Annual Shareholder Update – 2025

Letter to Shareholders

Dear Oakworth Shareholders,

Our performance in 2025 continues to reveal the increasing value of what our associates have built at Oakworth. In the past five years, we have expanded to Nashville, TN (Middle Tennessee) and Charlotte, NC (Central Carolinas). The successful launch and growth in both markets are significant because it illustrates that our approach travels outside of our home state of Alabama. Each successive market has gained traction faster than the previous one. That is a testament to our team taking notes regarding what works and does not work. The team continues to apply lessons learned resulting in better financial performance.

We share our most recent financial results in more detail in our earnings release. You will see double-digit growth in wealth assets, loans and deposits, improving profitability and a book value per share of $30.10. As strategic investments began to yield results, multiple performance metrics showed improvement. Return on average equity, return on average assets, efficiency ratio and basic earnings per share all improved significantly.

Since our inception, Oakworth has consistently compounded revenue and earnings growth. Recently, revenue and profit have accelerated because of the strategic investments referenced above. The financial services industry is in a consolidation period, and we intend to take advantage of both client and talent disruption. We have added talent in all four of our markets who will serve our clients and bring innovative and creative solutions that make their financial lives easier.

Importantly, as we have continued to scale the business, our associates and clients continue to experience the very same distinctive experience. Our associates were happy and engaged, placing us near the top of American Banker’s Best Banks to Work List (#2 in the nation), and our clients rated us an amazing 95 on Net Promoter Score (NPS^©). This NPS^© score exceeds most iconic brands…across ANY industry. Our shareholders enjoyed a 22% increase in share price and their 11^th consecutive dividend, and our communities were the beneficiaries of over 1% of our net income. We are especially proud that our Central Carolinas office was recently named one of the Best Banks in Charlotte for 2025. That sort of recognition after two short years is remarkable!

Every passing year makes me prouder of what we have created together and more excited about where we are going. We have spent considerable time in each of our markets and with the institutional investor community telling our story. It is clear we are building something unique and of great value and that could only be possible with your support.

Sincerely,

Scott Reed

Chairman and CEO

Forward-Looking Statements

Some of the statements contained in this Shareholder’s Letter are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding financial condition, results of operations, business plans and the future performance of Oakworth Capital, Inc. (the “Company”). Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “goal,” “would,” “expect,” “plan,” “intend,” ”anticipate,” “believe,” “estimate,” “project,” “predict,” “potential,” “continue” and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, actual results could differ materially from those anticipated by the forward-looking statements or historical results. Accordingly, you should not place undue reliance on any such forward-looking statements. Risks and uncertainties that could cause our financial performance to differ materially from our goals, plans and expectations include, among others, the following possibilities: (1) geopolitical and domestic political developments that can increase levels of political and economic unpredictability and increase the volatility of financial markets; (2) current and future economic and market conditions in the United States generally or in the communities we serve, including the effects of declines in property values and overall slowdowns in economic growth should these events occur; (3) effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board; (4) inflation and changes in the interest rate environment that reduce our margin and yields, the fair value of financial instruments or our level of loan originations, or increase in the level of defaults, losses and prepayments on loans we have made and make; (5) changes in the level of nonperforming assets and charge-offs and other credit quality measures, and their impact on the adequacy of our allowance for credit losses and our provision for credit losses; (6) volatility in credit and equity markets and its effect on the global economy; (7) our ability to effectively compete with other banks and financial services companies and the effects of competition in the financial services industry on our business; (8) our ability to achieve loan growth and attract deposits in our market area; (9) credit related impairment charges to our securities portfolio; (10) increased capital requirements for our continual growth or as imposed by banking regulators, which may require us to raise capital at a time when capital is not available on favorable terms or at all; (11) regulatory limits on Oakworth Capital Bank’s ability to pay dividends to the Company; (12) changes in our capital management policies, including those regarding potential business combinations, dividends, and share repurchases; (13) operational issues stemming from, and/or capital spending necessitated by, the potential need to adapt to industry changes in information technology systems, on which we are highly dependent; (14) our inability to attract, recruit, and retain qualified officers and other personnel could harm our ability to implement our strategic plan, impair our relationships with clients and adversely affect our business, results of operations and growth prospects; (15) possible adjustment of the valuation of our deferred tax assets; (16) our ability to keep pace with technological changes, including our ability to identify and address cyber-security risks such as data security breaches, “denial of service” attacks, “hacking” and identity theft; (17) inability of our framework to manage risks associated with our business, including operational risk and credit risk; (18) compliance with applicable laws and governmental and regulatory requirements, including the Dodd-Frank Act and others relating to banking, consumer protection, securities, accounting and tax matters; (19) effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters; (20) the expense and uncertain resolution of litigation matters whether occurring in the ordinary course of business or otherwise; (21) availability of and competition for acquisition opportunities; (22) risks resulting from domestic terrorism; (23) risks of natural disasters (including earthquakes and flooding) and other events beyond our control; and (24) our success in managing the risks involved in the foregoing factors.

Except to the extent required by applicable law or regulation, the Company disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

No Offer or Solicitation

This Shareholder’s Letter is not an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Neither the SEC nor any other regulatory body has approved or disapproved of our securities or passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense.

About Oakworth Capital Inc. and Oakworth Capital Bank

Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (Oakworth) (OTCQX: OAKC). Oakworth was founded in 2008 and operates four offices in the Southeast, including its headquarters in Birmingham, Alabama. Oakworth provides commercial and private banking, wealth management and advisory services to clients across the United States.

Oakworth has been ranked among American Banker’s “Best Banks to Work for” for the past nine years, holding the top spot for six of those and ranking #2 most recently.  Additionally, Oakworth’s 2025 average Net Promoter Score (NPS) was 95 with a commensurate client retention rate of 95%. As of December 31, 2025, Oakworth had $2.0 billion in total assets, $1.6 billion in gross loans, $1.8 billion in deposits and $2.7 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.

Advisory services, including investment management and financial planning, are offered through Oakworth Asset Management LLC, a registered investment advisor that is owned by Oakworth Capital Bank, Member FDIC. Investment products and services offered via Oakworth Asset Management LLC are independent of the products and services offered by Oakworth Capital Bank, and are not FDIC insured, may lose value, have no bank guarantee, and are not insured by any federal or state government agency. Because Oakworth Asset Management LLC is owned by Oakworth Capital Bank and because associates of either entity may provide financial advice to our clients, there exists a conflict of interest to the extent that either party recommends the services of the other. Oakworth Asset Management LLC does not provide tax or legal advice. You should consult your tax advisor, accountant, and/or attorney before making any decisions with tax or legal implications. Additional information about Oakworth Asset Management LLC, including its services and fees, may be obtained from adviserinfo.sec.gov or by contacting Oakworth Asset Management directly.