Welcome to our dedicated page for Oakworth Capital news (Ticker: OAKC), a resource for investors and traders seeking the latest updates and insights on Oakworth Capital stock.
Oakworth Capital Inc. (OAKC), the Southeastern bank holding company behind Oakworth Capital Bank, maintains this dedicated news hub for investors and financial professionals. Access verified press releases and strategic updates from a regional leader in commercial banking, wealth management, and client-focused financial solutions.
This resource centralizes essential OAKC developments including quarterly earnings reports, regulatory filings, leadership announcements, and community initiatives. Stay informed about loan portfolio expansions, deposit growth trends, and recognition of operational excellence within the competitive banking sector.
All content undergoes strict verification to ensure accuracy and relevance for investment research. Bookmark this page for streamlined tracking of OAKC's financial performance, risk management strategies, and expansion in key Southeastern markets.
Oakworth Capital (OTCQX: OAKC) has reported substantial growth in Q1 2025, with notable increases in both quarterly and annual profitability. The company achieved net income of $5.0 million, marking a 23% increase from the previous quarter and 28% year-over-year growth.
Key financial highlights include:
- Diluted EPS reached $1.01, up 27% from Q1 2024
- Revenue grew to $19.8 million, an 18% increase year-over-year
- Trust and wealth fees showed 6% quarterly and 12% annual growth
- Wealth assets rose 6% year-over-year to $2.3 billion
- Loans increased 17% year-over-year to $1.5 billion
- Deposits grew 14% year-over-year to $1.6 billion
The company maintained strong capital positions with a Tier 1 Capital ratio of 10.6%, Total Capital Ratio of 11.7%, and Leverage Ratio of 9.5% as of March 31, 2025.
Oakworth Capital Inc. (OAKC) reported significant financial growth in 2024, with net income reaching $15.8 million, up 38.5% from 2023's core net income of $11.4 million. The company achieved diluted earnings per share of $3.19, compared to $0.96 in 2023. Revenue increased 18% year-over-year to $71 million, while expense growth was contained at 14%.
The company demonstrated strong growth across key metrics: wealth assets increased 14% to $2.3 billion, total bank assets rose 12% to $1.8 billion, period-end loans grew 17% to $1.5 billion, and period-end deposits increased 12% to $1.6 billion. Credit quality remained robust with minimal net charge-offs of 0.03% and non-performing loans of just $325K.
The company maintained healthy capital ratios with Tier 1 Capital at 10.5%, Total Capital Ratio at 11.6%, and Leverage Ratio at 9.5%.
Oakworth Capital Bank (OTCQX: OAKC) has been ranked #7 on Financial Planning's 2024 'Best Workplaces in Money Management' list, following its #2 ranking in American Banker's 'Best Bank to Work For' survey. The recognition is based on anonymous employee feedback and evaluation of workplace policies, benefits, and practices.
The bank, founded in 2008, operates four offices in the Southeast with headquarters in Birmingham, Alabama. As of September 30, 2024, Oakworth reported $1.7 billion in total assets, $1.4 billion in gross loans, $1.5 billion in deposits, and $2.3 billion in wealth and trust assets under management. The bank maintains a strong track record with a 96 Net Promoter Score and 97% client retention rate in 2023.
Oakworth Capital (OTCQX: OAKC) has announced its 10th consecutive annual cash dividend. The company's Board of Directors declared a dividend of $0.45 per common share, which will be paid on January 15, 2025, to shareholders of record as of December 13, 2024. This announcement was made following the board meeting held on November 20, 2024.
Oakworth Capital Bank (OTCQX: OAKC) has been recognized among the nation's 'Best Banks to Work For' by American Banker, ranking #2 this year. The bank has maintained this prestigious recognition for eight years, holding the top spot for six of those years. 89% of Oakworth associates participated in the survey, highlighting the bank's strong workplace culture, leadership support, and growth opportunities.
Associates praised the bank for its inclusive environment, commitment to core values, and investment in personal and professional development. As of September 30, 2024, Oakworth reported $1.7 billion in total assets, $1.4 billion in gross loans, $1.5 billion in deposits, and $2.3 billion in wealth and trust assets under management.
Oakworth Capital Inc. (OTCQX: OAKC) reported strong financial results for Q3 2024 and year-to-date 2024. Net income reached $4.1 million in Q3 and $11.7 million year-to-date, a 24% increase from the same period in 2023. Diluted earnings per share rose to $2.37 in the first three quarters of 2024, up from $1.93 in 2023.
The company experienced significant growth across key metrics: 23% increase in total loans, 19% increase in core deposits, 22% growth in wealth assets, and 20% increase in total assets year-over-year. Revenue growth (16%) outpaced expense growth (14%), resulting in a 21% increase in pre-tax, pre-provision income. The Central Carolinas office achieved profitability within 11 months of opening.
As of September 30, 2024, Oakworth's Tier 1 Capital was 9.7%, Total Capital Ratio was 10.7%, and Leverage Ratio was 9.3%. The company's CEO, Scott Reed, expressed satisfaction with the performance and anticipates a strong finish to 2024 and continued growth opportunities in 2025.
Oakworth Capital Bank (OTCQX: OAKC) has appointed six new members to its Central Carolinas Market Board. The new additions include Brent Beason (B&W Fiberglass Inc.), Tommy Hunter (Anderson LeNeave & Co.), Patricia Propst (Wray Ward), Hugh Shannon (retired from Bank of America), David B. Tucker (C.M. Tucker Lumber Companies), and Holly Welch Stubbing (National Philanthropic Trust).
These leaders join existing board members in guiding Oakworth's expansion in the Central Carolinas market. The board members praised Oakworth's personalized approach, innovative mission, and focus on client needs. This strategic move aims to strengthen Oakworth's presence and client relationships in the region.
Oakworth Capital Inc. (OTCQX: OAKC) reported strong financial results for Q2 2024 and the first half of the year. Net income reached $3.6 million in Q2 and $7.5 million year-to-date, marking a 20% increase from the same period in 2023. Diluted earnings per share rose to $1.53 in H1 2024, up from $1.28 in H1 2023. The company experienced significant growth across key metrics:
- Total loans: up 23%
- Total deposits: up 14%
- Wealth assets: up 11%
- Revenue: up 16% to $33.9 million
- Pre-tax, pre-provision income: up 14%
Oakworth's return on average equity stood at 13.3%, while return on average assets was 1.0% for H1 2024. The company's capital ratios remained strong, with Tier 1 Capital at 9.7%, Total Capital Ratio at 10.7%, and Leverage Ratio at 9.4% as of June 30, 2024.
Oakworth Capital Bank (OTCQX: OAKC) has appointed Dave Driscoll as Chief Information Security Officer (CISO) and T.J. Rock as Chief Information Officer (CIO). Driscoll, a founding member with over 30 years in technology, will oversee information, cyber, and tech security. Rock, with extensive experience in the tech sector, will advance Oakworth's technology platforms. These appointments aim to enhance risk management and tech adoption. CEO Scott Reed emphasized the alignment of tech resources with business goals. COO Sam Scalici highlighted Rock's broad experience, positioning Oakworth to establish a significant presence in the financial services sector.
