Oakworth Capital Inc. Achieves Impressive Revenue Growth in Q1 2026
Oakworth Capital Inc. Reports Balanced Top Line Growth
Oakworth Capital Inc. (OTCQX: OAKC), based in Birmingham, Alabama, has recently reported a notable progress in its first-quarter financials for 2026. The company observed a 13% year-over-year increase in revenue, amounting to $22.3 million, compared to $19.8 million in the same period of the previous year.
Key Highlights of Q1 2026:
Oakworth's growth was bolstered by a 12% uptick in loans and a 10% rise in deposits, alongside an impressive 18% increase in wealth assets, which reached a total of $2.7 billion. Yet, the report also highlights a strategic loss-earnback trade and real estate write-downs that impacted comparable earnings. Scott Reed, Chairman and CEO, stated, *“While the loss-earnback and write-down transactions muted net income growth, these actions are consistent with our conservative leadership at Oakworth. We continue to be pleased with the underlying performance of the Company.
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