#USA #Birmingham #Oakworth Capital #EPS Growth

Oakworth Capital Inc. Reports Remarkable Growth in Diluted Earnings Per Share

Oakworth Capital Inc., headquartered in Birmingham, Alabama, has announced impressive financial results for the first quarter of 2025. The company, which operates under the ticker symbol OAKC on OTCQX, reported remarkable growth in profitability metrics, indicating a strong performance amid competitive pressures in the banking sector.

The key highlights from Oakworth's quarterly report are particularly encouraging:

• - The net income for the first quarter reached $5.0 million, marking a 23% increase from the previous linked quarter and 28% higher than the net income of $3.9 million reported in the same quarter last year.
• - Diluted earnings per share (EPS) surged to $1.01, a 23% increase from $0.82 in the linked quarter and a 27% rise from $0.80 in the first quarter of 2024.
• - The pre-tax pre-provision income stood at $7.5 million, reflecting a 17% increase linked-quarter and a 39% growth year-over-year.
• - Revenue climbed to $19.8 million, which is 3% higher than the $19.1 million generated in the preceding quarter and an impressive 18% rise from the $16.7 million earned during the first quarter last year.

These results showcase Oakworth’s ability to grow its net interest income, which increased by 4% linked-quarter and 24% year-over-year. Additionally, trust and wealth management fees have seen a growth of 6% linked-quarter and 12% year-over-year, indicating a strong demand for the bank's advisory services.

Commenting on these results, Scott Reed, Chairman and CEO of Oakworth, stated, "Our strong first quarter results reflect an intensive focus on understanding and serving the needs of our clients while ensuring that we are managing our business in a prudent manner. We are expanding our balance sheet thoughtfully while realizing returns on our investments in markets, technology, and people."

The bank has demonstrated a commitment to client engagement and operational efficiency, which is evident in the reduction of non-interest expenses to $12.3 million, 3% lower than the previous quarter, despite a 9% year-over-year increase.

Notably, Oakworth’s wealth management assets grew by 6% year-over-year, reaching $2.3 billion. Loan growth has also been strong, with a year-over-year increase of 17% and a linked-quarter growth of 3%, totaling $1.5 billion in loans. Deposits rose by 14% year-over-year and 2% linked-quarter, reaching $1.6 billion.

In terms of capital ratios, as of March 31, 2025, Oakworth reported a Tier 1 Capital ratio of 10.6%, a Total Capital Ratio of 11.7%, and a Leverage Ratio of 9.5%. These figures reflect the bank's robust capital position, allowing for continued growth and investment.

Founded in 2008, Oakworth Capital Inc. operates four offices across the Southeast, with a primary focus on commercial and private banking, as well as wealth management and advisory services. The institution has earned recognition among American Banker's "Best Banks to Work For" for eight consecutive years, taking the number one spot six times, which speaks volumes about its workplace culture and employee satisfaction. Additionally, Oakworth achieved an impressive average Net Promoter Score (NPS) of 94 and a client retention rate of 95% in 2024.

As of March 31, 2025, Oakworth reported total assets of $1.8 billion, gross loans of $1.5 billion, deposits totaling $1.6 billion, and managed wealth and trust assets amounting to $2.3 billion. For more information about Oakworth Capital and its services, visit www.oakworth.com.

Oakworth Capital Inc. continues to position itself as a leader in the financial services sector by focusing on strategic growth and client satisfaction—all while maintaining a firm footing in capital management and operational excellence.