Origin Bancorp, Inc. · NYSE:OBK
Origin Bancorp — Investor Presentation (May 2019)
17 slides from Origin Bancorp's investor presentation, May 3, 2019
Slide 1: 1Q Twenty19 Overview Presentation
1Q TWENTY19 OVERVIEW 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: Our culture is a differentiator across our footprint
At Origin, we believe our culture is a differentiator across our footprint. It defines all that we do and permeates throughout our organization. We believe it allows us to attract the best bankers in our markets, and it drives our philosophy of relationship-based banking. From our mission, vision, a
Slide 4: Company Snapshot and Financial Highlights
COMPANY SNAPSHOT • Origin Bank was founded in 1912 • OBNK is headquartered in Ruston, LA 9 • 42 banking centers operating across Texas, 19 5 Louisiana & Mississippi • Strong commercial focus with 38% C&I and 44% CRE lending mix across our footprint FINANCIAL HIGHLIGHTS 9 2019 Q1 DOLLARS IN MILLIONS
Slide 5: First Quarter Financial Highlights
FIRST QUARTER FINANCIAL HIGHLIGHTS 2019 HIGHLIGHTS DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS Linked • Net interest income decreased by 2019Q1 2018Q4 2018Q1 Q Δ YoY Δ $35,000, or 0.1%, over the previous Balance Sheet quarter Total Loans Held For Investment $ 3,838,343 $ 3,789,105 $ 3,245,992 1.3
Slide 6: Balance Sheet Well-Positioned for Growth & Profitability
BALANCE SHEET WELL- AVERAGE INTEREST EARNING ASSETS & NIM (FTE) POSITIONED FOR DOLLARS IN MILLIONS 4.00% $4,545 $4,600 ) GROWTH & PROFITABILITY $ ( S ) $4,433 T E E T $4,400 F S ( 3.90% S N A • Consistent increase in yields I $4,230 G G N R 3.82% $4,200 I on interest earning assets A 3.80% N M $4,05
Slide 7: Diversified & Growing Revenue Streams
DIVERSIFIED & GROWING NET REVENUE DISTRIBUTION – 2019Q1 REVENUE STREAMS Service Charges & Fees: 6% Mortgage Banking Revenue: • Meaningful noninterest income 5% supplements interest-related Insurance Commission & Fee Income: 7% revenue Other: 4% • Comprehensive product suite delivered with high quali
Slide 8: Ability to Leverage Infrastructure
ABILITY TO LEVERAGE OPERATING EFFICIENCY INFRASTRUCTURE 80.00% 4.00% • Cost-effective, centralized back office functions are performed in our North Louisiana operations center 3.00% 2.94% 2.95% 75.00% 2.88% 2.93% 3.00% • Infrastructure exists to support significant asset growth at S increasing level
Slide 9: Our Markets
OUR MARKETS AVERAGE DEPOSITS & DEPOSIT COST DOLLARS IN MILLIONS 200 bps $3,842 • DIVERSE GEOGRAPHIC $3,658 $3,458 FOOTPRINT 170 bps $3,235 $3,337 t s 140 bps o • Attractive combination of stable, low C t i 110 bps s cost markets and markets o p experiencing metropolitan growth e 80 bps D 50 bps • Ex
Slide 10: Diversified Commercial Loan Composition
DIVERSIFIED COMMERCIAL LOAN COMPOSITION – 2019Q1 LOAN PORTFOLIO DOLLARS IN MILLIONS • Focus on commercial lending Other: 1% to middle market and small businesses as well as their owners and executives C&D: 13% Residential: • Commercial loans 17% Owner Occupied represented an aggregate of CRE: 11% 82
Slide 11: Growing Core Deposit Franchise
GROWING CORE DEPOSIT DEPOSIT COMPOSITION – 2019Q1 FRANCHISE Savings: 4% Brokered: 8% Continued success in growing • Noninterest- core deposits, especially bearing noninterest-bearing deposits demand: 25% Time deposits: 21% • Low cost of deposits driven by Interest- bearing legacy North Louisiana dem
Slide 12: Liquidity Measures
Total Loans / Total Deposits LIQUIDITY MEASURES 105% • While continuing to deliver 101.54% 99.55% strong, high-quality loan 100% growth will remain a key 97.98% priority for our markets, we are also focused on core 93.52% 95% deposit growth 92.02% 90% 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 • Stable depo
Slide 13: Underwriting & Credit Culture
(1) UNDERWRITING & CREDIT NPLs / LOANS HFI CULTURE 0.83% 0.84% 0.79% 0.79% • Excellent track record of 0.74% credit quality across core commercial lending portfolio • Seasoned lenders with strong credit backgrounds and significant experience in our markets 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 • Centra
Slide 14: Strong Capital Position
STRONG CAPITAL TOTAL RISK-BASED CAPITAL POSITION DOLLARS IN MILLIONS $35 $37 $47 $39 • Robust capital levels with $44 opportunity for deployment through organic growth and $529 $544 $433 strategic acquisitions $379 $423 2015 2016 2017 2018 2019Q1 Tier 1 Capital Tier 2 Capital CAPITAL RATIOS 14.0% 13
Slide 15: Increase scale across the franchise, and particularly in Houston Improve operational efficiency and increase
Increase scale across the franchise, and particularly in Houston Improve operational efficiency and increase profitability Focused effort to improve margin and risk-adjusted returns Grow client base and continue capturing Continue our disciplined approach to market share organic loan and deposit gro
Slide 16: Key Highlights
KEY HIGHLIGHTS EXPERIENCED LEADERSHIP AND STRONG INSIDER OWNERSHIP » TRACK RECORD OF ORGANIC GROWTH @ arrractive FOOTPRINT @ sTRONG CoRE DEPOSIT FRANCHISE @ biversiFieD REVENUE STREAMS @ pRoveN CREDIT CULTURE ACROSS CORE LOAN PORTFOLIO @ POTENTIAL OPPORTUNISTIC M&A
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS 2019Q1 2018Q4 2018Q3 2018Q2 2018Q1 Calculation of Tangible Common Equity: Total Stockholders' Equity $ 568,122 $ 549,779 $ 531,919 $ 519,356 $ 462,824 Less: Preferred Stock - Series SBLF — — — — 48,260 Less: