Oakworth Capital Inc. Reports 24% Increase in Diluted EPS

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Oakworth Capital (OTCQX: OAKC) reported strong financial results for the first half of 2025, with diluted earnings per share increasing 24% to $1.89 compared to $1.53 in the same period of 2024. The company achieved net income of $9.4 million, up 25% year-over-year.

Key performance metrics include revenue growth of 18% to $39.8 million, wealth assets increasing 10% to $2.4 billion, and loan growth of 15% to $1.5 billion. The company maintained strong credit quality with minimal non-performing loans and healthy capital ratios, including a total risk-based capital ratio of 12.1%.

Positive

• Net income increased 25% year-over-year to $9.4 million
• Revenue grew 18% to $39.8 million compared to prior year
• Net interest income rose 23% year-over-year
• Wealth assets increased 10% to $2.4 billion
• Strong loan growth of 15% and deposit growth of 16% on average basis
• Excellent credit quality with minimal non-performing loans ($0.5 million)

Negative

• Trust and wealth fees declined 4% quarter-over-quarter
• Non-interest expenses increased 11% year-over-year to $25.3 million

BIRMINGHAM, Ala., July 24, 2025 /PRNewswire/ -- Oakworth Capital Inc. (Oakworth) (OTCQX: OAKC) reported 24% higher diluted earnings per share in the first half of 2025 compared to the first half of 2024.   Year-to-date and as of June 30, 2025, highlights include:

Income/Profitability:

• Net income of $9.4 million: 25% higher than $7.5 million year-over-year
• Diluted earnings per share of $1.89: 24% higher than $1.53 in the same period of 2024
• Pre-tax pre-provision income of $14.5 million: 31% higher than $11.1 million in the first half of 2024
• Revenue of $39.8 million: 18% higher than $33.9 million in the same period of 2024
  • 2% linked-quarter growth and 23% year-over-year growth in net interest income
  • 4% linked-quarter decline and 10% year-over-year growth in trust and wealth fees
• Non-interest expenses of $25.3 million: 11% higher year-over-year
• ROAE of 14.5%
• ROAA of 1.0%

Wealth Assets/Balance Sheet:

• Wealth assets of $2.4 billion, 10% higher than $2.2 billion one year prior
• Year-over-year loan growth of 15% on average basis and 10% on period end basis to $1.5 billion
• Year-over-year deposit growth of 16% on average basis and 12% on period end basis to $1.6 billion

Safety and Soundness:

• Credit quality metrics:
  • $0.5 million non-performing loans
  • $0 past due +90 loans
  • $5.4 million ORE
  • 1.2% allowance for credit losses as percentage of loans, net
• Capital ratios
  • Total risk-based capital: 12.1%
  • CET1: 10.9%
  • Tier 1 leverage: 9.7%

Oakworth's Chairman and CEO Scott Reed stated, "We continue to see positive momentum from our investments in people, processes and technology in new and existing markets.  We look forward to serving our clients and accelerating revenue in the back half of the year."

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 June 30, 2025, Oakworth had $1.8 billion in total assets, $1.5 billion in gross loans, $1.6 billion in deposits and $2.4 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.

OAKWORTH CAPITAL INC.
WEALTH AND TRUST (Unaudited)
(In millions)		As of										Change				Change
		6/30/2025		3/31/2025		12/31/2024		9/30/2024		6/30/2024		6/30/2025 vs. 03/31/2025				06/30/2025 vs. 06/30/2024
Wealth assets (non-balance sheet)		$           2,415		$           2,285		$           2,297		$           2,308		$           2,200		$              130		6 %		$              215		10 %
CONSOLIDATED CONDENSED STATEMENTS OF CONDITION (Unaudited)
(in thousands)		As of										Change				Change
		6/30/2025		3/31/2025		12/31/2024		9/30/2024		6/30/2024		6/30/2025 vs. 03/31/2025				06/30/2025 vs. 06/30/2024
Assets
Cash and due from banks		$       124,351		$       100,968		$       125,016		$       117,265		$         71,623		$         23,383		23 %		$         52,728		74 %
Federal funds sold		1,900		525		950		1,950		75		1,375		262 %		1,825		2433 %
Securities available for sale		175,535		175,599		158,885		156,926		151,379		(64)		0 %		24,156		16 %
Loans, net of unearned income		1,496,222		1,492,413		1,455,238		1,411,569		1,357,150		3,809		0 %		139,072		10 %
Allowance for credit losses		(17,944)		(17,015)		(16,330)		(16,494)		(15,895)		(929)		5 %		(2,049)		13 %
Loans, net		1,478,278		1,475,398		1,438,908		1,395,075		1,341,255		2,880		0 %		137,023		10 %
Fixed assets		3,980		4,221		4,420		4,647		4,820		(241)		-6 %		(840)		-17 %
Interest receivable		6,611		6,909		6,678		6,478		6,903		(298)		-4 %		(292)		-4 %
Other assets		58,967		53,866		54,084		54,396		56,200		5,101		9 %		2,767		5 %
Total assets		$     1,849,622		$     1,817,486		$     1,788,941		$     1,736,737		$     1,632,255		$         32,136		2 %		$       217,367		13 %
Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Non-interest bearing deposits		$       273,119		$       270,536		$       274,872		$       255,008		$       274,968		$           2,583		1 %		$          (1,849)		-1 %
Interest-bearing deposits		1,299,175		1,356,172		1,321,864		1,268,998		1,124,013		(56,997)		-4 %		175,162		16 %
Total deposits		1,572,294		1,626,708		1,596,736		1,524,006		1,398,981		(54,414)		-3 %		173,313		12 %
Total Borrowings		118,786		38,763		39,296		64,273		94,250		80,023		206 %		24,536		26 %
Accrued interest payable		1,452		559		1,149		643		1,517		893		160 %		(65)		-4 %
Other liabilities		21,333		20,382		26,964		22,018		19,474		951		5 %		1,859		10 %
Total liabilities		1,713,865		1,686,412		1,664,145		1,610,940		1,514,222		27,453		2 %		199,643		13 %
Total stockholders' equity		135,757		131,074		124,796		125,797		118,033		4,683		4 %		17,724		15 %
Total liabilities and stockholders' equity		$     1,849,622		$     1,817,486		$     1,788,941		$     1,736,737		$     1,632,255		$         32,136		2 %		$       217,367		13 %

 

OAKWORTH CAPITAL INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)
(in thousands)		Quarter Ended										Change				Change
		6/30/2025		3/31/2025		12/31/2024		9/30/2024		6/30/2024		2Q25 vs. 1Q25				2Q25 vs. 2Q24
Interest income:
Loans, including fees		$         25,306		$         24,803		$         25,141		$         25,423		$         23,505		$              503		2 %		$           1,801		8 %
Securities available for sale		1,605		1,474		1,257		1,187		1,101		131		9 %		504		46 %
Short term investments		1,043		1,169		1,222		837		982		(126)		-11 %		61		6 %
Total interest income		27,954		27,446		27,620		27,447		25,588		508		2 %		2,366		9 %
Interest expense:
Deposits		11,049		11,268		11,807		12,296		11,429		(219)		-2 %		(380)		-3 %
Borrowings		1,022		637		804		1,253		1,044		385		60 %		(22)		-2 %
Total interest expense		12,071		11,905		12,611		13,549		12,473		166		1 %		(402)		-3 %
Net interest income		15,883		15,541		15,009		13,898		13,115		342		2 %		2,768		21 %
Provision for credit losses		1,236		775		1,080		599		847		461		59 %		389		46 %
Net interest income after provision		14,647		14,766		13,929		13,299		12,268		(119)		-1 %		2,379		19 %
for loan losses
Non-interest income		4,131		4,245		4,108		3,943		4,051		(114)		-3 %		80		2 %
Non-interest expense		12,964		12,325		12,721		11,638		11,497		639		5 %		1,467		13 %
Income before income taxes		5,814		6,686		5,316		5,604		4,822		(872)		-13 %		992		21 %
Provision for income taxes		1,434		1,655		1,236		1,458		1,204		(221)		-13 %		230		19 %
Net Income		4,380		5,031		4,080		4,146		3,618		(651)		-13 %		762		21 %
Earnings per share - basic		$             0.88		$             1.01		$             0.82		$             0.84		$             0.73		$            (0.13)		-13 %		$             0.15		21 %
Earnings per share - diluted		$             0.88		$             1.01		$             0.82		$             0.84		$             0.73		$            (0.13)		-13 %		$             0.15		21 %

 

OAKWORTH CAPITAL INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)
(in thousands)		YTD Period Ended
		6/30/2025			6/30/2024		Change
Interest income:
Loans, including fees		$         50,108			$          45,560		$           4,548		10 %
Securities available for sale		3,080			2,132		948		44 %
Short term investments		2,212			2,116		96		5 %
Total interest income		55,400			49,808		5,592		11 %
Interest expense:
Deposits		22,317			22,618		(301)		-1 %
Borrowings		1,659			1,592		67		4 %
Total interest expense		23,976			24,210		(234)		-1 %
Net interest income		31,424			25,598		5,826		23 %
Provision for credit losses		2,011			1,243		768		62 %
Net interest income after provision		29,413			24,355		5,058		21 %
for loan losses
Non-interest income		8,376			8,271		105		1 %
Non-interest expense		25,289			22,817		2,472		11 %
Income before income taxes		12,500			9,809		2,691		27 %
Provision for income taxes		3,089			2,261		828		37 %
Net Income		9,411			7,548		1,863		25 %
Earnings per share - basic		$             1.89			$             1.53		$             0.36		24 %
Earnings per share - diluted		$             1.89			$             1.53		$             0.36		24 %

 

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 was Oakworth Capital's (OAKC) earnings per share in H1 2025?

Oakworth Capital reported diluted earnings per share of $1.89 in H1 2025, representing a 24% increase from $1.53 in H1 2024.

How much did Oakworth Capital's (OAKC) revenue grow in H1 2025?

Oakworth Capital's revenue grew 18% to $39.8 million compared to $33.9 million in the same period of 2024.

What was Oakworth Capital's (OAKC) loan and deposit growth in H1 2025?

Oakworth Capital achieved loan growth of 15% to $1.5 billion and deposit growth of 16% to $1.6 billion on an average basis year-over-year.

How much are Oakworth Capital's (OAKC) wealth assets under management?

Oakworth Capital reported wealth assets of $2.4 billion, representing a 10% increase from $2.2 billion one year prior.

What are Oakworth Capital's (OAKC) key capital ratios in H1 2025?

Oakworth Capital maintained strong capital ratios with total risk-based capital of 12.1%, CET1 of 10.9%, and Tier 1 leverage of 9.7%.