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 of Oakworth 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. 09/30/2024
Wealth 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. 09/30/2024
Assets
Cash 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
