- Oakworth Capital Inc. (OTCQX: OAKC) reports a 27% increase in Diluted EPS in Q1 2025.
- The company achieves a net income of $5.0 million, marking a 23% increase from the previous quarter.
- Strong capital positions with Tier 1 Capital at 10.6% as of March 2025.
Oakworth Capital Inc. (OTCQX: OAKC) has demonstrated substantial growth in the first quarter of 2025, with significant increases in both quarterly and annual profitability. The net income reached $5.0 million, which is a 23% increase from the previous quarter and a 28% rise year-over-year.
Key financial highlights for Q1 2025 include a diluted earnings per share (EPS) of $1.01, reflecting a 27% increase from Q1 2024. The company's revenue grew to $19.8 million, an 18% increase compared to the same period last year. Trust and wealth fees exhibited 6% quarterly and 12% annual growth, contributing to the overall positive performance.
Oakworth Capital also reported a 6% year-over-year increase in wealth assets, reaching $2.3 billion. Their loan portfolio grew 17% year-over-year to $1.5 billion, while deposits saw a 14% year-over-year increase, totaling $1.6 billion.
The company maintained robust capital positions with a Tier 1 Capital ratio of 10.6%, a Total Capital Ratio of 11.7%, and a Leverage Ratio of 9.5%, underscoring their financial stability and commitment to prudent business practices.
