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Oakworth Capital - OAKC STOCK NEWS

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.

News

Oakworth Capital, Inc. Announces Stock Repurchase Program

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Oakworth Capital, Inc. (OAKC) announces a $5 million stock repurchase program approved by its Board of Directors, allowing the repurchase of outstanding shares over a two-year period through various means.
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Oakworth Capital Bank Names Three New Members to Middle Tennessee Market Board

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Oakworth Capital Bank (OAKC) welcomes Bill Clark, Dr. Lisa Piercey, and Maggie Spalding to its Middle Tennessee Market Board, showcasing a diverse group of successful leaders. The addition of these respected individuals reinforces Oakworth's commitment to community and leadership values.
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Oakworth Capital Bank Names Four New Members to Central Alabama Market Board

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Oakworth Capital Bank (OAKC) welcomes Charlie Baxley, Trey Heard, Curt Stokes, and Patrick Thompson to its Central Alabama Market Board. These leaders bring diverse industry backgrounds and exemplify Oakworth's core values. Bill Pitts, Oakworth's managing director, expresses excitement for their contributions.
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Oakworth Capital Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Oakworth Capital Inc. (OAKC) reported strong balance sheet growth in fiscal year 2023, with 30% average loan growth and 12% average deposit growth. Earnings were $4.7 million or $0.96 per share, diluted, impacted by $7.4 million of provisioning related to a single credit. The company's Chairman and CEO, Scott Reed, highlighted investments in growth and infrastructure, with plans to realize returns in 2024. Despite a significant credit loss, profitable growth continues according to plan. Wealth assets increased 12% year-over-year to $2.0 billion, and Tier 1 Capital was 9.7% at the end of 2023.
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Oakworth Capital Inc. Announces 9th Consecutive Annual Cash Dividend

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Oakworth Capital Inc. (OTCQX: OAKC) declares an annual dividend of $0.45 per common share, payable on Jan. 12, 2024, to shareholders of record as of Dec. 15, 2023.
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For 6th Consecutive Year, Oakworth Capital Bank Named #1 "Best Bank to Work For" in the U.S.

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Oakworth Capital Bank (OCB) has been named the #1 'Best Bank to Work For' in the United States by American Banker, with a 96% associate retention rate as of year-end 2022. The bank's emphasis on core values, collaborative environment, and client-centric focus contributed to this recognition.
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Oakworth Capital Inc. Reports 16% Increase in Year-to-Date Diluted EPS

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Oakworth Capital Inc. (OAKC) reported a 16% increase in diluted earnings per share and a 15% increase in earnings year-to-date September 30, 2023, compared to the same period in 2022. The company attributes this growth to a 9% increase in wealth assets, a 23% increase in loans, a 16% increase in deposits, and a 17 bps margin expansion year-over-year. Chairman and CEO Scott Reed emphasized the company's focus on balanced growth and exceptional client service in a challenging environment.
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Oakworth Capital Bank Opens Its Doors in The Central Carolinas

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Oakworth Capital Bank® opens new office in Charlotte to provide personalized financial services.
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Oakworth Capital Bank Announces New Members to its Inaugural Central Carolinas Market Board

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Oakworth Capital Bank introduces new members to its Central Carolinas board, including Blake Evans, Kimberly Mize, and Steve Smith. The bank aims to provide personalized services and a curated experience. The team-based culture and associate retention rate of 96% reflect Oakworth's commitment to its associates. The bank's new office is located in Charlotte.
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Oakworth Capital Bank Partners with Baker Hill to Optimize Commercial & Consumer Loan Growth

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Alabama-based Oakworth Capital Bank has chosen to implement Baker Hill NextGen® for commercial and private client lending. The unified solution will streamline loan origination and portfolio monitoring, enhancing the borrowing experience and increasing efficiencies for clients. Oakworth Capital Bank plans to integrate TruStage with Baker Hill NextGen® to automate loan document preparation and ensure compliance with regulations.
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Oakworth Capital

OTC:OAKC

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OAKC Stock Data

156.02M
4.06%
Banks - Regional
Financial Services
Link
United States
Birmingham