Oakworth Capital Inc. Reports 24% Increase in Diluted EPS

Core Insights - Oakworth Capital Inc. reported a 24% increase in diluted earnings per share for the first half of 2025 compared to the same period in 2024, with net income reaching $9.4 million, a 25% year-over-year increase [1][7][9] Income/Profitability - Revenue for the first half of 2025 was $39.8 million, an 18% increase from $33.9 million in the same period of 2024 [7] - Pre-tax pre-provision income was $14.5 million, up 31% from $11.1 million year-over-year [7] - Non-interest expenses increased by 11% year-over-year to $25.3 million [7] - Return on average equity (ROAE) was 14.5% and return on average assets (ROAA) was 1.0% [7] Wealth Assets/Balance Sheet - As of June 30, 2025, total assets were $1.8 billion, a 2% increase from $1.7 billion a year prior [5][9] - Wealth assets under management reached $2.4 billion, a 10% increase from $2.2 billion year-over-year [7][9] - Total loans amounted to $1.5 billion, reflecting a 15% year-over-year growth on an average basis [7][9] - Total deposits were $1.6 billion, a 16% increase on an average basis year-over-year [7][9] Safety and Soundness - Credit quality metrics showed $0.5 million in non-performing loans and no loans past due by 90 days or more [7] - The allowance for credit losses was 1.2% of net loans [7] - Capital ratios included total risk-based capital at 12.1%, Common Equity Tier 1 (CET1) at 10.9%, and Tier 1 leverage at 9.7% [7]