Origin Bancorp, Inc. (OBK) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please ensure your device is not on mute. May I have your first and last name, please? Apologies. Due to no response, I'm disconnecting your line. Hello? Hello. David Anderson. Thank you. David, may I have your company name, please? I'm just calling the family office. Thank you very much. And lastly, your conference ID number, David. Perfect. I'll be placing you into the attendee line and you'll be muted. Have a great call today. To 1.18% at quarter end compared to 1.14% as of the prior quarter. For the quarter, our allowance for credit losses increased from 1.29% to 1.35% net of mortgage warehouse. We did not experience any significant changes in our CECL model assumptions for the quarter and the increase was primarily driven by increases in the individually evaluated portion of the reserve associated with our non-accruals. The level of our reserve at 1.35% net of mortgage warehouse compares to a level of 1.31% at year-end 2023. Lastly, as the total ADC and CRE, we continue to have ample capacity to meet the needs of our clients and grow this segment of our portfolio, reflecting funding to total risk-based capital a 47% for ADC, and 235% for CRE. I'll now turn it over to Wally. Thanks, Jim, and good morning, everyone. Turning to the financial highlights, in Q3, we reported diluted earnings per share of 27 cents. As you can see on slide 26, the combined financial impact of notable items during the quarter equated to a net expense of $23.3 million, equivalent to 59 cents in EPS pressure. On a pre-tax, pre-provision basis, we reported $47.8 million. Excluding $7.9 million in net benefits from notable items in Q3 and $15.6 million in net pressures in Q2, pre-tax, pre-provision earnings increased to $39.9 million from $37.1 million. On the balance sheet side, loans decre...