Oakworth Capital Inc. Reports 24% Increase in Diluted EPS
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%.
Oakworth Capital (OTCQX: OAKC) ha riportato risultati finanziari solidi per il primo semestre del 2025, con un utile diluito per azione in aumento del 24% a 1,89 dollari rispetto a 1,53 dollari nello stesso periodo del 2024. La società ha raggiunto un utile netto di 9,4 milioni di dollari, in crescita del 25% su base annua.
Le principali metriche di performance includono una crescita dei ricavi del 18% a 39,8 milioni di dollari, un aumento del patrimonio gestito del 10% a 2,4 miliardi di dollari e una crescita dei prestiti del 15% a 1,5 miliardi di dollari. La società ha mantenuto una solida qualità del credito con un numero minimo di prestiti in sofferenza e rapporti di capitale sani, incluso un indice totale di capitale basato sul rischio del 12,1%.
Oakworth Capital (OTCQX: OAKC) reportó sólidos resultados financieros en la primera mitad de 2025, con un beneficio diluido por acción que aumentó un 24% hasta $1.89 en comparación con $1.53 en el mismo período de 2024. La compañía logró un ingreso neto de $9.4 millones, un aumento del 25% interanual.
Las métricas clave de desempeño incluyen un crecimiento de ingresos del 18% hasta $39.8 millones, un aumento del patrimonio gestionado del 10% hasta $2.4 mil millones y un crecimiento de préstamos del 15% hasta $1.5 mil millones. La empresa mantuvo una sólida calidad crediticia con préstamos morosos mínimos y ratios de capital saludables, incluyendo un ratio total de capital basado en riesgos del 12.1%.
Oakworth Capital (OTCQX: OAKC)는 2025년 상반기에 강력한 재무 실적을 보고했으며, 희석 주당순이익이 24% 증가하여 1.89달러를 기록해 2024년 같은 기간의 1.53달러에서 상승했습니다. 회사는 순이익 940만 달러를 달성하며 전년 대비 25% 증가했습니다.
주요 성과 지표로는 매출이 18% 증가한 3,980만 달러, 자산 관리 규모가 10% 증가한 24억 달러, 대출 성장률은 15% 증가한 15억 달러를 기록했습니다. 회사는 최소한의 부실 대출과 건전한 자본 비율을 유지했으며, 총 위험 기반 자본 비율은 12.1%입니다.
Oakworth Capital (OTCQX : OAKC) a publié de solides résultats financiers pour le premier semestre 2025, avec un bénéfice dilué par action en hausse de 24 % à 1,89 $ contre 1,53 $ sur la même période en 2024. La société a réalisé un revenu net de 9,4 millions de dollars, en hausse de 25 % en glissement annuel.
Les indicateurs clés de performance incluent une croissance du chiffre d'affaires de 18 % à 39,8 millions de dollars, une augmentation des actifs sous gestion de 10 % à 2,4 milliards de dollars, et une croissance des prêts de 15 % à 1,5 milliard de dollars. La société a maintenu une bonne qualité de crédit avec un minimum de prêts non performants et des ratios de capital sains, dont un ratio de capital total basé sur le risque de 12,1 %.
Oakworth Capital (OTCQX: OAKC) meldete starke Finanzergebnisse für das erste Halbjahr 2025, mit einem verwässerten Gewinn je Aktie, der um 24 % auf 1,89 USD stieg im Vergleich zu 1,53 USD im gleichen Zeitraum 2024. Das Unternehmen erzielte einen Nettoertrag von 9,4 Millionen USD, was einer Steigerung von 25 % im Jahresvergleich entspricht.
Zu den wichtigsten Leistungskennzahlen gehören ein Umsatzwachstum von 18 % auf 39,8 Millionen USD, ein Vermögensanstieg um 10 % auf 2,4 Milliarden USD und ein Kreditwachstum von 15 % auf 1,5 Milliarden USD. Das Unternehmen behielt eine starke Kreditqualität mit minimalen notleidenden Krediten und gesunden Kapitalquoten bei, einschließlich einer risikobasierten Gesamtkapitalquote von 12,1 %.
- 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)
- Trust and wealth fees declined 4% quarter-over-quarter
- Non-interest expenses increased 11% year-over-year to $25.3 million
Income/Profitability:
- Net income of
$9.4 25% higher than$7.5 million - Diluted earnings per share of
$1 24% higher than$1.53 - Pre-tax pre-provision income of
$14.5 31% higher than$11.1 million - Revenue of
$39.8 18% higher than$33.9 million 2% linked-quarter growth and23% year-over-year growth in net interest income4% linked-quarter decline and10% year-over-year growth in trust and wealth fees
- Non-interest expenses of
$25.3 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 - Year-over-year loan growth of
15% on average basis and10% on period end basis to$1.5 billion - Year-over-year deposit growth of
16% on average basis and12% on period end basis to$1.6 billion
Safety and Soundness:
- Credit quality metrics:
$0.5 million $0 $5.4 million 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%
- Total risk-based capital:
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
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
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.
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