Oakworth Capital Reports 19% Net Income Growth
News related to:Oakworth Capital Inc · 2 min read
BIRMINGHAM, Ala., Oct. 22, 2026 /CourierPR/ -- Oakworth Capital Inc. (OTCQX: OAKC) reported a 19% increase in net income and a 13% rise in diluted earnings per share for the year-to-date period ending September 30, 2026, compared to the same period in 2025. The company highlighted that the growth was driven by the realization of returns on past investments, as evidenced by a 57% third-quarter efficiency ratio and a 1.2% third-quarter return on assets.
Wealth assets at Oakworth grew by 17% year-over-year to $3.00 billion, while loans increased by 16% to $1.8 billion. Deposits also saw a 17% year-over-year growth to $2.0 billion, with linked quarter deposit growth particularly strong at 13% (52% annualized).
The company's financial performance was reflected in a number of key metrics. Net income stood at $17.2 million, up from $14.5 million year-to-date in 2025. Diluted earnings per share reached $3.27, compared to $2.90 year-to-date in 2025. Pre-tax pre-provision income increased by 28% to $28.3 million, while revenue rose 17% to $70.7 million, with net interest income growing 16% and trust and wealth fees increasing by 22%.
Non-interest expenses rose 10% year-over-year to $42.5 million. Oakworth's return on assets (ROAE) was 14.4%, and return on average assets (ROAA) was 1.1%. The company's strong balance sheet was further evidenced by a 17% year-over-year growth in wealth assets, with loans and deposits also increasing by 16% and 17%, respectively.
Oakworth's Chairman and CEO, Scott Reed, also noted the completion of a $15.4 million common equity capital raise in the quarter, which he attributed to the company's support.
Oakworth Capital Inc. operates as the bank holding company for Oakworth Capital Bank, with operations in the Southeast, including its headquarters in Birmingham, Alabama. The company provides commercial and private banking, wealth management, and advisory services to clients across the United States. As of September 30, 2026, Oakworth had $2.2 billion in total assets, $1.8 billion in gross loans, $2.0 billion in deposits, and $3.0 billion in wealth and trust assets under management.