Shareholder Relations
Company Overview
Headquartered in Birmingham, Alabama, Oakworth Capital Inc., via its wholly-owned subsidiary Oakworth Capital Bank (“Oakworth”), provides commercial and private banking, wealth management and advisory services to clients across the United States. Oakworth was named the #1 “Best Bank to Work For” in 2018, 2019, 2020, 2021, 2022 and 2023 by American Banker.
Earnings Report Q1 2024:
Oakworth Capital Inc. (Oakworth) (OTCQX: OAKC) reported solid growth in its core business in the first quarter of 2024. Earnings increased 30%, driven by double-digit percentage growth in both banking and wealth revenue streams, accompanied by controlled expense growth.
Oakworth’s Chairman and CEO Scott Reed stated, “We look forward to realizing a return on the strategic investments we made in 2023 to support future growth and service offerings, including our Central Carolinas office. We are off to a positive start in the first quarter and expect to improve on that goal as the year progresses. Our core businesses performed nicely in the quarter with loan growth being strong. We are very pleased with deposit growth and wealth’s rebound from a challenging 2023.”
Read the full earnings release and view financial statements here.