Oakworth Capital Inc. Reports 24% Increase in Diluted EPS
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Fiscal year and "as of"
Income/Profitability:
- Net income of
$19.8 million: 25% higher than$15.8 million year-over-year - Diluted earnings per share of
$3 .94: 24% higher than$3.19 in 2024 - Pre-tax pre-provision income of
$29.6 million: 25% higher than$23.7 million in 2024 - Revenue of
$82.7 million: 17% higher than$70.8 million in 2024- 20% year-over-year growth in net interest income
- 13% year-over-year growth in trust and wealth fees
- Non-interest expenses of
$53.1 million: 13% higher year-over-year - ROAE of 14.4%
- ROAA of 1.1%
Wealth Assets/Balance Sheet:
- Wealth assets of
$2.7 billion , 17% higher than$2.3 billion one year prior - Year-over-year loan growth of 12% on average basis and 10% on period end basis to
$1.6 billion - Year-over-year deposit growth of 14% on average basis and 15% on period end basis to
$1.8 billion - Tangible book value per share:
$30.10
Safety and Soundness:
- Credit quality metrics:
$0.5 million non-performing loans$0 past due +90 loans$3.4 million ORE- 1.2% allowance for credit losses as percentage of loans, net
- Capital ratios
- Total risk-based capital: 11.9%
- CET1: 10.7%
- Tier 1 leverage: 9.3%
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
Oakworth has been ranked among American Banker's "Best Banks to Work for" for the past nine years, holding the top spot for six of those and ranking #2 most recently. Additionally, Oakworth's 2025 average Net Promoter Score (NPS) was 95 with a commensurate client retention rate of 95%. As of
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 adviserinfo.sec.gov or by contacting Oakworth Asset Management directly.
OAKWORTH CAPITAL INC. | ||||||||||||||||||
WEALTH AND TRUST (Unaudited) | ||||||||||||||||||
(In millions) | As of | Change | Change | |||||||||||||||
Wealth assets (non-balance sheet) | $ 2,685 | $ 2,566 | $ 2,415 | $ 2,285 | $ 2,297 | $ 119 | 5 % | $ 388 | 17 % | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF CONDITION (Unaudited) | ||||||||||||||||||
(in thousands) | As of | Change | Change | |||||||||||||||
Assets | ||||||||||||||||||
Cash and due from banks | $ 194,946 | $ 153,084 | $ 124,351 | $ 100,968 | $ 125,016 | $ 41,862 | 27 % | $ 69,930 | 56 % | |||||||||
Federal funds sold | 1,325 | 950 | 1,900 | 525 | 950 | 375 | 39 % | 375 | 39 % | |||||||||
Securities available for sale | 201,684 | 189,673 | 175,535 | 175,599 | 158,885 | 12,011 | 6 % | 42,799 | 27 % | |||||||||
Loans, net of unearned income | 1,604,023 | 1,533,734 | 1,496,222 | 1,492,413 | 1,455,238 | 70,289 | 5 % | 148,785 | 10 % | |||||||||
Allowance for credit losses | (19,348) | (18,734) | (17,944) | (17,015) | (16,330) | (614) | 3 % | (3,018) | 18 % | |||||||||
Loans, net | 1,584,675 | 1,515,000 | 1,478,278 | 1,475,398 | 1,438,908 | 69,675 | 5 % | 145,767 | 10 % | |||||||||
Fixed assets | 3,625 | 3,821 | 3,980 | 4,221 | 4,420 | (196) | -5 % | (795) | -18 % | |||||||||
Interest receivable | 7,246 | 6,845 | 6,611 | 6,909 | 6,678 | 401 | 6 % | 568 | 9 % | |||||||||
Other assets | 52,723 | 52,825 | 58,967 | 53,866 | 54,084 | (102) | 0 % | (1,361) | -3 % | |||||||||
Total assets | $ 2,046,224 | $ 1,922,198 | $ 1,849,622 | $ 1,817,486 | $ 1,788,941 | $ 124,026 | 6 % | $ 257,283 | 14 % | |||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||
Liabilities: | ||||||||||||||||||
Deposits: | ||||||||||||||||||
Non-interest bearing deposits | $ 304,683 | $ 300,340 | $ 273,119 | $ 270,536 | $ 274,872 | $ 4,343 | 1 % | $ 29,811 | 11 % | |||||||||
Interest-bearing deposits | 1,526,302 | 1,397,942 | 1,299,175 | 1,356,172 | 1,321,864 | 128,360 | 9 % | 204,438 | 15 % | |||||||||
Total deposits | 1,830,985 | 1,698,282 | 1,572,294 | 1,626,708 | 1,596,736 | 132,703 | 8 % | 234,249 | 15 % | |||||||||
Total Borrowings | 38,831 | 58,809 | 118,786 | 38,763 | 39,296 | (19,978) | -34 % | (465) | -1 % | |||||||||
Accrued interest payable | 1,223 | 710 | 1,452 | 559 | 1,149 | 513 | 72 % | 74 | 6 % | |||||||||
Other liabilities | 26,521 | 20,657 | 21,333 | 20,382 | 26,964 | 5,864 | 28 % | (443) | -2 % | |||||||||
Total liabilities | 1,897,560 | 1,778,458 | 1,713,865 | 1,686,412 | 1,664,145 | 119,102 | 7 % | 233,415 | 14 % | |||||||||
Total stockholders' equity | 148,664 | 143,740 | 135,757 | 131,074 | 124,796 | 4,924 | 3 % | 23,868 | 19 % | |||||||||
Total liabilities and stockholders' equity | $ 2,046,224 | $ 1,922,198 | $ 1,849,622 | $ 1,817,486 | $ 1,788,941 | $ 124,026 | 6 % | $ 257,283 | 14 % | |||||||||
OAKWORTH CAPITAL INC. | ||||||||||||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | ||||||||||||||||||
(in thousands) | Quarter Ended | Change | Change | |||||||||||||||
4Q25 vs. 3Q25 | 4Q25 vs. 4Q24 | |||||||||||||||||
Interest income: | ||||||||||||||||||
Loans, including fees | $ 25,817 | $ 26,194 | $ 25,306 | $ 24,803 | $ 25,141 | $ (377) | -1 % | $ 676 | 3 % | |||||||||
Securities available for sale | 1,814 | 1,667 | 1,605 | 1,474 | 1,257 | 147 | 9 % | 557 | 44 % | |||||||||
Short term investments | 1,772 | 1,058 | 1,043 | 1,169 | 1,222 | 714 | 67 % | 550 | 45 % | |||||||||
Total interest income | 29,403 | 28,919 | 27,954 | 27,446 | 27,620 | 484 | 2 % | 1,783 | 6 % | |||||||||
Interest expense: | ||||||||||||||||||
Deposits | 11,289 | 11,357 | 11,049 | 11,268 | 11,807 | (68) | -1 % | (518) | -4 % | |||||||||
Borrowings | 678 | 1,114 | 1,022 | 637 | 804 | (436) | -39 % | (126) | -16 % | |||||||||
Total interest expense | 11,967 | 12,471 | 12,071 | 11,905 | 12,611 | (504) | -4 % | (644) | -5 % | |||||||||
Net interest income | 17,436 | 16,448 | 15,883 | 15,541 | 15,009 | 988 | 6 % | 2,427 | 16 % | |||||||||
Provision for credit losses | 1,010 | 905 | 1,236 | 775 | 1,080 | 105 | 12 % | (70) | -6 % | |||||||||
Net interest income after provision | 16,426 | 15,543 | 14,647 | 14,766 | 13,929 | 883 | 6 % | 2,497 | 18 % | |||||||||
for loan losses | ||||||||||||||||||
Non-interest income | 4,647 | 4,392 | 4,131 | 4,245 | 4,108 | 255 | 6 % | 539 | 13 % | |||||||||
Non-interest expense | 14,634 | 13,223 | 12,964 | 12,325 | 12,721 | 1,411 | 11 % | 1,913 | 15 % | |||||||||
Income before income taxes | 6,439 | 6,712 | 5,814 | 6,686 | 5,316 | (273) | -4 % | 1,123 | 21 % | |||||||||
Provision for income taxes | 1,145 | 1,653 | 1,434 | 1,655 | 1,236 | (508) | -31 % | (91) | -7 % | |||||||||
Net Income | 5,294 | 5,059 | 4,380 | 5,031 | 4,080 | 235 | 5 % | 1,214 | 30 % | |||||||||
Earnings per share - basic | $ 1.05 | $ 1.01 | $ 0.88 | $ 1.01 | $ 0.82 | $ 0.04 | 4 % | $ 0.23 | 28 % | |||||||||
Earnings per share - diluted | $ 1.04 | $ 1.01 | $ 0.88 | $ 1.01 | $ 0.82 | $ 0.03 | 3 % | $ 0.22 | 27 % | |||||||||
OAKWORTH CAPITAL INC. | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | |||||||||
(in thousands) | YTD Period Ended | ||||||||
Change | |||||||||
Interest income: | |||||||||
Loans, including fees | $ 102,119 | $ 96,124 | $ 5,995 | 6 % | |||||
Securities available for sale | 6,561 | 4,577 | 1,984 | 43 % | |||||
Short term investments | 5,041 | 4,174 | 867 | 21 % | |||||
Total interest income | 113,721 | 104,875 | 8,846 | 8 % | |||||
Interest expense: | |||||||||
Deposits | 44,963 | 46,721 | (1,758) | -4 % | |||||
Borrowings | 3,451 | 3,648 | (197) | -5 % | |||||
Total interest expense | 48,414 | 50,369 | (1,955) | -4 % | |||||
Net interest income | 65,307 | 54,506 | 10,801 | 20 % | |||||
Provision for credit losses | 3,926 | 2,922 | 1,004 | 34 % | |||||
Net interest income after provision | 61,381 | 51,584 | 9,797 | 19 % | |||||
for loan losses | |||||||||
Non-interest income | 17,415 | 16,320 | 1,095 | 7 % | |||||
Non-interest expense | 53,145 | 47,176 | 5,969 | 13 % | |||||
Income before income taxes | 25,651 | 20,728 | 4,923 | 24 % | |||||
Provision for income taxes | 5,887 | 4,954 | 933 | 19 % | |||||
Net Income | 19,764 | 15,774 | 3,990 | 25 % | |||||
Earnings per share - basic | $ 3.95 | $ 3.19 | $ 0.76 | 24 % | |||||
Earnings per share - diluted | $ 3.94 | $ 3.19 | $ 0.75 | 24 % | |||||
For more information contact:
Phone: 205-263-4704
Email: [email protected]
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SOURCE Oakworth Capital Inc.
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