Oakworth Capital, Inc. · OTC:OAKC
Oakworth Capital — Q1 2020 Earnings Presentation
11 slides from Oakworth Capital's earnings presentation, May 2020
Slide 1: 1st Quarter 2020 Shareholder Update
1ST QUARTER 2020 S H A R E H O L D E R U P D AT E .
Slide 2: 1st Quarter 2020 Financial Highlights
1st Quarter 2020 FINANCIAL HIGHLIGHTS • Strong underlying growth in core business coupled with market revenue pressures, including COVID-19, produce mixed results • Loans increased 15% to $558 million compared to $487 million one year ago • Deposits increased 22% to $655 million from $538 million on
Slide 3: A Letter To Our Shareholders
A Letter To Our SHAREHOLDERS Dear Shareholder, This year has begun in an unprecedented way. It’s difficult to review the first quarter of 2020 without focusing on the introduction of COVID-19 into our vocabularies and lives. In mid-January, our Board of Directors approved the final budget. At that t
Slide 4: Letter: positioned to weather COVID-19
The economic uncertainty brought on by the COVID-19 pandemic has challenged our industry. Let me assure you that Oakworth is positioned very well to weather this storm. Our regulatory capital levels are well in excess of “well-capitalized” standards, our loan loss reserve is strong at 1.3% of loans
Slide 5: Balance Sheet Growth
BALANCE SHEET GROWTH As optimistic as we are, we are not naïve. Our net interest margin (and, therefore, net interest income) has been negatively impacted by the flat yield curve that we are currently experiencing. The net interest margin has contracted by approximately 40 basis points year-over-yea
Slide 6: Wealth Management & Trust
W E A LT H M A NAG E M E N T & TRUST The second largest part of our revenue stream is wealth fees which are directly related to the value of the underlying assets. That value contracted 9% in the past year even though we have had strong growth in underlying wealth assets (i.e., acquisition of new cl
Slide 7: Focus on underlying growth strategy
In spite of the overlay of COVID-19, we remain focused on our underlying growth strategy and are moving forward appropriately. In fact, we believe Oakworth will ultimately have strategic opportunities because of our very strong financial position. We have initiatives focused on our digital presence,
Slide 8: Closing thanks and annual meeting notice
In closing, we’d like to offer our thanks to our associates who have worked tirelessly to serve and communicate with our clients over the past month. We have received volumes of client feedback reinforcing that our associates truly are the best in the business. We’d also like to remind you that our
Slide 9: Financial Highlights: Statements of Condition
FI NANCIAL H IGH LIGH TS (Unaudited) W E A LT H & T RU S T . (in millions) March 31, 2020 2019 Change Wealth assets (non-balance sheet) $ 1,173 $ 1,288 (9%) CONSOLIDAT ED CONDENSED STATEMENTS OF CONDI T ION (in thousands) March 31, 2020 2019 Change A ssets Cash and due from banks $ 7,396 $ 14,718 (5
Slide 10: Financial Highlights: Statements of Income
FI NANCIAL H IGH LIGH TS (Unaudited) . CONSOLIDAT ED CONDENSED STAT EMENTS OF I N CO M E (in thousands) Quarter - to - Date March 31, 2020 2019 Change Interest income: Loans, including fees $ 6,359 $ 6,310 1% Securities available for sale 445 390 14% Short term investments 174 390 (55%) Total intere
Slide 11: Oakworth Capital contact
COMMERCIAL BANKING WEALTH MANAGEMENT PRIVATE BANKING OAKWORTHCAPITAL.COM