Oakworth Capital Bank (OTCQX: OAKC) has earned BauerFinancial’s top rating based on Q2 2023 financial data. A 5-star rating by the independent bank rating firm indicates a classification of “superior,” determined by a formula that analyzes factors such as account profitability, historical trends, loan delinquencies, reserves, regulatory compliance and asset quality. For more than 30 years, BauerFinancial has applied the same strict criteria to all banks and credit unions to assign its ratings, and the information is free to the public on the company’s website, https://www.bauerfinancial.com/star-ratings/.
“We are thrilled to have received yet another 5-star rating from BauerFinancial. Oakworth is committed to running our institution in a safe and sound manner for our clients, shareholders and communities,” said Jenifer Kimbrough, Oakworth’s chief financial officer. “Our consistent recognition by BauerFinancial serves as independent confirmation that we are doing just that.”
Oakworth is one of the safest financial institutions in the country, with a well-capitalized balance sheet, pristine credit quality and a track record of profitability. The bank has been named the #1 “Best Bank to Work for” for the past five years in a row (2018-2022) by American Banker. Additionally, Oakworth has earned a Net Promoter Score (NPS) of 96 out of 100 (January 2022 to January 2023) and has a client retention rate higher than 95%. As of Dec. 31, 2022, Oakworth had $1.3 billion in total assets, $974 million in gross loans, $1.2 billion in deposits and $1.8 billion in wealth and trust assets under management.
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Oakworth Capital Inc. Reports 27% Increase in Core Diluted EPS
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