Oakworth Capital Q3 net income rises on loan and wealth-management growth
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 |
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(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.)