Oakworth Capital Bank (OTCQX: OAKC) has earned BauerFinancial’s top rating based on Q4 2022 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/.
“BauerFinancial’s 5-star rating is a universally recognized, independent affirmation of Oakworth’s prioritization of safety and financial soundness, ultimately benefitting our clients, shareholders and communities,” stated Jenifer Kimbrough, Oakworth’s chief financial officer.
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.
Read More About Our Safety & Soundness:
Oakworth Capital Inc. Reports 45% Increase in Core Diluted EPS in 2022
4th Quarter Shareholder Update
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