Oakworth Capital Q3 net income rises on loan and wealth-management growth

By Reuters News


Overview

  • U.S. bank holding company's Q3 net income grew 19% yr/yr, diluted EPS up 13% yr/yr

  • Company revenue rose 17% yr/yr in year-to-date period ended September 30, 2026

  • Company completed $15.4 mln common equity capital raise in Q3


Outlook

  • Company did not provide specific financial guidance for the current or future periods in the press release


Result Drivers

  • FEE AND INTEREST INCOME - Co cited 16% yr/yr growth in net interest income and 22% yr/yr growth in trust and wealth fees

  • BALANCE SHEET GROWTH - Co reported 17% yr/yr increase in wealth assets, 16% rise in loans and 17% gain in deposits

  • EFFICIENCY IMPROVEMENTS - Co highlighted focus on realizing returns from past investments, reflected in 57% Q3 efficiency ratio


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.19

Q3 Net Income

$6.48 mln

Q3 Net Interest Income

$19.62 mln

Q3 Basic EPS

$1.23

Q3 Pretax Profit

$8.57 mln

Q3 Provision for Loan Losses

$2.16 mln


Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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