Oakworth Capital Inc. Reports Balanced Top Line Growth
Rhea-AI Summary
Oakworth Capital (OTCQX: OAKC) reported balanced top-line growth for Q1 2026 with revenue of $22.3M, up 13% year-over-year, driven by 12% loan growth, 10% deposit growth and 18% growth in wealth assets to $2.7B. Net income was $4.9M and diluted EPS was $0.94.
Non-interest expense rose 18% to $14.5M, including an $872K strategic write-down and a $127K loss from a loss-earnback trade; pre-tax pre-provision income was $7.8M. Credit metrics show $12.1M non-performing loans and CET1 of 10.6%.
AI-generated analysis. Not financial advice.
Positive
- Revenue +13% year-over-year to $22.3M
- Wealth assets +18% year-over-year to $2.7B
- Loans +12% year-end growth to $1.7B
- Deposits +10% year-end growth to $1.8B
- Pre-tax pre-provision income of $7.8M
Negative
- Net income declined to $4.9M from $5.0M
- Non-interest expenses +18% to $14.5M, incl. $872K write-down
- Loss-earnback trade produced $127K period loss
- $12.1M non-performing loans and $2.5M other real estate
News Market Reaction – OAKC
On the day this news was published, OAKC declined 0.80%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
As of and quarter ended March 31, 2026 highlights include:
Income/Profitability:
- Net income of
$4.9 million $5.0 million - Diluted earnings per share of
$0.94 $1.01 - Pre-tax pre-provision income of
$7.8 million $7.5 million - Revenue of
$22.3 13% higher than$19.8 12% year-over-year growth in net interest income18% year-over-year growth in trust and wealth fees
- Non-interest expenses of
$14.5 million $12.3 million 18% higher year-over-year- Includes
$872 thousand $660 thousand
- Loss-earnback trade on securities produced
$127 thousand - Sale of
$7.0 million 1.16% - Purchase of
$7.0 million 4.91% - 6-month earnback period; accretive by approximately
$125 thousand
- Sale of
- ROAE of
13.0% - ROAA of
1.0%
Wealth Assets/Balance Sheet:
- Wealth assets of
$2.7 billion 18% higher than$2.3 billion - Year-over-year loan growth of
11% on average basis and12% on period end basis to$1.7 billion - Year-over-year deposit growth of
11% on average basis and10% on period end basis to$1.8 billion - Tangible book value per share:
$30.75
Safety and Soundness:
- Credit quality metrics:
$12.1 million - Inclusive of C&I credit moved to non-accrual during quarter
$0 $2.5 million 1.2% allowance for credit losses as percentage of loans, net
- Capital ratios
- Total risk-based capital:
11.8% - CET1:
10.6% - Tier 1 leverage:
9.5%
- Total risk-based capital:
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
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
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.
For more information contact:
Jenifer Kimbrough
Phone: 205-263-4704
Email: jenifer.kimbrough@oakworth.com
OAKWORTH CAPITAL INC. | ||||||||||||||||||
WEALTH AND TRUST (Unaudited) | ||||||||||||||||||
(In millions) | As of | Change | Change | |||||||||||||||
3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | 3/31/2025 | 03/31/2026 vs. 12/31/2025 | 3/31/2026 vs. 3/31/2025 | ||||||||||||
Wealth assets (non-balance sheet) | $ 2,705 | $ 2,685 | $ 2,566 | $ 2,415 | $ 2,285 | $ 20 | 1 % | $ 420 | 18 % | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF CONDITION (Unaudited) | ||||||||||||||||||
(in thousands) | As of | Change | Change | |||||||||||||||
3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | 3/31/2025 | 03/31/2026 vs. 12/31/2025 | 3/31/2026 vs. 3/31/2025 | ||||||||||||
Assets | ||||||||||||||||||
Cash and due from banks | $ 113,891 | $ 194,946 | $ 153,084 | $ 124,351 | $ 100,968 | $ (81,055) | -42 % | $ 12,923 | 13 % | |||||||||
Federal funds sold | 1,951 | 1,325 | 950 | 1,900 | 525 | 626 | 47 % | 1,426 | 272 % | |||||||||
Securities available for sale | 213,286 | 201,684 | 189,673 | 175,535 | 175,599 | 11,602 | 6 % | 37,687 | 21 % | |||||||||
Loans, net of unearned income | 1,665,422 | 1,604,023 | 1,533,734 | 1,496,222 | 1,492,413 | 61,399 | 4 % | 173,009 | 12 % | |||||||||
Allowance for credit losses | (19,871) | (19,348) | (18,734) | (17,944) | (17,015) | (523) | 3 % | (2,856) | 17 % | |||||||||
Loans, net | 1,645,551 | 1,584,675 | 1,515,000 | 1,478,278 | 1,475,398 | 60,876 | 4 % | 170,153 | 12 % | |||||||||
Fixed assets | 3,447 | 3,625 | 3,821 | 3,980 | 4,221 | (178) | -5 % | (774) | -18 % | |||||||||
Interest receivable | 7,560 | 7,246 | 6,845 | 6,611 | 6,909 | 314 | 4 % | 651 | 9 % | |||||||||
Other assets | 54,169 | 52,723 | 52,825 | 58,967 | 53,866 | 1,446 | 3 % | 303 | 1 % | |||||||||
Total assets | $ 2,039,855 | $ 2,046,224 | $ 1,922,198 | $ 1,849,622 | $ 1,817,486 | $ (6,369) | 0 % | $ 222,369 | 12 % | |||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||
Liabilities: | ||||||||||||||||||
Deposits: | ||||||||||||||||||
Non-interest bearing deposits | $ 320,493 | $ 304,683 | $ 300,340 | $ 273,119 | $ 270,536 | $ 15,810 | 5 % | $ 49,957 | 18 % | |||||||||
Interest-bearing deposits | 1,467,134 | 1,526,302 | 1,397,942 | 1,299,175 | 1,356,172 | (59,168) | -4 % | 110,962 | 8 % | |||||||||
Total deposits | 1,787,627 | 1,830,985 | 1,698,282 | 1,572,294 | 1,626,708 | (43,358) | -2 % | 160,919 | 10 % | |||||||||
Total Borrowings | 78,299 | 38,831 | 58,809 | 118,786 | 38,763 | 39,468 | 102 % | 39,536 | 102 % | |||||||||
Accrued interest payable | 598 | 1,223 | 710 | 1,452 | 559 | (625) | -51 % | 39 | 7 % | |||||||||
Other liabilities | 20,950 | 26,521 | 20,657 | 21,333 | 20,382 | (5,571) | -21 % | 568 | 3 % | |||||||||
Total liabilities | 1,887,474 | 1,897,560 | 1,778,458 | 1,713,865 | 1,686,412 | (10,086) | -1 % | 201,062 | 12 % | |||||||||
Total stockholders' equity | 152,381 | 148,664 | 143,740 | 135,757 | 131,074 | 3,717 | 3 % | 21,307 | 16 % | |||||||||
Total liabilities and stockholders' equity | $ 2,039,855 | $ 2,046,224 | $ 1,922,198 | $ 1,849,622 | $ 1,817,486 | $ (6,369) | 0 % | $ 222,369 | 12 % | |||||||||
OAKWORTH CAPITAL INC. | ||||||||||||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | ||||||||||||||||||
(in thousands) | Quarter Ended | Change | Change | |||||||||||||||
3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | 3/31/2025 | 1Q26 vs. 4Q25 | 1Q26 vs. 1Q25 | ||||||||||||
Interest income: | ||||||||||||||||||
Loans, including fees | $ 25,373 | $ 25,817 | $ 26,194 | $ 25,306 | $ 24,803 | $ (444) | -2 % | $ 570 | 2 % | |||||||||
Securities available for sale | 2,015 | 1,814 | 1,667 | 1,605 | 1,474 | 201 | 11 % | 541 | 37 % | |||||||||
Short term investments | 1,201 | 1,772 | 1,058 | 1,043 | 1,169 | (571) | -32 % | 32 | 3 % | |||||||||
Total interest income | 28,589 | 29,403 | 28,919 | 27,954 | 27,446 | (814) | -3 % | 1,143 | 4 % | |||||||||
Interest expense: | ||||||||||||||||||
Deposits | 10,375 | 11,289 | 11,357 | 11,049 | 11,268 | (914) | -8 % | (893) | -8 % | |||||||||
Borrowings | 763 | 678 | 1,114 | 1,022 | 637 | 85 | 13 % | 126 | 20 % | |||||||||
Total interest expense | 11,138 | 11,967 | 12,471 | 12,071 | 11,905 | (829) | -7 % | (767) | -6 % | |||||||||
Net interest income | 17,451 | 17,436 | 16,448 | 15,883 | 15,541 | 15 | 0 % | 1,910 | 12 % | |||||||||
Provision for credit losses | 1,315 | 1,010 | 905 | 1,236 | 775 | 305 | 30 % | 540 | 70 % | |||||||||
Net interest income after provision | 16,136 | 16,426 | 15,543 | 14,647 | 14,766 | (290) | -2 % | 1,370 | 9 % | |||||||||
for loan losses | ||||||||||||||||||
Non-interest income | 4,837 | 4,647 | 4,392 | 4,131 | 4,245 | 190 | 4 % | 592 | 14 % | |||||||||
Non-interest expense | 14,538 | 14,634 | 13,223 | 12,964 | 12,325 | (96) | -1 % | 2,213 | 18 % | |||||||||
Income before income taxes | 6,435 | 6,439 | 6,712 | 5,814 | 6,686 | (4) | 0 % | (251) | -4 % | |||||||||
Provision for income taxes | 1,565 | 1,145 | 1,653 | 1,434 | 1,655 | 420 | 37 % | (90) | -5 % | |||||||||
Net Income | 4,870 | 5,294 | 5,059 | 4,380 | 5,031 | (424) | -8 % | (161) | -3 % | |||||||||
Earnings per share - basic | $ 0.96 | $ 1.05 | $ 1.01 | $ 0.88 | $ 1.01 | $ (0.09) | -9 % | $ (0.05) | -5 % | |||||||||
Earnings per share - diluted | $ 0.94 | $ 1.04 | $ 1.01 | $ 0.88 | $ 1.01 | $ (0.10) | -10 % | $ (0.07) | -7 % | |||||||||
OAKWORTH CAPITAL INC. | |||||||||
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) | |||||||||
(in thousands) | YTD Period Ended | ||||||||
3/31/2026 | 3/31/2025 | Change | |||||||
Interest income: | |||||||||
Loans, including fees | $ 25,373 | $ 24,803 | $ 570 | 2 % | |||||
Securities available for sale | 2,015 | 1,474 | 541 | 37 % | |||||
Short term investments | 1,201 | 1,169 | 32 | 3 % | |||||
Total interest income | 28,589 | 27,446 | 1,143 | 4 % | |||||
Interest expense: | |||||||||
Deposits | 10,375 | 11,268 | (893) | -8 % | |||||
Borrowings | 763 | 637 | 126 | 20 % | |||||
Total interest expense | 11,138 | 11,905 | (767) | -6 % | |||||
Net interest income | 17,451 | 15,541 | 1,910 | 12 % | |||||
Provision for credit losses | 1,315 | 775 | 540 | 70 % | |||||
Net interest income after provision | 16,136 | 14,766 | 1,370 | 9 % | |||||
for loan losses | |||||||||
Non-interest income | 4,837 | 4,245 | 592 | 14 % | |||||
Non-interest expense | 14,538 | 12,325 | 2,213 | 18 % | |||||
Income before income taxes | 6,435 | 6,686 | (251) | -4 % | |||||
Provision for income taxes | 1,565 | 1,655 | (90) | -5 % | |||||
Net Income | 4,870 | 5,031 | (161) | -3 % | |||||
Earnings per share - basic | $ 0.96 | $ 1.01 | $ (0.05) | -5 % | |||||
Earnings per share - diluted | $ 0.94 | $ 1.01 | $ (0.07) | -7 % | |||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/oakworth-capital-inc-reports-balanced-top-line-growth-302752013.html
SOURCE Oakworth Capital Inc.