Origin Bancorp, Inc.

Good day, and welcome to the Origin Bank Corp. Incorporated Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star then 2. Please note, this event is being recorded. I would now like to turn the conference call over to Mr. Chris Riggleman, Head of Investor Relations. Mr. Riggleman, the floor is yours, sir.

Good morning, and thank you for joining us today. We issued our earnings press release yesterday afternoon, a copy of which is available on our website, along with a slide presentation that we will refer to during this presentation. Please refer to slide two of our slide presentation, which includes our safe harbor statements regarding forward-looking statements and use of non-GAAP financial measures. For those joining by phone, please note the slide presentation is available on our website at www.origin.bank. Please also note that our safe harbor statements are available on page five of our earnings release filed with the SEC yesterday. All comments made during today's call are subject to the safe harbor statements in our slide presentation and earnings release. I'm joined this morning by Origin Bank Corp's Chairman, President, and CEO, Drake Mills, our Chief Financial Officer, Steve Brawley, President and CEO of Origin Bank, Lance Hall, our Chief Risk Officer, Jim Crockwell, and our Chief Credit and Banking Officer, Preston Moore. After the presentation, we'll be happy to address any questions you may have. Now, I'll turn the call over to you, Drake.

Thanks, Chris, and good morning. This quarter marks three years of reporting as a public company. We'll get into the details of our performance over the period later, but first, I am pleased that our investment thesis that we introduced to the market during our roadshow has and continues to drive shareholder value. Our goals from our IPO are on target as we maintain a long-term value creation strategy. This quarter's results is a great example of maintaining a focus on our long-term objectives as we took advantage of opportunities to strengthen our balance sheet and credit profile at the expense of reporting short-term growth. We have included a couple of slides that present the value being created for our shareholders, which continue to show positive trajectory and double-digit compounded annual growth rates since our IPO. Through the first half of 2021, we focused on efficiency as we continue to experience positive operating leverage while improving our credit metrics. I'm proud of our results and the strategic focus we have as we move forward. Looking at the results for the quarter, our diluted earnings per share was $1.17 for the second quarter, with net income over $27.7 million. Net interest income was $54.3 million, and non-interest income was $12.4 million. Non-interest expense was $37.8 million, and our efficiency ratio for the quarter came in at 56.7%. We had a provision release of $5.6 million, with total assets ended at $7.27 billion, with loans at $5.4 billion and deposits at $6.03 billion. Lance, Jim, and Steve will dive into the numbers, but I think about these performance metrics for the quarter and what we have accomplished this year. I'm extremely proud of how our company has managed expenses while we continue to invest in growing the bank and enhancing the customer experience. Our bankers are consistently communicating with our customers, and I'm excited about the pipelines that are being built throughout our footprint. Throughout our markets, we are seeing a growing sense of optimism as the economy continues to strengthen. Certainly, there are some challenges with the competitive landscape, continued effects of COVID-19, and the levels of liquidity in the financial system. However, Origin is well-positioned to expand the foundation we've built over the past several years. One of the primary contributors for our long-term success has been our continued growth within our Texas markets, as you can see on slide nine. Our Texas markets now comprise 56% of our loans across the bank, excluding mortgage warehouse, and 48% of our deposits across the bank. In the past, we've talked about our strategy of adding key bankers and teams in our markets, and in 2021, we've continued this trend by taking advantage of dislocation by adding seven dynamic bankers in our Texas markets, seven. As we have said, we continue to focus on dislocation within our markets and further capitalizing on the right opportunities. Now I'll turn it over to Lance.