMPOSITION DOLLARS IN THOUSANDS $37,095 $36,534 $35,023 $35,381 $35,064 • Improving trend in efficiency ratio, coupled with a decline in the ratio of NIE to average assets as a result of expense stabilization in $6,472 $5,656 $6,786 2019. $6,505 $5,792 $1,481 $1,849 $1,632 • Eff
Slide 8: Deposits
DEPOSITS Deposits Loans & Deposits by State at 12/31/19 DOLLARS IN MILLIONS Loans Deposits $4,284 $4,229 $3,783 $3,898 $3,855 30% 45% $820 $791 $796 $819 $840 $330 $153 $332 $328 $139 $1,979 $2,207 $1,704 $1,773 $1,873 16% $1,003 $1,155 $1,078 11% $951 $978 54% 44% 4Q2018 1Q2019 2Q2019 3Q2019 4Q2019
Slide 9: Well Diversified Loan Portfolio
WELL DIVERSIFIED LOAN PORTFOLIO LHFI at 12/31/19 LHFI: Fixed \ Variable (by Index) at 12/31/19 DOLLARS IN MILLIONS Amounts % of Total Residential & Other: 17% Fixed $ 1,661 40% Commercial & Industrial ("C&I"): 1 month LIBOR 1,117 27% 32% 12 month LIBOR 254 6% Construction/ Land/Land Development Prim
Slide 10: Asset Quality Trends
ASSET QUALITY TRENDS 0.99% 0.90% 0.84% 0.79% 0.80% 0.76% 0.75% 0.75% 0.72% 0.72% 0.37% 0.29% 0.26% 0.07% (0.06)% 4Q2018 1Q2019 2Q2019 3Q2019 4Q2019 Nonperforming LHFI / LHFI Past due LHFI / LHFI Net Charge-Offs1 / Average LHFI (annualized) 1 Based on annualized quarterly net charge-offs. Year-to-dat
Slide 11: Capital Ratios and Capital Actions
CAPITAL RATIOS Company Level Bank Level 3Q2019 4Q2019 3Q2019 4Q2019 12.5% 12.8% 12.1% 12.4% 11.6% 11.9% 11.3% 11.6% 10.4% 10.7% 10.9% 10.9% 10.5% 10.6% 1 TCE/TA Tier 1 Tier 1 Capital to Total Capital to Tier 1 Tier 1 Capital to Total Capital to Leverage Risk-Weighted Risk-Weighted Leverage Risk-Weig
Slide 12: Our Strategic Focus
OUR STRATEGIC FOCUS STRATEGIC FOCUS KEY ACTION ITEMS Increase scale across the franchise, Improve operational efficiency and particularly in Houston increase profitability Focused effort to defend margin and risk- adjusted returns Grow client base and continue capturing Continue our disciplined appr
Slide 13: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS 4Q2019 3Q2019 2Q2019 1Q2019 4Q2018 Calculation of Tangible Common Equity: Total Common Stockholders' Equity $ 599,262 $ 588,363 $ 584,293 $ 568,122 $ 549,779 Less: Goodwill and Other Intangible Assets, Net 3