#United States #Birmingham #Oakworth Capital #Net Income #EPS Growth

Oakworth Capital Inc. Reports Strong Financial Growth

Oakworth Capital Inc. (OTCQX: OAKC), based in Birmingham, Alabama, has released its financial results for the year-to-date period ending September 30, 2026, showcasing remarkable growth across various metrics. The company recorded a 19% increase in net income, bringing the total to $17.2 million, up from $14.5 million the previous year.

In addition to the net income growth, Oakworth also reported a 13% surge in diluted earnings per share (EPS), reaching $3.27 compared to $2.90 the prior year. This reflects a robust performance and indicates the company's successful strategies in capitalizing on market conditions and managing its resources efficiently.

Efficiency and Asset Growth

A key highlight of Oakworth's third-quarter performance is its impressive efficiency ratio of 57%, paired with a notable return on assets (ROA) of 1.2%. These figures underscore the company's operational effectiveness and ability to generate profits from its asset base. Furthermore, Oakworth has demonstrated considerable growth in its wealth management segment, reporting a 17% increase in wealth assets year-over-year to $3 billion.

Loan and deposit growth remain strong, with loans rising 16% compared to the same period in 2025. Additionally, deposits surged by 17%, showcasing an influx of client capital and trust in the bank's offerings. Notably, there was a remarkable 13% linked quarter deposit growth, indicating a solid upward trend.

Comments from Leadership

CEO Scott Reed commented on the performance, expressing satisfaction with the company's balanced and profitable growth during the third quarter. He attributed this success to the support from shareholders, evident in the completion of a $15.4 million common equity capital raise during this period. This strategic move not only bolsters Oakworth's capital position but also sets the stage for future growth initiatives.

Key Financial Metrics

In addition to the net income and EPS growth, several other financial metrics highlight Oakworth's performance:

• - Pre-tax pre-provision income: Increased by 28% to $28.3 million from $22.1 million in the same period a year ago.
• - Revenue: Climbed 17% to $70.7 million compared to $60.6 million year-to-date 2025.
• - Non-interest expenses: Up 10% year-over-year, reflecting continued investment in operational capabilities.
• - Return on Average Equity (ROAE): Recorded at 14.4%.
• - Return on Average Assets (ROAA): Registered at 1.1%.

Continued Commitment to Quality

Amid its growth, Oakworth remains vigilant over credit quality metrics. The company reported $9.7 million in non-performing loans, alongside a non-performing assets (NPA) ratio of 0.73%. This cautious approach emphasizes the bank’s commitment to maintaining a healthy balance sheet while pursuing growth opportunities.

Looking Forward

As Oakworth Capital continues its upward trajectory, the focus for the coming quarters will likely remain on leveraging its strong capital position and robust asset management strategies. With the financial foundation solidified through recent equity raises and continuous operational improvements, Oakworth is well-positioned for sustained success in the competitive banking landscape.

Overall, the impressive financial results from Oakworth Capital Inc. not only reflect the company’s operational competence and strategic foresight but also indicate a promising horizon for future growth and investor value.