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:
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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 ofOakworth 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. 09/30/2024Wealth 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. 09/30/2024AssetsCash 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' EquityLiabilities: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. 3Q24Interest 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 lossesNon-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 ChangeInterest 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 lossesNon-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, visitwww.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 KimbroughPhone: 205-263-4704Email: jenifer.kimbrough@oakworth.com
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SOURCE Oakworth Capital Inc.
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