Oakworth Capital Inc. Reports 27% Increase in Diluted EPS
Oakworth Capital (OTCQX: OAKC) has reported substantial growth in Q1 2025, with notable increases in both quarterly and annual profitability. The company achieved net income of $5.0 million, marking a 23% increase from the previous quarter and 28% year-over-year growth.
Key financial highlights include:
- Diluted EPS reached $1.01, up 27% from Q1 2024
- Revenue grew to $19.8 million, an 18% increase year-over-year
- Trust and wealth fees showed 6% quarterly and 12% annual growth
- Wealth assets rose 6% year-over-year to $2.3 billion
- Loans increased 17% year-over-year to $1.5 billion
- Deposits grew 14% year-over-year to $1.6 billion
The company maintained strong capital positions with a Tier 1 Capital ratio of 10.6%, Total Capital Ratio of 11.7%, and Leverage Ratio of 9.5% as of March 31, 2025.
Oakworth Capital (OTCQX: OAKC) ha registrato una crescita significativa nel primo trimestre 2025, con aumenti rilevanti sia nella redditività trimestrale che annuale. La società ha raggiunto un utile netto di 5,0 milioni di dollari, segnando un incremento del 23% rispetto al trimestre precedente e una crescita del 28% su base annua.
I principali dati finanziari includono:
- EPS diluito pari a 1,01 dollari, in aumento del 27% rispetto al primo trimestre 2024
- I ricavi sono cresciuti a 19,8 milioni di dollari, con un incremento del 18% su base annua
- Le commissioni per trust e gestione patrimoniale hanno registrato una crescita del 6% trimestrale e del 12% annuale
- Gli asset patrimoniali sono aumentati del 6% su base annua, raggiungendo i 2,3 miliardi di dollari
- I prestiti sono cresciuti del 17% su base annua, arrivando a 1,5 miliardi di dollari
- I depositi sono aumentati del 14% su base annua, raggiungendo 1,6 miliardi di dollari
La società ha mantenuto solide posizioni di capitale con un rapporto Tier 1 Capital del 10,6%, un rapporto di capitale totale dell'11,7% e un rapporto di leva finanziaria del 9,5% al 31 marzo 2025.
Oakworth Capital (OTCQX: OAKC) reportó un crecimiento sustancial en el primer trimestre de 2025, con aumentos notables tanto en la rentabilidad trimestral como anual. La compañía alcanzó un ingreso neto de 5,0 millones de dólares, lo que representa un incremento del 23% respecto al trimestre anterior y un crecimiento interanual del 28%.
Los principales aspectos financieros incluyen:
- EPS diluido de 1,01 dólares, un aumento del 27% respecto al primer trimestre de 2024
- Los ingresos crecieron a 19,8 millones de dólares, un aumento del 18% interanual
- Las comisiones por fideicomisos y gestión patrimonial mostraron un crecimiento del 6% trimestral y 12% anual
- Los activos patrimoniales aumentaron un 6% interanual, alcanzando los 2,3 mil millones de dólares
- Los préstamos crecieron un 17% interanual, llegando a 1,5 mil millones de dólares
- Los depósitos aumentaron un 14% interanual, alcanzando 1,6 mil millones de dólares
La compañía mantuvo sólidas posiciones de capital con un ratio de Capital Tier 1 del 10,6%, un ratio de Capital Total del 11,7% y un ratio de Apalancamiento del 9,5% al 31 de marzo de 2025.
Oakworth Capital (OTCQX: OAKC)는 2025년 1분기에 분기별 및 연간 수익성 모두에서 눈에 띄는 성장을 보고했습니다. 회사는 순이익 500만 달러를 달성했으며, 이는 전 분기 대비 23%, 전년 동기 대비 28% 증가한 수치입니다.
주요 재무 하이라이트는 다음과 같습니다:
- 희석 주당순이익(EPS)은 1.01달러로 2024년 1분기 대비 27% 증가
- 매출은 1,980만 달러로 전년 대비 18% 증가
- 신탁 및 자산 관리 수수료는 분기별 6%, 연간 12% 성장
- 자산 운용액은 전년 대비 6% 증가하여 23억 달러 달성
- 대출은 전년 대비 17% 증가하여 15억 달러 기록
- 예금은 전년 대비 14% 증가하여 16억 달러 달성
회사는 2025년 3월 31일 기준으로 Tier 1 자본비율 10.6%, 총자본비율 11.7%, 레버리지 비율 9.5%로 견고한 자본 상태를 유지했습니다.
Oakworth Capital (OTCQX : OAKC) a annoncé une croissance substantielle au premier trimestre 2025, avec des augmentations notables de la rentabilité trimestrielle et annuelle. La société a réalisé un revenu net de 5,0 millions de dollars, soit une hausse de 23 % par rapport au trimestre précédent et une croissance de 28 % en glissement annuel.
Les principaux faits financiers sont les suivants :
- Le BPA dilué a atteint 1,01 $, en hausse de 27 % par rapport au premier trimestre 2024
- Le chiffre d'affaires a augmenté pour atteindre 19,8 millions de dollars, soit une croissance de 18 % en un an
- Les frais de gestion de trusts et de patrimoine ont connu une croissance de 6 % sur le trimestre et de 12 % sur l'année
- Les actifs patrimoniaux ont augmenté de 6 % en un an pour atteindre 2,3 milliards de dollars
- Les prêts ont progressé de 17 % en un an pour atteindre 1,5 milliard de dollars
- Les dépôts ont augmenté de 14 % en un an pour atteindre 1,6 milliard de dollars
La société a maintenu de solides positions en capital avec un ratio de fonds propres de catégorie 1 de 10,6 %, un ratio de capital total de 11,7 % et un ratio de levier de 9,5 % au 31 mars 2025.
Oakworth Capital (OTCQX: OAKC) verzeichnete im ersten Quartal 2025 ein erhebliches Wachstum mit deutlichen Steigerungen sowohl bei der quartalsweisen als auch bei der jährlichen Profitabilität. Das Unternehmen erzielte einen Nettoeinkommen von 5,0 Millionen US-Dollar, was einem Anstieg von 23 % gegenüber dem Vorquartal und einem Wachstum von 28 % im Jahresvergleich entspricht.
Wichtige finanzielle Eckdaten umfassen:
- Das verwässerte Ergebnis je Aktie (EPS) erreichte 1,01 USD, ein Anstieg von 27 % gegenüber dem ersten Quartal 2024
- Der Umsatz stieg auf 19,8 Millionen USD, ein Plus von 18 % im Jahresvergleich
- Gebühren für Treuhand- und Vermögensverwaltung zeigten ein Wachstum von 6 % im Quartal und 12 % im Jahresvergleich
- Vermögenswerte stiegen im Jahresvergleich um 6 % auf 2,3 Milliarden USD
- Darlehen erhöhten sich im Jahresvergleich um 17 % auf 1,5 Milliarden USD
- Einlagen wuchsen im Jahresvergleich um 14 % auf 1,6 Milliarden USD
Das Unternehmen hielt zum 31. März 2025 starke Kapitalpositionen mit einer Tier-1-Kapitalquote von 10,6 %, einer Gesamtkapitalquote von 11,7 % und einer Verschuldungsquote von 9,5 %.
- None.
- None.
- Net income of
$5.0 23% higher than$4.1 million 28% higher than$3.9 million - Diluted earnings per share of
$1 23% higher than$0.82 27% higher than$0.80 - Pre-tax pre-provision income of
$7.5 17% higher than$6.4 million 39% higher than$5.4 million - Revenue of
$19.8 3% higher than$19.1 million 18% higher than$16.7 million 4% linked-quarter growth and24% year-over-year growth in net interest income6% linked-quarter growth and12% year-over-year growth in trust and wealth fees
- Non-interest expenses of
$12.3 3% lower linked-quarter and9% higher year-over-year - ROAE of
15.9% - ROAA of
1.1%
Oakworth's Chairman and CEO Scott Reed stated, "Our strong first quarter results reflect an intense focus on understanding and serving the needs of our clients while ensuring that we are managing our business in a prudent manner. We are growing our balance sheet in a balanced fashion while ensuring that we realize returns on our investments in markets, technology and people."
Wealth assets increased
At March 31, 2025, Tier 1 Capital was
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 | |||||||||||||||
3/31/2025 | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 03/31/2025 vs. 12/31/2024 | 03/31/2025 vs. 03/31/2024 | ||||||||||||
Wealth assets (non-balance sheet) | $ 2,285 | $ 2,297 | $ 2,308 | $ 2,200 | $ 2,156 | $ (12) | 0 % | $ 129 | 6 % | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF CONDITION (Unaudited) | ||||||||||||||||||
(in thousands) | As of | Change | Change | |||||||||||||||
3/31/2025 | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 03/31/2025 vs. 12/31/2024 | 03/31/2025 vs. 03/31/2024 | ||||||||||||
Assets | ||||||||||||||||||
Cash and due from banks | $ 100,968 | $ 125,016 | $ 117,265 | $ 71,623 | $ 126,215 | $ (24,048) | -19 % | $ (25,247) | -20 % | |||||||||
Federal funds sold | 525 | 950 | 1,950 | 75 | 1,650 | (425) | -45 % | (1,125) | -68 % | |||||||||
Securities available for sale | 175,599 | 158,885 | 156,926 | 151,379 | 147,576 | 16,714 | 11 % | 28,023 | 19 % | |||||||||
Loans, net of unearned income | 1,492,413 | 1,455,238 | 1,411,569 | 1,357,150 | 1,280,129 | 37,175 | 3 % | 212,284 | 17 % | |||||||||
Allowance for credit losses | (17,015) | (16,330) | (16,494) | (15,895) | (15,048) | (685) | 4 % | (1,967) | 13 % | |||||||||
Loans, net | 1,475,398 | 1,438,908 | 1,395,075 | 1,341,255 | 1,265,081 | 36,490 | 3 % | 210,317 | 17 % | |||||||||
Fixed assets | 4,221 | 4,420 | 4,647 | 4,820 | 4,998 | (199) | -5 % | (777) | -16 % | |||||||||
Interest receivable | 6,909 | 6,678 | 6,478 | 6,903 | 6,279 | 231 | 3 % | 630 | 10 % | |||||||||
Other assets | 53,866 | 54,084 | 54,396 | 56,200 | 47,856 | (218) | 0 % | 6,010 | 13 % | |||||||||
Total assets | $ 1,817,486 | $ 1,788,941 | $ 1,736,737 | $ 1,632,255 | $ 1,599,655 | $ 28,545 | 2 % | $ 217,831 | 14 % | |||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||
Liabilities: | ||||||||||||||||||
Deposits: | ||||||||||||||||||
Non-interest bearing deposits | $ 270,536 | $ 274,872 | $ 255,008 | $ 274,968 | $ 266,083 | $ (4,336) | -2 % | $ 4,453 | 2 % | |||||||||
Interest-bearing deposits | 1,356,172 | 1,321,864 | 1,268,998 | 1,124,013 | 1,166,594 | 34,308 | 3 % | 189,578 | 16 % | |||||||||
Total deposits | 1,626,708 | 1,596,736 | 1,524,006 | 1,398,981 | 1,432,677 | 29,972 | 2 % | 194,031 | 14 % | |||||||||
Total Borrowings | 38,763 | 39,296 | 64,273 | 94,250 | 34,227 | (533) | -1 % | 4,536 | 13 % | |||||||||
Accrued interest payable | 559 | 1,149 | 643 | 1,517 | 703 | (590) | -51 % | (144) | -20 % | |||||||||
Other liabilities | 20,382 | 26,964 | 22,018 | 19,474 | 18,005 | (6,582) | -24 % | 2,377 | 13 % | |||||||||
Total liabilities | 1,686,412 | 1,664,145 | 1,610,940 | 1,514,222 | 1,485,612 | 22,267 | 1 % | 200,800 | 14 % | |||||||||
Total stockholders' equity | 131,074 | 124,796 | 125,797 | 118,033 | 114,043 | 6,278 | 5 % | 17,031 | 15 % | |||||||||
Total liabilities and stockholders' equity | $ 1,817,486 | $ 1,788,941 | $ 1,736,737 | $ 1,632,255 | $ 1,599,655 | $ 28,545 | 2 % | $ 217,831 | 14 % | |||||||||
OAKWORTH CAPITAL INC. | ||||||||||||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | ||||||||||||||||||
(in thousands) | Quarter Ended | Change | Change | |||||||||||||||
3/31/2025 | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 1Q25 vs. 4Q24 | 1Q25 vs. 1Q24 | ||||||||||||
Interest income: | ||||||||||||||||||
Loans, including fees | $ 24,803 | $ 25,141 | $ 25,423 | $ 23,505 | $ 22,056 | $ (338) | -1 % | $ 2,747 | 12 % | |||||||||
Securities available for sale | 1,474 | 1,257 | 1,187 | 1,101 | 1,030 | 217 | 17 % | 444 | 43 % | |||||||||
Short term investments | 1,169 | 1,222 | 837 | 982 | 1,134 | (53) | -4 % | 35 | 3 % | |||||||||
Total interest income | 27,446 | 27,620 | 27,447 | 25,588 | 24,220 | (174) | -1 % | 3,226 | 13 % | |||||||||
Interest expense: | ||||||||||||||||||
Deposits | 11,268 | 11,807 | 12,296 | 11,429 | 11,189 | (539) | -5 % | 79 | 1 % | |||||||||
Borrowings | 637 | 804 | 1,253 | 1,044 | 548 | (167) | -21 % | 89 | 16 % | |||||||||
Total interest expense | 11,905 | 12,611 | 13,549 | 12,473 | 11,737 | (706) | -6 % | 168 | 1 % | |||||||||
Net interest income | 15,541 | 15,009 | 13,898 | 13,115 | 12,483 | 532 | 4 % | 3,058 | 24 % | |||||||||
Provision for credit losses | 775 | 1,080 | 599 | 847 | 396 | (305) | -28 % | 379 | 96 % | |||||||||
Net interest income after provision | 14,766 | 13,929 | 13,299 | 12,268 | 12,087 | 837 | 6 % | 2,679 | 22 % | |||||||||
for loan losses | ||||||||||||||||||
Non-interest income | 4,245 | 4,108 | 3,943 | 4,051 | 4,219 | 137 | 3 % | 26 | 1 % | |||||||||
Non-interest expense | 12,325 | 12,721 | 11,638 | 11,497 | 11,320 | (396) | -3 % | 1,005 | 9 % | |||||||||
Income before income taxes | 6,686 | 5,316 | 5,604 | 4,822 | 4,986 | 1,370 | 26 % | 1,700 | 34 % | |||||||||
Provision for income taxes | 1,655 | 1,236 | 1,458 | 1,204 | 1,056 | 419 | 34 % | 599 | 57 % | |||||||||
Net Income | 5,031 | 4,080 | 4,146 | 3,618 | 3,930 | 951 | 23 % | 1,101 | 28 % | |||||||||
Earnings per share - basic | $ 1.01 | $ 0.82 | $ 0.84 | $ 0.73 | $ 0.80 | $ 0.19 | 23 % | $ 0.21 | 27 % | |||||||||
Earnings per share - diluted | $ 1.01 | $ 0.82 | $ 0.84 | $ 0.73 | $ 0.80 | $ 0.19 | 23 % | $ 0.21 | 27 % | |||||||||
OAKWORTH CAPITAL INC. | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | |||||||||
(in thousands) | YTD Period Ended | ||||||||
3/31/2025 | 3/31/2024 | Change | |||||||
Interest income: | |||||||||
Loans, including fees | $ 24,803 | $ 22,056 | $ 2,747 | 12 % | |||||
Securities available for sale | 1,474 | 1,030 | 444 | 43 % | |||||
Short term investments | 1,169 | 1,134 | 35 | 3 % | |||||
Total interest income | 27,446 | 24,220 | 3,226 | 13 % | |||||
Interest expense: | |||||||||
Deposits | 11,268 | 11,189 | 79 | 1 % | |||||
Borrowings | 637 | 548 | 89 | 16 % | |||||
Total interest expense | 11,905 | 11,737 | 168 | 1 % | |||||
Net interest income | 15,541 | 12,483 | 3,058 | 24 % | |||||
Provision for credit losses | 775 | 396 | 379 | 96 % | |||||
Net interest income after provision | 14,766 | 12,087 | 2,679 | 22 % | |||||
for loan losses | |||||||||
Non-interest income | 4,245 | 4,219 | 26 | 1 % | |||||
Non-interest expense | 12,325 | 11,320 | 1,005 | 9 % | |||||
Income before income taxes | 6,686 | 4,986 | 1,700 | 34 % | |||||
Provision for income taxes | 1,655 | 1,056 | 599 | 57 % | |||||
Net Income | 5,031 | 3,930 | 1,101 | 28 % | |||||
Earnings per share - basic | $ 1.01 | $ 0.80 | $ 0.21 | 27 % | |||||
Earnings per share - diluted | $ 1.01 | $ 0.80 | $ 0.21 | 27 % | |||||
For more information contact:
Jenifer Kimbrough
Phone: 205-263-4704
Email: jenifer.kimbrough@oakworth.com
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SOURCE Oakworth Capital Inc.
FAQ
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