OAKWORTH CAPITAL INC - $OAKC STOCK NEWS

Welcome to our dedicated page for OAKWORTH CAPITAL news (Ticker: $OAKC), a resource for investors and traders seeking the latest updates and insights on OAKWORTH CAPITAL stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OAKWORTH CAPITAL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OAKWORTH CAPITAL's position in the market.

04/22/2024 09:00 AM

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Oakworth Capital Inc. Reports 29% Increase in Diluted EPS

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Oakworth Capital Inc. (OAKC) reported a 29% increase in diluted EPS for the first quarter of 2024, driven by strong growth in banking and wealth revenue streams. Wealth assets and loans also saw significant growth, with total revenue increasing by 15% year-over-year. The company's focus on strategic investments in 2023 has paid off, positioning them well for future growth.

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03/25/2024 10:00 AM

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Oakworth Capital, Inc. Announces Stock Repurchase Program

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Oakworth Capital, Inc. (OAKC) announces a $5 million stock repurchase program approved by its Board of Directors, allowing the repurchase of outstanding shares over a two-year period through various means.

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02/21/2024 10:00 AM

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Oakworth Capital Bank Names Three New Members to Middle Tennessee Market Board

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Oakworth Capital Bank (OAKC) welcomes Bill Clark, Dr. Lisa Piercey, and Maggie Spalding to its Middle Tennessee Market Board, showcasing a diverse group of successful leaders. The addition of these respected individuals reinforces Oakworth's commitment to community and leadership values.

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-3.23%

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02/12/2024 10:00 AM

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Oakworth Capital Bank Names Four New Members to Central Alabama Market Board

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Oakworth Capital Bank (OAKC) welcomes Charlie Baxley, Trey Heard, Curt Stokes, and Patrick Thompson to its Central Alabama Market Board. These leaders bring diverse industry backgrounds and exemplify Oakworth's core values. Bill Pitts, Oakworth's managing director, expresses excitement for their contributions.

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-0.57%

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01/24/2024 09:00 AM

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Oakworth Capital Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Oakworth Capital Inc. (OAKC) reported strong balance sheet growth in fiscal year 2023, with 30% average loan growth and 12% average deposit growth. Earnings were $4.7 million or $0.96 per share, diluted, impacted by $7.4 million of provisioning related to a single credit. The company's Chairman and CEO, Scott Reed, highlighted investments in growth and infrastructure, with plans to realize returns in 2024. Despite a significant credit loss, profitable growth continues according to plan. Wealth assets increased 12% year-over-year to $2.0 billion, and Tier 1 Capital was 9.7% at the end of 2023.

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-2.92%

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12/05/2023 03:42 PM

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Oakworth Capital Inc. Announces 9th Consecutive Annual Cash Dividend

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Oakworth Capital Inc. (OTCQX: OAKC) declares an annual dividend of $0.45 per common share, payable on Jan. 12, 2024, to shareholders of record as of Dec. 15, 2023.

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11/27/2023 11:57 AM

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For 6th Consecutive Year, Oakworth Capital Bank Named #1 "Best Bank to Work For" in the U.S.

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Oakworth Capital Bank (OCB) has been named the #1 'Best Bank to Work For' in the United States by American Banker, with a 96% associate retention rate as of year-end 2022. The bank's emphasis on core values, collaborative environment, and client-centric focus contributed to this recognition.

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11/13/2023 11:49 AM

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Oakworth Capital Inc. Reports 16% Increase in Year-to-Date Diluted EPS

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Oakworth Capital Inc. (OAKC) reported a 16% increase in diluted earnings per share and a 15% increase in earnings year-to-date September 30, 2023, compared to the same period in 2022. The company attributes this growth to a 9% increase in wealth assets, a 23% increase in loans, a 16% increase in deposits, and a 17 bps margin expansion year-over-year. Chairman and CEO Scott Reed emphasized the company's focus on balanced growth and exceptional client service in a challenging environment.

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1.67%

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10/11/2023 10:35 AM

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Oakworth Capital Bank Opens Its Doors in The Central Carolinas

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Oakworth Capital Bank® opens new office in Charlotte to provide personalized financial services.

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09/19/2023 10:00 AM

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Oakworth Capital Bank Announces New Members to its Inaugural Central Carolinas Market Board

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Oakworth Capital Bank introduces new members to its Central Carolinas board, including Blake Evans, Kimberly Mize, and Steve Smith. The bank aims to provide personalized services and a curated experience. The team-based culture and associate retention rate of 96% reflect Oakworth's commitment to its associates. The bank's new office is located in Charlotte.

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