Oakworth Capital Bank Receives BauerFinancial's 5-Star Rating

Rhea-AI Summary

On March 8, 2023, Oakworth Capital Bank (OTCQX: OAKC) announced it has received a 5-star rating from BauerFinancial based on Q4 2022 data, indicating superior financial health. This rating reflects factors like profitability, asset quality, and regulatory compliance. As of December 31, 2022, Oakworth reported $1.3 billion in total assets, $974 million in gross loans, and $1.2 billion in deposits. The bank has also been recognized as the #1 'Best Bank to Work for' for five consecutive years and boasts a Net Promoter Score of 96. The 5-star rating affirms the bank's commitment to safety and sound financial practices.

Positive

• Received 5-star rating from BauerFinancial based on Q4 2022 data.
• Total assets of $1.3 billion as of December 31, 2022.
• Gross loans reported at $974 million.
• Deposits reached $1.2 billion.
• Ranked #1 'Best Bank to Work for' for five consecutive years (2018-2022).
• Achieved a Net Promoter Score of 96 out of 100.

Negative

• None.

BIRMINGHAM, Ala., March 8, 2023 /PRNewswire/ -- 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/.

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.

"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.

About Oakworth Capital Bank
Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (OTCQX: OAKC). Oakworth was founded in 2008 and operates three offices in the Southeast, including its headquarters in Birmingham, Alabama and plans to open a fourth office in 2023. Oakworth provides commercial and private banking, wealth management and advisory services to clients across the United States.

Oakworth 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 of 95% in 2022. 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. For more information, visit www.oakworth.com.

For more information contact:
Sonia Blumstein
Phone: 205-278-2017
Email: sonia.blumstein@oakworthcapital.com

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SOURCE Oakworth Capital Bank

FAQ

What rating did Oakworth Capital Bank receive from BauerFinancial?

Oakworth Capital Bank received a 5-star rating from BauerFinancial.

What are the total assets of Oakworth Capital Bank as of December 31, 2022?

Oakworth Capital Bank reported total assets of $1.3 billion as of December 31, 2022.

How much in gross loans did Oakworth Capital Bank report?

Oakworth Capital Bank reported gross loans of $974 million.

What is the Net Promoter Score of Oakworth Capital Bank?

Oakworth Capital Bank has a Net Promoter Score of 96 out of 100.

How many years has Oakworth Capital Bank been named 'Best Bank to Work for'?

Oakworth Capital Bank has been named #1 'Best Bank to Work for' for five consecutive years (2018-2022).