October 2026 – Page 78

GBank Financial Holdings Inc. Announces Third Quarter 2026 Financial Results

Posted on October 28, 2026 by Ravi Shankar

LAS VEGAS, Oct. 28, 2026 (GLOBE NEWSWIRE) — GBank Financial Holdings Inc. (the “Company”) (NASDAQ: GBFH), the parent company of GBank (the “Bank”), today reported net income of $3.9 million, or $0.27 per diluted share, for the third quarter ended September 30, 2026, compared to $5.5 million, or $0.38 per diluted share during the second quarter of 2026, and $4.3 million, or $0.30 per diluted share, for the third quarter of 2025. Excluding non-core items, adjusted net income⁽¹⁾ was $4.3 million, or $0.30 adjusted diluted earnings per share⁽¹⁾, for the third quarter of 2026, compared to $5.5 million, or $0.38, for the second quarter of 2026, and $6.3 million, or $0.44, for the third quarter of 2025.

For the nine months ended September 30, 2026, net income was $10.6 million, or $0.73 per diluted share, compared to $13.5 million, or $0.93 per diluted share, for the comparable nine-month period of 2025. Excluding non-core items, adjusted net income⁽¹⁾ for the nine months ended September 30, 2026 was $14.4 million, or $0.99 adjusted diluted earnings per share⁽¹⁾ compared to $16.4 million, or $1.13, for the same period of 2025.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Third Quarter 2026 Comments (Unaudited)

Net interest income of $13.6 million compared to $12.8 million in the previous quarter.
Net revenue⁽¹⁾ of $20.3 million, a decrease of $1.6 million, or 7.3% compared to $22.0 million in the second quarter of 2026, due to lower net interchange fees and fewer loans sold.
Net interest margin increased 17 basis points to 3.95% from 3.78%.
Gain on loan sales of $4.7 million on loans sold of $84.5 million, a decrease of $0.8 million compared to $5.5 million on loans sold of $110.1 million for the second quarter of 2026. Gain on loan sales margin⁽¹⁾ increased to 5.57% from 5.04%.
U.S. Small Business Administration (“SBA”) loan originations of $171.7 million, compared to $131.4 million for the second quarter of 2026.

“Despite the lower than expected earnings during the period, I want to emphasize that our core banking franchise performed well during the third quarter, with higher net interest income, an improved net interest margin, and strong SBA production and gain-on-sale margin,” said Jeff Newgard, President and Chief Executive Officer of GBank Financial Holdings. “While earnings were affected by lower interchange income following the decision by several large sports betting operators to discontinue credit cards as a funding source, as well as several one-time or non-core items, we believe the underlying performance of the bank reflects the strength of our franchise. Going forward, my focus is on strengthening the core bank; building my team which I hope to have completed by year end; maintaining strong credit discipline and executing on the opportunities before us. While the legacy retail credit card portfolio will continue to affect provision expense in the near term, we expect that impact to diminish as the portfolio continues to run off. My goal for the company and shareholders is to address the items that have held back earnings and have them behind us by the end of the year, so that 2027 can be a fresh start at the bank and we will clearly see the impacts of our gaming fintech initiatives taking hold as we move through the year.”

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Financial Results

Income Statement

Net interest income totaled $13.6 million for the third quarter of 2026, reflecting an increase of $813 thousand, or 6.4%, compared to $12.8 million for the second quarter of 2026, and an increase of $616 thousand, or 4.7%, compared to the third quarter of 2025.

The increase in net interest income when compared to both the second quarter of 2026 and the same quarter of 2025 was primarily volume driven, as higher interest income from growth in average loans and investments (and, compared with the prior year, interest-bearing cash balances) more than offset increases in interest expense resulting from higher average deposits and borrowings.

The Company’s net interest margin for the third quarter of 2026 was 3.95%, compared to 3.78% for the second quarter of 2026 and 4.35% for the third quarter of 2025. The 17 basis point increase over the prior quarter reflected a 15 basis point increase in the yield on average earning assets to 6.87% and a 5 basis point decrease in the cost of average interest-bearing liabilities to 3.86%. The higher asset yield was driven by a favorable shift in earning asset mix, as average loans increased $34.6 million to 83.1% of average earning assets (81.2% in the second quarter) at a yield of 7.34%, while lower-yielding average interest-bearing deposits with banks decreased $26.9 million. The investment securities yield increased to 4.73% from 4.64% as a result of the full-quarter impact of $7.9 million of available for sale securities purchased during the second quarter of 2026.

The Company recorded a provision for credit losses on loans of $2.6 million for the third quarter of 2026, compared to $2.8 million of provision expense recorded during the second quarter of 2026, and $2.2 million of provision expense recorded during the third quarter of 2025. The provision in the third quarter included a provision expense of $687 thousand for our legacy non-gaming retail credit card program. Please refer to information under the heading “Asset Quality” for more information regarding the provision for credit losses. The decrease from the prior quarter was driven by a smaller allowance build, as the allowance for credit losses increased $1.5 million during the third quarter, compared to an increase of $1.7 million during the second quarter, while net charge-offs were consistent at $1.1 million in the third quarter, compared to $1.2 million in the second quarter. The allowance for credit losses as a percentage of total loans increased to 1.30% from 1.19% as of June 30, 2026.

Non-interest income was $6.7 million for the third quarter of 2026, compared to $9.1 million for the second quarter of 2026, and $7.2 million for the third quarter of 2025. The decrease of $2.4 million when compared to the second quarter of 2026 was primarily due to a $1.5 million decrease in net interchange fees, following the decision by several large sports betting operators to discontinue credit cards as a funding source, and a $0.8 million decrease in gain on sale of loans as fewer guaranteed loans were sold. The $0.5 million decrease in non-interest income during the third quarter of 2026 when compared to the third quarter of 2025 was primarily due to a $2.1 million decrease in net interchange fees, partially offset by a $1.1 million increase in net gains on sales of loans, and a $549 thousand increase in loan servicing income.

Net revenue⁽¹⁾ totaled $20.3 million for the third quarter of 2026, representing a decrease of $1.6 million, or 7.3%, compared to $22.0 million for the second quarter of 2026. Net revenue for the third quarter of 2026 increased $0.2 million, or 0.8%, when compared to $20.2 million for the third quarter of 2025.

Non-interest expense was $12.8 million during the third quarter of 2026, compared to $12.0 million for the second quarter of 2026 and $12.3 million for the third quarter of 2025. The quarter-over-quarter increase in non-interest expense was principally due to $1.1 million increase in salaries and employee benefits, including $0.5 million in severance expense, partially offset by $0.4 million decrease in other expenses. Non-core items for the third quarter of 2026 totaled $0.6 million pre-tax, consisting of $0.5 million of severance expense, $0.1 million of fraud losses, as outlined in the Reconciliation of Non-GAAP Financial Measures section of this release.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

The Company’s efficiency ratio was 63.0% for the third quarter of 2026, compared to 54.7% for the second quarter of 2026 and 61.1% for the third quarter of 2025. The higher efficiency ratio for the third quarter of 2026 was due primarily to the lower net revenue and the non-core items included in non-interest expenses for the quarter.

Income tax expense was $1.0 million for the quarter ended September 30, 2026, compared to $1.6 million for the second quarter of 2026, and $1.3 million for the third quarter of 2025. The Company’s effective tax rate was 20.7% for the quarter ended September 30, 2026, compared to 22.9% for the quarter ended June 30, 2026, and 22.7% for the quarter ended September 30, 2025. Fluctuations in the effective tax rate are primarily driven by the timing and magnitude of certain stock-based compensation transactions that generate tax benefits for the Company, as well as changes in pre-tax earnings.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Net income was $3.9 million for the third quarter of 2026, a decrease of $1.6 million from $5.5 million for the second quarter of 2026, and a decrease of $455 thousand from $4.3 million during the third quarter of 2025. Diluted earnings per share were $0.27 for the third quarter of 2026, compared to $0.38 for the second quarter of 2026 and $0.30 for the third quarter of 2025. Excluding non-core items, adjusted net income⁽¹⁾ was $4.3 million for the third quarter of 2026, a decrease of $1.2 million from $5.5 million for the second quarter of 2026, and a decrease of $2.0 million from $6.3 million for the third quarter of 2025. Adjusted diluted earnings per share⁽¹⁾ were $0.30 for the third quarter of 2026, compared to $0.38 for the second quarter of 2026 and $0.44 for the third quarter of 2025. Non-core items for the third quarter of 2026 totaled $0.6 million before tax as shown on the Non-GAAP Financial Measures table.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Balance Sheet

Total assets were $1.5 billion as of September 30, 2026 and $1.4 billion as of June 30, 2026, an increase of 11.9% from $1.3 billion as of September 30, 2025. The increase in total assets from September 30, 2025 was primarily driven by increases in loans and other assets. Total assets under management, including $1.2 billion of sold loans for which servicing is retained, totaled $2.7 billion as of September 30, 2026.

The investment securities portfolio decreased by $460 thousand during the third quarter of 2026, as principal paydowns and an increase in unrealized losses on available for sale securities more than offset purchases.

Total loans, net of deferred fees and costs, were $1.1 billion as of September 30, 2026, $1.0 billion as of June 30, 2026, and $940.6 million as of September 30, 2025. Loans, net of deferred fees and costs increased $24.5 million during the third quarter of 2026 primarily due to an increase of $28 million in non-owner occupied commercial real estate loans. The increase in loans, net of deferred fees and costs, of $131.2 million from September 30, 2025, was driven primarily by increases of $134.5 million in commercial real estate-non-owner occupied loans. Total government guaranteed loans as a percentage of total loans⁽¹⁾ were 15.3% as of September 30, 2026, compared to 16.7% as of June 30, 2026, and 20.6% as of September 30, 2025.

Deposits totaled $1.2 billion as of September 30, 2026 and June 30, 2026, an increase of $71.8 million from $1.1 billion as of September 30, 2025. The decrease of $41.8 million from the prior quarter was driven by decreases in non-interest bearing demand, interest bearing demand and savings and money market balances of $36.9 million, $6.9 million and $77.4 million, respectively. The decrease in non-interest bearing demand balances was primarily due to decreases of $19.6 million in general business accounts, $11.9 million in fintech business accounts and $5.4 million in personal accounts. These decreases were partially offset by an increase of $79.4 million in certificates of deposit. The increase of $71.8 million compared to September 30, 2025 was primarily driven by $114 million growth in certificates of deposit and offset by a decrease of $31 million in non-interest bearing deposits.

The Company’s ratio of loans to deposits was 92.1% as of September 30, 2026, compared to 86.9% as of June 30, 2026, and 86.1% as of September 30, 2025.

The Company had $60 million in short-term borrowings as of September 30, 2026 compared to none as of June 30, 2026 and September 30, 2025. As of September 30, 2026, the Company had approximately $387.6 million in available borrowing capacity from the Federal Reserve Bank of San Francisco, the Federal Home Loan Bank of San Francisco, and through its various fed funds lines of credit with its correspondent banks.

Subordinated notes outstanding totaled $30.4 million as of September 30, 2026, $30.3 million as of June 30, 2026, and $26.1 million as of September 30, 2025. The year-over-year increase reflects the issuance of $11.0 million of subordinated debt issued in January 2026 maturing on January 15, 2036. This increase was partially offset by the redemption of $6.5 million of subordinated debt originally issued in 2020.

Stockholders’ equity was $175.4 million as of September 30, 2026, compared to $172.8 million as of June 30, 2026, and $158.2 million as of September 30, 2025. The increase in stockholders’ equity when compared to both the prior quarter and the prior year is mainly attributable to increases in retained earnings resulting from net income earned during each respective period, partially offset by an increase in accumulated other comprehensive loss from unrealized losses on available for sale securities.

The Company’s ratio of common equity to total assets was 12.04% as of September 30, 2026 compared to 12.07% as of June 30, 2026 and 12.16% as of September 30, 2025. The Bank’s Tier 1 leverage ratio was 13.4% as of September 30, 2026 compared to 13.2% as of June 30, 2026, and 13.7% as of September 30, 2025. The Company’s book value per share was $12.08 as of September 30, 2026, an increase of 1.1% from $11.94 as of June 30, 2026, and an increase of 9.1% from $11.07 as of September 30, 2025.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Asset Quality

The Company recorded a provision for credit loss expense for loans of $2.6 million for the third quarter of 2026, compared to $2.8 million recorded during the second quarter of 2026 and $2.2 million of provision expense recorded during the third quarter of 2025. The provision for credit losses for loans during the third quarter of 2026 reflects (i) $1.1 million of net charge offs recorded during the third quarter of 2026 for certain commercial real estate – owner occupied, commercial real estate – non-owner occupied, and commercial and industrial loans, (ii) an increase of $981 thousand related to specific reserves on individually evaluated commercial real estate – owner occupied, commercial real estate – non-owner occupied, and commercial and industrial loans, and (iii) an increase in reserve for credit cards of $687 thousand due to elevated delinquency levels in the legacy non-gaming retail credit card portfolio.

The Company’s allowance for credit losses totaled $13.9 million as of September 30, 2026, compared to $12.4 million as of June 30, 2026, and $10.6 million as of September 30, 2025. The allowance for credit losses as a percentage of total loans was 1.30% as of September 30, 2026, compared to 1.19% as of June 30, 2026 and 1.12% as of September 30, 2025. The allowance for credit losses as a percentage of total loans, excluding government guaranteed portions⁽¹⁾, was 1.54% as of September 30, 2026, compared to 1.42% as of June 30, 2026, and 1.42% as of September 30, 2025. The increase in this ratio was largely driven by an increase in specific reserves assigned to collateral-dependent non-performing loans.

Net loan charge offs in the third quarter of 2026 totaled $1.1 million, or 0.38% of average net loans (annualized), compared to net loan charge offs of $1.2 million, or 0.42% of average net loans (annualized) in the second quarter of 2026 and $836 thousand of net loan charge offs, or 0.35% of average net loans (annualized) during the third quarter of 2025.

The balance of other real estate owned increased to $10.9 million as of September 30, 2026 compared to $5.7 million as of June 30, 2026. The Company had $2.7 million other real estate owned as of September 30, 2025. The increase in other real estate owned during the third quarter of 2026 was attributable to the completion of foreclosure proceedings on three commercial real estate – non-owner occupied properties totaling $6.9 million. This increase was partially offset by the sale of one commercial real estate – non-owner occupied property during the third quarter of 2026 totaling $1.6 million.

Non-performing assets totaled $54.2 million as of September 30, 2026, a decrease of $3.9 million from $58.2 million as of June 30, 2026, and an increase of $16.8 million from $37.5 million as of September 30, 2025. The decrease was driven by an $8.8 million reduction in nonaccrual loans and a $0.5 million reduction in loans past due 90 days and still accruing, partially offset by a $5.3 million increase in other real estate owned.

Our non-performing assets to total assets ratio was 3.72% as of September 30, 2026, compared to 4.06% as of June 30, 2026, and 2.88% as of September 30, 2025. At September 30, 2026, this ratio includes government guaranteed balances of $25.5 million in the balance of non-performing assets (the numerator). Excluding the government guaranteed portion of non-performing assets⁽¹⁾, total at-risk non-performing assets were $28.8 million, or 1.97% as of September 30, 2026, an increase of $7.5 million from $21.3 million, or 1.49% of total assets of June 30, 2026.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Other Financial and Operational Highlights

SBA Lending and Commercial Banking

SBA lending originations totaled $171.7 million during the third quarter of 2026, compared to $131.4 million for the second quarter of 2026 and $207.7 million for the third quarter of 2025.

We continue to see improvement in our pretax gain on sale of loans margin as the average was 5.57% for the third quarter of 2026, compared to 5.04% for the second quarter of 2026, and 3.24% for the third quarter of 2025. This improvement in pricing quarter-over-quarter was more than offset with the volume decrease of $26 million in loan sales which resulted in a 15.2% decrease in gain on sale of loans when compared to the second quarter of 2026. Guaranteed loans held for sale increased by $19 million from June 30, 2026, with the majority of those loans plus new originations expected to be sold during the fourth quarter.

⁽¹⁾See Reconciliation of Non-GAAP Financial Measures

Gaming and Financial Technology Operations

Average daily gaming and fintech deposits increased from approximately $29.9 million in July to $30.9 million in September. This upward trend is an encouraging early sign that the Company’s gaming and fintech strategy is beginning to gain traction. Gaming-related credit card transaction volume was $19.5 million in the third quarter, compared with $84.2 million in the second quarter. Net interchange fee income declined 84.6% to $0.3 million following changes in credit card funding practices by several large sports betting operators. The Company remains committed to its broader gaming payments strategy, which it expects to develop over the long term and does not expect to contribute materially to financial results in the near term.

The Company is making progress across its developing gaming and payments programs. The Distill Taverns fully launched the BoltBetz application across all nine of its Las Vegas locations in September, with early adoption showing encouraging momentum. Terrible’s is expected to launch BoltBetz in early November at three locations with a full rollout planned during 2027. Integration of the BVNKROLL payments infrastructure with the AXES digital casino management system is continuing and should be completed by year end 2026. The LuckyLoads prepaid card is now expected to be launched during the second quarter of 2027. The Company expects to provide additional updates as these programs reach meaningful milestones.

Earnings Call

The Company will host its third quarter 2026 earnings call on Wednesday, October 28, 2026 at 2:00 p.m. PST. Interested parties are welcome to attend the call, which will be held virtually, by registering at https://gbank-financial-earnings-q326.open-exchange.net/. [A replay of the call will be available on the Company’s investor relations website at www.gbankfinancialholdings.com within 24 hours after the end of the call.]

About GBank Financial Holdings Inc.

GBank Financial Holdings Inc. is a bank holding company headquartered in Las Vegas, Nevada and is listed on the Nasdaq Capital Market under the symbol “GBFH.” Through our wholly owned bank subsidiary, GBank, we operate two full-service commercial branches in Las Vegas, Nevada to provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in Nevada, California, Utah, and Arizona. Please visit www.gbankfinancialholdings.com for more information.

Non-GAAP Financial Measures

Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures.

We classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies.

A reconciliation of non-GAAP financial measures to GAAP financial measures is provided at the end of this press release.

Available Information

The Company makes available on its website, www.gbankfinancialholdings.com, SEC filings, earnings releases, investor presentations and other information regarding the Company. The information contained on, or accessible through, the Company’s website is not incorporated by reference into this release.

Forward-Looking Statements

This release contains forward-looking statements regarding the Company’s business, strategy, financial performance and future plans. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Additional information regarding these risks and uncertainties is contained in the Company’s filings with the SEC, including its Annual Report on Form 10-K and subsequent filings. The Company undertakes no obligation to update any forward-looking statements except as required by law.

Investor Relations Contact:

Financial Profiles, Inc.
Meghan O’Leary and Lisa Fortuna
gbank@finprofiles.com

GBank Financial Holdings Inc.
Condensed Consolidated Balance Sheets
(Unaudited)

																Linked Quarter						Quarter Year-Over-Year
																9/30/26 vs. 6/30/26						9/30/26 vs. 9/30/25
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			$ Var			% Var			$ Var			% Var
Assets
Cash and Due From Banks	$	3,504		$	6,726		$	4,960		$	5,326		$	4,988		$	(3,222	)		-47.9	%	$	(1,484	)		-29.8	%
Interest-Bearing Deposits With Other Financial Institutions		109,836			134,603			103,134			192,538			98,402			(24,767	)		-18.4	%		11,434			11.6	%
Total Cash and Cash Equivalents		113,340			141,329			108,094			197,864			103,390			(27,989	)		-19.8	%		9,950			9.6	%

Investment Securities:
Available For Sale, at Fair Value		114,558			115,018			111,320			71,038			85,774			(460	)		-0.4	%		28,784			33.6	%
Held to Maturity, at Amortized Cost		–			–			–			–			38,578			–			0.0	%		(38,578	)		-100.0	%
Loans Held For Sale		69,727			50,848			74,507			46,009			66,791			18,879			37.1	%		2,936			4.4	%
Loans, Net of Deferred Fees and Costs:
Commercial and Industrial		80,766			80,766			81,623			80,216			66,226			–			0.0	%		14,540			22.0	%
Commercial Real Estate – Non-owner Occupied		877,631			849,634			823,966			750,565			743,084			27,997			3.3	%		134,547			18.1	%
Commercial Real Estate – Owner Occupied		88,391			88,216			91,578			94,576			97,396			175			0.2	%		(9,005	)		-9.2	%
Construction and Land Development		3,248			2,255			2,270			2,288			2,115			993			44.0	%		1,133			53.6	%
Multifamily		14,745			18,836			18,930			18,950			18,979			(4,091	)		-21.7	%		(4,234	)		-22.3	%
Residential		1,604			1,284			816			1,316			3,828			320			24.9	%		(2,224	)		-58.1	%
Consumer		5,445			6,361			5,953			11,358			8,963			(916	)		-14.4	%		(3,518	)		-39.3	%
Total Loans, Net of Deferred Fees and Costs		1,071,830			1,047,352			1,025,136			959,269			940,591			24,478			2.3	%		131,239			14.0	%
Less: Allowance for Credit Losses		(13,935	)		(12,418	)		(10,755	)		(9,890	)		(10,577	)		(1,517	)		12.2	%		(3,358	)		31.7	%
Total Net Loans		1,057,895			1,034,934			1,014,381			949,379			930,014			22,961			2.2	%		127,881			13.8	%

Loan Servicing Asset		12,500			12,270			11,376			11,140			10,621			230			1.9	%		1,879			17.7	%
Restricted Investment in Bank Stock		5,797			5,797			5,513			5,513			5,513			–			0.0	%		284			5.2	%
All Other Assets		82,774			71,506			68,621			78,548			60,697			11,268			15.8	%		22,077			36.4	%
Total Assets	$	1,456,591		$	1,431,702		$	1,393,812		$	1,359,491		$	1,301,378		$	24,889			1.7	%	$	155,213			11.9	%
Liabilities
Non-Interest Bearing Demand	$	196,547		$	233,444		$	215,063		$	214,127		$	227,921		$	(36,897	)		-15.8	%	$	(31,374	)		-13.8	%
Interest Bearing Demand		59,114			65,995			79,186			70,966			63,741			(6,881	)		-10.4	%		(4,627	)		-7.3	%
Savings and Money Market		275,629			353,066			281,426			289,038			281,435			(77,437	)		-21.9	%		(5,806	)		-2.1	%
Certificates of Deposit		632,638			553,227			595,290			568,564			519,080			79,411			14.4	%		113,558			21.9	%
Total Deposits		1,163,928			1,205,732			1,170,965			1,142,695			1,092,177			(41,804	)		-3.5	%		71,751			6.6	%


Short-Term Borrowings		60,000			–			–			371			–			60,000		N/M				60,000		N/M
Subordinated Debt		30,354			30,328			30,326			26,163			26,144			26			0.1	%		4,210			16.1	%
Operating Lease Liability		5,191			5,382			5,571			5,757			5,942			(191	)		-3.5	%		(751	)		-12.6	%
Other Liabilities		21,739			17,450			19,328			18,750			18,922			4,289			24.6	%		2,817			14.9	%
Total Liabilities		1,281,212			1,258,892			1,226,190			1,193,736			1,143,185			22,320			1.8	%		138,027			12.1	%

Equity
Common Stock		1			1			1			1			1			–			0.0	%		–			0.0	%
Additional Paid-in Capital		83,769			82,606			81,999			80,405			80,016			1,163			1.4	%		3,753			4.7	%
Retained Earnings		95,996			92,143			86,681			85,366			77,970			3,853			4.2	%		18,026			23.1	%
Accumulated Other Comprehensive (Loss) Income		(4,387	)		(1,940	)		(1,059	)		(17	)		206			(2,447	)		126.1	%		(4,593	)		-2229.6	%
Total Stockholders’ Equity		175,379			172,810			167,622			165,755			158,193			2,569			1.5	%		17,186			10.9	%
Total Liabilities & Stockholders’ Equity	$	1,456,591		$	1,431,702		$	1,393,812		$	1,359,491		$	1,301,378		$	24,889			1.7	%	$	155,213			11.9	%

Book Value Per Common Share	$	12.08		$	11.94		$	11.58		$	11.52		$	11.07		$	0.14			1.1	%	$	1.01			9.1	%

GBank Financial Holdings Inc.
Condensed Consolidated Income Statements
(Unaudited)

	Three Months Ended															Nine Months Ended
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Interest Income
Loans	$	21,046		$	20,093		$	18,958		$	20,196		$	18,919		$	60,097		$	53,413
Deposits With Other Financial Institutions		1,073			1,296			1,257			1,018			1,160			3,626			3,718
Investment Securities		1,400			1,326			1,102			1,404			1,421			3,828			4,117
Other Interest Bearing Balances		153			14			277			121			122			444			338
Total Interest Income		23,672			22,729			21,594			22,739			21,622			67,995			61,586

Interest Expense
Deposits		9,192			9,509			8,893			8,998			8,339			27,594			23,473
Short-term Borrowings and Subordinated Debt		866			419			510			286			285			1,795			833
Total Interest Expense		10,058			9,928			9,403			9,284			8,624			29,389			24,306

Net Interest Income		13,614			12,801			12,191			13,455			12,998			38,606			37,280
(Provision) Net Benefit for Credit Losses – Loans		(2,617	)		(2,829	)		(2,323	)		130			(2,207	)		(7,769	)		(3,996	)
Net (Provision) Benefit for Credit Losses – Unfunded Commitments		(29	)		(15	)		30			52			(12	)		(14	)		(36	)
Net Interest Income after Provision for Credit Losses		10,968			9,957			9,898			13,637			10,779			30,823			33,248

Non-Interest Income
Gain on Sales of Loans		4,701			5,544			3,790			3,625			3,592			14,035			8,722
Loan Servicing Income		1,311			1,248			998			963			762			3,557			2,215
Service Charges and Fees		59			86			58			56			60			203			171
Net Interchange Fees		281			1,823			2,191			1,806			2,406			4,295			5,944
Gain on Sale of Investment Securities		–			–			–			426			–			–			–
Other Income		374			448			417			387			357			1,239			971
Total Non-Interest Income		6,726			9,149			7,454			7,263			7,177			23,329			18,023

Non-Interest Expenses
Salaries and Employee Benefits		7,892			6,808			6,750			6,237			6,589			21,450			19,224
Occupancy Expenses		491			399			410			410			418			1,300			1,210
Other Expenses		4,438			4,791			8,716			4,813			5,310			17,945			13,185
Total Non-Interest Expenses		12,821			11,998			15,876			11,460			12,317			40,695			33,619

Income Before Provision For Income Taxes		4,873			7,108			1,476			9,440			5,639			13,457			17,652
Provision For Income Taxes		(1,008	)		(1,625	)		(139	)		(2,026	)		(1,282	)		(2,772	)		(3,992	)
Net Income Before Equity Investment Loss		3,865			5,483			1,337			7,414			4,357			10,685			13,660
Net Loss Attributable to Equity Investment		(12	)		(21	)		(22	)		(18	)		(49	)		(55	)		(127	)
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533

Earnings Per Share	$	0.27		$	0.38		$	0.09		$	0.52		$	0.30		$	0.73		$	0.95
Earnings Per Share (Diluted)	$	0.27		$	0.38		$	0.09		$	0.51		$	0.30		$	0.73		$	0.93
Average Common Shares Outstanding		14,506			14,470			14,415			14,360			14,280			14,464			14,270
Diluted Average Common Shares Outstanding		14,532			14,544			14,506			14,555			14,525			14,513			14,510

GBank Financial Holdings Inc.
Quarter-to-Date Average Balances, Rates, and Interest Income and Expense
(Unaudited)

	For the Three Months Ended
	September 30, 2026							June 30, 2026							September 30, 2025
(Dollars in thousands)	Average				Yield/			Average				Yield/			Average				Yield/
	Balance		Interest		Rate⁽¹⁾			Balance		Interest		Rate⁽¹⁾			Balance		Interest		Rate⁽¹⁾
ASSETS:
Interest Bearing Deposits	$	107,642	$	1,073		3.95	%	$	134,527	$	1,296		3.86	%	$	97,822	$	1,160		4.70	%
Investment Securities:
Taxable		117,425		1,400		4.73	%		114,526		1,326		4.64	%		122,158		1,421		4.62	%
Loans and Loans Held For Sale		1,136,863		21,046		7.34	%		1,102,289		20,093		7.31	%		960,679		18,919		7.81	%
Restricted Investment in Bank Stock		5,797		153		10.47	%		5,750		14		0.98	%		5,513		122		8.78	%
Total Earning Assets		1,367,727		23,672		6.87	%		1,357,092		22,729		6.72	%		1,186,172		21,622		7.23	%

Cash and Due From Banks		5,772							6,804							7,050
Other Assets		70,213							67,682							54,801
Total Assets	$	1,443,712						$	1,431,578						$	1,248,023

LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Interest-bearing Demand	$	61,578		425		2.74	%	$	69,922		498		2.86	%	$	60,404		320		2.10	%
Money Market and Savings		329,477		2,943		3.54	%		339,718		3,113		3.68	%		307,322		2,938		3.79	%
Certificates of Deposit		568,012		5,824		4.07	%		579,583		5,898		4.08	%		456,611		5,081		4.41	%
Total Interest-Bearing Deposits		959,067		9,192		3.80	%		989,223		9,509		3.86	%		824,337		8,339		4.01	%

Short-Term Borrowings		43,978		444		4.01	%		–		–		0.00	%		–		–		0.00	%
Subordinated Debt		30,337		422		5.52	%		30,319		419		5.54	%		26,132		285		4.33	%
Total Interest-Bearing Liabilities		1,033,382		10,058		3.86	%		1,019,542		9,928		3.91	%		850,469		8,624		4.02	%

Noninterest-bearing Deposits		206,464							212,756							217,547
Other Liabilities		25,990							25,914							23,115
Stockholders’ Equity		177,876							173,366							156,892
Total Liabilities & Stockholders’ Equity	$	1,443,712						$	1,431,578						$	1,248,023

Net Interest Income			$	13,614						$	12,801						$	12,998

Total Yield on Earning Assets						6.87	%						6.72	%						7.23	%
Cost on Interest-Bearing Liabilities						3.86	%						3.91	%						4.02	%
Average Interest Spread						3.01	%						2.81	%						3.21	%
Net Interest Margin						3.95	%						3.78	%						4.35	%

^{(1) Ratios are annualized on an actual/actual basis}

GBank Financial Holdings Inc.
Year-to-Date Average Balances, Rates, and Interest Income and Expense
(Unaudited)

	For the Nine Months Ended
	September 30, 2026							September 30, 2025
(Dollars in thousands)	Average				Yield/			Average				Yield/
	Balance		Interest		Rate⁽¹⁾			Balance		Interest		Rate⁽¹⁾
ASSETS:
Interest Bearing Deposits	$	124,989	$	3,626		3.88	%	$	105,457	$	3,718		4.71	%
Investment Securities:
Taxable		111,283		3,828		4.60	%		115,815		4,117		4.75	%
Loans and Loans Held For Sale		1,094,009		60,097		7.34	%		913,143		53,413		7.82	%
Restricted Investment in Bank Stock		5,688		444		10.44	%		5,179		338		8.73	%
Total Earning Assets		1,335,969		67,995		6.80	%		1,139,594		61,586		7.23	%

Cash and Due From Banks		5,892							6,686
Other Assets		68,963							45,348
Total Assets	$	1,410,824						$	1,191,628

LIABILITIES & STOCKHOLDERS’ EQUITY
Deposits:
Interest-bearing Demand	$	68,182		1,444		2.83	%	$	62,120		991		2.13	%
Money Market and Savings		315,221		8,600		3.65	%		291,899		8,279		3.79	%
Certificates of Deposit		572,351		17,550		4.10	%		419,011		14,203		4.53	%
Total Interest-Bearing Deposits		955,754		27,594		3.86	%		773,030		23,473		4.06	%

Short-Term Borrowings		14,825		444		4.00	%		–		–		0.00	%
Subordinated Debt		29,893		1,351		6.04	%		26,113		833		4.26	%
Total Interest-Bearing Liabilities		1,000,472		29,389		3.93	%		799,143		24,306		4.07	%

Noninterest-bearing Deposits		210,611							219,869
Other Liabilities		25,671							21,897
Stockholders’ Equity		174,070							150,719
Total Liabilities & Stockholders’ Equity	$	1,410,824						$	1,191,628

Net Interest Income			$	38,606						$	37,280

Total Yield on Earning Assets						6.80	%						7.23	%
Cost on Interest-Bearing Liabilities						3.93	%						4.07	%
Average Interest Spread						2.87	%						3.16	%
Net Interest Margin						3.86	%						4.37	%

^{(1) Ratios are annualized on an actual/actual basis}

GBank Financial Holdings Inc.
Additional Financial Information
(Unaudited)

	Three Months Ended															For the Nine Months Ended
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Key Performance Metrics
Return on Average Assets-Net Income⁽¹⁾		1.06	%		1.53	%		0.39	%		2.20	%		1.37	%		1.01	%		1.52	%
Return on Average Stockholders’ Equity⁽¹⁾		8.59	%		12.64	%		3.12	%		18.03	%		10.89	%		8.16	%		12.00	%
Efficiency Ratio		63.03	%		54.66	%		80.81	%		55.31	%		61.05	%		65.71	%		60.79	%
Net Interest Margin⁽¹⁾		3.95	%		3.78	%		3.86	%		4.21	%		4.35	%		3.86	%		4.37	%
Net Revenue⁽¹⁾	$	20,340		$	21,950		$	19,645		$	20,718		$	20,175		$	61,935		$	55,303
Common Equity / Assets		12.04	%		12.07	%		12.03	%		12.19	%		12.16	%		12.04	%		12.16	%
Tier 1 Leverage Ratio – Bank		13.37	%		13.15	%		13.39	%		13.42	%		13.72	%		13.37	%		13.72	%

Selected Loan Metrics
Guaranteed Portion of Loans Held for Sale	$	69,727		$	50,848		$	74,507		$	46,009		$	66,791		$	69,727		$	66,791
Guaranteed Portion of Loans Held for Investment		164,497			174,971			177,617			183,739			193,688			164,497			193,688
Total Guaranteed Loans		234,224			225,819			252,124			229,748			260,479			234,224			260,479
Guaranteed Loans as a Percent of Total Loans⁽²⁾		15.3	%		16.7	%		17.3	%		19.2	%		20.6	%		15.3	%		20.6	%
SBA Loan Originations	$	171,696		$	131,420		$	189,851		$	106,744		$	207,683		$	492,967		$	469,290
SBA Loans Sold	$	84,454		$	110,075		$	79,036		$	92,258		$	110,820		$	273,565		$	261,680
Gain on Loan Sales Margin⁽²⁾		5.57	%		5.04	%		4.79	%		3.93	%		3.24	%		5.13	%		3.33	%

Asset Quality
Total nonaccrual loans	$	42,891		$	51,648		$	39,736		$	32,141		$	34,608		$	42,891		$	34,608
Loans past due 90 days and still accruing		417			868			–			854			184			417			184
Other real estate owned		10,927			5,663			4,401			4,401			2,684			10,927			2,684
Total non-performing assets	$	54,235		$	58,179		$	44,137		$	37,396		$	37,476		$	54,235		$	37,476
Non-performing assets: guaranteed portion	$	25,469		$	36,876		$	34,340		$	28,240		$	27,112		$	25,469		$	27,112
Non-performing assets: non-guaranteed portion	$	28,766		$	21,303		$	9,797		$	9,156		$	10,364		$	28,766		$	10,364

Non-performing assets to total assets		3.72	%		4.06	%		3.17	%		2.75	%		2.88	%		3.72	%		2.88	%
Non-performing assets, excluding guaranteed, to total assets⁽²⁾		1.97	%		1.49	%		0.70	%		0.67	%		0.80	%		1.97	%		0.80	%
Net charge-offs	$	1,100		$	1,167		$	1,457		$	557		$	836		$	3,724		$	2,534

Loans past due 30-89 days and accruing	$	1,998		$	12,202		$	6,255		$	9,843		$	3,595		$	1,998		$	3,595
Loans past due 30-89 days and accruing: guaranteed portion	$	–		$	2,491		$	2,474		$	4,574		$	2,351		$	–		$	2,351
Loans past due 30-89 days and accruing: non-guaranteed portion	$	1,998		$	9,710		$	3,781		$	5,269		$	1,244		$	1,998		$	1,244

Allowance for credit losses (ACL)	$	13,935		$	12,418		$	10,755		$	9,890		$	10,577		$	13,935		$	10,577
Nonaccrual loans	$	42,891		$	51,648		$	39,736		$	32,141		$	34,608		$	42,891		$	34,608
ACL to nonaccrual loans		32	%		24	%		27	%		31	%		31	%		32	%		31	%
ACL to nonaccrual loans, excluding guaranteed⁽²⁾		80	%		65	%		122	%		136	%		141	%		80	%		141	%
ACL to loans		1.30	%		1.19	%		1.05	%		1.03	%		1.12	%		1.30	%		1.12	%
ACL to loans, excluding guaranteed⁽²⁾		1.54	%		1.42	%		1.27	%		1.28	%		1.42	%		1.54	%		1.42	%

Book Value
Stockholders’ Equity	$	175,379		$	172,810		$	167,622		$	165,755		$	158,193		$	175,379		$	158,193
Common shares outstanding		14,520			14,470			14,470			14,385			14,288			14,520			14,288
Book value per common share	$	12.08		$	11.94		$	11.58		$	11.52		$	11.07		$	12.08		$	11.07
Full-Time Equivalent Employees		179			189			189			184			187			179			187

⁽¹⁾Ratios are annualized on an actual/actual basis
⁽²⁾See Reconciliation of Non-GAAP Financial Measures

GBank Financial Holdings Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

	Three Months Ended															For the Nine Months Ended
($’s in 000, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025

Pre-Provision Net Revenue⁽¹⁾
Net Interest Income	$	13,614		$	12,801		$	12,191		$	13,455		$	12,998		$	38,606		$	37,280
Non-Interest Income		6,726			9,149			7,454			7,263			7,177			23,329			18,023
Net Revenue	$	20,340		$	21,950		$	19,645		$	20,718		$	20,175		$	61,935		$	55,303
Non-Interest Expense		12,821			11,998			15,876			11,460			12,317			40,695			33,619
Pre-Provision Net Revenue	$	7,519		$	9,952		$	3,769		$	9,258		$	7,858		$	21,240		$	21,684
Less:
(Provision) Net Benefit for Credit Losses		(2,646	)		(2,844	)		(2,293	)		182			(2,219	)		(7,783	)		(4,032	)
Provision For Income Taxes		(1,008	)		(1,625	)		(139	)		(2,026	)		(1,282	)		(2,772	)		(3,992	)
Net Loss Attributable to Equity Investment		(12	)		(21	)		(22	)		(18	)		(49	)		(55	)		(127	)
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533

Adjusted Diluted Earnings Per Share⁽²⁾
Net Income	$	3,853		$	5,462		$	1,315		$	7,396		$	4,308		$	10,630		$	13,533
Non-core Items:
Form S-1 and Uplift Costs		–			–			–			–			30			–			1,079
Severance Related Expenses		520			–			–			257			900			520			900
Credit Card Fraud Losses		(23	)		52			4,213			–			–			4,242
Costs Incurred Related to Discontinued Credit Card Marketing Campaign		–			–			–			416			1,692			–			1,692
Net Gain on Sales of Investment Securities		–			–			–			(426	)		–			–			–
Third-party Fraud Loss		100															100
Tax Effect of Non-core Items^(a)		(124	)		(12	)		(963	)		(55	)		(597	)		(1,099	)		(835	)
Net Income Excluding Non-core Items	$	4,326		$	5,502		$	4,565		$	7,588		$	6,333		$	14,393		$	16,369

Weighted average diluted shares outstanding		14,532			14,544			14,506			14,555			14,525			14,513			14,510

Diluted Earnings Per Share	$	0.27		$	0.38		$	0.09		$	0.51		$	0.30		$	0.73		$	0.93
Adjusted Diluted Earnings Per Share	$	0.30		$	0.38		$	0.31		$	0.52		$	0.44		$	0.99		$	1.13

Gain on Loan Sales Margin⁽¹⁾
Gain on Sale of Loans	$	4,701		$	5,544		$	3,790		$	3,625		$	3,592		$	14,035		$	8,722
Loans Sold		84,454			110,075			79,036			92,258			110,820			273,565			261,680
Gain on Loan Sales Margin		5.57	%		5.04	%		4.79	%		3.93	%		3.24	%		5.13	%		3.33	%

Guaranteed Loans as a Percent of Loans⁽³⁾
SBA and USDA Guaranteed Loans	$	164,497		$	174,971		$	177,617		$	183,739		$	193,688		$	164,497		$	193,688
Loans, Net of Deferred Fees and Costs		1,071,830			1,047,352			1,025,136			959,269			940,591			1,071,830			940,591
Guaranteed Loans as a % of Loans		15.3	%		16.7	%		17.3	%		19.2	%		20.6	%		15.3	%		20.6	%

Non-performing assets, excluding guaranteed, to total assets⁽³⁾
Non-performing assets	$	54,235		$	58,179		$	44,137		$	37,396		$	37,476		$	54,235		$	37,476
Less: SBA and USDA guaranteed portions of non-performing assets		25,469			36,876			34,340			28,240			27,112			25,469			27,112
Non-performing assets, excluding guaranteed portions		28,766			21,303			9,797			9,156			10,364			28,766			10,364
Total assets		1,456,591			1,431,702			1,393,812			1,359,491			1,301,378			1,456,591			1,301,378
Non-performing assets, excluding guaranteed, to total assets		1.97	%		1.49	%		0.70	%		0.67	%		0.80	%		1.97	%		0.80	%

Allowance for credit losses (ACL) to nonaccrual loans, excluding guaranteed⁽³⁾
Nonaccrual loans	$	42,891		$	51,648		$	39,736		$	32,141		$	34,608		$	42,891		$	34,608
Less: SBA and USDA guaranteed portions of nonaccrual loans		25,469			32,481			30,949			24,849			27,111			25,469			27,111
Nonaccrual loans, excluding guaranteed portions		17,422			19,167			8,787			7,292			7,497			17,422			7,497
ACL to nonaccrual loans, excluding guaranteed		80	%		65	%		122	%		136	%		141	%		80	%		141	%

ACL to loans, excluding guaranteed⁽³⁾
Loans, net of deferred fees and costs	$	1,071,830		$	1,047,352		$	1,025,136		$	959,269		$	940,591		$	1,071,830		$	940,591
Less: SBA and USDA guaranteed portions of loans		164,497			174,971			177,617			183,739			193,688			164,497			193,688
Loans, excluding guaranteed		907,333			872,381			847,519			775,530			746,903			907,333			746,903
ACL to loans, excluding guaranteed		1.54	%		1.42	%		1.27	%		1.28	%		1.42	%		1.54	%		1.42	%

Non-GAAP Financial Measures Footnotes
(1) We utilize this non-GAAP measurement to present trends in income generation of the Company.
(2) We utilize this non-GAAP measurement to present the core earnings and core ratios of the Company by excluding certain significant non-core expenses.
(3) We utilize these non-GAAP measurements to provide useful metrics regarding the at-risk assets of the Company.

(a) Estimated tax impact calculated using each respective period’s effective tax rate.

Posted in UncategorizedTagged GlobeNewswire

KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND

Posted on October 28, 2026 by Ravi Shankar

Dallas, Texas, Oct. 28, 2026 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of five cents ($0.05) per share on its common stock, payable on December 10, 2026 to stockholders of record at the close of business on November 19, 2026.

Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.

* * * * *

Investor Relations Contact

Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700

Posted in UncategorizedTagged GlobeNewswire

California Water Service Group Board of Directors Declares 327th Consecutive Quarterly Dividend

Posted on October 28, 2026 by Ravi Shankar

SAN JOSE, Calif., Oct. 28, 2026 (GLOBE NEWSWIRE) — At its meeting on October 28, 2026, the California Water Service Group (Group, NYSE: CWT) Board of Directors declared the Company’s 327^th consecutive quarterly dividend in the amount of $0.3350 per common share, payable on November 20, 2026, to stockholders of record as of the close of business on November 9, 2026.

About California Water Service Group

California Water Service Group is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service Company (the Company), Hawaii Water Service Company, Inc., New Mexico Water Service Company, and Washington Water Service Company, and its utility holding company, TWSC, Inc. This year, the Company commemorates a century of service.

Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The Company’s nearly 1,300 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The Company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work^®. More information is available at www.calwatergroup.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management’s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions, are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing the expected timing of the quarterly dividend payment. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to, those described under the section entitled “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q, and our other Securities and Exchange Commission filings. In light of these risks, uncertainties, and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.

CONTACT:	Shannon Dean, sdean@calwater.com, (408) 367-8243
	Jim Lynch, jlynch@calwater.com, (408) 367-8200

Posted in UncategorizedTagged GlobeNewswire

Black Hills Corp. Announces Quarterly Dividend

Posted on October 28, 2026 by Ravi Shankar

Third-quarter 2026 earnings call and webcast are Thursday, November 5

RAPID CITY, S.D., Oct. 28, 2026 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held Oct. 28, 2026. Common shareholders of record at the close of business on Nov. 17, 2026, will receive $0.703 per share, payable Dec. 1, 2026.

The company also confirms that it will release its 2026 third-quarter earnings after the market closes Wednesday, Nov. 4, 2026, and will host a live conference call and webcast at 11 a.m. EST on Thursday, Nov. 5, 2026, to discuss the company’s financial results.

To participate by phone and ask a question during the live broadcast, participants can access the event directly at Black Hills Corp. Conference Call. Please allow at least five minutes to register. Upon registration, dial-in information will be provided, including a personal identification number.

To access a listen-only webcast and view presentation slides, please register at Black Hills Corp. Webcast. At the conclusion of the call, a replay of the broadcast will be available at this link and at Black Hills’ investor relations website for up to one year.

Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.37 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.

Investor Relations
Sal Diaz
investorrelations@blackhillscorp.com

24-Hour Media Relations Line
888-242-3969

Posted in UncategorizedTagged GlobeNewswire

Intellia Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Posted on October 28, 2026 by Ravi Shankar

CAMBRIDGE, Mass., Oct. 28, 2026 (GLOBE NEWSWIRE) — Intellia Therapeutics, Inc. (Nasdaq: NTLA), a leading biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies, today announced that it awarded inducement grants on October 26, 2026, to its Executive Vice President and Chief Medical Officer, Jing Marantz, M.D., Ph.D., as a material inducement to employment.

The inducement grants consisted of (1) non-qualified stock options to purchase 275,061 shares of Intellia’s common stock with an exercise price of $11.26 per share (the “option award”), the closing price of Intellia’s common stock as reported by Nasdaq Global Market on October 26, 2026, with one-third of the options underlying the option award vesting on the first anniversary of the grant date and the remainder vesting monthly thereafter until fully vested on the third anniversary of the grant date and (2) time-based restricted stock units (“RSUs”) for 199,822 shares of Intellia’s common stock (the “RSU award”), with one-third of the shares underlying the RSU award vesting on each of the three consecutive anniversaries of the grant date.

All equity vesting is subject to Dr. Marantz’s continued service as an employee of, or other service provider to, Intellia through the applicable vesting dates.

All of the above-described awards were granted outside of Intellia’s stockholder-approved equity incentive plans pursuant to Intellia’s 2024 Inducement Plan, as amended, which was initially adopted by the board of directors in June 2024. These awards were approved by a majority of the independent directors of Intellia’s board of directors as a material inducement to Dr. Marantz’s entering into employment with Intellia in accordance with Nasdaq Listing Rule 5635(c)(4).

About Intellia Therapeutics

Intellia Therapeutics, Inc. (Nasdaq: NTLA) is a leading biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies. The company’s mission is to transform the lives of people with severe diseases by developing and commercializing potentially curative treatments. With deep scientific, technical and clinical development experience, Intellia aims to reset the standard for medicine by durably treating the root causes of disease. Learn more at intelliatx.com and follow us @intelliatx.

Investor Contact:
Jason Fredette
Vice President, Investor Relations and Corporate Communications
Intellia Therapeutics, Inc.
jason.fredette@intelliatx.com

Media Contact:
Mike Tattory
Vice President
LifeSci Communications
mtattory@lifescicomms.com

Posted in UncategorizedTagged GlobeNewswire

Origin Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend

Posted on October 28, 2026 by Ravi Shankar

RUSTON, La., Oct. 28, 2026 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (NYSE: OBK) (“Origin”), the holding company for Origin Bank, today announced that on October 28, 2026, its board of directors declared a quarterly cash dividend of $0.28 per share of its common stock. The cash dividend will be paid on November 30, 2026, to stockholders of record as of the close of business on November 13, 2026.

About Origin Bancorp, Inc.

Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s 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 it serves. Origin provides a broad range of financial services and currently operates more than 57 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, Alabama and the Florida Panhandle. In addition, Origin provides a broad range of insurance agency products and services through its wholly owned insurance agency subsidiary, Forth Insurance, LLC. For more information, visit www.origin.bank and www.forthinsurance.com.

Forward-Looking Statements

When used in filings by Origin Bancorp, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”), in the Company’s press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “projects,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will,” and “would” or variations of such terms” are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Factors that might cause such a difference include among other things: the expected payment date of its quarterly cash dividend; changes in economic conditions; other legislative changes generally; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company’s ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company’s market area; competition; and changes in management’s business strategies and other factors set forth in the Company’s filings with the SEC.

The Company does not undertake and specifically declines any obligation – to update or revise any forward-looking statements to reflect events or circumstances that occur after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information
Investor Relations
Chris Reigelman
318-497-3177
chris@origin.bank

Media Contact
Ryan Kilpatrick
318-232-7472
rkilpatrick@origin.bank

Posted in UncategorizedTagged GlobeNewswire

Omega Flex, Inc. Announces Third Quarter 2026 Earnings

Posted on October 28, 2026 by Ravi Shankar

EXTON, Pa., Oct. 28, 2026 (GLOBE NEWSWIRE) —

	OMEGA FLEX, INC. (OFLX)
	Nine Months Ended September 30,				Three Months Ended September 30,
	2026		2025		2026		2025
Net Sales	$72,847,000		$73,089,000		$25,697,000		$24,234,000
Net Income attributable to Omega Flex, Inc.	$7,111,000		$11,412,000		$2,359,000		$3,688,000
Earnings Per Share – Basic and Diluted	$0.70		$1.13		$0.23		$0.37
Weighted Average Shares – Basic and Diluted		10,094,322		10,094,322		10,094,322		10,094,322

Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. (the “Company”), announced that net sales of the Company for the nine months ended September 30, 2026 and 2025 were $72,847,000 and $73,089,000, respectively, decreasing by $242,000 or 0.3%. Net sales for the three months ended September 30, 2026 were 6.0% higher than net sales for the three months ended September 30, 2025.

Net income for the nine months ended September 30, 2026 was $7,111,000, compared to net income of $11,412,000 for the nine months ended September 30, 2025, decreasing by $4,301,000 or 37.7% (the “Nine Month Decrease”). Net income for the three months ended September 30, 2026 was 36.0% below net income for the same period in 2025 (the “Three Month Decrease”). The decrease in net income was mainly due to higher raw material costs (including inbound transportation costs and tariffs) and marketing efforts. The higher costs and expenses described above were partly offset by lower product liability reserves and expenses.

Approximately 52% of the Nine Month Decrease, and 102% of the Three Month Decrease, was due to the above-described higher raw material costs (including inbound transportation costs and tariffs) and marketing efforts that were attributable to the procurement of inventory and introduction of the new re-engineered flexible gas piping fitting described below. These higher costs will continue as the Company procures raw materials to achieve targeted inventory levels and markets the new fitting. However, the Company believes that these higher costs will be limited in duration and will normalize over time.

During the nine months ended September 30, 2026, the Company continued to pursue product enhancements intended to strengthen its market position. On July 1, 2026, the Company introduced a re-engineered flexible gas piping fitting designed to support a broader range of applications across both residential and commercial construction markets. The new TracPipe^® System branded fitting is designed to ease installation while enhancing overall safety and reliability. The Company believes that in the commercial sector, the fitting is particularly well suited for larger diameter systems, including sizes up to two inches, helping to address the requirements of more demanding installations. The Company continues to make targeted investments in equipment and facilities intended to expand capacity, enhance operational efficiency, and support geographic growth by improving its ability to serve customers and distribution partners across existing and new markets.

INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s financial condition, results of operations, future performance, growth strategies, business initiatives and anticipated trends. Forward-looking statements can generally be identified by words such as “may,” “should,” “will,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” “projects,” the negative of these terms, or other comparable terminology. These forward-looking statements may include the Company’s projections, statements related to the Company’s anticipated growth strategies, descriptions of business initiatives and anticipated trends in the Company’s business. Forward-looking statements are neither historical facts nor assurances of future performance. Rather, they are based on current beliefs, expectations and assumptions regarding the Company’s business, strategies and anticipated events and trends. These statements are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict, many of which are outside of our control, and actual results could differ materially from those expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update or revise any forward-looking statements to reflect events or circumstances after the date hereof. Further information regarding risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements is included in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) and in the Company’s subsequent reports and filings with the SEC, as applicable.

Contact: Dean W. Rivest
(610) 524-7272

Posted in UncategorizedTagged GlobeNewswire

Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance

Posted on October 28, 2026 by Ravi Shankar

` – Quarterly Revenue of $385.9 Million, up 39% Year-over-Year –
– Quarterly Net Income of $28.7 Million, up 93% Year-over-Year –
– Quarterly Adjusted EBITDA of $62.2 Million, up 73% Year-over-Year –
– Record Quarterly Monthly-Active-Users in North America –
– Reiterating Full Year 2026 Revenue and Adjusted EBITDA Guidance –

CHICAGO, Oct. 28, 2026 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the third quarter ended September 30, 2026.

Third Quarter 2026 Highlights

Revenue was $385.9 million, an increase of 39%, compared to $277.9 million during the third quarter of 2025.
Net income was $28.7 million, an increase of 93%, compared to $14.8 million during the third quarter of 2025.
Adjusted EBITDA¹ was $62.2 million, an increase of 73%, compared to $36.0 million during the third quarter of 2025, demonstrating continued operating leverage.
Adjusted sales and marketing expense¹ was $54.7 million, representing 14.2% of revenue.
Monthly Active Users (“MAU”) totaled 907,881, an increase of 42% compared to the third quarter of 2025.
- MAUs in North America were 300,572, an increase of 34% year-over-year.
- MAUs in Latin America (which includes Mexico) were 607,308, an increase of 46% year-over-year.
Average Revenue per Monthly Active User (“ARPMAU”) in North America was $309 during the third quarter of 2026 while ARPMAU in Latin America (which includes Mexico) was $58.

_________________________

¹ This is a non-GAAP financial measure. Please see “Non-GAAP Financial Measures” for more information about this non-GAAP financial measure and “Reconciliations of GAAP to Non-GAAP Financial Measures” for any applicable reconciliation of the most comparable measure calculated in accordance with GAAP to this non-GAAP financial measure.

Richard Schwartz, Chief Executive Officer of RSI, said, “Our third quarter results demonstrated the scale we’ve built into our business model. We grew revenues 39% while demonstrating continued operating leverage, even as we invested more in marketing where we saw attractive returns. Online casino remains the engine of our profitability, and we’re pleased to have reached a new quarterly record this period for monthly active users in North America.

“In Latin America, revenue growth continues to be strong on both a gross and net basis, and we are encouraged that customers who joined us during the World Cup continue to play across our products. In Alberta, we are now more than three months into our launch, and while we expect the ramp to be gradual, we’re excited about the opportunities in this new market.

“We enter the fourth quarter with a strong balance sheet, a scalable profitability model, continued marketing efficiency, and the flexibility to be opportunistic on how we invest in long-term growth.”

Guidance

The Company is reiterating its Revenue and Adjusted EBITDA¹ guidance for the full year ending December 31, 2026.

Revenue for full year 2026 is expected to be in the range of $1.56 and $1.60 billion, representing year-over-year growth of 38% to 41%.

Adjusted EBITDA for full year 2026 is expected to be in the range of $245 and $265 million, representing year-over-year growth of 59% to 72%.

These guidance ranges reflect our confidence in the underlying strength of our business, while incorporating prudent assumptions about market maturation and competitive dynamics. Additional assumptions include that (i) only operations in live jurisdictions as of today’s date are included, and (ii) RSI continues to operate in markets in which it is live today under similar tax structures, including the temporary emergency 16% tax decree in Colombia.

Earnings Conference Call and Webcast Details

RSI will host a conference call and audio webcast to discuss the third quarter 2026 financial results today at 6:00 p.m. Eastern Time (5:00 p.m. Central Time). A question-and-answer session will follow the prepared remarks.

The conference call may be accessed by dialing 1-833-461-5787 (Toll Free) or 1-585-542-9983 (Local). For international callers, please reference https://help.events.q4inc.com/eahc/international-dial-in-numbers. The conference call access code is 667719786

A live audio webcast of the earnings conference call may be accessed on RSI’s website at ir.rushstreetinteractive.com, along with a copy of this press release and an investor slide presentation. The audio webcast and investor slide presentation will be available on RSI’s investor relations website until at least November 30, 2026.

About Rush Street Interactive

RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Canada (Alberta and Ontario), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 by gaming industry veterans, RSI was named the 2025 EGR LatAm Awards Operator of the Year – North LatAm, the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the SBC Latinoamérica Awards 2024 Casino Operator of the Year, the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the 2021 Sportsbook Operator of the Year. RSI was also the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.

Non-GAAP Financial Measures

In addition to providing financial measurements based on accounting principles generally accepted in the United States of America (“GAAP”), this press release includes certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA, Adjusted Operating Costs and Expenses, Adjusted Earnings Per Share, Adjusted Net Income and Adjusted Weighted Average Common Shares Outstanding, each of which is a non-GAAP performance measure that RSI uses to supplement its results presented in accordance with GAAP. A reconciliation of each such non-GAAP financial measure to the most directly comparable GAAP financial measure can be found below. RSI believes that presentation of these non-GAAP financial measures provides useful information to investors regarding RSI’s results of operations and operating performance, as they are similar to measures reported by its public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for any GAAP financial measures and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.

By providing full year 2026 Adjusted EBITDA guidance, RSI provided its expectation of a forward-looking non-GAAP financial measure. Information reconciling full year 2026 Adjusted EBITDA to its most directly comparable GAAP financial measure, net income (loss), is unavailable to RSI without unreasonable effort due to, among other things, the inherent difficulty in forecasting and quantifying the comparable GAAP measure and the applicable adjustments and other amounts that would be necessary for such a reconciliation, and certain of these amounts are outside of RSI’s control and may be subject to high variability or complexity. Preparation of such reconciliations would also require a forward-looking balance sheet, statement of operations and statement of cash flows, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to RSI without unreasonable effort. RSI provides a range for its Adjusted EBITDA forecast that it believes will be achieved; however, RSI cannot provide any assurance that it can predict all of the components of the Adjusted EBITDA calculation. RSI provides a forecast for Adjusted EBITDA because it believes that Adjusted EBITDA, when viewed with RSI’s results calculated in accordance with GAAP, provides useful information for the reasons noted herein. However, Adjusted EBITDA is not a measure of financial performance or liquidity under GAAP and, accordingly, should not be considered as an alternative to net income (loss) or cash flow from operating activities or as an indicator of operating performance or liquidity.

RSI defines Adjusted EBITDA as net income (loss) before interest, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments. Adjusted EBITDA excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash or are not related to our underlying business performance.

RSI defines Adjusted Operating Costs and Expenses as RSI’s GAAP operating costs and expenses adjusted to exclude the impacts of share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Operating Costs and Expenses excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash or are not related to our underlying business performance.

RSI defines Adjusted Earnings Per Share as Adjusted Net Income divided by Adjusted Weighted Average Common Shares Outstanding. Adjusted Net Income is defined as net income (loss) attributable to Rush Street Interactive, Inc. as used in the diluted earnings (loss) per share calculations, adjusted for the reallocation of net income (loss) attributable to non-controlling interests, share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Weighted Average Common Shares Outstanding is defined as the weighted average number of common shares outstanding as used in the diluted earnings (loss) per share calculation, adjusted for the assumed conversion of the non-controlling interest’s Rush Street Interactive, LP Class A units to Class A common stock of RSI on a one-to-one basis and incremental shares from assumed conversion of stock options and restricted stock units not otherwise included in the diluted earnings (loss) per share calculation.

RSI includes these non-GAAP financial measures because management uses them to evaluate RSI’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Management believes that these non-GAAP financial measures provide investors with useful information on RSI’s past financial and operating performance, enable comparison of financial results from period-to-period where certain items may vary independent of business performance, and allow for greater transparency with respect to metrics used by RSI’s management in operating our business. Management also believes these non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics generally eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.

Key Metrics

RSI provides certain key metrics, including MAUs and ARPMAU, in this press release. RSI defines MAUs as the number of unique users per month who have placed at least one real-money bet across one or more of our online casino, poker, or online sports betting offerings, and it defines ARPMAU as average revenue divided by average MAUs for the applicable period.

The numbers RSI uses to calculate MAUs and ARPMAU are based on internal RSI data. While these numbers are based on what RSI believes to be reasonable judgments and estimates of its customer base for the applicable period of measurement, there are inherent challenges in measuring usage and engagement with respect to RSI’s online offerings across its customer base. Such challenges and limitations may also affect RSI’s understanding of certain details of its business. In addition, RSI’s key metrics and related estimates, including the definitions and calculations of the same, may differ from estimates published by third parties or from similarly titled metrics of its competitors due to differences in operations, offerings, methodology and access to information. RSI regularly reviews, and may adjust its processes for calculating, its internal metrics to improve their accuracy.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “propose”, “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding revenue and Adjusted EBITDA guidance, RSI’s future results of operations, financial condition, cash flows or profitability (whether on a GAAP or non-GAAP basis), currency fluctuations, RSI’s strategic plans and focus, anticipated launches or withdrawals of RSI’s current or new offerings in existing or future jurisdictions, player growth and engagement, product initiatives, outcomes of current or future regulatory developments and the objectives of management for future operations. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI’s control and are difficult to predict. Factors that may cause such differences include, without limitation: changes in applicable laws and regulations, applicable taxes and tax rates; RSI’s ability to manage and sustain growth; RSI’s ability to execute its business plan, meet its projections and obtain relevant market access and/or gaming licenses; unanticipated product or service delays; new or competitive products offered by RSI’s competitors; general economic and market conditions impacting the demand for RSI’s products and services; economic and market conditions in the gaming, entertainment and leisure industry in the markets in which RSI operates; the potential adverse effects of general economic conditions, inflation and interest rates and unemployment on RSI’s liquidity, operations and personnel; and other risks and uncertainties indicated from time to time in RSI’s filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Media Contacts:
Lisa Johnson
lisa@lisajohnsoncommunications.com

Investor Contact:
ir@rushstreetinteractive.com

Rush Street Interactive, Inc. Condensed Consolidated Statements of Operations (Unaudited and in thousands, except per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenue	$	385,851	$	277,911	$	1,149,988	$	809,535

Operating costs and expenses
Costs of revenue		245,434		183,466		737,746		528,496
Sales and marketing		56,001		39,043		153,278		118,314
General and administrative		29,614		25,746		93,355		74,505
Depreciation and amortization		12,149		10,188		33,950		29,506
Total operating costs and expenses		343,198		258,443		1,018,329		750,821
Income from operations		42,653		19,468		131,659		58,714

Other income (expense)
Interest income, net		4,137		2,555		10,569		6,435
Change in tax receivable agreement liability		—		—		—		(113,037	)
Total other income (expense)		4,137		2,555		10,569		(106,602	)
Income (loss) before income taxes		46,790		22,023		142,228		(47,888	)

Income tax expense (benefit)		18,118		7,177		58,050		(102,775	)
Net income		28,672		14,846		84,178		54,887
Net income attributable to non-controlling interests		16,838		8,791		51,728		26,825
Net income attributable to Rush Street Interactive, Inc.	$	11,834	$	6,055	$	32,450	$	28,062

Earnings per common share attributable to Rush Street Interactive, Inc. – basic	$	0.10	$	0.06	$	0.30	$	0.30
Weighted average common shares outstanding – basic		115,708,955		96,223,133		109,657,744		95,051,128
Earnings per common share attributable to Rush Street Interactive, Inc. – diluted	$	0.10	$	0.06	$	0.28	$	0.23
Weighted average common shares outstanding – diluted		120,847,062		236,373,831		114,358,682		234,958,924

Rush Street Interactive, Inc. Condensed Consolidated Statements of Comprehensive Income (Unaudited and in thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income	$	28,672	$	14,846	$	84,178	$	54,887

Other comprehensive income
Foreign currency translation adjustment, net of tax		2,676		3,683		13,087		9,759
Comprehensive income		31,348		18,529		97,265		64,646
Comprehensive income attributable to non-controlling interests		18,371		11,185		59,516		33,214
Comprehensive income attributable to Rush Street Interactive, Inc.	$	12,977	$	7,344	$	37,749	$	31,432

Rush Street Interactive, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited and in thousands)

	Nine Months Ended September 30,
		2026			2025
	(Unaudited)			(Unaudited)
Cash flows from operating activities
Net income	$	84,178		$	54,887
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization expense		33,950			29,506
Share-based compensation expense		21,423			21,290
Deferred income taxes		15,490			(121,409	)
Noncash lease expense		875			740
Change in tax receivable agreement liability		—			113,037
Changes in operating assets and liabilities:
Players’ receivables		1,169			(6,603	)
Due from affiliates		1,398			804
Prepaid expenses and other assets		(6,072	)		(4,506	)
Accounts payable, accrued expenses and other liabilities		(10,988	)		4,087
Players’ liabilities		1,911			4,082
Net cash provided by operating activities		143,334			95,915

Cash flows from investing activities
Internally developed software costs		(23,746	)		(21,612	)
Acquisition of license fee intangible assets		(5,069	)		(3,178	)
Acquisition of other intangible assets		(4,980	)		(2,458	)
Purchases of property and equipment		(1,482	)		(590	)
Proceeds from short-term investments		1,219			—
Purchases of short-term investments		—			(1,029	)
Net cash used in investing activities		(34,058	)		(28,867	)

Cash flows from financing activities
Payments for employee taxes related to shares withheld		(30,940	)		(24,400	)
Repurchase and retirement of Class A Common Stock		(28,800	)		—
Repurchase of Class A Common Stock		(13,528	)		(7,634	)
Principal payments of finance leases and other financing obligations		(5,112	)		(2,369	)
Tax distributions to non-controlling interests		(2,904	)		—
Payments of tax receivable agreement liability		(1,066	)		—
Proceeds from exercise of stock options		980			—
Net cash used in financing activities		(81,370	)		(34,403	)

Effect of exchange rate changes on cash, cash equivalents and restricted cash		17,501			12,152

Net change in cash, cash equivalents and restricted cash		45,407			44,797
Cash, cash equivalents and restricted cash, at the beginning of the period⁽¹⁾		340,504			232,756
Cash, cash equivalents and restricted cash, at the end of the period⁽¹⁾	$	385,911		$	277,553

	Nine Months Ended September 30,
	2026		2025
	(Unaudited)		(Unaudited)
Supplemental disclosure of noncash investing and financing activities:
Right-of-use assets obtained in exchange for new or modified operating lease liabilities	$	—	$	487
Right-of-use assets obtained in exchange for new or modified finance lease liabilities	$	2,828	$	3,482
Allocation of equity and non-controlling interests upon changes in RSILP ownership	$	19,151	$	5,192
Employee tax liability related to shares withheld in Other Current Liabilities	$	149	$	1,921
Investing activities in Accounts Payable and Accrued Expenses	$	643	$	336
Acquisition of license fee intangible assets through recognition of a financing obligation	$	2,038	$	—
Re-issuance of treasury stock under the equity compensation plan	$	7,634	$	—

Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	37,659	$	29,369
Cash paid for interest	$	618	$	695

Adjusted EBITDA:

Rush Street Interactive, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited and in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
*($ in thousands)*		2026			2025			2026			2025
Net income	$	28,672		$	14,846		$	84,178		$	54,887

Interest income, net		(4,137	)		(2,555	)		(10,569	)		(6,435	)
Income tax expense (benefit)		18,118			7,177			58,050			(102,775	)
Depreciation and amortization		12,149			10,188			33,950			29,506
Share-based compensation expense		7,414			6,379			21,423			21,290
Change in tax receivable agreement liability		—			—			—			113,037
Adjusted EBITDA	$	62,216		$	36,035		$	187,032		$	109,510

Adjusted Operating Costs and Expenses:

	Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025
GAAP operating costs and expenses:
Costs of revenue	$	245,434		$	183,466		$	737,746		$	528,496
Sales and marketing		56,001			39,043			153,278			118,314
General and administrative		29,614			25,746			93,355			74,505
Depreciation and amortization		12,149			10,188			33,950			29,506
Total operating costs and expenses	$	343,198		$	258,443		$	1,018,329		$	750,821

Non-GAAP operating cost and expense adjustments:
Costs of revenue¹	$	(87	)	$	(81	)	$	(239	)	$	(223	)
Sales and marketing¹		(1,318	)		(969	)		(3,785	)		(5,248	)
General and administrative¹		(6,009	)		(5,329	)		(17,399	)		(15,819	)
Depreciation and amortization		—			—			—			—
Total non-GAAP operating cost and expense adjustments	$	(7,414	)	$	(6,379	)	$	(21,423	)	$	(21,290	)

Adjusted operating costs and expenses:
Costs of revenue	$	245,347		$	183,385		$	737,507		$	528,273
Sales and marketing		54,683			38,074			149,493			113,066
General and administrative		23,605			20,417			75,956			58,686
Depreciation and amortization		12,149			10,188			33,950			29,506
Total adjusted operating costs and expenses	$	335,784		$	252,064		$	996,906		$	729,531

Non-GAAP Operating Costs and Expense Adjustments include Share-based compensation expense.

Rush Street Interactive, Inc.
Reconciliations of GAAP to Non-GAAP Financial Measures
(Unaudited and in thousands, except share and per share data)

Adjusted Net Income, Adjusted Weighted Average Common Shares Outstanding and Adjusted Earnings Per Share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Adjusted net income
Net income attributable to Rush Street Interactive, Inc. – basic	$	11,834	$	6,055	$	32,450	$	28,062
Effect of diluted securities:
Increase to net income attributable to non-controlling interests		—		8,791		—		26,825
Net income attributable to Rush Street Interactive, Inc. – diluted		11,834		14,846		32,450		54,887
Adjustments:
Net income attributable to non-controlling interest⁽¹⁾		16,838		—		51,728		—
Share-based compensation expense		7,414		6,379		21,423		21,290
Change in tax receivable agreement liability		—		—		—		113,037
Deferred tax benefit associated with initial recognition of deferred tax asset		—		—		—		(121,107	)
Adjusted net income	$	36,086	$	21,225	$	105,601	$	68,107

Adjusted weighted-average common shares outstanding
Weighted-average common shares outstanding – basic		115,708,955		96,223,133		109,657,744		95,051,128
Adjustments:
Incremental shares from assumed conversion of stock options and restricted stock units		5,138,107		7,869,982		4,700,938		6,700,806
Conversion of weighted-average RSILP units to Class A Common Shares		—		132,280,716		—		133,206,990
Weighted-average common shares outstanding – diluted		120,847,062		236,373,831		114,358,682		234,958,924
Adjustments:
Conversion of weighted-average RSILP units to Class A Common Shares⁽¹⁾		115,990,399		—		122,035,568		—
Adjusted weighted-average common shares outstanding		236,837,461		236,373,831		236,394,250		234,958,924

Adjusted earnings per share
Earnings per common share attributable to Rush Street Interactive, Inc. – basic	$	0.10	$	0.06	$	0.30	$	0.30
Earnings per common share attributable to Rush Street Interactive, Inc. – diluted	$	0.10	$	0.06	$	0.28	$	0.23
Adjusted earnings per share	$	0.15	$	0.09	$	0.45	$	0.29

⁽¹⁾Adjusted net income includes the reallocation of net income attributable to non-controlling interests that is not otherwise included in net income attributable to Rush Street Interactive, Inc. – diluted. Adjusted weighted-average common shares outstanding includes the assumed conversion of weighted-average RSILP units to Class A Common Shares that is not otherwise included in Weighted-average common shares outstanding – diluted.

Rush Street Interactive, Inc. Condensed Consolidated Balance Sheets (Unaudited and in thousands, except share and per share data)

	September 30, 2026			December 31, 2025
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	381,910		$	336,256
Restricted cash		4,001			4,248
Players’ receivables		14,938			15,859
Due from affiliates		18,549			19,947
Prepaid expenses and other current assets		36,768			30,481
Total current assets		456,166			406,791

Intangible assets, net		81,630			76,436
Property and equipment, net		9,142			7,740
Deferred tax assets, net		273,018			157,862
Other assets		8,649			9,683
Total assets	$	828,605		$	658,512

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	31,487		$	41,585
Accrued expenses		97,804			81,514
Players’ liabilities		50,123			47,669
Other current liabilities		26,436			39,506
Total current liabilities		205,850			210,274

Tax receivable agreement liability, non-current		243,389			128,819
Other non-current liabilities		16,993			15,928
Total liabilities		466,232			355,021

Commitments and contingencies

Stockholders’ equity
Class A common stock, $0.0001 par value, 750,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 115,955,422 and 100,691,255 shares issued as of September 30, 2026 and December 31, 2025, respectively; 115,348,275 and 99,958,236 shares outstanding as of September 30, 2026 and December 31, 2025, respectively		12			10
Class V common stock, $0.0001 par value, 200,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 115,830,345 and 129,609,532 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively		12			13
Treasury stock, at cost; 607,147 and 733,019 shares as of September 30, 2026 and December 31, 2025, respectively		(6,750	)		(3,177	)
Additional paid-in capital		264,708			251,579
Accumulated other comprehensive income		7,497			1,431
Accumulated deficit		(70,171	)		(102,621	)
Total stockholders’ equity attributable to Rush Street Interactive, Inc.		195,308			147,235

Non-controlling interests		167,065			156,256
Total stockholders’ equity		362,373			303,491
Total liabilities and stockholders’ equity	$	828,605		$	658,512

Posted in UncategorizedTagged GlobeNewswire

Origin Bancorp, Inc. Reports Earnings For Third Quarter 2026

Posted on October 28, 2026 by Ravi Shankar

RUSTON, La., Oct. 28, 2026 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (TXSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $37.8 million, or $1.22 diluted earnings per share (“EPS”), for the quarter ended September 30, 2026, compared to net income of $33.8 million, or $1.09 diluted EPS, for the quarter ended June 30, 2026. Pre-tax, pre-provision (“PTPP”)⁽¹⁾ earnings were $50.7 million for the quarter ended September 30, 2026, compared to $43.2 million for the linked quarter.

“Our third quarter results reflect the discipline and commitment of our team and the progress we are making through Optimize Origin,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “We are delivering higher levels of profitability while deepening relationships and investing intentionally in our franchise. I am proud of what we accomplished this quarter, and we know there is more work ahead as we continue delivering long-term value to our shareholders.”

⁽¹⁾ PTPP earnings is a non-GAAP financial measure, please see the last few pages of this document for a reconciliation of this alternative financial measure to its most directly comparable GAAP measure.

Optimize Origin

In January 2025, we announced our Optimize Origin initiative to drive elite financial performance and enhance our award-winning culture, and it continues to be an important part of our corporate DNA.
Built on three primary pillars:
- Productivity, Delivery & Efficiency
- Balance Sheet Optimization
- Culture & Employee Engagement
As announced in our Fourth Quarter and Full Year 2025 Earnings Release, our near term ROAA run rate target is 1.15% or higher by 4Q26, as we continue towards our ultimate top quartile ROAA target.

Financial Highlights

The Company continued to deliver strong performance, and in some cases, record performance across numerous key financial metrics including, but not limited to, net income, net interest income, fully tax-equivalent net interest margin (“NIM-FTE”) and diluted earnings per share.
Net income was $37.8 million for the quarter ended September 30, 2026, reflecting an increase of $3.9 million, or 11.6%, compared to the linked quarter.
Non-interest income was $18.1 million for the quarter ended September 30, 2026, reflecting an increase of $2.7 million, or 17.5%, compared to the linked quarter.
Our NIM-FTE increased two basis points to 3.94% for the quarter ended September 30, 2026, compared to the quarter ended June 30, 2026.
Annualized ROAA was 1.47% for the quarter ended September 30, 2026, reflecting an increase of 12 basis points, compared to the quarter ended June 30, 2026.
Total loans held for investment (“LHFI”) were $8.09 billion at September 30, 2026, reflecting an increase of $20.6 million, or 0.3%, compared to June 30, 2026. LHFI, excluding mortgage warehouse lines of credit, were $7.65 billion at September 30, 2026, reflecting an increase of $170.6 million, or 2.3%, compared to June 30, 2026.
During the quarter ended September 30, 2026, we repurchased 272,927 shares of our common stock at an average price of $54.21 per share, including commissions and applicable excise taxes. At September 30, 2026, $106.8 million remains available for share repurchases under the share repurchase program.
In October 2026, our board approved an increase in our quarterly dividend from $0.25 to $0.28 per share, a 12% increase. Combined with the $0.10 per share increase approved in April 2026, the quarterly dividend has increased from $0.15 to $0.28 per share, or 87%, reflecting our strong balance sheet and durable earnings.

Results of Operations for the Quarter Ended September 30, 2026

Net Interest Income and Net Interest Margin

Net interest income for the quarter ended September 30, 2026, was $95.1 million, an increase of $2.9 million, or 3.2%, compared to the quarter ended June 30, 2026. The expansion in net interest income was primarily driven by a $4.3 million increase in interest income, which was partially offset by a $1.4 million increase in interest expense.

The $4.3 million increase in interest income was primarily due to an increase of $3.6 million in interest income on loans held for investment, mainly driven by higher average loan balances, which contributed $1.6 million of the increase. An additional $1.4 million of the increase resulted from one additional calendar day during the current quarter, while the remaining $648,000 was attributable to higher loan yields.

The $1.4 million increase in interest expense was primarily attributable to a $2.1 million increase in interest expense on interest-bearing deposits, partially offset by a $740,000 decrease in interest expense on FHLB advances and other borrowings. The increase in interest expense on interest-bearing deposits was primarily attributable to higher average balances, which increased interest expense by $1.1 million. This impact was primarily related to higher average money market deposit balances, which increased interest expense by $1.6 million, partially offset by lower average balances in interest-bearing demand deposits. Higher rates and one extra day in the quarter contributed another $1.0 million to the increase in interest expense on deposits. The decrease in interest expense on FHLB and other borrowings was mainly attributable to lower average borrowing balances, which decreased interest expense by approximately $762,000.

The Federal Reserve Board sets various benchmark rates, including the federal funds rate, and thereby influences the general market rates of interest, including loan and deposit rates offered by financial institutions. On October 29, 2025, and December 10, 2025, the Federal Reserve Board reduced the federal funds target rate range by 25 basis points each, to a range of 3.50% to 3.75%. On September 16, 2026, the Federal Reserve Board raised the federal funds target rate range by 25 basis points, to a range of 3.75% to 4.00%.

Our NIM-FTE was 3.94% for the quarter ended September 30, 2026, up two basis points from the linked quarter and 29 basis points from the quarter ended September 30, 2025. The yield earned on interest-earning assets was 5.76%, representing a two-basis-point increase and a 13-basis-point decrease compared to the linked quarter and the quarter ended September 30, 2025, respectively. The average rate paid on total interest-bearing liabilities was 2.70%, representing a three-basis-point increase from the linked quarter and down 52 basis points compared to the quarter ended September 30, 2025.

Credit Quality

The table below includes key credit quality information:

	At and For the Three Months Ended									Change			% Change
(Dollars in thousands, unaudited)	September 30, 2026			June 30, 2026			September 30, 2025			Linked Quarter			Linked Quarter
Past due 30 to 89 days and still accruing	$	10,308		$	5,203		$	7,739		$	5,105		98.1	%
Total nonperforming LHFI		72,461			78,522			88,282			(6,061	)	(7.7	)
Nonperforming Assets		75,102			79,281			88,859			(4,179	)	(5.3	)
Allowance for loan credit losses (“ALCL”)		98,378			98,188			96,259			190		0.2
Provision for credit losses		2,606			65			36,820			2,541		N/M
Net charge-offs		2,661			454			31,383			2,207		N/M
Credit quality ratios⁽¹⁾:
ALCL to nonperforming LHFI		135.77	%		125.05	%		109.04	%		10.72	%	N/A
ALCL to total LHFI		1.22			1.22			1.28			—		N/A
ALCL to total LHFI, adjusted⁽²⁾		1.27			1.30			1.35			(0.03	)	N/A
Nonperforming LHFI to LHFI		0.90			0.97			1.17			(0.07	)	N/A
Total nonperforming assets to LHFI & OREO		0.93			0.98			1.18			(0.05	)	N/A
Net charge-offs to total average LHFI (annualized)		0.13			0.02			1.65			0.11		N/A

___________________________
N/A = Not applicable.
N/M – Not meaningful

⁽¹⁾	Please see the Loan Data schedule at the back of this document for additional information.
⁽²⁾	The ALCL to total LHFI, adjusted, is calculated by excluding the ALCL for mortgage warehouse lines of credit loans from the total LHFI ALCL in the numerator and excluding the mortgage warehouse lines of credit loans from the LHFI in the denominator. Due to their low-risk profile, mortgage warehouse lines of credit loans require a disproportionately low allocation of the ALCL.

Our results included a total provision for credit losses of $2.6 million during the quarter ended September 30, 2026, compared to $65,000 for the linked quarter, which includes the provision for loan credit losses, the off-balance sheet commitment credit losses and any provision for security credit losses. The increase was primarily the result of new loan production and an increase in net loan charge-offs, offset by credit migration improvement during the quarter ended September 30, 2026, resulting in provision expense for loan credit losses of $2.9 million compared to a net benefit provision of $373,000 during the linked quarter. For the current quarter, we recorded reserves of $6.1 million related to new loan production and $1.3 million related to net charge-offs not previously reserved, which was primarily offset by $5.2 million in reserve releases related to net credit migration. Net credit migration reflects the combined impact of loan risk rating changes, specific reserve adjustments, and loan balance movements, such as loan balance changes and payoffs.

The ALCL totaled $98.4 million at September 30, 2026, a $190,000 increase compared to the ALCL as of June 30, 2026, and was 1.22% as a percentage of LHFI at both September 30, 2026 and June 30, 2026.

Past due 30 to 89 days and still accruing increased $5.1 million to $10.3 million at September 30, 2026, when compared to June 30, 2026, and represented 0.13% of total LHFI, compared to 0.06% as of June 30, 2026. The increase in loans past due 30 to 89 days and still accruing was primarily driven by increases of $2.5 million, $1.7 million and $1.1 million in the commercial and industrial, commercial real estate and construction/land/land development sectors, respectively. 100% of the increases were in the 30 to 59 days past due category.

Total nonperforming LHFI decreased $6.1 million at September 30, 2026, when compared to June 30, 2026. The decrease in nonperforming LHFI was driven by decreases in the sectors of commercial real estate, construction/land/land development and commercial and industrial, offset by an increase in single-family residential real estate nonperforming LHFI. $1.6 million of the decline in nonperforming LHFI was a result of net paydowns or payoffs of nonperforming loans, primarily in the construction/land/land development sector, impacted by the questioned banker activity first disclosed during the quarter ended June 30, 2024. During the current quarter, six loan relationships totaling $2.2 million previously classified as nonperforming LHFI were transferred to other real estate owned (“OREO”).

Net charge-offs were $2.7 million for the quarter ended September 30, 2026, reflecting an increase of $2.2 million compared to the quarter ended June 30, 2026, primarily reflecting lower recoveries of $1.5 million and an increase of $728,000 in charge-offs. The decrease in recoveries was primarily the result of lower recoveries in the commercial and industrial loan sector and the increase in charge-offs was primarily a result of higher charge-offs in the commercial real estate and commercial and industrial loan sectors.

Noninterest Income

Noninterest income for the quarter ended September 30, 2026, was $18.1 million, an increase of $2.7 million, or 17.5%, from the linked quarter, primarily driven by an increase of $1.7 million in equity method investment income and an increase of $452,000 in insurance commission and fee income.

The $1.7 million increase in equity method investment income was primarily driven by an increase in Argent investment income of $1.2 million compared to the linked quarter and a reduction of $499,000 in limited partnership equity investment loss during the current quarter compared to the linked quarter.

The components of equity method investment income (loss) are as follows:

	At and For the Three Months Ended									$ Change		% Change
(Dollars in thousands, unaudited)	September 30, 2026			June 30, 2026			September 30, 2025			Linked Quarter		Linked Quarter
Argent investment income	$	1,840		$	668		$	1,227		$	1,172	175.4	%
Limited partnership investment loss		(781	)		(1,280	)		(677	)		499	39.0
Total equity method investment income (loss)	$	1,059		$	(612	)	$	550		$	1,671	273.0	%

The $452,000 increase in insurance commission and fee income is primarily the result of an increase in life and health direct bill commission income.

Noninterest Expense

Noninterest expense for the quarter ended September 30, 2026, was $62.5 million, a decrease of $1.9 million, or 3.0% from the linked quarter. The decrease was primarily due to a decrease of $869,000 in other expenses along with a decrease of $543,000 in professional services.

The $869,000 decrease in other expense was primarily due to a $2.2 million release of contingency reserve offset by an $883,000 charge, both of which relate to the settlement of certain litigation involving the questioned banker activity first disclosed during the quarter ended June 30, 2024.

The $543,000 decrease in professional services was primarily due to a $452,000 decrease in consultant fees related to contract renegotiations that occurred during the first half of the 2026 fiscal year.

Financial Condition

The table below discloses the changes in certain balance sheet metrics:

	At and For the Three Months Ended						$ Change			% Change
(Dollars in thousands, unaudited)	September 30, 2026		June 30, 2026		September 30, 2025		Linked Quarter			Linked Quarter
Total LHFI	$	8,094,172	$	8,073,577	$	7,537,099	$	20,595		0.3	%
Average total LHFI		8,059,674		7,954,669		7,523,624		105,005		1.3
Total securities		1,145,994		1,158,652		1,121,551		(12,658	)	(1.1	)
Average total securities		1,165,465		1,178,329		1,127,809		(12,864	)	(1.1	)
Total deposits		8,673,174		8,703,251		8,331,830		(30,077	)	(0.3	)
Average total deposits		8,684,836		8,463,422		8,232,260		221,414		2.6
Total borrowings		15,377		136,878		12,790		(121,501	)	(88.8	)
Average borrowings		57,246		140,897		30,702		(83,651	)	(59.4	)
Total subordinated indebtedness		16,619		16,594		89,715		25		0.2
Average total subordinated indebtedness		16,608		16,582		89,692		26		0.2
Total shareholders’ equity		1,263,687		1,281,057		1,214,756		(17,370	)	(1.4	)
Average total shareholders’ equity		1,287,795		1,275,384		1,227,431		12,411		1.0

Loans

Excluding mortgage warehouse lines of credit, LHFI increased $170.6 million, or 2.3%, from June 30, 2026. The increase was primarily driven by increases of $78.1 million, $66.8 million, and $24.0 million in construction/land/land development, owner-occupied commercial real estate loans and non-owner-occupied commercial real estate, respectively. These increases were partially offset by a decrease of $19.1 million in commercial and industrial loans.
Mortgage warehouse lines of credit at September 30, 2026, were $439.7 million, a decrease of $150.0 million, or 25.4%, from $589.7 million at June 30, 2026, and a decrease of $33.3 million, or 7.0%, compared to September 30, 2025.

Securities

Accumulated other comprehensive loss, net of taxes, primarily associated with unrealized losses within the available for sale portfolio, was $96.4 million at September 30, 2026, an increase of $35.6 million, or 58.5%, from the linked quarter and an increase of $35.2 million, or 57.6% from September 30, 2025.
The weighted average effective duration for the total securities portfolio was 4.65 years as of September 30, 2026, compared to 4.08 years as of June 30, 2026.

Deposits

The increase in average deposits for the current quarter compared to linked quarter was primarily due to increases of $217.0 million and $80.0 million in money market and noninterest-bearing deposits, respectively. Offsetting these increases was a decrease of $79.9 million in average interest-bearing demand deposits.
At September 30, 2026, June 30, 2026, and September 30, 2025, average noninterest-bearing deposits as a percentage of average total deposits were 24.9%, 24.6% and 23.1%, respectively.

Borrowings

The decrease in the current quarter borrowings compared to the linked quarter primarily reflects lower FHLB short-term borrowings as the linked quarter included $125.0 million of additional borrowings used primarily to meet seasonal liquidity needs.

Subordinate debentures

Total subordinated debentures at September 30, 2026, compared to September 30, 2025, declined primarily due to the redemption of $74.0 million in subordinated debentures during the quarter ended December 31, 2025, in conjunction with our Optimize Origin initiative.

Capital

The decrease in shareholder’s equity at September 30, 2026, compared to the linked quarter was mainly due to $35.6 million of other comprehensive loss, net of tax, as well as $14.8 million in common share repurchases and $7.9 million of dividends declared, partially offset by net income of $37.8 million during the quarter ended September 30, 2026.
Uses of regulatory capital since the beginning of 2025 consist of the following:
- Repurchased 1,106,466 shares of our common stock at an average price of $42.97 per share, for a total of $47.5 million, including commissions and applicable excise taxes. There is currently $106.8 million remaining available for share repurchases under the share repurchase program.
- Redeemed $143.6 million of subordinated debentures, including the amortization of the original issue discount and fair value mark.
- Declared $39.4 million in dividends to our shareholders, excluding dividends declared in October 2026.

Conference Call

Origin will hold a conference call to discuss its third quarter 2026 results on Thursday, October 29, 2026, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). To participate in the live conference call, please dial +1 (929) 272-1574 (U.S. Local / International 1); +1 (857) 999-3259 (U.S. Local / International 2); +1 (888) 700-7550 (U.S. Toll Free), enter Conference ID: 40835 and request to be joined into the Origin Bancorp, Inc. (OBK) call. A simultaneous audio-only webcast may be accessed via Origin’s website at www.origin.bank under the Investor Relations, News & Events, Events & Presentations link or directly by visiting https://dealroadshow.com/e/ORIGIN3Q26.

If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

About Origin

Non-GAAP Financial Measures

Origin reports its results in accordance with generally accepted accounting principles in the United States of America (“GAAP”). However, management believes that certain supplemental non-GAAP financial measures may provide meaningful information to investors that is useful in understanding Origin’s results of operations and underlying trends in its business. These non-GAAP financial measures are supplemental and should be viewed in addition to, and not as an alternative for, Origin’s reported results prepared in accordance with GAAP. The following are the non-GAAP measures used in this release: PTPP earnings, PTPP ROAA, tangible book value per common share, and ROATCE.

Please see the last few pages of this release for reconciliations of non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP.

Forward-Looking Statements

This press release 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”, “we”, “our” or the “Company”) future financial performance, business and growth strategies, projected plans and objectives, and any expected purchases of its outstanding common stock, and related transactions and other projections based on macroeconomic and industry trends, including changes to interest rates by the Federal Reserve and the resulting impact on Origin’s results of operations, estimated forbearance amounts and expectations regarding the Company’s liquidity, including in connection with advances obtained from the FHLB, which are all subject to change and may be inherently unreliable due to the multiple factors that impact broader economic and industry trends, and any such changes may be material. Such forward-looking statements are based on various facts and derived utilizing important assumptions and current expectations, estimates and projections about Origin and its subsidiaries, any of which may change over time and some of which may be beyond Origin’s control. Statements or statistics preceded by, followed by or that otherwise include the words “assumes,” “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “projects,” and similar expressions or future or conditional verbs such as “could,” “may,” “might,” “should,” “will,” and “would” and variations of such terms are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing words. Further, certain factors that could affect Origin’s future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: (1) the impact of current and future economic conditions generally and in the financial services industry, nationally and within Origin’s primary market areas, including the impact of tariffs, as well as the financial stress on borrowers and changes to customer and client behavior as a result of the foregoing; (2) changes in benchmark interest rates and the resulting impacts on net interest income; (3) deterioration of Origin’s asset quality; (4) factors that can impact the performance of Origin’s loan portfolio, including real estate values and liquidity in Origin’s primary market areas; (5) the financial health of Origin’s commercial borrowers and the success of construction projects that Origin finances; (6) changes in the value of collateral securing Origin’s loans; (7) the impact of generative artificial intelligence; (8) Origin’s ability to anticipate interest rate changes and manage interest rate risk; (9) the impact of heightened regulatory requirements, reduced debit interchange and overdraft income and the possibility of facing related adverse business consequences if our total assets grow in excess of $10 billion as of December 31 of any calendar year; (10) the effectiveness of Origin’s risk management framework and quantitative models; (11) Origin’s inability to receive dividends from Origin Bank and to service debt, pay dividends to Origin’s common shareholders, repurchase Origin’s shares of common stock and satisfy obligations as they become due; (12) the impact of labor pressures; (13) changes in Origin’s operation or expansion strategy or Origin’s ability to prudently manage its growth and execute its strategy; (14) changes in management personnel; (15) Origin’s ability to maintain important customer relationships, reputation or otherwise avoid liquidity risks; (16) increasing costs as Origin grows deposits; (17) operational risks associated with Origin’s business; (18) significant turbulence or a disruption in the capital or financial markets and the effect of market disruption and interest rate volatility on our investment securities; (19) increased competition in the financial services industry, particularly from regional and national institutions, as well as from fintech companies; (20) compliance with governmental and regulatory requirements and changes in laws, rules, regulations, interpretations or policies relating to financial institutions; (21) periodic changes to the extensive body of accounting rules and best practices; (22) further government intervention in the U.S. financial system; (23) a deterioration of the credit rating for U.S. long-term sovereign debt; (24) Origin’s ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; (25) natural disasters and other adverse weather events, pandemics, acts of terrorism, war, and other matters beyond Origin’s control; (26) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; (27) fraud or misconduct by internal or external actors (including Origin employees); (28) cybersecurity threats or security breaches and the cost of defending against them; (29) Origin’s ability to maintain adequate internal controls over financial and non-financial reporting; and (30) potential claims, damages, penalties, fines, costs and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions. For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Origin’s most recent and future Annual Reports on Form 10-K filed with the Securities and Exchange Commission and any updates to those sections set forth in Origin’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Origin’s underlying assumptions prove to be incorrect, actual results may differ materially from what Origin anticipates. Accordingly, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Origin does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

New risks and uncertainties arise from time to time, and it is not possible for Origin to predict those events or how they may affect Origin. In addition, Origin cannot assess the impact of each factor on Origin’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Origin or persons acting on Origin’s behalf may issue. Annualized, pro forma, adjusted, projected, and estimated numbers are used for illustrative purposes only, are not forecasts, and may not reflect actual results.

This press release contains projected financial information with respect to Origin, including with respect to certain goals and strategic initiatives of Origin and the anticipated benefits thereof. This projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to significant business, economic (including interest rate), competitive, and other risks and uncertainties. Actual results may differ materially from the results contemplated by the projected financial information contained herein and the inclusion of such projected financial information in this release should not be regarded as a representation by any person that such actions will be taken or accomplished or that the results reflected in such projected financial information with respect thereto will be achieved.

Contact:

Investor Relations
Chris Reigelman
318-497-3177
chris@origin.bank

Media Contact
Ryan Kilpatrick
318-232-7472
rkilpatrick@origin.bank

Origin Bancorp, Inc. Selected Quarterly Financial Data (Unaudited)

	Three Months Ended
	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025

Income statement and share amounts	(Dollars in thousands, except per share amounts)
Net interest income	$	95,140		$	92,200		$	87,244		$	86,694		$	83,704
Provision for credit losses		2,606			65			4,965			3,158			36,820
Noninterest income		18,080			15,393			16,795			16,736			26,128
Noninterest expense		62,489			64,412			63,797			62,823			62,028
Income before income tax expense		48,125			43,116			35,277			37,449			10,984
Income tax expense		10,347			9,270			7,584			7,933			2,361
Net income	$	37,778		$	33,846		$	27,693		$	29,516		$	8,623
PTPP earnings⁽¹⁾	$	50,731		$	43,181		$	40,242		$	40,607		$	47,804
Basic earnings per common share		1.23			1.10			0.89			0.95			0.28
Diluted earnings per common share		1.22			1.09			0.89			0.95			0.27
Dividends declared per common share		0.25			0.25			0.15			0.15			0.15
Weighted average common shares outstanding – basic		30,769,835			30,848,905			30,942,565			30,964,128			31,183,092
Weighted average common shares outstanding – diluted		31,081,681			31,157,927			31,203,348			31,168,548			31,363,571

Balance sheet data
Total LHFI	$	8,094,172		$	8,073,577		$	7,864,221		$	7,670,917		$	7,537,099
Total LHFI excluding mortgage warehouse lines of credit		7,654,495			7,483,871			7,341,931			7,142,136			7,064,131
Total assets		10,105,114			10,276,930			10,188,144			9,724,722			9,791,306
Total deposits		8,673,174			8,703,251			8,756,268			8,307,247			8,331,830
Total shareholders’ equity		1,263,687			1,281,057			1,260,275			1,246,685			1,214,756

Performance metrics and capital ratios
Yield on LHFI		6.17	%		6.14	%		6.06	%		6.22	%		6.33	%
Yield on interest-earning assets		5.76			5.74			5.56			5.76			5.89
Cost of interest-bearing deposits		2.68			2.64			2.66			2.90			3.20
Cost of total deposits		2.01			1.99			2.05			2.20			2.46
NIM – fully tax equivalent (“FTE”)		3.94			3.92			3.71			3.73			3.65
Return on average assets (annualized) (“ROAA”)		1.47			1.35			1.11			1.19			0.35
PTPP ROAA (annualized)⁽¹⁾		1.97			1.73			1.61			1.64			1.95
Return on average shareholders’ equity (annualized) (“ROAE”)		11.64			10.64			8.86			9.50			2.79
Return on average tangible common equity (annualized) (“ROATCE”)⁽¹⁾		13.27			12.17			10.15			10.95			3.22
Book value per common share	$	41.29		$	41.52		$	40.81		$	40.28		$	39.23
Tangible book value per common share⁽¹⁾		36.14			36.37			35.61			35.04			33.95
Efficiency ratio⁽²⁾		55.19	%		59.87	%		61.32	%		60.74	%		56.48	%
Common equity tier 1 to risk-weighted assets⁽³⁾		13.74			13.41			13.60			13.54			13.59
Tier 1 capital to risk-weighted assets⁽³⁾		13.85			13.59			13.79			13.73			13.79
Total capital to risk-weighted assets⁽³⁾		15.07			14.74			14.99			14.91			15.90
Tier 1 leverage ratio⁽³⁾		11.98			12.05			11.74			11.86			11.69

__________________________

⁽¹⁾	PTPP earnings, PTPP ROAA, ROATCE and tangible book value per common share are either non-GAAP financial measures or use a non-GAAP contributor in the formula. For a reconciliation of these alternative financial measures to their most directly comparable GAAP measures, please see the last few pages of this release.
⁽²⁾	Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.
⁽³⁾	Ratios are calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve Board. September 30, 2026 ratios are estimated.

Origin Bancorp, Inc. Selected Year-To-Date Financial Data (Unaudited)

	Nine Months Ended September 30,
(Dollars in thousands, except per share amounts)		2026			2025

Income statement and share amounts
Net interest income	$	274,584		$	244,299
Provision for credit losses		7,636			43,126
Noninterest income		50,268			43,098
Noninterest expense		190,698			186,079
Income before income tax expense		126,518			58,192
Income tax expense		27,201			12,511
Net income	$	99,317		$	45,681
PTPP earnings⁽¹⁾	$	134,154		$	101,318
Basic earnings per common share		3.22			1.46
Diluted earnings per common share		3.19			1.46
Dividends declared per common share		0.65			0.45
Weighted average common shares outstanding – basic		30,853,135			31,193,739
Weighted average common shares outstanding – diluted		31,172,097			31,382,010

Performance metrics
Yield on LHFI		6.13	%		6.33	%
Yield on interest-earning assets		5.69			5.85
Cost of interest-bearing deposits		2.66			3.21
Cost of total deposits		2.02			2.48
NIM-FTE		3.86			3.57
ROAA (annualized)		1.31			0.63
PTPP ROAA (annualized)⁽¹⁾		1.77			1.39
ROAE (annualized)		10.40			5.11
ROATCE (annualized)⁽¹⁾		11.89			5.93
Efficiency ratio⁽²⁾		58.70			64.75

____________________________

⁽¹⁾	PTPP earnings, PTPP ROAA, and ROATCE are either non-GAAP financial measures or use a non-GAAP contributor in the formula. For a reconciliation of these alternative financial measures to their most directly comparable GAAP measures, please see the last few pages of this release.
⁽²⁾	Calculated by dividing noninterest expense by the sum of net interest income plus noninterest income.

Origin Bancorp, Inc. Consolidated Quarterly Statements of Income (Unaudited)

	Three Months Ended
	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025		September 30, 2025

Interest and dividend income	(Dollars in thousands, except per share amounts)
Interest and fees on loans	$	125,458		$	121,857		$	114,161		$	119,282	$	120,096
Investment securities-taxable		8,844			9,039			8,776			8,991		8,767
Investment securities-nontaxable		1,632			1,517			1,486			1,487		1,523
Interest and dividend income on assets held in other financial institutions		4,101			3,310			6,873			4,884		5,753
Total interest and dividend income		140,035			135,723			131,296			134,644		136,139
Interest expense
Interest-bearing deposits		44,108			42,001			43,702			46,510		51,026
FHLB advances and other borrowings		543			1,283			111			102		273
Subordinated indebtedness		244			239			239			1,338		1,136
Total interest expense		44,895			43,523			44,052			47,950		52,435
Net interest income		95,140			92,200			87,244			86,694		83,704
Provision for credit losses		2,606			65			4,965			3,158		36,820
Net interest income after provision for credit losses		92,534			92,135			82,279			83,536		46,884
Noninterest income
Insurance commission and fee income		7,335			6,883			9,597			5,931		6,598
Service charges and fees		5,324			5,334			4,951			5,043		4,965
Other fee income		2,639			2,321			2,295			2,128		2,262
Mortgage banking revenue		591			848			563			680		726
Swap fee income		402			32			54			58		1,387
Change in fair value of equity investments		—			—			—			—		6,972
(Loss) gain on sales of securities, net		(30	)		1			—			—		—
Equity method investment income (loss)		1,059			(612	)		(1,517	)		1,859		550
Other income		760			586			852			1,037		2,668
Total noninterest income		18,080			15,393			16,795			16,736		26,128
Noninterest expense
Salaries and employee benefits		40,521			40,374			38,397			37,015		37,863
Occupancy and equipment, net		7,322			7,201			6,984			6,961		7,079
Data processing		3,854			3,738			4,050			3,672		3,526
Office and operations		3,040			3,174			2,937			3,243		3,184
Professional services		1,266			1,809			2,649			2,703		1,395
Intangible asset amortization		1,333			1,484			1,485			1,499		1,583
Electronic banking		944			935			1,442			1,545		1,470
Advertising and marketing		1,516			1,650			1,360			1,746		1,524
Regulatory assessments		1,184			1,364			1,335			1,528		1,269
Loan-related expenses		740			1,045			895			787		979
Other expenses		769			1,638			2,263			2,124		2,156
Total noninterest expense		62,489			64,412			63,797			62,823		62,028
Income before income tax expense		48,125			43,116			35,277			37,449		10,984
Income tax expense		10,347			9,270			7,584			7,933		2,361
Net income	$	37,778		$	33,846		$	27,693		$	29,516	$	8,623

Origin Bancorp, Inc. Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Assets
Cash and due from banks	$	84,416		$	87,315		$	90,641		$	73,122		$	94,062
Interest-bearing deposits in banks		262,666			459,216			575,562			351,095			532,847
Total cash and cash equivalents		347,082			546,531			666,203			424,217			626,909
Securities:
AFS		1,117,665			1,142,223			1,151,402			1,117,176			1,104,789
Held to maturity, net of allowance for credit losses		22,493			10,557			10,557			10,559			10,559
Securities carried at fair value through income		5,836			5,872			6,197			6,215			6,203
Total securities		1,145,994			1,158,652			1,168,156			1,133,950			1,121,551
Non-marketable equity securities held in other financial institutions		33,136			37,662			31,193			31,069			31,041
Equity method investments		64,168			63,141			66,091			67,502			65,643
Loans held for sale		628			1,146			2,935			1,032			312
LHFI		8,094,172			8,073,577			7,864,221			7,670,917			7,537,099
Less: ALCL		98,378			98,188			99,015			96,782			96,259
LHFI, net of ALCL		7,995,794			7,975,389			7,765,206			7,574,135			7,440,840
Premises and equipment, net		134,673			133,783			126,916			124,249			122,899
Cash surrender value of bank-owned life insurance		42,466			42,215			41,968			41,726			41,478
Goodwill		128,679			128,679			128,679			128,679			128,679
Other intangible assets, net		29,059			30,393			31,877			33,362			34,861
Accrued interest receivable and other assets		183,435			159,339			158,920			164,801			177,093
Total assets	$	10,105,114		$	10,276,930		$	10,188,144		$	9,724,722		$	9,791,306
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	$	2,176,440		$	2,260,015		$	2,062,982		$	1,979,875		$	2,000,324
Interest-bearing deposits		5,727,032			5,684,879			5,895,932			5,497,920			5,516,821
Time deposits		769,702			758,357			797,354			829,452			814,685
Total deposits		8,673,174			8,703,251			8,756,268			8,307,247			8,331,830
FHLB advances and other borrowings		15,377			136,878			12,609			19,050			12,790
Subordinated indebtedness		16,619			16,594			16,569			16,544			89,715
Accrued expenses and other liabilities		136,257			139,150			142,423			135,196			142,215
Total liabilities		8,841,427			8,995,873			8,927,869			8,478,037			8,576,550
Shareholders’ equity:
Common stock		153,014			154,252			154,397			154,762			154,839
Additional paid-in capital		526,652			530,959			532,773			533,541			532,975
Retained earnings		680,431			656,674			633,949			612,523			588,106
Accumulated other comprehensive loss		(96,410	)		(60,828	)		(60,844	)		(54,141	)		(61,164	)
Total shareholders’ equity		1,263,687			1,281,057			1,260,275			1,246,685			1,214,756
Total liabilities and shareholders’ equity	$	10,105,114		$	10,276,930		$	10,188,144		$	9,724,722		$	9,791,306

Origin Bancorp, Inc. Loan Data (Unaudited)

	At and For the Three Months Ended
	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025

LHFI	(Dollars in thousands)
Owner-occupied commercial real estate	$	1,115,338		$	1,048,534		$	999,440		$	1,004,801		$	986,859
Non-owner-occupied commercial real estate		1,607,135			1,583,170			1,511,138			1,519,104			1,520,020
Construction/land/land development		776,682			698,610			641,273			611,220			615,778
Single-family residential real estate		1,437,148			1,425,285			1,442,792			1,444,611			1,460,696
Multifamily residential real estate		577,102			568,445			555,527			553,149			540,601
Total real estate loans		5,513,405			5,324,044			5,150,170			5,132,885			5,123,954
Commercial and industrial		2,122,572			2,141,623			2,173,126			1,989,218			1,919,782
Mortgage warehouse lines of credit		439,677			589,706			522,290			528,781			472,968
Consumer		18,518			18,204			18,635			20,033			20,395
Total LHFI		8,094,172			8,073,577			7,864,221			7,670,917			7,537,099
Less: ALCL		98,378			98,188			99,015			96,782			96,259
LHFI, net	$	7,995,794		$	7,975,389		$	7,765,206		$	7,574,135		$	7,440,840

Nonperforming assets⁽¹⁾
Nonperforming LHFI
Commercial real estate	$	9,773		$	15,479		$	19,891		$	13,212		$	11,736
Construction/land/land development		15,319			16,365			19,427			16,388			17,047
Single-family residential real estate		37,100			35,595			37,809			39,480			41,964
Multifamily residential real estate		—			—			—			—			2,404
Commercial and industrial		10,213			11,015			10,074			11,919			15,043
Consumer		56			68			65			185			88
Total nonperforming LHFI		72,461			78,522			87,266			81,184			88,282
Other real estate owned/repossessed assets		2,641			759			1,007			694			577
Total nonperforming assets	$	75,102		$	79,281		$	88,273		$	81,878		$	88,859
Classified assets	$	148,679		$	144,410		$	154,599		$	148,322		$	138,910
Past due 30 to 89 days and still accruing	$	10,308			5,203			17,624			14,764			7,739

Allowance for loan credit losses
Balance at beginning of period	$	98,188		$	99,015		$	96,782		$	96,259		$	92,426
Provision for loan credit losses		2,851			(373	)		5,010			3,693			35,216
Loans charged off		3,224			2,496			3,963			4,328			32,206
Loan recoveries		563			2,042			1,186			1,158			823
Net charge-offs		2,661			454			2,777			3,170			31,383
Balance at end of period	$	98,378		$	98,188		$	99,015		$	96,782		$	96,259

Credit quality ratios
Total nonperforming assets to total assets		0.74	%		0.77	%		0.87	%		0.84	%		0.91	%
Total nonperforming assets to loans & OREO		0.93			0.98			1.12			1.07			1.18
Nonperforming LHFI to LHFI		0.90			0.97			1.11			1.06			1.17
Past due 30 to 89 days and still accruing to LHFI		0.13			0.06			0.22			0.19			0.10
ALCL to nonperforming LHFI		135.77			125.05			113.46			119.21			109.04
ALCL to total LHFI		1.22			1.22			1.26			1.26			1.28
ALCL to total LHFI excl. mortgage warehouse lines of credit ⁽²⁾		1.27			1.30			1.34			1.34			1.35
Net charge-offs to total average LHFI (annualized)		0.13			0.02			0.15			0.17			1.65

____________________________

⁽¹⁾	Nonperforming assets consist of nonperforming/nonaccrual loans and property acquired through foreclosures or repossession, as well as bank-owned property not in use and listed for sale, if any.
⁽²⁾	The ALCL to total LHFI excl. mortgage warehouse lines of credit, is calculated by excluding the ALCL for mortgage warehouse lines of credit loans from the total LHFI ALCL in the numerator and excluding the mortgage warehouse lines of credit loans from the LHFI in the denominator. Due to their low-risk profile, mortgage warehouse lines of credit loans require a disproportionately low allocation of the ALCL.

Origin Bancorp, Inc. Average Balances and Yields/Rates (Unaudited)

	Three Months Ended
	September 30, 2026						June 30, 2026						September 30, 2025
	Average Balance		Income/Expense		Yield/Rate⁽¹⁾		Average Balance		Income/Expense		Yield/Rate⁽¹⁾		Average Balance		Income/Expense		Yield/Rate⁽¹⁾

Assets	(Dollars in thousands)
Commercial real estate	$	2,643,416	$	39,273	5.89	%	$	2,563,643	$	37,196	5.82	%	$	2,450,148	$	36,101	5.85	%
Construction/land/land development		742,095		12,654	6.77			675,151		11,603	6.89			644,455		11,454	7.05
Single-family residential real estate		1,432,824		19,917	5.51			1,428,511		19,627	5.51			1,460,412		20,004	5.43
Multifamily residential real estate		578,468		9,086	6.23			572,052		8,688	6.09			532,354		8,428	6.28
Commercial and industrial (“C&I”)		2,164,704		36,393	6.67			2,212,814		36,675	6.65			1,994,755		36,283	7.22
Mortgage warehouse lines of credit		479,308		7,776	6.44			483,340		7,685	6.38			420,848		7,393	6.97
Consumer		18,859		336	7.07			19,158		351	7.35			20,652		385	7.40
LHFI		8,059,674		125,435	6.17			7,954,669		121,825	6.14			7,523,624		120,048	6.33
Loans held for sale		1,201		23	7.60			2,161		32	5.94			2,918		48	6.53
Loans receivable		8,060,875		125,458	6.17			7,956,830		121,857	6.14			7,526,542		120,096	6.33
Investment securities-taxable		969,386		8,844	3.62			992,478		9,039	3.65			951,758		8,767	3.65
Investment securities-nontaxable		196,079		1,632	3.30			185,851		1,517	3.27			176,051		1,523	3.43
Non-marketable equity securities held in other financial institutions		37,256		574	6.11			39,526		392	3.98			34,652		542	6.21
Interest-earning balances due from banks		375,478		3,527	3.73			309,510		2,918	3.78			473,352		5,211	4.37
Total interest-earning assets		9,639,074		140,035	5.76			9,484,195		135,723	5.74			9,162,355		136,139	5.89
Noninterest-earning assets		554,817						555,512						565,059
Total assets	$	10,193,891					$	10,039,707					$	9,727,414

Liabilities and Shareholders’ Equity
Liabilities
Interest-bearing liabilities
Interest-bearing demand deposits	$	1,812,819	$	10,883	2.38	%	$	1,892,759	$	11,051	2.34	%	$	1,827,758	$	13,170	2.86	%
Money market deposits		3,637,422		26,427	2.88			3,420,399		24,491	2.87			3,369,582		29,695	3.50
Savings deposits		309,898		918	1.18			304,088		866	1.14			314,112		1,194	1.51
Savings and interest-bearing transaction accounts		5,760,139		38,228	2.63			5,617,246		36,408	2.60			5,511,452		44,059	3.17
Time deposits		764,344		5,880	3.05			765,794		5,593	2.93			819,692		6,967	3.37
Total interest-bearing deposits		6,524,483		44,108	2.68			6,383,040		42,001	2.64			6,331,144		51,026	3.20
FHLB advances and other borrowings		57,246		543	3.76			140,897		1,283	3.65			30,702		273	3.53
Subordinated indebtedness		16,608		244	5.83			16,582		239	5.78			89,692		1,136	5.02
Total interest-bearing liabilities		6,598,337		44,895	2.70			6,540,519		43,523	2.67			6,451,538		52,435	3.22
Noninterest-bearing liabilities
Noninterest-bearing deposits		2,160,353						2,080,382						1,901,116
Other liabilities		147,406						143,422						147,329
Total liabilities		8,906,096						8,764,323						8,499,983
Shareholders’ Equity		1,287,795						1,275,384						1,227,431
Total liabilities and shareholders’ equity	$	10,193,891					$	10,039,707					$	9,727,414
Net interest spread					3.06	%					3.07	%					2.67	%
NIM			$	95,140	3.92				$	92,200	3.90				$	83,704	3.62
NIM-FTE⁽²⁾			$	95,628	3.94				$	92,668	3.92				$	84,230	3.65

____________________________

⁽¹⁾	Yields/Rates are calculated on an actual/actual day count basis.
⁽²⁾	In order to present pre-tax income and resulting yields on tax-exempt investments comparable to those on taxable investments, a tax-equivalent adjustment has been computed. This adjustment also includes income tax credits received on Qualified School Construction Bonds.

Origin Bancorp, Inc. Notable Items (Unaudited)

	At and For the Three Months Ended
	September 30, 2026						June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025
	$ Impact			EPS Impact⁽¹⁾			$ Impact			EPS Impact⁽¹⁾			$ Impact			EPS Impact⁽¹⁾			$ Impact			EPS Impact⁽¹⁾			$ Impact			EPS Impact⁽¹⁾

	(Dollars in thousands, except per share amounts)
Notable interest income items:
Interest income reversal related to borrower fraud	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	(206	)	$	(0.01	)
Interest income on relationships impacted by questioned banker activity		131			—			—			—			—			—			—			—			—			—
Notable interest expense items:
OID amortization – subordinated debenture redemption		—			—			—			—			—			—			(783	)		(0.02	)		—			—
Notable provision expense items:
Provision release (expense) on relationships related to or impacted by questioned banker activity		992			0.03			18			—			—			—			(10	)		—			(1,670	)		(0.04	)
Provision expense related to borrower fraud		—			—			—			—			—			—			(13	)		—			(29,545	)		(0.74	)
Notable noninterest income items:
(Loss) gain on sales of securities, net		(30	)		—			1			—			—			—			—			—			—			—
Positive valuation adjustment on non-marketable equity securities		—			—			—			—			—			—			—			—			6,972			0.18
Insurance recovery income related to questioned banker activity		157			—			—			—			438			0.01			483			0.01			2,077			0.05
Notable noninterest expense items:
Operating benefit (expense) related to questioned banker activity⁽²⁾		1,204			0.03			325			0.01			(542	)		(0.01	)		(698	)		(0.02	)		(112	)		—
Operating expense related to strategic Optimize Origin initiatives⁽³⁾		—			—			—			—			—			—			(51	)		—			(577	)		(0.01	)
Operating expense related to borrower fraud		(347	)		(0.01	)		(458	)		(0.01	)		(473	)		(0.01	)		(587	)		(0.01	)		(285	)		(0.01	)
Total notable items	$	2,107			0.05		$	(114	)		—		$	(577	)		(0.01	)	$	(1,659	)		(0.04	)	$	(23,346	)		(0.59	)

____________________________

⁽¹⁾	The diluted EPS impact is calculated using a 21% effective tax rate. The total of the diluted EPS impact of each individual line item may not equal the calculated diluted EPS impact on the total notable items due to rounding.
⁽²⁾	The $1.2 million and $325,000 operating net benefit related to questioned banker activity for the quarter ended September 30, 2026 and June 30, 2026, include $2.2 million and $389,000 release of litigation reserve, respectively.
⁽³⁾	Operating expenses related to strategic Optimize Origin initiatives are expected to be immaterial and, accordingly, will no longer be separately tracked beginning with the quarter ended March 31, 2026. The $51,000 and $577,000 operating expenses related to strategic Optimize Origin initiatives for the quarters ended December 31, 2025, and September 30, 2025, include sub-lease income of $40,000 and $27,000, respectively, that was included in noninterest income on the face of the income statement.

Origin Bancorp, Inc. Notable Items – Continued (Unaudited)

	Nine Months Ended September 30,
		2026						2025
	$ Impact			EPS Impact⁽¹⁾			$ Impact			EPS Impact⁽¹⁾

	(Dollars in thousands, except per share amounts)
Notable interest income items:
Interest income reversal related to borrower fraud	$	—		$	—		$	(206	)	$	(0.01	)
Interest income on relationships impacted by questioned banker activity		131			—			—			—
Notable interest expense items:
OID amortization – subordinated debenture redemption		—			—			(681	)		(0.02	)
Notable provision expense items:
Provision release on relationships related to or impacted by questioned banker activity		1,010			0.03			(1,295	)		(0.03	)
Provision expense related to borrower fraud		—			—			(29,545	)		(0.74	)
Notable noninterest income items:
Loss on sales of securities, net		(29	)		—			(14,448	)		(0.36	)
Positive valuation adjustment on non-marketable equity securities		—			—			6,972			0.18
Net loss on OREO properties⁽²⁾		—			—			(370	)		(0.01	)
BOLI payout		—			—			208			0.01
Insurance recovery income related to questioned banker activity		595			0.02			2,077			0.05
Notable noninterest expense items:
Operating benefit (expense) related to questioned banker activity⁽³⁾		987			0.03			(1,185	)		(0.03	)
Operating expense related to strategic Optimize Origin initiatives⁽⁴⁾		—			—			(2,620	)		(0.07	)
Operating expense related to borrower fraud		(1,278	)		(0.03	)		(285	)		(0.01	)
Employee Retention Credit		—			—			213			0.01
Total notable items	$	1,416			0.04		$	(41,165	)		(1.04	)

____________________________

⁽¹⁾	The diluted EPS impact is calculated using a 21% effective tax rate. The total of the diluted EPS impact of each individual line item may not equal the calculated diluted EPS impact on the total notable items due to rounding.
⁽²⁾	The $370,000 net loss on OREO properties for the nine months ended September 30, 2025, includes a $452,000 insurance settlement recovery that was included in noninterest income on the face of the income statement and a $151,000 repair cost that was included in noninterest expense.
⁽³⁾	The $987,000 operating expense related to questioned banker activity for the nine months ended September 30, 2026, includes a $2.6 million release of litigation reserve.
⁽⁴⁾	Operating expenses related to strategic Optimize Origin initiatives are expected to be immaterial and accordingly, will no longer be separately tracked beginning with the quarter ended March 31, 2026. The $2.6 million operating expense related to strategic Optimize Origin initiatives for the nine months ended September 30, 2025, includes sub-lease income of $27,000 that was included in noninterest income on the face of the income statement.

Origin Bancorp, Inc. Non-GAAP Financial Measures (Unaudited)

	At and For the Three Months Ended
	September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025

	(Dollars in thousands, except per share amounts)
Calculation of PTPP earnings:
Net income	$	37,778		$	33,846		$	27,693		$	29,516		$	8,623
Provision for credit losses		2,606			65			4,965			3,158			36,820
Income tax expense		10,347			9,270			7,584			7,933			2,361
PTPP earnings (non-GAAP)	$	50,731		$	43,181		$	40,242		$	40,607		$	47,804

Calculation of PTPP ROAA:
PTPP earnings	$	50,731		$	43,181		$	40,242		$	40,607		$	47,804
Divided by number of days in the quarter		92			91			90			92			92
Multiplied by the number of days in the year		365			365			365			365			365
PTPP earnings, annualized	$	201,270		$	173,199		$	163,204		$	161,104		$	189,657
Divided by total average assets		10,193,891			10,039,707			10,126,491			9,829,752			9,727,414
ROAA (annualized) (GAAP)		1.47	%		1.35	%		1.11	%		1.19	%		0.35	%
PTPP ROAA (annualized) (non-GAAP)		1.97			1.73			1.61			1.64			1.95

Calculation of tangible book value per common share:
Total common shareholders’ equity	$	1,263,687		$	1,281,057		$	1,260,275		$	1,246,685		$	1,214,756
Goodwill		(128,679	)		(128,679	)		(128,679	)		(128,679	)		(128,679	)
Other intangible assets, net		(29,059	)		(30,393	)		(31,877	)		(33,362	)		(34,861	)
Tangible common equity		1,105,949			1,121,985			1,099,719			1,084,644			1,051,216
Divided by common shares outstanding at the end of the period		30,602,833			30,850,397			30,879,462			30,952,428			30,967,768
Book value per common share (GAAP)	$	41.29		$	41.52		$	40.81		$	40.28		$	39.23
Tangible book value per common share (non-GAAP)		36.14			36.37			35.61			35.04			33.95

Calculation of ROATCE:
Net income	$	37,778		$	33,846		$	27,693		$	29,516		$	8,623
Divided by number of days in the quarter		92			91			90			92			92
Multiplied by number of days in the year		365			365			365			365			365
Annualized net income	$	149,880		$	135,756		$	112,311		$	117,102		$	34,211

Total average common shareholders’ equity	$	1,287,795		$	1,275,384		$	1,267,888		$	1,232,878		$	1,227,431
Average goodwill		(128,679	)		(128,679	)		(128,679	)		(128,679	)		(128,679	)
Average other intangible assets, net		(29,772	)		(31,142	)		(32,679	)		(34,293	)		(35,741	)
Average tangible common equity		1,129,344			1,115,563			1,106,530			1,069,906			1,063,011

ROAE (annualized) (GAAP)		11.64	%		10.64	%		8.86	%		9.50	%		2.79	%
ROATCE (annualized) (non-GAAP)		13.27			12.17			10.15			10.95			3.22

Origin Bancorp, Inc. Non-GAAP Financial Measures – Continued (Unaudited)

	Nine Months Ended September 30,
		2026			2025

	(Dollars in thousands, except per share amounts)
Calculation of PTPP earnings:
Net income	$	99,317		$	45,681
Provision for credit losses		7,636			43,126
Income tax expense		27,201			12,511
PTPP earnings (non-GAAP)	$	134,154		$	101,318

Calculation of PTPP ROAA:
PTPP Earnings	$	134,154		$	101,318
Divided by the year-to-date number of days		273			273
Multiplied by number of days in the year		365			365
Annualized PTPP Earnings	$	179,363		$	135,462

Total average assets	$	10,120,276		$	9,750,221

ROAA(annualized)(GAAP)		1.31	%		0.63	%
PTPP ROAA(annualized)(non-GAAP)		1.77			1.39

Calculation of ROATCE:
Net income	$	99,317		$	45,681
Divided by the year-to-date number of days		273			273
Multiplied by number of days in the year		365			365
Annualized net income	$	132,786		$	61,075

Total average common shareholders’ equity	$	1,277,095		$	1,195,059
Average goodwill		(128,679	)		(128,679	)
Average other intangible assets, net		(31,187	)		(37,142	)
Average tangible common equity		1,117,229			1,029,238

ROAE(annualized)(GAAP)		10.40	%		5.11	%
ROATCE(annualized)(non-GAAP)		11.89			5.93

Posted in UncategorizedTagged GlobeNewswire

Garrett Motion Announces Retirement of Steven Tesoriere from Board of Directors

Posted on October 28, 2026 by Ravi Shankar

PLYMOUTH, Mich. and ROLLE, Switzerland, Oct. 28, 2026 (GLOBE NEWSWIRE) — Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a global leader in differentiated turbocharging and electrification technologies for automotive and industrial applications, today announced that Steven Tesoriere has resigned from its Board of Directors. In addition to his Board service, Mr. Tesoriere served on the Talent Management and Compensation Committee of the Board until his resignation.

Mr. Tesoriere joined the Board in April 2021 as a designee of funds affiliated with Oaktree Capital Management, L.P. (“Oaktree”) under the terms of the Company’s Series A Investor Rights Agreement. He previously chaired the Finance Committee and the Nominating and Governance Committee.

“On behalf of the Board, I would like to thank Steve for his valuable contributions during his tenure,” said Daniel Ninivaggi, Chairman of the Board of Garrett. “Steve has been instrumental to Garrett’s financial success, diversification initiatives and long-term shareholder value creation. We are grateful for his service and wish him all the best.”

“It has been a privilege to work with Garrett’s management and Board, and I am grateful for the strong partnership we have built,” said Mr. Tesoriere, Managing Director and Portfolio Manager at Oaktree. “I am proud of the strategic foundation we established to support Garrett’s long-term success and drive shareholder value, and I am confident in the Company’s future.”

About Garrett Motion Inc.
A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is committed to advancing turbo applications while leveraging its unique technology solutions, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for automotive and industrial applications. Garrett has six R&D centers, 13 manufacturing facilities, and a team of more than 8,700 employees in more than 20 countries. For more information, please visit www.garrettmotion.com

CONTACTS:

INVESTOR RELATIONS
Cyril Grandjean
+1 734 392 55 04
investorrelations@garrettmotion.com

MEDIA
Fabrice Spenninck
MediaRel ations@garrettmotion.com

Posted in UncategorizedTagged GlobeNewswire