Oakworth Capital Inc. Reports 22% Increase in Diluted EPS

Rhea-AI Summary

Oakworth Capital (OTCQX: OAKC) reported year-to-date results through Sept. 30, 2025 showing continued growth and improved profitability.

Key metrics: Net income $14.5M (+24% YoY), Diluted EPS $2.90 (+22% YoY), Revenue $60.6M (+17% YoY), Pre-tax pre-provision income $22.1M (+28% YoY). Net interest income rose 21% YTD; wealth assets were $2.6B (+11% YoY). Loans totaled $1.5B (+9% period-end YoY) and deposits $1.7B (+11% period-end YoY). Capital and credit metrics: CET1 11.0%, total risk-based capital 12.2%, allowance for credit losses 1.2% of loans, tangible book value per share $29.27.

Positive

• Net income +24% YTD to $14.5M
• Diluted EPS +22% YTD to $2.90
• Net interest income +21% YTD to $47.9M
• Wealth assets +11% YoY to $2.6B
• Pre-tax pre-provision income +28% YoY to $22.1M

Negative

• Non-interest expense +12% YTD to $38.5M
• Provision for credit losses +58% YTD to $2.9M
• Total borrowings -50% vs. prior quarter to $58.8M

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: jenifer.kimbrough@oakworth.com

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SOURCE Oakworth Capital Inc.

FAQ

What were Oakworth (OAKC) net income and diluted EPS for the nine months ended Sept. 30, 2025?

Net income was $14.5M (up 24% YoY) and diluted EPS was $2.90 (up 22% YoY).

How did Oakworth's revenue and net interest income perform in 9M 2025 for OAKC?

Revenue was $60.6M (+17% YoY) and net interest income was $47.9M (+21% YoY).

What was Oakworth's loan and deposit growth reported for OAKC as of Sept. 30, 2025?

Loans were $1.5B (period-end +9% YoY) and deposits were $1.7B (period-end +11% YoY).

What capital and credit metrics did Oakworth report for OAKC on Sept. 30, 2025?

CET1 ratio was 11.0%, total risk-based capital 12.2%, and allowance for credit losses was 1.2% of loans.

How large were Oakworth's wealth assets for OAKC at Sept. 30, 2025 and how did they change?

Wealth assets were $2.566B, an 11% increase versus Sept. 30, 2024.

Did Oakworth (OAKC) report any notable expense or credit trends in 9M 2025?

Yes — non-interest expenses rose 12% YTD to $38.5M and provision for credit losses rose 58% YTD to $2.9M.