Oakworth Capital Inc. Reports 24% Increase in Diluted EPS

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Jan 29, 2026, 12:01 ET

BIRMINGHAM, Ala., Jan. 29, 2026 /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-year
Diluted earnings per share of $3.94: 24% higher than $3.19 in 2024
Pre-tax pre-provision income of $29.6 million: 25% higher than $23.7 million in 2024
Revenue of $82.7 million: 17% higher than $70.8 million in 2024
- 20% year-over-year growth in net interest income
- 13% year-over-year growth in trust and wealth fees
Non-interest expenses of $53.1 million: 13% higher year-over-year
ROAE 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 prior
Year-over-year loan growth of 12% on average basis and 10% on period end basis to $1.6 billion
Year-over-year deposit growth of 14% on average basis and 15% on period end basis to $1.8 billion
Tangible book value per share: $30.10

Safety and Soundness:

Credit quality metrics:
- $0.5 million non-performing loans
- $0 past due +90 loans
- $3.4 million ORE
- 1.2% allowance for credit losses as percentage of loans, net
Capital ratios
- Total risk-based capital: 11.9%
- CET1: 10.7%
- Tier 1 leverage: 9.3%

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 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					Change		Change
	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	12/31/2025 vs. 09/30/2025		12/31/2025 vs. 12/31/2024

Wealth assets (non-balance sheet)	$ 2,685	$ 2,566	$ 2,415	$ 2,285	$ 2,297	$ 119	5 %	$ 388	17 %

CONSOLIDATED CONDENSED STATEMENTS OF CONDITION *(Unaudited)*
(in thousands)	As of					Change		Change
	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	12/31/2025 vs. 09/30/2025		12/31/2025 vs. 12/31/2024
Assets
Cash and due from banks	$ 194,946	$ 153,084	$ 124,351	$ 100,968	$ 125,016	$ 41,862	27 %	$ 69,930	56 %
Federal funds sold	1,325	950	1,900	525	950	375	39 %	375	39 %
Securities available for sale	201,684	189,673	175,535	175,599	158,885	12,011	6 %	42,799	27 %
Loans, net of unearned income	1,604,023	1,533,734	1,496,222	1,492,413	1,455,238	70,289	5 %	148,785	10 %
Allowance for credit losses	(19,348)	(18,734)	(17,944)	(17,015)	(16,330)	(614)	3 %	(3,018)	18 %
Loans, net	1,584,675	1,515,000	1,478,278	1,475,398	1,438,908	69,675	5 %	145,767	10 %
Fixed assets	3,625	3,821	3,980	4,221	4,420	(196)	-5 %	(795)	-18 %
Interest receivable	7,246	6,845	6,611	6,909	6,678	401	6 %	568	9 %
Other assets	52,723	52,825	58,967	53,866	54,084	(102)	0 %	(1,361)	-3 %
Total assets	$ 2,046,224	$ 1,922,198	$ 1,849,622	$ 1,817,486	$ 1,788,941	$ 124,026	6 %	$ 257,283	14 %

Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Non-interest bearing deposits	$ 304,683	$ 300,340	$ 273,119	$ 270,536	$ 274,872	$ 4,343	1 %	$ 29,811	11 %
Interest-bearing deposits	1,526,302	1,397,942	1,299,175	1,356,172	1,321,864	128,360	9 %	204,438	15 %
Total deposits	1,830,985	1,698,282	1,572,294	1,626,708	1,596,736	132,703	8 %	234,249	15 %
Total Borrowings	38,831	58,809	118,786	38,763	39,296	(19,978)	-34 %	(465)	-1 %
Accrued interest payable	1,223	710	1,452	559	1,149	513	72 %	74	6 %
Other liabilities	26,521	20,657	21,333	20,382	26,964	5,864	28 %	(443)	-2 %
Total liabilities	1,897,560	1,778,458	1,713,865	1,686,412	1,664,145	119,102	7 %	233,415	14 %
Total stockholders' equity	148,664	143,740	135,757	131,074	124,796	4,924	3 %	23,868	19 %
Total liabilities and stockholders' equity	$ 2,046,224	$ 1,922,198	$ 1,849,622	$ 1,817,486	$ 1,788,941	$ 124,026	6 %	$ 257,283	14 %


OAKWORTH CAPITAL INC.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME *(Unaudited)*
(in thousands)	Quarter Ended					Change		Change
	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	4Q25 vs. 3Q25		4Q25 vs. 4Q24

Interest income:
Loans, including fees	$ 25,817	$ 26,194	$ 25,306	$ 24,803	$ 25,141	$ (377)	-1 %	$ 676	3 %
Securities available for sale	1,814	1,667	1,605	1,474	1,257	147	9 %	557	44 %
Short term investments	1,772	1,058	1,043	1,169	1,222	714	67 %	550	45 %
Total interest income	29,403	28,919	27,954	27,446	27,620	484	2 %	1,783	6 %
Interest expense:
Deposits	11,289	11,357	11,049	11,268	11,807	(68)	-1 %	(518)	-4 %
Borrowings	678	1,114	1,022	637	804	(436)	-39 %	(126)	-16 %
Total interest expense	11,967	12,471	12,071	11,905	12,611	(504)	-4 %	(644)	-5 %
Net interest income	17,436	16,448	15,883	15,541	15,009	988	6 %	2,427	16 %
Provision for credit losses	1,010	905	1,236	775	1,080	105	12 %	(70)	-6 %
Net interest income after provision	16,426	15,543	14,647	14,766	13,929	883	6 %	2,497	18 %
for loan losses
Non-interest income	4,647	4,392	4,131	4,245	4,108	255	6 %	539	13 %
Non-interest expense	14,634	13,223	12,964	12,325	12,721	1,411	11 %	1,913	15 %
Income before income taxes	6,439	6,712	5,814	6,686	5,316	(273)	-4 %	1,123	21 %
Provision for income taxes	1,145	1,653	1,434	1,655	1,236	(508)	-31 %	(91)	-7 %
Net Income	5,294	5,059	4,380	5,031	4,080	235	5 %	1,214	30 %
Earnings per share - basic	$ 1.05	$ 1.01	$ 0.88	$ 1.01	$ 0.82	$ 0.04	4 %	$ 0.23	28 %
Earnings per share - diluted	$ 1.04	$ 1.01	$ 0.88	$ 1.01	$ 0.82	$ 0.03	3 %	$ 0.22	27 %


OAKWORTH CAPITAL INC.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME *(Unaudited)*
(in thousands)	YTD Period Ended
	12/31/2025	12/31/2024	Change

Interest income:
Loans, including fees	$ 102,119	$ 96,124	$ 5,995	6 %
Securities available for sale	6,561	4,577	1,984	43 %
Short term investments	5,041	4,174	867	21 %
Total interest income	113,721	104,875	8,846	8 %
Interest expense:
Deposits	44,963	46,721	(1,758)	-4 %
Borrowings	3,451	3,648	(197)	-5 %
Total interest expense	48,414	50,369	(1,955)	-4 %
Net interest income	65,307	54,506	10,801	20 %
Provision for credit losses	3,926	2,922	1,004	34 %
Net interest income after provision	61,381	51,584	9,797	19 %
for loan losses
Non-interest income	17,415	16,320	1,095	7 %
Non-interest expense	53,145	47,176	5,969	13 %
Income before income taxes	25,651	20,728	4,923	24 %
Provision for income taxes	5,887	4,954	933	19 %
Net Income	19,764	15,774	3,990	25 %
Earnings per share - basic	$ 3.95	$ 3.19	$ 0.76	24 %
Earnings per share - diluted	$ 3.94	$ 3.19	$ 0.75	24 %