Oakworth Capital Inc. Reports 24% Increase in Diluted EPS | OAKC Stock News

, /PRNewswire/ -- Oakworth Capital Inc. (Oakworth) (OTCQX: OAKC) reported 24% higher diluted earnings per share in fiscal year 2025 compared to 2024. Oakworth's Chairman and CEO Scott Reed stated, "We focus on serving our clients at the highest level on a consistent basis, across markets. In 2025, our clients told us we were doing just that with a Net Promoter Score of 95 and 95% client retention. We know that financial results will follow and they have. I am exceptionally proud of our associates and look forward to more of the same in 2026."Fiscal year and "as of" December 31, 2025, highlights include:Income/Profitability:Net income of $19.8 million: 25% higher than $15.8 million year-over-yearDiluted earnings per share of $3.94: 24% higher than $3.19 in 2024Pre-tax pre-provision income of $29.6 million: 25% higher than $23.7 million in 2024Revenue of $82.7 million: 17% higher than $70.8 million in 202420% year-over-year growth in net interest income13% year-over-year growth in trust and wealth feesNon-interest expenses of $53.1 million: 13% higher year-over-yearROAE of 14.4%ROAA of 1.1%Wealth Assets/Balance Sheet:Wealth assets of $2.7 billion, 17% higher than $2.3 billion one year priorYear-over-year loan growth of 12% on average basis and 10% on period end basis to $1.6 billionYear-over-year deposit growth of 14% on average basis and 15% on period end basis to $1.8 billionTangible book value per share: $30.10Safety and Soundness:Credit quality metrics: $0.5 million non-performing loans$0 past due +90 loans$3.4 million ORE1.2% allowance for credit losses as percentage of loans, netCapital ratiosTotal risk-based capital: 11.9%CET1: 10.7%Tier 1 leverage: 9.3%About Oakworth Capital Inc. and Oakworth Capital BankOakworth 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 nine years, holding the top spot for six of those and ranking #2 most recently. Additionally, Oakworth's 2025 average Net Promoter Score (NPS) was 95 with a commensurate client retention rate of 95%. As of December 31, 2025, Oakworth had $2.0 billion in total assets, $1.6 billion in gross loans, $1.8 billion in deposits and $2.7 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.Advisory services, including investment management and financial planning, are offered through Oakworth Asset Management LLC, a registered investment advisor that is owned by Oakworth Capital Bank, Member FDIC. Investment products and services offered via Oakworth Asset Management LLC are independent of the products and services offered by Oakworth Capital Bank, and are not FDIC insured, may lose value, have no bank guarantee, and are not insured by any federal or state government agency. Because Oakworth Asset Management LLC is owned by Oakworth Capital Bank and because associates of either entity may provide financial advice to our clients, there exists a conflict of interest to the extent that either party recommends the services of the other. Oakworth Asset Management LLC does not provide tax or legal advice. You should consult your tax advisor, accountant, and/or attorney before making any decisions with tax or legal implications. Additional information about Oakworth Asset Management LLC, including its services and fees, may be obtained from adviserinfo.sec.gov or by contacting Oakworth Asset Management directly.OAKWORTH CAPITAL INC.WEALTH AND TRUST (Unaudited)(In millions)As of ChangeChange12/31/20259/30/20256/30/20253/31/202512/31/202412/31/2025 vs. 09/30/202512/31/2025 vs. 12/31/2024Wealth assets (non-balance sheet)$ 2,685$ 2,566$ 2,415$ 2,285$ 2,297$ 1195 %$ 38817 %CONSOLIDATED CONDENSED STATEMENTS OF CONDITION (Unaudited)(in thousands)As of ChangeChange12/31/20259/30/20256/30/20253/31/202512/31/202412/31/2025 vs. 09/30/202512/31/2025 vs. 12/31/2024AssetsCash and due from banks$ 194,946$ 153,084$ 124,351$ 100,968$ 125,016$ 41,86227 %$ 69,93056 %Federal funds sold1,3259501,90052595037539 %37539 %Securities available for sale201,684189,673175,535175,599158,88512,0116 %42,79927 %Loans, net of unearned income1,604,0231,533,7341,496,2221,492,4131,455,23870,2895 %148,78510 %Allowance for credit losses(19,348)(18,734)(17,944)(17,015)(16,330)(614)3 %(3,018)18 % Loans, net1,584,6751,515,0001,478,2781,475,3981,438,90869,6755 %145,76710 %Fixed assets3,6253,8213,9804,2214,420(196)-5 %(795)-18 %Interest receivable7,2466,8456,6116,9096,6784016 %5689 %Other assets52,72352,82558,96753,86654,084(102)0 %(1,361)-3 % Total assets$ 2,046,224$ 1,922,198$ 1,849,622$ 1,817,486$ 1,788,941$ 124,0266 %$ 257,28314 %Liabilities and Stockholders' EquityLiabilities: Deposits: Non-interest bearing deposits$ 304,683$ 300,340$ 273,119$ 270,536$ 274,872$ 4,3431 %$ 29,81111 % Interest-bearing deposits1,526,3021,397,9421,299,1751,356,1721,321,864128,3609 %204,43815 % Total deposits1,830,9851,698,2821,572,2941,626,7081,596,736132,7038 %234,24915 %Total Borrowings38,83158,809118,78638,76339,296(19,978)-34 %(465)-1 %Accrued interest payable1,2237101,4525591,14951372 %746 %Other liabilities26,52120,65721,33320,38226,9645,86428 %(443)-2 % Total liabilities1,897,5601,778,4581,713,8651,686,4121,664,145119,1027 %233,41514 % Total stockholders' equity148,664143,740135,757131,074124,7964,9243 %23,86819 % Total liabilities and stockholders' equity$ 2,046,224$ 1,922,198$ 1,849,622$ 1,817,486$ 1,788,941$ 124,0266 %$ 257,28314 %OAKWORTH CAPITAL INC.CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)(in thousands)Quarter EndedChangeChange12/31/20259/30/20256/30/20253/31/202512/31/20244Q25 vs. 3Q254Q25 vs. 4Q24Interest income: Loans, including fees$ 25,817$ 26,194$ 25,306$ 24,803$ 25,141$ (377)-1 %$ 6763 % Securities available for sale1,8141,6671,6051,4741,2571479 %55744 % Short term investments1,7721,0581,0431,1691,22271467 %55045 % Total interest income29,40328,91927,95427,44627,6204842 %1,7836 %Interest expense: Deposits11,28911,35711,04911,26811,807(68)-1 %(518)-4 % Borrowings6781,1141,022637804(436)-39 %(126)-16 % Total interest expense11,96712,47112,07111,90512,611(504)-4 %(644)-5 % Net interest income17,43616,44815,88315,54115,0099886 %2,42716 %Provision for credit losses1,0109051,2367751,08010512 %(70)-6 % Net interest income after provision16,42615,54314,64714,76613,9298836 %2,49718 % for loan lossesNon-interest income4,6474,3924,1314,2454,1082556 %53913 %Non-interest expense14,63413,22312,96412,32512,7211,41111 %1,91315 % Income before income taxes6,4396,7125,8146,6865,316(273)-4 %1,12321 %Provision for income taxes1,1451,6531,4341,6551,236(508)-31 %(91)-7 % Net Income5,2945,0594,3805,0314,0802355 %1,21430 %Earnings per share - basic$ 1.05$ 1.01$ 0.88$ 1.01$ 0.82$ 0.044 %$ 0.2328 %Earnings per share - diluted$ 1.04$ 1.01$ 0.88$ 1.01$ 0.82$ 0.033 %$ 0.2227 %OAKWORTH CAPITAL INC.CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)(in thousands)YTD Period Ended12/31/202512/31/2024ChangeInterest income: Loans, including fees$ 102,119$ 96,124$ 5,9956 % Securities available for sale6,5614,5771,98443 % Short term investments5,0414,17486721 % Total interest income113,721104,8758,8468 %Interest expense: Deposits44,96346,721(1,758)-4 % Borrowings3,4513,648(197)-5 % Total interest expense48,41450,369(1,955)-4 % Net interest income65,30754,50610,80120 %Provision for credit losses3,9262,9221,00434 % Net interest income after provision61,38151,5849,79719 % for loan lossesNon-interest income17,41516,3201,0957 %Non-interest expense53,14547,1765,96913 % Income before income taxes25,65120,7284,92324 %Provision for income taxes5,8874,95493319 % Net Income19,76415,7743,99025 %Earnings per share - basic$ 3.95$ 3.19$ 0.7624 %Earnings per share - diluted$ 3.94$ 3.19$ 0.7524 %For more information contact:Jenifer KimbroughPhone: 205-263-4704Email: jenifer.kimbrough@oakworth.comSOURCE Oakworth Capital Inc.