Oakworth Capital Inc. Reports 22% Increase in Diluted EPS

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BIRMINGHAM, Ala., Oct. 23, 2025 /PRNewswire/ -- Oakworth Capital Inc. (Oakworth) (OTCQX: OAKC) reported 22% higher diluted earnings per share in the first nine months of 2025 compared to the first nine months of 2024. Year-to-date and as of September 30, 2025, highlights include:

Income/Profitability:

Net income of $14.5 million: 24% higher than $11.7 million year-over-year
Diluted earnings per share of $2.90: 22% higher than $2.37 in the same period of 2024
Pre-tax pre-provision income of $22.1 million: 28% higher than $17.3 million in same period for 2024
Revenue of $60.6 million: 17% higher than $51.7 million in the same period of 2024
- 4% linked-quarter growth and 21% year-over-year growth in net interest income
- 7% linked-quarter increase and 11% year-over-year growth in trust and wealth fees
Non-interest expenses of $38.5 million: 12% higher year-over-year
ROAE of 14.5%
ROAA of 1.1%

Wealth Assets/Balance Sheet:

Wealth assets of $2.6 billion, 11% higher than $2.3 billion one year prior
Year-over-year loan growth of 13% on average basis and 9% on period end basis to $1.5 billion
Year-over-year deposit growth of 14% on average basis and 11% on period end basis to $1.7 billion
Tangible book value per share: $29.27

Safety and Soundness:

Credit quality metrics:
- $0.5 million non-performing loans
- $0 past due +90 loans
- $4.4 million ORE
- 1.2% allowance for credit losses as percentage of loans, net
Capital ratios
- Total risk-based capital: 12.2%
- CET1: 11.0%
- Tier 1 leverage: 9.8%

Oakworth's Chairman and CEO Scott Reed stated, "We are pleased with our balanced growth and strong profitability in the third quarter. We've achieved double-digit compound annual growth rates in loans, deposits, wealth assets and earnings per share for the life of our company and those rates are increasing now. I've never been more optimistic about the future of Oakworth and the value we are creating for shareholders, associates, clients and the communities we serve."


OAKWORTH CAPITAL INC.

WEALTH AND TRUST (Unaudited)
(In millions)	As of					Change		Change
	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	9/30/2025 vs. 06/30/2025		09/30/2025 vs. 09/30/2024

Wealth assets (non-balance sheet)	$ 2,566	$ 2,415	$ 2,285	$ 2,297	$ 2,308	$ 151	6 %	$ 258	11 %

CONSOLIDATED CONDENSED STATEMENTS OF CONDITION *(Unaudited)*
(in thousands)	As of					Change		Change
	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	9/30/2025 vs. 06/30/2025		09/30/2025 vs. 09/30/2024
Assets
Cash and due from banks	$ 153,084	$ 124,351	$ 100,968	$ 125,016	$ 117,265	$ 28,733	23 %	$ 35,819	31 %
Federal funds sold	950	1,900	525	950	1,950	(950)	-50 %	(1,000)	-51 %
Securities available for sale	189,673	175,535	175,599	158,885	156,926	14,138	8 %	32,747	21 %
Loans, net of unearned income	1,533,734	1,496,222	1,492,413	1,455,238	1,411,569	37,512	3 %	122,165	9 %
Allowance for credit losses	(18,734)	(17,944)	(17,015)	(16,330)	(16,494)	(790)	4 %	(2,240)	14 %
Loans, net	1,515,000	1,478,278	1,475,398	1,438,908	1,395,075	36,722	2 %	119,925	9 %
Fixed assets	3,821	3,980	4,221	4,420	4,647	(159)	-4 %	(826)	-18 %
Interest receivable	6,845	6,611	6,909	6,678	6,478	234	4 %	367	6 %
Other assets	52,825	58,967	53,866	54,084	54,396	(6,142)	-10 %	(1,571)	-3 %
Total assets	$ 1,922,198	$ 1,849,622	$ 1,817,486	$ 1,788,941	$ 1,736,737	$ 72,576	4 %	$ 185,461	11 %

Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Non-interest bearing deposits	$ 300,340	$ 273,119	$ 270,536	$ 274,872	$ 255,008	$ 27,221	10 %	$ 45,332	18 %
Interest-bearing deposits	1,397,942	1,299,175	1,356,172	1,321,864	1,268,998	98,767	8 %	128,944	10 %
Total deposits	1,698,282	1,572,294	1,626,708	1,596,736	1,524,006	125,988	8 %	174,276	11 %
Total Borrowings	58,809	118,786	38,763	39,296	64,273	(59,977)	-50 %	(5,464)	-9 %
Accrued interest payable	710	1,452	559	1,149	643	(742)	-51 %	67	10 %
Other liabilities	20,657	21,333	20,382	26,964	22,018	(676)	-3 %	(1,361)	-6 %
Total liabilities	1,778,458	1,713,865	1,686,412	1,664,145	1,610,940	64,593	4 %	167,518	10 %
Total stockholders' equity	143,740	135,757	131,074	124,796	125,797	7,983	6 %	17,943	14 %
Total liabilities and stockholders' equity	$ 1,922,198	$ 1,849,622	$ 1,817,486	$ 1,788,941	$ 1,736,737	$ 72,576	4 %	$ 185,461	11 %


OAKWORTH CAPITAL INC.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME *(Unaudited)*
(in thousands)	Quarter Ended					Change		Change
	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	3Q25 vs. 2Q25		3Q25 vs. 3Q24

Interest income:
Loans, including fees	$ 26,194	$ 25,306	$ 24,803	$ 25,141	$ 25,423	$ 888	4 %	$ 771	3 %
Securities available for sale	1,667	1,605	1,474	1,257	1,187	62	4 %	480	40 %
Short term investments	1,058	1,043	1,169	1,222	837	15	1 %	221	26 %
Total interest income	28,919	27,954	27,446	27,620	27,447	965	3 %	1,472	5 %
Interest expense:
Deposits	11,357	11,049	11,268	11,807	12,296	308	3 %	(939)	-8 %
Borrowings	1,114	1,022	637	804	1,253	92	9 %	(139)	-11 %
Total interest expense	12,471	12,071	11,905	12,611	13,549	400	3 %	(1,078)	-8 %
Net interest income	16,448	15,883	15,541	15,009	13,898	565	4 %	2,550	18 %
Provision for credit losses	905	1,236	775	1,080	599	(331)	-27 %	306	51 %
Net interest income after provision	15,543	14,647	14,766	13,929	13,299	896	6 %	2,244	17 %
for loan losses
Non-interest income	4,392	4,131	4,245	4,108	3,943	261	6 %	449	11 %
Non-interest expense	13,223	12,964	12,325	12,721	11,638	259	2 %	1,585	14 %
Income before income taxes	6,712	5,814	6,686	5,316	5,604	898	15 %	1,108	20 %
Provision for income taxes	1,653	1,434	1,655	1,236	1,458	219	15 %	195	13 %
Net Income	5,059	4,380	5,031	4,080	4,146	679	16 %	913	22 %
Earnings per share - basic	$ 1.01	$ 0.88	$ 1.01	$ 0.82	$ 0.84	$ 0.13	15 %	$ 0.17	20 %
Earnings per share - diluted	$ 1.01	$ 0.88	$ 1.01	$ 0.82	$ 0.84	$ 0.13	15 %	$ 0.17	20 %


OAKWORTH CAPITAL INC.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME *(Unaudited)*
(in thousands)	YTD Period Ended
	9/30/2025	9/30/2024	Change

Interest income:
Loans, including fees	$ 76,302	$ 70,983	$ 5,319	7 %
Securities available for sale	4,745	3,320	1,425	43 %
Short term investments	3,270	2,953	317	11 %
Total interest income	84,317	77,256	7,061	9 %
Interest expense:
Deposits	33,673	34,914	(1,241)	-4 %
Borrowings	2,773	2,845	(72)	-3 %
Total interest expense	36,446	37,759	(1,313)	-3 %
Net interest income	47,871	39,497	8,374	21 %
Provision for credit losses	2,915	1,842	1,073	58 %
Net interest income after provision	44,956	37,655	7,301	19 %
for loan losses
Non-interest income	12,768	12,213	555	5 %
Non-interest expense	38,511	34,455	4,056	12 %
Income before income taxes	19,213	15,413	3,800	25 %
Provision for income taxes	4,742	3,719	1,023	28 %
Net Income	14,471	11,694	2,777	24 %
Earnings per share - basic	$ 2.90	$ 2.37	$ 0.53	22 %
Earnings per share - diluted	$ 2.90	$ 2.37	$ 0.53	22 %

About Oakworth Capital Inc. and Oakworth Capital Bank

Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (Oakworth) (OTCQX: OAKC). Oakworth was founded in 2008 and operates four offices in the Southeast, including its headquarters in Birmingham, Alabama. Oakworth provides commercial and private banking, wealth management and advisory services to clients across the United States.

Oakworth has been ranked among American Banker's "Best Banks to Work for" for the past eight years, holding the top spot for six of those and ranking #2 most recently. Additionally, Oakworth's 2024 average Net Promoter Score (NPS) was 94 with a commensurate client retention rate of 95%. As of September 30, 2025, Oakworth had $1.9 billion in total assets, $1.5 billion in gross loans, $1.7 billion in deposits and $2.6 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.

Advisory services, including investment management and financial planning, are offered through Oakworth Asset Management LLC, a registered investment advisor that is owned by Oakworth Capital Bank, Member FDIC. Investment products and services offered via Oakworth Asset Management LLC are independent of the products and services offered by Oakworth Capital Bank, and are not FDIC insured, may lose value, have no bank guarantee, and are not insured by any federal or state government agency. Because Oakworth Asset Management LLC is owned by Oakworth Capital Bank and because associates of either entity may provide financial advice to our clients, there exists a conflict of interest to the extent that either party recommends the services of the other. Oakworth Asset Management LLC does not provide tax or legal advice. You should consult your tax advisor, accountant, and/or attorney before making any decisions with tax or legal implications. Additional information about Oakworth Asset Management LLC, including its services and fees, may be obtained from advisorinfo.sec.gov or by contacting Oakworth Asset Management directly.

For more information contact:
Jenifer Kimbrough
Phone: 205-263-4704
Email: [email protected]

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