As of and quarter ended March 31, 2026 highlights include:
Income/Profitability:
Net income of $4.9 million compared to $5.0 million in first quarter 2025
Diluted earnings per share of $0.94 compared to $1.01 in first quarter 2025
Pre-tax pre-provision income of $7.8 million compared to $7.5 million one year ago
Revenue of $22.3 million: 13% higher than $19.8 one year ago
12% year-over-year growth in net interest income
18% year-over-year growth in trust and wealth fees
Non-interest expenses of $14.5 million compared to $12.3 million in first quarter 2025
18% higher year-over-year
Includes $872 thousand ($660 thousand, net of tax) strategic write-down of other real estate
Loss-earnback trade on securities produced $127 thousand loss in period
Sale of $7.0 million in US Treasury securities with weighted average yield of 1.16%
Purchase of $7.0 million in GNMA MBS securities with weighted average yield of 4.91%
6-month earnback period; accretive by approximately $125 thousand by year-end
ROAE of 13.0%
ROAA of 1.0%
Wealth Assets/Balance Sheet:
Wealth assets of $2.7 billion, 18% higher than $2.3 billion one year prior
Year-over-year loan growth of 11% on average basis and 12% on period end basis to $1.7 billion
Year-over-year deposit growth of 11% on average basis and 10% on period end basis to $1.8 billion
Tangible book value per share: $30.75
Safety and Soundness:
Credit quality metrics:
$12.1 million non-performing loans
Inclusive of C&I credit moved to non-accrual during quarter
$0 past due +90 loans
$2.5 million ORE
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%
About Oakworth Capital Inc. and Oakworth Capital BankOakworth 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 March 31, 2026, Oakworth had $2.0 billion in total assets, $1.7 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.
For more information contact:Jenifer KimbroughPhone: 205-263-4704Email: [email protected]
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
