BIRMINGHAM, Ala., July 16, 2026 /PRNewswire/ -- Oakworth Capital Inc. (OTCQX: OAKC) reported 14% net income growth and 10% diluted EPS growth in the year-to-date period ended June 30, 2026 compared to the same period in 2025. Growth in profitability is attributable to top line revenue growth in the banking and wealth management space paired with expense control. Year-over-year loan growth of 15%, deposit growth of 12% and wealth asset growth of 22% demonstrated strength in the core business. Oakworth's Chairman and CEO Scott Reed stated, "We are focused on profitable execution across all four of our markets. Second quarter performance indicates our team's ability to deliver results. I look forward to continuing to improve upon our goals of balanced growth and improving profitability."
As of and year-to-date June 30, 2026 highlights include:
Income/Profitability:
- Net income of $10.7 million compared to $9.4 million in first half 2025
- Diluted earnings per share of $2.07 compared to $1.89 in first half 2025
- Pre-tax pre-provision income of $17.5 million compared to $14.5 million in first half 2025 (+21%)
- Revenue of $45.7 million: 15% higher than $39.8 million in first half 2025
- 14% year-over-year growth in net interest income
- 22% year-over-year growth in trust and wealth fees
- Non-interest expenses of $28.2 million compared to $25.3 million in first half 2025
- 12% higher year-over-year
- Includes $872 thousand ($660 thousand, net of tax) strategic write-down of other real estate in 1Q26
- ROAE of 14.0%
- ROAA of 1.1%
Wealth Assets/Balance Sheet:
- Wealth assets of $2.96 billion, 22% higher than $2.42 billion one year prior
- Year-over-year loan growth of 12% on average basis and 15% on period end basis to $1.7 billion
- Year-over-year deposit growth of 11% on average basis and 12% on period end basis to $1.8 billion
- Tangible book value per share: $32.35
Safety and Soundness:
- Credit quality metrics:
- $11.6 million non-performing loans
- Includes C&I credit moved to non-accrual in 1Q26
- $1.25 million impairment recognized in second quarter
- $829 thousand past due +90 loans
- $2.5 million ORE
- 1.2% allowance for credit losses as percentage of loans, net
- Capital ratios
- Total risk-based capital: 11.9%
- CET1: 10.7%
- Tier 1 leverage: 9.6%
About Oakworth Capital Inc. and Oakworth Capital Bank
Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (OTCQX: OAKC). Oakworth was founded in 2008 and operates four offices in the Southeast, including its headquarters in Birmingham, Alabama. Oakworth provides commercial and private banking, wealth management, and advisory services to clients across the United States.
Oakworth has been ranked among American Banker's "Best Banks to Work For in the U.S." for the past nine years, holding the top spot for six of those years and ranking No. 2 most recently. Additionally, Oakworth's 2025 average Net Promoter Score (NPS) was 95 with a commensurate client retention rate of 95%. As of June 30, 2026, Oakworth had $2.1 billion in total assets, $1.7 billion in gross loans, $1.8 billion in deposits and $3.0 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.
Advisory services, including investment management and financial planning, are offered through Oakworth Asset Management LLC, a registered investment advisor that is owned by Oakworth Capital Bank, Member FDIC, Equal Housing Lender. Investment products and services offered via Oakworth Asset Management LLC are independent of the products and services offered by Oakworth Capital Bank, and are not FDIC insured, may lose value, have no bank guarantee, and are not insured by any federal or state government agency. Because Oakworth Asset Management LLC is owned by Oakworth Capital Bank and because associates of either entity may provide financial advice to our clients, there exists a conflict of interest to the extent that either party recommends the services of the other. Oakworth Asset Management LLC does not provide tax or legal advice. You should consult your tax advisor, accountant, and/or attorney before making any decisions with tax or legal implications. Additional information about Oakworth Asset Management LLC, including its services and fees, may be obtained from adviserinfo.sec.gov or by contacting Oakworth Asset Management directly.
OAKWORTH CAPITAL INC.
WEALTH AND TRUST
(Unaudited)
(In millions)
As of Change Change
6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 vs. 6/30/2026 vs.
3/31/2026 6/30/2025
Wealth assets (non-balance sheet) $2,957 $2,705 $2,685 $2,566 $2,415 $252 9 % $542 22 %
CONSOLIDATED CONDENSED STATEMENTS OF CONDITION
(Unaudited)
(in thousands)
As of Change Change
6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 6/30/2026 vs. 6/30/2026 vs.
3/31/2026 6/30/2025
Assets
Cash and due from banks $128,029 $113,891 $194,946 $153,084 $124,351 $14,138 12 % $3,678 3 %
Federal funds sold 1,050 1,951 1,325 950 1,900 (901) -46 % (850) -45 %
Securities available for sale 226,098 213,286 201,684 189,673 175,535 12,812 6 % 50,563 29 %
Loans, net of unearned income 1,725,998 1,665,422 1,604,023 1,533,734 1,496,222 60,576 4 % 229,776 15 %
Allowance for credit losses (20,754) (19,871) (19,348) (18,734) (17,944) (883) 4 % (2,810) 16 %
Loans, net 1,705,244 1,645,551 1,584,675 1,515,000 1,478,278 59,693 4 % 226,966 15 %
Fixed assets 3,326 3,447 3,625 3,821 3,980 (121) -4 % (654) -16 %
Interest receivable 7,516 7,560 7,246 6,845 6,611 (44) -1 % 905 14 %
Other assets 59,859 54,169 52,723 52,825 58,967 5,690 11 % 892 2 %
Total assets $2,131,122 $2,039,855 $2,046,224 $1,922,198 $1,849,622 $91,267 4 % $281,500 15 %
Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Non-interest bearing deposits $319,544 $320,493 $304,683 $300,340 $273,119 $(949) 0 % $46,425 17 %
Interest-bearing deposits 1,438,204 1,467,134 1,526,302 1,397,942 1,299,175 (28,930) -2 % 139,029 11 %
Total deposits 1,757,748 1,787,627 1,830,985 1,698,282 1,572,294 (29,879) -2 % 185,454 12 %
Total Borrowings 188,322 78,299 38,831 58,809 118,786 110,023 141 % 69,536 59 %
Accrued interest payable 1,299 598 1,223 710 1,452 701 117 % (153) -11 %
Other liabilities 20,464 20,950 26,521 20,657 21,333 (486) -2 % (869) -4 %
Total liabilities 1,967,833 1,887,474 1,897,560 1,778,458 1,713,865 80,359 4 % 253,968 15 %
Total stockholders' equity 163,289 152,381 148,664 143,740 135,757 10,908 7 % 27,532 20 %
Total liabilities and stockholders' equity $2,131,122 $2,039,855 $2,046,224 $1,922,198 $1,849,622 $91,267 4 % $281,500 15 %
OAKWORTH CAPITAL INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(Unaudited)
(in thousands)
Quarter Ended Change Change
6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 2Q26 vs. 1Q26 2Q26 vs. 2Q25
Interest income:
Loans, including fees $26,711 $25,373 $25,817 $26,194 $25,306 $1,338 5 % $1,405 6 %
Securities available for sale 2,219 2,015 1,814 1,667 1,605 204 10 % 614 38 %
Short term investments 1,049 1,201 1,772 1,058 1,043 (152) -13 % 6 1 %
Total interest income 29,979 28,589 29,403 28,919 27,954 1,390 5 % 2,025 7 %
Interest expense:
Deposits 9,931 10,375 11,289 11,357 11,049 (444) -4 % (1,118) -10 %
Borrowings 1,605 763 678 1,114 1,022 842 110 % 583 57 %
Total interest expense 11,536 11,138 11,967 12,471 12,071 398 4 % (535) -4 %
Net interest income 18,443 17,451 17,436 16,448 15,883 992 6 % 2,560 16 %
Provision for credit losses 2,007 1,315 1,010 905 1,236 692 53 % 771 62 %
Net interest income after provision 16,436 16,136 16,426 15,543 14,647 300 2 % 1,789 12 %
for loan losses
Non-interest income 4,994 4,837 4,647 4,392 4,131 157 3 % 863 21 %
Non-interest expense 13,664 14,538 14,634 13,223 12,964 (874) -6 % 700 5 %
Income before income taxes 7,766 6,435 6,439 6,712 5,814 1,331 21 % 1,952 34 %
Provision for income taxes 1,901 1,565 1,145 1,653 1,434 336 21 % 467 33 %
Net Income 5,865 4,870 5,294 5,059 4,380 995 20 % 1,485 34 %
Earnings per share - basic $1.15 $0.96 $1.05 $1.01 $0.88 $0.19 20 % $0.27 31 %
Earnings per share - diluted $1.13 $0.94 $1.04 $1.01 $0.88 $0.19 20 % $0.25 28 %
OAKWORTH CAPITAL INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(Unaudited)
(in thousands) YTD Period Ended
6/30/2026 6/30/2025 Change
Interest income:
Loans, including fees $52,083 $50,108 $1,975 4 %
Securities available for sale 4,234 3,080 1,154 37 %
Short term investments 2,251 2,212 39 2 %
Total interest income 58,568 55,400 3,168 6 %
Interest expense:
Deposits 20,306 22,317 (2,011) -9 %
Borrowings 2,369 1,659 710 43 %
Total interest expense 22,675 23,976 (1,301) -5 %
Net interest income 35,893 31,424 4,469 14 %
Provision for credit losses 3,321 2,011 1,310 65 %
Net interest income after provision 32,572 29,413 3,159 11 %
for loan losses
Non-interest income 9,831 8,376 1,455 17 %
Non-interest expense 28,202 25,289 2,913 12 %
Income before income taxes 14,201 12,500 1,701 14 %
Provision for income taxes 3,466 3,089 377 12 %
Net Income 10,735 9,411 1,324 14 %
Earnings per share - basic $2.11 $1.89 $0.22 12 %
Earnings per share - diluted $2.07 $1.89 $0.18 10 %
For more information contact:
Jenifer Kimbrough
Phone: 205-263-4704
Email: jenifer.kimbrough@oakworth.com
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SOURCE Oakworth Capital Inc.
